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Venezuela - Basket Case of S.America.

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Venezuela - Basket Case of S.America.

Old 6th Aug 2019, 07:20
  #201 (permalink)  
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https://www.theguardian.com/us-news/...t-assets-in-us

Trump freezes all Venezuelan government assets in US

The Trump administration has frozen all Venezuelan government assets in a significant escalation of tensions with socialist leader Nicolás Maduro. It places Washington’s trade relations with the South American country on a par with Cuba, Syria, Iran and North Korea. The ban on Americans doing business with Venezuela’s government takes effect immediately.

“All property and interests in property of the Government of Venezuela that are in the United States ... are blocked and may not be transferred, paid, exported, withdrawn, or otherwise dealt in,” the executive order says. The order, signed by President Trump on Monday, cited Maduro’s continued “usurpation” of power and human rights abuses by those loyal to him........

As part of the executive order, Americans will be banned from engaging in transactions with anyone determined to be assisting Maduro or his government. The same Maduro supporters will also be banned from entering the US. Exceptions will be allowed for the delivery of food, medicine and clothing. Transactions with Venezuela’s still sizeable private sector do not appear to be affected either.......

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Old 6th Aug 2019, 08:57
  #202 (permalink)  
 
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Corbyn will be beside himself!

The evil empire harassing the great, incorruptible Socialist leaders of paradise on Earth.

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Old 10th Feb 2020, 22:50
  #203 (permalink)  
 
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The socialist paradise turns to a revolutionary economic model to prevent collapse?

After decades of dominating its oil industry, the Venezuelan government is quietly surrendering control to foreign companies in a desperate bid to keep the economy afloat and hold onto power.
<snip>
Private companies are pumping crude, arranging exports, paying workers, buying equipment, and even hiring security squads to protect their operations in a collapsing countryside, according to managers and oil consultants working on the country’s energy projects.
https://www.msn.com/en-us/news/world...oil/ar-BBZNgGM

I wonder what they will call this revolutionary new economic concept of having private companies run businesses?
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Old 11th Feb 2020, 13:21
  #204 (permalink)  
 
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One way or another, the government will milk the cash cow that is the PDVSA / Citgo lashup. But the plot does thicken a bit this year ...
Canadian mining firm Crystallex is another creditor of PDVSA's Citgo holdings and could potentially end up in control should PDVSA default in 2020.
Crystallex, through a US court case, has already received an undisclosed amount of Citgo shares in compensation for Venezuela's 2008 nationalization of their mines.
A separate Canadian mining firm, Rusoro, is also pursuing $1.28 billion in repayment for the prior nationalization of its assets, which it is pursuing through the US justice system until PDVSA begins making payments.
As of September of 2019, the Crystallex case seems to be moving forward
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Old 5th Jul 2020, 20:28
  #205 (permalink)  
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Old 5th Jul 2020, 21:19
  #206 (permalink)  
 
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That isn't going to end well.
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Old 5th Jul 2020, 22:27
  #207 (permalink)  
 
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Here’s a thought, if the US is all about the free market and capitalism why don’t they let nations trade freely and not interfere? Why don’t they compete by trying to sell US goods and services to these countries, increasing profits for US companies and creating American jobs, rather than throwing hissy fits when they don’t get their way and trying to commit piracy on the high seas?
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Old 5th Jul 2020, 22:38
  #208 (permalink)  
 
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It may well be that the US administration wishes to protect US (and maybe other countries) companies from supplying to a bankrupt country with a corrupt government that cannot actually meet its debts, which could put US workers on unemployment relief...

Were I running a company selling anything to Venezuela, I would want an 'Irrevocable letter of Credit' on a Swiss Bank before even accepting the order, let alone before shipping anything...

Mrs Thatcher was right for once -" Socialism is fine until you run out of other people's money"...
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Old 6th Jul 2020, 00:04
  #209 (permalink)  
 
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Dre, it's a pretty low standard of proper behavior a country has to achieve to go about their trade business with ease including trading with the USA. When one dances around chanting "Death to America" for 40 years and with a history of mischief extending to Latin America, it should be no surprise that there is zero tolerance for the merry band of Hezbollah Mullahs to be meddling close to the US.

