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Chavez Tightening Grip On Venezuela Further
(09-27-2016, 12:20 PM)Palladin Wrote: They're starving to death. I pray for Venezuela. You can be a socialist state and not end up like this, Sweden and the UK did it 40 years.

Those are NOT Socialist States.  They are welfare states, or what is mislabeled as "Social Democracy".  They are more Fascist than anything else, but not Socialist.  They are just failing in a more slower manner.  Prosperity In Scandinavia Is Despite Welfare States, Not Because Of Them

Annnnnd, they are finally learning to step back as they approach the cliff.  For those who are not following them, they are learning that all this welfare statism isn't working.

REMEMBER, Socialism is a political-economic system in which the State "Owns the Means of Production".  Venezuela is a true socialist state.


Here is what one of today's smartest economists has to say about the Euro-Welfare State: The social democratic state is destroying Europe:
Europe's crisis is not one of capitalism but one of social democracy. Leftist economics has made the state so bloated that much of the continent remains mired in stagnation with little prospect of recovery.
.

In spite of the missteps the US is making, it pales in comparison to the Euro-Welfare States.

[Image: Bz79GL1IEAEFAVf.jpg]

And does this tell you something, should you take the time to check it out?

[Image: Hanke-data.jpg]
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"INSIDE EVERY PROGRESSIVE IS A TOTALITARIAN SCREAMING TO GET OUT" - David Horowitz

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Every wonder what a privileged adolescent moron looks like?   Well, here's yet oneTwo more of an ever increasing number, who have made it financially, and haven't got the wisdom to know why they got there, or even why.

[Image: 001_fs_4453_1475620331.jpg_1718483346_cr...483346.jpg]
Jamie Foxx and Lukas Haas with President Nicolas Maduro. | Photo: AVN

Quote:CARACAS, Venezuela (AP) — Actor Jamie Foxx has met with President Nicolas Maduro in Venezuela.

Foxx, who won the Oscar Award for “Ray” in 2004, visited Maduro in the presidential palace in Caracas. State media said Foxx was there to support the country’s socialist revolution and attend the signing of an agreement between Venezuela and its allies for the construction of houses for the poor.

Foxx posed for photos with the deeply-unpopular president of the economically embattled South American country.

In a national address Tuesday, Maduro praised Foxx’s work. Foxx hasn’t commented publicly on what motivated his visit.

Several U.S. celebrities have visited Venezuela to support the country’s socialist revolution over the years, including actors Sean Penn and Danny Glover.

Naturally talk is cheap. After all, chartering a plane, to bring in needed food, and actually putting their money where their mouth is, is entirely different. But hey, ain't Socialism just wonderful? They get to practice their acting skills, look deeply concerned, and then return to their mansion in the "disgusting" US, until the next time Uncle Sam needs a good swift kick. Spiteful
___________________________________________________________________________________________________
"INSIDE EVERY PROGRESSIVE IS A TOTALITARIAN SCREAMING TO GET OUT" - David Horowitz

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And in yet one more Socialist "Heaven-on-earth" Utipia, besides Egypt, there is this one closer to home.

Venezuela congress presses for Maduro trial in rowdy session

Its really going to be interesting to see which comes first: 1) armed insurrection, 2) declaration of Martial law with suspension of constitution, or 3) Maduro actually makes it out of office at the end of his term. S13
___________________________________________________________________________________________________
"INSIDE EVERY PROGRESSIVE IS A TOTALITARIAN SCREAMING TO GET OUT" - David Horowitz

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They're going to just starve out or violently murder their opponents. It's a sad day for Venezuela.
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Sigh, it just keeps getting worse, thanks to Socialism's Utopia On Earth.  From the NYT no less.  S18

Hungry Venezuelans Flee in Boats to Escape Economic Collapse

If you will note, the NYTimes does a great job discussing all the personal problems of the fleeing citizens.  And yet, they almost purposefully seem to overlook the very reason why all this is occurring.   They aren't about to blame Collectivism, Socialism in this case, because it would undermine their entire reason for living.  Jeeze!  Gah


