Topic: Real Time Socialist Train Wreck (again) Happening Now in Venezuela - page 18. (Read 42657 times)

http://www.bloomberg.com/news/2014-01-08/unforseen-u-s-oil-boom-upends-world-markets-as-drilling-spreads.html

http://www.bloomberg.com/news/2013-10-24/oil-s-5-trillion-permian-boom-threatened-by-70-crude.html

As the OPEC production is destroyed by war and socialism, the oil price averages over $96, the USA domestic production increases.

So let's just let Venezuela continue to follow Hitler's economic model and fall right into the plan of the banksters

Btw, Venezuela's oil infrastructure is falling apart due to lack of capitalistic investments. We will see all the low cost oil production destroyed for the next 20 years and the USA will rise. This is why the majors have been building new refineries and export terminals in for example Louisiana.

You can also see (if you dig for information) that the revolutions in the Middle East (and Chavez) were planted by the elite who run this world. This is all moving forward according to the master plan for world government (with a strong US military and economy controlled by the elite to force these changes on the world) and world currency.

 It turns out that the US is spending $114 to extract a barrel of oil (blame it on shale) - whilst the Venezualans can knock it out at $20 a barrel  

Money = Capital, or didn't you know that?

Hilter achieved similar improvements initially by commandeering resources[/u][/url], but such top-down destruction of the free market always ends disastrously.

With the midwest oil bonanza over the past years, USA is approaching being an oil and natural gas exporter and the largest producer in the world ahead of Russia and Saudi Arabia.

The average Venezuelan eats eat more and better than they did before Chavez took power in 1999.

One of the most applauded achievements of his 14-year rule was to make food affordable through price controls and subsidized grocery stores, a triumph recognized in 2013 by the U.N. Food and Agriculture Organization.

Since 1990, Venezuela achieved a 50 percent reduction in the number of citizens facing hunger, the U.N. said - two years ahead of a global target date for reaching that goal."

considering also that the US is dependent on oil imports for around 40% of its (massive) annual consumption, I'd say that people in glass houses shouldn't throw stones.

Also the comments at the wakeupfromyourslumber.com link on that article are very interesting and in line with my view of how the energy has been suppressed by the cartels.

What we really have going on is always a mix of people trying to fight for freedom and the banksters exploiting human nature to their ends.

Hitler's experimentation into state-socialism failed. We can claim that Germany was more prosperous for a few years by printing its own money, just as we can claim China is more prosperous now by printing its own Yuan and directing it top-down to infrastucture.

But we see how it always ends, because such activity is not economic. The bankers bided their time while Hitler created a social liability, then when the time was right, they used their leverage over oil to force Hitler into aggression, because Hitler had to keep the socialism apparatus funded with cheap energy. Yeah okay we can say that Stalin had threatened Poland, but in reality these states were competing for resources, because they had promised socialism.

It is always the result that social, e.g. universal healthcare, results in war and failure.

We can say that Hitler was fighting the bankers, but he could only win the hearts of the people, by promising them more than the bankers were. So he increased the socialism and misallocation of capital. Remember my recent article, wherein I explained the math that top-down systems always fail.

Of course in the early stages, misallocation via top-down control appears to be prosperous. It is only in the latter stages (e.g. what China is approaching now) where the failure sets in.

Perhaps Hitler's hand was forced sooner than it would have been otherwise, if Germany hadn't been so dependent on external oil. But even if he had oil internally, the socialism would have eventually imploded on him any way.

So I still stick with that universal health care created the mindset that the weak are to blame for not being able to give away for free, that which is not free.

Excellent article! I learned a lot. Hilter was definitely a meglo-manaic, but he thought he had a better way. Of course, socialism is always failure, not matter what the intentions.

Never is top-down spent money the most productive, but it often takes a long time for this to become clear.

In 5 years or less, we can talk about what happened to China after it is proven because they have collapsed.

The vital infrastructure typically is the least wasteful, e.g. the autobahn. But it is more wasteful than what a free market would have done with the same human capital. The politics and type of economy we see today in Germany was molded and shifted course somewhat by those infrastructure in Weimer era. And Germany is a failed state right now (depend on China and PIIGS imports).

This will all be more proven in a few more years.

It is silly for us to argue about it. We will know the outcome in a few years at most. Let's just wait to see.


Agreed, but the healthcare socialism (and its economic failure)
contributed to the development of the mindset for purging the weak.

When we promise healthcare to all, we socially get concerned about the cost of the weak.

It fits into the German psychology that men can improve and perfect the world. The German philosophers all exhibited this trait, and I can even see it in the Germans I meet here, they think they are better than everyone else. And Germans are known to write down an inventory of every item they buy for their household. I remember there was a time in the 1980s (when my WordUp software was published in Germany) when Germans did not want to adopt color computer screens for publishing, because they felt the B&W was more purely focused on the content and the essence of the layout.

I have German blood. I know that is where the perfectionist in me comes from. It is genetic. I have it more so than my father's side of the family, which is Welch and southern French.

I also got this native Cherokee blood, which gives me a bit of emotional and harmony with nature side, like the filipinos.

Hitler was an artist. He was dreaming of a perfect world where the superior race can do art and be prosperous. His dream was not all that far from my dream with an Inverse Commons where we can focus on knowledge creation and art. (software is an art).

