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Why did Venezuela130,000 people go to the United Nations to protest against US sanctions?
When the oil price soared, Venezuela's economic situation was still good, so the Venezuelan government began a high welfare policy for its citizens. When the international oil price fell, Venezuela's domestic economy could not support high welfare, so it could only solve the problem by printing money. As a result, its domestic inflation began to rise. By the end of 20 18, the inflation level in Venezuela had reached "an annual increase of 10,000 times". The quality of life of ordinary people has plummeted and it is miserable.
In addition, the whole country has no other decent industries except oil, and everything has to be imported, even toilet paper. This will inevitably consume a lot of Venezuela's foreign reserves, and the little foreign reserves accumulated in previous years will also be exhausted. After being sanctioned by the United States, Venezuela's foreign reserves are getting less and less. Therefore, Venezuela has entered an era of extreme material shortage.
In the face of US sanctions, Russia, Iran and other countries have not experienced such serious economic problems as Venezuela. Therefore, US sanctions are not the only cause of Venezuela's economic recession, but only the fuse. Visible, only self-reliance, do not rely on others to survive, to achieve sustainable development.
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