Goldman Sachs supplying discounted liquidity to Venezuela in signs Venezuela is at the point of bankruptcy

Cornered by liquidity problems, the Venezuela regime of Nicholas Maduro investment bank Goldman Sachs obligations for more than $4 billion that the Dominican Republic owed to Venezuela for oil supplied through Petrocaribe, receiving only 41 percent the total value of debt, according to sources close to the operation.

The transaction would involve a gain of 59 percent for Goldman Sachs, equivalent to $2.36 billion, on payment of $ 1.75 million grant to Venezuela for the obligations in August this year totaled about $4.090 billion.

The financial crisis facing the regime generated great doubts about the country’s ability to continue to support the costs of subsidizing oil economy with Cuba and its other allies.

Zero hedge noted the financial problems for Venezuela