Feb 05

Hyperinflating Venezuela Used 36 Boeing 747 Cargo Planes To Deliver Its Worthless Bank Notes:

The weeks ago, when we showed “What The Death Of A Nation Looks Like: Venezuela Prepares For 720% Hyperinflation“, we said that after looking at a chart of Venezuela’s upcoming hyperinflation…

venezuela inflation_0

…  a hyperinflation in which the soaring stock market has failed to keep pace with the collapsing currency, thereby mocking all erroneous thought experiments that under hyperinflation being long the stock market is a sure hedge to currency destruction…

Venezuela caracas stock exchange adjusted

… we joked that it is unclear just where the country will find all the paper banknotes it needs for all its new currency. Continue reading »

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Jan 22

Venezuela Hits “Point of No Return” – 2016 Bankruptcy Is “Difficult To Avoid” According To Barclays


This Is What The Death Of A Nation Looks Like: Venezuela Prepares For 720% Hyperinflation:

For citizens of Nicolas Maduro’s socialist paradise the news is terrible, and getting worse with every passing day.

Yesterday, we reported that one year after our November 2014 forecast, Barclays has decided that Venezuela is now past the “point of no return”, and a bankruptcy in 2016 will be “difficult to avoid.” But while some may have thought that this dramatic impact, while welcome by the rest of OPEC and oil bulls around the globe, would only impact the government, the reality is that this latest hit means a total disintegration of the economy and will take the country’s already staggering hyperinflation to previously unprecedented levels. Continue reading »

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Jan 19

venezuela-maduro

Venezuela declares ‘economic emergency’ amid currency woes:

Venezuela’s socialist government decreed an “economic emergency” on Friday that will expand its powers and published the first data in a year that shows the depth of a recession fueled by low oil prices and a sputtering state-led model.

The central bank, which has been lambasted by critics of President Nicolas Maduro’s government for hiding statistics since the end of 2014, said the South American OPEC nation’s economy shrank 4.5 percent in the first nine months last year.

Inflation soared in that period to an annual rate of 141.5 percent, the world’s worst.

Continue reading »

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Jan 01

Venezuela Bans GM Crops with New Seed Law:

Venezuela’s seed law has the backing of campesinos and rural families and will regulate the production of hybrid seeds in Venezuela and prevent the research, production, importation and distribution of GMO seeds.

venezuela-GMO

Source: www.telesurtv.net/

Venezuelan lawmakers approved last Wednesday a new law that will impose stricter regulations on hybrid seeds and ban transgenic seed research. Continue reading »

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Dec 26

Venezuela

“Christmas Is Dead” Hyperinflated Venezuelans Face Holiday Without Lights, Food, & Hope:

In 2013, Maduro’s first year in office, the government released a Christmas carol praising the Socialist utopia’s dictator. Last year, Maduro debuted a “socialist Barbie” that almost bankrupted stores forced to sell it after the government forced the price down to a tenth of its value. And this year, as AFP reports, “Christmas is dead, there is not enough money,” according to one resident, noting there is no Christmas decor anywhere and people do not have enough money to buy presents. Some cannot even afford the basic goods needed to put together a traditional feast of roast pork and assorted sides. Continue reading »

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Dec 13

venezuela

What next for Venezuela?

The US Covert War on Venezuela in 2015 – Diary: Feb 11

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Dec 09

maduro TP_0

Venezuela president says 2015 inflation near 100 percent, economy to shrink 4 percent:

Venezuela’s annual inflation rate is near 100 percent and the economy will likely contract around 4 percent this year, said President Nicolas Maduro, in a rare mention of data detailing the OPEC nation’s economic woes.

The central bank has not published inflation or GDP figures for this year, as the state-led economy unravels.

Many economists believe consumer prices are rising much faster than 100 percent, and the International Monetary Fund recently estimated that the economy will contract 10 percent this year. Continue reading »

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Nov 12

Hmmh.


