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The best thing that the United States government could do with regard to Venezuela, regardless of political outcomes there, would be to end its intervention there.
Washington has caused enormous damage to Venezuela in its relentless pursuit of “regime change” for the last 15 years. In March, President Obama once again absurdly declared Venezuela to be an “unusual and extraordinary threat to the national security and foreign policy of the United States,” and extended economic sanctions against the country.
Although the sanctions themselves are narrow, they have a considerable impact on investment decisions, as investors know what often happens to countries that Washington targets as an unusual and extraordinary threat to U.S. national security. The sanctions, as well as pressure from the U.S. government, helped convince major financial institutions not to make otherwise low-risk loans, collateralized by gold, to the Venezuelan government.
