Venezuela owing a mountain of debt to China?

 The western narrative, Venezuela owing China US$60 billion that it can never pay back. And China is hooking Venezuela onto this debt trap and squeezing Venezuela for concessions and natural resources like oil and minerals. Anyone not informed of the truth would simply swallow this lie and thinking China is exploiting Venezuela and bullying Venezuela. China is the bad guy! Really?

Is this the truth? For more than 15 years, the rogue regime in Washington have done all kinds of evil acts to strangle the Venezuelan economy, to bankrupt it like Cuba or Russia. With more than 900 sanctions and all kinds of embargoes, blocked from the SWIFT financial system, Venezuela is as good as being cut off from the international trade. As the country with the biggest oil reserves in the world, producing more than 10 million barrels of oil daily, the production has been reduced to only a few hundred thousand barrels a day. The Americans have withdrawn all its oil production crew, stop pumping oil from the wells used to be controlled by the Americans. The sanctions have frightened away all buyers of Venezuelan oil. The Venezuelan economy was broken. There were Venezuelans dying of starvation and food shortages because of the blockade by the American terrorists. From a relatively rich country, Venezuela was broke. Venezuela was isolated to be crushed by the Americans. Cannot trade with the rest of the world like Cuba and Russia. 

This is the work of the evil American Empire against Venezuela, including coups, assassination attempts, robbing of Venezuelan gold reserves in UK banks, blockades, threats of invasion.

Venezuela has no buyers for its oil and produces, and no money to buy food for its people. The Americans wanted to starve the Venezuelans and push them to rebel against the Maduro govt, putting all the blames on Maduro as incompetent and even corrupt dictator. With the American terrorists terrorising everyone, no one dares to trade with Venezuela. China came in when no one dares. China defies the American threats and sanctions and sell whatever Venezuela needs for its people. But Venezuela has no money to pay. China offers to buy its oil, in defiance of the Americans. China buys as much as 90% of Venezuela's oil exports and other produces. 

What China did is shocking to the Americans and the world. China pays Venezuela in advance, all US$60 billion to kick start the Venezuelan economy. The US$60 billion is NOT debt, not debt trap. It is money for survival, money that China paid for Venezuelan oil and goods. And Venezuela can repay this with oil and other goods by instalments to China. With the biggest oil reserves in the world, Venezuela has all the means to pay back whatever it owes to China, or whatever China pays in advance. China is giving a lifeline to Venezuela, not a debt trap, to survive from the oppression and sanctions by the Americans.

Venezuela can be a very rich nation if it is able to sell its oil freely to the whole world. But the American terrorists have blocked this path, now with a full blockade of oil tankers in and out of Venezuela. But no worry, China will continue to buy Venezuelan oil, China will continue to invest in Venezuela, help Venezuela to pump its oil, to build infrastructure, to rebuild its economy and feed the Venezuelans.

China did not stop at these. China is helping to build up Venezuela's defence capability by selling it the needed military weapons to defend itself. Russia and Iran and many other countries are also selling weapons to Venezuela to take on the American military threat, threat of an invasion, threat of a regime change, threat of assassinating Maduro.

The American lied about debt trap and Venezuela being unable to pay its debt are the cruel narratives and lies of the American terrorists. Venezuela is surviving the harsh sanctions of the American terrorists and recovering very well and growing its economy. Its people now have enough to eat and not dying from starvation imposed by the rogue regime in Washington.

Venezuela, like all Latin American and African states have a lot of natural resources to sell, to export for revenue to develop their countries, if not because of the cruel and oppressive sanctions of the evil American Empire. All Central and Latin American states are rising in rebellion against the evil American Empire.

China is paying in advance for Venezuelan oil. Only China will do this, US$60 billion, in defiance of the evil American Empire.