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View Full Version : What do you think of Hugo Chavez?


SID
10-16-2010, 07:17 AM
?

Frank Sobotka
10-16-2010, 07:44 AM
His paranoia of american might be what has kept him from getting assassinated.
They don't want to 2Pac him.

SID
10-16-2010, 07:59 AM
He is not paranoid.

The blatant aggressive imperialistic actions of the US is where his allegations are based, the 5 American army bases built in Columbia is what is making him weary, what are they preparing for war?

America funding the genocide of the Palestinians using Israel as there middle eastern proxy is whats making Chavez weary.

He is anti imperialist and anti capitalist not anti American.

SL33
10-16-2010, 08:13 AM
He is anti imperialist and anti capitalist not anti American.

repped

Frank Sobotka
10-16-2010, 09:08 AM
He is not paranoid.

The blatant aggressive imperialistic actions of the US is where his allegations are based, the 5 American army bases built in Columbia is what is making him weary, what are they preparing for war?

America funding the genocide of the Palestinians using Israel as there middle eastern proxy is whats making Chavez weary.

He is anti imperialist and anti capitalist not anti American.
I didn't mean he was really paranoid but that the paranoid facade might be keeping him immune from assassination which -according to my understanding- is something the americans do to dictators who won't be corrupted.

Robert
10-16-2010, 09:51 AM
Regardless of what Chavez claims to stand for, his presence, as far as I'm concerned, is a burden on Venezuelans.

SID
10-16-2010, 10:42 AM
Can you elaborate on what makes you think that?

beautifulrock
10-16-2010, 10:51 AM
He has a reason to be nervous, he's sitting on the largest untapped oil reserves in the western hemisphere.

RADIOACTIVE MAN
10-20-2010, 06:54 AM
i think he is a guy looking out for the best interest of his country and wont let any hound dogs just walk in from some other country and decide how the political atmosphere should go in his country,personally thats what i call a leader,i got no qualms with the man,maybe other nations need to start learning from his playbook and stop letting their countries go to shit and gettin corrupted by bigger nations who hoodwink em with money.

SID
10-20-2010, 07:07 AM
Shifters aight.

J.T.S.
10-20-2010, 09:12 AM
Hey no problems with Hugo he gave me free heating oil a couple of years back !

Undiluted Karma
10-20-2010, 01:04 PM
I find him hilarious can't really comment loads on him or his policies don't know much about them, I like how hes not afraid to stand up to America. From what I've read hes done some good stuff for his country

SL33
10-20-2010, 01:29 PM
ha had nationalised venezuela's oil resources (orinoco river and oil platforms). americans are pissed cause their companies are being cut-off. ahmadinejad did almost the same thing. they want to be independent.


also, he's a great supporter of south american unity. he's not antiamerican, but he's anti-globalist.

i respect his anti-NATO stance too.

AM_
10-20-2010, 03:50 PM
Regardless of what Chavez claims to stand for, his presence, as far as I'm concerned, is a burden on Venezuelans.
This.

I don't have any idealogical qualms with the man, per se, but after having spent considerable time in Venezuela both before and after Chavez, I can safely say that Venezuelans are living worse than they did previously. My buddy got robbed at gun point in a fucking McDonalds and half of the time it's the police that rob you!

TheBoarzHeadBoy
10-20-2010, 04:16 PM
Kind of a jackass but he's allowed to be. If Venezuela didn't have oil we'd never have heard of him. As they do its none of our problem you know? Its South America. Who gives a shit. He might be walking the line because Communist and Socialist, but he's no Kim Jong Il. His shit's working out alright.

SID
10-20-2010, 04:29 PM
The country was in ruins before Chavez was there, fact.

Its not a perfect country and hes not the perfect leader don't get me wrong, every system has its flaws its just a case of damage control, and i think Chavez has implemented a proficient damage control system.

He is a socialist that is capitalizing whatever NEEDS to be, every other law or decision is done with a social and moral consciousness rather then a profit seeking capitalist mindset.

He is freeing themselves from the shackles of imperialism and colonialism, its a hard long struggle that will effect many things over others, during a revolution like this certain things need to be undermined until the revolution is complete, then you can judge if it is right or wrong.

RADIOACTIVE MAN
10-20-2010, 04:34 PM
amen!!

TheBoarzHeadBoy
10-20-2010, 04:49 PM
The country was in ruins before Chavez was there, fact.

Its not a perfect country and hes not the perfect leader don't get me wrong, every system has its flaws its just a case of damage control, and i think Chavez has implemented a proficient damage control system.

He is a socialist that is capitalizing whatever NEEDS to be, every other law or decision is done with a social and moral consciousness rather then a profit seeking capitalist mindset.

He is freeing themselves from the shackles of imperialism and colonialism, its a hard long struggle that will effect many things over others, during a revolution like this certain things need to be undermined until the revolution is complete, then you can judge if it is right or wrong.

America is the main victim of Imperialism and colonialism.

Undiluted Karma
10-20-2010, 06:03 PM
it used to be the main victim of colonialism, ie the REAL americans(native americans)

it is a victim of imperialism, also prostrating as a excellent democracy, when if you want to look at a real democracy look at the likes of Norway or Sweden

your'e welcome

AM_
10-20-2010, 07:29 PM
Kind of a jackass but he's allowed to be. If Venezuela didn't have oil we'd never have heard of him. As they do its none of our problem you know? Its South America. Who gives a shit. He might be walking the line because Communist and Socialist, but he's no Kim Jong Il. His shit's working out alright.
Really? When's the last time you went to Venezuela?

Nick Fury
10-20-2010, 07:55 PM
Its South America. Who gives a shit.


corporations do

Nick Fury
10-20-2010, 07:59 PM
it used to be the main victim of colonialism, ie the REAL americans(native americans)


the decendants of the Indigenous peoples of south america are also native americans

TheBoarzHeadBoy
10-20-2010, 09:14 PM
it used to be the main victim of colonialism, ie the REAL americans(native americans)

it is a victim of imperialism, also prostrating as a excellent democracy, when if you want to look at a real democracy look at the likes of Norway or Sweden

your'e welcome

Oh, I was referring to the colonists... but I see where you thought I was going. No, I meant the Europeans were fucking with our colonies. Native Americans were barbarians.

http://chuvachienes.com/wp-content/uploads/2010/01/arnold-schwarzenegger-conan-the-barbarian-c10102051.jpeg

http://www.chronicleoftheoldwest.com/pics/indian-spear394.jpg

Same shit.

knewcheeze
10-21-2010, 11:30 AM
more half truths from Mr. Boarz ass boy

true there was some native american tribes
who was barbarians

but there was other tribes who was not

there was other tribes who was living in
peace with africans and europeans here
in "north amerikkka" before the corporate
european(the intellectual forefather of
Mr. Boarz ass boy)came

matter of fact the corporate europeans
who created the constitution and such
stole their ideas from the Native Americans,
Africans and europeans who was living here....

in peace

and these corporate europeans could not
live up to these ideas obviously

corporate europeans that had to get
a SECOND set of wooden teeth because
of lack of hygene(george washington)

PEACE

knewcheeze
10-21-2010, 11:32 AM
oh yeah

Chavez is like Castro..