If this keeps going on, the ones with enough physical strength, will have left the country, leaving only the sick and weak. This may be part of the strategy in order to weed out the troublemakers, who could overthrow the regime. Whatever the reason, the entire country is sinking below the waves.
___________________________________________________________________________________________________
"INSIDE EVERY PROGRESSIVE IS A TOTALITARIAN SCREAMING TO GET OUT" - David Horowitz

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Meanwhile,.............Venezuela’s PdVSA Misses $404 Million Payments on Bonds: PdVSA now is in technical default, and the firm will have a 30-day grace period to cure the default if it makes the payments

Quote:Petróleos de Venezuela SA missed $404 million in coupon payments on three of its bonds, highlighting the continued struggles of the Venezuelan state oil company.

The company, which is often known as PdVSA, failed to make payments last week on bonds maturing in 2021, 2024 and 2035, according to J.P. Morgan Chase & Co. In a note to clients, J.P. Morgan cited reports from PdVSA’s paying agent Citigroup and Clearstream, a clearinghouse that handles the payments. PdVSA didn’t respond to a request for comment.

PdVSA now is in technical default and will have a 30-day grace period to cure the default if it makes the payments, analysts said.

And for the very audacity of J P Morgan making such a statement, Venezuela President Maduro threatens to sue JPMorgan.  After all, this has nothing to do with Venezuela, or its Nervana laced Socialist system, aye?

Regardless, this is not going to go away: Venezuela’s Currency Just Had the Biggest Monthly Collapse Ever.

The accompanying video is not optimistic about any solution, regardless who assumes control in the future.

Quote:[Image: -1x-1.png]

“Venezuela’s entire economic environment is influencing this phenomenon,” Oliveros said, adding the exchange rate could end the year between 3,500 and 4,000 bolivars per dollar on the black market. “Inflation is going to keep rising, there’s a risk of default, and the political situation is becoming more tense each day. People prefer to protect their money.”

[Image: -1x-1.png]
___________________________________________________________________________________________________
"INSIDE EVERY PROGRESSIVE IS A TOTALITARIAN SCREAMING TO GET OUT" - David Horowitz

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The end if obviously near, and we are at the beginning of that end. When hyperinflation becomes uncontrollable, all it will take is just one tiny puff of wind to blow everything over.

Venezuelan Hyperinflation Means Money No Longer Fits Wallets. Lots of nice links to go along with the article.

[Image: dolar-negro-venezuela.jpg]

But then again, Zimbabwe, once the richest African country before it was taken over by Marxists, is every bit as bad off as Venezuela.

And there are those who really still think that Socialism can work if only applied properly. Talk about living in a different universe. Gah
___________________________________________________________________________________________________
"INSIDE EVERY PROGRESSIVE IS A TOTALITARIAN SCREAMING TO GET OUT" - David Horowitz

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I wonder where all those celebrities and movie stars are hiding when families are in need of having their starving children cared for?  I wonder if any of them have actually gone the extra mile and adopted a Venezuelan child, amidst their many flights to the country in order to support the Utopian Collectivist State of Venezuela?

'It's this, or she goes into prostitution or dies of hunger': The Venezuelan families so poor they are giving away their children or dumping them in RUBBISH BAGS

   

And in typical Collectivist manner, stealing is the order of the day.

Maduro seizes 4 million toys and promises Father 'Nicolas' Christmas will visit all Venezuelan children

Quote:Venezuela president Nicolas Maduro government has seized four million toys on the grounds that their owners were hoarding castles and kiddie cars ahead of Christmas. Now the “Santa Nicolas” government will be giving the toys supposedly to the poor children of the country.

“This is a criminal act because it’s a violation of the rights of children,” said William Contreras, the head of Venezuela's consumer protection commission, on the president’s television show this week. He added that the government would correct the misdeed by handing the toys to pro-government committees “so girls and boys in Venezuela have their toys guaranteed.”

Contreras charged that Kreisel, a long established Venezuelan toy distributor, planned to raise the prices by 24,000%, part of a scheme in which the government said the company was underreporting inventory to sell its merchandise at higher prices. Two Kreisel executives have been arrested, the authorities said.

It was the latest example of President Nicolás Maduro’s government fighting what it calls an “economic war” that it a claim is being waged by business owners.

