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

[YaThreadTrashB!]

@thatrapsfan still don't think a military solution will happen. How does Maduro get unseated

It's amazing how time and time again the government can't agree on anything but foreign intervention



Is it just instilled in the representatives to feel like they have to overthrow foreign governments or what

 

[YaThreadTrashB!]

Removing a government is easy. Replacing it and governing is hard. You better have a very good plan post Maduro because it could all go to shyt. From what I have seen there is no detailed planning from anybody other than Maduro must go. We have seen this movie before and in all honestly knowing the various armed factions in the ground in Venezuela once Marduro is gone it would be Colombia in the 80s on steroids. But knowing Trump, Pence, Bolton, Abrams all of which are incompetent they will only plan just to remove Maduro militarily and set up Guaido as president. Anything beyond that they will just sit back. It will be like Libya 2.0. Remove the regime but have no plans for after. Which leaves open to zealous pro Bolivarian elements in the military, colectivos, and national militias wreak havoc in post Maduro. And from the looks of it this is the scenario likely to happen. Trump and co will remove Maduro put in Guaidó and no plan for the aftermath.

Except this isn't just a republican problem samething happened with Obama and Gaddafi which led directly to isis

 

[Hood Critic]

This is what all that spicy talk is going to get you...Maduro is not going to go away quietly. But on the flipside, Bolton and company don't want him to.

 

[88m3]

Except this isn't just a republican problem samething happened with Obama and Gaddafi which led directly to isis

 

[PoorAndDangerous]

the neocons are like some starving hyenas right now.

Regardless of how you feel about Gaddafi that video of him being killed was one of the most disturbing things I've seen, I'll never forget the look on his face, it was utter disbelief..the media is playing their part painting Maduro as a murdering dictator while Trump helps covers up Saudia Arabia (who by the way were responsible for 9/11) torturing and murdering a US citizen, our imperialistic nature is disgusting. Wonder what will be the straw that breaks the camels back this time. Trump already said it was too late for discussions & you know he'd love to be a war time president.

 

[dtownreppin214]

Regardless of how you feel about Gaddafi that video of him being killed was one of the most disturbing things I've seen, I'll never forget the look on his face, it was utter disbelief..the media is playing their part painting Maduro as a murdering dictator while Trump helps covers up Saudia Arabia (who by the way were responsible for 9/11) torturing and murdering a US citizen, our imperialistic nature is disgusting. Wonder what will be the straw that breaks the camels back this time. Trump already said it was too late for discussions & you know he'd love to be a war time president.

The straw that breaks the camels back will be when the Mueller report drops. The moment he appointed Bolton to his cabinet, I knew he intended on using an international conflict to distract the weak ass media in this country from his own crimes.

 

[88m3]

Regardless of how you feel about Gaddafi that video of him being killed was one of the most disturbing things I've seen, I'll never forget the look on his face, it was utter disbelief..the media is playing their part painting Maduro as a murdering dictator while Trump helps covers up Saudia Arabia (who by the way were responsible for 9/11) torturing and murdering a US citizen, our imperialistic nature is disgusting. Wonder what will be the straw that breaks the camels back this time. Trump already said it was too late for discussions & you know he'd love to be a war time president.

One wrong doesn't make another wrong right

 

[88m3]

@thatrapsfan

Washington Post
1 hr ·
“This is what Maduro doesn’t want the world to see," said Univision reporter Enrique Acevedo.


About this website

WASHINGTONPOST.COM

Maduro detained journalists after they showed him video of people eating garbage, Univision says
Ramos and his crew were freed shortly after, but government officials confiscated some of their equipment, Univision says.

 

[Domingo Halliburton]

If venezuela didnt have a bunch of oil would we even give a shyt?

 

[Domingo Halliburton]

From 2016. Only sanctions in place were the ones Obama put in 2015 against 7 officials...

How to fix Venezuela

But as Mark Weisbrot — the co-director of the Center for Economic Policy Research, who has written extensively on Venezuela and Latin America — explained to The Week, the main reason for Venezuela's troubles is likely a lot more technocratic, and a lot more banal: Namely, their currency exchange system is a mess.

Venezuela isn't quite as socialist as many people assume. The government does run the country's oil industry, and it gets a bit over half its revenue from international oil sales. But the rest of its revenue comes from taxes, just like in America. The government employs about 20 percent of Venezuela's workforce, which is actually a smaller portion than you see in many major European countries, and is roughly the same as you'd find in France. "It's not Cuba," as Weisbrot put it.

Now, consider Venezuela's currency exchange system, which governs how much Venezuela's currency — the bolívar — trades for against other currencies — most importantly the U.S. dollar. A functional currency exchange system is important because it allows all the various parts of a country's economy to exist in dynamic equilibrium with the flow of goods and services coming in from outside the country; it allows the domestic economy to adapt and rebalance as flows of exports and imports change.