100 times better than any USA puppet

Nick Fury
10-21-2010, 06:23 PM
how about those Incas , aztecs , n mayans guiyze

Robert
10-22-2010, 09:14 AM
The country was in ruins before Chavez was there, fact.



Fact: You haven't been there.

Fact: Neither have I, but I conversed with several people that had spent some time there while I was in South America. They commented that there were state imposed lockdowns while they were there and a constant police presence on the street.

Fact: He runs a quasi police state. The corruption is enormous and the country is very dangerous for foreigners and locals alike.

Having said all that, it is an impossible situation, as it is in many South American nations. He has certainly done the right thing by excluding US companies. I'm sure you're all aware of their diabolical track record in South America.

Fact: South Americans hate (white) Americans.

Robert
10-22-2010, 09:29 AM
It's hilarious how threatened the US feel by Chavez.

Some of the things he's trying to do (ALBA, the SUCRE etc) will reduce American control across Latin America, not just in his country. That is fantastic.

Does this mean his own citizens will experience a better quality of life? I don't think so.

Caracas is the most dangerous place in South America, straight up and down.

Crime is off the charts across the entire country. Police corruption es lo mismo. All this has happened under his watch.

So yeah, just because you like him in terms of ideology, doesn't mean it's a good thing for his people.

J.T.S.
10-22-2010, 09:33 AM
corporate europeans that had to get
a SECOND set of wooden teeth because
of lack of hygene(george washington

Lmao!!!!!!!!!!!

TheBoarzHeadBoy
10-22-2010, 03:37 PM
corporate europeans that had to get
a SECOND set of wooden teeth because
of lack of hygene(george washington

Lmao!!!!!!!!!!!

Yeah, Knowcheese is what I like to call "an IQ under 70."

mikhail213
10-22-2010, 04:10 PM
hes dealing wit gunz and drugz in venezula
he is a fake socialist

stupid is to compare a real revolutanary like CASTRO with chavez

knewcheeze
10-23-2010, 10:34 AM
well....if that is the case

then you been loosing debate after
debate to someone with an IQ
under 70

so what does that make your IQ???

and we still waiting on your Quran verses

knewcheeze
10-23-2010, 10:35 AM
hes dealing wit gunz and drugz in venezula
he is a fake socialist

stupid is to compare a real revolutanary like CASTRO with chavez

could u elaborate on that?????

Nick Fury
10-23-2010, 11:52 AM
chavez is a funny guy

LONDON!
10-27-2010, 05:48 AM
?

hugo chavez is another latino malcolm x too me, he's big

Sense-A
10-28-2010, 06:14 PM
How much do you like Hugo Chavez? Are you ready to move to Venezuela then? ...I didn't think so.

HANZO
10-28-2010, 08:31 PM
he says the right things on TV, he speaks his mind and thats why he gets such high praise from ppl. he is one of the very few world leaders who has the balls to speak the truth. (funnily enough the few who do speak happen to be 'the incredibly evil enemies of America'. )

there are positives and negatives to what he has done with Venezuela. for sure its not the ideal country to be running, tons of oil plus tons of drugs. it could be worse.

for all you know Chavez could be trying his best to implement a true socialist policy, but there could be something else that is causing all the corruption and problems in Venezuela in an attempt to paint a bad image of Chavez. never underestimate the influence of outside forces on a country. especially one in South America, the US has its hand in pretty much everything that goes on in South America, just like it does with the middle east.

PALEFORCE
10-28-2010, 09:59 PM
hugo chavez is a fucking hero. he raised the standards of living not only in Venezuela but the whole south american continent because every leader followed his example. hes doing to america what america did to the british and what americans should be doing to america lol

and when america becomes too unbearable for me to live in , im seriously thinking of escaping to south america

EAGLE EYE
10-29-2010, 01:16 AM
He sent 9 million gallons of free oil during the coldest months of the year a few winters back in my old state. By doing that a bunch of low income families didn't freeze to death in their buildings.

But local politicians still wrote it off as him being a "political santa claus with devious intentions"

Sense-A
11-02-2010, 05:59 PM
Damn you guys are some real cocksuckers.

"Chavez is a (my) hero" -PaleHorse I've been trying to teach you guys not to trust these socialist communist fucks. Be rebellious about what you want, but there are a lot of things about America that make it fucking great whether you ever choose to admit it or not.

Here's the latest bullshit antics by Chavez:


President Hugo Chavez (http://search.bloomberg.com/search?q=Hugo%20Chavez&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1&partialfields=-wnnis:NOAVSYND&lr=-lang_ja) said some of Venezuela’s golf courses should be expropriated and used for other purposes.
“That’s an injustice -- that someone should have the luxury of having I don’t know how many hectares to play golf and drink whiskey and, next door, there’s misery and children dying when there are landslides,” Chavez said during his weekly television show, “Alo, Presidente.”
Dozens of people died in the past month when landslides caused their homes to collapse after heavy rains. Chavez said he will dedicate himself to resolving Venezuela’s housing shortage.
Chavez also called on Venezuelans to actively look for abandoned private land to expropriate.
“Look for irregularities, and by that I mean good land that’s been abandoned,” he said.So there are a few natural disasters in your country. People probably had no fucking insurance (which is required by lending institutions in America and rightfully so....). So since Venezuela is too stupid to require people who owe money on their house to have home insurance, or so it seems, what does the all moronic melon headed Chavez do? He seizes private property and gives it to the people who were unprepared in the threat of a natural disaster. What if, in America, everytime something like Katrina happened, the government just took over STOLE your family's vacation house and gave it to the people with no insurance who lost their house? I wouldn't even buy a fucking vacation house. Here, we have PRIVATE PROPERTY RIGHTS amongst many other rights. In Venezuela you hardly have shit. You can't even rely on the water and electricity working or the fucking fire department ever showing up when you light your couch on fire from smoking too many joints staring at your che Guevara poster.


