GatoGordo
GatoGordo's JournalNorth Korea offered economic advice to Venezuela
The monetary entity held an event where he invited the ambassador of the Asian country, Ri Sung Gil, who explained industrialization as an alternative to the sanctions imposed by the US.By EL NACIONAL WEB
DECEMBER 01, 2017 02:01 PM | UPDATED ON DECEMBER 01, 2017 2:07 PM
The Central Bank of Venezuela (BCV) held a discussion on Wednesday where the North Korean ambassador to Venezuela, Ri Sung Gil, who offered economic advice to Venezuela and proposed industrialization as an alternative to "overcome the sanctions imposed by the American empire. "
The event was attended by the BCV director José Khan and the vice minister of the Ministry of Basic Industries, Orlando Ortegano.
North Korea has an economic model based on state intervention in all means of production. In the economic freedom index (ILB) it is ranked 180 out of 180 countries, Venezuela ranks 179th .
http://www.el-nacional.com/noticias/economia/corea-del-norte-ofrecio-asesoria-economica-venezuela_213729
Cool. The worst economy in the world, giving advice to the next to last economy. What could go wrong?
Over 100,000 Bolivar "Fuerte" for ONE USDollar
103,024 VEF/USD
https://dolartoday.com/
That's one hundred and three million of the old Bolivars. Chavez lopped off three zeros in 2008, and renamed the Bolivar "strong".
The Bolivar Fuerte has devalued by 18 million percents since Chavismo (1999)
Amid mass exodus, Venezuela is losing its teachers
By Patrick Gillespie, CNN Updated 1:29 PM ET, Thu
(CNN)Mariella Azzato sees her staff thinning almost daily in Venezuela.
Over 430 professors, assistants and faculty have left the University of Simon Bolivar, in Caracas, since 2015, according to Azzato, the university's vice rector of administration. The public university is widely considered one of Venezuela's best, yet more than a third of the faculty have left in three years.
The vast majority of professors are leaving in search of better lives in other countries as Venezuela dives deeper into an economic and humanitarian crisis punctuated by a government many, including President Trump, deem a dictatorship.
"A moment is going to arrive when there's isn't anyone," Azzato laments. "There's an exodus of the most talented professors to other countries."
-snip-
http://www.cnn.com/2017/11/30/americas/venezuela-teachers/index.html
Another big scoop for TeleSur, the mouthpiece of Chavismo. Epic fail. Again.
RT Has Capitol Hill Credentials Revoked30 November 2017
The media outlet, which has often been critical of the U.S. government, had its Capitol press credentials revoked after a series of restricting measures imposed on it by the U.S. Department of Justice.
The Executive Committee of the Congressional Radio & Television Correspondents' Galleries informed RT America that their press credentials for the U.S. Capitol had been revoked in a unanimous vote following a Department of Justice decision to force the station to register as a ‘foreign agent.’
Among those who voted for revoking the outlet’s press credentials were Craig Caplan, Walter Cronkite, Mariam Khan, Paul Courson, and Jacqueline Policastro.
https://www.telesurtv.net/english/news/RT-Has-Capitol-Hill-Credentials-Revoked-20171130-0002.html
Walter Cronkite died July 17, 2009, in New York City
TeleSur and RussiaToday have a joint agreement in regards to "making" news worthy of their Stalinist world view.
Chavismo 2006. The year in review
https://www.caracaschronicles.com/2017/11/29/no-signal-no-victory/Power struggles, nationalizations, food/drug shortages, excuses, more nationalizations, inflation/devaluations, closing news outlets, graft and retribution, jailing opposition leaders... just another year in the office for Chavismo!
Maduro: The National Assembly no longer exists!
Translated from SpanishCaracas, November 28 (EFE) .- President Nicolás Maduro affirmed on Tuesday that the National Assembly "is an unburied corpse", and assured that this House of opposition majority "does not need" and "does not exist" thanks to "we have the National Constituent Assembly ".
"The oligarchy adeca (from the Democratic Action party, hegemonic during bipartisan democracy) rancid destroyed the Venezuelan Parliament Destroyed, that does not exist, thank God," said the head of state during an act with the new leadership of state oil company PDVSA .
Among the cheers of the workers of the oil company, Maduro also affirmed that "thanks to the people we have a National Constituent Assembly and the National Adeca bourgeois Assembly is not necessary, it does not exist".
The Constituent Assembly was established in August this year by the ruling party without the prior referendum demanded by the opposition and civil society, and has full executive powers since then, despite the fact that the Magna Carta only assigns the power to draft a new constitutional text to this kind of together.
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http://www.noticierodigital.com/forum/viewtopic.php?t=88112
Why again is he wanting to meet with the opposition, in the Dominican Republic, for "dialogue"? Maybe its because nobody will refinance his debt without the approval of the National Assembly that he says no longer exists?