Perhaps they should just follow the China model. Behave "somewhat" and quietly lock up the resources of Central and South America while handcuffing the Caribbean with large amounts of debt and trading market share.
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Old 6th Jul 2020, 01:56
  #210 (permalink)  
 
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Originally Posted by radeng View Post
It may well be that the US administration wishes to protect US (and maybe other countries) companies from supplying to a bankrupt country with a corrupt government that cannot actually meet its debts, which could put US workers on unemployment relief...
Or maybe because the slapped sanctions on Venezuela's ability to restructure or control it's debt with outsiders? It's pretty obvious the US wants to get rid of the current government for geopolitical reasons.

Mrs Thatcher was right for once -" Socialism is fine until you run out of other people's money"...
Venezuela isn't even that big of a socialist state. 29% of the workforce in the public sector. Higher than the US or UK, but lower than Norway, Denmark or Singapore.

Either way, why would you attack socialism when you support the use of US government intervention (ie socialism) in Venezuela's economy?

Dre, it's a pretty low standard of proper behavior a country has to achieve to go about their trade business with ease including trading with the USA. When one dances around chanting "Death to America" for 40 years and with a history of mischief extending to Latin America, it should be no surprise that there is zero tolerance for the merry band of Hezbollah Mullahs to be meddling close to the US.
Why do you care about the standard of behavior when trading with a country? Hasn't stopped the US from trading with Saudi Arabia for decades despite their far worse human rights and "mischief" history. It's because SA is in the US sphere, Iran/Venezuela aren't.
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Old 6th Jul 2020, 02:08
  #211 (permalink)  
 
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You just love to argue mate, especially about the USA and it doesn't matter what fool is in the White House. I've read the same repetitive tripe here going on two decades so by all means, continue whining from whatever distant hovel you inhabit.
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Old 6th Jul 2020, 03:34
  #212 (permalink)  
 
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Originally Posted by WhatsaLizad? View Post
You just love to argue mate, especially about the USA and it doesn't matter what fool is in the White House. I've read the same repetitive tripe here going on two decades so by all means, continue whining from whatever distant hovel you inhabit.
Another poster on the US politics thread said you guys love to play the man not the ball...
....I think he's right...
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Old 6th Jul 2020, 06:19
  #213 (permalink)  
 
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Originally Posted by dr dre View Post
Another poster on the US politics thread said you guys love to play the man not the ball...
....I think he's right...
Seems you’re guilty of what you accuse Liz of.
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Old 6th Jul 2020, 07:35
  #214 (permalink)  
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After all this time and the severe decline in Venezuela's well being, I have to wonder what goal Maduro and cohorts are striving towards (other than their own political positions). There doesn't appear to be any viable success possible for them or the people. Just more needless misery.
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Old 6th Jul 2020, 22:15
  #215 (permalink)  
 
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Just more needless misery.
But I very much doubt for Maduro and his cohorts....
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Old 7th Jul 2020, 16:13
  #216 (permalink)  
 
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Did the ships ever arrive?
That tweet is a partial thought:
US filed a lawsuit to arrest 4 tankers going to Venezuela with gasoline .
I'll try to get something more than a tweet to see if there's some meat on this bone.
Or maybe because the slapped sanctions on Venezuela's ability to restructure or control it's debt with outsiders?
Don't think so, but then, it may be a matter of killing two birds with the same stone.
This appears to be primarily a move against Iran
July 3 (UPI) -- As the United States continues to increase pressure on two adversarial nations, a U.S. judge issued a warrant for the seizure of more than 1 million barrels of gasoline being shipped by four Iranian tankers to Venezuela.

U.S. District Judge James E. Boasberg signed the warrant Thursday after authorities filed a complaint the night before in the District of Columbia alleging nearly 1.2 million barrels of Persian gasoline on the Bella, the Bering, the Pandi and the Luna are subject to forfeiture as the sale of their cargo is intended to benefit sanctioned Iranian entities, specifically the elite Islamic Revolutionary Guards Corps.
Economic sanctions are one form of political suasion. If you declare them but don't follow up, there's not point in declaring them.
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