In Venezuela there is a housing shortage. in America, we have so many fucking houses that there are empty houses on every block rich or poor. And there is enough public housing to go around for every crack baby and unmarried slut with 10 babies and no daddies.


America is beautiful.


Other countries just try to live up to the example.


Remember that.

Communism makes everybody equally POOR. Yes you are equal, but you ARE ALL POOR. At least in America you can work hard and strive for something better. Venezuela isn't quite communist yet but it is on the path towards becoming that way.

PALEFORCE
11-02-2010, 06:59 PM
since chavez was elected the standard of living has risen, especially among the poor. the whole economy had grown and the country is more independent. and because of chavez leadership the whole continent can say the same. look at what is was before chavez

SID
11-02-2010, 08:58 PM
Damn you guys are some real cocksuckers.

I've been trying to teach you guys not to trust these socialist communist fucks. Be rebellious about what you want, but there are a lot of things about America that make it fucking great whether you ever choose to admit it or not.

Here's the latest bullshit antics by Chavez:

So there are a few natural disasters in your country. People probably had no fucking insurance (which is required by lending institutions in America and rightfully so....). So since Venezuela is too stupid to require people who owe money on their house to have home insurance, or so it seems, what does the all moronic melon headed Chavez do? He seizes private property and gives it to the people who were unprepared in the threat of a natural disaster. What if, in America, everytime something like Katrina happened, the government just took over STOLE your family's vacation house and gave it to the people with no insurance who lost their house? I wouldn't even buy a fucking vacation house. Here, we have PRIVATE PROPERTY RIGHTS amongst many other rights. In Venezuela you hardly have shit. You can't even rely on the water and electricity working or the fucking fire department ever showing up when you light your couch on fire from smoking too many joints staring at your che Guevara poster.


In Venezuela there is a housing shortage. in America, we have so many fucking houses that there are empty houses on every block rich or poor. And there is enough public housing to go around for every crack baby and unmarried slut with 10 babies and no daddies.


America is beautiful.


Other countries just try to live up to the example.


Remember that.

Communism makes everybody equally POOR. Yes you are equal, but you ARE ALL POOR. At least in America you can work hard and strive for something better. Venezuela isn't quite communist yet but it is on the path towards becoming that way.

^Narcissistic personality disorder

Nick Fury
11-02-2010, 11:20 PM
ehhh that sensa-a kids a stroke

Sense-A
11-04-2010, 06:05 AM
all your worship and praise of chavez is backed by NOTHING. No economic statistics, no numbers, no GDP, no facts. Just your emotional lust for a communist sloth. Yet here you are, loving it in America living a lifestyle greater than you even deserve. America is so horrible while you're sucking slurpees playing xbox cashing in your unemployment checks. How do you think your lazy sloth ass would be treated in Venezuela? They'd probably shit in their own hands and smear it in your faces because you love Venezuela but Venezuela hates you.

Chavez deserves little to no praise for the economy. Oil is 1/3rd of their entire GDP and accounts for over half of government revenue. That is unsustainable.

In the last 10 years, roughly Chavez's time in power, the real GDP for venezuela had fallen almost every year.

Year, Prices, % Change
1999 -5.97 -2,130.61 %
2000 3.687 -161.76 %
2001 3.394 -7.95 %
2002 -8.856 -360.93 %
2003 -7.755 -12.43 %
2004 18.287 -335.81 %
2005 10.318 -43.58 %
2006 10.347 0.28 %
2007 8.4 -18.82 %
2008 4.82 -42.62 %
2009 -1.999 -141.47 %
http://www.indexmundi.com/venezuela/gdp_real_growth_rate.html

Lol not looking so good so far. Maybe you should do more research than watching youtube videos next time, dumbass. Let's move on...

"The Venezuelan economy, according to the IMF, and repeated by the World Bank yesterday, entered into recession in 2009 -- that's true, and will shrink again in 2010 -- that could be true," Chavez said at a meeting of his Socialist Party. http://www.reuters.com/article/idUSTRE63P05U20100426 Basically, Venezuela is in the world recession too. The prices of oil are down and that is what Venezuela solely relies on.

Chavez blamed the country's problems on a crisis in capitalism. He said another fall in GDP this year was not reason to worry, since it was caused in part by a drop in imports of non-essential items such as new cars.hhaha. blame capitalism and foreigners for your own problems. classic. New cars non-essential whereas here in America you get cash for your fucking clunkers.

You do know that Chavez publicly announced that the Haiti earthquake was caused by a bomb from the USA? LOL talking about off the top baseless conspiratorial accusations! You'd expect it from online internet hippies. But from the leader of a country?

Citing an alleged report from Russia's Northern Fleet, the Venezuelan strongman's state mouthpiece ViVe TV shot out a press release saying the 7.0 magnitude Haiti quake was caused by a U.S. test of an experimental shockwave system that can also create "weather anomalies to cause floods, droughts and hurricanes." http://www.foxnews.com/world/2010/01/21/hugo-chavez-mouthpiece-says-hit-haiti-earthquake-weapon/ Here the GREAT US of A gave billions of dollars of support and manpower to help Haiti and some selfish dictator gets jealous and tries to smear over the whole thing.

And agaIN I'll mention that in VENEZUELA you have no reliable property rights. Your house is MY HOUSE. Trust me, live a few years in Venezuela and you will begin to appreciate your AMERICAN rights for the first time in your attention deficit disordered pathetic lives.


Like all good socialists Venezuela’s Hugo Chavez believes private property is theft, so he wants to steal it back in the people’s name. Chavez remains on an expropriation roll, having gobbled up huge sections of the Venezuelan economy, reportedly $22 billion (http://english.eluniversal.com/2010/08/27/en_ing_esp_give-to-me%21_26A4388211.shtml) in transactions in the past four years. For the powerful and prominent he has offered compensation, drawing on Venezuela’s oil wealth, but for many promises and litigation lead only to misery and despair.
Franklin Brito (http://www.americasquarterly.org/node/1803) was a 49-year agronomist and modest property owner with a grievance against the Venezuelan government who wanted is day in court but became a victim of Kafkaesque frustration (http://english.eluniversal.com/2010/08/31/en_pol_esp_the-case-of-franklin_31A4407859.shtml) and denial of justice.
In December 2009, the hunger-striking Brito was taken into custody and placed in the care of the State. He died August 30th in a Caracas military hospital. The family intends to make the details of his “incarceration” and medical mistreatment known via the Inter-American Human Rights Commission (http://www.cidh.oas.org/DefaultE.htm), which has already issued a comprehensive report on the aggressive destruction of individual rights occurring in Venezuela (http://www.cidh.oas.org/countryrep/Venezuela2009eng/VE09.TOC.eng.htm). http://blog.heritage.org/2010/09/03/hugo-chavez-your-land-is-my-land/ And have you guys not paid attention the last few years as Chavez has been TAKING OVER his country's media outlets? Radio and Tell-lies-vision in Venezuela OWNED by Chavez. Sort of like Tell-Lies-Vision is mostly owned and controlled by liberal media scum here in the USA.




