From a once rich country to a barren Venezuela today, how did it fall into Infernal Hell?

Because of the sharp drop in oil**, Venezuela went directly from being a rich country to a barren country. Venezuela is a country rich in resources, rich in oil, so it is a big country in South America, and the number of personnel is also very large, and Venezuela and China are still old friends, according to the report, China's investment in Venezuela and the money lent to them are as high as 56 billion US dollars, so it can be seen that the relationship between China and Venezuela is still very good. <>

Venezuela was a very rich country two years ago, arguably the richest country in South America. The GDP (gross domestic product) of one person in this country is as high as 16500000 US dollars, from which it can be seen that the income of Venezuela can be said to be particularly high, and the country's ** also gives free houses to young people who want to get married, and all tuition fees for children from school to university are all exempted, and this country also has the conditions for free medical treatment for the people of the whole country. It can be said that life in this country is particularly happy.

Venezuela is also a country that provides families with lower incomes with free food and everything they need to live for free. Later, due to the sharp drop in the country's oil **, Venezuela's economy underwent great changes, which finally led to the people of Venezuela living in a particularly miserable situation, and then there was a kind of inflation in the country, so that paper was more expensive than money. <>

Then there was an emergency food shortage in Venezuela, and because of the food shortage, the country was always fighting for it. Sometimes people smashed supermarkets, smashed shopping malls, sometimes they fought for food there, and then they fought, and then the police in this country stopped them everywhere and suppressed them everywhere. Later, in order to ensure that this situation did not happen further, the country began to activate the armed forces, guarding various supermarkets, and then distributing small quantities of food to people in Venezuela.

Venezuela went from being one of the richest South American countries to a barren country where all three meals were a problem because of the sharp drop in oil.

Hyperinflation in Venezuela has pushed up commodities** and depreciated the currency pair, making money less valuable than paper towels. Now in Venezuela, the money spent on shopping on the street is not counted, but weighed. Hyperinflation has made Venezuelans' wallets useless, and they have to use carts to hold money.

Venezuela's finances no longer have enough capital to invest in the oil industry. The development of the manufacturing industry is lagging behind. Years of widespread corruption, food shortages and high inflation.

Because their domestic oil industry has shrunk significantly, they cannot rely on selling oil to maintain domestic development, but their manufacturing industry is also relatively backward, and now there is no industry to develop the economy in China, so it is so lonely.

I think they may feel that they are very rich, so they don't feel distressed at all when they spend it, and they don't make money, and they slowly become poor.

In the final analysis, there are two main reasons, the first is that the international oil price has turned from high to low, the oil quality of Venezuela is not good, and the oil price will be unprofitable or even a loss if it falls to a certain extent; The second is the blockade of the United States, because Chavez is anti-American, and the United States has used various methods to fight Venezuela, and the results are also very obvious, so what you see now is that the country has changed from rich to barren.

Catching up with international oil prices**, the Venezuelan economy, which accounts for half of the country's fiscal revenue, immediately fell into crisis. Since then, Venezuela has been plagued by conflicts, political turmoil, and coups d'état. In the ten years from 1998 to 2008, it increased more than ten times.

The Venezuelan economy is becoming increasingly dependent on oil.

They don't have a good "shipping manufacturer", and secondly, because of the United States, resulting in their oil basically not being sold. And Venezuela does not have the capacity to mine itself, but is highly dependent on oil as its lifeblood. After the Americans helped Venezuela extract the first barrel of oil, they never let go and firmly controlled the technology and market for extraction.

According to statistics, about 50% of oil exports to the United States are settled in US dollars.

These effects are not reflected in these aspects, but there are also some bond effects。That's all there is to it, and there's still no way to make up for that bond. The U.S. sanctions on Venezuela are also only a continuation of previous sanctions.

In late August 2017, Donald Trump signed an executive order imposing financial sanctions on Venezuela, prohibiting U.S. financial institutions from participating in new debt and equity transactions between Venezuela and the state-owned Petroleos de Venezuela.

The ban on U.S. institutions from trading some of the bonds already issued by the Venezuelan public sector is evident from such an order. I can't spend it with you, if you don't bring me benefits。Then I'm sorry, I can only end up supplying you with oil.

Socialism in Venezuela, a mixture of Castro's Cuban socialism, plus Guevara and the anti-Americanism of the Allied Germans. It's not a simple ideology, ideology.

But according to their thinking, then they will definitely gradually decay。If you don't accept new things, how can this take your country's economy to the next level. And it's a concrete impulsive action.

