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Venezuela reveals $240B in debt it cannot pay (~$100B more than expected)
71–80 of 111 posts
Re: Venezuela reveals $240B in debt it cannot pay (~$100B more than expected)
#72Come to think about it, Venezuela owes me a billion dollars too. I forgot to send the invoice. Silly me.
Re: Venezuela reveals $240B in debt it cannot pay (~$100B more than expected)
#73Re: Venezuela reveals $240B in debt it cannot pay (~$100B more than expected)
#74Such a shame that a country with the world's largest proven oil reserves is so much in debt and poverty. Lesson for the rest of the world is: you go against the USA, prepare to suffer. Of course, s/USA/China/ or s/USA/Russia/ above in a few years time.
We are not in the shithole we are because “we went against the USA”. The US was our biggest business partner. Our problem was we elected a coupster moron that destroyed our economy. It was our own doing.
Re: Venezuela reveals $240B in debt it cannot pay (~$100B more than expected)
#75Earlier quoted context omitted.
I'm 100% fine with moving almost all government payments to a system where elected officials need to sign off before a payment is made. As long as he/she is willing to be responsible for the fraud that takes place. And I will walk Trump to jail when this happens, just as I walk the names I posted to jail too. And no, in PURE capitalism, it doesn't happen. It's just that we have too much socialist shit. In pure capita…
> And no, in PURE capitalism, it doesn't happen. Just like PURE communism!
Pure Communism - as in marxism, the default is Elites make choices on where to allocate funding. Nowhere in that manifest is a checks and balances system. So yes, in pure communism, it is a direction to fraud. Not Capitalism.
Re: Venezuela reveals $240B in debt it cannot pay (~$100B more than expected)
#76Earlier quoted context omitted.
Fabulous win in what ways, and for who? I'm genuinely asking, as I haven't followed the country much. From what I have read the same corrupt repressive regime, the one that ran the country into the ground, is still in place while the democratic opposition that had shown some life in recent years has gone silent.
Yeah, but did you considered that democracy was never a goal? Republican party is in full swing to destroy American democracy, why would they seek to create one in Venezuela? Bribes and oil were the goal. Consolidation of allied dictator was goal. That worked.
That's not a bad policy, considering America's disastrous history of spreading democracy and then finding out those voters want different shades of fascism
Re: Venezuela reveals $240B in debt it cannot pay (~$100B more than expected)
#77Who lent them the money? Did the government of Venezuela have good credit? It's the creditor's fault as much as - or in this case, arguably more than - the debtor's. The same applies to some business and personal debt: Sometimes good loans go bad; life has risk; sometimes it's obvious ahead of time. Either way, both parties take on the risk and both are responsible for the outcome. When the creditor is significantly…
I know China gave one loan of 50 billion in exchange of future oil production. It was a terrible deal at the time, because they fixed the price of the barrel to a price way lower than market.
And when the Chinese noticed their money was being basically stolen they stopped giving loans, fortunately.
Re: Venezuela reveals $240B in debt it cannot pay (~$100B more than expected)
#78Earlier quoted context omitted.
> And no, in PURE capitalism, it doesn't happen. Just like PURE communism!
Pure Communism - as in marxism, the default is Elites make choices on where to allocate funding. Nowhere in that manifest is a checks and balances system. So yes, in pure communism, it is a direction to fraud. Not Capitalism.
Re: Venezuela reveals $240B in debt it cannot pay (~$100B more than expected)
#79Earlier quoted context omitted.
you can talk about "opposition still remains" as much as you want, but it's the right wing leaders who are winning elections
I'm not talking about elections that far right lunatics* allegedly win by 1%. I'm talking about what happens after. * Colombia's new guy boasted of strapping fireworks to cats, and married his wife when she turned 18 and he was almost 30.
With credentials like that, shouldn't he be working as head of the US DoJ or DHS?
Re: Venezuela reveals $240B in debt it cannot pay (~$100B more than expected)
#80According to the Financial Times, it will be the world’s largest debt restructuring.[a] Venezuela's economy has been a disaster for many years.[b] Surely I'm not the only one wondering: Where did all that borrowed money go? If any of it had been spent to buy goods and services inside Venezuela, it would have led to at least some business formation and activity. Instead, there's only been business destruction and cons…
It’ll be hard to know where it goes, but there’s a reason why people like Putin are billionaires. They siphon off funds from the state to themselves. And no one is in a position to stop them or even look into what’s going on. Venezuela was allegedly planning to invade a resource rich neighbor before the Trump administration’s actions, as part of a long standing territorial dispute, and I think that was partly so Madu…
To be honest that was a huge bluff. There’s no way the decimated Venezuelan army after so many years of corruption could even threaten to invade anybody. Not downplaying the seriousness of the whole thing but even Venezuelans knew that was a distraction.