Say what you want about him, but he's doing what needs to be done.
He's basically correcting what should've been done years ago when Chavez nationalized the oil industry in Venezuela and drove all the U.S. oil companies out.
Since then, their production dropped from 3 million barrels per day to.......1 million barrels per day.
Also, we need that oil to prevent the dollar from plunging........and to slow down the rise of the BRICS nations.
Venezuela has 300 billion barrels of oil in reserves.
That's the most in the world.......and is valued at over $15 trillion since the price of oil right now is around $50/barrel.
Most people don't realize how much damage the Biden administration did to this country.
Not gonna delve too much into it, but..........basically..........when they decided to sanction Russia and stopped taking Russian oil, they messed up the supply chain and drove up the price of oil in the process.
That caused a domino effect that drove up the prices of everything.
Simply because, even though we were only getting 10% of our oil from Russia, we would need to get that 10% somewhere else after we sanctioned them.
Other countries we were getting our oil from knew that, so they increased the prices as a result.
Which, in turn, raised the prices worldwide.
Simple supply and demand.
Then, when you bring 10-15 million illegals into the country on top of that, it further increases demand because they need to be fed.........and they need to be housed.
Which increases the cost of food and housing.
What's happening now is just the culmination of what's been building up ever since we got off the gold standard in the early 70's.
It's just gotten to the point now where we finally have to address it and do whatever is necessary to prevent the whole system from falling apart.
I disagree with this take with for:
1. Venezuela has very crappy oil like very crappy oil which is why Oil companies don’t care to go back(Rex Tillerson was apart of his first administration it would have been a supported idea then with the old war hawks) and rather seek damages via international court which is correctly owed to them not the US taxpayer who would be footing the bill for this venture. US in $40T in debt to future tax payers already says any further military venture ain’t happening and if it do it would future debase the dollar increasing global de-dollarization.
2. If it was truly for the Petrodollar why attack you trading partners, Canada and Mexico to be specific, slap tariffs on your other partners, and go after immigration all which creates a demand for the greenback propping up its value….
3. Sanctioning Russia did nothing when countries like Germany, China, India, Brazil were still buying oil from Russia to not disrupt the supply chain lmao it was all over the news….
4. Oil being $50/bbl isn’t driving the price up as it would cause the producers in the shale region to start up wells causing a job boom in the region more so tapping Venezuela’s oil might drive the price of crude down hurting American producers. Every time oil prices creep up to $70/bbl OPEC Saudi Arabia in particular increases production dropping the price to wash out American producers. You can’t say raise prices and say supply and demand and if prices rose more supply would have came online and brought it back down.
5. Don’t cry about illegals and turn around and support destabilizing other nations. It’s a reason non of those generals ran the same gameplan you saw in Iraq, Libya, Afghanistan and others in their own backyard as it’ll increase immigration at a rate they can’t manage to weed out the poor and desolate. Every time a building is brought down roaches and rats move to find a new home sometimes it’s yours.
6. What increase the cost of living is The Fed prints money, it goes to the banks that sit on it and put it into capital investments versus labor which increases asset prices subsequently fall prices down the supply chain to the consumers. Job creation and wage increase affecting inflation is organic and good but bad when it’s capital inflating ahead of the general market.
What’s happening is a is the culmination of a series of pointless military interventions to destabilize governments to not enrich the country but a few. Gold standard no gold standard.
I could go on but you see my point.
It’s crazy this is your idea of do whatever necessary to prevent the inevitable is this and not investing in Black America…
This is a distraction to the fact this fat fucker is a kiddie diddler with a flailing economy. He accused Obama of this same tactic.
With all that being said I’m open to be proven wrong.
