Let us continue examining the Report signed by the United States Government Accountability Office (GAO) on the destructive effects on our population of the Unilateral Coercive Measures adopted by your administration. To destroy a country, annihilate its fundamental industry. And in this regard, the Report confesses that “the United States sanctions apparently contributed to the decline of the Venezuelan economy, fundamentally by further limiting its income from crude exports. Venezuelan crude production before the announcement of the sanctions on PDVSA in January 2019 was 1.2 million barrels a day, and had declined approximately 47% from 2010 crude production levels. Since January 2019, however, the Production has fallen even more, and in September 2020 it remained at 324.000 daily, a decrease of 59% compared to the average of production for 2019. Due to the United States sanctions, few buyers are willing to buy Venezuelan crude, and those that do require a heavy discount. Additionally, Venezuela has to transport its oil to countries more distant than the United States, which increases transportation costs. As a result, the Maduro government is receiving less money from its oil sales, as it sells less crude at a higher cost and at a lower price ”. Double extortion: threatening not only those who produce oil, but those who buy it.
Depriving a country of its fundamental means of life is a feat that must be detailed. And so, the GAO report details that: ”Venezuela's participation in the oil production of the Organization of Petroleum Exporting Countries has decreased from 10,1% in 2000 to 2,1% in 2020. As shown In figure 6, Venezuelan crude production from 2011 to 2015 remained consistently at 2,5 million barrels per day. By September 2020, crude oil production had declined to 340.000 barrels a day, an 86% decrease from the 2015 level. " To this end, theft does not hurt: the theft of 32 tons of gold from international reserves deposited in the Bank of England; that of countless assets such as the Venezuelan network of CITGO refineries and outlets, located in the United States.
To deprive a country of the use of its means of production is to devastate it. Above all, in the field of finance. According to GAO: ”In 2010, the inflation rate was 28.2%; by 2017, it had reached 438%. In 2018, Venezuela experienced hyperinflation, which culminated in 65.374%. Towards 2020, the inflation rate decreased, but remained extremely high, at 6.500% ”. These are figures estimated by the International Monetary Fund based on data from the Central Bank of Venezuela and by "various analysts of the National Assembly of Venezuela", who are supposed to be impartial because they do not recognize the legitimate government.
The obstruction of income increases the need to resort to public credit, and the difficulty of obtaining it. And so, the GAO reports: “The Maduro government has long-term payment agreements with governments such as China and Russia, according to experts. But while the Venezuelan government has canceled some of its debts, it still has a substantial debt, with less oil available to sell. According to the International Monetary Fund, Venezuela in 2019 had a general public debt of 233% of its GDP, compared to 11% in 2015 ”. This percentage has grown so much in relation to GDP, because the latter, as we saw, has been reduced to negative magnitudes. From credit moderation to Unpayable Debt.
The external aggression thus ends up dismantling public services and social policies. Let us add other GAO confessions: “Subsidized consumption of domestic oil: Domestic consumption ranges between 400.000 and 500.000 barrels of oil per day, which are considerably subsidized. The amount of fuel used for domestic use and the payment of the debt leaves Venezuela with a small residue of crude available to obtain profit from its sale ”. "According to experts we interviewed, the blackouts have increased in frequency and duration since the United States began to impose sanctions on Venezuela."
We could continue citing the atrocious effects that the United States government itself attributes to its unilateral coercive measures against the population. Better let us examine the devious logic by which an entire country is tried to immolate itself. The United States maintains that "Maduro declared himself victorious in a Presidential election that the Venezuelan National Assembly, as well as many external observers, considered as not free and fraudulent." The aggression against the Venezuelan people would seek to force them to achieve what the United States could not by supporting mercenary invasions and assassination attempts: to depose the President. To suppose that an unarmed people can achieve such an objective is to admit that they live under a democratic government; which, therefore, should not be overthrown. Like the portrait of Dorian Gray, this list of atrocities would not be complete without the hypocritical streak of compassion for the people it sacrifices. The GAO Report concludes by stating that "The Treasury provides licenses to authorize transactions related to humanitarian matters, but banks can try to minimize their risks by limiting transactions involving Venezuelan entities." For this reason, "Treasury employees point out that humanitarian organizations very frequently cite delays in the transfer of operational funds to Venezuela as an inconvenience associated with the US sanctions." These delays have caused the death of Venezuelan children hospitalized abroad. But the blame would not be on those who destroy a country, but on the banks that fear the annihilator. It is the logic of the Empire that after detonating two thermonuclear devices on populated centers without military installations, it threw a box of Band-Aids to demonstrate its goodness. A confession of part, relief of evidence.