Venezuela's sending its gold reserves to Iran: This is where socialism

Source: New York Post - View Original Article
Published: May 04, 2020
Category:
Bias Rating:

68% Liberal


Bias Score Calculation:


Policies:

Iran

Sentiments

90% "For decades, Venezuela's oil industry thrived.""
78% "It's come to this: Venezuelan dictator Nicolás Maduro is now sending a good chunk of the nation's gold to Iran in exchange for help ..."
72% "Nor is oil the only industry in collapse: Reliable electricity, health care and even food are increasingly rare in Venezuela thanks to the Chávez-Maduro ..."
59% "That's the anti-utopia that progressives' policies actually deliver.""
52% "But now those economics are forcing Maduro to loot his country's last reserves to buy help from a pack of theocratic terrorists.""
-52% "That leaves the crisis-plagued nation with a scant $6.2 billion in hard-currency assets, the lowest amount in three decades.""
-53% "As a result, everything's breaking down and output has crashed -- even as global oil prices have also collapsed during the pandemic, further squeezing ..."

We have listed the top 10 sentiments. More sentiments do exist. Please review the full article for more information.



*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization

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Contributing sentiments towards policy:

90% : For decades, Venezuela's oil industry thrived.
78% : It's come to this: Venezuelan dictator Nicolás Maduro is now sending a good chunk of the nation's gold to Iran in exchange for help propping up the decrepit oil industry.
72% : At least nine tons of gold, worth about $500 million, flew off to Iran last month, government officials told Bloomberg News.
72% : But under Maduro and his predecessor, Hugo Chávez, the government took over -- and began milking it for fast cash while firing expert workers and managers and slashing spending on maintenance, repairs and other vital capital investment.
72% : Nor is oil the only industry in collapse: Reliable electricity, health care and even food are increasingly rare in Venezuela thanks to the Chávez-Maduro regime's "Bolivarian socialism."
59% : That's the anti-utopia that progressives' policies actually deliver.
52% : Because Maduro won't allow safe private investment, he has to turn to his "allies" in Tehran -- except the regime there insists on hard payment for its expertise.
52% : But now those economics are forcing Maduro to loot his country's last reserves to buy help from a pack of theocratic terrorists.
48% : That leaves the crisis-plagued nation with a scant $6.2 billion in hard-currency assets, the lowest amount in three decades.
47% : As a result, everything's breaking down and output has crashed -- even as global oil prices have also collapsed during the pandemic, further squeezing revenues.
44% : For years, Sen. Bernie Sanders and lefties around the globe cheered the Chávez-Maduro socialist approach to industry and the economy.
19% : No honor among thieves, y'know.

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization

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