REAL WORLD EVENT DISCUSSIONS

Venezuela

POSTED BY: DREAMTROVE
UPDATED: Monday, February 20, 2017 21:49
SHORT URL:
VIEWED: 1046
PAGE 1 of 1

Monday, February 20, 2017 8:12 PM

DREAMTROVE


Famine reigns, chaos looms, and the economy collapses. The average wage is now 10% of the cost of living, the worst economic disparity in the world. But it's a great weightloss plan.
http://www.foxnews.com/world/2017/02/20/study-venezuelans-lost-19-lb-o
n-average-over-past-year-due-to-lack-food.html

NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Monday, February 20, 2017 9:25 PM

SIGNYM

I believe in solving problems, not sharing them.


It's a nightmare. But that's what happens when you depend on one commodity for everything.

Venezuelans have land, they have a decent climate, they even have a great supply of oil! But they used their oil to buy everything ... pork, milk, rice, corn, toilet paper - things they should have been producing themselves. That approach set them up for skimming and corruption at transit points, and when the price of oil fell their economy tanked with it.

They should have traded with Cuba: oil for experienced farmers.

Venezuela is one example of why each nation should be as self-sufficient as possible. In fact, there should be fractal self-sufficiency, just to tide cities and regions over in case of emergency.

Since the USA's biggest export is ... dollars and Treasuries ... what happens when OUR biggest export loses value? Yeesh!



-----------

"Pity would be no more,
If we did not MAKE men poor"- William Blake


NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Monday, February 20, 2017 9:49 PM

DREAMTROVE


The govt has been primarily using that oil to buy weapons to stay in power.
That said, it's not the fall in the price of oil per se because they haven't been selling the oil to china at fair market prices, but at special arrangement low prices, the way US oil colonies always did. As soon as you remove such deals, you see a radical change in the economy, as I saw in Trinidad in the 1980s.

There is an opportunity here, though, to learn from the native populations. Hunter gatherers don't have the ability to support a large population in most of the world, but the amazon produces billions of tons of food, and populations seem to never be checked by lack of food. Half of Venezuela is rainforest, and I'm sure the native population is having no food shortage. They might be able to show them alternative ways of surviving.

Next, of course, there's the absurd economic collapse. Per capita GDP sits around $4000 but median income sits under $300 now. The cost of living is about ten times that.

NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

YOUR OPTIONS

NEW POSTS TODAY

USERPOST DATE

OTHER TOPICS

DISCUSSIONS
Punishing Russia With Sanctions
Sun, November 24, 2024 17:31 - 564 posts
Russia Invades Ukraine. Again
Sun, November 24, 2024 17:13 - 7497 posts
human actions, global climate change, global human solutions
Sun, November 24, 2024 17:06 - 952 posts
Elections; 2024
Sun, November 24, 2024 16:24 - 4799 posts
US debt breaks National Debt Clock
Sun, November 24, 2024 14:13 - 33 posts
The predictions thread
Sun, November 24, 2024 13:15 - 1189 posts
The mysteries of the human mind: cell phone videos and religiously-driven 'honor killings' in the same sentence. OR How the rationality of the science that surrounds people fails to penetrate irrational beliefs.
Sun, November 24, 2024 13:11 - 18 posts
In the garden, and RAIN!!! (2)
Sun, November 24, 2024 13:05 - 4762 posts
Sweden Europe and jihadi islamist Terror...StreetShitters, no longer just sending it all down the Squat Toilet
Sun, November 24, 2024 13:01 - 25 posts
MSNBC "Journalist" Gets put in his place
Sun, November 24, 2024 12:40 - 2 posts
Is Elon Musk Nuts?
Sun, November 24, 2024 10:59 - 422 posts
The Islamic Way Of War
Sun, November 24, 2024 08:51 - 41 posts

FFF.NET SOCIAL