Maduro to Venezuelans: "God will provide"

[SolidIce]

http://news.yahoo.com/economy-tatters-venezuelas-maduro-tells-citizens-god-210857302.html

Economy in tatters, Venezuela's Maduro tells citizens 'God will provide'

Venezuelans have been hit hard by plummeting oil prices and high inflation, and Maduro outlined no specific solutions in his highly anticipated address to the nation last night...

At a pharmacy in Caracas Thursday morning, hundreds of people stood in line hoping to get their hands on diapers and other essentials inside. Queuing up has become routine for many here, as Venezuela has struggled to pay for the import of most of its goods...

The Venezuelan economy is in tatters with higher than 64 percent inflation and dwindling foreign reserves. Protests like those that paralyzed the country last February are beginning to sprout up again. Maduro

 

[Shime Waza]

The whole Presidential press conference was a waste of time talking a bunch of nonsense, giving a 15% increase of minimun wage that with the high inflation eating the country means shit, all while deflecting and pointing fingers to others on the real issues the country is having.

This is your regular day in the market and in some instance mall nowadays

People getting mark like cattle in the proccess too.

 

[SolidIce]

The whole Presidential press conference was a waste of time talking a bunch of nonsense, giving a 15% increase of minimun wage that with the high inflation eating the country means shit, all while deflecting and pointing fingers to others on the real issues the country is having.

This is your regular day in the market and in some instance mall nowadays

People getting mark like cattle in the proccess too.

Those pictures are fucking crazy. Feel bad for them. Venezuelan needs a coup, bad. Or revolution. That Cuban style oppression wont work in a country with land borders/neighbors w normal economies

 

[IDL]

It's the job of the leader to tell everyone it will be all good. Regardless of circumstances.

Wouldn't want them revolting and causing problems.

 

[DespicablePeep]

Don't feel sorry, people voted for Chaves fuck them

 

[Ippwnage]

Don't feel sorry, people voted for Chaves fuck them

yeah, let them all starve and die. right? I mean, "we" voted for obama and bush jr each twice

 

[Ruprecht]

Don't feel sorry, people voted for Chaves fuck them

Hey I understand you don't care about impoverished, starving people, but there's American corporate profits at stake here too!

 

[PabloZed]

Venezuela sits on the first or second largest reserves of oil and gas and yet this is what they have.

Maduro needs to say "fuck it" and ask Obama to rescue the country. As everyone at Davos is saying, Obama and the US are propping up the world economy.

 

[Ruprecht]

Venezuela sits on the first or second largest reserves of oil and gas and yet this is what they have.

Maduro needs to say "fuck it" and ask Obama to rescue the country. As everyone at Davos is saying, Obama and the US are propping up the world economy.

They're screwed. Venezuela needed oil to be at 117.50 to balance their budget.

Current price is actually @$48.

 

[PabloZed]

They're screwed. Venezuela needed oil to be at 117.50 to balance their budget.

Current price is actually @$48.

Oil price drop only exposed what were already awful policies. The same is true for Russia.

The funny thing about that chart, though, is the Iranian oil minister claimed recently that $25/bl oil was fine for Iran. I think only Kuwait and the Saudis can actually withstand oil this low for the long term.

 

[Ruprecht]

Oil price drop only exposed what were already awful policies. The same is true for Russia.

The funny thing about that chart, though, is the Iranian oil minister claimed recently that $25/bl oil was fine for Iran. I think only Kuwait and the Saudis can actually withstand oil this low for the long term.

Being an Iranian Minister requires you to be a fairly high level bullshit artist.
Even without their expensive socialist policies and currency control, I think Venezuela would be in serious recession over this though.

 

[MadSquabbles500]

What exactly is it that they cannot seem to get enough of?

Is it food or water, or what? They have their own fuel supply. If they count on exporting that fuel for money they must have enough for themselves. They dont live in a desert. They can farm and fish. Do they not have enough yield to feed themselves? Couldnt they just make a deal with another poor latin country like El Salvador, Guatemala, Honduras to trade some food for fuel? They live in a rain forest, and have a long coast line. They should not be having water issues only mismanagement issues.

