Re: Venezuela’s Maduro Plans To Slash Spending as Oil Price Drops
in response to
by
posted on
Dec 13, 2014 07:53PM
Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America
........derivatives traders aren’t only betting that a default is almost certain but that it will most likhappen within a year..........
This is what I was talking about a default or FISCAL revolution? Might be good timing for our judgement from the ICSID.
Side note: This has to happen because Long term into the future IMO the frackers will drill for less money per barrel than Venezuela's oil is worth on the market. AND OPEC has abandoned them because they have no cash reserves to bring to the table, besides having no ability to budget or govern themselves.