Posted on 01/15/2015 9:50:14 PM PST by blam
Edited on 01/15/2015 10:08:42 PM PST by Admin Moderator. [history]
Collapsing oil prices have a turned a difficult economic situation into a dire one. Oil exports brought in 60% of the country's revenue.
Wall Street is watching and waiting, which is why the spread on Venezuela's 5 year credit default swap
(Excerpt) Read more at businessinsider.com ...
Do I smell sulfur?
Have they no bush meat?
It’s just a shame Chavez couldn’t have lived to get the credit he deserves.
Taxi cab drivers cannot successfully command the ship of state.
Obama will bail them out. (as long as they stay communist)
The results never, ever change.
...rampant inflation (at 60%) and shortages of goods and food.
Related...
The Greek Bank Runs Have Begun: Two Greek Banks Request Emergency Liquidity Assistance
http://www.zerohedge.com/news/2015-01-15/greek-bank-runs-have-begun-two-greek-banks-request-emergency-liquidity-assistance
Guest Post: The Impact Of Crude’s Collapse On The Islamic State
http://www.zerohedge.com/news/2015-01-15/guest-post-impact-crudes-collapse-islamic-state
Actually, the recognition of Cuba was, imo, partly geared toward bailing out Venezuela. Venezuela drains it’s economy to support Cuba with heavily subsidized oil. If Castro can suck a bunch of dollars out of Obama (I’m sure that’s coming), then we will be propping up the Castro regime, not the Venezuelans. So it’s a two for one for Zero.
Its a good thing when consequences happen so obviously and follow on so closely after the stupidity
It helps people learn
Socialism-Works(/s) BUMP
They are about out, next is mandates that everyone work for free and stuff
Violence is going to break out.
I think we should send them a few hundred trial lawyers. They can sue the government to solve these problems.
We're living on other people's money too!
When will be our day of reckoning?
If the next president has a different idea, can he/she reverse all this Cuba BS, and just go back to the way it was?
He bailed them out so they can keep sending oil to Cuba. He bailed both of them out.
He will continue to, as they are fellow communists.
The Venezuelan president, who should have returned to Caracas yesterday agreed on the fly make a stopover in Moscow to be greeted by Putin....The meeting took place in the country residence of the Russian President in Novo Ogariovo, just outside Moscow, where Chavez moved directly after landing in Moscow from Algiers
Link to photo and article
http://www.abc.es/internacional/20150116/abci-putin-afirma-venezuela-gran-201501151955.html
Anything a liberal does is settled fact, so of course it can’t be undone. Same with executive decrees for national parks, immigration, ObamaCare, etc.
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