Money lining the gutters of the streets. To nasty to use for toilet paper.
Posted on 03/24/2019 6:27:02 AM PDT by jimjohn
A Question: Does anyone have an credible sources on the latest from Venezuela?
By credible, I do NOT mean NYT, CNN, WP etc. Is there any word from closer to the scene?
Last I heard, the black out was entering it's 6th day - then nothing but wire reports from un-trustworthy (fake news) sources.
Too much oil to leave just sitting there.
I have an old friend in Honduras who writes for a newspaper, will question her about that. Will contact you with what I find out. She is very accurate and smart. Was a college professor, but not a lefty.
Venezuela produces heavy oil which is difficult, and therefore expensive to refine. Because America is no longer buying it America is rapidly converting to refine light, sweet crude, which is what the US and the fracking sites produce. Only China is still buying Venezuelan crude, but at a huge, huge discount because of the refining and the transportation cost. Because America is the only relatively cheap place to send Venezuelan crude, if they don’t normalize before all of America’s refineries are converted to light, sweet crude, they will have lost the opportunity to sell their oil for the foreseeable future. (It is likely that the Chinese are buying at below cost to produce because Venezuela badly needs the currency.)
That’s got to hurt..a bunch! Feel sorry for the people of the country who want change after experiencing socialism at its finest.
Very interesting. Maybe the US should start threatening to block Venezuelan access to the Panama Canal until they allow democratic elections. I know, I know, China now owns the Panama ports. The ships still have to GET TO Panama, though. Even China's vaunted new aircraft carrier would have a tough time maneuvering with a task force to and in the Caribbean Sea.
Could the CIA even hack an electrical grid that has not been updated since the 1990s?
Money lining the gutters of the streets. To nasty to use for toilet paper.
Wow! Everybody’s rich!!! </AO-C>
Feel the Bern !
Up until now, America, because of the Betton Woods conference, has guaranteed equal and unfettered access by anyone to any market. Not saying we can’t make an exception, just that doing so may have unforeseen consequences.
Maybe we could make the upcoming UBI payable in cash, either in Venezuelan Bolivars Fuerte or Zimbabwe Dollars...
Make that Bolivars Soberanos...
https://www.caracaschronicles.com/2019/03/14/the-big-blackout-of-the-venezuelan-aluminium-industry/
https://www.caracaschronicles.com/2019/03/10/nationwide-blackout-in-venezuela-faq/
the caracas chronicles seems to be a source that many of the dying lying leftist fake stream enemedia outfits base their own stories on ...
Of course the Chicoms are in control of the Panama canal. However the US had better have tight strategic control of the airspace and waters in the surrounding region.
Just sending in dummy cargo vessels to clog traffic through the canal and paying off canal workers to bugger up inspections on tankers and vessels destined for China would help increase their costs.
“Venz’ crude must be diluted before it can be sold into the marketplace and few suppliers are willing to send diluent to Vz”
yeah, COD only from those few not following the sanctions, plus trump just cut off the U.S. supply of dilutants a few weeks ago ... and supposedly there was damage to oil infrastructure by the recent extended power outage and subsequent surges trying to get it back on, so not clear how many (if any) upgraders are still functioning ...
Venezuela’s already dismal output went down by 9% just between February and March, and that was BEFORE the power outage ... recent news also says farmers were unable to obtain seed and fertilizer for the upcoming growing season, so it really looks like the end game is rapidly approaching for Maduro: no money and no food ...
“Wow! Everybody’s rich!!!”
indeed! everyone has so much money that they can just afford to throw it in the streets!
If we are going to ratchet up a conflict, probably China is not a good place to start. It would complicate so many other things we need cooperation on, like dealing with North Korea. Also, Trump has kept us out of nation building. At least NEW nation building. We have no strategic or tactical interest in Venezuela. If we are getting involved for humanitarian reasons, where do we stop? There are at least two African countries experiencing genocide. Some of the ‘stan countries have some serious problems. The thing they all have in common is the American taxpayer has no interest in them.
Wow! Everybody’s rich!!! </AO-C>Money lining the gutters of the streets. To nasty to use for toilet paper. - Delta 21
I, Pencil is an article written in 1958 by Leonard E. Read. The burden of the article is how diffuse are the inputs to make a simple item like a pencil. Of course a particular company - Eberhard Faber, in the example instance - made the pencil. But Mr. Faber did not simply speak the pencil into existence; the company has to have buildings housing machinery, and workers to operate the machines. But beyond that, the Eberhard Faber workers have to have food, shelter, and normal amenities - including those required by their families.Money - the obviation of the need for barter in transactions - is the “magic wand” which enables society to cooperate so subtly in efficiently making, and delivering to users, pencils and all manner of products.And the same is true of the vendors who supply Eberhard Faber with the machinery they require, and all the obvious materials - wood, graphite, rubber, and the ferrule material and the enamel. All those vendors have their own equipment, workers, and supply chain. And in all cases the workers need food, shelter, and normal amenities. So although the pencil certainly does not exist without Eberhard Faber, society works together to make pencils - and everything else.
So, “You didn't build that? Somebody else made that happen?” Yes - but that “somebody else” was not government. The “somebody” was more like everybody - mostly very indirectly. It is not the government but society - as Thomas Paine points out in Common Sense, a very different thing - which makes the pencil.
Currency is a very convenient form of money. Socialists see the power of money, and the trivial effort necessary to print currency, and conclude that a printing press is a money tree. And it would be, except for the fact that nothing which is not scarce is valuable.
Thus, functionally, currency is government debt. And not even the government can sustain its credit-worthiness while printing IOU’s without limit. The less scarce the units of a currency, the less valuable each such unit. And in Vz, so that picture indicates, the currency is no longer worth picking up off the street.
Thank you.
I remember reading ‘I, Pencil’ when it was new.
I’d like to think it played a big subconscious part in why I chose to be an engineer...
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