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Bloomberg - Nicolás Maduro

Bloomberg Promotes Socialist Propaganda and False Claims about Venezuela in Latest Pro-Maduro Article

Is not surprising that Bloomberg’s article is aimed at benefiting Nicolás Maduro who, like all tyrants, does not usually offer free interviews

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Bloomberg interviewed the tyrant Nicolás Maduro at the Miraflores presidential palace in Caracas, Venezuela–an interview that from beginning to end evidenced complacency before the man who has masterminded assassinations and plunged Venezuela into an unprecedented humanitarian crisis.

Beyond the docile interview to a dictator who usurps the Presidency of Venezuela, there is the despicable article entitled: “Maduro asks for foreign investments during an exclusive interview”; writing by journalists Erik Schatzker, Patricia Laya, and Alex Vasquez, who speak of “Yankee imperialism” and affirm that Maduro “has allowed the circulation of dollars and private enterprise to flourish”.

It is not surprising that Bloomberg’s writing is aimed at benefiting and glorifying Nicolás Maduro; like all tyrants, he is a man who does not usually give free interviews, so if he does so, he would ensure that what is written therein is propaganda and not journalism.

We must remember in 2019 when Maduro held journalist Jorge Ramos in Miraflores for not being compliant in an interview that was also exclusive.

In the interview, Maduro affirms what he has assured for years: that the United States leads an “irrational, extremist and cruel oppression”.

“If Venezuela has a bad image, it is because of a highly funded campaign to demonize it and its socialist government,” the article says.

Bloomberg did not ask Maduro how it is that before the U.S. sanctions, Venezuelan refineries –which are in the hands of the regime — were working at 20% of their capacity. Nor did they ask him how it is that before the sanctions, price controls, exchange controls and punitive regulations such as the Organic Labor Law led to the closure of hundreds of thousands of companies and the expulsion of transnational companies

Bloomberg also forgot to investigate and mention that before Maduro, Hugo Chávez already spoke of “economic war” blaming third parties for his own erroneous economic policies.

“But among his denunciations against U.S. imperialism, Maduro, who has allowed dollars to circulate and private enterprise to flourish, now makes a public statement that takes direct aim at Joe Biden. What is the message? It’s time to compromise,” the Bloomberg article quotes.

The article states, in a sympathetic tone, that Maduro “has allowed the circulation of dollars” as if there were still no exchange control. In the South American country, the laws establish that the only currency of national circulation is the sovereign bolivar, and in fact, forced by the dynamics generated by the shortage of wealth, he allowed Venezuelans to open accounts in dollars with many restrictions, to the point that international transactions are forbidden.

Furthermore, the minimum wage in the country is established in bolivars, being approximately $2 per month in a nation where the basic food basket exceeds $300 per month.

Another propagandist statement made by Bloomberg journalists is that Maduro has “allowed private enterprise to flourish”; an assertion that is not true, since the economic policies implemented by him and his predecessor Hugo Chávez, forced the closing of more than half a million companies.

For the most part, Exchange and price controls, labor laws, expropriations and threats are the reasons why the industrial sector is turning into a business cemetery. In addition to the above, there are the difficulties that the merchants have to replenish their inventories, which with the passing of the hours run the risk of lowering the sales windows.

If according to the media, private companies are growing, why not ask how is it that the state-owned companies, most of which are expropriated, are today in ruins.

Currently, Maduro allows the illegal circulation of the dollar because international sanctions prevented him from mobilizing foreign currency, the tyrant was forced to open the national market to somehow allow the dirty money of corruption, drug trafficking, and money laundering to circulate.

Bloomberg did not dare to delve into the issue of the origin of the funds of those companies that today risk investing in Venezuela.

While this is happening, neither did they ask Maduro about the more than five million Venezuelans who left the country fleeing the humanitarian, health, and economic crisis. These are millions of people in exile seeking refuge and quality of life.

In short, Bloomberg complacently complies with all the statements given by the dictator without daring to generate answers other than the traditional slogans of socialism that seek to justify the disaster that has occurred in Venezuela.

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