Venezuela. A picture is worth a thousand words

[Toro]

As any economic illiterate knows, high inflation means high economic competency!

Venezuela's Inflation Breaches 25,000%

 

[danielpalos]

Communism is 0 for 100 and has failed everywhere over the past 100 years, and yet there are still ignoramouses still whoring for it today.

tax cut economics are worthless when they don't balance the budget.

 

[Toro]

Socialism happened in Venezuela

And the loons on the left want it here. Morons

Socialism happened in Venezuela in response to hundreds of years of greedy capitalists many of whom were racist Americans, like Trump.

Blaming Socialism, US Media Distorts Venezuela’s Food Crisis

"Since the early 2000s, supermarket owners affiliated with Venezuela’s opposition have been purposefully hoarding food products so they can resell them at higher prices and make large profits.

"Food importing companies owned by the country’s wealthy right-wing elite are also manipulating import figures to raise prices.

"In 2013, former Venezuelan Central Bank chief Edmee Betancourt reported that the country lost between US$15 and $20 billion dollars the previous year through such fraudulent import deals.

"It doesn’t stop there.

"Last year, over 750 opposition-controlled offshore companies linked to the Panama Papers scandal were accused of purposely redirecting Venezuelan imports of raw food materials from the government to the private sector.

"Many of these companies sell their products to private companies in Colombia, which resell them to Venezuelans living close to Colombia."

"Since the early 2000s, supermarket owners affiliated with Venezuela’s opposition have been purposefully hoarding food products so they can resell them at higher prices and make large profits.

Profits aren't allowed, eh comrade?

Profits aren't allowed, eh comrade?

How many calories do you consume every day?

Blaming Socialism, US Media Distorts Venezuela’s Food Crisis

"A new study released by researchers from three Venezuelan universities reported that nearly 75 percent of the population lost an average of 19 pounds in 2016 for lack of food.

"The report, titled, '2016 Living Conditions Survey,' added that about 32.5 percent of Venezuelans eat only once or twice a day, compared to 11.3 percent last year.

"Moreover, 93.3 percent told the researchers that their income was not enough to cover their food needs.

"The facts are clear — Venezuela does have a food crisis. Mainstream U.S. media, however, blames the socialist government that has radically improved the country’s standard of living instead of right-wing U.S.-backed opposition forces intentionally sabotaging the economy."

You should have studied economics instead of the Marxist garbage you studied 60 years ago. It’s a discredited, musty old ideology that had been discarded to the dustbins of history.

• Country has a lot of oil
• Oil rises way above the marginal cost of production, which is unsustainable
• Clueless leftist government ramps up government spending, economic illiterates cheer
• Eventually, the price of oil collapses, economic illiterates don’t understand why
• Clueless leftist government ramps up borrowing
• Price of oil remains way below high price
• Government revenue collapses while government spending explodes, government deficit soars
• Government prints money to meet debt obligations, inflation skyrockets
• Prices of goods soars, economically illiterate government imposes price controls
• Because costs skyrocket and businesses cannot raise prices, businesses stop stocking goods and shortages of basic goods develop
• Government blames evil capitalists and/or Americans for their gross incompetence, starts seizing businesses
• Government has no money and cannot invest. Businesses owned by government and supplies collapse
• Government fires all the competent people from the oil company and appoints political hacks in their place
• Government has no money and cannot invest in government oil company
• Oil company production falls from 3.3 million barrels per day to 1.4 million barrels per day
• Government cannot meet all their spending promises and starts printing money, inflation reaches 25,000%
• Dumb, Highly partisan leftists ignorant of economics and economic history post online that the incompetent leftist government isn’t to blame, demonstrating that they’ve learned nothing in 70 years

 

[danielpalos]

Socialism happened in Venezuela

And the loons on the left want it here. Morons

Socialism happened in Venezuela in response to hundreds of years of greedy capitalists many of whom were racist Americans, like Trump.

Blaming Socialism, US Media Distorts Venezuela’s Food Crisis

"Since the early 2000s, supermarket owners affiliated with Venezuela’s opposition have been purposefully hoarding food products so they can resell them at higher prices and make large profits.

"Food importing companies owned by the country’s wealthy right-wing elite are also manipulating import figures to raise prices.

"In 2013, former Venezuelan Central Bank chief Edmee Betancourt reported that the country lost between US$15 and $20 billion dollars the previous year through such fraudulent import deals.

"It doesn’t stop there.

"Last year, over 750 opposition-controlled offshore companies linked to the Panama Papers scandal were accused of purposely redirecting Venezuelan imports of raw food materials from the government to the private sector.

