Re:Venezuela devalues the bolivar by 95% and pegs it to ‘oil...
by sonnyblarney on Monday August 20, 2018 @09:53PM
(#17806186)
You're missing the bits about mismanagement, nationalization of productive resources thereby making them dysfunctional, price fixing, terrible monetary policy, dismantling democracy, authoritarian tendencies, hysterical anti-American populism, messing with elections, shutting down journalists etc. etc..
"As they waited, their domestic and foreign opponents saw an opportunity to make the situation worse for them through measures like sanctions. "
America is not an enemy of Venezuela and does not want to hurt them.
Canada is also working with the US on sanctions and here is the motivation from Gov. Canada website [1]:
"After democratic elections held in December 2015 saw a coalition of opposition parties win a majority in the National Assembly, the Venezuelan government proceeded to systematically strip the powers of the National Assembly. In January 2016, President Nicolas Maduro declared a state of emergency and has since been ruling by decree."
"As they waited, their domestic and foreign opponents saw an opportunity to make the situation worse for them through measures like sanctions. "
America is not an enemy of Venezuela and does not want to hurt them.
Canada is also working with the US on sanctions and here is the motivation from Gov. Canada website [1]:
"After democratic elections held in December 2015 saw a coalition of opposition parties win a majority in the National Assembly, the Venezuelan government proceeded to systematically strip the powers of the National Assembly. In January 2016, President Nicolas Maduro declared a state of emergency and has since been ruling by decree."
Tip of the iceberg.
[1] http://www.international.gc.ca/sanctions/countries-pays/vene...