Venezuela is on the brink of a complete economic collapse


Locutus
#1
it's probably nothing

The only question now is whether Venezuela's government or economy will completely collapse first.

The key word there is "completely." Both are well into their death throes. Indeed, Venezuela's ruling party just lost congressional elections that gave the opposition a veto-proof majority, and it's hard to see that getting any better for them any time soon — or ever. Incumbents, after all, don't tend to do too well when, according to the International Monetary Fund, their economy shrinks 10 percent one year, an additional 6 percent the next, and inflation explodes to 720 percent. It's no wonder, then, that markets expect Venezuela to default on its debt in the very near future. The country is basically bankrupt.


more


https://www.washingtonpost.com/news/...homepage/story
 
Curious Cdn
Conservative
#2
Petro based economies are all bleeding, right now.
 
captain morgan
Bloc Québécois
+1
#3
Every economy has an exclusive reliance on petroleum. That said, the nations with this resource are, by in large, going to do better than those without
 
Walter
+1
#4
Another Venezuela thread. We already know it's a socialist paradise.
 
Cannuck
No Party Affiliation
+1 / -1
#5
Thank Gawd Wally's back. I was worried Wally. Some Leftard pretending to be you gave me a red when I posted something critical of CB and his support of nationalized resources
 
taxslave
Free Thinker
#6
Quote: Originally Posted by Curious Cdn View Post

Petro based economies are all bleeding, right now.

Except the US. Their economy is growing in part because they are no longer reliant on imported oil.
 
darkbeaver
Republican
-1
#7
Quote: Originally Posted by taxslave View Post

Except the US. Their economy is growing in part because they are no longer reliant on imported oil.

Their economy is growing smaller, growing deeper in debt, growing arms amd munitions to fend off the legions of creditors, growing more violent as the election looms.
 
MHz
#8
Quote: Originally Posted by taxslave View Post

Except the US. Their economy is growing in part because they are no longer reliant on imported oil.

News flash, this is money leaving rather than coming in.
U.S. National Debt Clock : Real Time
Almost enough to make your eyes spin.
 
tay
#9
Quote: Originally Posted by taxslave View Post

Except the US. Their economy is growing in part because they are no longer reliant on imported oil.

House prices are stagnant and have been for a long time. Unemployment hasn't changed much as well for a long time. And their Oil advantage has gone the way of Canada's.......

http://forums.canadiancontent.net/us...ate-texas.html
 
bill barilko
#10
It sure is easy to see who's never been near South America on this thread-all of you fools.
 
darkbeaver
Republican
#11
Quote: Originally Posted by bill barilko View Post

It sure is easy to see who's never been near South America on this thread-all of you fools.

Don't eat Pacific fish Bill.
 
bill barilko
#12
Quote: Originally Posted by darkbeaver View Post

Don't eat Pacific fish Bill.

Just finished a plate of steamed Blue Cod from New Zealand covered in Peanut Butter/Harissa sauce-very tasty-as was the Avocado Salad and fresh French Bread from Terra Breads @ Granville Island Market.
 
darkbeaver
Republican
#13
I was too late. Lot of dead things popping up in the Pacific lately, covering shores.
 
Walter
#14
Quote: Originally Posted by tay View Post

House prices are stagnant and have been for a long time. Unemployment hasn't changed much as well for a long time. And their Oil advantage has gone the way of Canada's.......

http://forums.canadiancontent.net/us...ate-texas.html

But...but...BHO.
 
CDNBear
#15
Quote: Originally Posted by Cannuck View Post

Thank Gawd Wally's back. I was worried Wally. Some Leftard pretending to be you gave me a red when I posted something critical of CB and his support of nationalized resources

I love it when you take me places while I'm in your head. I can't wait for you to show me around St Augustine.

I think walter will like it too.

Quote: Originally Posted by bill barilko View Post

It sure is easy to see who's never been near South America on this thread-all of you fools.

Poor Billy, forever trying to find something he can call his own.
 
darkbeaver
Republican
+1
#16
Quote:

CDNBear;2242123]I love it when you take me places while I'm in your head. I can't wait for you to show me around St Augustine.

I wonder how you're dressed in his head? Something seductive perhaps, a slinky two piece bathing suit maybe.
 
CDNBear
#17
Quote: Originally Posted by darkbeaver View Post

I wonder how you're dressed in his head? Something seductive perhaps, a slinky two piece bathing suit maybe.

Maybe, his infatuation with me could manifest in any number of ways.
 
Walter
+1
#18
Quote: Originally Posted by CDNBear View Post

Maybe, his infatuation with me could manifest in any number of ways.

http://www.youtube.com/watch?v=AlREUROGwpI
 
darkbeaver
Republican
#19
Quote: Originally Posted by Cannuck View Post

Thank Gawd Wally's back. I was worried Wally. Some Leftard pretending to be you gave me a red when I posted something critical of CB and his support of nationalized resources


Feb 01 09:47

GM Mosquitoes With Possible Link To Zika Virus Awaiting Release In Florida


Read more: whatreallyhappened.com WHAT REALLY HAPPENED | The History The US Government HOPES You Never Learn!


 
MHz
#20
Somehow I don't see this new government lasting until the next election.
 
damngrumpy
No Party Affiliation
#21
If democracy fails use the army the veto nullify er Remember opposition is
disruptive isn't it
 
EagleSmack
+1
#22
Venezuela is fooked! Told ya!
 
MHz
#23
That would be the new government you were bragging up. lol
 
EagleSmack
+2
#24  Top Rated Post
Maduro is out? lmao


FAIL...


Just like Chavez's Revolution.... FAIL
 
MHz
#25
He's been out for awhile, where is the promised recovery?
 
Walter
#26
It could be too late to avoid catastrophe in Venezuela - FT.com
 
Toro
+2
#27
Quote: Originally Posted by Curious Cdn View Post

Petro based economies are all bleeding, right now.

Their problem isn't low prices. Even when prices were high, they were going into the toilet.

They were instituting ridiculous leftist, populist and anti-capitalist policies that have failed repeatedly in developing countries.

When Marx said that history repeats itself, first as tragedy, then as farce, he had Venezuela in mind.
 
MHz
-2
#28
The country was in financial trouble long before Hugo was voted in. You can thank the capitalist west for that. Another story where facts are just getting in the way of a good fairy-tale.
 
Sons of Liberty
#29
It's Bush's fault
 
Walter
+1
#30
Quote: Originally Posted by MHz View Post

The country was in financial trouble long before Hugo was voted in. You can thank the capitalist west for that. Another story where facts are just getting in the way of a good fairy-tale.

Chavez had 14 years to fix it and he made it much worse but his family became fabulously wealthy.
 

Similar Threads

2