Ran out of other people's money.
1 posted on
08/16/2018 5:38:41 AM PDT by
C19fan
To: C19fan
Peter is destitute
Paul is screwed
2 posted on
08/16/2018 5:41:16 AM PDT by
bert
((K.E. N.P. N.C. +12) Sanctuary is Sedition)
To: C19fan
Will the bond holders accept toilet paper in lieu of money? No? Well that's OK because Venezuela ran out of toilet paper too.
Why is it that college kids want an economic system where the government promises everything but can't even produce toilet paper?
3 posted on
08/16/2018 5:42:03 AM PDT by
KarlInOhio
(I can't tell if we live in an Erostocracy (rule by sex) or an Eristocracy (rule by strife and chaos))
To: C19fan
The two bonds traded at $.28 on the dollar earlier this week.
I wonder who owns a lot of this debt?
A quick history lesson. At the demise of the USSR, Russia assumed all the of the debt. Very little was paid off but what they did pay, bought a lot of influence.
4 posted on
08/16/2018 5:44:15 AM PDT by
PeterPrinciple
(Thinking Caps are no longer being issued but there must be a warehouse full of them somewhere.)
To: C19fan
$60 billion, what a bunch of pikers, ours is that every 2 days (approx).
5 posted on
08/16/2018 5:44:19 AM PDT by
VTenigma
(The Democrat party is the party of the mathematically challenged)
To: C19fan
In other news, sun expected to set in the west today.
6 posted on
08/16/2018 5:45:36 AM PDT by
cuban leaf
(The US will not survive the obama presidency. The world may not either.)
To: C19fan
8 posted on
08/16/2018 6:12:00 AM PDT by
OttawaFreeper
("The Gardens was founded by men-sportsmen-who fought for their country" Conn Smythe, 1966)
To: C19fan
“It still looks like a countdown with economic crisis morphing into political crisis for the Maduro administration.” Does the business press really believe this? Do they really believe that a bond default is going to be the thing that sparks a "crisis" for Maduro? They're living in fantasyland. There is no chance that any of the $60 billion of bonds are going to be repaid. Not even a little chance. Maduro is way past the point of caring about international bondholders. His country is on the brink of literal mass scale anarchy because people can't eat.
9 posted on
08/16/2018 6:13:13 AM PDT by
Opinionated Blowhard
(When the people find that they can vote themselves money, that will herald the end of the republic.)
To: C19fan
Venezuela can’t pay their bond holders?
No kidding.
The socialist paradise of Venezuela.....
No food.
No medicine.
No electricity.
No water.
I don’t understand how they’ll do it, but I’m pretty sure they’ll find a way to run out of air.
11 posted on
08/16/2018 6:34:29 AM PDT by
blueunicorn6
("A crack shot and a good dancer")
To: C19fan
No problem, rent a xerox machine and print more money.
12 posted on
08/16/2018 6:57:54 AM PDT by
bgill
(CDC site, "We don't know how people are infected with Ebola.")
To: C19fan
On top of that, 2.5 million Venezuelans, out of 32 million total, have recently left. Pretty soon, the only people left will be the ones who voted for Maduro.
13 posted on
08/16/2018 7:00:26 AM PDT by
VanShuyten
("...that all the donkeys were dead. I know nothing as to the fate of the less valuable animals.")
To: C19fan
who ever arranged those bonds should be shot
17 posted on
08/16/2018 4:40:00 PM PDT by
Chode
( WeÂ’re America, Bitch!)
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