Venezuela : Leadership Crisis

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A failed coup and they exposed the Dutch owned Islands are where they run things from. Might as well put up a for sale sign as they will be monitored for every sound made. Try running a secret empire under those conditions. Message in a bottle methods have never won a single war, . . . ever.
 

DaSleeper

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May 27, 2007
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MHz

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That's a good question Dippy.


Capitalism and the Dutch East India Company: Crash Course World History 229



https://www.tv6tnt.com/news/regiona...cle_20a2cf82-312e-11e9-bed8-ebed9994f97e.html
IMF pleased with Grenada’s economic performance

The International Monetary Fund (IMF) Thursday expressed satisfaction with the Grenada economy five years after the island had adopted a home-grown structural adjustment programme with the Washington-based financial institution.
“We hope that we will work together in the future to build up on the base on the good performance of the country and also based on our very good relationship to continue our joint efforts to make the country better,” IMF deputy managing director, Tao Zhang, told a news conference.
Grenada entered into the three-year, US$21.9 million IMF supported, Homegrown Structural Adjustment Programme in January 2014. The main objectives of the programme were to boost inclusive growth and job creation and to restore fiscal and debt sustainability.
Zhang, who is ending a three-day visit to the island, said he met with representatives of the social partners and other stakeholder.
He said that the purpose was to try and enhance the existing good relationship with the Grenada government and to improve the institution’s understanding of what is going on in the island which is experiencing six consecutive years of growth and a debt ratio which moved from 108 per cent of gross domestic product (GDP) in 2013 to 62 per cent last year.
“Grenada’s authorities have done remarkable things in bringing down debt and leaving better public finances for future generations. These important gains are a national asset and a product of the hard work of all Grenadians. They deserve to be protected,” the IMF official added.
Prime Minister Dr. Keith Mitchell, who was also present at the news conference, said the progress made in the country is now becoming best practice for other IMF member states and that the positive rating from the Washington-based financial institution would provide further opportunities from other international organisations.
“When the IMF gives great grade, it sends a message to others and this is how we get tremendous opportunities from other donors,” said Mitchell, noting however that the positive rating will not translate into Grenada receiving special gifts from the IMF.
Zhang said that the policy of fiscal discipline instituted by the current administration, supported by the Fiscal Responsibility Law, helped to break a pattern of high debt and low growth.
“The fiscal adjustment helped cut the deficit by almost 10 per cent of GDP. It also helped reduce public debt from 108 per cent of GDP in 2013 by more than 40 percentage points by now,” said Zhang, who explained that contrary to popular belief, the significant fiscal adjustment did not negatively impact output.
“Growth in Grenada has averaged five and a half per cent annually. This compares favourably with other countries in the ECCU and the Caribbean. Crucially, the government’s strong efforts received broad backing from domestic stakeholders through a negotiated social compact.”


Should I do the other nations in the area that all suffer from the same woes except, . . . .
 

Cliffy

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Nov 19, 2008
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Tell enough lies and the sheeple will believe it is the truth. Venezuela is not about helping the people, it is about the oil. All the propaganda being spouted by the media is just that. It was in Vietnam, Iraq (x2), Syria, Libya, Chile, and on and on. It is all bull shit but sheeple gotta sheeple. Buncha fukken morons.
 

Cliffy

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The Red Cross and the UN, unequivocally agree, don’t politicize aid. Leave the Venezuelan people alone to exercise their legal right to self-determination." - Roger Waters
 

Cliffy

Standing Member
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The War on Venezuela is Built on Lies

The former United Nations Rapporteur, Alfred de Zayas, has likened this to a “medieval siege” designed “to bring countries to their knees”. It is a criminal assault, he says. It is similar to that faced by Salvador Allende in 1970 when President Richard Nixon and his equivalent of John Bolton, Henry Kissinger, set out to “make the economy [of Chile] scream”. The long dark night of Pinochet followed.
The Guardian correspondent, Tom Phillips, has tweeted a picture of a cap on which the words in Spanish mean in local slang: “Make Venezuela ****ing cool again.” The reporter as clown may be the final stage of much of mainstream journalism’s degeneration.
Should the CIA stooge Guaido and his white supremacists grab power, it will be the 68th overthrow of a sovereign government by the United States, most of them democracies. A fire sale of Venezuela’s utilities and mineral wealth will surely follow, along with the theft of the country’s oil, as outlined by John Bolton.
Under the last Washington-controlled government in Caracas, poverty reached historic proportions. There was no healthcare for those could not pay. There was no universal education; Mavis Mendez, and millions like her, could not read or write. How cool is that, Tom?

More: https://www.counterpunch.org/2019/02/22/the-war-on-venezuela-is-built-on-lies
 

MHz

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You didn't post one that showed there was a 50/50 split.


