http://southfront.org/opinion-and-now-where-will-go-venezuela/
+16
PapaDragon
GarryB
JohninMK
miketheterrible
Vann7
Isos
Airman
NationalRus
magnumcromagnon
KoTeMoRe
Svyatoslavich
sepheronx
flamming_python
George1
Walther von Oldenburg
par far
20 posters
Venezuela Εconomic Situation
par far- Posts : 3492
Points : 3737
Join date : 2014-06-27
- Post n°1
Venezuela Εconomic Situation
"After 15 years of Chavism -under Hugo Chavez and now under Nicolas Maduro – Venezuela is dying. The country holding the largest proven oil reserves on the planet is now a nation in deep social crisis".
http://southfront.org/opinion-and-now-where-will-go-venezuela/
http://southfront.org/opinion-and-now-where-will-go-venezuela/
Walther von Oldenburg- Posts : 1725
Points : 1844
Join date : 2015-01-24
Age : 33
Location : Oldenburg
- Post n°2
Re: Venezuela Εconomic Situation
That was destined to happen.
Ezperiments are OK when done in laboratories, not good if the fate of entire country depends on them. And Venezuela's economic experiment is a through failure.
Generous subsidies for the poor are of little importance if the whole system is damaged.
Ezperiments are OK when done in laboratories, not good if the fate of entire country depends on them. And Venezuela's economic experiment is a through failure.
Generous subsidies for the poor are of little importance if the whole system is damaged.
George1- Posts : 18463
Points : 18962
Join date : 2011-12-23
Location : Greece
- Post n°3
Re: Venezuela Εconomic Situation
Venezuela also spent too much in aiding other countries GDP, like Nicaragua and Cuba. And it was an ideological policy clearly, no actual benefit for Venezuela.
George1- Posts : 18463
Points : 18962
Join date : 2011-12-23
Location : Greece
- Post n°4
Re: Venezuela Εconomic Situation
Maduro Announces Gasoline Price Increase, Venezuelan Bolivar Devaluation
Venezuelan President Nicolas Maduro announced an increase in the price of gasoline in the country and the devaluation of the national currency.
MEXICO CITY (Sputnik) – The price of gasoline will go up from $0.01 per liter to $0.95 per liter starting from February 19. The Venezuelan bolivar will weaken from 6.3 to 10 bolivars per dollar, according to Maduro.
"This new system will have to ensure two things: the payment of what is invested in the production of hydrocarbon in addition to the healthy functioning of PDVSA [state-owned Petróleos de Venezuela oil and gas company]," Maduro said as quoted by NTN24 on Wednesday.
In January, Maduro declared an economic emergency in Venezuela. The announcement came two days after Venezuela’s oil price dropped to $24 a barrel, the lowest mark in 12 years. Up to 96 percent of Venezuela’s budget depends on oil revenues.
Maduro accepted partial blame for the economic situation in the country in an address to the National Economic Council, stressing that Venezuela needs to replace all sources of income from oil with other sources.
Public discontent with Maduro’s government has been growing in Venezuela amid grave economic problems, largely contributing to the victory of the opposition MUD (Democratic Unity Roundtable) group in the December 2015 parliamentary elections.
Read more: http://sputniknews.com/latam/20160218/1034939459/gasoline-price-increase.html#ixzz40if8YDqY
Venezuelan President Nicolas Maduro announced an increase in the price of gasoline in the country and the devaluation of the national currency.
MEXICO CITY (Sputnik) – The price of gasoline will go up from $0.01 per liter to $0.95 per liter starting from February 19. The Venezuelan bolivar will weaken from 6.3 to 10 bolivars per dollar, according to Maduro.
"This new system will have to ensure two things: the payment of what is invested in the production of hydrocarbon in addition to the healthy functioning of PDVSA [state-owned Petróleos de Venezuela oil and gas company]," Maduro said as quoted by NTN24 on Wednesday.
In January, Maduro declared an economic emergency in Venezuela. The announcement came two days after Venezuela’s oil price dropped to $24 a barrel, the lowest mark in 12 years. Up to 96 percent of Venezuela’s budget depends on oil revenues.
Maduro accepted partial blame for the economic situation in the country in an address to the National Economic Council, stressing that Venezuela needs to replace all sources of income from oil with other sources.
