22 Replies to “How Did Things Go Bad In Venezuela?”
This is something that needs to be made very clear to anyone and everyone you know. People seem to think that somehow it would take generations to fall off a cliff. Absolutely not. This will be CANADA, and I think is the actual plan for CANADA
….but, but, but, but Jimmy Carter, the peanut farmer, hired by Chavez and Maduro as an election observer, said that Venezuela had free and fair elections.
In 1971 before he became president, Carter it was reported, sold peanuts full of aflatoxin. Peanuts like that can cause cancer. Carter was a total fraud. My family had a peanut butter factory near Carter’s farm in Georgia so I am quite familiar with this idiot well before he became president. He and his wife were insufferable smug jackasses. It is now 50 years later and they are still smug jackasses.
The 2014 sanctions regime instituted by the U.S. might have something to do with that graph.
Venezuela trades with 200 countries and is sanctioned by one. Sanctions have absolutely nothing to do with the graph.
Same as Cuba. (-:
dizzy, the largest know oil reserve, and you think sanctions, are the problem, that is unDork level stupidity. It’s leftist running the place into the ground that is the problem. If you weren’t so intellectually compromised you would know that, as all except one failed USA major cities are run by lefties. Your comment explains why lefties keep voting for corrupt and incompetent lefty pols
The sanctions started years after the. currency controls, and it took a few years for those to “work their magic”
Venezuela’s only real export is (was?) oil. With the currency controls favored those whom Chavez liked and the state owned companies, everyone else had to pay world price.
When I was there in winter of 2006 the exchange rate was Bs 2.5:1 US $ and a few years later, about Bs 1300:1 US $
Include the dropping (twice) of 3 zeros from the exchange rate, and now it’s over 1 million to 1 US $ compared to the start of Chavez’ Presidency.
The companies that have gone under in Venezuela either weren’t favored by the Chavez gov’t, or couldn’t afford to pay the real price of exchange. If you don’t can’t afford imputs for your business, you don’t need energy to process anything… and of course all those rolling blackouts a few years ago as the gov’t hasn’t done any maintenance on the Guri Dam while the water level had a couple of years under average.
Capitalist countries have droughts too, but Socialism rewards mediocracy.
Geometric problem.
Appoint incompetent cronies to oil company. Take away the foreign exchange oil company needs for spare parts. Oil production goes to, say, half of what it was.
Oil price drops by, say, half.
(The above is directionally true)
Half times half is one quarter. (Does that make it a two-bit dictatorship?)
The problem is geometric my dear Watson.
Let’s see, the President then was… why, you racist bastard!
No it didn’t.
Communism is perfectly capable of ruining any country without any outside interference. Venezuela had and still has the world’s largest oil reserves and they ran out of gasoline.
That takes Trudeau type talent.
Don’t steal from the oil companies that made that country rich.
One need only look at California to see causal relations. California, through Democrat eco-fascism instead of Venezuelan socialism is de-electrifying the state . The main difference is that options exist in California such as hosting the tech capital of the world. Without Silicon Valley and federal welfare, the two failed states would be closer in comparison.
Bad???!!! They’re the true heroes here, having decarbonized their economy in 20 short years!! Congratulations Venezuela!
…except of course for the carbonization of dissidents. 😉
And let’s not assume dizzy dame and UnPerson are different people. It’s common for trolls to post under different names.
Why didn`t things go this badly this quickly in Eastern Europe? Maybe its something to do with the people.
Before or after the wall fell? Before, it was death to report bad news. After, the anchor on the economy had largely be removed. It if hadn’t, then the anchor on honest reporting still in place (so it was death to report bad news).
To when are you referring?
CBC just posted a documentary of Gordon Lightfoot. I listened to the Railway Trilogy and I thought of my childhood in Canada, the pride I took in three generation of men who served in her military, how proud and happy we were when one of my sons married a treaty status woman seeing it as truth and reconciliation in our own family, and above all my pride at being Canadian.
I don’t know where we went wrong, but the feeling’s gone and I just can’t get it back.
You just read my mind…
Justin. Sad. Damn good. A Texan, huge fan of Lightfoot
Can’t jump a jet plane, like you can a freight train..
This is something that needs to be made very clear to anyone and everyone you know. People seem to think that somehow it would take generations to fall off a cliff. Absolutely not. This will be CANADA, and I think is the actual plan for CANADA
….but, but, but, but Jimmy Carter, the peanut farmer, hired by Chavez and Maduro as an election observer, said that Venezuela had free and fair elections.
