Venezuela news

[Okeefenokee]

https://www.wsj.com/articles/pressure-c ... 1526635801

As usual, women fucking shit up...

All of these factors fueled the March coup plan.

Several armored battalions were to secure the capital while special forces in a nighttime raid planned to snatch top officials including Mr. Maduro and Vice President Tareck el-Aissami and fly them out of the country.

But as the final stages approached, a female army lieutenant loyal to the government learned of the plot and alerted her superiors.

Too bad - would have been good for the people if the Mil took over....

I'm constantly amazed at how long this has gone on with Maduro retaining power.

It probably has something to do with that not being real socialism.

[C-Mag]

Well, we really haven't tried Real Socialism yet Okee................... when we finally do it will be AWESOME !

[Zlaxer]

http://theweek.com/speedreads/781952/mi ... thing-else

What is the Venezuelan Military waiting for? We're about to have a full blown human travesty. How can Maduro hold power? I don't get it....at +40,000%, how can he pay/feed his goons

[The Conservative]

https://www.washingtonpost.com/news/wor ... 2b5d73cdd1

President Nicolás Maduro late Thursday briefly outlined his monetary rescue plan. In a country where a dozen eggs can cost 250,000 bolivars ($5) amid worsening inflation, he would chop three zeros off the currency — arguably bringing the price for those eggs down to 250.

Wow...what a fucking mess.....

Why don't they just legislate in a "liveable wage" and "Gender Neutral pay".....

Farm fresh eggs cost $6 here.

[SuburbanFarmer]

http://theweek.com/speedreads/781952/mi ... thing-else

What is the Venezuelan Military waiting for? We're about to have a full blown human travesty. How can Maduro hold power? I don't get it....at +40,000%, how can he pay/feed his goons

Apparently, we're all just going to watch them starve... What a disaster.

[SuburbanFarmer]

https://www.washingtonpost.com/news/wor ... 2b5d73cdd1

President Nicolás Maduro late Thursday briefly outlined his monetary rescue plan. In a country where a dozen eggs can cost 250,000 bolivars ($5) amid worsening inflation, he would chop three zeros off the currency — arguably bringing the price for those eggs down to 250.

Wow...what a fucking mess.....

Why don't they just legislate in a "liveable wage" and "Gender Neutral pay".....

Farm fresh eggs cost $6 here.

This is why economic distortion is such a problem. Maybe people will start to realize that, at last...

[Zlaxer]

This is why economic distortion is such a problem. Maybe people will start to realize that, at last...

What the fuck is "economic distortion"?

[SuburbanFarmer]

This is why economic distortion is such a problem. Maybe people will start to realize that, at last...

What the fuck is "economic distortion"?

Foreign exchange, inflation, currency rates.

As TC pointed out, eggs are 'only $6 here in the US'. That carries with it the assumption that a worker makes at least $10/hr. However, in Venezuela, people make $1.45/month. They have millions of Venezuelan dollars, but that's only worth a few US dollars.

It's insidious because people always assume an equal value of money, across the world. We hear that 'people in Africa live on a dollar a day', but they instinctively assume that there's just no money there. The fact is, they get huge amounts of "money", with no actual value.

Venezuela is failing because they pinned their entire economy on a single industry - oil exports. They borrowed heavily against it, and leveraged to the point that a small change in the price of oil destroyed everything. They're printing money like the Weimar Republic to pay their debts, but destroying the value of the currency.

It's the same thing that we're doing here, but we're still propped up for the time being.

[C-Mag]

http://theweek.com/speedreads/781952/mi ... thing-else

What is the Venezuelan Military waiting for? We're about to have a full blown human travesty. How can Maduro hold power? I don't get it....at +40,000%, how can he pay/feed his goons

I've read stories that the Military has taken control of water and water trucks

[Zlaxer]

http://theweek.com/speedreads/781952/mi ... thing-else

What is the Venezuelan Military waiting for? We're about to have a full blown human travesty. How can Maduro hold power? I don't get it....at +40,000%, how can he pay/feed his goons

I've read stories that the Military has taken control of water and water trucks

Yeah - to divert them to the homes of government officials and military officers