Hey, it's EVERYBODY'S fault, except theirs.  Typical Collectivist route to either total chaos, or their own removal.  I wonder how much longer it will take before the masses actually rise up and and start using violence against the State?   Gah
___________________________________________________________________________________________________
"INSIDE EVERY PROGRESSIVE IS A TOTALITARIAN SCREAMING TO GET OUT" - David Horowitz

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And to add insult to injury, Venezuela is even excluded from an economic summit conducted by its neighbors.

Venezuela’s Representative Barred From Mercosur Meeting: Brazil, along with Argentina, Uruguay and Paraguay suspended the South American neighbor from the trade bloc at the beginning of December.

Quote:SÃO PAULO, BRAZIL – Despite being informed that a Venezuelan representative would not be able to attend the extraordinary meeting of the Mercosur Council, the country’s representative went to Argentina’s capital, Buenos Aires, and tried forcefully to enter the gathering on Wednesday.

According to Venezuelan officials its country’s representative, Venezuelan Foreign Minister Delcy Rodriguez, was rudely barred from entering the room where the meeting was taking place.

“There is a coup d’état under way at Mercosur, and if they don’t allow us to come in through the door, we will come in through the window. We came to defend the dignity of our people,” a furious Rodriguez told a group of reporters outside the Foreign Ministry’s building.
___________________________________________________________________________________________________
"INSIDE EVERY PROGRESSIVE IS A TOTALITARIAN SCREAMING TO GET OUT" - David Horowitz

Reply
Why would they demand to attend a trade conference ... when they have nothing to actually 'trade'?? Does Venezuela actually export anything anymore ... other than some oil that they use to satisfy their Chinese creditors? I know that they smuggle corporo fish into Columbia ... but that sort of 'trade' is illegal. Do they actually 'trade' anything else? Their exports used to be listed as Aluminum and bauxite, Steel, Chemicals Agricultural products ... seriously, does anyone know if they're still making any of that stuff ... even in teeny, tiny amounts?
"Democracy is the theory that the common people know what they want and deserve to get it good and hard."
-- Henry Mencken
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(12-15-2016, 08:42 PM)mr_yak Wrote: Why would they demand to attend a trade conference ... when they have nothing to actually 'trade'??  Does Venezuela actually export anything anymore ... other than some oil that they use to satisfy their Chinese creditors?  I know that they smuggle corporo fish into Columbia ... but that sort of 'trade' is illegal.  Do they actually 'trade' anything else?  Their exports used to be listed as  Aluminum and bauxite, Steel, Chemicals Agricultural products ... seriously, does anyone know if they're still making any of that stuff ... even in teeny, tiny amounts?

That was my first impression as well Jack. But I guess they felt the need for others to bolster their sense of 'self-importance'. Spiteful
___________________________________________________________________________________________________
"INSIDE EVERY PROGRESSIVE IS A TOTALITARIAN SCREAMING TO GET OUT" - David Horowitz

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Meanwhile, back in the Land of Milk and Honey.........Protests, looting break out in Venezuela amid cash chaos

Quote:Protests and looting broke out in parts of Venezuela on Friday due to a lack of cash after the socialist government suddenly pulled the nation's largest banknote from circulation in the midst of a brutal economic crisis.

Waving the now-worthless 100-bolivar bills, pockets of demonstrators blocked roads, demanded that stores accept the cash and cursed President Nicolas Maduro, witnesses said.

Shops were looted in various places.

Last weekend, Maduro gave Venezuelans three days to ditch the 100-bolivar bills, arguing that the measure was needed to combat mafias on the Colombia border despite warnings from some economists that it risked sparking chaos.

Opposition leaders said the move was further evidence that Maduro is destroying the OPEC nation's economy and must be removed.

Naturally the mafia crooks, who are smuggling currency across the border, are the cause for ruining the currency, so the border with Colombia has to be closed. And now the closing has been extended.

Venezuela Extends Colombia Border Closing for 3 More Days as It Fights Currency Smuggling

Quote:Venezuelan President Nicolás Maduro ordered Thursday an extension of the closure of the border with Colombia and Brazil for 72 more hours to continue cracking down on mafias that commit currency smuggling at the border areas.