So now the equally incompetent Hugo Chavez of Venezuela, who has driven his country into a severe economic crisis, which in turn has fueled the worst crime wave (http://in.reuters.com/article/idINIndia-49787920100630) in Caracas' history, is feeling his popularity ebb.
There is a serious possibility that his formerly divided opposition is finally uniting to save their country from a slide into a catoonish dictatorship.
Months before the September election that could strip him of control of Venezuela's rubber-stamp parliament, Chavez, like Galtieri, is putting on a big show.
In preparation for this election, Chavez has closed or cowed most of the country's independent broadcast outlets. The owner of the opposition-oriented Globovision television network, Guillermo Zuloaga, has fled to the U.S. and is considering seeking political asylum.
Chavez has stripped the broadcast licenses of scores of radio stations and distributed them to his network of cronies. Print journalism has been intimidated into self-censorship. And the formerly independent judiciary has also been brutalized (http://www.washingtonpost.com/wp-dyn/content/article/2010/04/24/AR2010042401791.html) into compliance with the regime.
In February, Venezuela was the subject of scalding rebuke from the Organization of American States. The Washington Post reported (http://www.washingtonpost.com/wp-dyn/content/article/2010/02/24/AR2010022401884.html):
The human rights branch of the Organization of American States issued a blistering 300-page report Wednesday against Venezuela, saying that the oil-rich country run by President Hugo Chávez constrains free expression, the rights of its citizens to protest and the ability of opposition politicians to function.http://www.huffingtonpost.com/fernando-espuelas/desperate-hugo-chavez-des_b_650139.html damn thats bad when even the huffingtonpost is criticizing socialism. They're some of the most socialist wannabe journalists in America.

Also, if you truly polled most South Americans who live outside of Venezuela, I seriously doubt that you fill discover mass support for Chavez as some of you have claimed. In fact, I believe there is mostly contempt for Chavez and Venezuela. You don't have to agree with me because I am just angrily biased at anyone socialist or remotely communist. But next time, do more research than just listening to Sean Penn's fanaticism of world dictators.

hate me now.

SID
11-04-2010, 06:38 AM
I've done the research you deluded narcissistic imbecile.

I have vensuslean friends who tell me the facts firsthand, not the biased demonising garbage you read.

The fact is he is trying to do the best for His country unlike the last scumbag president of the states.

PALEFORCE
11-04-2010, 05:02 PM
what sid said and chavez gets extra credit for the military coup he originally planned.

and yea im pretty sure the people of venezuela support him considering hes been elected like 13 times in a row and when the establishment tried to overthrow him the soldiers who captured him are the ones who helped him escape...jus sayin

PALEFORCE
11-04-2010, 05:23 PM
ps

Venezuela also paid off the IMF thanks to chavez

Nick Fury
11-04-2010, 09:39 PM
some of the anti Chavez propaganda is hilarious

SID
11-05-2010, 03:18 AM
Just as Bad as the anti cuban propaganda, i cant believe this shit still exists...

Edgar Erebus
11-05-2010, 04:14 AM
ps

Venezuela also paid off the IMF thanks to chavez


^^ this.

And that's why awesome capitalist countries hate the guy, 'cause he doesn't owe them shit anymore.

I noticed that more a country is in debt to IMF, the more friendly relationship it has with the Land of the Free.

RADIOACTIVE MAN
11-05-2010, 08:39 AM
chavez is that dude,let em hate,what I love about him is he is gonna do what he sees fit for his country regardless

Sense-A
11-06-2010, 12:03 PM
Anything or anyone anti-American flies in this forum, including Castro and Hugo Chavez. Supporting wutang is the only thing we might have in common. Otherwise you guys all ride the anti-american-hollywood-bandwagon like simpleton angry rebellious teenagers.

I still challenge you, Sean Penn, Naomi Campbell, Michael Moore and the other Hugo Chavez adorers to leave behind your luscious lifestyles and mansions here in the USA and go move to your socialist paradise in Venezuela. Its cool to hate America, isn't it? I mean, as long as you get to live here and enjoy the wealth of capitalism and the protections of the bill of rights.

Besides raiding private property, Hugo Chavez also likes to raid people's food.

Hugo Chavez Spearheads Raids as Food Prices Skyrocket
Published: Friday, 18 Jun 2010 | 5:18 PM ET

By: Reuters
News Headlines (http://www.cnbc.com/id/37786852)
Mountains of rotting food found at a government warehouse, soaring prices and soldiers raiding wholesalers accused of hoarding: Food supply is the latest battle in President Hugo Chavez's socialist revolution.

Hugo Chavez
Howard Yanes / AP
Venezuelan President Hugo Chavez says government-led raids of food markets will reverse exploitation of the poor, whom he needs for political support.
Venezuelan army soldiers swept through the working class, pro-Chavez neighborhood of Catia in Caracas last week, seizing 120 tons of rice along with coffee and powdered milk that officials said was to be sold above regulated prices.

"The battle for food is a matter of national security," said a red-shirted official from the Food Ministry, resting his arm on a pallet laden with bags of coffee.

It is also the latest issue to divide the Latin American country where Chavez has nationalized a wide swathe of the economy, he says to reverse years of exploitation of the poor.

Chavez supporters are grateful for a network of cheap state-run supermarkets and they say the raids will slow massive inflation.

Critics accuse him of steering the country toward a communist dictatorship and say he is destroying the private sector.

This is what Communists do. They just raid everything. Homes, property, food, the crops in your field and then the GOVERNMENT gets to decide who to hand it out to. What ends up happening is a downward spiral into poverty. Everyone becomes equal. Sure. But the wealth of the country dissipates into government-run poverty. Study the history of ANY communist nation and the pattern is distinct. Sure Chavez giving out free food and free oil and free land sounds cool to your short memory spanned potheads. But in the long run it is bad for the country. Stealing from the working class to give to the unworking class? Not good. People who work hard deserve more than people who don't work. Sorry but that's the beauty of capitalism.