Maduro Nephews Arrested After Attempting To Smuggle 800 Kilos Of Cocaine Into The US:

For those unaware, Venezuela is one of the quintessential examples of what we like to call a Socialist paradise and to be sure, we’ve had our fair share at the country’s expense.

From toilet paper shortages, to images of empty shelves, to hapless President Nicolas Maduro being pelted in the head with a mango by an angry Venezuelan woman, the country never disappoints when it comes to producing absurd outcomes. Years of incompetence have led to inflation on a massive scale, with the black market bolivar exchange rate now so low that a hundred bolivar note will buy you just 14 cents. Needless to say, slumping crude prices haven’t done the country any favors either and as we outlined a few days back, the country has now resorted to selling its gold to make bond payments.  Continue reading »

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Nov 09

Venezuela Default Countdown Begins: After Selling Billions In Gold, Caracas Raids $467 Million In IMF Reserves:

In late October, when describing Venezuela’s desperate steps to keep itself afloat for a few more months, we reported that in order to fund $3.5 billion bond payments in early November, Maduro’s government had engaged in something that is the very definition of insanity: selling the country’s sovereign (and pateiently repatriated by his deceased predecessor) gold to repay creditors.

Specifically, in the past several months, Caracas has quietly parted with 19% of its gold holdings: “Central bank financial statements posted this week on its website show monetary gold totaled 91.41 billion bolivars in January and 74.14 billion bolivars in May.  At the strongest official exchange rate of 6.3 bolivars per U.S. dollar, which the bank uses for its financial statements, that decline would be equivalent to $2.74 billion.” Continue reading »

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Oct 29

Venezuela Sells Billions In Gold To Repay Its Debt:

Just under a year ago in the aftermath of the “OPEC Thanksgiving Massacre” of 2014 which sent oil crashing when Saudi Arabia effectively ended the oil cartel, we predicted that Venezuela (with its CDS trading at 2300 bps back then) would become the first casualty of the “crude carnage.” Since then not only has Venezuela, which relies on crude oil for 95% of its export revenue, suffered a dramatic episode of hyperinflation (which is only accelerating) coupled with total economic collapse, but its CDS has, as expected, blown out to reflect a default of probability at 96% over the next five years as shown below.

20151029_VENZ

Yet while everyone promptly jumped on the “Venezuela will default bandwagon” it has so far avoided bankruptcy.

How can this country with a massive debt load and a paralyzed economy have avoided default so far? Continue reading »

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Oct 10

Venezuela-guns1

Here’s What Happened When Venezuela Imposed Gun Control Laws:

I just got back from Caracas, Venezuela, a city so dangerous that every time I left my hotel, the staff would warn me against even going outside.

It’s an incredibly difficult reality to reconcile. People hate the fact that they may get robbed or killed just steps from their front door when they leave the house every morning.

And nobody wants that.

After all, everyone wants to be safe. Even wild animals seek out safety in nature.

A few years ago, in response to national outcry, the government of Venezuela took steps to fix this problem. Continue reading »

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Oct 08

Venezuelan-bolivar

Venezuela Is Now The Most Expensive Country In The World:

Forget Norway. Japan. Iceland. Switzerland. Or any of the other places around the world that are notorious for being painful on the wallet.

Venezuela is now the most expensive country in the world, hands down.

To give you an idea, the cost of a 15-minute taxi ride to the beach yesterday afternoon totaled an eye-popping $158.

(I paid less than that to rent a helicopter in Colombia last week.)

With all of its vast mineral resources, Venezuela should be the most prosperous country in Latin America by far. And it once was. Continue reading »

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Oct 07

Venezuela isn’t looking too hot: 

If anarcho-capitalists should move to Somalia, then socialists – especially, “social democrats” — should move to Venezuela. The country is a complete disaster. But don’t take my word for it, read what a Caracas homemaker said after she tried to buy three cans of sardines and was ordered to put one back due to food rationing: “This is a disaster.”

