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Thread: AP: VP of Venezuela Has Announced Hugo Chavez has Died

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    Re: AP: VP of Venezuela Has Announced Hugo Chavez has Died

    Quote Originally Posted by ReformCollege View Post
    I have no idea what source you are using or how they got their numbers. But I am going to go with the data from the World Bank and OECD that says that capital investment peaked at 24.5% (not 31.9%) in 2007, and has declined to ~18% in 2011. The year 1998 saw gross capital formation at 28.6%, while it never went above 24.5% in any year afterwards.
    It is also important to not that most of this investment is the result of oil money dictated by the government, rather than actual organic growth. Perhaps you haven't noticed, but economic growth in Venezuela has been lock in step with increases in oil prices. The poor economic performance before Chavez was directly the result of low oil prices, and the average (for similar countries in the region) growth after Chavez has been the result of surges in oil prices (much of which was lobbied for by Chavez). See figure 1 and figure 9. Considering the boom in natural gas and declining exports of oil to the U.S., much of that lobbying power to fix high prices is going to take a nose dive, and the Venezuelan economy with it.

    If you consider abandoned half constructed buildings as a boom in construction, then perhaps they are doing well in that sector.


    I think what is far more telling, is the rapid decline of non-oil exports which are at 60 year lows in dollar amounts (not %), rising imports, as well as dogging shortages in housing, basic food staples, and pharmaceuticals are much better reflections of the result of Venezuelan economic policy under Chavez.


    I won't repeat other points I've already made on this thread so I'll just refer you to post #157.
    Increase local consumption would necessarily mean less exports, and increased imports, however manufacturing HAS gone up Venezuela - value added in manufacturing. ... meaning it's not just Oil.

    As far as the oil prices being low before oil, it doesn't make a difference, because the oil money wasn't staying in Venezuela. Also Oil money dictated by the government is just as organic as Oil money dictated by BP.

    None of this is suprising NOR does it show that Hugo Chavez's economic policy was a failure, or left the country worse off.

    The fact is poveryt has dropped dramatically ADJUSTED for inflation Venezuela's Economic Recovery: Is It Sustainable? | Reports.

    SO none of these problems show that overall the economy is worse off.

    As far as inflation look at it BEFORE chavez ... as far as shortages look at access BEFORE Chavez ... Chavez made things better for the vast majority of venezuelans.

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    Re: AP: VP of Venezuela Has Announced Hugo Chavez has Died

    Quote Originally Posted by TheDemSocialist View Post
    You do realize Hugo Chavez was a devote Catholic right?
    I dont get with the rights fetish of thinking that Chavez was some sort of tyrant dictator.
    Chavez was a devout Communist which indicates that he was most likely an atheist_

    It is the nation of Venezuela that is devout Catholic, which he feigned for political expedience_

    All communist revolutionaries and dictators are liars who believe the end justifies the means_

    Quote Originally Posted by TheDemSocialist View Post
    Exactly. Until people understand that the word socialist does not automatically mean the USSR or Stalin the quicker we can actually understand the term.
    Like all Marxists, you are an idealist in search of an unsustainable utopian dream that invariably morphs into a stalinist style nightmare involving the usual theft, oppression, human suffering and political genocide_

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    Re: AP: VP of Venezuela Has Announced Hugo Chavez has Died

    Reign of Evil: A Look Back at the Vicious Rule of Hugo Chavez.....



    Hugo Chavez was born July 28, 1954. Raised largely by his grandmother in the western state of Barinas, Chavez began nurturing his fascination with Marxism at an early age, boosted by Castro’s revolution in Cuba in 1959. His education led him to despise “imperialist” America, even as he idolized Castro and 19th century South American liberator Simon Bolivar. He eventually joined the army, after failing to fulfill his dream of becoming a major league baseball player.

    1999 was the year he also began traveling around the world, ingratiating himself to a number of America’s enemies. While in Communist China, Chavez put his cards on the table. ”I have been very Maoist all of my life,” he declared at the time. He was also successful in getting OPEC to pump up oil prices.

    Steadily, Chavez’s “democratic” revolution began to resemble the dictatorship his regime inevitably became. The legislative and judicial branches of the Venezuelan government were subordinated to his authoritarian rule. He stacked his government with military officers, emulating the juntas that ruled Peru and Panama in the 1970s. The constitution became increasingly irrelevant, a reality most recently emphasized when Chavez’s absence still allowed him to win inauguration last January. That absence should have triggered certain procedures, but they were completely ignored. Chavez also politicized Petroleos de Venezuela (PDVSA), the state-owned oil company, whose output has declined by almost half from 2000 to 2011.

    This combination of factors, as well as Chavez’s interminable rants (one went on for almost ten hours), polarized the nation to the point where Chavez was himself ousted in a short-lived coup in 2002. Yet his populist supporters, angered by TV images of the nation’s former elite reveling in victory, restored him to power two days later

    Unsurprisingly, Venezuela increasingly began to resemble some of the authoritarian states Chavez admired. The Heritage Foundation’s 2013 Index of Economic Freedom ranked the nation as one of the most repressed in the world. Only Zimbabwe, North Korea and Cuba ranked lower. Chavez’s government also seized TV stations, numerous banks, the assets of 60 oil service companies, 32 sugar plantations, and foreign-owned cement plants, that refused to be nationalized. All privately held oil production was effectively nationalized in 2007 as well.

    Crime soared. Caracas became one of the most dangerous cities in the world, and Venezuela’s 2009 murder rate topped that of war-torn Iraq, and Mexico’s cartel-inspired carnage. By 2012, Venezuela’s national murder rate was one of the highest in the world. Chronic food shortages and power outages as well mounting debt — leading to a 33 percent currency devaluation last month, Venezuela’s fifth in a decade — has turned the nation into one of the Western Hemisphere’s worst economic basket cases.....snip~

    Reign of Evil: A Look Back at the Vicious Rule of Hugo Chavez


    So much for the Alleged Socialist that was all SO very much for the people!