Besides the food and the fuel, I guess they ought to learn from the indigenous tribes in the jungle on how to live frugally. Like what do the indigenous tribes use for diapers? How do they handle that situation? I doubt they mozy on over to the El Walmarto for everything.

 

[kintana]

I lived in Venezuela full time until april was recently there for a few months. It is terrible what has happened to the country.

Venezuela's relationship with cuba was basically Cuba controlling Venezuela. Maduro was very upset after a decade of supporting Cuba. Cuba basically took their money and dealt with the USA. Maduro even said he did not understand this.

Chavez and Maduro fought so hard to buy back industries from US companies. But now Maduro sold two nationalized industries to China last week for 25 Billion. I remember when chavez bought back CANTV. He said Venezuela is no longer a slave. Yet now two of our most promising industries are 100% sold to China.

I have always said. Venezuela is still a slave except now we have new masters.

Remember Chavez originally planned to have Cabello succeed him. But then he elected Maduro. Cabello was very well known for his distaste of the cuban-venezuela deal. In which cuba received $4bn a year annually in return Venezuela received sports coaches and first aid doctors.

All that oil money Venezuela had was wasted on pointless projects. And now Venezuela has overvalued it's currency so much that they can no longer return to full form. And before Venezuela had the strongest currency in latin america

The stores are very empty and a rationing system started. The nationalised industries can't even produced basic goods like milk and toilet paper that we have to import. The problem is imports have a heavy tax. It cost the equivalent of 1 month salary to buy imported milk.

 

[PabloZed]

I lived in Venezuela full time until april was recently there for a few months. It is terrible what has happened to the country.

Venezuela's relationship with cuba was basically Cuba controlling Venezuela. Maduro was very upset after a decade of supporting Cuba. Cuba basically took their money and dealt with the USA. Maduro even said he did not understand this.

Chavez and Maduro fought so hard to buy back industries from US companies. But now Maduro sold two nationalized industries to China last week for 25 Billion. I remember when chavez bought back CANTV. He said Venezuela is no longer a slave. Yet now two of our most promising industries are 100% sold to China.

I have always said. Venezuela is still a slave except now we have new masters.

Remember Chavez originally planned to have Cabello succeed him. But then he elected Maduro. Cabello was very well known for his distaste of the cuban-venezuela deal. In which cuba received $4bn a year annually in return Venezuela received sports coaches and first aid doctors.

All that oil money Venezuela had was wasted on pointless projects. And now Venezuela has overvalued it's currency so much that they can no longer return to full form. And before Venezuela had the strongest currency in latin america

The stores are very empty and a rationing system started. The nationalised industries can't even produced basic goods like milk and toilet paper that we have to import. The problem is imports have a heavy tax. It cost the equivalent of 1 month salary to buy imported milk.

Thanks for your comments. An insider's perspective is so interesting.

I fully understand the hatred for the US in the past. We meddled way too much in Latin American politics. But now, despite the naysayers, the US is under new management. I want Venezuela to be independent but a friend of the US because I want the people to prosper.

Despite it being not in the US interest, I hope China can help Venezuela.

 

[Shime Waza]

What exactly is it that they cannot seem to get enough of?

Is it food or water, or what? They have their own fuel supply. If they count on exporting that fuel for money they must have enough for themselves. They dont live in a desert. They can farm and fish. Do they not have enough yield to feed themselves? Couldnt they just make a deal with another poor latin country like El Salvador, Guatemala, Honduras to trade some food for fuel? They live in a rain forest, and have a long coast line. They should not be having water issues only mismanagement issues.

Besides the food and the fuel, I guess they ought to learn from the indigenous tribes in the jungle on how to live frugally. Like what do the indigenous tribes use for diapers? How do they handle that situation? I doubt they mozy on over to the El Walmarto for everything.

