madhatter wrote:again you ( and others, ahem brownman) seem to lack any interest in anything but belittling trump...when you do that over every little thing, especially things you either misunderstand, misinterpret or simply don't care to know about, you become nothing but noise or in some cases, brownoise...
when you demonstrate such lack of understanding ( and seemingly a lack of intellectual curiosity as well) it's hard not to outright dismiss you w/o so much as a glance...but I got lots of time and I actually do want hear what the "opposition" has to say...so far it hasn't been much...
I never even mentioned Trump. nope, just his sanctions... same as you do with anything and everything trump...it's either too little, too much or just wrong as far as you are concerned...that you didn't specifically mention him by name is irrelevant...that it's getting stale and tired should come as no surprise to you...Sanctions that don't impact oil will have no material impact on Venezuela.
Tell me again, what's the value of Maduro's assets within US jurisdiction? Is he going to go without food or maybe just without an extra car?
what's the downside? what happens if things collapse and he tries to flee the country? AFAIK mexico and colombia are also involved...perhaps more countries will join in? perhaps then oil sanctions will be placed? nothing is off the table...
all assets of Nicolas Maduro subject to U.S. jurisdiction are frozen, and U.S. persons are prohibited from dealing with him."
Venezuela main imports are: electronics (32 percent of total imports), chemical products (18 percent), agricultural products and livestock (11 percent), base metals (8 percent) and food, beverages and tobacco (6 percent). Main import partners are: United States (26 percent of total imports), China (15 percent) and Brazil (9 percent). Others include: Colombia, Argentina and Mexico. This page provides - Venezuela Imports - actual values, historical data, forecast, chart, statistics, economic calendar and news. Venezuela Imports - actual data, historical chart and calendar of releases - was last updated on August of 2017.
“I want to do it nicely, but if I have to do it the bad way and become a dictator to guarantee [low] prices to the people, I will do it,” he added.
To the successor of the late socialist leader Hugo Chávez, that means more price controls. The recently elected Constituent Assembly, made up only of regime loyalists, has taken up vast powers, overruling the legitimate Parliament controlled by the oppositon.
It is now setting up an Economic Commission that will, along with the “productive and distribution sectors” and “the consumers,” determine mandatory prices for basic goods such as milk, chicken, pasta, and cooking oil.
Because central planning price controls work so well. Even better in a spiraling inflationary environment.
The Constituent Assembly’s new commission will, Maduro threatened, go after and “throw in jail” those merchants and store owners who allegedly mark-up prices “over 1,000 percent” just to get rich.
Which only shows the inability of government to regulate prices. What's the mark-up on bottled water? (Whose unit cost to the producer is essentially zero)
Net result? More producers and retailers will depart the legitimate market, leading to further shortages and a larger black market.
Re: venezuela
Posted: Sep 12th, '17, 06:23
by madhatter
Mister Moose wrote:Maduro drops all pretenses, vows to become dictator
“I want to do it nicely, but if I have to do it the bad way and become a dictator to guarantee [low] prices to the people, I will do it,” he added.
To the successor of the late socialist leader Hugo Chávez, that means more price controls. The recently elected Constituent Assembly, made up only of regime loyalists, has taken up vast powers, overruling the legitimate Parliament controlled by the oppositon.
It is now setting up an Economic Commission that will, along with the “productive and distribution sectors” and “the consumers,” determine mandatory prices for basic goods such as milk, chicken, pasta, and cooking oil.
Because central planning price controls work so well. Even better in a spiraling inflationary environment.
The Constituent Assembly’s new commission will, Maduro threatened, go after and “throw in jail” those merchants and store owners who allegedly mark-up prices “over 1,000 percent” just to get rich.
Which only shows the inability of government to regulate prices. What's the mark-up on bottled water? (Whose unit cost to the producer is essentially zero)
Net result? More producers and retailers will depart the legitimate market, leading to further shortages and a larger black market.
Venezuelans have lost 96% of their purchasing power since Maduro became president in April 2013...
The leaders of the Americas now have an opportunity to challenge Maduro’s impunity and restore regional stability and security. At the Summit of the Americas in Lima on April 13-14, the situation in Venezuela will top the agenda. Maduro has already been disinvited from the gathering. Given that the extremely weak Latin American response to the Venezuelan crisis has only perpetuated the suffering, the summit must take bold and decisive steps against Maduro’s corrupt and dangerous dictatorship.
Venezuelans have lost 96% of their purchasing power since Maduro became president in April 2013...
The leaders of the Americas now have an opportunity to challenge Maduro’s impunity and restore regional stability and security. At the Summit of the Americas in Lima on April 13-14, the situation in Venezuela will top the agenda. Maduro has already been disinvited from the gathering. Given that the extremely weak Latin American response to the Venezuelan crisis has only perpetuated the suffering, the summit must take bold and decisive steps against Maduro’s corrupt and dangerous dictatorship.
Chavez, according to Stiglitz, “appears to have had success in bringing health and education to the people in the poor neighborhoods of Caracas…. It is not only important to have sustainable growth, but to ensure the best distribution of economic growth, for the benefit of all citizens.”
And here in a single brushstroke is both the appeal and the curse of socialism.
Making all citizens enjoy equal distribution sounds good, but it results in eliminating incentive to change and adapt to what works and what doesn't. It is the unequal distribution from both natural causes and the ebb & flow of normal unrestrained economic activity that provides incentive to do better.
Removing incentive (and the resultant reward) is what Socialism does best, and that is why it fails.
Chavez, according to Stiglitz, “appears to have had success in bringing health and education to the people in the poor neighborhoods of Caracas…. It is not only important to have sustainable growth, but to ensure the best distribution of economic growth, for the benefit of all citizens.”
And here in a single brushstroke is both the appeal and the curse of socialism.
Making all citizens enjoy equal distribution sounds good, but it results in eliminating incentive to change and adapt to what works and what doesn't. It is the unequal distribution from both natural causes and the ebb & flow of normal unrestrained economic activity that provides incentive to do better.
Removing incentive (and the resultant reward) is what Socialism does best, and that is why it fails.
but it's failing is often preceded by years of authoritarian/totalitarian rule, suffering, starvation, squalor, poverty and death of the masses at the hands of the gov, the hands of their fellow countrymen and the scarcity of resources brought on by "socialism", all the while the political ruling class is largely insulated from all of it and lives a rather lavish lifestyle virtually free from want or need......
Re: venezuela
Posted: May 23rd, '18, 21:11
by Mister Moose
The decrease in Venezuela crude has created enough of a gap so that for the first time Canadian crude is reaching the gulf coast refineries.
Venezuela is essentially broke and unable to pay for standard operating maintenance on the (oil) fields and unable to finance imports of diluent products that are required for upgrading its own heavy crude so they’re in a sort of death spiral now,” said Bill Farren-Price, founder and CEO of U.K.-based Petroleum Policy Intelligence
Re: venezuela
Posted: May 29th, '18, 10:17
by Highway Star
I haven't been following this thread, but I'm seeing that IRAN is evidently a major player in Venezuela???
same as you do with anything and everything trump...it's either too little, too much or just wrong as far as you are concerned...that you didn't specifically mention him by name is irrelevant...that it's getting stale and tired should come as no surprise to you...Sanctions that don't impact oil will have no material impact on Venezuela.
