Venezuela Crisis: Failed coup attempt by Juan Guaido; Military remains supporting Nicholas Maduro

[Duppy]

Venezuela's US-Backed Coup Leader Immediately Targets State Oil Company, Requests IMF Money | The Grayzone



Bolsonaro a champion for development in the region and democracy now At some point people really need to stop falling for the bullshyt their government feeds them

 

[Secure Da Bag]

Bloomberg - Are you a robot?

Nicolas Maduro’s embattled Venezuelan regime, desperate to hold onto the dwindling cash pile it has abroad, was stymied in its bid to pull $1.2 billion worth of gold out of the Bank of England, according to people familiar with the matter.

...

The U.S. officials are trying to steer Venezuela’s overseas assets to Guaido to help bolster his chances of effectively taking control of the government. The $1.2 billion of gold is a big chunk of the $8 billion in foreign reserves held by the Venezuelan central bank. The whereabouts of the rest of them is largely unknown. Turkey, though, has emerged recently as a destination for freshly mined Venezuelan gold.

 

[thatrapsfan]

@thatrapsfan youve been saying that sanctions haven’t had an affect but I heard on NPR that the govt has been unable to remit earnings from all of their Citgo stations in the US. Couldn’t that just as easily help make a bad situation much worse for Venezuela?

Here’s an overview of American sanctions on Venezuela: https://fas.org/sgp/crs/row/IF10715.pdf

The economic sanctions are focused on restricting their ability to issue or trade bonds through their oil company and CITGO in US financial markets. This was already limited without sanctions, because no one was lending to Venezuela in the first place, with their economy melting down since oil price crash in 2014. To bolster my earlier point, these limited economic sanctions were only introduced in 2017 under Trump.

Prior to that the only sanctions which existed where targeted on individual government officials accounts. Venezuela’s crisis now is at least 5 years old. There’s simply no correlation between their economic state and these sanctions.

This is not like Iraq, or even the renewed Iran sanctions, where sanctions were also
imposed on oil revenue. It’s ironically America refineries which have always lobbied against this because many in Gulf coast are built to refine heavy crude like that found in Venezuela ( and Alberta).

 

[2Quik4UHoes]

Here’s an overview of American sanctions on Venezuela: https://fas.org/sgp/crs/row/IF10715.pdf

The economic sanctions are focused on restricting their ability to issue or trade bonds through their oil company and CITGO in US financial markets. This was already limited without sanctions, because no one was lending to Venezuela in the first place, with their economy melting down since oil price crash in 2014. To bolster my earlier point, these limited economic sanctions were only introduced in 2017 under Trump.

Prior to that the only sanctions which existed where targeted on individual government officials accounts. Venezuela’s crisis now is at least 5 years old. There’s simply no correlation between their economic state and these sanctions.

This is not like Iraq, or even the renewed Iran sanctions, where sanctions were also
imposed on oil revenue. It’s ironically America refineries which have always lobbied against this because many in Gulf coast are built to refine heavy crude like that found in Venezuela ( and Alberta).

Then it truly underscores the tremendous mismanagement done by the Maduro regime. Also proves that the war hawks in Trump’s admin. are eager to get some action in since they slapped those extra sanctions hurting their Citgo assets. It probably goes back to Chavez too since I think oil prices dropped while he was still around.

Another thing I want to know is what is happening to the aid going to the country? I’m sure it’s being siphoned off to corrupt officials but it’d be nice to know. A shame what economic mismanagement can do. If only there was someone amongst the Chavistas that could be a viable alternative to Maduro.

 

[FAH1223]

Then it truly underscores the tremendous mismanagement done by the Maduro regime. Also proves that the war hawks in Trump’s admin. are eager to get some action in since they slapped those extra sanctions hurting their Citgo assets. It probably goes back to Chavez too since I think oil prices dropped while he was still around.

Another thing I want to know is what is happening to the aid going to the country? I’m sure it’s being siphoned off to corrupt officials but it’d be nice to know. A shame what economic mismanagement can do. If only there was someone amongst the Chavistas that could be a viable alternative to Maduro.

Oil prices collapsed in 2014 which was about 18 months after Hugo Chavez died.

Maduro has rejected international aid for the most part. Why? I'm thinking its cause the government won't accept its failures and mistakes.

 

[ill]

You are trash. CITGO isn't helping the people.

Citgo helps poor Americans with cheap heating oil. Shout out to Joe Kennedy.

 

[Cuban Pete]

Lol at America and Britain just telling nikkas nah you cant have this gold back pleighboi



fukking anglo saxons have been gooning for a whole millenia with damn near impunity

 

[Reece]

I have no right to say anything about the situation. The inflation rate in Venezuela is nearing 1 million percent. We'd be screaming if that was happening here. We started getting antsy when gas was over five dollars. Once Maduro runs out of money, his generals will lead him out the building personally.

 

[Perfectson]

I have no right to say anything about the situation. The inflation rate in Venezuela is nearing 1 million percent. We'd be screaming if that was happening here. We started getting antsy when gas was over five dollars. Once Maduro runs out of money, his generals will lead him out the building personally.

