RE: The world economy on its knees before the CoronaVirus
Dear @fucho80
Indeed the worst is still ahead of us. One thing I'm very confident is that for many nations and millions of people across the globe - life will look very different once this crisis is over.
As I write this publication, the first cases in Venezuela are confirmed and without fear fear invades me, our fear became reality
Lives of many will change and it may be end of some chapter in human history. Chapter called "globalisation".
ps. I wonder if Maduro will still receive financial support from struggling China. Without their money he won't be able to afford to pay army. So he is stepping on very thin ice and his days may be numbered. That may be good or terrible for Venezuela (power vacuum need to be avoided). Time will tell.
Stay safe my dear friend,
Yours, Piotr
Dear @crypto.piotr, the government is living very difficult days and with them all of us in the country, since many nations do not want to buy our crude oil for fear of sanctions, the government is forced to offer it cheaper to find buyers.
With the drop in the price of oil to $ 25, it is below the cost of production, that is, it begins to produce at a loss.
Time will tell how far we will go.