Vene suffers from corruption to corporate funded turmoil. The people really need to take control.
*files paperwork for Venezuela*
- Thread starter Julius Skrrvin
- Start date
just posting articles
They shouldn't have killed Chavez
Cancer powered satellite beam......
The Church Committee from the 70s let me know that ANYTHING is possible
The Church Committee from the 70s let me know that ANYTHING is possible
Man 6 leaders in S.A has cancer that is just odd. I mean they all different ages and walks of life. The alphabet boys this past decade are on a roll my god.
they show on pbs nova how advanced biological warfare is and how easy it is to inject someone.
they could've easily injected him when he was always going to ny and interacting with ppl.
they busted a bunch of israeli intelligence and kicked him out of there but by then it was too late. my nicca was already swol..
88m3
Fast Money & Foreign Objects
Airlines Move to Cut Off Service to Venezuela
By Peter Wilson March 20, 2014
Angela Freitas’s plans to visit her sister in Toronto this spring just hit a patch of turbulence after Air Canada suspended all flights to Venezuela on March 19. Freitas had hoped to see her sister—who emigrated to Canada a decade ago—in May. Now those plans are on hold as she scrambles to find another flight. “It took me forever to find a seat, and then Air Canada suspended operations here,” says Freitas, who is a housewife in the central city of Maracay. “My agent said other airlines are likely to follow suit.”
In a statement, Air Canada (AC/A:CN) said it was suspending operations due to the country’s “ongoing civil unrest” and ”onerous currency restrictions imposed on all airlines preventing them from recovering their funds from Venezuela.” Air Canada spokesman Peter Fitzpatrick said “there is nothing further to add at this time,” in an e-mail responding to questions.
Air Canada, which is reportedly owed $56 million, isn’t alone. Many carriers have cut back flights to the South American country, which owes them more than $3.5 billion from sales of tickets. Others are refusing to sell tickets in the Venezuelan currency, until difficulties in exchanging bolivars for dollars are resolved. The government of President Nicolás Maduro has been distracted from finding a solution, as the country has been rocked by near daily protests and demonstrations that have claimed 28 lives and left hundreds injured since Feb. 2.
Story: Can Malaysia Salvage Its Public Image?
“The number of seats being offered has fallen by 38 percent year over year,” says Humberto Figuera, who is executive president of the country’s airline association. “Some carriers have cut back capacity between 10 percent and 70 percent.”
Airlines are seeking to force Venezuela to allow them to remit proceeds from local sales in dollars. Under the country’s system of foreign exchange controls, access to dollars is tightly regulated. Airlines are supposed to receive dollars for the bolivars they receive from ticket sales, but long delays have occurred as Venezuela’s economy has tanked. The tight supply of greenbacks has led to widespread shortages of food, medicines, spare parts, and other products in a nation that imports about 70 percent of the goods it consumes.
Earlier this month, the International Air Transport Association (IATA) warned that international airlines would likely stop serving Venezuela unless the country took steps to resolve the issue. Carriers don’t want to acquire more bolivars, which aren’t exchangeable outside the country.
Story: Sometimes the Skies Really Are Friendly, and Travelers Say Thanks
“The situation is just getting worse and worse,” says Mildred Amaro, who owns the Barquero tourist agency in the central city of La Victoria. “Airlines have reduced the number of seats they’re offering, while other carriers, such as Colombia’s Avianca (AVH), have slashed flights. And the government doesn’t seem to realize what a problem this is.”
Government officials have made a number of proposals to airlines, offering to pay off the debt in jet fuel, bonds, and other financial instruments. Water and Air Transportation Minister Hebert García Plaza said after Air Canada’s decision that the government would soon start paying its debt from this year. He didn’t say when debts from 2012 and 2013 would be honored.
Figuera, whose association represents more than 20 international airlines, didn’t rule out additional suspensions of service. “Each airline has its own strategy for dealing with this issue,” he says.
