MonroeTalks.com > Categories > Politics and Government > Venezuela (#FeeltheBern)


Pages: 1 [2] 3 4 ... 7   Go Down

Author Topic: Venezuela (#FeeltheBern)  (Read 11659 times)

0 Members and 1 Guest are viewing this topic.

SidecarFlip

  • Hero Talker
  • ******
  • Offline Offline
  • Posts: 24113
Re: Venezuela (#FeeltheBern)
« Reply #15 on: February 04, 2016, 09:34:35 PM »

The United Socialist Party of Venezuela bringing change.


Venezuelan currency enters free fall mode

http://www.ft.com/fastft/366271/venezuela-bolivar

Death In Venezuela: Food Fights




http://blogs.barrons.com/emergingmarketsdaily/2015/08/03/death-in-venezuela-food-fights/


Venezuela orders food produce to be handed over to state shops

http://www.thetimes.co.uk/tto/news/world/americas/article4504218.ece

Scarce Tampons Eat Up a Third of Venezuelan Salaries

Last month, both Venezuelan men and women were shocked to find out the new prices of tampons, sanitary pads, and other personal hygiene products set by the national government.

Overnight, sanitary pads went from costing Bs. 70 (US$0.15 at the black-market rate) to Bs. 1,290 ($3, a 1,800 percent increase). To foreigners it may seem not much, but Venezuela’s current minimum wage of Bs. 7,421 amounts to barely $20. Considering an average woman needs two packs, this means a her period can consume one third of her salary.

http://blog.panampost.com/pedro-garcia/2015/07/02/scarce-tampons-eat-up-a-third-of-venezuelan-salaries/


Sounds like shop towels and toilet paper will be in short supply.................
Logged
AN ARMED SOCIETY IS A POLITE SOCIETY

SidecarFlip

  • Hero Talker
  • ******
  • Offline Offline
  • Posts: 24113
Re: Venezuela (#FeeltheBern)
« Reply #16 on: February 04, 2016, 09:36:23 PM »

Venezuela sits on the world's largest oil reserves, but they are broke and hungry due to their socialist policies and state control of their market.

I wonder if Sean Penn will go down and take a victory lap?





It could be too late to avoid catastrophe in Venezuela

Why Venezuela? First, because while most other oil exporters used the boom to put some money aside, former president Hugo Chávez, who died in 2013, used it to quadruple the foreign debt. This allowed him to spend as if the average price of a barrel of oil was $197 in 2012, when in fact it was only $111. He also used it to maim the private sector through nationalisations and import controls. With the end of the boom, the country was put in a hopeless situation.

The year 2015 was an annus horribilis in Venezuela with a 10 per cent decline in gross domestic product, following a 4 per cent fall in 2014. Inflation reached over 200 per cent. The fiscal deficit ballooned to 20 per cent of GDP, funded mainly by the printing press.

In the free market, the bolivar has lost 92 per cent of its value in the past 24 months, with the dollar costing 150 times the official rate: the largest exchange rate differential ever registered. Shortages and long queues in the shops have made daily life very difficult. No wonder the government lost the elections for the National Assembly in December.

As bad as these numbers are, 2016 looks dramatically worse. Imports, which had already been compressed by 20 per cent in 2015 to $37bn, would have to fall by over 40 per cent, even if the country stopped servicing its debt.

http://www.ft.com/intl/cms/s/0/204fc996-c8d5-11e5-a8ef-ea66e967dd44.html


I picture the person on the right with a hole right between his eyes about even with his eyebrows..........
Logged
AN ARMED SOCIETY IS A POLITE SOCIETY

excelsior

  • Hero Talker
  • ******
  • Offline Offline
  • Posts: 4385
Re: Venezuela (#FeeltheBern)
« Reply #17 on: February 05, 2016, 07:57:21 PM »

Not if you have a mortgage or own a car in Michigan.

A mortgage or related insurance is not mandated by the government.

