Given Bernie Sanders’ love of Socialism, one would expect him to volunteer to solve Venezuela’s problems, but the elderly Communist who honeymooned in Soviet Moscow, has yet to volunteer, and remains mysteriously silent as the South American nation shows the entire world that socialism simply does not work, it has never worked, and no matter what it is renamed as, it will never work.
At least one million people have entered Colombia from Venezuela since President Nicolas Maduro’s government descended into crisis last year, a senior Red Cross official reported.
The health director at the International Federation of Red Cross and Red Crescent Societies (IFRC), Emanuele Capobianco, said that not all have stayed in Colombia as displaced people, with some moving on to other countries in the region.
“To date we know that approximately one million people have entered Colombia through official migration points, and we don’t know how many have entered Colombia through unofficial migration points,” he said in a phone interview in Geneva, specifying that this movement had occurred “since mid-2017.”
With the economic crisis in Venezuela intensifying, an estimated 37,000 people were now moving across the Colombian border each day, he added.
On a recent trip to the region, Capobianco said he witnessed “a constant stream of people,” leaving Venezuela, some with their belongings strapped to the backs.
While the group is diverse, with some only looking to work in Colombia for a short period before returning home, most are on the move because they cannot meet their basic needs in Venezuela, Capobianco explained.
He described the situation as a “humanitarian crisis that needs to be better assessed,” including from a public health standpoint amid rising cases of malaria, diphtheria and other serious ailments affecting those migrating.
Brazil has joined in the struggle as well, airlifting Venezuelans fleeing the socialist hell hole to refugee camps in remote portions of the nation.
The socialist country has defaulted on its debt and suffers severe shortages of food and medicines despite sitting atop the planet’s biggest proven oil reserves.
Caracas has been printing money as foreign reserves dwindle, and the national currency, the bolivar, has become nearly worthless.
Bloomberg reports that while the world ponders the fate of Iran’s exports, the oil market is exposed more than ever to the effects of Venezuela’s spectacular production collapse.
The South American nation, holder of the world’s biggest oil reserves, has seen output fall almost 40 percent since 2015, to 1.5 million barrels a day, amid political turmoil and an economic meltdown under President Nicolas Maduro.
It should be noted that American oil companies were operating at a profit before the oil operations were seized by the government in an attempt to keep their socialist regime afloat.
With global creditors eyeing Venezuelan assets and the U.S. considering more sanctions, production could drop further, to 1 million barrels daily, Societe Generale analysts said in a report last week.
The demise of OPEC’s eighth largest producer, underscored recently by ConocoPhillips’s push to take over its Caribbean oil assets, has helped trim a global surplus, boosting prices. At the same time, it’s left less of a cushion to deal with further declines, now that the U.S. is exiting the Iran nuclear-arms deal and reimposing sanctions.
Mr Americana, Overpasses News Desk
May 10th, 2018