"Many of these companies sell their products to private companies in Colombia, which resell them to Venezuelans living close to Colombia."

"Since the early 2000s, supermarket owners affiliated with Venezuela’s opposition have been purposefully hoarding food products so they can resell them at higher prices and make large profits.

Profits aren't allowed, eh comrade?

Profits aren't allowed, eh comrade?

How many calories do you consume every day?

Blaming Socialism, US Media Distorts Venezuela’s Food Crisis

"A new study released by researchers from three Venezuelan universities reported that nearly 75 percent of the population lost an average of 19 pounds in 2016 for lack of food.

"The report, titled, '2016 Living Conditions Survey,' added that about 32.5 percent of Venezuelans eat only once or twice a day, compared to 11.3 percent last year.

"Moreover, 93.3 percent told the researchers that their income was not enough to cover their food needs.

"The facts are clear — Venezuela does have a food crisis. Mainstream U.S. media, however, blames the socialist government that has radically improved the country’s standard of living instead of right-wing U.S.-backed opposition forces intentionally sabotaging the economy."

You should have studied economics instead of the Marxist garbage you studied 60 years ago. It’s a discredited, musty old ideology that had been discarded to the dustbins of history.

• Country has a lot of oil
• Oil rises way above the marginal cost of production, which is unsustainable
• Clueless leftist government ramps up government spending, economic illiterates cheer
• Eventually, the price of oil collapses, economic illiterates don’t understand why
• Clueless leftist government ramps up borrowing
• Price of oil remains way below high price
• Government revenue collapses while government spending explodes, government deficit soars
• Government prints money to meet debt obligations, inflation skyrockets
• Prices of goods soars, economically illiterate government imposes price controls
• Because costs skyrocket and businesses cannot raise prices, businesses stop stocking goods and shortages of basic goods develop
• Government blames evil capitalists and/or Americans for their gross incompetence, starts seizing businesses
• Government has no money and cannot invest. Businesses owned by government and supplies collapse
• Government fires all the competent people from the oil company and appoints political hacks in their place
• Government has no money and cannot invest in government oil company
• Oil company production falls from 3.3 million barrels per day to 1.4 million barrels per day
• Government cannot meet all their spending promises and starts printing money, inflation reaches 25,000%
• Dumb, Highly partisan leftists ignorant of economics and economic history post online that the incompetent leftist government isn’t to blame, demonstrating that they’ve learned nothing in 70 years

lousy right wing management does that. Thank Goodness, FDR was a left winger.

 

[georgephillip]

Communism is 0 for 100 and has failed everywhere over the past 100 years, and yet there are still ignoramouses still whoring for it today.

How has communism worked in Cuba for a majority of Cubans since 1959?

Cuba is poor, but who is to blame – Castro or 50 years of the US blockade? | LSE Latin America and Caribbean

"Even factoring in its low GDP per capita, the Human Development Index (HDI) lists Cuba in the 'high human development' category; it excels not just in health and education, but also in women’s participation and political inclusion.

"Cuba has eliminated child malnutrition.

"No children sleep on the streets.

"In fact, there is no homelessness.

"Even during the hungry years of economic crisis of the 1990s, Cubans did not starve. Cuba stuck with the planned economy, and it enabled them to ration their scarce resources."

Any homelessness in your town, Rockefeller?

 

[Toro]

Communism is 0 for 100 and has failed everywhere over the past 100 years, and yet there are still ignoramouses still whoring for it today.

How has communism worked in Cuba for a majority of Cubans since 1959?

Cuba is poor, but who is to blame – Castro or 50 years of the US blockade? | LSE Latin America and Caribbean

"Even factoring in its low GDP per capita, the Human Development Index (HDI) lists Cuba in the 'high human development' category; it excels not just in health and education, but also in women’s participation and political inclusion.

"Cuba has eliminated child malnutrition.

"No children sleep on the streets.

"In fact, there is no homelessness.

"Even during the hungry years of economic crisis of the 1990s, Cubans did not starve. Cuba stuck with the planned economy, and it enabled them to ration their scarce resources."

Any homelessness in your town, Rockefeller?

In 1960, GDP per capita in Cuba was about the same as it was in Chile.

Today, Chile is a thriving 2nd world country while Cuba is poor.

That’s because Marxism sucks. Only musty old people and and clueless young people whore for it today.

 

[danielpalos]

Communism is 0 for 100 and has failed everywhere over the past 100 years, and yet there are still ignoramouses still whoring for it today.

How has communism worked in Cuba for a majority of Cubans since 1959?