One can purchase a vehicle without proof of insurance.
Logged
"The beginning of wisdom is a definition of terms." ~ Socrates

"No rational argument will have a rational effect on a man who does not want to adopt a rational attitude." ~ Karl Popper

"What vitiates entirely the socialists economic critique of capitalism is their failure to grasp the sovereignty of the consumers in the market economy." ~ Ludwig von Mises

“When the debate is lost, slander becomes the tool of the loser.”  ~ Socrates

Monroe Native

  • Hero Talker
  • ******
  • Offline Offline
  • Posts: 22351
Re: Venezuela (#FeeltheBern)
« Reply #18 on: February 05, 2016, 08:32:30 PM »

A mortgage or related insurance is not mandated by the government.

One can purchase a vehicle without proof of insurance.

Hence why the legislature thought "No Fault" Insurance made sense.....  because too many of the fine Citizens of the State of Michigan were taking advantage of that fact.
Logged
I have learned that only two things are necessary to keep one's wife happy. First, let her think she's having her own way. And second, let her have it.
Lyndon B. Johnson

You do not examine legislation in the light of the benefits it will convey if properly administered, but in the light of the wrongs it would do and the harms it would cause if improperly administered.
Lyndon B. Johnson

John Kopke

  • Hero Talker
  • ******
  • Offline Offline
  • Posts: 7247
Re: Venezuela (#FeeltheBern)
« Reply #19 on: February 05, 2016, 09:47:37 PM »

A mortgage or related insurance is not mandated by the government.

One can purchase a vehicle without proof of insurance.

Well I imagine you're right if you buy cash, but I don't believe you could if you are financing. Finance co. ain't
going fork over financing if vehicle isn't covered.
Logged
John Kopke

John Kopke

  • Hero Talker
  • ******
  • Offline Offline
  • Posts: 7247
Re: Venezuela (#FeeltheBern)
« Reply #20 on: February 05, 2016, 09:51:47 PM »

Chavez and Maduro ladled it out until they ran out of other peoples money and now they're printing big time.
Now with hyper inflation yYou might say the people of Venezuela are really getting "Berned".   
Logged
John Kopke

excelsior

  • Hero Talker
  • ******
  • Offline Offline
  • Posts: 4385
Re: Venezuela (#FeeltheBern)
« Reply #21 on: February 05, 2016, 10:01:50 PM »

Well I imagine you're right if you buy cash, but I don't believe you could if you are financing. Finance co. ain't
going fork over financing if vehicle isn't covered.

There's a huge difference between a government mandating an action and an individual freely choosing to enter into a contract that may require insurance.
Logged
"The beginning of wisdom is a definition of terms." ~ Socrates

"No rational argument will have a rational effect on a man who does not want to adopt a rational attitude." ~ Karl Popper

"What vitiates entirely the socialists economic critique of capitalism is their failure to grasp the sovereignty of the consumers in the market economy." ~ Ludwig von Mises

“When the debate is lost, slander becomes the tool of the loser.”  ~ Socrates

John Kopke

  • Hero Talker
  • ******
  • Offline Offline
  • Posts: 7247
Re: Venezuela (#FeeltheBern)
« Reply #22 on: February 05, 2016, 10:08:05 PM »

There's a huge difference between a government mandating an action and an individual freely choosing to enter into a contract that may require insurance.

Very true. Maybe I didn't go back far enough in posts to have right context.
Logged
John Kopke

arpydave

  • Hero Talker
  • ******
  • Offline Offline
  • Posts: 1538
Re: Venezuela (#FeeltheBern)
« Reply #23 on: February 06, 2016, 01:11:33 AM »

Hence why the legislature thought "No Fault" Insurance made sense.....  because too many of the fine Citizens of the State of Michigan were taking advantage of that fact.

While sitting on the sidelines and seeing how the car insurance aspect in this thread has evolved I've had to invoke my own "10/10/10" rule. And now it's even gone to a "24/24/24" rule.  ???

Unless you've insured a vehicle outside of Michigan or placed a claim recently you really don't realize how many ways you're getting raped on vehicle insurance in your state.  :(

Don't get defensive, and don't just say "But that's the way things are, here." Y'all are paying way too much, for way too little, at the cost of those who do pay.  >:(

Logged
I'm a sheepdog. I may not agree with you but I will not tolerate sheeple.