From the presidential palace in Caracas, the president indicated that the measure would be communicated to the Colombian government and to the border authorities in Brazil.

And in a rare case of common sense, even the WaPo OpEd agrees that all this lunacy, is a declaration of war on common sense.

Quote:The scale of the conspiracy is staggering: More than 300 million of Venezuela’s highest-denomination bank notes have been ferried out of the country in recent months. Huge stacks of 100-bolivar bills now sit in warehouses throughout Central and Eastern Europe — Poland, Ukraine, Switzerland, Germany, the Czech Republic, Macedonia — all part of a devious plot hatched by the U.S. Treasury Department. Working through local nongovernmental organizations and local mafia syndicates, the plotters have spirited the actual physical banknotes first by land to neighboring Colombia and later by air to Europe in an ambitious bid to overthrow Venezuela’s socialist government by choking off the supply of paper money, setting off chaos and destabilizing the economy. The notes can’t be destroyed because the Americans have offered to pay dollars for them to their proxies, but only once the government has actually been overthrown.

If this story sounds outlandish to you, spare a thought for the people of Venezuela, who sat stunned on Tuesday as the powerful interior minister, Nestor Reverol, announced this bizarre, baseless conspiracy theory as settled fact.

Reverol’s reverie was far from innocent. PowerPoint presentation in hand, he set out his story to justify the government’s cunning plan to short-circuit the threat by removing the 100-bolivar bill from circulation altogether, within 72 hours.

Maduro orders withdrawal of Venezuela's largest banknotes


___________________________________________________________________________________________________
"INSIDE EVERY PROGRESSIVE IS A TOTALITARIAN SCREAMING TO GET OUT" - David Horowitz

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(12-16-2016, 11:41 AM)John L Wrote:
(12-15-2016, 08:42 PM)mr_yak Wrote: Why would they demand to attend a trade conference ... when they have nothing to actually 'trade'??  Does Venezuela actually export anything anymore ... other than some oil that they use to satisfy their Chinese creditors?  I know that they smuggle corporo fish into Columbia ... but that sort of 'trade' is illegal.  Do they actually 'trade' anything else?  Their exports used to be listed as  Aluminum and bauxite, Steel, Chemicals Agricultural products ... seriously, does anyone know if they're still making any of that stuff ... even in teeny, tiny amounts?

That was my first impression as well Jack.  But I guess they felt the need for others to bolster their sense of 'self-importance'.   Spiteful

That appears to be the point.  But how ridiculous can you get?  They just took their most traded denomination of currency out of circulation.  Any of their neighbors that were foolish enough to take bolivars for payment (probably very few) are double screwed.   Instead of getting a steadily declining $0.15 per 100 they'll get nothing.  How can you possibly have trade when your currency, in addition to being total sh*t, actually gets nullified by the government that pretends to be backing it??  I suppose it's theoretically possible, but it's a tough row.  If they don't have foreign currencies available (and their reserves are all but depleted), nobody can really buy anything.  And increasingly they have nothing to sell to get access to foreign currencies.  The only possible trade is the illegal kind that in which the government doesn't get it's cut.  It's probably one of the few things that's preventing mass starvation ... unfortunately, those poor people can't continue selling their family heirlooms, watches and jewelry forever ... because they are running out.  S4
"Democracy is the theory that the common people know what they want and deserve to get it good and hard."
-- Henry Mencken
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(12-16-2016, 09:20 PM)mr_yak Wrote: The only possible trade is the illegal kind that in which the government doesn't get it's cut.  It's probably one of the few things that's preventing mass starvation ... unfortunately, those poor people can't continue selling their family heirlooms, watches and jewelry forever ... because they are running out.  S4

I'm wondering when they are finally going to reach a flash point where enough of them run totally out of patience, and begin a violent revolution against their Collectivist Herd Masters. Surely they have to be running out of patience by now.

And better yet, when is the military going to actually put a halt to all this insanity?
___________________________________________________________________________________________________
"INSIDE EVERY PROGRESSIVE IS A TOTALITARIAN SCREAMING TO GET OUT" - David Horowitz

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And here's how bad things have become.

