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Venezuela - Basket Case of S.America.

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Venezuela - Basket Case of S.America.

Old 18th May 2016, 06:26
  #21 (permalink)  
 
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And my own memories of Venezuela are forever rose-tinted after flying in to the Angel Falls strip from Puerto Ordaz in a ServiVensa DC-3 and meeting a Lufthansa stewardess who had hiked the whole way up there and needed somewhere to stay...
Had a similar experience! We went up by canoe, an 8 hour trip, and I ended up sitting next to a Venezuelan beauty.......we dated for a year. I'll never forget the DC-3 trip over the falls. I was there when Chavez won and it was obvious things were going to change. Very, very sad to see what the nation has become.
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Old 18th May 2016, 08:38
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Venezuela leader sees 'disappearance' of opposition legislature | Reuters
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Old 18th May 2016, 09:16
  #23 (permalink)  
 
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The opposition call on the armed forces to intervene to protect the constitution

The state of healthcare in Venezuela
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Old 18th May 2016, 09:42
  #24 (permalink)  
 
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I'm sure Venezuela's Russian friends will soon be along to assist. After all, their great friend Chavez bought 100,000 Kalshnikovs and 24 x Sukhoi-30 jets off the Russians, so I'm sure they'll be willing to help out their friends in militarism, when they're in a spot of economic bother .... won't they?? Won't they?????
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Old 18th May 2016, 09:58
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The land of beautiful women!. Sitting outside a bar in Caracas on a Saturday night is forever etched in my memories. Saturday night for young women was for parading your beauty up and down the street. Ah, makes me feel young again!!.
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Old 19th May 2016, 02:50
  #26 (permalink)  
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I'm sure Venezuela's Russian friends will soon be along to assist. After all, their great friend Chavez bought 100,000 Kalshnikovs and 24 x Sukhoi-30 jets off the Russians, so I'm sure they'll be willing to help out their friends in militarism, when they're in a spot of economic bother .... won't they?? Won't they?????

Yes they are. They also purchased a 50% stake in one of the major oil plays.
China bought a large percentage of another play.
Venezuela just does not have the resources as in US$ to buy the equipment to produce the fields.
Russian is also the source from my recollection of the oil import for Venezuela to refine petroleum products for domestic consumption that was eluded to up post.


You just have to consider that even as oil prices increase, Venezuela has taken a major hit on oil revenues as Russia and China get there percentage of oil/monies first from the production in those plays.


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Old 19th May 2016, 20:18
  #27 (permalink)  
 
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Originally Posted by VFD View Post
Russian is also the source from my recollection of the oil import for Venezuela to refine petroleum products for domestic consumption that was eluded to up post.
Alluded, not eluded -- -- and a nice post regarding the other players in Venezuela's attempts at stopping the bleeding of revenue.
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Old 24th May 2016, 04:46
  #28 (permalink)  
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It's not all bad news then......getting rid of this stuff anywhere can only be classed as a bonus to society.....

Sugar shortage cuts Coca-Cola production in Venezuela - BBC News
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Old 24th May 2016, 17:51
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I was chasing a job in Caracas in 1981, one I narrowly missed. Back then things were booming there, with Venezuelan-registered aircraft a regular sight in Miami, where I was based.

11 Years later, in mid-1992, I met up with a Venezuelan crew at the Citation training facility in Wichita. What a tale of woe! Those guys were just hanging on to their jobs, worried about being caught up in the collapse of the Venezuelan economy, and I guess it was much better then than now, just 24 years later.

It's appalling, the damage that bad leadership can inflict on a country, how that can change its history. Venezuela without Chavez might have been like Cuba without Castro, but we'll never get to see those alternate versions of history.

The other day we went to a tango presentation, when the history of the tango is intertwined with the history of Buenos Aires and Argentina, and Juan Peron, another guy who managed to ruin his country.

Last edited by chuks; 24th May 2016 at 18:03.
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Old 24th May 2016, 22:39
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Funny how the PDVSA (State Petroleum Co.) managed to shunt $40m a year to Lotus F1 to pay for hire driver Paster (Crashtor Maldonado)

Im sure those funds would have been much appreciated elsewhere

Last edited by OldCessna; 25th May 2016 at 03:07. Reason: Spelling error.
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Old 25th May 2016, 03:45
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He's named Pastor, not Paster, but your point is a good one.

Petronas sponsoring Mercedes is another curious example of big bucks flowing from a Third World oil company to a Formula 1 team for no obvious gain.
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Old 25th May 2016, 04:32
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With the views of the Caribbean Sea from the north coast, they could sell a Trillion Dollars of ocean view lots to the Gringos from the north with a stable government.

Last edited by WhatsaLizad?; 25th May 2016 at 06:44.
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Old 25th May 2016, 04:55
  #33 (permalink)  
 
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Originally Posted by OldCessna View Post
Funny how the PDVSA (State Petroleum Co.) managed to shunt $40m a year to Lotus F1 to pay for hire driver Paster (Crashtor Maldonado)

Im sure those funds would have been much appreciated elsewhere

Don't forget Milka Duno in Indy Cars. Probably not as much money as Crashtor, but no where near as competitive. Crashtor could actually run competitive times, he just had an unfortunate habit of falling off the track or running into other cars. Milka, well in short I think I was a better race driver than she was, and I was no where near being professional caliber. I watched a race at Watkins Glen in '09 - she was so far off the pace it would have embarrassed any normal professional race driver.
But she did look good out of uniform
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Old 25th May 2016, 19:11
  #34 (permalink)  
 
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Originally Posted by JEM60 View Post
The land of beautiful women!. Sitting outside a bar in Caracas on a Saturday night is forever etched in my memories. Saturday night for young women was for parading your beauty up and down the street. Ah, makes me feel young again!!.
One such beauty was accompanying Simon Reeve in this, BBC iPlayer - Caribbean with Simon Reeve - Episode 2 such a waste of a country!
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Old 25th May 2016, 22:11
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The "lure of free stuff" is quite compelling when a citizen's earnings are taxed in excess of 50%..
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Old 26th May 2016, 00:14
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Some said (I think it was here) that Chavez' daughter has skimmed billions into offshore accounts. Is there a link to that anywhere and is any legal agency or even a journo chasing after her?
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Old 26th May 2016, 05:47
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Hugo Chávez daughter is the richest individual in Venezuela, report claims | Fox News Latino
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Old 26th May 2016, 05:59
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I entertained the thought that maybe Mr Chavez was not really a socialist but pretended to be one so as to come to power.
That's what socialists always say when their socialist utopias collapse. 'But he wasn't a real socialist! If he'd been a real socialist, everything would be wonderful!'

No matter how often socialism proves a disaster in the real world--as it always must, until they can create the New Socialist Man, who's happy to work hard so the products of his labours can be given to those who don't---they'll keep calling for more.
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Old 26th May 2016, 19:26
  #39 (permalink)  
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Venezuelan Bolivar experiences inflationary spike, as booming abundance of socialist economy makes currency virtually meaningless
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Old 26th May 2016, 20:42
  #40 (permalink)  
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Inflation running 200% plus last year estimated 700-800% this year.


That plush 3000 Bolivar a month government controlled pay scale last year is only going to be worth 3 a month by the end of this year.


In the meantime the new normal is shortages of food, water, medicine and electricity in Utopia.


The government has basically about run out of resources to feed the population since hardly anything is produced domestically and has to be imported after the government has taken over production and manufacturing.


The end point is not going to be pretty and looking like it is approaching soon.


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