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    Re: AP: VP of Venezuela Has Announced Hugo Chavez has Died

    this world needs such bravehearts .unfortunately it is usually the good ones who die young ..
    "Sovereignty is not given, it is taken." ATATÜRK

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    Re: AP: VP of Venezuela Has Announced Hugo Chavez has Died

    That's alright Maduro is being Called out.

    Venezuela opposition leader Capriles to stand in election.....



    Venezuelan opposition leader Henrique Capriles has confirmed that he will stand in presidential elections on 14 April.
    In a televised address, Mr Capriles accused the governing PSUV party of manipulating the recent death of Hugo Chavez.

    The opposition boycotted Mr Maduro's swearing-in on Friday, claiming that - under the constitution - the speaker of the National Assembly, Diosdado Cabello, should be the one to take over as acting president.

    Mr Capriles - candidate for the umbrella opposition group Table for Democratic Unity (MUD) - called the move fraudulent.
    On Sunday, he again accused the socialist PSUV of violating the constitution.

    'Biggest mistake'

    In his televised address on Sunday, Nicolas Maduro accused Henrique Capriles of inciting hatred, and said he was trying to provoke violence by insulting the late president's image.

    "You have made the biggest mistake of your life," he said.....snip~

    BBC News - Venezuela opposition leader Capriles to stand in election

    Hope Capriles gets plenty of Security!

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    Re: AP: VP of Venezuela Has Announced Hugo Chavez has Died

    Quote Originally Posted by MMC View Post
    In his televised address on Sunday, Nicolas Maduro accused Henrique Capriles of inciting hatred, and said he was trying to provoke violence by insulting the late president's image.

    "You have made the biggest mistake of your life," he said.....
    But it's not authoritarian or jackbooted in any way . . .
    “Offing those rich pigs with their own forks and knives, and then eating a meal in the same room, far out! The Weathermen dig Charles Manson.”-- Bernadine Dohrn

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    Re: AP: VP of Venezuela Has Announced Hugo Chavez has Died

    Quote Originally Posted by PeteEU View Post
    More than half of Democrats believed Bush knew - Ben Smith - POLITICO.com

    "How likely is it that people in the federal government either assisted in the 9/11 attacks or took no action to stop the attacks because they wanted the United States to go to war in the Middle East?" the poll asked.

    A full 22.6% of Democrats said it was "very likely." Another 28.2% called it "somewhat likely."

    That is: More than half of Democrats, according to a neutral survey, said they believed Bush was complicit in the 9/11 terror attacks.
    How do you explain that?

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    Re: AP: VP of Venezuela Has Announced Hugo Chavez has Died

    Good Riddance to bad rubbish.

    May the world be blessed and all followers of Satan's Apostle Marx soon join him.
    Only a fool measures equality by results and not opportunities.

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    Re: AP: VP of Venezuela Has Announced Hugo Chavez has Died

    Quote Originally Posted by RGacky3 View Post
    There is no evidence that an increase in currency leads to inflation...
    This is one of those statements out of typically 'socialists' that just makes one scratch their heads, and wonder if we live on the same plane of existence....

    Expansion of the Money Supply

    A third cause of inflation is an over-expansion of the money supply. The money supply is not just cash, but also credit, loans and mortgages. When loans are cheap, then there will be too much money chasing too few goods, creating inflation. The prices of just about everything will increase, even though neither demand nor supply has changed.
    Expansion of the money supply was another cause for inflation in housing prices in 2005-2006. Deregulation allowed banks to push mortgages onto everyone. When people could borrow for virtually nothing, and needed no money down, it made no sense to rent. With low interest rates, homeowners used their homes as ATM machines, spending their equity on TVs, cars...and more houses. However, inflation was restricted to housing prices. The price of everything else was subdued, since China kept its currency, the yuan, pegged below the dollar. This artificially made prices of their exports to the U.S. low.

    When the money supply increases, it lowers the value of the dollar. When the dollar declines relative to the value of foreign currencies, the prices of imports rise, also creating cost-push inflation. That's why China pegs the yuan to always be lower than the dollar, which has been declining since 2002.

    Causes of Economic Inflation
    Increase in money supply may not be the only driver of inflation, but it is one of the biggies....No doubt about that, it is simple math.
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    Re: AP: VP of Venezuela Has Announced Hugo Chavez has Died

    Quote Originally Posted by Harshaw View Post
    But it's not authoritarian or jackbooted in any way . . .
    Oh no.....Not in any way whatsoever!

    Capriles slammed the government in his announcement for using Chavez's death to push the candidacy of Nicolas Maduro, who was sworn in as acting leader Friday. He also called top military brass an "embarrassment" for publicly supporting Maduro, although the constitution forbids the military from taking political sides. "Don't fool yourselves that you're the good and we're the bad," the 40-year-old candidate said to the government. "No, you're no better than us. I don't play with death. I don't play with pain."

    With a picture of Chavez behind him, Maduro appeared on TV after the speech to respond to what he said was "the losing, miserable candidate" who had dishonored the late president. He called Capriles a "fascist" trying to provoke violence and a coup against the state. "We reject an infamy that you plan to hurl and the words you've said about the crystalline, pure image of Commander Chavez," Maduro said. "Enough of the offenses, sir!"

    Capriles, who is governor of Venezuela's biggest state, acknowledged that he faces tough odds against an official candidate in control of vast public resources who he said has the backing of the country's electoral commission. "As one person said today, `Capriles, they are taking you to a slaughterhouse. Are you going to be lowered into its meat grinder?'" he said.

    News from The Associated Press

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