Food shortages, rising prices, inflation, corrupted incentives, and rampant crime are all symptoms of a primordial problem: socialism. Just because the Socialist Party was democratically elected does not mean that the economic calculation problem has been solved. It’s as if the gods needed one more example to shove down the throats of Western leftists. Economic chaos, food rationing and a complete break down of the social order aren’t lessons of a misguided dictatorship of the proletariat, but a fundamental reality of socialism, whether democratic or not. Continue reading »

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Sep 23

H/t reader squodgy:

“Fabulous Aircraft.”


Venezuela Buying SU-30s, Helicopters, etc. From Russia

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Aug 31

Coming to a country near you, much faster than most people think.

Flashback:

This Is What Crisis Feels Like: Basic Services Still Functioned, No One Had To Really Worry About Food Or Water … Then It All Changed … Literally Within A Day!

There will be hunger in Europe and in the U.S., especially after the financial/economic collapse.


venezuela-hunger

80 Year Old Woman Trampled To Death In Venezuela Supermarket Stampede (ZeroHedge, Aug 30, 2015):

With 30% of Venzuelans eating two or fewer meals per day, social unrest is mounting rapidly in President Nicolas Maduro’s socialist utopia. As WSJ reports,soldiers have now been deployed to stem rampant food smuggling and price speculation, which Maduro blames for triple-digit inflation and scarcity. “Due to the shortage of food… the desperation is enormous,” local opposition politician Andres Camejo said, and nowhere is that more evident than the trampling death of an 80-year-old woman outside a state-subsidized supermarket.

As Reuters reports,

An 80-year-old Venezuelan woman died, possibly from trampling, in a scrum outside a state supermarket selling subsidized goods, the opposition and media said on Friday.

The melee at the store in Sabaneta, the birthplace of former Venezuelan leader Hugo Chavez, was the latest such incident in the South American nation where economic hardship and food shortages are creating long queues and scuffles.

The opposition Democratic Unity coalition said Maria Aguirre died and another 75 people were injured – including five security officials – in chaotic scenes when National Guard troops sought to control a 5,000-strong crowd with teargas.

“Due to the shortage of food … the desperation is enormous,” local opposition politician Andres Camejo said, according to the coalition’s website. It published a photo of an elderly woman’s body lying inert on a concrete floor.

Camejo said thieves had also attacked the crowd, members of which were seeking to buy cheap food on offer at an outlet of the state’s Mercal supermarket chain in Barinas state.

venezuela-empty-shelves

El Universal newspaper reported that Aguirre was knocked to the ground during jostling in the crowd, while the pro-opposition El Nacional said she was crushed in a stampede.

Another person was killed and dozens detained following looting of supermarkets in Venezuela’s southeastern city of Ciudad Guayana earlier this month.

President Nicolas Maduro accuses opponents of deliberately stirring up trouble, exaggerating incidents, and sabotaging the economy to try and bring down his socialist government.

Critics, though, say incidents of unrest are symptoms of the increasing hardships Venezuela’s 29 million people are facing due to a failed state-led economic model. Low oil prices are exacerbating economic tensions in the OPEC nation.

Venezuelans protest the starvatiion with signs saying ‘hunger’…

venezuela-hunger

Shoppers are finger-printed when buying government-controlled foods…

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“What’s certain is that we are going very hungry here and the children are suffering a lot,” said María Palma, a 55-year-old grandmother who on a recent blistering hot day had been standing in line at the grocery store since 3 a.m. before walking away empty-handed at midday.

In a national survey, as WSJ reports, the pollster Consultores 21 found 30% of Venezuelans eating two or fewer meals a day during the second quarter of this year, up from 20% in the first quarter.

Around 70% of people in the study also said they had stopped buying some basic food item because it had become unavailable or too expensive.

