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Oh The Joys Of Socialism..................NOT!

Posted: Mon Jun 26, 2017 8:39 pm
by Ken0069
Here is another headline where that piece of shit bus driver Venezuelans call President is intentionally starving his own people in an effort to save his presidency and the Socialist State of Venezuela!! Socialism at it's best!

And that's not the worst of it. Read where Wall Street IS investing in Maduro's plan to starve his people to death!! ... d-n2346780

Venezuelan Bonds Are a Fabulous Investment, If You Don't Mind the Starvation
Jeff Jacoby
Jun 26, 2017 12:01 AM
YOU WOULDN'T deliberately snatch food and medicine away from malnourished people. Nor, I'm sure, would you hire somebody else with explicit instructions to deprive suffering families of their basic needs.

But what about pumping money into a ruthless government that does those things? Would you buy bonds from a nasty regime if you knew that it would get the money to repay you by cutting back on the necessities of its already desperate people, and thereby cause even more starvation and misery?

Don't be too quick to say no. Lots of investors display no objection to propping up repressive governments by buying their debt. If you've put money into an emerging-market fund, chances are you're one of them.

The prime example these days is Venezuela, a once prosperous nation that has been reduced to Third World destitution by fanatical socialist misrule. Under President Nicolás Maduro, Venezuelans are starving: Three-fourths of the nation's population has lost dangerous amounts of weight, and 93 percent of Venezuelans don't earn enough to buy the food they need.
CARTOONS | Gary Varvel
View Cartoon

To raise money, the near-bankrupt Maduro regime has been selling government bonds at a discount — and some of Wall Street's biggest investment firms have been snatching them up. The Wall Street Journal reported last month that the asset management division of Goldman Sachs jumped at the chance to buy $2.8 billion of Venezuelan oil bonds at just 31 cents on the dollar. The bonds were issued by Venezuela's state petroleum company, but the regime's critics, with good reason, are calling them "hunger bonds." Maduro has adamantly seen to it that Venezuela meets its debt obligations, but he has done so by sharply curtailing imports of food, medicine, and other necessities. The upshot? Foreign investors get paid regularly. Maduro's access to cash and his grip on power remain intact.

And more Venezuelans sicken and starve.

Anybody have a problem with this?

As a business matter, Wall Street has good reason to buy all the "hunger bonds" it can lay its hands on. After all, they have proved quite a lucrative addition to investment portfolios.

Ricardo Hausmann, a professor of economics at Harvard (and a former Venezuelan government minister), points to the JP Morgan Emerging Market Bond Index Plus, or EMBI+, a widely-followed benchmark. Its returns "are heavily influenced by what happens in Venezuela," Hausmann writes, because "while Venezuela represents only 5 percent of the index, it accounts for about 20 percent of its yield." The very high return on investment reflects the risk that a future government might repudiate the debt, but it has also made Venezuela's bonds one of Wall Street's biggest moneymakers.

It stands to reason, then, that anyone hoping to make money in the bond market might invest in the EMBI+. But that means you'll be rooting for Venezuelan debt, Hausmann says. And that, in turn, means you'll effectively be "wishing for really bad things to happen to Venezuela's people." Should investors care that Maduro's government is forcing Venezuelans to scrounge for food in garbage cans so it can divert money to service bonds? "Sure, it's a humanitarian catastrophe," Hausmann comments acidly. "But to you it's a fabulous investment opportunity."

To many, maybe most, investors, the opportunity for gain is all that matters. How many American families, saving up for retirement or a child's future college education, scrutinize the holdings of the funds they invest in? How many fund managers, aware of their fiduciary duty to act in the best interest of their investors, want to risk a lawsuit for breaching that duty by avoiding a highly profitable investment — like Venezuela's "hunger bonds" — because of its moral taint?

There are boutique "ethical" investment opportunities for those who want them — funds that make a point of not investing in gun, alcohol, or tobacco shares, for example; or "cruelty-free" funds that hold equity and debt only in companies that avoid harm to animals; or investment vehicles designed to fight climate change. But the moral superiority of such funds isn't at all obvious. One person's ethical misgiving is frequently another person's obnoxious superstition.

Even where there is widespread agreement about the nastiness of a regime or the immorality of a practice, it isn't always clear that financial shunning will make things better. Disinvestment from South Africa was a popular strategy during the struggle to overthrow apartheid. But there were anti-apartheid activists who made a cogent case to the contrary. Dumping stock in companies with ties to the apartheid regime, they said, simply guaranteed that it would be bought up by investors who didn't have such qualms. So those who really wanted to influence a firm's policies should buy its shares, then use their leverage as investors to press for change.

