HomeSpecialAbrebrecha | Impact of the economic war in Venezuela

Abrebrecha | Impact of the economic war in Venezuela

Quantifying each and every one of the effects of the war that imperialism has declared on the Venezuelan people is impossible. The attacks that Venezuelans have experienced since 1999 have not only been economic, they have also been psychological. There is no way to measure the aftermath of hatred that the undemocratic opposition, with an anti-socialist propaganda has sown, to the point of burning people alive for looking like chavistas. The indignation that the Venezuelan people feel before those who claim to be Venezuelans have sold the Homeland, is also unquantifiable.

That said, but focusing on the economic aspect, we have updated the calculations that we had made in March 2019. At that time, the losses that this war has caused amounted to US $ 125 billion. Now we have calculated those corresponding to 2019, which total for that year US $ 68 billion.

Therefore, the total economic losses between 2016 and 2019 add up to US $ 194 billion.

For Venezuelans, US $ 194 billion is equivalent to approximately 16 months of national production. With that money, we could have paid off the entire external debt, which according to the BCV is US $ 110 billion. Or we would have enough resources to import food and medicine for 45 years.

These losses are disaggregated as follows: US $ 25 billion correspond to the money and assets that have been looted from us, while the other US $ 169 billion represent what we have stopped producing from 2016 to 2019 as a result of the attack on PDVSA (US $ 64 billion) and the attack on the bolivar (US $ 105 billion).

Lock / loot / hack.

John Bolton, confessed in January 2019: "We freeze all the assets of the state-owned company PDVSA in US territory [Citgo], we block US $ 7 billion in assets plus US $ 11 billion in estimated export earnings over the next year" .

According to the Ministry of Foreign Affairs, the US government and its allies have looted us $ 25 billion. They disguise it as "sanctions", others, elegantly call them unilateral coercive measures, but it is nothing but a blatant robbery and an act of piracy. Approximately US $ 5.400 million are held in 50 banks, including the 31 tons of gold that the Bank of England has withheld from us. The US $ 18 billion in assets and dividends of the Citgo company are also included.

They not only robbed us, but also, in January 2019, the US State Department announced that it gave Guaidó control of assets, assets and properties of the Venezuelan government in bank accounts in the US, that is, Guaidó has been responsible for the administration of those resources. We would like to know how much of those dollars has been allocated to protect the Venezuelan population in times of quarantine. What we are clear about is that US $ 200 million was used to close a contract with SilverCorp whose objective was to hire mercenaries to assassinate Venezuelans.

As for the retained gold, we must say that the Bank of England is obliged to return it to its owner immediately, upon request. Now it turns out that, according to the English, the owner of the gold is Guaidó who they say is the "interim president" of Venezuela. This theft is so gross that who in their right mind believes such outrage. The whole world knows that it is not Guaidó who sits in the General Assembly, nor in the Human Rights Council, nor in the UN Security Council, nor in the OPEC meetings. Obviously he does not sit in Miraflores either, much less orders the Fanb.

Is it Guaidó who is dealing with covid-19 in Venezuela and coordinating with the World Health Organization the protocols and reception of health aid? True things, friend Sancho.

Attack on PDVSA

William Brownfield, former US ambassador to Venezuela confessed: “If we are going to sanction PDVSA, it will have an impact on the entire people, on the ordinary citizen. The counter argument is that the people suffer so much from lack of food, security, medicines, public health, that at this time perhaps the greatest resolution would be to accelerate the collapse even if it produces a period of suffering of months or perhaps years. "

The attack on PDVSA is not accidental, on the contrary it is a deliberate and accurate action. Any affectation to the oil industry has repercussions not only in the company itself, but mainly in the national economy and with it in the Venezuelan people.
The oil industry generates 95% of the foreign currency that enters Venezuela by way of exports. The decrease in these exports, either due to the drop in oil production levels or due to a decrease in the price of hydrocarbon, affects the entry of foreign currency and with it imports of supplies, spare parts, machinery for national production. PDVSA is the catalyst for internal production.

The price of oil, for the first time in history fell for 4 consecutive years, the drop was 65%. On the other hand, the commercial and financial blockade against PDVSA, the difficulty and impossibility of bringing spare parts and supplies, and the financial obstacles, among other reasons, have affected oil production, which has decreased 64% from 2,8 million barrels daily in 2013 to 1 million in 2019, which has translated into a 78% drop in oil exports (they went from US $ 85 billion annually in 2013 to US $ 19 billion in 2019).

Between 2016 and 2019 we stopped producing US $ 64 billion nationally as a consequence of the decrease in oil exports.

Bolivar attack

Referring to Venezuela, Senator of the Republican Party of the United States, Richard Black confessed: “We have demonetized its currency and, through the international banking system, we made the Venezuelan currency worthless and then we go and say: 'Look how bad this government is. , your currency is worth nothing. ' Well, it wasn't them, it was us who made their currency useless. ” (Sputnik 09-12-2019).

The attack on the bolivar, the main weapon of the economic war, not only induces hyperinflation and with it the loss of purchasing power of the working class, it also contracts national production. Insofar as the salaried class sees its purchasing capacity deteriorate as a result of the rapid and disproportionate rise in prices, it decreases the demanded quantities of goods and whoever sells decreases its production.

Since 2013, imperialism has criminally induced the depreciation of the bolivar by 241.657 million percent, which has led to a price increase of 11.500 million percent since that year and to date.

Between 2016 and 2019 we stopped producing US $ 105 billion nationally as a result of the attack on the bolivar.

Let everyone draw their conclusions from what these economic losses of US $ 194 billion represent in anguish, outrage, quality of life and lives of Venezuelans. That it also draw the conclusions of the incalculable level of consciousness and therefore of resistance of the Venezuelan people who, always with high morale, have confronted the enemies of the Fatherland with the best of strategies: the civic-military union.

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