Hugo Chavez recognized the economy of the United States bankrupt

Venezuela President Hugo Chavez believes that the American economy went bankrupt. “I do not advise anyone to invest in the United States, because this country is economically defeated,” he said, speaking at the presidential palace.

According to Prime-Tass, in evidence of his words, Chavez, leading Venezuela along the path of construction of "Bolivarian socialism of the 21st century", cited the data of the Canadian consulting company Global Research about the growth of unemployment and state debt of the United States.

According to the president, the US public debt is 90%, and the accounts payable of this country are 370% of GDP. According to the Venezuela leader, the policy of Barack Obama and his predecessor as President George Bush, who "protect the interests of the rich" in the context of economic difficulties, led to this state of affairs.

In Venezuela, on the contrary, the government during the banking crisis of the last year sided with the "small and medium depositors", taking their losses, Chavez noted. “The socialist government differs from the capitalist,” he believes.

The head of the government complained that the Venezuelan media hide the scale of the crisis in Europe and the United States: “They say that we are destroying Venezuela. Someone has no shamelessness to claim that the number of poor people are growing in Venezuela. Poverty has reached a peak in our country in 1976 - 70%, today it does not exceed 24.2%,” leds the Chavez to the Ministry of Information. Venezuela.

Chavez admitted that Venezuela's GDP fell by 5.8%, but "unemployment was reduced." "If Venezuela rules capitalism, the fall of GDP would be much larger and millions of workers would be thrown out into the street," he believes.

The President of Venezuela jokingly offered financial assistance to US President Barack Obama, but immediately doubted that Obama would want to accept her from the PSUV socialist party, which is headed by Chavez.