It's long been said that 'he who holds the gold, makes the rules' so, how long does the Socialist Paradise of Venezuela have in terms of ruling?
Venezuela had $21.6 billion in Gold Reserves 7 years ago (Sep 2011).
- By Nov 2011 their Gold Reserves were down to $7.7 billion.
- At end Jan 2018 they only had $6.1 billion remaining. [Read: For FED economists that's a burn rate of $1.6 billion in three months.]
At their current rate of selling Gold, Venezuela will be completely 'out' of Gold by next May.
- Gee, does that mean all those 'free things' Socialism gave to the people of Venezuela weren't really free? Not even the lunches they now do not have? [Read: For Bernie supporters - There is no such thing as a free lunch, or a 'free' anything else.]
1 comment:
Of course, the REAL question is how much gold does the US actually have? But then surely we can take the word of Our Betters without doing an actual count...
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