Cuba is poor, but who is to blame – Castro or 50 years of the US blockade? | LSE Latin America and Caribbean

"Even factoring in its low GDP per capita, the Human Development Index (HDI) lists Cuba in the 'high human development' category; it excels not just in health and education, but also in women’s participation and political inclusion.

"Cuba has eliminated child malnutrition.

"No children sleep on the streets.

"In fact, there is no homelessness.

"Even during the hungry years of economic crisis of the 1990s, Cubans did not starve. Cuba stuck with the planned economy, and it enabled them to ration their scarce resources."

Any homelessness in your town, Rockefeller?

In 1960, GDP per capita in Cuba was about the same as it was in Chile.

Today, Chile is a thriving 2nd world country while Cuba is poor.

That’s because Marxism sucks. Only musty old people and and clueless young people whore for it today.

Who has the better "foodstamp" program?

Every Cuban household has a ration book (known as libreta) entitling it to a monthly supply of food and other staples, which are provided at nominal cost.[192]-https://en.wikipedia.org/wiki/Cuba#Economy

 

[Toddsterpatriot]

Socialism happened in Venezuela

And the loons on the left want it here. Morons

Socialism happened in Venezuela in response to hundreds of years of greedy capitalists many of whom were racist Americans, like Trump.

Blaming Socialism, US Media Distorts Venezuela’s Food Crisis

"Since the early 2000s, supermarket owners affiliated with Venezuela’s opposition have been purposefully hoarding food products so they can resell them at higher prices and make large profits.

"Food importing companies owned by the country’s wealthy right-wing elite are also manipulating import figures to raise prices.

"In 2013, former Venezuelan Central Bank chief Edmee Betancourt reported that the country lost between US$15 and $20 billion dollars the previous year through such fraudulent import deals.

"It doesn’t stop there.

"Last year, over 750 opposition-controlled offshore companies linked to the Panama Papers scandal were accused of purposely redirecting Venezuelan imports of raw food materials from the government to the private sector.

"Many of these companies sell their products to private companies in Colombia, which resell them to Venezuelans living close to Colombia."

"Since the early 2000s, supermarket owners affiliated with Venezuela’s opposition have been purposefully hoarding food products so they can resell them at higher prices and make large profits.

Profits aren't allowed, eh comrade?

Profits aren't allowed, eh comrade?

How many calories do you consume every day?

Blaming Socialism, US Media Distorts Venezuela’s Food Crisis

"A new study released by researchers from three Venezuelan universities reported that nearly 75 percent of the population lost an average of 19 pounds in 2016 for lack of food.

"The report, titled, '2016 Living Conditions Survey,' added that about 32.5 percent of Venezuelans eat only once or twice a day, compared to 11.3 percent last year.

"Moreover, 93.3 percent told the researchers that their income was not enough to cover their food needs.

"The facts are clear — Venezuela does have a food crisis. Mainstream U.S. media, however, blames the socialist government that has radically improved the country’s standard of living instead of right-wing U.S.-backed opposition forces intentionally sabotaging the economy."

Mainstream U.S. media, however, blames the socialist government that has radically improved the country’s standard of living

Stop it, you're killing me!!

 

[Toddsterpatriot]

Communism is 0 for 100 and has failed everywhere over the past 100 years, and yet there are still ignoramouses still whoring for it today.

How has communism worked in Cuba for a majority of Cubans since 1959?

Cuba is poor, but who is to blame – Castro or 50 years of the US blockade? | LSE Latin America and Caribbean

"Even factoring in its low GDP per capita, the Human Development Index (HDI) lists Cuba in the 'high human development' category; it excels not just in health and education, but also in women’s participation and political inclusion.

"Cuba has eliminated child malnutrition.

"No children sleep on the streets.

"In fact, there is no homelessness.

"Even during the hungry years of economic crisis of the 1990s, Cubans did not starve. Cuba stuck with the planned economy, and it enabled them to ration their scarce resources."

Any homelessness in your town, Rockefeller?

How has communism worked in Cuba for a majority of Cubans since 1959?

Poorly.....very, very poorly.

Cuba is poor, but who is to blame – Castro or 50 years of the US blockade?

Castro.

 

[Toro]

Here are some more pictures.

Subscribe to read | Financial Times

 

[Bleipriester]

Of course a Russian would say that.

I say that as German.

The media are Trump puppets?
You wacky Russians and your drunken sense of humor.

Don´t you wonder why the anti-Trump media didn´t lose a single word about his foreign policies (unless he stops an invasion)?

 

[Bleipriester]

Those who think the economic illiterates Chavez/Maduiro were good for Venezuela think that Robert Mugabe is an economic genius!

rofl

These idiots are why these morons keep seizing power.