Public discontent with Maduro’s government has been growing in Venezuela amid grave economic problems, largely contributing to the victory of the opposition MUD (Democratic Unity Roundtable) group in the December 2015 parliamentary elections.
Read more: http://sputniknews.com/latam/20160218/1034939459/gasoline-price-increase.html#ixzz40if8YDqY
George1- Posts : 18463
Points : 18962
Join date : 2011-12-23
Location : Greece
- Post n°5
Re: Venezuela Εconomic Situation
Economy has failed..
Venezuela declares a 2-day workweek because of dire energy shortages
Venezuela declares a 2-day workweek because of dire energy shortages
flamming_python- Posts : 9406
Points : 9466
Join date : 2012-01-31
- Post n°6
Re: Venezuela Εconomic Situation
Yup their situation is dire
sepheronx- Posts : 8761
Points : 9021
Join date : 2009-08-06
Age : 35
Location : Canada
- Post n°7
Re: Venezuela Εconomic Situation
Sad. It really isn't rocket science to fix their issue. But oh well.
Svyatoslavich- Posts : 399
Points : 400
Join date : 2015-04-22
Location : Buenos Aires
- Post n°8
Re: Venezuela Εconomic Situation
The cause is simple: Latin American populism. Here the poor person is considered a victim of society, while anyone from middle class and above is privileged. So the solution is to squeeze everything from middle and high classes through taxes, and give lot of aids to poor people who then won't care about studying or getting a job. And then everything crashes. As a solution we elect rightist ideologists (as Argentina has just done) who sell everything to foreign investors, get a lot of external debts, asks for help from the IMF and the World Bank, and everything crashes again. And the pendulum never stops oscillating between those two failed ideologies.
George1- Posts : 18463
Points : 18962
Join date : 2011-12-23
Location : Greece
- Post n°9
Re: Venezuela Εconomic Situation
Ι think in Venezuela case that the critical point it was that revenues from oil past years didn't used to expand other sectors of economy and invest in sectors that can antagonize other countries in Americas (for example universities and medical centers)
sepheronx- Posts : 8761
Points : 9021
Join date : 2009-08-06
Age : 35
Location : Canada
- Post n°10
Re: Venezuela Εconomic Situation
Agreed with George.
While I do not fully endorse the concept of Austerity, there should have been at least some Austerity. All this defense spending for a small country like Venezuela while important, shouldn't have been overtly induldged too much (new multipurpose aircrafts like Su-30M series, Chinese K-8 jet trainers, newer comm equipment, etc was important but not those old T-72 tanks and various other APC's). Money should have been diverted to produce pulp plants, recycling depots, expansion of agriculture sector and canning industry (very important), Universities and medical institutes who do research and development, and possibly on tourism. Lets face it, venezuela is a beautiful country and with the devaluation of the Bolivar, they could get some real good money with tourism. And products sold like alcohol and such would be well sought after.
But seems they just blew it all when they had the chance to thrive.
While I do not fully endorse the concept of Austerity, there should have been at least some Austerity. All this defense spending for a small country like Venezuela while important, shouldn't have been overtly induldged too much (new multipurpose aircrafts like Su-30M series, Chinese K-8 jet trainers, newer comm equipment, etc was important but not those old T-72 tanks and various other APC's). Money should have been diverted to produce pulp plants, recycling depots, expansion of agriculture sector and canning industry (very important), Universities and medical institutes who do research and development, and possibly on tourism. Lets face it, venezuela is a beautiful country and with the devaluation of the Bolivar, they could get some real good money with tourism. And products sold like alcohol and such would be well sought after.
But seems they just blew it all when they had the chance to thrive.
Svyatoslavich- Posts : 399
Points : 400
Join date : 2015-04-22
Location : Buenos Aires
- Post n°11
Re: Venezuela Εconomic Situation
Also true. But Chavez believed that oil would reach 200 dollars per barrel and his country would live of oil rent like Saudi Arabia. It is shocking that Venezuela, which has lots of fertile lands, imports most of its food from neighbor Colombia.
On the other hand, a good amount of money was invested in not so useful programs like developing a national satellite. Clear case of twisted priorities: invest first in most basic and critical stuff like producing your own food (it is not that Venezuela is a desert), and then slowly but surely start industrializing the country and in a few decades a local developed and produced satellite can be feasible.