As The Mises Institute’s Carmen Elena Dorobat details,

Millions, Billions, Trillions: The Disaster of Socialism, Once Again

Venezuela’s nearly full-blown socialism is making the news once again. For approximately two years now, the country’s economic crisis has been rapidly unfolding: rising prices, fuelled by increased scarcity of goods and a depreciating currency, were followed by price controls, which brought about even higher prices and more shortages. The list of basic commodities missing from stores, such as toilet paper, has gradually expanded to include cooking oil, corn flour, sugar, sanitary pads, batteries, coffins, and even oil (once the country’s main export). The Cendas survey showed that more than a third of foodstuffs cannot be found on supermarket shelves; moreover, vegetables are 32% more expensive every month, meat prices are going up by 22% every month, and beans are surging by 130%. Basic Venezuelan dishes containing rice and beans have thus become a luxury, as people queue for 8 hours a week, on average, to buy basic goods.

This time it was the bolivar, Venezuela’s currency, which made the headlines, as it tumbled from 82 bolivars to the dollar last year, to 300 bolivars in May, and to a staggering 670 bolivars this August. Because the Venezuelan administration stopped publishing inflation figures in December 2014 (when annual inflation reached 68%), some economists have designed an Arepa (i.e. cornmeal cake with cheese) hyperinflation index, which suggests a current inflation rate of around 400%. Others estimate the annual inflation rate is actually 808%.

A photo of a Venezuelan using a 2 bolivar banknote as a napkin to hold a cheesy pastry (an empanada) has recently gone viral: the banknote is worth less than a third of one US cent on the black market, while the price of a pack of napkins is about 500-600 bolivars. The photo is reminiscent of the Weimar Republic hyperinflationary episode, where the wholesale price index jumped from 100% in July 1922 to more than 2500% in January 1923, which led to German banknotes being used to light fires (right photo).

One can only speculate at the moment the extent of the damage this episode will leave on Venezuelan savings. But if history is any indication, we could soon hear stories similar to those of some of Mises’s acquaintances (recorded from his lectures by his student, Bettina Bien-Greaves):

[A] man made a will according to which this $ 2,000,000 was to be sent back to Europe to establish another orphan asylum such as that in which this man had been educated. This was just before World War I. The money was sent back to Europe. According to the usual procedure it had to be invested in government bonds of this country, interest to be paid every year to keep up the asylum. But the war came, and the inflation. And the inflation reduced to zero this fortune of $ 2,000,000 invested in European Marks—simply to zero.

[The president of a Bank in Vienna] told me that as a young man in his twenties he had taken out a life insurance policy much too large for his economic condition at the time. He expected that when it was paid out it would make him a well-to-do burgher. But when he reached his sixtieth birthday, the policy became due. The insurance, which had been a tremendous sum when he had taken it out thirty five years before, was just sufficient to pay for the taxi ride back to his office after going to collect the insurance in person. Now what had happened? Prices went up, yet the monetary quantity of the policy remained the same. He had in fact for many, many decades made savings. For whom? For the government to spend and devastate (Mises 2010, 30-31).

As news of Venezuela’s suffering keeps coming through, one cannot help but feel a certain sense of dread. All governments control the money supply to essentially the same extent that Maduro’s administration does. All around the world we have monetary socialism, where national currencies are subject solely to political power. And one cannot help but wonder (and fear) how many more such economic disasters it will take before it becomes clear that socialism of all shapes, sizes, and degrees, is unrealizable, unbearable, and unforgivable.

*  *  *

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Aug 22

Martial-law

Venezuela Announces Martial Law In Border State, Dispatches 1500 Soldiers (ZeroHedge, Aug 22, 2015):

When it comes to the complete economic and social devastation of Venezuela, lately the only thing readers seem attuned to is when will the social implosion lead to renewed political tensions which will likely result in another violent political overthrow, one which may or may not involve the local military. Today Venezuela took a step in that direction when its president Maduro declared a state of emergency in a border region near Colombia following an attack by smugglers in which three soldiers and a civilian were injured, resulting in 60 days of martial law in five municipalities of the state of Tachira. He also said the closure of the border, announced on Thursday, will be extended until further notice.