So far all anyone has done is call me names and say lustful things about Chavez. Still no facts, statistics, nothing to indicate that Hugo Chavez is benefiting Venezuela except a few thumbs up from Palehorse's anonymous Venezuelan amigos.

Every move that Chavez has made has weekened the Venezuelan currency - the Bolivar. He has set two different exchange rates for his government and the private market brokerages. Venezuela must pay MORE for foreign goods because they must buy them with bolivars instead of exchanging currencies for dollars which would get them more for their money. It's all part of Hugo's poverty scheme. The Bolivar is going down the fucking toilet and Chavez has his dirty hands on the printing press lever, printing more and more bolivars to cover up his failing economy. You can argue that the United States Treasury has taken similar measures to devalue the dollar, but international exchange rates tell otherwise. The US Dollar has recovered strongly since 2008 (despite obama/geithner/bernanke), yet the bolivar is still in the shitter. Another loss for Chavez and his pea-brain leadership.


President Hugo Chavez is tightening regulation of the financial industry after blaming currency speculators for weakening the bolivar in the unregulated market this year and a surge in consumer prices. Chavez said yesterday that brokerages are unnecessary in a socialist state and “private capitalists” still control the majority of economic power in the country.
Bolivar Plunged
The government moved to dismantle the parallel currency market after the bolivar plunged 26 percent this year to a record low of 8.2 per dollar on May 11. Chavez devalued the bolivar on Jan. 8 and created a multi-tiered exchange system in a bid to slow capital flight and to close a budget deficit.
Chavez blamed the private sector for accelerating inflation that quickened the most in seven years in April, rising 5.2 percent from March. Venezuela, which has the highest inflation rate of 78 countries tracked by Bloomberg, may see 40 percent inflation this year, according to RBS Securities Inc.
The central bank will now oversee the buying and selling of dollar-denominated securities within a trading band to substitute the previous parallel market operated by brokerages.
Venezuelan companies depended on the parallel market when they couldn’t get government approval to buy dollars at the official rates of 2.6 and 4.3 per dollar. Trading has been closed in the market since May 13 and the central bank may inaugurate the new system next week, bank director Armando Leon told Globovision yesterday.
Chavez said late yesterday that his government will increase pressure on private banks operating in the country and that brokerages aren’t necessary in a socialist country.
Chavez said last night that with volatile international markets, Venezuela is stable after government action. http://www.businessweek.com/news/2010-05-28/venezuela-to-ban-brokerages-from-bolivar-debt-sales-update2-.html


Did you read that? "capital flight." The people who actually run businesses, produce agriculture, and create jobs are LEAVING Venezuela. The only people who stay are the people who don't work and love the free handouts of stuff that Hugo stole from the working class to give to the poor. What if, in America, we just STOLE from everyone making above $50,000 and gave it to all the able-bodied people who are too lazy to work or think that they are too GOOD for the jobs that are available? The people who actually work would leave the country and the lazy poor people who depend on other people their whole lives would stay in a dysfunctional unsustainable country. Communism doesn't work and its sad you guys won't ever realize that until you've exhausted every attempt to turn America (still the most prosperous country in the entire world, no thanks to you) into a communist state.

After Chavez devalued his own currency, he made it illegal to raise prices on anything!! LOL what a ripoff!!! So if I am a business man and i sell widgets for $1.00 each and then my dictator president devalues the currency so that $1 is only worth 50 cents, I still must sell widgets for $1 even though the $1 is only 50cents now. What a joke. Socialist Venezuela, where Hugo Chavez TELLS YOU HOW MUCH TO SELL YOUR STUFF FOR! Price control on domestic goods. How can you support something like that? How is that representative of FREEDOM to you?

By keeping a subsidized dollar rate for importing food, medicine and essential items, Chavez removes any incentive for Venezuelans to produce what they need most. It will almost certainly remain cheaper to import beef from Brazil, for example, than to produce it, because Chavez is subsidizing the exchange rates for imports.

For example, during Hugo Chávez’s presidential period, we can see that since 1999 inflation has reached substantial levels. 11 years ago this rate was 20%, then in 2000 it was 13.40%; in 2001, 12.30%; in 2002, 31.20%; in 2003, 27.10%; in 2004, 19.19%; in 2005, 14.36%; in 2006, 17%; in 2007, 22.50%; in 2008 it reached 30.90% and by the end of 2009 it was 25.10%.
It is worth mentioning that compared to other Latin American countries Venezuela is amongst those with the highest inflation rate.

The three nations with the highest rate of inflation as of May 2010 are Venezuela, 31.2%; followed by Argentina (10.7%) and Uruguay (7.1%). http://www.money-marketuk.com/index.php?option=com_content&view=article&id=1077:-venezuela-seeks-ways-to-maintain-a-stable-market&catid=72:consumer&Itemid=320


Awww but this contradicts how wonderful some of you claim that the Venezuelan economy is doing. Pretty soon a square sheet of my toilet paper is going to be worth more than a Bolivar.



Venezuela holds the somewhat dubious honour of having the highest inflation rate in Latin America and, according to several economists, there is no end to this trend in sight within the near future; yet the government is optimistic and believes that it will fall to single figures.

Whenever a country holds one of the highest inflation rates in the world, alarms must be raised for both the government - the public policy maker - and the entrepreneurs, who manufacture or import the consumables to meet the demand; but most of all for the consumer, who at the end of the day is hit the hardest by the increase in prices. http://www.money-marketuk.com/index.php?option=com_content&view=article&id=1077:-venezuela-seeks-ways-to-maintain-a-stable-market&catid=72:consumer&Itemid=320


Okay okay enough about Venezuela's failing economy. Let's go back to analyzing what a FREEEEEEeeeee country it is. Would you enjoy all the glorious freedoms you have in the USA if you were to move Venezuela?!? Let's go to http://en.wikipedia.org/wiki/List_of_indices_of_freedom and use four different indices of freedom to assess Venezuela and compare it to other world countries...


Freedom House rates it as a "partly free" country. This is the moderate rating for Freedom House. Other South American countries such as Chile, Argentina and Brazil are rated as FREE and of course America is FREE as well. Next index: Press Freedom. Oh yes the wonderful freedom of the press. The freedom to criticize George W Bush and criticize Barack Obama and not be imprisoned and lashed for it. Let's look at Venezuela now...They have the second worst rating. What did you expect when I already explained to you that Hugo Chavez has already seized all media outlets in the country? Okay next: Economic Freedom - Venezuela has the worst possible rating "repressed" lol. What do you expect when the Chavez is inflating the currency and fixing prices that you are allowed to sell your own goods for? And finally: Democracy rating. How much say to you have in government leadership, voting, etc.? Venezuela has the second worst rating as a "hybrid Regime" meaning that they still have elections but the elections really don't mean shit when Hugo Chavez' best friend is counting the votes.


