Venezuela Wake, countdown to implosion

Anything at all (keep it clean) goes here that does not fit in to any of the other forums.

Moderator: eeuunikkeiexpat

Post Reply
User avatar
admin
Site Admin
Posts: 17543
Joined: Sat Aug 26, 2006 11:02 pm
Location: Frutillar, Chile
Contact:

Venezuela Wake, countdown to implosion

Post by admin » Wed Feb 03, 2016 5:29 pm

I normally do not advocate swearing on the forum, unless extreme emphasis is needed (and then only at my discretion); but, this time I believe not only is it needed, it does not even come close to conveying the emergency use / crisis that would justify it. My policy on swearing is that there is a time and a place when there is a legit use, to get someone's attention. If you over use it, it is like crying wolf. At some point everyone just ignores that you swear, just like they might ignore you if you lie all the time (e.g. constant white lies about everything vs. 'no, sir I have no jews in my basement'). When you really need to swear (e.g. you just cut yourself, need assistance, and calmly alerting the people around you that you have a boo, boo just will not get you the attention you need immediately), you lost a very valuable survival tool just like using strategic use of lying, or judicious use of language in general (i.e. being a dependable reporter of how the world IS).

This is however I believe is the understatement of the year (please don't excuse the language):

this headline knocked me off my chair, and I realize it did not even do justice to the crisis.

"VENEZUELA IS SO FUCKED"
http://gawker.com/venezuela-is-so-fucked-1756851890


I have been following Venezuela for a while closely. Likely more than I ever have in my life, simply because of oil investments that stand to gain massively if Venezuelan oil goes offline (my bet for the most likely petrol-state to fail [well, already failed, just does not realize it yet {or at least the president does not realize it yet}]).
Spencer Global Chile: Legal, relocation, and Investment assistance in Chile.
For more information visit: https://www.spencerglobal.com

From USA and outside Chile dial 1-917-727-5985 (U.S.), in Chile dial 65 2 42 1024 or by cell 747 97974.

jamie_m
Rank: Chile Forum Citizen
Posts: 703
Joined: Sun Jan 06, 2013 8:52 pm
Location: Santiago

Re: Venezuela Wake, countdown to implosion

Post by jamie_m » Wed Feb 03, 2016 5:54 pm

Is there any need to read beyond the first sentence?

" Our nation has problems, and your nation has problems, but be thankful you don’t live in Venezuela, which is truly one of the most fucked places on earth. "

papageno
Rank: Chile Forum Citizen
Posts: 559
Joined: Wed Jul 22, 2015 6:46 pm
Location: Colorado & Puerto Varas

Re: Venezuela Wake, countdown to implosion

Post by papageno » Wed Feb 03, 2016 6:30 pm

The names and faces change, but not much else: the U.S. almost fought a war with Great Britain and Germany in 1902--over Venezuela, and it's inability to repay its debts. Well, actually the fight would have been to enforce the Monroe doctrine (keeping European powers from establishing a presence in South America), but the common thread is a corrupt Venezuelan government.

User avatar
admin
Site Admin
Posts: 17543
Joined: Sat Aug 26, 2006 11:02 pm
Location: Frutillar, Chile
Contact:

Re: Venezuela Wake, countdown to implosion

Post by admin » Wed Feb 03, 2016 8:27 pm

jamie_m wrote:Is there any need to read beyond the first sentence?

" Our nation has problems, and your nation has problems, but be thankful you don’t live in Venezuela, which is truly one of the most fucked places on earth. "
nope, pretty much covers it.

I have some friends in the south of Chile from Venezuela that relocated their family about 5 years ago, because they had 5 friends, that did not know each other, kidnapped in 2 months. 3 of them never came home.

I have another friend that has been in the Kidnap and ransom biz for 30+ years in Colombia. x-mi(the number is classified), and opened a branch of his biz in Venzuela a couple of years ago because Colombia was getting to stable.