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Aug 02


Aug 1, 2015

See also:

Venezuela Increasingly Looks Like A War Zone

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Aug 02

Venezuela Increasingly Looks Like A War Zone (ZeroHedge, Aug 1, 2015):

Over the years, we have repeatedly poked fun at the transformation of Venezuela into a “socialist utopia” – an economy in a state of terminal collapse, where the destruction of the currency (one black market Bolivar is now worth 107 times less than the official currency’s exchange rate) and the resulting hyperinflation is only matched be barren wasteland that local stores have transformed into now that conventional supply chains are irreparably broken.

Just this past Wednesday we showed a clip of what is currently taking place inside Venezuela supermarkets, noting that “the hyperinflationary collapse in Venezuela is reaching its terminal phase. With inflation soaring at least 65%, murder rates the 2nd highest in the world, and chronic food (and toilet paper shortages), the following disturbing clip shows what is rapidly becoming major social unrest in the Maduro’s socialist paradise… and perhaps more importantly, Venezuela shows us what the end game for every fiat money system looks like (and perhaps Janet and her colleagues should remember that).”

Continue reading »

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Jul 29

Meanwhile In Venezuela… The Socialist Paradise Has Arrived (ZeroHedge, July 29, 2015):

As we recently warned, the hyperinflationary collapse in Venezuala is reaching its terminal phase. With inflation soaring at least 65%, murder rates the 2nd highest in the world, and chronic food (and toilet paper shortages), the following disturbing clip shows what is rapidly becoming major social unrest in the Maduro’s socialist paradise… and perhaps more importantly, Venezuela shows us what the end game for every fiat money system looks like (and perhaps Janet and her colleagues should remember that).

As we previously concluded, and seemingly confirmed by the above video,

Venezuela’s hyperinflation is reaching its final stages. It is probably already far too late for the government to stop the complete collapse of its currency. The bolivar is in the process of transforming from a medium of exchange to tinder for wood-stoves. Venezuelans who had the presence of mind to convert their savings into gold or foreign currency in good time are likely to survive the conflagration intact. Continue reading »

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Jul 25

– Venezuela’s Hyperinflation Crack-Up Boom On Its Way To Outer Space (Acting Man, July 25, 2015):

Why Stock Markets Are Not an Indicator of the Economy

In a free unhampered market economy based on a sound monetary system – this is to say a market-chosen monetary system with a free banking industry and no central planning institution that is manipulating interest rates and determining the size of the money supply – the gains and losses of shares prices in the stock market will simply be a reflection of entrepreneurial profits achieved in the past, plus embedded expectations of profits likely to be achieved in the future.

Maduro
Nicolas Maduro, the hapless president of socialist Venezuela, here seen hung with all sorts of bling supposed to testify to his achievements.
Photo credit: Prensa Presidencial

Under the assumption that such a free market money system would be largely non-inflationary, this mixture of “historical record” and expectations would primarily be expressed by the relative prices of shares. The bulk of the returns achieved by investors would come from dividend payments, as a general inflation of “the market” would be nigh impossible. Continue reading »

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May 06


May 5, 2015

Congresswoman Cynthia McKinney joins Stew Webb and Bruce Campbell to discuss the corruption she witnessed in Washington DC.

“It Strikes Me Mighty Strange That You Would Have Seven Latin American Leaders All Come Down With Cancer At The Same Time.”

Related info:

Hugo Chavez On Cancer Inducing Technology – Why He Had To Be Eliminated – To Obama: “You Are The Shame Of All Black People! Leave Us Alone!” (Videos)

Former US Lawmaker Cynthia McKinney: US Lawmakers Forced To Sign Support Of Israel (Video)

Former Presidential Candidate Cynthia McKinney Exposes THE LIE Used To Attack And Destroy Libya: ‘Truth is the First Casualty of War. No Justice, No Peace, No Truth..’

