Venezuela Keeps The Lights On In America

The news has been littered by rampant coverage of the ballooning welfare state in the US, but what nobody is covering is that no matter how big it gets, it will never be big enough. Enter…Venezuela… The CITGO-Venezuela Heating Oil Program has aided more than 1.7 million Americans in 25 states and the District of Columbia stay warm since its inception in 2005. A partnership between the Venzuelan state oil company and its subsidiary CITGO, as well as Citizens Energy Corporation, provides discounted and free home heating services and supplies for need US homes and abroad.

Man, better get out of those Bolivars and Dollars…

One comment on “Venezuela Keeps The Lights On In America
  1. Danny Cunnington says:

    The Bolivar is an internal currency with a fixed exchange rate. It works the same as the old non-convertable currencies of countries like Hungary and the rest of the old Warsaw pact countries. The downgrade is not even the spread between the official and black/real market rate. All it does is make imports more expensive.

    Venezuela has cheap energy and produces a lot of it’s own food. It also trades oil for other commodities like rice. Things like durable goods that are imported are going up and there will be a bit of inflation but it’s not a disaster.

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