Anyone want to provide some evidence that actually shows positive results of Hugo Chavez' pathetic leadership? Something other than "chavez is my hero" ? I didn't think so. Most of you guys don't even cite sources in this forum. Cue here for people to call me names. When you lose a debate and have no facts and only personal feelings, just resort to cheap attacks, call me a capitalist pig, call me a racist, do SOMETHING!! It's what American liberals do and it works for them...

Sense-A
11-06-2010, 01:25 PM
As of 2/15/2009 Chavez is president for life. And he is fairly young. he should have enough time to run Venezuela deeper into shit than Castro was able to do Cuba.

Socialists failed in Honduras. Chavez was trying to help Zelaya become a socialist tyrant. It turns out the people of Honduras are smarter than the people of Venezuela.

I think that Thomas Friedman's laws on petropolitics are relevant in this topic.


Friedman’s proposed law suggests that there is a negative correlation between the “price of oil and pace of freedom,” which “always move in opposite directions in oil-rich petrolist states.” In his framework, the “pace of freedom” means the development of the elements of a democratic government, such as free speech, free press, free and fair elections, an independent judiciary, independent political parties, and general rule of law.2 (http://www.globalization101.org/index.php?file=issue&pass1=subs&id=356#2)
The law of petropolitics seems logical for a number of reasons. As the price of oil rises and money floods into state treasuries, petrolist governments gain the upper hand in their relations with the international community. They are less dependent on maintaining positive diplomatic and trade relationships with other countries because other countries desperately need the natural resources they can provide.3 (http://www.globalization101.org/index.php?file=issue&pass1=subs&id=356#3) Free from such pressures, they can do what they please in the domestic sphere.
The historical record seems to provide strong evidence for Friedman’s law: Suddenly, regimes such as those in Iran, Nigeria, Russia, and Venezuela are retreating from what once seemed like an unstoppable process of democratization, with elected autocrats in each country using their sudden oil windfalls to ensconce themselves in power, buy up opponents and supporters, and extend their state’s chokehold into the private sector. 4 (http://www.globalization101.org/index.php?file=issue&pass1=subs&id=356#4)
The aggressive behavior of petrolist governments is in evidence in all of these countries. In Russia, former president Vladimir Putin renationalized the oil and natural gas sectors, attempted to crack down on the operations of foreign NGOs, exerted control over national media outlets, and otherwise undermined the independence of large segments of the Russian private sector. In Nigeria, the president was accused of using oil dollars to bribe legislators into amending the constitution to grant him a third term in office. Many such worrying developments could be cited. Friedman and others consider this trend a mounting threat to global stability.5 (http://www.globalization101.org/index.php?file=issue&pass1=subs&id=356#5)

On the other hand, in the oil-rich Middle East region, some resource poor states, such as Bahrain, have made great strides toward democratic government. Bahrain was the first state in the Persian Gulf to hold free and fair elections in which women were allowed to vote. It was also the first state in the region to reform its labor laws in accordance with international standards and to sign a free trade agreement with the United States. It was forced to do these things, in Friedman’s opinion, because its oil supplies are already near exhaustion.6 (http://www.globalization101.org/index.php?file=issue&pass1=subs&id=356#6)
http://www.globalization101.org/index.php?file=issue&pass1=subs&id=356and...

In addition to spending large amounts of money lulling people into a comfortable submission with welfare programs, petrolist governments can also take a more sinister approach by actively repressing the development of civil society. Oil money gives the state the freedom to “spend excessively on police, internal security, and intelligence forces that can be used to choke democratic movements.”3 (http://www.globalization101.org/issue_sub/energy/energyappendies/freedom_petrolist_states#3) Civil society is fragile enough in most petrol states. This kind of government activity can prevent a real civil society from ever developing or challenging the state’s power. http://www.globalization101.org/issue_sub/energy/energyappendies/freedom_petrolist_states

Sounds exactly like what is happening in Venezuela. But Chavez called GWB the devil so I LOVE HIM!! That's about as deep as most socialist liberals' minds can delve into the issue.

Also I want to mention a few other important facts. Here in America there are separation of the powers of Federal, state, and local municipality. A sort of checks and balances. In Venezuela? No of course not. Chavez is your president, your state governor, and your city mayor all in one. Oh yeah and he doesn't serve terms anymore. President for life. A dictator of course... How successful and free have dictatorships been in the history of civilization? Did you sleep through history class for 12 years?

How is Hugo Chavez nationalizing his country's oil sector much different that Marxist Obama trying to nationalize the healthcare sector of the American economy? Marxism fails everytime folks. Name one country where Marxism worked.....zzzzzzzzzzzz Don't waste too much time thinking on that one, there isn't one.

Getting food in Venezuela is getting harder and harder:

The annual rate of food inflation slowed to 39.5% in August. http://en.mercopress.com/2010/09/10/venezuela-food-prices-drop-in-august-ahead-of-crucial-congressional-election

slowed to 39.5% ? LOL! What was it before then? 50%? have fun eating imported rice. Venezuela imports most of its food. Guess what they use to import food? They can hardly find anyone that will sell them food for BOLIVARS! lol They have to use those evil AMERICAN US DOLLARS! hahaha

And in some old news, Venezuela tried to nationalize the oil rigs in their country. Now they are over 33% less efficient. hahah see folks, that is a lesson. Private companies operate more efficiently than big behemoth public companies.

PDVSA's annual plan for 2007 set a target for 191 active oil rigs to produce a projected 3.3 million barrels per day of crude oil. However, Vierma told the National Assembly that only 112 oil rigs (33 of which belong directly to PDVSA), are currently operational and it is estimated that only 120 will be up and running by the end of the year, a deficit of 36%.

PDVSA is the nationalized oil company in Venezuela.

PDVSA accounts for about half of government revenues and three quarters of export revenues and has been the backbone for funding the Chavez government's social programs.

Half your government revenue comes from one inefficiently run oil company in your country? Talking about putting all your eggs in one basket!!

I'm tired of destroying your wet dream fantasies of Hugo Chavez. This isn't even a debate. I feel like I'm lecturing juvenile delinquent 4th graders.