Marx said history repeats itself, first as tragedy, then as farce. The economic morons pimping Maduiro are evidence of this.

Here´s a reminder...

Yeah, an economy highly reliant on oil, and oil prices spiked 15 years ago, so you’re pimping for the economic illiterates.

You socialists have no idea what’s going on.

View attachment 245227

Venezuela's Retrogressing Economy – Exhibit 1, PDVSA

When millions of Germans are fleeing because of the government’s incompetence, then you’ll have a point.

View attachment 245228


How the Venezuelan migration crisis affects South America

Oil that´s going to Washington for free doesn´t benefit the Venezuelan economy.
This is why the overall economy grew massively under Chavez while the oil output was shrinking.

 

[Toro]

Those who think the economic illiterates Chavez/Maduiro were good for Venezuela think that Robert Mugabe is an economic genius!

rofl

These idiots are why these morons keep seizing power.

Marx said history repeats itself, first as tragedy, then as farce. The economic morons pimping Maduiro are evidence of this.

Here´s a reminder...

Yeah, an economy highly reliant on oil, and oil prices spiked 15 years ago, so you’re pimping for the economic illiterates.

You socialists have no idea what’s going on.

View attachment 245227

Venezuela's Retrogressing Economy – Exhibit 1, PDVSA

When millions of Germans are fleeing because of the government’s incompetence, then you’ll have a point.

View attachment 245228


How the Venezuelan migration crisis affects South America

Oil that´s going to Washington for free doesn´t benefit the Venezuelan economy.
This is why the overall economy grew massively under Chavez while the oil output was shrinking.

Oil didn’t go to Washington for free. It goes to Cuba and went to the districts of grandstanding leftist Massachusetts politicians for free.

The problems at PdVSA are well-documented. Chávez ran it into the ground. And he ran Venezuela into the country like oil was going to stay at $120 forever. Maduiro is merely reaping what the incompetent socialist Chávez sowed.

 

[Bleipriester]

Those who think the economic illiterates Chavez/Maduiro were good for Venezuela think that Robert Mugabe is an economic genius!

rofl

These idiots are why these morons keep seizing power.

Marx said history repeats itself, first as tragedy, then as farce. The economic morons pimping Maduiro are evidence of this.

Here´s a reminder...

Those are some nice fake charts you've got there!!
Where's your source?

It all started to work out for Venezuela but with the death of Chavez the rats came out to grab the soil and the oil. And if course they blame it on Maduro.

Economy of Venezuela - Wikipedia

 

[Bleipriester]

Those who think the economic illiterates Chavez/Maduiro were good for Venezuela think that Robert Mugabe is an economic genius!

rofl

These idiots are why these morons keep seizing power.

Marx said history repeats itself, first as tragedy, then as farce. The economic morons pimping Maduiro are evidence of this.

Here´s a reminder...

Yeah, an economy highly reliant on oil, and oil prices spiked 15 years ago, so you’re pimping for the economic illiterates.

You socialists have no idea what’s going on.

View attachment 245227

Venezuela's Retrogressing Economy – Exhibit 1, PDVSA

When millions of Germans are fleeing because of the government’s incompetence, then you’ll have a point.

View attachment 245228


How the Venezuelan migration crisis affects South America

Oil that´s going to Washington for free doesn´t benefit the Venezuelan economy.
This is why the overall economy grew massively under Chavez while the oil output was shrinking.

Oil didn’t go to Washington for free. It goes to Cuba and went to the districts of grandstanding leftist Massachusetts politicians for free.

The problems at PdVSA are well-documented. Chávez ran it into the ground. And he ran Venezuela into the country like oil was going to stay at $120 forever. Maduiro is merely reaping what the incompetent socialist Chávez sowed.

"From 1993 to 2000, however, that distribution almost completely reversed, to where 64 percent of PDVSA's income were kept by PDVSA, leaving a remainder of only 36 percent for the government."

History of the Venezuelan oil industry - Wikipedia

 

[Toddsterpatriot]

Of course a Russian would say that.

I say that as German.

The media are Trump puppets?
You wacky Russians and your drunken sense of humor.

Don´t you wonder why the anti-Trump media didn´t lose a single word about his foreign policies (unless he stops an invasion)?

I say that as German.

Of course you are, tovarish.

 

[Correll]

Just for remembrance

Just took a little look.


ONe point. We built the fucking canal. They wouldn't even be a country, if not for US. It was our right to keep the fucking canal.

 

[Bleipriester]

Of course you are, tovarish.

