Bank of England refusing to return 31 tons of gold to Venezuela
(www.zerohedge.com)
🚔 Crime & Corruption 💸
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Venezuela does not have a working oil industry. They depended entirely on US companies to maintain the refinery infra and TX oilfields to provide naptha (their crude is literally cruder than what comes out of the ground elsewhere).
That's why those Iranian ships were so critical- they were carrying parts and naptha.
One of the only bargaining chips they had left on the world stage is that gold- and possibly another 6-7 tons they may have stashed with Russia last year.
In other words: go socialist then go broke.
This is what happens when you play with a put of vipers.