[Citizen Zed]

Another Chinese colony.

[MeganC]

Venezuela is proof that even if your country is drowning in oil that socialism will find a way to make you poor.

[EQAndyBuzz]

Lesson learned....

Communism doesn’t work.

[USMCPOP]

“... about half of the oil shipped to China goes to paying existing debt....”

So you have resources, just piss them away. Easy. Damned shame.

[Don Corleone]

Mr. President,tear down that wall!

[Track9]

More freeloaders will cross the border.

[I want the USA back]

Looks like radical socialism failed again.

[lowbridge]

[RayChuang88]

The bad thing is that China may just pull the plug and get oil from other places--it costs a lot of money to ship oil from Venezuela to China, especially if you have to use supertankers that can't fit through the Panama Canal (it's a long trip around Cape Horn back to China!).

[Steely Tom]

The country's energy-dependent economy requires oil prices above $100 per barrel in order to sustain itself.

Wow. The biggest hedge-fund collapse since the USSR.

[lurk]

companies and countries have been reducing their exposure to Venezuelan debts for years. An implosion will be regionally problematic.

[tflabo]

China and Fidel get Venezuelan oil on the very cheap. Oil prices have plummeted and 95% of Venz’s economy relies on oil revenues. What could possibly go wrong? El Puerco Hugo crossed the River Styx without feeling the pain of his failed economic, tyrannical legacy. The big moustachioed stump of a dope is hanging on by a thread.

[CodeToad]

No one will notice again?

[M Kehoe]

Socialism and communism work every time they are tried.

ROFLMAO!!!

5.56mm

[Extremely Extreme Extremist]

Anyone else notice how the media completely ignores Venezuela? If Republicans were smart, they’d cut ads showing people in lines and juxtaposing it with a pic of Obola.

[Parley Baer]

A lot of dimoKKKRATS and Hollywood types are very saddened with the news.

[Hawthorn]

>> Another Chinese colony. <<

Yes, China may succeed in doing what Germany’s Kaiser threatened (and failed) to do to Venezuela in 1902.

It seems that back then, Venezuela fell behind on her debt payments to Germany. So the Kaiser sent battleships, cruisers and troops to the Caribbean. His plan was to land the troops and make Venezuela into a German vassal.

But Theodore Roosevelt learned of the plot, invoked the Monroe Doctrine and sent Admiral Dewey’s ships and a detachment of Marines steaming toward Caracas. The Kaiser backed down and Roosevelt’s prestige soared.

These days, however, I guess it’s kinda hard to imagine the Chinese would fear any such US response when they eventually make their move on Venezuela!

[Veggie Todd]

Things that will happen if Venezuela implodes

They haven't imploded yet? How much worse can it get?

[Darnright]

But, but, Socialism is the only way!

Karma, sadly, will make many innocent Venezuelans more miserable than they already are.

As for the ones that supported this government, tough.

[Robert357]

Part of the implosion will likely take other Central American countries with it. The oil wealth that Venezuela had helped prop up subsidized energy sales and aid to neighbors like Nicaragua. The Nicaraguans we talked to know that there will be a day of reckoning, when they need to repay Venezuela.

[tbw2]

China has been buying up land in Africa to farm to feed its people, after desertification and over-irrigating wiped out a lot.
I can easily see them doing the same in Venezuela. We’ll forgive a billion dollars for a million acres, etc.