To put it simply: as long as it's American, it's against it. As long as it is foreign capital, it will be confiscated.

If they continue in this way, it won't be long before their title of "oil power" will be handed over to someone else.

Chávez's 17-year-long populist model of statecraft has reached a dead end, and today's Venezuela is paying for Chávez's crimes.

Venezuela goes from heaven to hell, why are oil-rich countries on the verge of collapse?

Because of the suppression of the United States.

Venezuela has very good oil **, which is the envy of many countries, and it is only because the United States is involved in the competition for oil, and Venezuela does not handle this matter well, so he will collapse frequently!

There are two reasons. The first is that no one buys his oil. The other is the influence of the United States, a great power. As a result, there are goods but they can't go abroad, and the economy is naturally difficult.

Venezuela went from heaven to hell, the country's economy collapsed, and the oil-rich countries had little economic base.

Full nationalization, commodity ** pricing, enterprises are not dynamic. Foreign businessmen fled.

Too far from heaven, too close to the United States.

This is because a decline in oil** can lead to the collapse of the oil state.

Low-end raw material exporters will inevitably be suppressed by upstream enterprise states.

Venezuela, a country rich in beauty and oil. In recent years, Venezuelan oil reserves have reached 296 billion barrels, making it one of the countries with the largest proven oil reserves in the world. Domestic houses are given away for free, gasoline is used for nothing, and beauties are like clouds.

However, it is such a country that is now poor only with beautiful women. The main culprits in the change of the economy from heaven to hell are oil and the dollar.

Venezuela may be the worst-performing economy in the world today. Venezuela has the highest inflation rate of 180% in the world, and hyperinflation has made the average Venezuelan paper towel more than small denomination banknotes. Some merchants simply wrap items in small denomination notes.

This is precisely due to the continued restrictions on the Venezuelan economy by the United States, which led to a 32% increase in oil exports in 2019 and a serious contraction in fiscal revenues, according to the U.S. Department of the Treasury, Venezuela lost $11 billion in oil revenues during this period, and put the economy in a state of free fall.

Venezuela, which was once vibrant, is in its current economic predicament, which can be said to be "oil in success and oil in failure". The cost of oil extraction in Venezuela is much higher than that of countries in the Middle East, resulting in a sharp decline in Venezuela's income and economic recession. So at the time of the economic crisis in 2014, the entire international oil ** fell like an avalanche, and Venezuela even lost money for every barrel of oil extracted, so for the economy of Venezuela at that time, this blow was equivalent to directly interrupting the economic lifeline of the entire Venezuela.

The most important reason is that Venezuela's industrial structure is too homogeneous and does not have the ability to resist the economic crisis. Once the oil collapses, the dollar is behind the ghost, and under the influence of these two major culprits, Venezuela's economy quickly turns from heaven to hell.

Venezuela's Minister of Commerce, Ekrondó, restricted Venezuela from engaging in international **, resulting in Venezuela not being able to keep up with the trend of internationalization, and the economy was in recession.

The economy has gone from heaven to hell, and this is also an experience of Venezuela's economy, because it is overly dependent on energy development, so that its own technology industry has not been better built, so the current inflation has formed.

At present, Venezuela's total economy is **20%, and it has shrunk for 6 consecutive years, oil and the dollar may be the two main culprits of Venezuela's economy from rich to poor, from heaven to hell, in these contexts, Venezuela is seeking economic reform and seeking a new direction for its own oil, is seeking economic reform.

On the one hand, the intervention of foreign forces has led to the increasingly unbearable economy of this place, and on the other hand, it is the inaction of local leaders.

It was the United States that brought down Venezuela's economy, because Venezuela is an anti-American country, so the United States imposed economic sanctions on it.

With the world's largest oil reserves, Venezuela has always been the largest oil producer and exporter in Latin America, and in 1976 Venezuela was already a rich country in Latin America, when Venezuela's per capita income was equivalent to 10,000 US dollars today, much wider than most countries in the world.

In fact, that is to say, countries with rich oil resources, because the oil industry makes money the easiest and fastest, so ** and the private sector also like to invest capital in the oil production industry - the final result is that once the oil ** is in a long-term downturn, these countries will become poor countries. Typical countries are Russia and Venezuela, so it is not a good thing for the economy to be overly dependent on resources such as oil.

As for the US sanctions against Venezuela, it can only be said that they have worsened the situation, but it is not the main reason.