Topic: Venezuela political status - page 2. (Read 2065 times)

No that was nothing like a "financial aid".
They just pegged their currency to the dollar. Any country is this world can do that.

For example Bulgaria used this measure for the leva against the euro, they pegged it at a certain exchange ratio.

Check the Venezuelan elections , they voted overwhelmingly for socialism.
Let them eat socialism till their last breath.

When you begin to hide you are destined to lose. For their beliefs must be fought. I think Venezuela is on the verge of civil war. This is payback for the wrong choices of power.

Their country is in a state of chaos that they can not come back from.

The politicans either will get thrown in the streets and dealt with by the mobs gathered or they will declare martial law and the police forces will start to kill their own citizens on site.

It is in a very big state of emergency there right now.
And would be very scared if I lived there while this is happening cause you have no where to hide in Venezuela from a well armed dominant police brigade.

Sadly the only thing that we Venezuelan people can do is wait and fight for the country we deserve and overcome this dictatorial goberment that had being in the power for 17 years divided the people and turn them againts each other.

Despite the fact that some states have problems without the intervention of other countries and they simply can not be solved. But the fact is that there are cases when this intervention can be avoided because the citizens will be very much outraged.

They burned the American flags, because the US was interfering in the internal affairs of Venezuela. How the Americans would feel, if the Venezuelans interfere in their presidential or senate elections? But I would agree with you on one point. The subsidy on gasoline is just ridiculous in Venezuela.

I do not pity the people of Venezuela. That they burned American flags and vote for Chavez, Maduro. They got what they wanted. For any action to respond. They didn't think about what people in all countries spend a lot of money to fill your car. They have gasoline cost cheaper than water.

I would avoid the Dollar might end up like El Salvador where people get paid in USD now but barely make anything while things are priced in USD and are cheap by American prices but not local prices.
Bitcoin ftw
http://www.plenglish.com/index.php?o=rn&id=11309&SEO=dominican-free-zone-workers-call-for-wage-increase

I think it all boils down to their priorities. They preferred to just use the oil money to give money to the citizens so as expected when the prices crashed, they have none left to give out. And they don't really make much money from other sources too. What to they export anyway? Not to mention the government was also corrupt and they mismanaged the now government-owned oil company.

As someone here has posted though, it really is their economic model that made the difference. Gulf states also took a hit from the oil plunge (most notably Saudi Arabia which is more reliant on oil) but did not end as bad as Venezuela. All of those states have hereditary rulers so we can safely assume they also siphon money away but they do allow investors to come in. They also invest the money in other countries so they do at least receive money back. Many has diversified for multiple income streams. Even Arabia, which is the least progressive of the countries, at least have a wealth fund they can dip in in case of emergencies.

Why the dollar? Maybe to stop hyperinflation is a better choice bitcoin? They still have nothing to lose. And there's a chance. Imagine how cool it is if one country recognizes bitcoin official currency.

All that's needed is a change of currency.  Zimbabwe's hyperinflation led to them using the US dollar instead - that could be interpreted as "financial aid" even if it's not literally giving them money.  If you believe that capitalist societies in crisis should be given financial aid, so should socialist ones - otherwise your judgement of socialism is unreasonable.

Not to mention that elections never represent the will of an entire nation, they represent a small majority of people who decided to vote.

Um, how many years have you got left? I mean, it's possible for all this to boil over within a few months and you'd be stuck there and wouldn't be able to finish college anyway. If you just have a year or two left anyway, you can probably finish that in a different country as a working student.

Just stay safe and be prepared to bug out at a moment's notice.


Yup, they could have just used the earnings from the oil wealth to grow their economy but no, they didn't. Even KSA, which mostly rely on oil export didn't suffer this much when the price dropped.

KSA also subsidize a lot like water and education and their government very likely also steal a lot (they're nobility after all). What probably made the difference is that Venezuela economically isolated itself.

The difference is easy to spot.

Saudi Arabia welcomes foreign investors while Venezuela wants to nationalize everything.
Saudi Arabia is investing in infrastructure and technology while Venezuela is investing is socialism giving money for being lazy.

Outcome was pretty clear from years ago

I think you're wrong. Saudi Arabia is also living through the sale of oil but there all the people are rich. The regime in Saudi Arabia is also an autocratic. Probably another reason. In Venezuela the power thieves. That's the whole reason.

America wants to start another front for the rich oil in Venezeula as much as the riots may be due to food issues and security alongside collapsing oil prices the idea of a successful socialist state does not sit well with American interests hence they try to destroy it whenever the opportunity presents itself.

That said I would be hard picked to name a country where American interventionism really helped build the country in the long run without leaving a big mess with exception to Japan cause Russia was nearby + a containment of China and Mao policy was needed although it failed in the end and only Taiwan remained.

I am fairly sure that besides the gun manufacturers we all do not want to see another Libya, or puppet dictatorship like the good old days in the 70s and 80s in Latin America and the Pinochet's for all even if the socialist experiment is not doing well. It's worse in civil war.

That said it sucks you need to go to Colombia and sell Bolivar there for food kind of reversed when people went to Venezuela to steal the cheap gas and bring it across the border and food either way also heard 1oz of silver or perhaps gold is as good as a few months worth of food not sure how accurate that statement is though sounds pretty BS in food scarcity commodites like food should still hold a premium feed your belly or have a lump of metal unless they meant people went to Colombia to trade it. So ya some BS in the news too.
https://www.youtube.com/watch?v=w-X-63hZP5M
http://www.thedailyeconomist.com/2016/08/why-do-you-need-to-own-physical-gold.html

Eu stupid money makes it possible to.... oh wait , prevent people from hunting flamingos, robbing food trucks, offers them the possibility to buy damn toilet paper and to eat something so they can use it...man it looks like this EU is not that bad.



Oh, but you can, you just have to be the pig taking the decisions, for the rest , let them eat cake.

Venezuela is a typical Latin American country with a history rich in political unrest, systemic poverty, and strong-arm authoritarians in positions of power.


I don't see much changing positively out of some revolution. Maduro banned a presidential candidate recently, he may be planning on rigging the 2018 (19?) election.


If Maduro were assassinated or dropped dead the situation would likely only worsen as there would be a power vacuum and surely some attempt to gain power through violence while claiming to be liberating Venezuela from a failed democracy.


Pretty much the only reason Venezuela was ever relevant was because their oil. You can't eat oil.

It will get much worse for Venezuela before it gets better. Frankly I don't yet see light at the end of the tunnel yet. Chavez was leading the country down the drain just like Maduro does now, the major difference was the charisma Chavez had(remember his TV show Alo Presidente  ), of which Maduro has inherited none. This was mostly what kept the country together during Chavez, and now it's gone. Well this and fears of repressions I guess.

Venezuela was already rotten when Chavez died. Maduro takes it to the next level. Its so pity to see Venezuela turn to the worst. It is one of the richest country in South America. But look at it right now, it has world’s highest inflation rate and is plagued by hunger and violent crime
Venezuela sits on the world’s largest proven oil reserves. Oil accounts for ninety-six per cent of the country’s export earnings. I guess the only solution is a political change. That's the only thing I can imagine that will help solved all this crisis. Changed all the current leaders and installed a new one. Call for a referendum and have a snap election. There has got to be a political house cleaning so you can reset the political and economic clock there.

Maduro was a bad choice, after the death of Chavez. He proved himself to be an incompetent elitist. Some of the issues can be traced to Chavez as well. Because Chavez never cared to set up a sovereign wealth fund (SWF).