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The Impending Collapse Of Venezuela
Forbes ^ | 1/13/15 | Frances Coppola

Posted on 01/14/2015 11:56:15 AM PST by Kartographer

Shortages are nothing new in Venezuela. Indeed, a shortage of toilet paper has been the subject of global amusement for quite some time. But recently, the shortages have become much worse. Last week, a government official was jeered for saying that long lines indicated that “Venezuela has plenty of food”, when rows and rows of empty shelves in stores were telling a different story. Bloomberg reports that people are queueing overnight for necessities such as soap, milk and diapers. This is very dangerous. Venezuela is already one of the most violent societies on earth. And when shortages start to affect little children, people get angry.

(Excerpt) Read more at forbes.com ...


TOPICS: Business/Economy; Cuba; Foreign Affairs; Russia
KEYWORDS: cuba; energy; iran; lebanon; nigeria; oil; opec; ruble; russia; saudiarabia; sudan; venezuela
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To: ozarkgirl

This and a couple cases of Ramen Noodles and crackers would be a good thing to have around. None of that is very expensive.

41 posted on 01/14/2015 12:55:14 PM PST by GeronL
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To: Kartographer
It's this very economic collapse that could send the price of crude oil soaring, because a Venezuelan economic collapse could result in a stoppage of oil exports from that country.

Which is too bad because Venezuela could have been one of the richest countries in South America from both tropical agricultural exports and crude oil exports.

42 posted on 01/14/2015 12:59:37 PM PST by RayChuang88 (FairTax: America's economic cure)
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To: Blood of Tyrants

“Just because socialism has been proven to be a failure everywhere it has been tried doesn’t deter liberals from trying to impose it on the US.”

Socialism is generally successful - at stealing wealth for the Party elite. That is its purpose, the cover story they use is just a lie, and always has been.


43 posted on 01/14/2015 1:01:47 PM PST by BeauBo
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To: GeronL

I agree with you (maybe not on the Vienna sausages) but she thinks it’s ridiculous, she has a grocery store 2 blocks away (that will be wiped out in minutes if something happens). I could easily plan for her, she eats almost nothing but she’s 5 hours away.

We, on the other hand, have enough food for quite some time but I really liked the guys idea about the toilet paper in the attic. I need to do that.

She lives in a tornado prone area (spent all her life in CA, therefore the resistance to be prepared) and she knows when they’re expecting a snowstorm, bread and milk are wiped off the shelves in no time but she worries not.


44 posted on 01/14/2015 1:04:41 PM PST by ozarkgirl
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To: Kartographer
The article references and links to a VERY INTERESTING MODEL indicating that it may not be a good time for reinvestment in Venezuela. The article quotes Phase III - this is Phase IV:

Phase IV: Orthodox stabilization takes over under a new government. An IMF program will be enacted; and, when everything is said and done, the real wage will have declined massively, to a level significantly lower than when the whole episode began! Moreover, that decline will be very persistent, because the politics and economics of the experience will have depressed investment and promoted capital flight. The extremity of real wage declines is due to a simple fact: capital is mobile across borders, but labor is not.

Unskilled labor can be, of course - the immigration policy of the current 0bama administration is attempting to challenge that assertion, albeit with very little apparent success. What it does promise to accomplish is to export poverty, to spread the load from a source sucked dry to one that still has surplus sufficient to parasitize. The model above indicates that one sign of this phase is decreasing inventory both in manufactured goods and in finance. Unfortunately, by the time that canary is dead, the coal miners tend to be stuck.

And so, a new government for Venezuela and an IMF bailout (which is, after all, merely another redistributive scheme), with decades of recovery ahead that turn out to be worse than the original state of "economic injustice". Socialists in the United States continue to insist that they can do it right in a triumph of theory over experience. We really don't want the experience.

45 posted on 01/14/2015 1:05:33 PM PST by Billthedrill
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To: GeronL
They weren't according to the people I speak with. Once you vote the communist in you can never vote them out. The only way to remove them is by force.

And then the world yaps at you for doing it. After all they were an "elected" government.

It is not a popular thought around here but voters do make mistakes. And while "vote them out" sounds good once they control the how the votes are tabulated you never quite manage to do so.

