Inside the Venezuelan Oil Deal: Politics, Profits, and Skirting the Rule of Law
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Inside the Venezuelan oil deal. I missed it last Thursday. I We talked about the oil sales. The oil deal was at $500 million. I don’t know exactly. And again, was one of Trump’s friends, guy by the name of John Addison. is the guy that got the deal. He donated $6 million to political action committees backing.
Donald Trump’s reelection campaign and he’s the oil trader that’s allowed to sell the oil. Last week, last Thursday, we talked about the oil going to Qatar. And I was, why are they doing that? What’s the matter with the banks in the United States? it went over my head at the time. I missed it. I missed it. I didn’t think about it in the sense that, well, if the oil money goes to an American bank,
then companies that have sued Venezuela for stealing their stuff and won. And there are a lot of companies. There’s a lot of entities out there that have claim that sued Venezuela and our owed money because they’ve won in a court of law. Well, Trump doesn’t want them to get paid back.
he basically when he had all the oil executives together, he basically told me just gonna have to take the loss on that. You’re gonna have to take the loss on that. That is why the money went to Qatar. Because, know, Qatar is not going to allow for you know, any money to be taken based upon any lawsuit if the money went to JP Morgan. It’s going to be a different story.
kind of like hiding money in money laundering, don’t you think?
(02:03.202)
Are we not supposed to follow the rule of law here in the United States? I think we’re supposed to. Again, I was very upset with Barack Obama during the whole auto bailout when he said, hey, no, yeah, creditors out there, know, screw you. And he did.
that he usurped business law and basically stuck it to creditors of the auto companies. Again, these oil companies have claim. They won, they had their assets stolen. My thing is, do you think that they are gonna be happy, happy, joy, joy, excited to go back and do business in Venezuela knowing that this same thing can happen?
Again, very easily. What I find interesting is you find these some, again, they’re paid to say what they’re supposed to say on various different programs saying, well, you know, they’re gonna be able to do business with a friendly government. Friendly government?
It’s the same government. It’s the same government when out in the door. It’s the same people for crying out loud. You don’t think that they can just turn around and take everything again? Of course they can.
Again, what would you do?
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What would you do if you are the executive of an oil company, knowing what we’ve explained to you on the program in regards to the costs, the investment that’s involved, what it might do to the price of oil, not to mention the fact that you are owed money by this country, you won in a court of law, and your president is usurping that.
and having the money sent to a locale where you cannot get what is yours. What would you do?
(04:14.614)
I wouldn’t invest. Watchdogonwallstreet.com.

