Over its 65-year history, the Castro dictatorship has been kept afloat by taxpayer money sent by governments abroad. However, Americans have been saved from having to fund a murderous communist dictatorship, and they have the U.S. embargo on the Cuban regime to thank for that. Remember that the next time someone tells you the embargo hasn’t worked.
Via the Center for a FREE Cuba:
Millions of taxpayers around the world have bailed out the Castro regime, but thanks to the US embargo on Cuba, none of them are Americans
Cuba scholar Jaime Suchlicki at the Cuban Studies Institute on April 10, 2023 published an important analysis titled “The Folly of Investing in Cuba” that outlines a number of pitfalls both economic and moral to doing business with the Castro dictatorship that is a must read.
Existing U.S. sanctions have protected American taxpayers from having to shell out billions of dollars to subsidize the Castro dictatorship.
Others have not had the benefit of this policy.
On November 1, 2013 the government of Mexico announced that it was ready to waive 70 percent of a debt worth nearly $500 million that Cuba owes it. The former president of Mexico Vicente Fox protested the move stating: “Let the Cubans get to work and generate their own money…They’re normally like chupacabras. The only thing they’re looking for is someone to give them money for free.”
In December 2015 it was announced that Spain would forgive $1.7 billion that the Castro regime owes it.
The 2015 debt restructuring accord between Cuba and the Paris Club, according to Reuters, “forgave $8.5 billion of $11.1 billion, representing debt Cuba defaulted on in 1986, plus charges.”
The 19-member Paris Club comprises Australia, Austria, Belgium, Canada, Denmark, Finland, France, Britain, Italy, Japan, the Netherlands, Spain, Sweden and Switzerland is owed money by Cuba Companies, with the exception of U.S. companies, doing business with Cuba when they are not paid pass the costs off to their respective governments, who in turn pass the costs off to taxpayers.
This is something to consider when the Agricultural lobby and the U.S. Chamber of Commerce argue that U.S. laws should be changed and the United States should join the long line of governments seeking to collect from the Castro regime, a deadbeat dictatorship.
Continue reading HERE.
It may be an idée fixe, but I can’t get over these bastards running around in soldier costumes for ages, as if they had ever been real military, when they were only cosplaying even during their “insurgent” phase. It’s not so much the ludicrous and cheesy fakeness of it, but that practically the whole world bought into it.