Real Time Socialist Train Wreck (again) Happening Now in Venezuela

[Bit_Happy]

....
http://news.yahoo.com/blackout-hits-venezuela-interrupts-presidential-broadcast-204030360.html

Bitcoin can help Venezuela, but only if they can keep the power flowing.
Time to add solar panels?

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[bryant.coleman]

I don't understand. Venezuela produces 2.5 million barrels of crude a day (913 million bbl / yr). It exports some 620 million barrels, equivalent to some $65 billion. Where is all this money vanishing to?

[Wilikon]

I don't understand. Venezuela produces 2.5 million barrels of crude a day (913 million bbl / yr). It exports some 620 million barrels, equivalent to some $65 billion. Where is all this money vanishing to?

Any remote possibilities the title of this very thread includes some kind of a clue to an answer? 

[Mike Christ]

I don't understand. Venezuela produces 2.5 million barrels of crude a day (913 million bbl / yr). It exports some 620 million barrels, equivalent to some $65 billion. Where is all this money vanishing to?

https://mises.org/books/socialism/contents.aspx

[stompix]

I don't understand. Venezuela produces 2.5 million barrels of crude a day (913 million bbl / yr). It exports some 620 million barrels, equivalent to some $65 billion. Where is all this money vanishing to?

Any remote possibilities the title of this very thread includes some kind of a clue to an answer? 

This is no more a trainwreck is more like a landslide.
At least their trade deficit might go down now that every Venezuelan has a plasma TV.

Too bad they can't use those without power:
http://www.local10.com/news/much-of-venezuela-goes-dark-after-blackout/26728910

[Wilikon]

I don't understand. Venezuela produces 2.5 million barrels of crude a day (913 million bbl / yr). It exports some 620 million barrels, equivalent to some $65 billion. Where is all this money vanishing to?

Any remote possibilities the title of this very thread includes some kind of a clue to an answer? 

This is no more a trainwreck is more like a landslide.
At least their trade deficit might go down now that every Venezuelan has a plasma TV.

Too bad they can't use those without power:
http://www.local10.com/news/much-of-venezuela-goes-dark-after-blackout/26728910

If only those Plasma TVs were produced locally by Venezuelan companies, with Venezuelan engineers. But hey! As long as they keep "producing" those amazing looking Miss Universe winners...

[stompix]

I don't understand. Venezuela produces 2.5 million barrels of crude a day (913 million bbl / yr). It exports some 620 million barrels, equivalent to some $65 billion. Where is all this money vanishing to?

Any remote possibilities the title of this very thread includes some kind of a clue to an answer? 

This is no more a trainwreck is more like a landslide.
At least their trade deficit might go down now that every Venezuelan has a plasma TV.

Too bad they can't use those without power:
http://www.local10.com/news/much-of-venezuela-goes-dark-after-blackout/26728910

If only those Plasma TVs were produced locally by Venezuelan companies, with Venezuelan engineers. But hey! As long as they keep "producing" those amazing looking Miss Universe winners...

Why keep "producing" those girls....
To end up killed by bandits in front of their daughters?

[Wilikon]

I don't understand. Venezuela produces 2.5 million barrels of crude a day (913 million bbl / yr). It exports some 620 million barrels, equivalent to some $65 billion. Where is all this money vanishing to?

Any remote possibilities the title of this very thread includes some kind of a clue to an answer? 

This is no more a trainwreck is more like a landslide.
At least their trade deficit might go down now that every Venezuelan has a plasma TV.

Too bad they can't use those without power:
http://www.local10.com/news/much-of-venezuela-goes-dark-after-blackout/26728910

If only those Plasma TVs were produced locally by Venezuelan companies, with Venezuelan engineers. But hey! As long as they keep "producing" those amazing looking Miss Universe winners...

Why keep "producing" those girls....
To end up killed by bandits in front of their daughters?

It does not matter. They can always produce more of them.

[shogdite]

http://www.theguardian.com/world/2014/apr/08/venezuela-protests-sign-us-wants-oil-says-nicolas-maduro



Venezuela's president has accused the US of using continuing street protests to attempt a "slow-motion" Ukraine-style coup against his government and "get their hands on Venezuelan oil".

"They try to increase economic problems through an economic war to cut the supplies of basic goods and boost an artificial inflation", Maduro said. "To create social discontent and violence, to portray a country in flames, which could lead them to justify international isolation and even foreign intervention."

Maduro's allegations follow last week's revelation that USAid covertly funded a social media website to foment political unrest and encourage "flash mobs" in Venezuela's ally Cuba under the cover of "development assistance".

Pointing to the large increases in social provision and reduction in inequality over the past decade and a half, Maduro said: "When I was a union leader there wasn't a single programme to protect the education, health, housing and salaries of the workers. It was the reign of savage capitalism. Today in Venezuela, the working class is in power: it's the country where the rich protest and the poor celebrate their social wellbeing".

[Wilikon]

http://www.theguardian.com/world/2014/apr/08/venezuela-protests-sign-us-wants-oil-says-nicolas-maduro



Venezuela's president has accused the US of using continuing street protests to attempt a "slow-motion" Ukraine-style coup against his government and "get their hands on Venezuelan oil".

"They try to increase economic problems through an economic war to cut the supplies of basic goods and boost an artificial inflation", Maduro said. "To create social discontent and violence, to portray a country in flames, which could lead them to justify international isolation and even foreign intervention."

