This is absolutely insane!
Venezuela currently has 303 billion barrels of crude oil reserves, which Trump says the US now controls.
Oil prices are trading at ~$57/barrel, making Venezuela's total reserves worth $17.3 TRILLION.
Even if the US sells this oil for HALF of the market rate, that's still $8.7 TRILLION.
In other words, in 12 hours, the US has gained control of oil reserves worth more than the entire GDP of ALL countries in the world, aside from the US and China.
That's 4 TIMES larger than the GDP of Japan.
Most people do not realize how much the world just changed.
Oil markets will react to this news for the first time on Sunday at 6 PM ET.
π₯« t.me/FinancialWorldUpdates
Venezuela currently has 303 billion barrels of crude oil reserves, which Trump says the US now controls.
Oil prices are trading at ~$57/barrel, making Venezuela's total reserves worth $17.3 TRILLION.
Even if the US sells this oil for HALF of the market rate, that's still $8.7 TRILLION.
In other words, in 12 hours, the US has gained control of oil reserves worth more than the entire GDP of ALL countries in the world, aside from the US and China.
That's 4 TIMES larger than the GDP of Japan.
Most people do not realize how much the world just changed.
Oil markets will react to this news for the first time on Sunday at 6 PM ET.
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JUST IN: π¨π³πΊπΈ China calls for the United States to release NicolΓ‘s Maduro.
π₯« t.me/FinancialWorldUpdates
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π¨ Major economic events next week:
π
Jan 5 (Monday)
π
Jan 7 (Wednesday)
π
Jan 8 (Thursday)
π Jan 9 (Friday)
π₯« t.me/FinancialWorldUpdates
β’ 8:30 PM IST: US ISM Manufacturing PMI (Dec)
β’ 11:30 AM IST: India Annual GDP Estimate
β’ 3:30 PM IST: Eurozone Inflation (CPI) Flash
β’ 6:45 PM IST: US ADP Private Payrolls
β’ 8:30 PM IST: US ISM Services PMI
β’ 7:00 PM IST: US Initial Jobless Claims
π Jan 9 (Friday)
β’ 7:00 PM IST: US Non-Farm Payrolls (NFP)ο»Ώ
β’ 7:00 PM IST: US Unemployment Rate (Dec)
β’ Chinaβs Inflation Data
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Forwarded from POLITICS | FINANCE | WAR | GEOPOLITICS | NEWS
President NicolΓ‘s Maduro was captured after a late-December deal to send him into exile in Turkey collapsed, according to NYT.
The proposal would have allowed him to leave Venezuela in exchange for oil-related concessions, but Maduro rejected it.
After the talks failed, Operation Absolute Resolve went ahead, resulting in his arrest and transfer to New York for trial.
@PoliticFinance
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Forwarded from POLITICS | FINANCE | WAR | GEOPOLITICS | NEWS
President Trump has sent a warning to the governments of Mexico, Cuba and Colombia that their countries could be next, per Axios.
@PoliticFinance
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GDP per capita:
2012
π»πͺ Venezuela: $12,690
2025
π»πͺ Venezuela: $3,100
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Jeff Bezos' Blue Origin now accepts Ethereum for trips to space, per report.
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π¨π³ China says its interests in Venezuela's oil exports will be protected by law.
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OIL prices are dropping hard today.
Crude Oil has almost dumped to a 4-year low today.
The markets know that a huge supply is about to enter after the US takes over Venezuela oil supply.
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πΉπ· The Turkish lira has weakened to a new all-time low, trading at approximately 43 TRY per USD.
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π―π΅ Japan's Minister of Finance says she supports integrating crypto into the finance system.
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Nike sells out the tracksuit worn by Maduro at the moment he was captured by the U.S.
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Market Overview
SPX: $6858
NASDAQ: $23235
DXY: $98
Gold: $4418
Silver: $74
Bitcoin: $92797
π₯« t.me/FinancialWorldUpdates
SPX: $6858
NASDAQ: $23235
DXY: $98
Gold: $4418
Silver: $74
Bitcoin: $92797
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