Those that forget history are doomed to repeat it.

People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf. George Orwell

Monroe Native

  • Hero Talker
  • ******
  • Offline Offline
  • Posts: 22351
Re: Venezuela (#FeeltheBern)
« Reply #24 on: February 06, 2016, 06:41:31 AM »

While sitting on the sidelines and seeing how the car insurance aspect in this thread has evolved I've had to invoke my own "10/10/10" rule. And now it's even gone to a "24/24/24" rule.  ???

Unless you've insured a vehicle outside of Michigan or placed a claim recently you really don't realize how many ways you're getting raped on vehicle insurance in your state.  :(

Don't get defensive, and don't just say "But that's the way things are, here." Y'all are paying way too much, for way too little, at the cost of those who do pay.  >:(

Yes we are.

I'm also forced to buy into coverage that I don't want -  the unlimited  health coverage - but we have hashed that out in other  threads and our full time legislature will never fix it.
Logged
I have learned that only two things are necessary to keep one's wife happy. First, let her think she's having her own way. And second, let her have it.
Lyndon B. Johnson

You do not examine legislation in the light of the benefits it will convey if properly administered, but in the light of the wrongs it would do and the harms it would cause if improperly administered.
Lyndon B. Johnson

SidecarFlip

  • Hero Talker
  • ******
  • Offline Offline
  • Posts: 24113
Re: Venezuela (#FeeltheBern)
« Reply #25 on: February 06, 2016, 10:19:55 AM »

A mortgage or related insurance is not mandated by the government.

One can purchase a vehicle without proof of insurance.

Thats correct but you can't plate it without proof of insurance.....  The trick to that is you buy a policy, plate it and cancel.
Logged
AN ARMED SOCIETY IS A POLITE SOCIETY

blue2

  • Hero Talker
  • ******
  • Offline Offline
  • Posts: 12939
Re: Venezuela (#FeeltheBern)
« Reply #26 on: February 06, 2016, 10:24:49 AM »

not legaly anyway.  There was guy on the street that had connections to a worker in a junk yard.  He would take plates off wrecked cars and sell them for a few bucks.
Logged

excelsior

  • Hero Talker
  • ******
  • Offline Offline
  • Posts: 4385
Re: Venezuela (#FeeltheBern)
« Reply #27 on: February 06, 2016, 10:41:10 AM »

Funny I was going to say the same thing about the title of your thread.

I guess there is a difference.    Socialism is about 80% Soviet style central planning and individual servitude to the state.   Democratic socialism drops that number down to about 70%.
Logged
"The beginning of wisdom is a definition of terms." ~ Socrates

"No rational argument will have a rational effect on a man who does not want to adopt a rational attitude." ~ Karl Popper

"What vitiates entirely the socialists economic critique of capitalism is their failure to grasp the sovereignty of the consumers in the market economy." ~ Ludwig von Mises

“When the debate is lost, slander becomes the tool of the loser.”  ~ Socrates

Monroe Native

  • Hero Talker
  • ******
  • Offline Offline
  • Posts: 22351
Re: Venezuela (#FeeltheBern)
« Reply #28 on: February 06, 2016, 12:55:42 PM »

Thats correct but you can't plate it without proof of insurance.....  The trick to that is you buy a policy, plate it and cancel.

You just take a plate off of someone elses car.

Any plate will do.
Logged
I have learned that only two things are necessary to keep one's wife happy. First, let her think she's having her own way. And second, let her have it.
Lyndon B. Johnson

You do not examine legislation in the light of the benefits it will convey if properly administered, but in the light of the wrongs it would do and the harms it would cause if improperly administered.
Lyndon B. Johnson

SidecarFlip

  • Hero Talker
  • ******
  • Offline Offline
  • Posts: 24113
Re: Venezuela (#FeeltheBern)
« Reply #29 on: February 06, 2016, 01:07:22 PM »

You just take a plate off of someone elses car.

Any plate will do.

SOP in Detroit....  That or the validation sticker...
Logged
AN ARMED SOCIETY IS A POLITE SOCIETY
Pages: 1 [2] 3 4 ... 7   Go Up