Condom Prices Surge To $755 A Pack In Venezuela




And in the Grinch Who Stole Christmas scenario, there is this cause for concern for business owners.

Quote:Venezuelan officials have confiscated nearly 4 million toys from a toy distributor, accusing the company of planning to sell them at inflated prices during the Christmas season.

On Saturday, the government initially said it had confiscated 4.8 million toys. It revised the figure Sunday, putting it at 3.821 million.
Critics say the consumer protection agency, which targeted the toy warehouse this week, has become "the Grinch that stole Christmas" because many families won't be able to buy the confiscated toys for the holiday.
Agency head William Contreras disputed that, saying executives at toy distributor Kreisel-Venezuela, the largest of its kind in the country, "don't care about our children's right to have a merry Christmas."

Ain't Socialism just wonderful? S18
___________________________________________________________________________________________________
"INSIDE EVERY PROGRESSIVE IS A TOTALITARIAN SCREAMING TO GET OUT" - David Horowitz

Reply
Here's the latest nail in the coffin.  This was in August and there was much rejoicing.  But Maduro's government has dragged it's feed and reneged again and again.  The latest payment was supposed to be made yesterday.  But they've apparently missed another deadline.  They obviously don't have the cash ...  The upshot is that even the most optimist and foolish lenders won't be touching them under any circumstances.  It's hard to imagine any credit source of last resort.  They're over tapped to the Chinese who have problems of their own.  I suppose Putin might bail them out for sh*ts and grins ... but what's the point? ... there is no long game.  Still .. it seems like it has some sort of Francisco Franco's death flavor to it ... it just dragging on and on and ...
"Democracy is the theory that the common people know what they want and deserve to get it good and hard."
-- Henry Mencken
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You know Jack, it would be a whole lot easier if Maduro was offered an escape package, along with some others, just to step down and vacate the premises, allowing the opposition to take over.  It'd be a lot cheaper and get quicker results.  Maduro could buy himself a nice little place in Spain, or some other Spanish speaking country, and he would be out of the picture,......and still alive as an example of what Not to Do in the future. S22
___________________________________________________________________________________________________
"INSIDE EVERY PROGRESSIVE IS A TOTALITARIAN SCREAMING TO GET OUT" - David Horowitz

Reply
Yak Wrote:They obviously don't have the cash ... The upshot is that even the most optimist and foolish lenders won't be touching them under any circumstances.
They realy hoped that something wonderful would come from these gold mines, and they got nothing and won't get anything before years.

Now, they have a hard choice: Keep the cash for the army or keep it for extracting gold...


head of Venezuela's consumer protection commissio Wrote:the government would correct the misdeed by handing the toys to pro-government committees

JL Wrote:Ain't Socialism just wonderful?
....

when is the military going to actually put a halt to all this insanity?
If you want to know where the military is, just look at this picture. They came to pick some toys for their kids.

[Image: william-contreras.jpg]
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(12-17-2016, 12:13 AM)John L Wrote: You know Jack, it would be a whole lot easier if Maduro was offered an escape package, along with some others, just to step down and vacate the premises, allowing the opposition to take over.  It'd be a lot cheaper and get quicker results.  Maduro could buy himself a nice little place in Spain, or some other Spanish speaking country, and he would be out of the picture,......and still alive as an example of what Not to Do in the future.  S22

You mean like maybe some savvy genius diplomat in the U.S. State Department having an epiphany and engineering a bloodless transition? 

[Image: kerry-is-an-idiot-620x345.jpg]

Naw ... I didn't think so either ...

fred Wrote:Now, they have a hard choice: Keep the cash for the army or keep it for extracting gold...

I doubt that they have enough for either for very long.  Keeping their military happy for as long as possible is probably the best bet.  Capital equipment is much more expensive than arms ... and much, much more expensive than food.  And what sort of idiot would lease them an drill rig that would be at risk of being nationalized anyway?  Not really sure who is calling the shots.  Unlikely it's a high school drop out.  He's probably more of a mascot at this point.
"Democracy is the theory that the common people know what they want and deserve to get it good and hard."
-- Henry Mencken
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...bus driver.
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