Maduro's allegations follow last week's revelation that USAid covertly funded a social media website to foment political unrest and encourage "flash mobs" in Venezuela's ally Cuba under the cover of "development assistance".

Pointing to the large increases in social provision and reduction in inequality over the past decade and a half, Maduro said: "When I was a union leader there wasn't a single programme to protect the education, health, housing and salaries of the workers. It was the reign of savage capitalism. Today in Venezuela, the working class is in power: it's the country where the rich protest and the poor celebrate their social wellbeing".

http://en.wikipedia.org/wiki/Occam%27s_razor

[stompix]

http://www.theguardian.com/world/2014/apr/08/venezuela-protests-sign-us-wants-oil-says-nicolas-maduro



Venezuela's president has accused the US of using continuing street protests to attempt a "slow-motion" Ukraine-style coup against his government and "get their hands on Venezuelan oil".

"They try to increase economic problems through an economic war to cut the supplies of basic goods and boost an artificial inflation", Maduro said. "To create social discontent and violence, to portray a country in flames, which could lead them to justify international isolation and even foreign intervention."

Maduro's allegations follow last week's revelation that USAid covertly funded a social media website to foment political unrest and encourage "flash mobs" in Venezuela's ally Cuba under the cover of "development assistance".

Pointing to the large increases in social provision and reduction in inequality over the past decade and a half, Maduro said: "When I was a union leader there wasn't a single programme to protect the education, health, housing and salaries of the workers. It was the reign of savage capitalism. Today in Venezuela, the working class is in power: it's the country where the rich protest and the poor celebrate their social wellbeing".

I'm property sure it's the rich who drive their Mercedes to the end of the queue for milk out of town and protest that they can't get two kilos of sugar at once.

[practicaldreamer]

Sorry, Venezuela haters: this economy is not the Greece of Latin America

I do realise that I am just copy/pasting arbitrary links here and so committing the error that I had previously in this thread criticised - but when in Rome ... etc

   Just trying to create a bit of balance I suppose, in mitigation. Cos lets face it, the US propoganda/hegemony creation machine's next thing will be volunteering to help save the Venezuelans from saving themselves (by whatever means necessary  )

 $20 per barrel - jesus christ 

[keyscore44]

Yeah the US gov and their corporate overlords are getting jealous of Venezuela spending their oil profits on lifting millions out of poverty rather than increasing the profit margins of some greedy US oil corporations.

Venezuela has even been helping poor americans (though you wont hear about it on Fox News )

http://readersupportednews.org/news-section2/324-100/15947-venezuela-donates-free-heating-oil-to-100k-needy-us-households

"The CITGO-Venezuela Heating Oil Program has helped more than 1.7 million Americans in 25 states and the District of Columbia keep warm since it was launched back in 2005. The program is a partnership between the Venezuelan state oil company Petróleos de Venezuela, S.A. (PDVSA), its subsidiary CITGO and Citizens Energy Corporation, a nonprofit organization founded by former US Rep. Joseph P. Kennedy II that provides discounted and free home heating services and supplies to needy households in the United States and abroad".

[DrG]

Maybe Obama needs to fly down there and give Maduro a little kiss on the lips (I hear it helps sell sweaters).

Ever since they nationalized the grid the quality of life has gone down over there.  Coffee costs more per gallon than gasoline.  What good is having cheap power if you can't find enough food to live.

[niothor]

Sorry, Venezuela haters: this economy is not the Greece of Latin America

I do realise that I am just copy/pasting arbitrary links here and so committing the error that I had previously in this thread criticised - but when in Rome ... etc

   Just trying to create a bit of balance I suppose, in mitigation. Cos lets face it, the US propoganda/hegemony creation machine's next thing will be volunteering to help save the Venezuelans from saving themselves (by whatever means necessary  )

 $20 per barrel - jesus christ 

The problem is this:

But how can a government with more than $90bn in oil revenue end up with a balance-of-payments crisis? Well, the answer is: it can't, and won't. In 2012 Venezuela had $93.6bn in oil revenues, and total imports in the economy were $59.3bn

Although it may look good right now , if the oil prices go down like it happened in 85 and 86 Venezuela will go down like the soviet union but in a much uglier way.

[Wilikon]

http://www.upi.com/Top_News/2014/09/02/Venezuelas-Socialist-Party-unveils-new-prayer-Our-Chavez-who-art-in-heaven/6101409672908/

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[bryant.coleman]

The subsidies on food and gasoline has gone out of control in Venezuela. Basic items in Venezuela costs only around 1/10th of what it costs in the neighboring Colombia. As a result, there is massive smuggling and heavy revenue loss to the government. Unless the Venezuelan government finds a way to prevent this, the government funds will continue getting drained.

[Wilikon]

The subsidies on food and gasoline has gone out of control in Venezuela. Basic items in Venezuela costs only around 1/10th of what it costs in the neighboring Colombia. As a result, there is massive smuggling and heavy revenue loss to the government. Unless the Venezuelan government finds a way to prevent this, the government funds will continue getting drained.

... A.K.A. Socialism 101 

[Honeypot]

At least capitalists tell you they are after profit.

Socialists are the biggest liars and self serving fools on the face of the planet.

[practicaldreamer]

Socialists are the biggest liars and self serving fools on the face of the planet.

Wise words there, from the venerated member Pisspot