Should investors plow their money into Venezuelan bonds? There is no incontrovertible answer to that question. Cutting off Maduro's access to cash might lead to even worse repression and hunger. Propping up his regime by buying Venezuelan debt could have the same effect.

Markets don't know everything. Neither do governments, or human-rights NGOs, or individuals. Sometimes the best advice is also the most difficult: Let your conscience be your guide.
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Re: Oh The Joys Of Socialism..................NOT!

Posted: Tue Jun 27, 2017 1:07 am
by exhaustgases
Typical take something away from you party.

Re: Oh The Joys Of Socialism..................NOT!

Posted: Thu Jul 06, 2017 4:30 pm
by Ken0069
Another communist "dick-tater" in the making!! Kim Jong Maduro anyone? :shock: :roll: Yup, it's about to come full circle all right because that's what socialism does!!

Democracy Losing Ground in Venezuela – U.S. State Department Responds…
Posted on July 6, 2017 by sundance ... -responds/
The outcome for a peaceful democratic Venezuela looks less likely today after dozens of pro-Maduro armed militia (‘protesters’) stormed the opposition-controlled National Assembly in Caracas and began attacking politicians. At least 12 politicians and several journalists are said to have been wounded.

Events unfolded as socialist Venezuelan President Nicolas Maduro was speaking at another part of the capital during a military parade to commemorate Independence Day. At least 90 people have died in violent clashes at near-daily demonstrations in the past three months.

(U.S. State Dept.) The United States condemns the July 5 attack on members of the Venezuelan National Assembly by armed supporters of the government of President Nicolas Maduro. This violence, perpetrated during the celebration of Venezuela’s independence, is an assault on the democratic principles cherished by the men and women who struggled for Venezuela’s independence 206 years ago today.

We call on the Venezuelan government to immediately provide for the protection of the National Assembly, ensure those injured in today’s attack are able to receive medical attention, and bring the attackers to justice. We urge all sides in Venezuela to refrain from violence.

The United States deplores the Venezuelan government’s increasing authoritarianism, and the convocation of a National Constituent Assembly designed to undermine Venezuela’s democratic institutions, including the National Assembly.

We join nations across the hemisphere and call upon the government of Venezuela to live up to commitments it made in the Vatican-facilitated dialogue process last fall to hold free, fair, and credible elections immediately, respect the constitution and the National Assembly, provide for the immediate and unconditional release of all political prisoners, and tend to the humanitarian needs of the Venezuelan people.
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Re: Oh The Joys Of Socialism..................NOT!

Posted: Tue Aug 01, 2017 5:54 pm
by Ken0069
Well, looks like the dick-tater of Venezuela entered into the last step in the transition process from Democracy, to Socialism and now communism! Soon we will hear of MASSIVE jailing of the opposition along with mysterious disappearances of same!

May the piece of shiite rot in hell for eternity!! :shock: Yup, stick around for a while and I'll tell you what I really think!


Re: Oh The Joys Of Socialism..................NOT!

Posted: Tue Aug 01, 2017 6:27 pm
by 1989TransAm
A number of Hollywood types went down to Venezuela to praise Hugo and his style of government. They should move down there to prove they are not hypocrites.

Re: Oh The Joys Of Socialism..................NOT!

Posted: Wed Aug 02, 2017 9:14 am
by Firedome8

Re: Oh The Joys Of Socialism..................NOT!

Posted: Wed Aug 02, 2017 9:17 am
by Firedome8

Re: Oh The Joys Of Socialism..................NOT!

Posted: Wed Aug 02, 2017 9:22 am
by 1989TransAm
Bwahahahahaha. You are a riot. That is just so stupid. #-o :^o [-X

Re: Oh The Joys Of Socialism..................NOT!

Posted: Wed Aug 02, 2017 11:12 am
by Firedome8
images (5).jpg
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Re: Oh The Joys Of Socialism..................NOT!

Posted: Fri Aug 04, 2017 4:14 am
by Ken0069
Socialism in the Real World Continues to Devastate Venezuela
By James M. Roberts | August 3, 2017 | 9:00 AM EDT

From THIS article on CNS News.
Friedrich Hayek famously observed that socialist central planning puts countries on the road to serfdom.

The latest dead end on that highway to hell—already littered with the human victims of past failed attempts in places like Cuba and the old Soviet Union—is in Caracas, Venezuela.

That is where, last weekend, President Nicolás Maduro and the thousands of Cuban communists who actually run his government took the final step to squash the rights of individual Venezuelan citizens and impose an authoritarian dictatorship.

