Presales of the “Petro”, allegedly backed by petroleum that Venezuela cannot produce, started today. Maduro hopes to resuscitate the economy.
The move cannot possibly work. The problem is Maduro, and socialism in general. Some Tweets will explain.
Ludwig von Mises hits the nail on the head with this one! Just look at those suffering in Venezuela, India, etc. right now. pic.twitter.com/tKR80jjidf
— Steve Hanke (@steve_hanke) February 20, 2018
Venezuela to pre-sell its ‘petro’ cryptocurrency tomorrow. This is chavismo drinking their own Kool-Aid. A word of advice: Don’t drink it either. https://t.co/vdkxSywEgZ
— Steve Hanke (@steve_hanke) February 19, 2018
#Venezuela is yet another example of the consequences of socialist policies. pic.twitter.com/0piNBz9vpb
— Steve Hanke (@steve_hanke) February 12, 2018
Venezuela’s annual #inflation rate today is 5600%. pic.twitter.com/HuUzsPMWRw
— Steve Hanke (@steve_hanke) February 19, 2018
#Venezuela is wreck. Food shortages and subsistence-level living conditions are the result of incompetent leadership ( i.e. #Maduro is another example of an socialist malcontent). No wonder thousands upon thousands are fleeing. https://t.co/iw7lVcq4eX
— Steve Hanke (@steve_hanke) February 17, 2018
Case closed.
MIke “Mish” Shedlock
link to pasutri-makassar.com
link to obatperangsangmanjur.net
I don’t understand your comment “it won’t work”.The petro seems to me like a prepaid coupon that you can redeem for a barrel of oil, whatever its price at the time of redemption, in a currency that permits purchasing etherium coins. The fact that there are only 100 million is incidental and probably based on the venezuelan requirement of funds at the present.Essentially Maduro is circumventing USA sanctions by offering to sell to parties who can arrange funds in ethereum. I do sincerely fear that he might be “Gaddhafi-ed”, because gaddhafi proposed selling libyan crude in Euro’s and was advocating for a goldbacked african common currency.
“I don’t think all our interventions are because of natural resources. What does Syria have?” A route for a gas pipeline that Assad declined to support.
You have bought into the propaganda rather well.
“I personally prefer real democracy.”
No place like The People’s Republic of Anywhere, for a true believer dupe.
Actually, the proposed pipeline thru Syria is for Nat gas. The U.S. wants to control the flow of petroleum all over the world.
For your information, I am not a socialist. I believe in a mixed economy with both public and private investment. But I do believe in democracy, and if a country wants to control their own resources (Iran, Venezuela), they should not be overthrown by a subversion campaign paid by the U.S. to benefit U.S. corporations.
Syria is of strategic importance to the Western oil companies because of the proposed oil pipeline to Europe for the Western oil companies. U.S. interventions: Iraq-oil, Libya-oil, Iran (1953)-oil, Afghanistan- proposed oil pipeline (TAPI). And now Venezuela…U.S. interventions usually happen in countries where the Western oil companies have interests. It is simply a fact. They tried to overthrow Chavez, but the army and the people supported Chavez. Now the U.S. intervention continues, and will continue until a U.S. stooge is in power who will turn Venezuela’s vast oil over to Western investors.
link to oilprice.com
Two hallmarks of practical socialism — starvation and mass murder. But, the promise of free stuff leads us all like lemmings to the sea.
Mexifornia is on its’ way to Total Socialism!
According to this link to en.wikipedia.org , they’re first. I don’t think all our interventions are because of natural resources. What does Syria have?
How do we rub the noses of Bernie Sanders’ supporters in this mess and make them realize the disaster that socialism is? They tend to ignore this mess or blame it on US meddling (see “philbq” above). They just cannot accept that socialists have solely destroyed a prosperous country. It clashes with their sense of reality. “It is easier to fool someone than it is too show them they have been fooled.” Mark Twain.
Majority rule is democracy. It means letting people decide who governs them. Sometimes people chose questionable leaders. The alternative is totalitarianism.
While I think the USA would be much better served by staying out of conflicts we have nothing to do with that’s not really what is happening in Venezuela.
What is happening in Venezuela is the result of a lot of people failing to think critically about their futures and entrusting their future to a central authority. Mix that with this idea that “majority rule” is the superior ideal of government, some nationalism, and this is exactly what you get.
The U.S. oil industry has lusted for Venezuela for a long time. Venezuela has the 2nd largest oil reserves in the world (after Saudi Arabia), and the U.S. govt. has been trying to install a U.S. stooge for many years. If Venezuela had no oil, the U.S. would not be spending millions to undermine the govt. and “make the economy scream” (Nixon’s command to Kissinger calling for the overthrow of Chile in 1972- it worked.) Look at U.S. interventions – it is almost always in countries with a wealth of natural resources. That is what is happening in Venezuela.
So the problems are not due to socialism but the result of US imperialism?
But there is a major factor that should be told. The self-appointed ruler of the Western Hemisphere, the U.S., is conducting a massive campaign of political and economic subversion against the Maduro government. It is channeled thru the “National Endowment for Democracy”, a U.S. govt. funded organization that intervenes in target countries , doing subversive work that used to be done by the CIA. They fund U.S.-approved political parties, pay labor unions to create labor unrest, promote anti-government demonstrations,etc. Also the media in Venezuela is owned by rightwing oligarchs and only has negative stories about the Maduro govt. So if you want to be a cheerleader for U.S. imperialism, go ahead. I personally prefer real democracy.
Unfortunately mish all the signs point to an increase in socialist candidates in the US..
I don’t think you’ll find a single reader disagreeing…