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AP: VP of Venezuela Has Announced Hugo Chavez has Died

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 . . . :lamo
 

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?
 
Good Riddance to bad rubbish.

May the world be blessed and all followers of Satan's Apostle Marx soon join him.
 
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.
 
But it's not authoritarian or jackbooted in any way . . . :lamo

Oh no.....Not in any way whatsoever! :shock:

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
 
And you are blind or ignoring the facts. Are you seriously saying that you have not heard GOP members float the idea that Obama might not be a citzen to him being a Muslim?

Poll: 30% Of Republicans Think Obama Is A Muslim

How do you explain that? As for a citation from a GOP senator or Congressman... come one, politicians are not that dumb, they let their talking heads do the dirty work and you know that. But saying that, there are several "birther" Congressmen and Senators, and that is basically the same thing.
I couldn't care less what God, if any, Obama prays to_

But IMO, it is just as ridiculous to claim he is not a Muslim as it is to claim he is a Muslim_

The simple truth is, the man was so poorly vetted that there is a lot we simply don't know for sure_

There are so many questionable records, locked files and dark holes in Obama's history that nothing including his religion, birthplace or even education can or should be accepted with absolute certainty_

And anytime someone does question or present what they believe to be evidence of a cover-up they are immediately attacked by the Main Stream Media as some raving "birther" conspiracist nutcase_

This fear and avoidance of such widespread public concerns is enough to make any rational mind a little suspicious_
 
this world needs such bravehearts .unfortunately it is usually the good ones who die young ..
"Whoever controls the past controls the future...Whoever controls the present controls the past" - George Orwell

Marxist propaganda can only be absorbed when the lessons of history are rewritten_

Sadly your ideo-political indoctrination has been thorough and totally successful Medusa_

Welcome to your Party comrade!
220px-Flag_of_the_Communist_Party_of_Germany_svg.png
 
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.

You're missing the point. He was noble in that he spread the oil money around, however he has done little to diversify their economy. A vast majority of their wealth comes from oil and without oil they would have zero financing for any of the state run projects + poverty without it. Considering how Chavez has crushed their gross fixed capital formation to below 20%, it raising the question of whether Venezuela has enough investment to maintain economic growth.

Oh and FYI, you can't make the argument that increased their production of non-oil assets has gone up too much considering the ever increasing shortage of basic commodities and ever increasing need for imports. Its not because of "increased local consumption" when the locals aren't able to buy **** because it isn't in stock. Its because of ridiculous price controls and their strong arm tactics to drive producers and sellers out of business. It is the exact same thing we saw in the USSR.

Btw your "value added" source is only looking at 1990-1998. Chavez took over in 1999. Absolute epic fail of an argument.
 
"Whoever controls the past controls the future...Whoever controls the present controls the past" - George Orwell

Marxist propaganda can only be absorbed when the lessons of history are rewritten_

Sadly your ideo-political indoctrination has been thorough and totally successful Medusa_

Welcome to your Party comrade!
View attachment 67144069

but l dont own any oil company :shrug:
 
But IMO, it is just as ridiculous to claim he is not a Muslim as it is to claim he is a Muslim_

The simple truth is, the man was so poorly vetted that there is a lot we simply don't know for sure_

There are so many questionable records, locked files and dark holes in Obama's history that nothing including his religion, birthplace or even education can or should be accepted with absolute certainty_

Have you beaten your kids yet today?
 
Have you beaten your kids yet today?
Family planning and mental stability has ensured that I have no children to beat nor a reason to do so if I had!

So have you beaten your precious little rugrats black and blue as of late TC or haven't you snapped yet today?

And what does this have to do with the death of an evil communist dictator or our own being properly vetted?
 
but l dont own any oil company :shrug:
You don't need one Medusa__Your Marxist Utopia will seize control of existing oil companies along with all great industries to provide you the Social Justice you so very much desire_

And those magnificent visionaries who dreamed, created and invested their lives and fortunes to build these great industrial empires will be robbed of a lifetime of work and sacrifice_

And when the producers no longer have an incentive to produce, the wheels of industry invention and innovation will rust and civilization will slowly grind to a halt causing people around the world to ask "where is John Galt?"_

I seriously doubt you have the slightest idea of what I'm talking about because you live in a fantasy world_
 
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....



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.

In 2005-2006, what happened was credit, not increase in money supply, banks were lending money to home buyers, not the central bank pumping money into the economy.

So this example your giving, is money supply from the consumer standpoint, and infact is a great example of why lowering wages is a bad idea economy wide, because it makes people rely on credit thus leading to bubbles.

If you simply increase money supply, i.e,. PRINTING MORE MONEY (not credit or that kind of thing), it's not gonna lead to inflation unless it leads to higher demand.
 
You're missing the point. He was noble in that he spread the oil money around, however he has done little to diversify their economy. A vast majority of their wealth comes from oil and without oil they would have zero financing for any of the state run projects + poverty without it. Considering how Chavez has crushed their gross fixed capital formation to below 20%, it raising the question of whether Venezuela has enough investment to maintain economic growth.

Oh and FYI, you can't make the argument that increased their production of non-oil assets has gone up too much considering the ever increasing shortage of basic commodities and ever increasing need for imports. Its not because of "increased local consumption" when the locals aren't able to buy **** because it isn't in stock. Its because of ridiculous price controls and their strong arm tactics to drive producers and sellers out of business. It is the exact same thing we saw in the USSR.

Btw your "value added" source is only looking at 1990-1998. Chavez took over in 1999. Absolute epic fail of an argument.