The difference I hope is that I am not a megalomania in extremis. If ever I find I am top-down controlling my creation, I am likely to be repulsed and conflicted.


Oh I agree. But they would have ended up a failed state any way, because Hitler fundamentally did not understand nature and economics. Top-down planning always ends up economically failed. Always. And you can try to rationalize that there has never been a test-case without the bankers meddling, but mathematically I am sure that is a strawman or red-herring.

I have explained it in my last two papers:

http://www.coolpage.com/commentary/economic/shelby/Understand%20Everything%20Fundamentally.html

http://www.coolpage.com/commentary/economic/shelby/Demise%20of%20Finance,%20Rise%20of%20Knowledge.html

I don't expect you to agree with me, because you really want to believe that if we could wipe out the bankers, that we could reach some nirvana.

For some reasons, the Germanic cultures think that nirvana is possible with man.

It violates entropy. It is mathematically false. I would have to try to explain this mathematically better than I have. But for now, I have no time to do that.

Erik Verlinde is proving that everything in nature is emergent from entropy:

I find Erik's explanation in the following video makes it easier to understand.

http://www.youtube.com/watch?v=yk_Yy6TqgJs#t=675s


Bill Still of the Money Masters via fame, along with Karl Denninger, are promoting this "if the state can print its own money" school of thought.

The USA did during the Civil War apparently (the notes ended up worthless, but that is besides the point).

Any way, it will fail economically, because it is more top-down management of the economy.

There is no solution about money. And the reason is because money
represents passive capital and not active knowledge.

And thus I work on making knowledge a tradeable fungible unit in the Inverse Commons.



They would wait for the economic failure of top-down money printing, and then they would be right back in business.


The bankers were probably helping him too, because they are smart enough to know that his model was doomed.

It is not as B&W as one might want to think.


Bravo!

Happy we could agree on that!

I was worried you were going to idolized centralized solutions.


Wow. We agree on a lot then.

Karl Denninger and I got in a very nasty argument in email, because he believes government printing its own money is a solution.

http://www.reuters.com/article/2014/01/28/us-venezuela-restaurants-idUSBREA0R0R020140128

Quote - "Venezuela's food shortages are nowhere near as bad as the situation painted by opposition critics, who revel in the idea that government incompetence has created Soviet-style dearth in the country with the world's largest oil reserves.

Restaurants remain packed despite a rise of about 70 percent in the cost of eating out last year and the waiters' mantra: "Sorry, we don't have that."

The average Venezuelan eats eat more and better than they did before Chavez took power in 1999.

One of the most applauded achievements of his 14-year rule was to make food affordable through price controls and subsidized grocery stores, a triumph recognized in 2013 by the U.N. Food and Agriculture Organization.

Since 1990, Venezuela achieved a 50 percent reduction in the number of citizens facing hunger, the U.N. said - two years ahead of a global target date for reaching that goal."

Venezuela is Heaven on Earth.


I know that the US loves to knock Venezuala - I suspect this may have something to do with Chavez having taken his countries oil wealth (reserves as large as Saudi Arabia's)  back into the hands of the Venezualan people and out of the hands of the "Seven Sisters" - but try to have a sense of proportionaliy here gentlemen  . They have, after all, used the oil revenues to try to help some of the most needy citizens of the Venezualan population.

     http://www.independent.co.uk/voices/comment/hugo-chavez-proves-you-can-lead-a-progressive-popular-government-that-says-no-to-neoliberalism-8202738.html
    {quote - "Even opponents of Chavez told me that he is the first Venezuelan president to care about the poor. Since his landslide victory in 1998, extreme poverty has dropped from nearly a quarter to 8.6 per cent last year; unemployment has halved; and GDP per capita has more than doubled. Rather than ruining the economy – as his critics allege – oil exports have surged from $14.4bn to $60bn in 2011, providing revenue to spend on Chavez’s ambitious social programmes, the so-called “missions”."}

   http://embavenez.co.uk/?q=content/62-venezuelas-2014-budget-allocated-social-investment

[quote - "Merentes recalled that in 1998 poverty rate was 50.4% and now stands at 25.4%, while extreme poverty stood at 20.3% and is currently at 7.1%.

He said the Millennium Development Goals urged nations to reduce poverty to 27% and promote reduction of extreme poverty to 12%.

He also stressed the importance of social missions, created by Hugo Chavez since 2003, that have improved the living conditions of the Venezuelan population.

"Barrio Adentro, Mercal, and now the Great Housing Mission are social policies that have helped Venezuela to achieve economic development. Missions are a link through which the State has used the money and wealth for the less fortunate," he said.]





   Considering that the US is in debt to the tune of $1.28tn to another of those nasty socialist countries - and considering also that the US is dependent on oil imports for around 40% of its (massive) annual consumption, I'd say that people in glass houses shouldn't throw stones.

Since bitcoin is a capitalist invention, there's no doubt there is going to be capitalist bias on this forum.

I am not advocating, but I fear that the same could soon happen again in Europe - far-right parties gaining popularity, even Anders Breivik-supporting party got a lot of votes in the Norway recently!
Adolf Hitler came into the power with some support from the population, and his success was largely predetermined by Great Depression and big unemployment.

P.S. If I am right about technological unemployment problem I described in another topic AND no measures will be taken to mitigate this problem - rise of new totalitarian ideology is very probable/inevitable.