46 posted on 01/14/2015 1:10:07 PM PST by Harmless Teddy Bear (Proud Infidel, Gun Nut, Religious Fanatic and Freedom Fiend)
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To: Kartographer

F*** Venezuela.


47 posted on 01/14/2015 1:12:32 PM PST by strider44
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To: Harmless Teddy Bear

They also control the media and count the votes and throw opposition politicians in prison and employ thousands of armed gangsters on motorcycles.....

Leopoldo Lopez is still in Ramo Verde Prison.., how dare he run for President against bus driver Maduro!

“free elections” are not possible


48 posted on 01/14/2015 1:13:08 PM PST by GeronL
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To: Billthedrill

It is illegal to fire people in Venezuela, foreign companies are still paying people years and years after the factories and stuff closed down.


49 posted on 01/14/2015 1:14:56 PM PST by GeronL
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To: lowbridge

Bread waits for people with EBT cards.

Fixed it for you.


50 posted on 01/14/2015 1:39:03 PM PST by Vermont Lt (Ebola: Death is a lagging indicator.)
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To: ozarkgirl
I'm surprised you let them know you have supplies. You know where they'll be headed in case of need.

They live 5 states away. I'm not concerned.

Only my like minded brother here in town, along with a couple of people I trust to band together with us should it get truly bad know what I have.

51 posted on 01/14/2015 1:46:03 PM PST by ChildOfThe60s (If you can remember the 60s.....you weren't really there)
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To: Kartographer

Fracking has done more good for the world than the PC pussies at the state department. All the bad actors in the world who use their oil revenue to cause havoc are seeing their ambitions reversed or scaled back- Venezuela, Russia, the terrorist-backing emirs in Qatar, ISIS, etc. etc. Now let’s get Keystone rolling for the coup de grace!


52 posted on 01/14/2015 2:06:56 PM PST by jimmygrace
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To: Hot Tabasco

This could get edgy...first of all obola’s guv will support anyone but a honest decent capitalist....they will support another tyrant. Colombia is in a tough spot...while on one hand it would be easy to help they fear obola’s long arm of destruction. Remember there are missles that are aimed at Colombia and the USA....


53 posted on 01/14/2015 2:11:15 PM PST by rrrod (at home in Medellin Colombia)
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To: EQAndyBuzz

Why would socialists rebel against socialism? It’ a conundrum.


54 posted on 01/14/2015 2:14:21 PM PST by VerySadAmerican (Obama voters are my enemy. And so are republican voters.)
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To: oldbrowser

People go for socialism believing their lives will get better when everything is spread around equally. When the truth is most lives will get worse.


55 posted on 01/14/2015 2:15:30 PM PST by VerySadAmerican (Obama voters are my enemy. And so are republican voters.)
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To: Steve_Seattle

About 2% of the “leaders” of a communist state typically have all the wealth.


56 posted on 01/14/2015 2:16:43 PM PST by VerySadAmerican (Obama voters are my enemy. And so are republican voters.)
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To: RayChuang88

I believe the rest of OPEC would pick up the slack.


57 posted on 01/14/2015 2:24:10 PM PST by VerySadAmerican (Obama voters are my enemy. And so are republican voters.)
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To: Kartographer

BTTT.


58 posted on 01/14/2015 2:44:43 PM PST by blam (Jeff Sessions For President)
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To: Blood of Tyrants

“Just because socialism has been proven to be a failure everywhere it has been tried doesn’t deter liberals from trying to impose it on the US”

That is because no country has had a socialist leader as smart as 0bama. /s


59 posted on 01/14/2015 2:59:41 PM PST by forgotten man
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To: Kartographer

The revolution will start in the State of Zulia where most of the oil is. It will be very ugly.

I lived in Venezuela for a few years before Chavez. It was a lovely country and prosperous. It was also corrupt which lead to the election of Chavez. Chavez won the first election fair and square. His second election and that of Maduro where the result of rampant voter fraud.

You will know the revolution is in progress when they start killing the Cuban Secret Service Agents in Venezuela. They were trained by the old Soviet KGB and are ruthless killers.


60 posted on 01/14/2015 3:10:26 PM PST by cpdiii (DECKHAND, ROUGHNECK, GEOLOGIST, PILOT, PHARMACIST, LIBERTARIAN The Constitution is worth dying for.)
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