Despite what others have written , you do have several coubtries meddling in Venezuela affairs, add to the fact that we refuse to "help" matters makes it worse.

At this point the damage is done, Maduro needs to walk away, he cannot fix this problem and sometimes you have to let the tides roll over.

 

[Perfectson]

AMLO invited both Maduro and Guaido for dialogue in Mexico and Guaido refused For a guy that wants democracy he's certainly very afraid of actually challenging the government in talks or elections

Why would he , he's now have the upper hand, he doesn't need to talk when he has the winning hand.

C’mon breh, this is Maduro propaganda and not even well made propaganda.

You can’t seriously beleive the opposition is behind the food shortages and hyperinflation? The military literally has control over food distribution ( power given by Maduro) and has actually used the power to enrich themselves. The opposition has zero control over any organs of power.

Venezuela’s hyperinflation has zero to do with sanctions, most of which are directed at personal assets of Maduro and his key associates. The crisis started the moment the global oil price crashed and they refused to adjust their fiscal policy ( currency and price controls). The crisis predates any of the sanctions placed on Maduro. This is without even touching on the legions of wildly authoritarian gambits he’s pulled with their legislative and judicial institutions. If Bolsonaro did even anything remotely resembling what Maduro has to Brazil’s institutions, leftists would be on the streets around the globe ( and rightfuly so).

There is simply no explaining how the country with the biggest oil reserves in the world has 3 million refugees, widespread malnutrition and hunger, and the highest inflation in the world that places the blame on foreign hands.

And this is in a nutshell is why true socialism does not work (unless people are robots ). @For Da Bag @storyteller

You ask how? It's easy, they had oil revenues and subsidized imported goods and food. When oil revenues slowed, they couldn't afford to subsidize foods, they so had to pay off loans. Some people believe a country cannot go bankrupt because they can just print more money. What you're seeing is exactly what I've been explaining to others regarding a countries economy . Without those food subsidies and the VZ dollar devaluation, hyper inflation has taken hold. They tried to correct this by issuing sicad and Dicom exchange rates but people have set up black markets to exchange USD/Euros. Btw rich people in Venezuela are able to play these exchange rates by doing business in the US and exchsnging in black market rates
@King Kreole

 

[Perfectson]

@King Kreole yeah weren't you the guy that said a country can just print more money in a socialist economy? I mentioned Venezuela and you kinda dismissed it sincere there's a topic on it, why don't you join in and learn something beyond your economics 101 course.

 

[Cynic]

@King Kreole yeah weren't you the guy that said a country can just print more money in a socialist economy? I mentioned Venezuela and you kinda dismissed it sincere there's a topic on it, why don't you join in and learn something beyond your economics 101 course.

Automation/deep learning technology will lead to sky high unemployment rates and social unrest ...

 

[2Quik4UHoes]

Oil prices collapsed in 2014 which was about 18 months after Hugo Chavez died.

Maduro has rejected international aid for the most part. Why? I'm thinking its cause the government won't accept its failures and mistakes.

Smfh, I mean I knew Maduro was bad but goddamn this nikka ain’t shyt. Honestly, the conspiracy theorist in me thought that America got Chavez that cancer like how Putin poisoned one of those dissidents because Maduro doesn’t hold a candle to him as a leader. Plus America has been funding the hardcore opposition through USAID and I believe the Center for the Americas also so we know who Washington wants running things. Hell if Leopoldo Lopez was free this would be a bigger shytshow since Guaido is a total unknown compared to Lopez who is the child of a well known ultra-rich aristocrat family that, along with the rest of the ultra rich, want a reversal of the Bolivarian Revolution.

A book I was reading not too long ago talked about how socialist movements, oftentimes because of the missteps of leadership, leads to situations like this where the just as bad west will use humanitarianism as a means to galvanize the more left leaning citizens that intervention is the best course of action without so much as a thought of whether or not intervention will work or if it’s appropriate. As much as I am not a fan of U.S. intervention, Maduro’s gross mismanagement gives them the grounds to do it unfortunately.

With all the saber rattling and high stakes games of chicken. I’m hoping that it’s enough to scare Maduro into being more sensible through mediation. Any overthrows or coups might send this situation into potential civil war/military junta territory.

 

[Secure Da Bag]

And this is in a nutshell is why true socialism does not work (unless people are robots ). @For Da Bag @storyteller

You ask how? It's easy, they had oil revenues and subsidized imported goods and food. When oil revenues slowed, they couldn't afford to subsidize foods, they so had to pay off loans. Some people believe a country cannot go bankrupt because they can just print more money. What you're seeing is exactly what I've been explaining to others regarding a countries economy . Without those food subsidies and the VZ dollar devaluation, hyper inflation has taken hold.

So a country that became overly dependent on one commodity, didn't diversify its economy, and let its infrastructure deteriorate is the poster child for the reason why socialism doesn't work?

HINT: My question is the answer.

 

[Perfectson]

Automation/deep learning technology will lead to sky high unemployment rates and social unrest ...

Wtf does this have to do with what you quoted me on, you tin foil hat Moron?