Cynthia McKinney at Munich Germany NATO Peace Rally: ‘My Country Has Been Hijacked By A Criminal Cabal’ (Video)

US Lawmakers Forced To Sign Support Of Israel:

aipac_rules_america Continue reading »

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Apr 04

Toilet-Paper

Venezuela Is Still Out Of Toilet Paper, Hotels Declare BYOTP (ZeroHedge, April 4, 2015):

When you’re running an epic socialist experiment while simultaneously attempting to preserve the legacy of a now-deceased “anti-imperialist” geopolitcal legend and your country’s most valuable asset has unexpectedly become a liability, it’s sometimes necessary for the common man (and woman) to make sacrifices, which is why it makes sense that at one point this year, 36 condoms cost nearly $800 in Venezuela. Fortunately for the safety of US citizens, The White House has officially recognized the country as a threat to US national security, which means no shady Venezuelans will be able to use the US financial system to procure condoms or bread on this administration’s watch. Rounding out the absurdities, Venezuelan President Nicolas Maduro predictably decided to use Washington’s charade to his advantage by citing Obama’s “imperialist” ambitions as an excuse to grant himself “special powers” which should help him “preserve the peace and integrity” of the country.

While it’s not entirely clear whether this falls under the purview of “preserving peace and integrity,” we imagine it would be a reputational advantage for the nation’s hotels to be able to provide guests with toilet paper, but as Fusion reports, Maduro’s socialist paradise has left some businesses up the proverbial creek:

Venezuela’s product shortages have become so severe that some hotels in that country are asking guests to bring their own toilet paper and soap, a local tourism industry spokesman said on Wednesday. Continue reading »

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Mar 20

maduro-xi

Amid “US Coup”, Venezuela Takes Another $5 Billion Loan From China (ZeroHedge, March 19, 2015):

The people of Venezuela can rejoice… not so fast. Amid paranoid-sounding (though not unlikely) rantings about US-created coups (and blaming ‘economic’ war for his nation’s Socialist utopia hyperinflation), it appears President Maduro just got another life-line (or more rope to hang himself). After begging China’s leader Xi early in January for moar money (and getting it), China – which is already Venezuela’s biggest creditor with over $50 billion loaned since 2007 – as Reuters reports, is said to plan on signing another $5bn loan to Venezuela for “wide-ranging” projects like “mature oil fields.” So, it appears China is enabling Maduro to hollow out his economy even more.

As Reuters reports,

China is poised to lend Venezuela around $10 billion in coming months, half as part of a bilateral financing deal and the other half for development of oil fields, a senior official at state oil company PDVSAsaid on Thursday. Continue reading »

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Mar 19

Maduro-Putin

Maduro Sends Letter to Putin: ‘Venezuela is Your Home’ (Sputnik, March 17, 2015):

Venezuelan President Nicolas Maduro expressed confidence that Caracas and Moscow can achieve more than they have over the past 61 years of diplomatic relations.

MOSCOW (Sputnik) — Caracas is ready to cooperate closely with Moscow within the framework of the UN Security Council, and hopes that the Russian head of state will pay Venezuela a visit, the country’s President Nicolas Maduro said in a letter to his Russian counterpart Vladimir Putin.Venezuela became a new non-permanent member of the UN Security Council in October 2014 and will serve to the end of 2016. Continue reading »

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Mar 11

FYI.

Related info:

Venezuela To Start Fingerprinting Supermarket Shoppers

Obama’s Venezuelan coup fails – the evidence emerges

Venezuela: Coup Plot To Assassinate President Nicolas Maduro And Install A De Facto Government Thwarted

Hugo Chavez On Cancer Inducing Technology – Why He Had To Be Eliminated – To Obama: “You Are The Shame Of All Black People! Leave Us Alone!” (Videos)


March 07, 2015 – CNN’s Maggie Lake reports on the chaos in Venezuela as the cost of living skyrockets following plunging oil prices.

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Mar 10

 – Venezuela’s Maduro Mocks Obama, Grants Himself “Special Powers” To Defend Against “Imperialist Aggression” (ZeroHedge, March 10, 2015):

Maybe it is because the soap-opera factor of the puppet proxy civil war in east Ukraine is dying down, it is time for another major geopolitical diversion, and it appears that the administration’s attention this time has fallen on Venezuela.

Perhaps he was tired of being accused for being too soft and engaging in a detente with not only Iran but Cuba, and so he decided to turn his attention on the one country he knew had absolutely no way of retaliating especially now that Venezuela’s only asset, has become a liability and all production at current prices is a loss maker for Caracas.

