Venezuela news

[Fife]

https://twitter.com/DanielLMcAdams/stat ... 5997437954

Twitter is broken on my phone. I've missed all the images you have posted as well. I wish I knew what gives.

@Jack put the real BTFO on your ass

[Hastur]

The coup makes sense. The US can't just sit idle and let China valse in and grab all that oil. This is from September last year:

http://en.mercopress.com/2018/09/19/chi ... ges-maduro

China agreed to invest US$ 5bn in Venezuelan oil, alleges Maduro
Venezuelan President Nicolas Maduro said on Tuesday that new investments from China will help his country dramatically boost its oil production, doubling down on financing from the Asian nation to turn around its crashing economy.

Already a major economic partner, China has agreed to invest US$ 5 billion more in Venezuela, Maduro said following a recent trip to Beijing, adding that the money would help it nearly double its oil production.

“We are taking the first steps into a new economic era,” he said. “We are on track to have a new economy, and the agreements with China will strengthen it.”

A once-wealthy oil nation, Venezuela is gripped by a historic crisis deeper than the Great Depression in the United States. Venezuelans struggle to afford scarce food and medicine, many going abroad in search of a better life.

Venezuela's inflation this year could top 1 million percent, economists predict.

After two decades of populist rule and mismanagement, Venezuela's oil production of 1.2 million barrels a day is a third of what it was two decades ago before the late President Hugo Chavez launched the socialist revolution.

Maduro says under the deal, Venezuela will increase production and the export of oil to China by 1 million barrels a day.

However, China is taking a strong role in its new agreements. Over the last decade China has given Venezuela US$ 65 billion in loans, cash and investment. Venezuela owes more than US$ 20 billion.

The head of the National Petroleum Corporation of China will soon travel to Venezuela to finalize plans on increasing oil exports.

Russ Dallen, a Miami-based partner at brokerage Caracas Capital Markets, said the influx of money appears to be investments China will control.

“The Chinese are reluctant to throw good money after bad,” Dallen said. “They do want to get paid back. The only way they can get paid back is to get Venezuela's production back up.”

Venezuela also agreed to sell 9.9% of shares of the joint venture Sinovensa, giving a Chinese oil company a 49% stake. The sale will expand exploitation of gas in Venezuela, the president said.

Maduro also recently launched sweeping economic reforms aimed at rescuing the economy that include a creating new currency, boosting the minimum wage more than 3,000% and raising taxes.

Economist Asdrubal Oliveros of Caracas-based firm Econalitica said he doubts that Venezuela can reach the aggressive goal to boost oil exports to China by one million barrels a day given problems faced by the state corporation PDVSA.

“Increased production I see as quite limited,” Oliveros said. “The Chinese companies alone have neither the muscle nor the size to prop up production”.

[TheReal_ND]

How many more migrants and refugees can we expect out of Venezuela?
Dany Bahar and Douglas Barrios
Monday, December 10, 2018

Venezuelans who have fled the country already surpass the
3 million mark, with over one million in Colombia. Colombian authorities have stated that they
expect the amount of Venezuelans in the country to double over the next 12 months. Venezuela appears to be tragically stuck in a perverse modern-day “Malthusian trap”, where lack of access to food is an important determinant of the emigration rate. The current conditions are so bad that even if the government were to put all of its net income from oil—Venezuela’s main and almost only export, which is publicly owned—to feed the poorest of the poor, there would still be a substantial portion of the population whose basic caloric needs wouldn’t be covered.

The tool we developed, presented below, shows that, based on factors that determine Venezuela’s foreign income—oil production, price of oil, and inflows of other sources of foreign resources such as remittances—the total number of Venezuelan migrants and refugees around the world could reach 8.2 million. Our calculation includes the 3 million Venezuelans already outside the country. If this happens, the Venezuelan tragedy would eventually surpass the Syrian refugee crisis, as we argued in an earlier post. Slight changes in the conditions defining the economic situation in the country can significantly affect the expected number of total migrants and refugees, as can be seen below.

https://www.brookings.edu/blog/up-front ... venezuela/

[Speaker to Animals]

Hopefully they cam swim thousands of miles.

[BjornP]

https://www.france24.com/en/20190130-ve ... ion-guaido

Venezuelan President Nicolas Maduro said on Wednesday he was ready to sit down for talks with the country’s opposition and open to the possibility of third countries mediating, Russia’s RIA news agency reported.

and yet...

The struggle for control of Venezuela is only intensifying, with the government preparing an investigation that could lead to the arrest of opposition leader and self-declared interim president Guaido, 35, who has called for new street protests.

[C-Mag]

The Rich Kids of Venezuela
- Rich kids of Venezuela's socialist elite flash their money and pose with pop-stars
- Hugo Chavez's daughter is rumoured to have a personal fortune of $4billion
- Maria Gabriela, 38, earned her fortune while acting as first lady to her father
- Gabriela – and other children of Venezuela’s socialist elite - appear to have forgotten Hugo Chavez’s galvanizing motto ‘to be rich is bad’
https://www.dailymail.co.uk/news/articl ... ealth.html

Glad to see Socialism always works the same way.

[Hastur]

[SuburbanFarmer]

The Rich Kids of Venezuela
- Rich kids of Venezuela's socialist elite flash their money and pose with pop-stars
- Hugo Chavez's daughter is rumoured to have a personal fortune of $4billion
- Maria Gabriela, 38, earned her fortune while acting as first lady to her father
- Gabriela – and other children of Venezuela’s socialist elite - appear to have forgotten Hugo Chavez’s galvanizing motto ‘to be rich is bad’
https://www.dailymail.co.uk/news/articl ... ealth.html

Glad to see Socialism always works the same way.

There’s no way that’s public knowledge down there. They would lynch those people in a minute.

[C-Mag]

The Rich Kids of Venezuela
- Rich kids of Venezuela's socialist elite flash their money and pose with pop-stars
- Hugo Chavez's daughter is rumoured to have a personal fortune of $4billion
- Maria Gabriela, 38, earned her fortune while acting as first lady to her father
- Gabriela – and other children of Venezuela’s socialist elite - appear to have forgotten Hugo Chavez’s galvanizing motto ‘to be rich is bad’
https://www.dailymail.co.uk/news/articl ... ealth.html

Glad to see Socialism always works the same way.

There’s no way that’s public knowledge down there. They would lynch those people in a minute.

The public has a pretty good idea. They just don't have access to lynch them ………….. yet.

[Fife]

Yeah those dumb South Americans aren't *smart* like we are up here. *That* kind of shit could never happen in *our* "society."