Story: The Strategy Behind Virgin America's Business Travel Push in Texas
Smaller airlines, such as Ecuador’s Tame and Panama’s Copa (CPA), which rely more on their Venezuelan operations for profitability, are most affected and likely to take the most drastic actions, he said. Larger carriers are able to shoulder the problem better.
“I keep waiting to see what’s going to happen next in this country,” says Freitas, who admits that she is thinking about following her sister’s lead and leaving Venezuela for good. “I can’t find sugar. I can’t find coffee. I can’t find flour. And now I can’t visit my sister. Every time I think we hit bottom and nothing worse can happen, something proves me wrong.”
http://www.businessweek.com/articles/2014-03-20/airlines-move-to-cut-off-service-to-venezuela
By Peter Wilson March 20, 2014
Angela Freitas’s plans to visit her sister in Toronto this spring just hit a patch of turbulence after Air Canada suspended all flights to Venezuela on March 19. Freitas had hoped to see her sister—who emigrated to Canada a decade ago—in May. Now those plans are on hold as she scrambles to find another flight. “It took me forever to find a seat, and then Air Canada suspended operations here,” says Freitas, who is a housewife in the central city of Maracay. “My agent said other airlines are likely to follow suit.”
In a statement, Air Canada (AC/A:CN) said it was suspending operations due to the country’s “ongoing civil unrest” and ”onerous currency restrictions imposed on all airlines preventing them from recovering their funds from Venezuela.” Air Canada spokesman Peter Fitzpatrick said “there is nothing further to add at this time,” in an e-mail responding to questions.
Air Canada, which is reportedly owed $56 million, isn’t alone. Many carriers have cut back flights to the South American country, which owes them more than $3.5 billion from sales of tickets. Others are refusing to sell tickets in the Venezuelan currency, until difficulties in exchanging bolivars for dollars are resolved. The government of President Nicolás Maduro has been distracted from finding a solution, as the country has been rocked by near daily protests and demonstrations that have claimed 28 lives and left hundreds injured since Feb. 2.
Story: Can Malaysia Salvage Its Public Image?
“The number of seats being offered has fallen by 38 percent year over year,” says Humberto Figuera, who is executive president of the country’s airline association. “Some carriers have cut back capacity between 10 percent and 70 percent.”
Airlines are seeking to force Venezuela to allow them to remit proceeds from local sales in dollars. Under the country’s system of foreign exchange controls, access to dollars is tightly regulated. Airlines are supposed to receive dollars for the bolivars they receive from ticket sales, but long delays have occurred as Venezuela’s economy has tanked. The tight supply of greenbacks has led to widespread shortages of food, medicines, spare parts, and other products in a nation that imports about 70 percent of the goods it consumes.
Earlier this month, the International Air Transport Association (IATA) warned that international airlines would likely stop serving Venezuela unless the country took steps to resolve the issue. Carriers don’t want to acquire more bolivars, which aren’t exchangeable outside the country.
Story: Sometimes the Skies Really Are Friendly, and Travelers Say Thanks
“The situation is just getting worse and worse,” says Mildred Amaro, who owns the Barquero tourist agency in the central city of La Victoria. “Airlines have reduced the number of seats they’re offering, while other carriers, such as Colombia’s Avianca (AVH), have slashed flights. And the government doesn’t seem to realize what a problem this is.”
Government officials have made a number of proposals to airlines, offering to pay off the debt in jet fuel, bonds, and other financial instruments. Water and Air Transportation Minister Hebert García Plaza said after Air Canada’s decision that the government would soon start paying its debt from this year. He didn’t say when debts from 2012 and 2013 would be honored.
Figuera, whose association represents more than 20 international airlines, didn’t rule out additional suspensions of service. “Each airline has its own strategy for dealing with this issue,” he says.