On the other hand, a good amount of money was invested in not so useful programs like developing a national satellite. Clear case of twisted priorities: invest first in most basic and critical stuff like producing your own food (it is not that Venezuela is a desert), and then slowly but surely start industrializing the country and in a few decades a local developed and produced satellite can be feasible.
KoTeMoRe- Posts : 4212
Points : 4227
Join date : 2015-04-22
Location : Krankhaus Central.
- Post n°12
Re: Venezuela Εconomic Situation
Svyatoslavich wrote:Also true. But Chavez believed that oil would reach 200 dollars per barrel and his country would live of oil rent like Saudi Arabia. It is shocking that Venezuela, which has lots of fertile lands, imports most of its food from neighbor Colombia.
On the other hand, a good amount of money was invested in not so useful programs like developing a national satellite. Clear case of twisted priorities: invest first in most basic and critical stuff like producing your own food (it is not that Venezuela is a desert), and then slowly but surely start industrializing the country and in a few decades a local developed and produced satellite can be feasible.
Chavez?
More like every Venezuelan governement since the early XXth century.
magnumcromagnon- Posts : 8138
Points : 8273
Join date : 2013-12-05
Location : Pindos ave., Pindosville, Pindosylvania, Pindostan
- Post n°13
Re: Venezuela Εconomic Situation
Puerto Rico has the exact polar opposite economic policies that were enacted in Venezuela, and how that turned out for the Puerto Ricans you may ask? Well...
George1- Posts : 18463
Points : 18962
Join date : 2011-12-23
Location : Greece
- Post n°14
Re: Venezuela Εconomic Situation
what i am afraid more is that without Venezuela's cheap oil same problems might appear in Cuba and Nicaragua
George1- Posts : 18463
Points : 18962
Join date : 2011-12-23
Location : Greece
- Post n°15
Re: Venezuela Εconomic Situation
Economic Emergency Extended for Three More Months in Venezuela
Venezuelan President Nicolas Maduro has extended the economic state of emergency in the country for three more months.
MEXICO CITY (Sputnik) – Maduro declared an economic emergency in Venezuela in January. The announcement came two days after Venezuela’s oil price dropped to $24 a barrel, the lowest mark in 12 years. Up to 96 percent of Venezuela’s budget depends on oil revenues.
"I will proceed to sign…a new decree…that would allow us during the months of May, June, July…to recover the productive capacity of the country," Maduro said on national radio and television on Friday, as quoted by RCN Radio.
Maduro accepted partial blame for the economic situation in the country in an address to the National Economic Council, stressing that Venezuela needs to replace all sources of income from oil with other sources.
The initial economic emergency decree was valid for 60 days. It was subsequently extended for two more months in March.
Read more: http://sputniknews.com/latam/20160514/1039600359/venezuela-emergency-extention.html#ixzz48cePGVTn
Venezuelan President Nicolas Maduro has extended the economic state of emergency in the country for three more months.
MEXICO CITY (Sputnik) – Maduro declared an economic emergency in Venezuela in January. The announcement came two days after Venezuela’s oil price dropped to $24 a barrel, the lowest mark in 12 years. Up to 96 percent of Venezuela’s budget depends on oil revenues.
"I will proceed to sign…a new decree…that would allow us during the months of May, June, July…to recover the productive capacity of the country," Maduro said on national radio and television on Friday, as quoted by RCN Radio.
Maduro accepted partial blame for the economic situation in the country in an address to the National Economic Council, stressing that Venezuela needs to replace all sources of income from oil with other sources.
The initial economic emergency decree was valid for 60 days. It was subsequently extended for two more months in March.
Read more: http://sputniknews.com/latam/20160514/1039600359/venezuela-emergency-extention.html#ixzz48cePGVTn
NationalRus- Posts : 610
Points : 611
Join date : 2010-04-12
- Post n°16
Re: Venezuela Εconomic Situation
Venezuela is FEELING THE BERN
i predict they have about 3 months left TOPS till total and utter collapse
i predict they have about 3 months left TOPS till total and utter collapse
George1- Posts : 18463
Points : 18962
Join date : 2011-12-23
Location : Greece
- Post n°17
Re: Venezuela Εconomic Situation
Venezuelan President Nicolas Maduro has announced that over 80 percent of the country’s budget is now non-reliant on oil and will be formed with domestic taxes.
Read more: https://sputniknews.com/latam/201610151046354400-venezuela-state-budget/
Read more: https://sputniknews.com/latam/201610151046354400-venezuela-state-budget/
Airman- Posts : 439
Points : 487
Join date : 2016-10-15
Location : Turkey
- Post n°18
Re: Venezuela Εconomic Situation
Venezuela economy minister visits Ankara to negotiate petrol trade
Venezuela's economy minister Tuesday visited the Turkish capital Ankara to discuss trade relations between the two countries, with a focus on petroleum.
"We are interested in Venezuela's entire production of petroleum products, petrochemicals and petroleum coke," said Turkey's Economy Minister Nihat Zeybekci at the meeting.
"We want to meet Turkey's needs [from that supply]."
Zeybekci met with his Venezuelan counterpart Simon Zerpa as part of an ongoing process to develop trade relations in line with goals set by President Recep Tayyip Erdoğan and Venezuelan President Nicolas Maduro, who met most recently on Oct. 6.
Tuesday's talks marked the third meeting in 45 days between the leaders of the two countries.
Zeybekci stressed that Turkey and Venezuela hope to expand commercial relations as much as possible in the first months of the new year to reach trade goals by the end of 2018.
"We promise we can come [to an agreement] quickly," said the minister. "By the end of January, the trade will be determined. [We will identify] what products we will buy, what the exchange will be, what we forecast for future trade volume."
"Our mutual trade volume has increased 100 percent during the 10-month period of this year, and at the beginning of 2018 we will produce a big picture [of future trade relations]," Zeybekci added, saying that he and Zerpa plan to meet again before the end of January.
Zerpa said Turkey and Venezuela are working to sign a second agreement on commercial relations.
"We want to establish a strategic partnership between the two countries that will last for the next hundred years," he said, adding that petroleum products made up the bulk of negotiations.
Zerpa also noted the importance of the deal in relation to Venezuela's efforts to revitalize its economy amid its ongoing foreign debt restructure.
Isos- Posts : 11496
Points : 11464
Join date : 2015-11-07
- Post n°19
Re: Venezuela Εconomic Situation
https://www.voanews.com/a/oas-chief-wont-rule-out-military-force-against-venezuela/4572843.html
We could see soon su-30 in action. Will be funny against Super tucanos, kfir and useless gripens.
We could see soon su-30 in action. Will be funny against Super tucanos, kfir and useless gripens.
Vann7- Posts : 5385
Points : 5485
Join date : 2012-05-16
- Post n°20
Re: Venezuela Εconomic Situation
CNN was caught with pants down ,in a fake report about venezuela..
a nice catchup by Vesti News..
Basically the so called Refugees moving from Venezuela to Colombia ,were in reality
tourist of fortune ,that were crossing the border to get paid $30 dollars by Americans "humanitarian mission"
and they go shooping in colombia and return with bags full of stuff.. they get.. and none of them
looks starving at all. or concerned about returning to a "repressive evil government" ..
This needs to be reported in every media outlet in the world.. how western disinformation
how far can go.. to demonize nations.
Vann7- Posts : 5385
Points : 5485
Join date : 2012-05-16
- Post n°21
Re: Venezuela Εconomic Situation
now this is it... the final nail in the coffin of GUaido..
The 2 hundred Military defeactors who join the calls of Guaido and cross the border...
have been abandon in Colombia . They are calling for help ,because
now the Colombia government is demanding them to leave their temporary setup bases..
And they will be officially homeless in a couple of days.. can't enter in Venezuela ,because
will be arrested and in Colombia they have no family and will be homeless..
This is the worse Coup ever in the history of US.. they could not have hired a worse
leader than Guaido.. Pence was furious when Guaido failed to convince National Guard to
abandon MAduro.. 200 defectors from 200,000 strong armed forces.. is about 0.01% of defectors.
virtually zero.. This week the fate of Guaido will be clear ..because he called for massive
protest nation wide.. and if nobody follows ,it will be the end of his Circus.. and if
The military that defected , if left on the streets homeless.. in Colombia , then never again
any other military will defect.. knowing will be abandon by the Right.. to their luck..