Please point your finger on the USSR on this current world map.

 

[georgephillip]

Socialism happened in Venezuela

And the loons on the left want it here. Morons

Socialism happened in Venezuela in response to hundreds of years of greedy capitalists many of whom were racist Americans, like Trump.

Blaming Socialism, US Media Distorts Venezuela’s Food Crisis

"Since the early 2000s, supermarket owners affiliated with Venezuela’s opposition have been purposefully hoarding food products so they can resell them at higher prices and make large profits.

"Food importing companies owned by the country’s wealthy right-wing elite are also manipulating import figures to raise prices.

"In 2013, former Venezuelan Central Bank chief Edmee Betancourt reported that the country lost between US$15 and $20 billion dollars the previous year through such fraudulent import deals.

"It doesn’t stop there.

"Last year, over 750 opposition-controlled offshore companies linked to the Panama Papers scandal were accused of purposely redirecting Venezuelan imports of raw food materials from the government to the private sector.

"Many of these companies sell their products to private companies in Colombia, which resell them to Venezuelans living close to Colombia."

"Since the early 2000s, supermarket owners affiliated with Venezuela’s opposition have been purposefully hoarding food products so they can resell them at higher prices and make large profits.

Profits aren't allowed, eh comrade?

Profits aren't allowed, eh comrade?

How many calories do you consume every day?

Blaming Socialism, US Media Distorts Venezuela’s Food Crisis

"A new study released by researchers from three Venezuelan universities reported that nearly 75 percent of the population lost an average of 19 pounds in 2016 for lack of food.

"The report, titled, '2016 Living Conditions Survey,' added that about 32.5 percent of Venezuelans eat only once or twice a day, compared to 11.3 percent last year.

"Moreover, 93.3 percent told the researchers that their income was not enough to cover their food needs.

"The facts are clear — Venezuela does have a food crisis. Mainstream U.S. media, however, blames the socialist government that has radically improved the country’s standard of living instead of right-wing U.S.-backed opposition forces intentionally sabotaging the economy."

You should have studied economics instead of the Marxist garbage you studied 60 years ago. It’s a discredited, musty old ideology that had been discarded to the dustbins of history.

• Country has a lot of oil
• Oil rises way above the marginal cost of production, which is unsustainable
• Clueless leftist government ramps up government spending, economic illiterates cheer
• Eventually, the price of oil collapses, economic illiterates don’t understand why
• Clueless leftist government ramps up borrowing
• Price of oil remains way below high price
• Government revenue collapses while government spending explodes, government deficit soars
• Government prints money to meet debt obligations, inflation skyrockets
• Prices of goods soars, economically illiterate government imposes price controls
• Because costs skyrocket and businesses cannot raise prices, businesses stop stocking goods and shortages of basic goods develop
• Government blames evil capitalists and/or Americans for their gross incompetence, starts seizing businesses
• Government has no money and cannot invest. Businesses owned by government and supplies collapse
• Government fires all the competent people from the oil company and appoints political hacks in their place
• Government has no money and cannot invest in government oil company
• Oil company production falls from 3.3 million barrels per day to 1.4 million barrels per day
• Government cannot meet all their spending promises and starts printing money, inflation reaches 25,000%
• Dumb, Highly partisan leftists ignorant of economics and economic history post online that the incompetent leftist government isn’t to blame, demonstrating that they’ve learned nothing in 70 years

You should have studied economics instead of the Marxist garbage you studied 60 years ago. It’s a discredited, musty old ideology that had been discarded to the dustbins of history.

You should remember there's a really big powerful club and you are NOT in it.

How the Media Manufactures Consent for Regime Change in Venezuela

"The latest extraordinary chapter in the bizarre world of Venezuelan politics is playing out before our eyes.

"After winning the 2018 presidential elections, Nicolás Maduro was inaugurated in January, only for the head of the National Assembly, Juan Guaidó -- a man whom, at the time, less than 20 percent of the country had even heard of -- to declare himself President.

"Guaidó was immediately backed by the governments of the U.S. and U.K., with Vice President Mike Pence stating, 'Nicolás Maduro is a dictator with no legitimate claim to power. He has never won the presidency in a free and fair election, and has maintained his grip of power by imprisoning anyone who dares to oppose him.'"

The economic mistakes of Chavez and Maduro are dwarfed by arrogant, naive US mental pygmies who believe another coup in South America will resurrect the bloated, decaying neoliberal corpse of capitalism.

Good luck with that one, Gringo.

 

[Toddsterpatriot]

Of course you are, tovarish.

Please point your finger on the USSR on this current world map.

Does that still make you sad?