When we go to Colombia for vacation, we tell him where we want to go, his office sends us an approved list of what hotels to stay at. From the 5 star to back packer hostels (sometimes they are most secure, because no one cares about someone that would stay there). really, Colombia has turned in to a country that is very safe, and no one has realized it yet there (or is not willing to let down their guard) because they are use to living in such a dangerous place. They are spending way too much on security, relative (at least to what I perceive) as a pretty safe country. way safer than Mexico and most of central america right now (i.e. safer than I have seen in 20+ years in those countries).

He visited us in southern Chile a few years ago. His best and first ever Chile quote and endorsement over dinner was, "I could never make a living here".
Spencer Global Chile: Legal, relocation, and Investment assistance in Chile.
For more information visit: https://www.spencerglobal.com

From USA and outside Chile dial 1-917-727-5985 (U.S.), in Chile dial 65 2 42 1024 or by cell 747 97974.

User avatar
admin
Site Admin
Posts: 17543
Joined: Sat Aug 26, 2006 11:02 pm
Location: Frutillar, Chile
Contact:

Re: Venezuela Wake, countdown to implosion

Post by admin » Thu Feb 04, 2016 4:25 am

700% inflation is forecast for this year.

I can not find it now, but it appears venzuela has already defaulted on it's china loans. They were suppose to ship something like 800.000 barrels of oil a day to china in payments. The oil shipping numbers are not even coming close to that.

a couple of weeks ago they told all the foreign oil companies, what few are left operating there, that they would have to pay for the dilutants needed to mix with the oil that is pumped. The government oil company can not afford to import them any more. Without them, the oil is too thick to export. It won't flow through pipes and such.
Spencer Global Chile: Legal, relocation, and Investment assistance in Chile.
For more information visit: https://www.spencerglobal.com

From USA and outside Chile dial 1-917-727-5985 (U.S.), in Chile dial 65 2 42 1024 or by cell 747 97974.

User avatar
admin
Site Admin
Posts: 17543
Joined: Sat Aug 26, 2006 11:02 pm
Location: Frutillar, Chile
Contact:

Re: Venezuela Wake, countdown to implosion

Post by admin » Thu Feb 04, 2016 10:55 am

The global misery index of inflation and unemployment, for what it is worth.

http://www.bloomberg.com/news/articles/ ... -economies

Venezuela #1 again

Chile moves from #20 to 25 this year, beating out most of Europe.
Spencer Global Chile: Legal, relocation, and Investment assistance in Chile.
For more information visit: https://www.spencerglobal.com

From USA and outside Chile dial 1-917-727-5985 (U.S.), in Chile dial 65 2 42 1024 or by cell 747 97974.

User avatar
seawolf180
Rank: Chile Forum Citizen
Posts: 1398
Joined: Tue Apr 06, 2010 6:49 pm
Location: Pichilemu

Re: Venezuela Wake, countdown to implosion

Post by seawolf180 » Thu Feb 04, 2016 1:10 pm

Keynes at work.
Don't Tread On Me Either.
crtv.com
conservativereview.com
Question Authority!

User avatar
admin
Site Admin
Posts: 17543
Joined: Sat Aug 26, 2006 11:02 pm
Location: Frutillar, Chile
Contact:

Re: Venezuela Wake, countdown to implosion

Post by admin » Thu Feb 04, 2016 5:56 pm

Venzuela secretly had to buy airplane loads of money because their printing presses could not handle the production, and has another 10 billion on order. The notes are now worth less than a napkin.

http://www.theaustralian.com.au/busines ... 8a8ea82ea0


Even kidnappers, require payment in other currencies. Just think about it, your hostage becomes worth less and less money as the negotiations drag on. So, you would want to drag out the negotiations for as long as possible.
Spencer Global Chile: Legal, relocation, and Investment assistance in Chile.
For more information visit: https://www.spencerglobal.com

From USA and outside Chile dial 1-917-727-5985 (U.S.), in Chile dial 65 2 42 1024 or by cell 747 97974.