Should I go into a long post about what I think about people who support waging war against children??



https://www.thelancet.com/journals/langlo/article/PIIS2214-109X(18)30479-0/fulltext
Summary

Background

Between the 1950s and 2000, Venezuela showed one of the most substantial improvements in infant mortality rates in Latin America. However, the recent economic crisis alongside an increase in infectious and parasitic diseases might be reversing previous patterns. Because no official updated mortality statistics have been published since 2013, the effect of these recent events has been difficult to assess accurately. We therefore aimed to estimate infant mortality rate trends and report the effect of the crisis.


Findings

Around 2009, the long-term decline in infant mortality rate stopped, and a new pattern of increase was observed. The infant mortality rate reached 21·1 deaths per 1000 livebirths (90% CI −17·8 to 24·3) in 2016, almost 1·4 times the rate of 2008 (15·0, −14·0 to 16·1). This increase represents a huge setback on previous achievements in reducing infant mortality.
Interpretation

Our conservative estimation indicates that Venezuela is in the throes of a humanitarian crisis. The increase in infant mortality rate in 2016 compared with 2008 takes the country back to the level observed at the end of the 1990s, wiping out 18 years of expected progress, and leaves the Venezuelan Government far from achieving the target of nine deaths per 1000 livebirths stated in the UN Millennium Development Goals.


Trends in infant mortality rates started changing from 2009 onwards (figure 1). Rates stopped declining and began increasing, with the steepest increase seen after 2011. In 2016, the infant mortality rate (21·1 deaths per 1000 livebirths, 90% CI −17·8 to 24·3) had returned to the level observed at the end of the 1990s.
Figure 1Venezuelan infant mortality rate estimations between 1985 and 2016
 

Twin_Moose

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You didn't post one that showed there was a 50/50 split.

Well here we go again open your eyes and focus

LINK

By 1940 Venezuela was the third largest producer of crude oil in the world with more than 27 million tonnes per year - just slightly less than the production in the USSR.[16] In 1941, Isaías Medina Angarita, a former army general from the Venezuelan Andes, was indirectly elected president. One of his most important reforms during his tenure was the enactment of the new Hydrocarbons Law of 1943. This new law was the first major political step taken toward gaining more government control over its oil industry. Under the new law, the government took 50% of profits.[8][17] Once passed, this piece of legislation basically remained unchanged until 1976, the year of nationalization, with only two partial revisions being made in 1955 and 1967

Now let's look at how they got here today

The Government Gets Greedy

In 2007 oil prices were on the rise, and the Chávez government sought more revenue as the investments made by the international oil companies began to pay off. Venezuela demanded changes to the agreements made by the international oil companies that would give PDVSA majority control of the projects. Total, Chevron, Statoil and BP agreed and retained minority interests in their Venezuelan projects. ExxonMobil and ConocoPhillips refused, and as a result, their assets were expropriated. (A World Bank arbitration panel has ruled against Venezuela in both expropriation cases, but the country continues to appeal the decisions).
So there are primarily two related causes that have resulted in the steep decline of Venezuela's oil production, despite the sharp increase in the country's proved reserves. The first is the removal of expertise required to develop the country's heavy oil. This started with the firing of PDVSA employees in 2003 and continued with pushing international expertise out of the country in 2007.
Second, the Chávez government failed to appreciate the level of capital expenditures required to continue developing the country's oil. This was in no small part due to inexperience among the Chávez loyalists that were now running PDVSA, but it may not have mattered in any case. When oil prices were high, Chávez saw billions of dollars that could be siphoned to fund the country's social programs, and that's exactly what he did. But he failed to reinvest adequately in this capital-intensive industry.
That warning was prescient. Following the firing of the PDVSA employees in 2003, there was an initial steep decline in the country's oil production below 3 million BPD. Then Venezuela's oil production recovered back to the 3.3 million BPD level from 2004 to 2006. But since 2007 oil production there has been on a steep decline, despite oil prices that were regularly above $100/bbl. In 2015 Venezuela's oil production had fallen to 2.6 million BPD, a decrease of more than 20% below 2006 levels. By comparison, the U.S. has oil reserves of less than 20% of Venezuela's, yet U.S. oil production rose by 86% from 2006 to 2015.
Note I am certainly not arguing against a country using its oil reserves to benefit its citizens. But Norway provides a case in point of how this can be done responsibly. The problem with Venezuela's approach was that it extracted too much from the industry, which sacrificed its ability to continue to grow its production.

Conclusions
Events in Venezuela continue to unfold, but it's hard to imagine that the oil industry there can recover without significant reinvestment. Venezuela is one of the OPEC members that has pushed the hardest for production cuts in recent years, as it desperately needs higher oil prices not only to fund further oil industry development but to use those revenues to pay for basic needs of the Venezuelan people.
Venezuela remains one of the world's ten largest oil producers, but its position has slipped in recent years. Should the situation there continue to deteriorate, it will likely further negatively impact the country's oil production. Ironically, because of Venezuela's global importance as an oil exporter, further deterioration there could push world oil prices higher -- but that's a scenario the current Maduro government is desperately seeking to avoid.