1. THere has been an increase ECONOMY WIDE, meaning he's made more markets for investment, which is why manufacturing and commerce has gone up, when you take the oil money and build infastructure, get rid of poverty and so on, you make an economy where people can invest and build buisinesses internally, which has happened.

Not increased local consumption, increased demand. But even with these shortages, you still have major increases in living standards, btw, I don't agree with food price controls, I think there are better ways to deal with those issues.

As far as capital formation ...

Venezuela - gross capital formation

I think venezuela is doing pretty well, especially considering how it was DOING.

You're right about the added value source, I apologise for that. this source Manufacturing (value added) of Venezuela, 1970-2011 goes to 2011, and it shows that percentage wise manufacturing has gone down (as would be expected when you nationalize oil), but numberwise it's gone way up.
 
In 2005-2006, what happened was credit, not increase in money supply, banks were lending money to home buyers, not the central bank pumping money into the economy.

So this example your giving, is money supply from the consumer standpoint, and infact is a great example of why lowering wages is a bad idea economy wide, because it makes people rely on credit thus leading to bubbles.

If you simply increase money supply, i.e,. PRINTING MORE MONEY (not credit or that kind of thing), it's not gonna lead to inflation unless it leads to higher demand.

Ahem, And where do banks get their money? Please tell me that you are not so misinformed about the way money effects an economy that you are actually taking the same position as Bernanke on "digitizing money"? :lamo
 
Ahem, And where do banks get their money? Please tell me that you are not so misinformed about the way money effects an economy that you are actually taking the same position as Bernanke on "digitizing money"? :lamo

From Savings, and holdings, as well as the Federal reserve, however the credit bubble had nothing to do with the Fed suddenly dishing out tons and tons of Cash, the Capitalist class had billions of unused capital, with no extra productiev markets to invest in, so they create credit bubbles to make extra profit.

When you take a mortgage out on you're house, that money isn't printed for your house ... the same when that motgage is securitized.
 
From Savings, and holdings, as well as the Federal reserve, however the credit bubble had nothing to do with the Fed suddenly dishing out tons and tons of Cash, the Capitalist class had billions of unused capital, with no extra productiev markets to invest in, so they create credit bubbles to make extra profit.

When you take a mortgage out on you're house, that money isn't printed for your house ... the same when that motgage is securitized.

And where does the Fed get their money?
 
And where does the Fed get their money?

You know the answer to this ... but arguing that that the bubble was state created, would need to assume that the fed was giving out money faster than usual, which wasn't the case ...
 
You know the answer to this ... but arguing that that the bubble was state created, would need to assume that the fed was giving out money faster than usual, which wasn't the case ...


Oh? Really? Check the CRA, there's your bubble....Demo created, demo nurtured, demo forced, then when it came tumbling down, demo disowned.
 
You don't need one Medusa__Your Marxist Utopia will seize control of existing oil companies along with all great industries to provide you the Social Justice you so very much desire_

And those magnificent visionaries who dreamed, created and invested their lives and fortunes to build these great industrial empires will be robbed of a lifetime of work and sacrifice_

And when the producers no longer have an incentive to produce, the wheels of industry invention and innovation will rust and civilization will slowly grind to a halt causing people around the world to ask "where is John Galt?"_

I seriously doubt you have the slightest idea of what I'm talking about because you live in a fantasy world_

emprica ,l dont have any utopia because l know humans are selfish by nature .this utopia can never come true under current conditions .in fact this current condition has never changed since humans learnt to own private properties during agricultural period .

every class should defend their own rights and l understand you .what l dont understand is why some people feel the need to defend the benefits of global corporations and capitalism .


and those industrial empires got rich by exploitation of those workers! .

conservative values and religion are usually abused by the globalist greedy class to make people convince that they should always be gratefull to god for the things he gave them as if god mentions capitalism in holy books .tahts why so many conservatives usually support the rightist parties although they are not very rich .

l am thankful to god too.but for the mind he gave me
 
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You don't need one Medusa__Your Marxist Utopia will seize control of existing oil companies along with all great industries to provide you the Social Justice you so very much desire_

And those magnificent visionaries who dreamed, created and invested their lives and fortunes to build these great industrial empires will be robbed of a lifetime of work and sacrifice_

And when the producers no longer have an incentive to produce, the wheels of industry invention and innovation will rust and civilization will slowly grind to a halt causing people around the world to ask "where is John Galt?"_

I seriously doubt you have the slightest idea of what I'm talking about because you live in a fantasy world_

emprica ,l dont have any utopia because l know humans are selfish by nature .this utopia can never come true under current conditions .in fact this current condition has never changed since humans learnt to own private properties during agricultural period .

every class should defend their own rights and l understand you .what l dont understand is why some people feel the need to defend the benefits of global corporations and capitalism .


and those industrial empires got rich by exploitation of those workers! .

conservative values and religion are usually abused by the globalist greedy class to make people convince that they should always be gratefull to god for the things he gave them as if god mentions capitalism in holy books .tahts why so many conservatives usually support the rightist parties although they are not very rich .

l am thankful to god too but for the mind he gave me
 
emprica ,l dont have any utopia because l know humans are selfish by nature .this utopia can never come true under current conditions .in fact this current condition has never changed since humans learnt to own private properties during agricultural period .

every class should defend their own rights and l understand you .what l dont understand is why some people feel the need to defend the benefits of global corporations and capitalism .


and those industrial empires got rich by exploitation of those workers! .

conservative values and religion are usually abused by the globalist greedy class to make people convince that they should always be gratefull to god for the things he gave them as if god mentions capitalism in holy books .tahts why so many conservatives usually support the rightist parties although they are not very rich .

l am thankful to god too but for the mind he gave me

Why is it that so many that hate capitalism, live in capitalist countries?
 
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