Nick Fury
11-06-2010, 03:07 PM
lol its like someone took a hot steamy crap inside this guys brain

drippie k
11-06-2010, 05:50 PM
he's kind of an asshole from what i've seen..he's got a big "don't give a fuck" attitude which is good to have sometimes but he does that ALL the time, even in his own country, he tries to run everything his own way even if that's not what his people want...he thinks he's the shit there but a lot of people are just scared not to vote for him

my favorite hugo chavez moment was when he was talkin shit about spain's former prime minister while it's current PM was talking and the king of spain leans forward, looks at him goes "why don't you just shut up?" hahaha
X3Kzbo7tNLg

Robert
11-07-2010, 01:23 AM
Chavez has his pros and cons. I've outlined what I think. To really understand, you need to go to South America and see what it's like.

For all the good things Chavez has done, I think he has done some equally bad things although he is faced with an impossible situation in his country. The fact is, his country is the most dangerous place in South America, and certainly one of the most currupt. These things have happened under his watch and I don't really buy the arguement that they are the result of outside influences, just from my discussions with local people.

"and when america becomes too unbearable for me to live in , im seriously thinking of escaping to south america"

What you need to understand is South Americans in general, hate Americans. I met a lot of ex-pats living across the continent, and they had all had mixed experiences with the people.

Ecuador or Peru would be great places to live, but you have to keep in mind these places are developing countries and not everything is as peachy as it might seem from the outside. I would love to go back and live in Ecuador for some time, but I'm aware that it would certainly not be a walk in the park.

SL33
11-07-2010, 12:24 PM
ps

Venezuela also paid off the IMF thanks to chavez




very true.

Venezuela is an independent country, thanks to chavez.

Sense-A
12-04-2010, 05:14 AM
http://blogs.e-rockford.com/applesauce/files/2010/11/liberal_crap.jpg

The IMF isn't some secret illuminati group of people that rule the world. It is an organization with members from 187 countries. Each country gets to elect its own governor. Ours is Geithner right now with Bernanke as a backup i believe. Each country is also assigned voting power.

Here are the members:http://www.imf.org/external/np/sec/memdir/members.htm

Here is the Articles of their Agreement http://www.imf.org/external/pubs/ft/aa/index.htm

The IMF has a lot of authority when it comes to establishing exchange rates between countries. Now the reason Chavez is so pussy and backed out is because Bolivia had a shitty exchange rate because no one wants a fucking Bolivar. I am not going to trade my DOLLARS for Bolivars and I challenge you to go to the bank and request to have all your dollars traded in for Bolivars. Chavez ran his country's economy into the hole and I could go down there and buy a huge house for $20,000 that I'd have to pay $200,000 for in the USA. The dollar buys lots of bolivars.

type in "exchange rate bolivar" in a search

What do you see?

1bolivar = 0.0005 US Dollars !!! That's laughable. Pathetic.

People trust that the USA economy, as bad as it is, is still the best one in the world. So they trust our government backed dollars. Our currency is more reliable than any other currency in the world. People know that Dictator Chavez could be overthrown as soon as the oil resevoir runs dry so the bolivar could collapse at any minute and become fucking worthless.

This doesn't mean that the IMF is evil or that Venezuela is any more FREE than the USA. They are not free at all. I already explained the lack of freedom of the press and the lack of sufficient property rights. What can I say though? Keep idolizing your Chavez poster in your bedroom.

Latest news:



Seeking cash, Chavez looks to sell Citgo

http://i1img.com/images/email_this_page_sm.gifEmail this Story

Nov 28, 10:24 AM (ET)

By CHRISTOPHER TOOTHAKER

ACAS, Venezuela (AP) - President Hugo Chavez is promising to build new public housing complexes, boost social programs and renovate the long-neglected Caracas subway - and he needs money.


The ambitious plans will squeeze Venezuela's coffers at a time when oil earnings have slipped and Chavez is sending his foreign allies generous amounts of crude on credit. So he has raised a possibility that once seemed remote: selling off Venezuela's U.S.-based oil company, Citgo Petroleum Corp.


For Chavez, it's an idea driven both by hard-money realities and by politics.
Getting rid of the company and its refineries in the U.S. would give Chavez billions of dollars for domestic spending as approaches his 2012 re-election bid and seeks to remedy problems including an acute shortage of affordable housing. A sale would also fit with the leftist leader's interest in distancing Venezuela from the U.S. while building stronger ties with allies such as Russia, China and Iran.
Citgo has delivered oil to Venezuela's No. 1 client for two decades, but judging by Chavez's complaints about Citgo not turning a profit, he seems more than ready to sell it, if a buyer can be found.
"Citgo is a bad business, and we haven't been able to get out of it," Chavez said in a televised speech late last month. He ordered his oil minister, Rafael Ramirez, to look at options for selling off the state oil company's assets in the United States.
Chavez says the Houston-based company could be worth at least $10 billion, but analysts say it would likely fetch much less - perhaps half that - and it might be hard to find a buyer in a difficult economic climate.
The government's budget next year - not counting the additional spending often approved by Chavez's congressional allies - is the equivalent of $47.5 billion, making the possible sale of Citgo a potential shot in the arm for the president's efforts to shore up support.
Critics say that selling Citgo could endanger Venezuela's long-term business interests since oil is the lifeblood of the economy and much of the earnings come from the U.S. Chavez, meanwhile, has increasingly sold oil elsewhere under less profitable deals aimed at winning friends abroad.
"It's hard for rational observers to understand that (Chavez) would take oil away from U.S. clients that pay cash for Venezuelan oil, in order to supply countries that consider Venezuelan oil almost as a right or as a political gift," said Gustavo Coronel, an energy consultant and former executive of state oil company Petroleos de Venezuela SA (PDVSA). "However, Chavez is no longer driven by economics but by ideology."
If Chavez were to go ahead with a sale, Venezuela would likely seek to negotiate a supply contract to keep selling crude to U.S. refineries.
Even so, Venezuela's oil exports to the U.S. have been declining while Chavez has sought to diversify the country's markets, shipping more crude under preferential deals to allies including Belarus, Cuba and other Caribbean islands. Some buyers are granted low-interest loans, decreasing upfront revenue.
Oil shipments to the U.S. declined from 49 million barrels in February 1999, when Chavez took office, to 31.9 million barrels during the same month last year.
Venezuela's overall oil output has also been declining due to lower OPEC quotas and - experts say - inadequate maintenance at some oil fields. While Venezuela says it produces about 3 million barrels of oil a day, the U.S. Energy Information Administration estimates 2.2 million barrels a day in 2009, down about 190,000 barrels from 2008.
Coronel said that when Venezuela bought Citgo, it was a good deal. PDVSA purchased 50 percent of the company in 1986 from Southland Corp. for $290 million as part of a drive to have its own refineries and other facilities in its key markets, the U.S. and Europe. The state oil company purchased the remaining 50 percent of Southland's shares in Citgo in 1990 for $675 million.
Since then, Citgo has grown. It now operates three refineries in Texas, Louisiana and Illinois, and sells fuel through thousands of gas stations. Citgo has been used by Chavez to distribute discounted heating oil to poor American families in a high-profile program aimed at criticizing Washington's approach to the needy.
Another motive for selling Citgo could be to reduce Venezuela's exposure to U.S. court suits over Chavez's expropriations of U.S. company assets.
U.S.-based Exxon Mobil Corp. has sought international arbitration to claim billions of dollars in compensation after it refused to accept the government's terms for a 2007 nationalization of an oil project in which it had invested heavily.
Citgo, for its part, took a $201 million loss last year, and issued $3.5 billion in bonds this year as its profits plummeted. Profits were battered by lower world prices and a declining flow of heavy, sulfur-laden crude.
"I don't think there would be much interest now" in buying Citgo, said Lou Pugliaresi, president of the Energy Policy Research Foundation, a Washington-based think tank. "But Chavez might find a buyer at the right price."
None has publicly stepped forward yet. Exxon and other major U.S. refiners such as Chevron Corp. and ConocoPhillips (COP (http://research.scottrade.com/public/stocks/snapshot/snapshot.asp?id=1&symbol=COP)) might end up being interested in Citgo or some of its assets, said Guaicaipuro Lameda, a former PDVSA president and government critic.
"It has the potential to be a good business if it's well managed," Lameda said. "But it's not being well managed, and that's causing problems." http://apnews.myway.com//article/20101128/D9JP78EO0.html

