Why Trump’s Tough Trade Dealings With China Hinges on Venezuela, by Ken Blackwell

Why Do So Few US Catholics Believe in the Real Presence? Look at the Liturgy, by C. C. Pecknold
August 14, 2019
Saint of the Day for August 15: Solemnity of the Assumption of Mary
August 15, 2019

Vista aérea de la plataforma offshore del pozo Perla 1X.

By Ken Blackwell, The Stream, August 15, 2019

Ken BlackwellIt is certainly no secret how President Trump is playing very tough with China these days by enforcing a series of hard-hitting trade sanctions, all with a goal of establishing fairer trade between China and the U.S.  

But the President might be eroding his own, hard fought progress with China if he allows the Chinese government direct control of the world’s largest oil reserves which are located in Venezuela. The President can prevent these vast oil supplies from falling under Chinese control if he allows American energy companies to continue operating in partnership with Venezuela, as they have done for decades.    

China and Russia Gains a Foothold

The United States has been operating in Venezuela since the 1920’s but China, Russia and other nations have slowly gained more influence and a foothold in the troubled Socialist nation. Embattled Venezuelan President Nicolas Maduro has virtually run his oil rich country into the ground and the people of Venezuela are in despair.

Socialism has completely devastated Venezuela. Once a South American paradise, the country is now awash in drug cartel crime; violence from brutal Cuban gangs that make ANTIFA look tame; the economy has collapsed; their currency is virtually worthless. More than 4 million have fled as there are few jobs and unimaginable inflation. ….

Read more at stream.org