Cuba redux: Millions of Venezuelans survive thanks to "family remittances"
Venezuelans help themselves financially with remittances
By EL NACIONAL WEB
NOVEMBER 27, 2017 11:51 AM | UPDATED ON NOVEMBER 27, 2017 12:04 PM
More and more Venezuelan families receive money from relatives from abroad, which helps to alleviate the cost of food and medicines. This practice has become in recent months a help to the salary of those residing in the country.
The Brazilian Ministry of Labor (MTB) concluded in a study that 54.2% of Venezuelans in the Amazonian land sent their families to their families in October, according to Panorama .
The director of the Institute of Economic and Social Research of the University of Zulia, Alberto Castellano, explained that the sending of remittances in bolivars at a parallel dollar rate represents a double pressure on inflation due to its inorganic emission by the Central Bank to finance the expenditure public, which increases monetary liquidity.
The university professor proposed that only dismantling exchange control can help attract dollars from Venezuelans abroad and boost the economy.
-snip-
http://www.el-nacional.com/noticias/economia/venezolanos-ayudan-economicamente-con-las-remesas_213106
Chavez would roll over in his crypt! Selling to China and Russia what he nationalized
Bloomberg: PDVSA will seek partners to stop the Venezuelan refineries
Nov 27, 2017 10:34 am
By Amy Stillman and Laura Millanpara
Iván Freites, head of the oil workers' union of PDVSA, informed through a telephone interview that workers in Cardón and Amuay believe that these refineries could be sold or leased to foreign companies.
Apparently, PdVSA would be in talks with China, Russian oil company Rosneft and the Iranians to negotiate contracts could range between 1.5 and 7 trillion dollars for a period of 10-15 years, revealed the union leader.
"The Cardon and Amuay refineries are operating at significantly reduced rates, while El Palito, Puerto La Cruz and Bajo Grande are" completely paralyzed, "he added.
"The situation is very serious because not enough oil is produced to maintain production in the refineries," explains Freites.
It was also known that Cardón is operating at 100 thousand barrels of oil per day; while Amuay would be processing about 250 thousand barrels of oil per day.
When contacting the official PdVSA spokespersons, they did not answer the phone calls.
https://www.lapatilla.com/site/2017/11/27/bloomberg-pdvsa-buscara-socios-ante-paralizacion-de-las-refinerias-venezolanas/
Last month, technicians and suits from Russia and China were seen inspecting the refineries in Amuay and Cardón for three weeks. It is thought that the financial lifeline recently thrown to Chavismo came at the cost of these Venezuelan properties.
Chavez' first coup attempt 27 November 1992
25 years ago today, a young Hugo Chavez initiated a failed coup attempt to overthrow the democratically elected government of Venezuela. We were visiting my Venezuelan wife's family in Maracaibo when it went down.
How the Stalinists love to howl about the failed coup of 11 April 2002 against Chavez. Conveniently forgetting that Chavez was no stranger to the same method of regime change.
read about it below
https://www.caracaschronicles.com/2017/11/27/vtvs-darkest-day/
Holding out hope that once Chavismo falls, they will join the likes of Costa Rica, Iceland and Panama in abolishing their armed forces.
Maduro fires oil execs, replaces them with... military?
Maduro taps major general to lead Venezuela's deteriorating oil industryAlexandra Ulmer, Deisy Buitrago
CARACAS (Reuters) - Venezuelan President Nicolas Maduro on Sunday tapped a National Guard major general to lead state oil company PDVSA [PDVSA.UL] and the Oil Ministry as the OPEC member labors under near 30-year lows in oil production.
Industry analysts and sources said the surprise appointment of Manuel Quevedo, a former housing minister with no known energy experience, was a bad omen for the country’s already deteriorated oil industry.
Quevedo takes over from two industry veterans to become one of the most powerful players in the country, which is home to the world’s largest crude reserves. He will have to tackle corruption scandals and an attempted debt restructuring, within the context of a deep recession and debilitating U.S. sanctions.
“The time for a new oil revolution has come,” leftist Maduro said in his televised Sunday address, urging Quevedo to purge PDVSA of corruption. Last week, six executives from U.S.-based Citgo Petroleum Corp, or Citgo, a Venezuelan-owned refiner and marketer of oil and petrochemical products, were arrested in Caracas on graft allegations.
-snip-
https://www.reuters.com/article/us-venezuela-politics-pdvsa/maduro-taps-major-general-to-lead-venezuelas-deteriorating-oil-industry-idUSKBN1DQ0R9
That Maduro is a regular rocket surgeon. Replace technocrats and business people with morons who can't direct traffic after a parade. Refinancing his bonds ought to be real easy, now!
Maduro has already put the military in charge of food production/distribution, and mining. Hence, no food is being produced, and mining has been taken over by criminal gangs. Maduro has no military background the way Chavez did, and the only way to keep these generals loyal is to put them in charge of the money.
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