In 1971 before he became president, Carter it was reported, sold peanuts full of aflatoxin. Peanuts like that can cause cancer. Carter was a total fraud. My family had a peanut butter factory near Carter’s farm in Georgia so I am quite familiar with this idiot well before he became president. He and his wife were insufferable smug jackasses. It is now 50 years later and they are still smug jackasses.
The 2014 sanctions regime instituted by the U.S. might have something to do with that graph.
Venezuela trades with 200 countries and is sanctioned by one. Sanctions have absolutely nothing to do with the graph.
Same as Cuba. (-:
dizzy, the largest know oil reserve, and you think sanctions, are the problem, that is unDork level stupidity. It’s leftist running the place into the ground that is the problem. If you weren’t so intellectually compromised you would know that, as all except one failed USA major cities are run by lefties. Your comment explains why lefties keep voting for corrupt and incompetent lefty pols
The sanctions started years after the. currency controls, and it took a few years for those to “work their magic”
Venezuela’s only real export is (was?) oil. With the currency controls favored those whom Chavez liked and the state owned companies, everyone else had to pay world price.
When I was there in winter of 2006 the exchange rate was Bs 2.5:1 US $ and a few years later, about Bs 1300:1 US $
Include the dropping (twice) of 3 zeros from the exchange rate, and now it’s over 1 million to 1 US $ compared to the start of Chavez’ Presidency.
The companies that have gone under in Venezuela either weren’t favored by the Chavez gov’t, or couldn’t afford to pay the real price of exchange. If you don’t can’t afford imputs for your business, you don’t need energy to process anything… and of course all those rolling blackouts a few years ago as the gov’t hasn’t done any maintenance on the Guri Dam while the water level had a couple of years under average.
https://dialogochino.net/en/climate-energy/32577-venezuelas-electricity-emergency-swallows-up-tens-of-millions-of-dollars/
Capitalist countries have droughts too, but Socialism rewards mediocracy.
Geometric problem.
Appoint incompetent cronies to oil company. Take away the foreign exchange oil company needs for spare parts. Oil production goes to, say, half of what it was.
Oil price drops by, say, half.
(The above is directionally true)
Half times half is one quarter. (Does that make it a two-bit dictatorship?)
The problem is geometric my dear Watson.
Let’s see, the President then was… why, you racist bastard!
No it didn’t.
Communism is perfectly capable of ruining any country without any outside interference. Venezuela had and still has the world’s largest oil reserves and they ran out of gasoline.
That takes Trudeau type talent.
Don’t steal from the oil companies that made that country rich.
Should add in…
How’d things go bad for Tesla.
https://www.zerohedge.com/markets/three-tesla-models-tested-car-and-driver-were-hampered-quality-problems
Our politicians forcing us into electric cars have really sending us into a bad quality of life in bad, bad technology.
One need only look at California to see causal relations. California, through Democrat eco-fascism instead of Venezuelan socialism is de-electrifying the state . The main difference is that options exist in California such as hosting the tech capital of the world. Without Silicon Valley and federal welfare, the two failed states would be closer in comparison.
Bad???!!! They’re the true heroes here, having decarbonized their economy in 20 short years!! Congratulations Venezuela!
…except of course for the carbonization of dissidents. 😉
And let’s not assume dizzy dame and UnPerson are different people. It’s common for trolls to post under different names.
Why didn`t things go this badly this quickly in Eastern Europe? Maybe its something to do with the people.
Before or after the wall fell? Before, it was death to report bad news. After, the anchor on the economy had largely be removed. It if hadn’t, then the anchor on honest reporting still in place (so it was death to report bad news).
To when are you referring?
CBC just posted a documentary of Gordon Lightfoot. I listened to the Railway Trilogy and I thought of my childhood in Canada, the pride I took in three generation of men who served in her military, how proud and happy we were when one of my sons married a treaty status woman seeing it as truth and reconciliation in our own family, and above all my pride at being Canadian.
I don’t know where we went wrong, but the feeling’s gone and I just can’t get it back.
You just read my mind…
Justin. Sad. Damn good. A Texan, huge fan of Lightfoot
Can’t jump a jet plane, like you can a freight train..
This could go on for “hours” (-: