Military uprising in Venezuala Watch

FriendlyPenguin
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Edit: Sorry, wrong thread
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Meany Pie
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You have been busy this morning.

I read earlier that a policeman was dropping grenades out of a helicopter

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username2553161
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Jesus! Really? I havent been paying attention to Venezuela, but a friend told me him and his wife were in tears watching the news, as there were families chasing bin wagons, to try and snaffle food from the back.
I shall have to educate myself.
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Dez
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(Original post by Rover73)
Jesus! Really? I havent been paying attention to Venezuela, but a friend told me him and his wife were in tears watching the news, as there were families chasing bin wagons, to try and snaffle food from the back.
I shall have to educate myself.
Basically, wide-scale corruption along with an oil-based economy has lead to massive shortages in the country. Venezuela's currency is now worth buttons, they can't afford any imports. For the last few weeks there have been constant protests, verging on a revolt.

Now, it seems the whole situation may be coming to a head. It will be interesting to see how this pans out.
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username2553161
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Sounds similiar to Argentina in 1999?

You automatically think, CIA, as soon as you see this state of affairs in any country in South America, due to their constant historical involvement and foreign policies.
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Trinculo
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(Original post by Rover73)
Sounds similiar to Argentina in 1999?

You automatically think, CIA, as soon as you see this state of affairs in any country in South America, due to their constant historical involvement and foreign policies.
The CIA are vastly less competent than people are led to believe, and their involvement in foreign insurrection has been limited to either giving people large sacks of money, or giving people large sacks of money to kill people.
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username2553161
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Well, we know that, and after all those failed assassination attempts on Castro we know about their early competence. But the CIA can work with Banks to destabilise a country. Im sure they have endless methods these days.
Not pointing the finger, but it would be unwise not to consider them as potential culprits or having a hand in it somewhere?
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Rakas21
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Interesting.

It will be a great day if the socialist regime falls so long as the military move to peaceful elections in the next year or so.
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Dodgypirate
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Isn't Socialism glorious?
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Dez
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(Original post by Rover73)
Well, we know that, and after all those failed assassination attempts on Castro we know about their early competence. But the CIA can work with Banks to destabilise a country. Im sure they have endless methods these days.
Not pointing the finger, but it would be unwise not to consider them as potential culprits or having a hand in it somewhere?
Why would they need to bother? When the oil prices crashed Venezuela's fate was pretty much sealed. Besides, it's not likely the US can profit from this. Venezuela's economy is worthless, and there are cheaper sources of oil to be had elsewhere.

(Original post by Dodgypirate)
Isn't Socialism glorious?
Don't be so thick. Venezuela's government is about as socialist as North Korea's is.
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Dodgypirate
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(Original post by Dez)

Don't be so thick. Venezuela's government is about as socialist as North Korea's is.
Can you back that up?
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Dodgypirate
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(Original post by Rakas21)
Interesting.

It will be a great day if the socialist regime falls so long as the military move to peaceful elections in the next year or so.
Apparently it isn't a socialist regime lol
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BigMan Ting
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(Original post by Dez)
Why would they need to bother? When the oil prices crashed Venezuela's fate was pretty much sealed. Besides, it's not likely the US can profit from this. Venezuela's economy is worthless, and there are cheaper sources of oil to be had elsewhere.



Don't be so thick. Venezuela's government is about as socialist as North Korea's is.
We don't see the fat little fella having a nice fiddle with his pee wee over his substandard toy nukes in Venezuela. Venezuela is a beautiful country.
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Ladymusiclover
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Good old Socialism??
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Rakas21
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(Original post by Dodgypirate)
Apparently it isn't a socialist regime lol
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Dodgypirate
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(Original post by Ladymusiclover)
Good old Socialism??
B-b-b-but muh Socialism!
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Dodgypirate
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(Original post by Rakas21)
I suppose Dez thinks it's 'not real socialism' :lol:


The only 'real' Socialism is Socialism that works, but it never does so...
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Dez
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(Original post by Dodgypirate)
Can you back that up?
Venezuela's government is massively corrupt. While they ostensibly claim to support socialism, their policies and laws haven't redistributed wealth but instead made the country's economy massively dependent on a select few organisations. The end result of that has been siphoning off Venezuela's wealth to a few rich business owners, friends of politicans and so on - the same old corruption story really.

They managed to balance this regime for a number of years because of the oil, giving them enough capital to keep the population reasonably well placated. Unfortunately for the Venezuelan authorities, their oil is now worth half what it was and they can't keep up with their expenditure any more. There are practically no imports coming into the country and thanks to Government policies, there are no local industries to make up the shortfall in produce. That is the main source of the problems, not some vague political idea like Socialism.
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username3380984
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(Original post by Dez)
Government policies,
You mean left wing policies?

Price controls

The government decided to regulate the markets and the prices of goods. The idea was to make essential goods more affordable for the poor. Producers were operating at a loss so just stopped selling these goods all together and moved out of the country. As a result the country was even more reliant on imports. Supply was lowered and as demand remained the same or even increased, this caused prices to increase even further
http://www.forbes.com/sites/timworst.../#59cc75443849


Nationalisation
The government is nationalising lots of private companies and given them to the poor however the poor don’t have the skills to run them so they go bankrupt. For example when Chavez nationalised Venezuela’s biggest electric company there were severe shortages and the working week for public sector employees was only 2 days. They even nationalised oil giants and made the production of oil highly inefficient causing them to suffer even more as they received even less dollars as they are producing less oil. The government also raised the price of petrol from $0.01 to $0.60 per litre.

"The Chavez government has expropriated or nationalised numerous companies (no one seems to be able to count them all) involved in various sectors including aluminum, cement, gold, iron, steel, farming, transportation, electricity, food production, banking, paper and the media. The number of private companies in industry has dropped from 14,000 in 1998 to only 9,000 in 2011, according to Torres.
Companies need investment to grow and hire new workers. One of the biggest failures of the Chavez government has been to drive away both domestic and foreign investors. In 2011 Latin America enjoyed a record of more than $150 billion in foreign investment with Brazil receiving $67 billion. Venezuela's neighbor Colombia received $13 billion while Venezuela received only $5 billion. To avoid expropriation and find investment a number of Venezuelan companies have moved to Colombia, Panama and the United States."

Venezuela produced just 2.15 million barrels of crude oil per day in June, according to S&P Global Platts estimates. That's the weakest pace since February 2003, Platts said.

Nationalisation has killed Venezuela, socialism destroyed it , obviously corruption is an issue . The currency is also a mess as it has 3 different exchange rates.

If corruption totally drives states to failure to the extent of Venezuela, we can all see that most of Africa is in deep depression with spiraling unemployment, severe shortages of goods as per the will of the government, hyperinflation, and a surging exchange rate. Sorry, I forgot, socialist governments never lie so the official exchange and inflation rates are totally true and there are no problems in the country at all.

You'll also find Venezuela right at the bottom of the east of doing business index.

Saudi Arabia is also a massive producer and exporter of oil, just like Venezuela petrochemical products make up 90% of exports, yet it is still maintaining modest growth through the drop in oil price.
All the oil prices, nothing to do with the failing regime. It's funny that the oil prices fell and killed only Venezuela, and none of the other dozens of the countries whose GDP is primarily based around oil.

Countries half the size of Venezuela whose economies are even more based on oil are hurting, but not to the point where its citizens are literally eating ****, has -20% GDP growth. Negative Twenty percent. 800% Inflation, 16 times the threshold for hyperinflation, where more than 80% of the population are officially in poverty, and 70% are unemployed,
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Dodgypirate
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(Original post by F.V.Wieser)
You mean left wing policies?

Price controls

The government decided to regulate the markets and the prices of goods. The idea was to make essential goods more affordable for the poor. Producers were operating at a loss so just stopped selling these goods all together and moved out of the country. As a result the country was even more reliant on imports. Supply was lowered and as demand remained the same or even increased, this caused prices to increase even further
http://www.forbes.com/sites/timworst.../#59cc75443849


Nationalisation
The government is nationalising lots of private companies and given them to the poor however the poor don’t have the skills to run them so they go bankrupt. For example when Chavez nationalised Venezuela’s biggest electric company there were severe shortages and the working week for public sector employees was only 2 days. They even nationalised oil giants and made the production of oil highly inefficient causing them to suffer even more as they received even less dollars as they are producing less oil. The government also raised the price of petrol from $0.01 to $0.60 per litre.

"The Chavez government has expropriated or nationalised numerous companies (no one seems to be able to count them all) involved in various sectors including aluminum, cement, gold, iron, steel, farming, transportation, electricity, food production, banking, paper and the media. The number of private companies in industry has dropped from 14,000 in 1998 to only 9,000 in 2011, according to Torres.
Companies need investment to grow and hire new workers. One of the biggest failures of the Chavez government has been to drive away both domestic and foreign investors. In 2011 Latin America enjoyed a record of more than $150 billion in foreign investment with Brazil receiving $67 billion. Venezuela's neighbor Colombia received $13 billion while Venezuela received only $5 billion. To avoid expropriation and find investment a number of Venezuelan companies have moved to Colombia, Panama and the United States."

Venezuela produced just 2.15 million barrels of crude oil per day in June, according to S&P Global Platts estimates. That's the weakest pace since February 2003, Platts said.

Nationalisation has killed Venezuela, socialism destroyed it , obviously corruption is an issue . The currency is also a mess as it has 3 different exchange rates.

If corruption totally drives states to failure to the extent of Venezuela, we can all see that most of Africa is in deep depression with spiraling unemployment, severe shortages of goods as per the will of the government, hyperinflation, and a surging exchange rate. Sorry, I forgot, socialist governments never lie so the official exchange and inflation rates are totally true and there are no problems in the country at all.

You'll also find Venezuela right at the bottom of the east of doing business index.

Saudi Arabia is also a massive producer and exporter of oil, just like Venezuela petrochemical products make up 90% of exports, yet it is still maintaining modest growth through the drop in oil price.
All the oil prices, nothing to do with the failing regime. It's funny that the oil prices fell and killed only Venezuela, and none of the other dozens of the countries whose GDP is primarily based around oil.

Countries half the size of Venezuela whose economies are even more based on oil are hurting, but not to the point where its citizens are literally eating ****, has -20% GDP growth. Negative Twenty percent. 800% Inflation, 16 times the threshold for hyperinflation, where more than 80% of the population are officially in poverty, and 70% are unemployed,
*aggressively clicks his fingers*
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