The defectors are angry with Guaido for leaving them , in colombia.. and not having where to go. lol
is in spanish , but pictures alone speak .. they are upset with Guaido for abandoning them..
and not having where to Go ,since the colombian government is telling them through some
official papers from colombia governent that they showing.. that they needs to go..from
that shelter.. so not even food and a shelter.. for them..that they have a couple of days more
only left.. and need to go .. So the defectors who wanted to overthrow Maduro are now abandoned
by the oppossition..
The 2 hundred Military defeactors who join the calls of Guaido and cross the border...
have been abandon in Colombia . They are calling for help ,because
now the Colombia government is demanding them to leave their temporary setup bases..
And they will be officially homeless in a couple of days.. can't enter in Venezuela ,because
will be arrested and in Colombia they have no family and will be homeless..
This is the worse Coup ever in the history of US.. they could not have hired a worse
leader than Guaido.. Pence was furious when Guaido failed to convince National Guard to
abandon MAduro.. 200 defectors from 200,000 strong armed forces.. is about 0.01% of defectors.
virtually zero.. This week the fate of Guaido will be clear ..because he called for massive
protest nation wide.. and if nobody follows ,it will be the end of his Circus.. and if
The military that defected , if left on the streets homeless.. in Colombia , then never again
any other military will defect.. knowing will be abandon by the Right.. to their luck..
The defectors are angry with Guaido for leaving them , in colombia.. and not having where to go. lol
is in spanish , but pictures alone speak .. they are upset with Guaido for abandoning them..
and not having where to Go ,since the colombian government is telling them through some
official papers from colombia governent that they showing.. that they needs to go..from
that shelter.. so not even food and a shelter.. for them..that they have a couple of days more
only left.. and need to go .. So the defectors who wanted to overthrow Maduro are now abandoned
by the oppossition..
miketheterrible- Posts : 7383
Points : 7341
Join date : 2016-11-07
- Post n°22
Re: Venezuela Εconomic Situation
Isos wrote:https://www.voanews.com/a/oas-chief-wont-rule-out-military-force-against-venezuela/4572843.html
We could see soon su-30 in action. Will be funny against Super tucanos, kfir and useless gripens.
They won't do anything cause if there is even the threat of military force for serious, then China and Russia may move in, which then those piss ant nations won't attempt for sure. Maduro has not asked it yet.
JohninMK- Posts : 15398
Points : 15539
Join date : 2015-06-16
Location : England
- Post n°23
Re: Venezuela Εconomic Situation
Here we go, the US tightens the screws. Next a sea blockade?
https://www.zerohedge.com/news/2019-08-06/trump-imposes-total-economic-embargo-venezuela
https://www.zerohedge.com/news/2019-08-06/trump-imposes-total-economic-embargo-venezuela
GarryB- Posts : 40103
Points : 40601
Join date : 2010-03-30
Location : New Zealand
- Post n°24
Re: Venezuela Εconomic Situation
Looking back through this thread it is interesting to see how often members here thought Venezuela was a dead duck and that its economy was about to collapse... even in 2016... since then billions of dollars of gold and assets have been stolen (seized and re-purposed to support the Venezuelan opposition) and they still seem to not be supporting this American led coup... I think the important point here is that any real coup for this minority of people sponsored by the rich in the US who want control of their enormous oil reserves are going to have to put into power a seriously repressive regime to control the population and get them to accept they will remain poor while those in power are going to get very very rich... and probably ultimately leave to live in the US or UK...
But western media hide the truth and continue with the war drums for moral reasons to save the majority from a real chance at a better future...
But western media hide the truth and continue with the war drums for moral reasons to save the majority from a real chance at a better future...
flamming_python- Posts : 9406
Points : 9466
Join date : 2012-01-31
- Post n°25
Re: Venezuela Εconomic Situation
GarryB wrote:Looking back through this thread it is interesting to see how often members here thought Venezuela was a dead duck and that its economy was about to collapse... even in 2016... since then billions of dollars of gold and assets have been stolen (seized and re-purposed to support the Venezuelan opposition) and they still seem to not be supporting this American led coup... I think the important point here is that any real coup for this minority of people sponsored by the rich in the US who want control of their enormous oil reserves are going to have to put into power a seriously repressive regime to control the population and get them to accept they will remain poor while those in power are going to get very very rich... and probably ultimately leave to live in the US or UK...
But western media hide the truth and continue with the war drums for moral reasons to save the majority from a real chance at a better future...
It's a black hole either way.
And the chavistas could been way smarter. What they've built is not the way to build socialism.