Citgo is not a bad business. Chavez is an idiot and is getting desperate for money. He is using oil to buy things from foreign countries that he still needs. I already explained how Venezuela doesn't produce enough of its own food and how it depends on the world economy whether Chavez likes it or not. All he did by quitting the IMF is give up his voting rights, sort of like you do when you don't participate in elections because you have a bad attitude that your vote doesn't make a difference.

Sense-A
12-04-2010, 05:42 AM
This article is a bit dated but it is well written and predicted the drop in the price of oil and the (now current) decline of the Venezuelan economy. A country with all its eggs in one basket.


Venezuela's deficient self-esteem also explains Chavez's quest for global status. In today's supposedly unipolar world, this means opposition to the United States and all its works. But since anti-Americanism (or anti-Bushism, or both) is a widespread, indeed almost universal phenomenon, Chavez is forced into some exaggerated feints to pull to the head of the pack. His trips to Iran and Syria are a case in point; if the United States were mainly concerned at this point with Mali or New Caledonia his itinerary clearly would have been Bamako and Noumea instead of Tehran and Damascus. To be sure, not all of these journeys have proven to be ideologically productive; in the case of Vietnam, for example, his hosts -- who now enjoy an embarrassingly good relationship with the United States -- deftly deflected Chavez's plans during a recent stay to visit a museum which harbors relics of U.S. bombing raids or a "peace village" which looks after children with health problems blamed on defoliating chemicals used in the war. His quest for a seat on the UN Security Council was conducted so gracelessly as to cost him the support of Chile, the holder of the outgoing Latin American seat. His efforts to buy political influence in Peru have led that country's president to publicly call him "a midget dictator with a fat wallet."
Although Chavez styles himself a revolutionary, there is very little new in his approach to the use of oil money to buy political support (or for that matter, influence abroad). Boom-and-spend populism has been the favoured recipe of every Venezuelan government in recent times; the only reason that Chavez came to power at all is that oil prices plunged in the early 1980s and did not recover until the very end of the next decade. And while the traditional political class had admittedly grown increasingly corrupt and out of touch over the last quarter-century, it was not the mediocre quality of its stewardship which led to its downfall. As Moises Naim, a Venezuelan and editor of Foreign Policy magazine, points in a little book published more than a decade ago, "for more than 30 years, Venezuela spent 10% to 14% of its total GDP on so-called social programs." It spent three times more per capita in 1985 than Chile, Jamaica or Panama. "But," he adds, "Venezuela's infant mortality was 20% higher than Jamaica's, 80% higher than Chile's and 30% higher than Panama's." As long as oil prices held firm, however, nobody seemed to think this was a problem.
In spite of Chavez's claims to be vigorously addressing his country's need for better health and education, he is simply repeating many of the errors of his predecessors, this time on an incomparably larger financial scale. The social indicators are already beginning to confirm as much. As Francisco Rodriguez recently pointed out in an article in the Guardian, after six years of a new oil boom and allegedly unprecedented deployment of medical services under Chavez, the percentage of underweight and under height babies has actually increased. Moreover, a careful examination of the government budget reveals that --once you take out social security, which benefits mainly the middle and upper classes, who work in the formal sector -- the fraction of social spending as a whole has actually decreased. Despite the government's claims of having eradicated illiteracy, its own surveys, Rodriguez writes, revealed the country "at the close of 2005 barely down from pre-Chavez levels." Meanwhile, Transparency International ranks Venezuela the second most corrupt country in the world after Haiti. This last statistic bodes particularly ill for the future in light of the government's grandiose plans to spend untold billions to construct a gas line all the way down South America.
Perhaps the greatest paradox of all is that in spite of Hugo Chavez's incendiary rhetoric against Washington, the United States remains Venezuela's most important single customer. To be sure, the dependency runs in both directions. At present Venezuela provides its powerful northern neighbor with fully 14% of its imported oil. This undoubtedly restrains American policymakers from responding more energetically to Chavez's deliberate provocations.
That is just as well. Like all Venezuelan governments that have preceded him, Chavez's future is mortgaged to perpetually high prices of his primary export. But unless the law of markets is miraculously repealed, at some point in the future oil prices will drop. When that happens Venezuela's strongman will stand revealed as having systematically squandered the nation's largest oil boom in 30 years, bequeathing a social balance as deficient (or perhaps even more deficient) than when he assumed office. What Venezuelans decide to do after that is their problem. http://www.canada.com/story_print.html?id=e64c109c-f4d4-40e7-82a1-2f4ac3af3732&sponsor=


When oil prices are $4.00 a gallon, a monkey could successfully run Venezuela. But when the oil price drops to $2.50/gallon the shit starts flying out of the fan.