Story: The Strategy Behind Virgin America's Business Travel Push in Texas
Smaller airlines, such as Ecuador’s Tame and Panama’s Copa (CPA), which rely more on their Venezuelan operations for profitability, are most affected and likely to take the most drastic actions, he said. Larger carriers are able to shoulder the problem better.
“I keep waiting to see what’s going to happen next in this country,” says Freitas, who admits that she is thinking about following her sister’s lead and leaving Venezuela for good. “I can’t find sugar. I can’t find coffee. I can’t find flour. And now I can’t visit my sister. Every time I think we hit bottom and nothing worse can happen, something proves me wrong.”
http://www.businessweek.com/articles/2014-03-20/airlines-move-to-cut-off-service-to-venezuela
Domingo Halliburton
Handmade in USA
Add the title of "loan shark to Dictatorships" to Goldman Sachs many varied roles around the world. As Venezuela teeters on the brink of tearings its utopian social fabric apart (by which we mean paying its soldiers while impoverishing its people to in order to maintain 'peace') crushed by plunging oil revenues, everyone's favorite American bank 'generously' offered to buy (from Venezuela) $4bn worth of oil debt owed by the Dominican Republic for 41% of its value, according to El Nuevo Herald. Doing god's work indeed. "This is a tremendous bargain for Goldman," said one source, as Venezuela is "liquidating the few assets they have, trying to find the cash flow, cash, they do not have."
Venezuelan bonds continues to crash
As El Nuevo Herald reports,
Cornered by liquidity problems, the regime of Nicholas Maduro sold to US investment bank Goldman Sachs obligations for more than $4,000 million Dominican Republic owed to Venezuela for oil supplied through Petrocaribe, receiving only 41 percent the total value of debt, sources close to the operation.
The transaction would involve a gain of 59 percent for Goldman Sachs, equivalent to $ 2.360 billion, on payment of $ 1.750 million grant to Venezuela for the obligations in August this year totaled about $ 4.090 million.
According to the sources, who spoke on condition of anonymity, Goldman Sachs is currently holding talks with the Venezuelan government to reach a similar agreement on oil debt that Jamaica has with the South American nation.
...
"This is a tremendous bargain for Goldman Sachs," said one of the sources. "The only negative is that it is a debt to 20 years, but the discount is as bestial, Goldman snatched from the hands in exchange for giving PDVSA a little liquidity."
But the operation denotes a high degree of desperation of the Venezuelan state whose oil sales generate more than 95 percent of the dollars entering the country.
"They're liquidating the few assets they have, trying to find the cash flow, cash, they do not have," said the source.
...
"They're scraping the pot" from New York said Venezuela's former ambassador to the UN, Diego Arria, who has close links with the international financial sector.
It is also a clear signal to the international markets on the economic problems facing the regime.
"A discount as significant [59 percent], besides the great monetary loss for the nation, is a great loss of credibility on the Venezuelan financial situation," said Arria.
"But it could also be a crime," the diplomat added. "Giving such obligations at a discount from those proportions, is attacking the national heritage".
...
But the financial crisis facing the regime generated great doubts about the country's ability to continue to support the costs of subsidizing oil economy with Cuba and its other allies.
based on 5 year swap rates Venezuela has a 80% chance of defaulting
88m3
Fast Money & Foreign Objects
wow, they really don't give a fukk.
@ filing paperwork for a country
Real talk might be the GOAT thread title
"y'all as a country just need to give it up" 
Real talk might be the GOAT thread title
sorry Venezuelans
Venezuela leader Nicolas Maduro seeks talks with Obama
The offer of dialogue may not be taken seriously, as Irene Caselli reports
sorry Venezuelans
88m3
Fast Money & Foreign Objects
They're literally better off praying than doing what they've done.
Argentina part 2 coming soon.
Supposedly things got heated between Saudi and Venezuela today in Geneva @ OPEC didn't read the full article though.
Argentina part 2 coming soon.
Supposedly things got heated between Saudi and Venezuela today in Geneva @ OPEC didn't read the full article though.