User avatar
admin
Site Admin
Posts: 17543
Joined: Sat Aug 26, 2006 11:02 pm
Location: Frutillar, Chile
Contact:

Re: Venezuela Wake, countdown to implosion

Post by admin » Thu Feb 04, 2016 6:57 pm

The implosion is rather fascinating to watch from a purely economic history perspective.
The printing presses in Venezuela can’t print bolivars fast enough to keep up with demand, forcing Venezuelan president Nicolas Madura to place orders with currency printers in the United Kingdom, Canada, France, and Germany. The first five billion bank notes arrived in 36 Boeing 747 cargo planes late last year, with another ten billion expected to arrive in the next couple of months.

Ironically, the German printer Giesecke & Devrient is the same company that printed the banknotes following the First World War that fed Germany’s historic runaway inflation. That was a period remembered as a time when German money had to be carried in wheelbarrows, and was often used as kindling to start fireplaces during the cold German winters of the early 1920s.
http://www.thenewamerican.com/economy/e ... c-collapse
Spencer Global Chile: Legal, relocation, and Investment assistance in Chile.
For more information visit: https://www.spencerglobal.com

From USA and outside Chile dial 1-917-727-5985 (U.S.), in Chile dial 65 2 42 1024 or by cell 747 97974.

User avatar
admin
Site Admin
Posts: 17543
Joined: Sat Aug 26, 2006 11:02 pm
Location: Frutillar, Chile
Contact:

Re: Venezuela Wake, countdown to implosion

Post by admin » Thu Feb 04, 2016 7:03 pm

Maduro’s newly-appointed economic czar, Luis Salas, is even worse, if that were possible. Salas has written pseudo-scholarly screeds blaming businesses for the runaway inflation rather than his government’s policies. He even denies the existence of inflation. In one of those airy touchstones, 22 Keys to Understanding the Economic War, Salas wrote, "Inflation does not exist in real life. When a person goes to a shop and finds that prices have gone up, they are not in the presence of inflation."

Instead, he says the cause is “speculative-parasitic-vulture capitalism” coupled with a “global war of the planetary plutocracy.”
My wife and I once translated a Venezuelan supreme court ruling for a study a PhD student was conducting on international law. I swear the judges were all drunk. There is just no way to explain the trash they were spouting as reasoning of any sort. In fact, it hardly constituted communication. I read the first couple pages of the ruling and could not make sense out of any of it, so I turned to my wife and said, "my Spanish must not be able to handle this, I don't understand any of it".

She said, "no it really is that bad".
Spencer Global Chile: Legal, relocation, and Investment assistance in Chile.
For more information visit: https://www.spencerglobal.com

From USA and outside Chile dial 1-917-727-5985 (U.S.), in Chile dial 65 2 42 1024 or by cell 747 97974.

User avatar
admin
Site Admin
Posts: 17543
Joined: Sat Aug 26, 2006 11:02 pm
Location: Frutillar, Chile
Contact:

Re: Venezuela Wake, countdown to implosion

Post by admin » Thu Feb 04, 2016 7:05 pm

and this is the one I am waiting for:
There is only one positive that may be gleaned from the destruction of Venezuela: It is likely to take millions of barrels of crude oil off the market, which, Tyler Durden at Zerohedge suggests, may put in a bottom for the price of oil: "Once [Venezuela’s] inevitable sovereign bankruptcy hits, the resulting chaos and collapse in oil production [thanks to] the political and power vacuum … will serve as just the supply drop buffer the world oil market so desperately needs.
Spencer Global Chile: Legal, relocation, and Investment assistance in Chile.
For more information visit: https://www.spencerglobal.com

From USA and outside Chile dial 1-917-727-5985 (U.S.), in Chile dial 65 2 42 1024 or by cell 747 97974.

Andres
Rank: Chile Forum Citizen
Posts: 2696
Joined: Mon May 30, 2011 3:09 am
Location: in transit

Re: Venezuela Wake, countdown to implosion

Post by Andres » Fri Feb 05, 2016 5:29 am

http://www.bloomberg.com/news/articles/ ... nd-traitor

So, John, what is your opinion on this?
Chile: My expectations are low. Very low.
I accept chaos. I'm not sure whether it accepts me.

Post Reply