No. of Recommendations: 5
Rubio details how the Trump administration will control Venezuela's oil money
“The funds from that (oil sales) will be deposited into an account that we will have oversight over,” Rubio said, adding that the U.S. Treasury would control the process. Venezuela, he said, “will spend that money for the benefit of the Venezuelan people.”
The U.S. will not subsidize oil industry investments in Venezuela, Rubio said, and is only overseeing the sale of sanctioned petroleum as an “interim step.”
“This is simply a way to divide revenue so that there isn’t systemic collapse while we work through this recovery and transition,” Rubio said.
(Sen. Chris Murphy) “You are taking their oil at gunpoint, you are holding and selling that oil … you’re deciding how and for what purposes that money is going to be used in a country of 30 million people,” Murphy said. “I think a lot of us believe that that is destined for failure.”
The U.S. will give Venezuela's current leaders instructions on how the money can and cannot be spent and conduct audits to ensure it is used as intended, Rubio said. He said Venezuela could use the money to pay for policing or to buy medicine.msn.com - Rubio details how the trump administration will control venezuela s oil moneySo, the US controls the oil. The US takes the money. The Venezuelan government, monthly, comes hat in hand, to the Pirate King, for their allowance.
Oh, yeah, no worries with that system. I would expect the "spending for the benefit of Venezuela" will be a lot like "supply side economics" that have driven US policy for 40 years: take from the Proles, and give to the rich, because the Proles, will, eventually, maybe, benefit, from the enrichment of the rich.
Steve