Hayek could have told us: It is the logical last act in the Venezuelan tragedy that began nearly 20 years ago with the election of Maduro’s mentor (and Fidel Castro’s protégé), Hugo Chavez.

As The Economist magazine reported earlier this year, the damage in Venezuela is extensive.

The economy has contracted dramatically—gross domestic product in 2017 will be nearly 25 percent smaller than when Chavez died in 2013. Hyperinflation—and the complete economic collapse it signals—seems to be just around the corner.

Inflation is predicted to exceed 1,600 percent this year and the value of the country’s currency—the bolivar—has plummeted. As wags on Twitter have noted, it is now worth less than the virtual gold tokens in the “World of Warcraft” video game.

Which would be funny, were it not for the immense human suffering right now in Venezuela. People are losing weight because there is not enough to eat in this workers’ paradise.

There are shortages of everything, everywhere. Just like in the old Soviet Union, people line up at the first rumor that some basic item—bread, rice, cooking oil, etc.—might be available.

Food riots are frequent. Medicines are almost nonexistent. Hospitals do not even have running water. Many people are fleeing—thousands of refugees are crossing the border daily into Colombia.

It wasn’t supposed to end this way. The World Bank clucked approvingly in the early Chavez years, when his oil income redistribution schemes improved statistics for inequality.

Meanwhile, the Chavistas looted and destroyed the Venezuelan private sector, seizing and wiping out the efficient companies and farms that had been producing the basic goods people are now fighting over.

As long as oil prices were rising, they got away with it.

There is more equality in Venezuela today, that’s for sure. As British Prime Minister Winston Churchill would have put it: Socialism produces misery, equally shared.

Not everyone is hurting, though. Chavez’s daughter, María Gabriela, has a fortune estimated at more than $4 billion.

The Miami Herald reports that state-owned oil company PDVSA alone funneled $11 billion in illegal payments to Venezuelan government officials and their friends and families between 2005 and 2014.

Venezuela’s score in the Transparency International Corruption Perceptions Index makes it the most corrupt country in the Western Hemisphere, and helped drag the country to the bottom of The Heritage Foundation’s annual Index of Economic Freedom, too.

Back home in America, the mainstream media is dutifully reporting on the demonstrations against the government.

Sometimes they mention that Maduro’s thugs on motorcycles are randomly beating people up and that Venezuelan government sharpshooters are targeting and killing protesters to terrorize the public and scare them into staying off the streets.

But, in a country where many young people are still enchanted by the Bernie Sanders message of socialism and free stuff, not enough attention has been paid to this simple fact: that in the real world—a world where bad people say good-sounding things to voters and then proceed to steal other people’s stuff once they take office—Venezuela is what you get when socialist theories are actually put into practice.
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Re: Oh The Joys Of Socialism..................NOT!

Posted: Mon Aug 14, 2017 5:53 pm
by Ken0069

Re: Oh The Joys Of Socialism..................NOT!

Posted: Mon Aug 14, 2017 8:25 pm
by 1989TransAm
Maduro's son thinks that the White House is in New York.

Re: Oh The Joys Of Socialism..................NOT!

Posted: Mon Aug 14, 2017 8:37 pm
by exhaustgases
Firedome8 wrote:images (5).jpg
And please do tell us what is the better alternative to Trump?

You know the one where you get to work and own nothing, and your pay goes to support them that come to this country for the American dream,
that is the dream for you to work and they don't have to.
And the Marxist dream of agenda 21 to force you where to live and what you can own and do, by using the environment as the reason to effect the control over your activities. Hmmm when I was a kid in school they called that communism, I am a product of my years of training in the public school system and I have not been influenced by a this group or that group. As kids we where told how bad communists where. I guess a lot of folks my age forgot their school lessons.

Re: Oh The Joys Of Socialism..................NOT!

Posted: Tue Nov 14, 2017 7:09 pm
by Ken0069
I've said this before, but lets review it again shall we? This is what happens when you make a BUS DRIVER PRESIDENT!

Venezuela just defaulted, moving deeper into crisis
by Patrick Gillespie
November 14, 2017: 8:10 AM ET
Venezuela, a nation spiraling into a humanitarian crisis, has missed a debt payment. It could soon face grim consequences.

The South American country defaulted on its debt, according to a statement issued Monday night by S&P Global Ratings. The agency said the 30-day grace period had expired for a payment that was due in October. (read more)

Re: Oh The Joys Of Socialism..................NOT!

Posted: Tue Nov 14, 2017 7:45 pm
by 1989TransAm
Typical socialist.