Purchasing bonds from ruthless socialist regime a disturbing choice by globalist bank
Goldman Sachs, a massive globalist bank, has purchased $2.8 billion in bonds from Venezuela’s brutal socialist regime, extending a financial life-line to a regime imposing horrible oppression upon their people.
As reported by Reuters, Venezuela’s opposition is outraged. In a statement, Julio Borges – President of Venezuela’s opposition controlled Congress – condemned the purchase made by Goldman Sachs.
“Goldman Sachs’ financial lifeline to the regime will serve to strengthen the brutal repression unleashed against the hundreds of thousands of Venezuelans peacefully protesting for political change in the country. Given the unconstitutional nature of Nicolas Maduro’s administration, its unwillingness to hold democratic elections and its systematic violation of human rights, I am dismayed that Goldman Sachs decided to enter this transaction.”
Borges says the Congress will investigate the decision, and will recommend “to any future democratic government of Venezuela not to recognize or pay these bonds.”
Suffering under socialism
Despite massive oil reserves, Venezuela is now a failed state. Millions of people are going hungry, “official” currency is basically worthless, and all the government has left is fear, oppression, and violence.
Venezuela’s opposition won a massive victory in elections to the Congress, but the socialist regime under dictator Nicholas Maduro has ignored the Congress, and suppressed an extremely popular effort to initiate a recall referendum against the government.
It all needs to collapse
Having no government is better than having a bad one, and Venezuela is a perfect example of that. If citizens were freed from the horrendous tyranny of the ruthless socialist regime, the economy would immediately improve as price signals restored some balance to the market, and people would be free to begin rebuilding their lives.
However, with the Maduro socialist regime retaining power by force, no positive change will happen unless the entire system in Venezuela collapses. That’s why Goldman Sachs lifeline for the regime is so terrible. Almost all the money will go right into the pockets of the regime (interesting how socialists don’t like “sharing the wealth” when it’s their own money), and that money will be used to buy off more support, and pay for more oppression.
Thanks to Goldman Sachs, the suffering of the Venezuelan people will go on even longer.
Venezuela’s economic policies and financial system are not sustainable. One way or the other, it will collapse. The sooner that happens, and the sooner the socialist regime is removed from power and freedom restored to the people, the sooner that country can begin the road to recovery.
Goldman Sachs giving $2.8 billion to Venezuela through a bond purchase shows why so many people despise and oppose globalism. It’s extremely disturbing to see a bank giving a lifeline to such a brutal regime, and it raises all sorts of concerning questions.
We can see that the globalist elites care nothing for individual freedom. Instead, they seek every opportunity to expand their own power – even if that includes giving money to a brutal socialist regime. The hypocrisy is immense. A globalist bank based in America is giving money to a socialist regime, and that socialist regime is accepting money from a massive American bank – despite constantly railing against “American influence.”
Of course, hypocrisy and globalism go hand in hand.
It’s yet more evidence that globalism is corruption to the very core.