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Old 13-11-2013, 12:23   #11
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What's going on here please, in layman s terms ?

I assume inflation is rising due to the failing of their socialist government ?
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Old 13-11-2013, 13:06   #12
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Quote:
Originally Posted by Overwatch View Post
Single commodity that everyone needs in order to live.
I'd nationalise all central infrastructure by force if necessary.
You can't keep prices artificially low indefinitely. Your plan would not work. Do you really think it's that simple?
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Old 13-11-2013, 13:15   #13
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If things were nationalised it could work BUT it might mean a bottomless pit of subsidy.
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Old 13-11-2013, 17:45   #14
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I'd just invade the world like America have to keep the cost down.

Once the entire Earth is conquered prices would be what I say they are.

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Old 18-03-2014, 06:31   #15
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Air Canada suspends Venezuela flights over 'civil unrest'
http://www.bbc.co.uk/news/world-latin-america-26621350
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Old 18-03-2014, 09:39   #16
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"until Venezuela had stabilised"... i.e. becomes under US control... the usual definition of "stability" in all of these "unstable" countries.
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Old 05-04-2014, 17:40   #17
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Fingerprints & ID cards now needed to buy groceries in Venezuela

http://hosted.ap.org/dynamic/stories...04-01-00-32-05
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Old 05-04-2014, 19:13   #18
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Quote:
Originally Posted by Enoch Powell View Post
Do you really think it's that simple?
Yes, he really does.
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IF you can keep your head when all about you
Are losing theirs and blaming it on you,
If you can trust yourself when all men doubt you,
But make allowance for their doubting too;
If you can wait and not be tired by waiting,
Or being lied about, don't deal in lies,
Or being hated, don't give way to hating,
And yet don't look too good, nor talk too wise:

If you can dream - and not make dreams your master;
If you can think - and not make thoughts your aim;
If you can meet with Triumph and Disaster
And treat those two impostors just the same;
If you can bear to hear the truth you've spoken
Twisted by knaves to make a trap for fools,
Or watch the things you gave your life to, broken,
And stoop and build 'em up with worn-out tools:

If you can make one heap of all your winnings
And risk it on one turn of pitch-and-toss,
And lose, and start again at your beginnings
And never breathe a word about your loss;
If you can force your heart and nerve and sinew
To serve your turn long after they are gone,
And so hold on when there is nothing in you
Except the Will which says to them: 'Hold on!'

If you can talk with crowds and keep your virtue,
Or walk with Kings - nor lose the common touch,
If neither foes nor loving friends can hurt you,
If all men count with you, but none too much;
If you can fill the unforgiving minute
With sixty seconds' worth of distance run,
Yours is the Earth and everything that's in it,
And - which is more - you'll be a Man, my son!

GOD BLESS YOU.
EACH AND EVERY ONE.




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HAVE A MERRY CHRISTMAS EVERYBODY


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AND A SUPER DOOPER DAY
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Old 05-04-2014, 19:24   #19
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I'm sure Kael's LEGO men have the scars from several planned revolution
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Old 15-09-2014, 01:19   #20
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Quote:
Cheap Gasoline: Why Venezuela Is Doomed To Collapse


Riots in the streets. Killings of protesters. Shortages of consumer staples like toilet paper and flour. Power outages. Confiscations of private property. Capital flight. Inflation running at more than 50%. The highest murder rate in the world.

The situation in Venezuela has grown so terrible that we could very well be witnessing the waning days of the Chavez-Maduro regime.

But don’t hold your breath. Despots propped up by revenues from natural resources have had a surprisingly robust track record over the past 100 years. Saddam Hussein survived through ruthlessness and handouts to Baath party loyalists. Khadafi perfected the same model in Libya. The Saudis and other Gulf sultanates and emirates have survived by paying off tribe members. Zimbabwe’s Robert Mugabe is still around thanks to his trade in blood diamonds.

In each case, the big boss keeps his head by paying off everyone who matters.

Hugo Chavez appeared to have the same kind of staying power. But with a difference. Chavez and Maduro — rather than just focusing on lining the nests of their generals and ministers and doers — have found a different way to squander Venezuela’s great oil wealth. Wiser men would have created a mechanism by which the people of Venezuela could leverage oil wealth to finance investment and capital formation (like, say, Norway). Instead they’ve simply given it all away.

Indeed, it might not happen this month or this year, but Venezuela is ultimately doomed to collapse because of cheap gasoline.

Befitting Venezuela’s position as holder of the world’s biggest oil reserves, Chavez set the price of gasoline at the official equivalent of 5 U.S. cents per gallon. Using the more realistic black market exchange rate, a gallon of gas in Venezuela costs less than one penny. You can fill up an SUV for less than the price of a candy bar.

It’s one thing for a dictator to curry favor among his subjects by handing out cash. You can trade cash for goods today. You can save it up and buy something bigger tomorrow. And vitally, you can invest cash and create capital. Cash has unsurpassed option value.

But in Venezuela, cheap gasoline doesn’t. Sure, some enterprising Venezuelans would fill up their tanks, drive to Colombia, siphon it out and sell it for a profit. But most just take it for granted, like breathable air. You can’t trade it, can’t sell it, can’t store it up.

Over time, when a government continually gives its people a non-tradable subsidy, they will come to consider it a right, not a privilege. When that happens it will no longer occur to them to be thankful toward their generous president for the handout. When that take-it-for-granted moment occurs, the handout no longer retains any political capital for the ruler who presides over it. On the contrary, once the populous sees the subsidy as a right, it necessarily become a political liability for the leader — tying his hands and preventing the implementation of a more reasonable policy.

Grant people a right and they will thank you, for a little while. Try to take away that right and they will revolt. The last time Venezuela tried to hike gas prices, in 1989, there were riots in the streets.

Cheap gasoline is why the government of President Nicolas Maduro is doomed to collapse. He can’t raise gas prices meaningfully without setting off an even greater populist uprising than the one already wracking the capital. But without change, the Venezuelan economy and its state-run oil company Petroleos Venezuela (PDVSA) cannot last long.

The sad thing for Venezuela is that (barring an explosive rise in oil prices) it’s hard to imagine the situation not getting worse before it gets better. In time the government will simply run out of the dollar reserves it needs to pay its debts and import goods. Trading partners will refuse to ship. Oil companies will refuse to invest. Those tankers of cheap PetroCaribe oil will stop arriving in Havana. Chavez’s daughters will be kicked out of their presidential party palace. And the people of Venezuela will some day be forced to pay more than a dollar to fill up their SUVs.
http://www.forbes.com/sites/christop...d-to-collapse/
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