The government took private company that that use to produce and send them to bankrupcy, they have been trying to get their hands on Polar the biggest food producer company in the country for years, and some of this trades in order to get food end in huge scams or with something fishy there was a fraud with some rice from argentina that never came and other case of medicine that was brought with the expiration date almost passed so it can be brought on the cheap to name some examples, the huge corruption in the country and the failed economic model and is to expect shit to be fucked up.

 

[Shime Waza]

I lived in Venezuela full time until april was recently there for a few months. It is terrible what has happened to the country.

Venezuela's relationship with cuba was basically Cuba controlling Venezuela. Maduro was very upset after a decade of supporting Cuba. Cuba basically took their money and dealt with the USA. Maduro even said he did not understand this.

Chavez and Maduro fought so hard to buy back industries from US companies. But now Maduro sold two nationalized industries to China last week for 25 Billion. I remember when chavez bought back CANTV. He said Venezuela is no longer a slave. Yet now two of our most promising industries are 100% sold to China.

I have always said. Venezuela is still a slave except now we have new masters.

Remember Chavez originally planned to have Cabello succeed him. But then he elected Maduro. Cabello was very well known for his distaste of the cuban-venezuela deal. In which cuba received $4bn a year annually in return Venezuela received sports coaches and first aid doctors.

All that oil money Venezuela had was wasted on pointless projects. And now Venezuela has overvalued it's currency so much that they can no longer return to full form. And before Venezuela had the strongest currency in latin america

The stores are very empty and a rationing system started. The nationalised industries can't even produced basic goods like milk and toilet paper that we have to import. The problem is imports have a heavy tax. It cost the equivalent of 1 month salary to buy imported milk.

What you saying is what me and some family members been talking for years , Venezuela was getting pimp out by Cuba and when the US open relation with Cuba they basically gave Maduro the cold shoulder. even the Cubans working in Venezuela are leaving and so much talking about the Empire(USA) taking resources from Venezuela while letting Rusia and China tearing you a new asshole.

 

[Shime Waza]

Thanks for your comments. An insider's perspective is so interesting.

I fully understand the hatred for the US in the past. We meddled way too much in Latin American politics. But now, despite the naysayers, the US is under new management. I want Venezuela to be independent but a friend of the US because I want the people to prosper.

Despite it being not in the US interest, I hope China can help Venezuela.

China will help Venezuela allright but they better learn chinese over there, when Maduro was asking for 16b of dollars they told him ok but give us the total control of CGV the state corporation in charge of minerals like gold, diamonds,aluminium,etc.

If you add the amount of money that is already in debt, they better start calling China massa.

 

[clmetal]

Thanks for your comments. An insider's perspective is so interesting.

I fully understand the hatred for the US in the past. We meddled way too much in Latin American politics. But now, despite the naysayers, the US is under new management. I want Venezuela to be independent but a friend of the US because I want the people to prosper.

Despite it being not in the US interest, I hope China can help Venezuela.

[aduro needs to say "fuck it" and ask Obama to rescue the country. As everyone at Davos is saying, Obama and the US are propping up the world economy

Wow, you are still an Obama diehard? So you understand countries hating the US before Obama, but not now. He can bring the Midas touch to them.

Anyways, although you think latin american people are justified for hating the US, very few of them do. Don't conflate what Canadians and Europeans want vs reality

 

[PabloZed]

Wow, you are still an Obama diehard? So you understand countries hating the US before Obama, but not now. He can bring the Midas touch to them.

Anyways, although you think latin american people are justified for hating the US, very few of them do. Don't conflate what Canadians and Europeans want vs reality

Not quite sure of your point, but Obama is the leader of the world and can provide whatever Venezuelans need, which is capital and investment right now.

 

[Orgasmo]

While we mentioned Cuba, Fidel Castro actually wanted a close relationship with US right after he took power. He even flew to US seeking to meet with Eisenhower. However, Eisenhower decided a game of golf was more important than meeting him, and started hosting right wing Cuban exiles in meetings. That forced Castro to fall back to Soviet Union for support, becoming one of the major blunders of US diplomatic history.