America has a floating exchange rate. The dollar isn't pegged to anything, like another currency or the value of gold. So how much of another currency you get in exchange for a dollar "floats" up and down all the time, reacting to countless forces in the market.

Venezuela's system, by contrast, is a dysfunctional mess. The country's official exchange rate is pegged to the dollar — specifically, it's 10 bolívares for $1. So no matter what happens, whenever the government does business with anyone, it gets or gives 10 bolívares for every $1.

But there's also an enormous black market currency exchange. This is where the hyperinflation is coming from: The number of bolívares you can get for $1 on the black market has rocketed up to well over 1,000, and may go considerably higher.

This causes no end of problems. The black market inflation raises the price of imports for basic goods, which drives the government to clamp down with rationing and price controls, which causes shortages, which drives more people into the black market, which drives the black market exchange rate ever higher and feeds further inflation. It leads to rampant theft and corruption, because if you can get your hands on U.S. dollars you can make a killing in bolívares. It causes people to engage in all sorts of economically irrational behavior, like stockpiling dollars for their own sake because they're the only stable store of value; or taking real goods and commodities out of Venezuela to sell them elsewhere for U.S. dollars, so they can return to Venezuela with those dollars and make a killing.

For the government, the situation creates a needless fiscal deficit. The government sells oil on the international market and generally gets U.S. dollars in exchange, and then it sells those U.S. dollars to people in Venezuela, since Venezuela's economy relies heavily on imports denominated in U.S. dollars for so many everyday goods. But of course, the government only gets 10 bolívares back for each $1. Which isn't enough to balance its finances.

Fixing Venezuela's problems — or at least the crucial first step — is thus relatively straightforward, Weisbrot argues: Unify the exchange system into one floating rate that everyone, including the government, uses. This would allow the government to get its fiscal house in order, and give Venezuelans a stable place to go to trade in the country's own currency.

Because of the rampant dysfunction and currency speculation in the black market, it's hard to know the "real" market value of the bolívar. But Weisbrot figures Venezuela's currency would stabilize around a few hundred bolívares for every dollar.

Once that's done, Venezuela would need to put a system of cash aid in place so its citizens can afford to buy basic necessities like food. And it would need to eliminate the rationing and price control regulations, which really do play havoc with the market.

Finally, Venezuela's government should invest in new and different industries that would allow the country to diversify away from oil. There's no reason for Venezuela to rely so heavily on imports for food — it got 24 percent of its food from abroad in 2011, the last year for which data is available — and relying on imports for basic necessities has of course interacted horribly with the currency system's problems.

Unfortunately, moving to a unified floating exchange system is unpopularwith the Venezuelan public, precisely because it would involve a one-time but very big drop in the official value of the bolívar against the dollar.

Still, it's worth remembering that Venezuela's problems are not really what either the country's own president or his American critics would have you believe.

Yeah this is simple. They need to adopt the US dollar or euro as their currency or let the bolivar freely float.

 

[Perfectson]

Yeah this is simple. They need to adopt the US dollar or euro as their currency or let the bolivar freely float.

i believe it is now freely floating on the new exchange system

@thatrapsfan

Washington Post
1 hr ·
“This is what Maduro doesn’t want the world to see," said Univision reporter Enrique Acevedo.


About this website

WASHINGTONPOST.COM

Maduro detained journalists after they showed him video of people eating garbage, Univision says
Ramos and his crew were freed shortly after, but government officials confiscated some of their equipment, Univision says.

where's all the people saying Maduro wasn't bad and wasn't doing anything wrong? If it wasn't the most popular journalist in latin america, he would have been tortured, beaten, and probably jailed if not killed.

 

[Tres Leches]

i believe it is now freely floating on the new exchange system



where's all the people saying Maduro wasn't bad and wasn't doing anything wrong? If it wasn't the most popular journalist in latin america, he would have been tortured, beaten, and probably jailed if not killed.

The Latin American dictator m.o. is first they steal your cameras and equipment to threaten you if you don’t obey then they put the owner in jail and shutdown his tv news channel. Finally they go to court where the judge accuses him of terrorism and or inciting hatred and he goes away for many years


For the most part they all copy the same playbook left or right don’t matter

 

[WaveMolecules]

The Venezuelans I met in Colombia hate Maduro.

Its mismanagement and corruption, plain and simple.

fukk Maduro.

I've seen people selling origami hats, and bags made out of Venezuelan currency. Its absurd.

 

[Secure Da Bag]

I've seen people selling origami hats,

:mjheartburn:

 

[Cynic]

If venezuela didnt have a bunch of oil would we even give a shyt?