Whatever the reason, as Reuters reported yesterday, the United States on Monday yesterday declared Venezuela a national security threat and ordered sanctions against seven officials from the oil-rich country in the worst bilateral diplomatic dispute since socialist President Nicolas Maduro took office in 2013. Continue reading »

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Mar 10

Digital-Fingerprint-Scan-Identity

 – Venezuela To Start Fingerprinting Supermarket Shoppers (ZeroHedge, March 9, 2015):

Back in August, when we wrote about the latest instance of trouble in Maduro’s socialist paradise, we cautioned that as a result of the economic collapse in the Latin American nation (and this was even before the plunge in crude made the “paradise” into the 9th circle of hell), Venezuelans soon may need to have their fingerprints scanned before they can buy bread and other staples. This unprecedented step was proposed after Maduro had the brilliant idea of proposing mandatory grocery fingerprinting system to combat food shortages. He said then that “the program will stop people from buying too much of a single item”, but did not say when it would take effect. Continue reading »

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Mar 01

VZ arrest

Venezuela’s Maduro Claims US Pilot Arrested For Espionage, Bans Bush, Cheney From Entering Nation (ZeroHedge, March 1, 2015):

In case the world needed any more geopolitical risk “hotspots”, overnight Venezuela’s flailing president Nicolas Maduro, faced with an unprecedented economic crisis at home, decided to do what most authoritarian rulers do when faced with imminent civil unrest: point the finger abroad, and in this case, at Washington, as a distraction. With crude oil plunging, with opposition leaders being arrested, and with the economy generally in shambles, Venezuela has in recent weeks accused the United States of being behind an alleged coup plot. Then overnight, Maduro switched from broad generalizations to specifics when, as CNN reports, Maduro said Saturday an unspecified number of Americans were arrested “a few days ago” for engaging in espionage and recruitment activities. Continue reading »

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Feb 27

President Obama with his advisor for Latin America, Ricardo Zuñiga, and the National Security Advisor Susan Rice
President Obama with his advisor for Latin America, Ricardo Zuñiga, and the National Security Advisor Susan Rice

Obama’s Venezuelan coup fails – the evidence emerges (Axis of Logic, Feb 25, 2015):

THE UNITED STATES, GERMANY, CANADA, ISRAEL AND THE UNITED KINGDOM LAUNCHED “OPERATION JERICHO”

Once again, the Obama administration has tried to force the change of a political regime that resists it. On February 12, an Academi (formerly Blackwater) plane disguised as an aircraft of the Venezuelan army was supposed to bomb the presidential palace and kill President Nicolas Maduro. The plotters had planned to place former MP María Corina Machado in power and have her immediately acclaimed by former Latin American presidents. Continue reading »

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Feb 14

Related info:

Hugo Chavez On Cancer Inducing Technology – Why He Had To Be Eliminated – To Obama: “You Are The Shame Of All Black People! Leave Us Alone!” (Videos)

* * *


Venezuelan President Nicolas Maduro speaks at a public event in Caracas Feb. 12, 2015
Venezuelan President Nicolas Maduro speaks at a public event in Caracas Feb. 12, 2015. A coup plot against the Venezuelan president was thwarted that day. | Photo: AVN

Coup Plot in Venezuela Thwarted (teleSUR, Feb 12, 2015):

Coup plotters planned on assassinating the Venezuelan president and installing a de facto government.

A coup plot against the Venezuelan government has been foiled, with both civilians and members of the military detained, President Nicolas Maduro revealed Thursday in a televised address.

Those involved were being paid in U.S. dollars, and one of the suspects had been granted a visa to enter the United States should the plot fail, Maduro said.

Venezuela’s president stated that the coup plotters already had a “transitional” government and program lined up once the plan, which included bombings on the Miraflores Palace and the teleSUR offices in Caracas, as well as assassinations of members of the opposition, Maduro and others, was carried out. Continue reading »

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