11-08-2018, 11:42 PM
*** 9-Nov-18 World View -- Venezuela's refugees crisis soars, as economic disaster reaches new levels
This morning's key headlines from GenerationalDynamics.com
****
**** Venezuela's refugees crisis soars, as economic disaster reaches new levels
****
![[Image: g181108b.jpg]](http://Media.GenerationalDynamics.com/ww2010/g181108b.jpg)
Venezuelan migrants travel aboard a truck in Tumbes, Peru, near the Ecuador border, on November 1. (AFP)
The Socialist poster child, Venezuela, is facing increasing crises, as
the country continues to crumble. Socialism has been a disaster every
time it's been tried, whether it's been abandoned, as in North Korea,
Sweden, Russia, China, Cuba, or East Germany, or where it's led to
total financial disaster, as in North Korea.
In Venezuela, the refugee crisis and the economic crisis continue to
reach fresh levels, while the overweight Socialist president, Nicolás
Maduro, who stuffs himself while his people starve to death, shows no
hint of wanting abandon the disaster.
On Thursday, Venezuela's year on year inflation rate was 833,997%.
The International Monetary Fund predicted several months ago that
Venezuela's inflation rate would reach one million percent by the end
of the year, and Maduro is on track for reaching that goal. The IMF
predicted that the inflation rate would exceed 10 million percent by
the end of 2019, and there's nothing to stop that from happening
unless Maduro is stopped.
Maduro, along with his predecessor Hugo Chávez, have implemented a
perfectly functioning Socialist economy, with nationalized industries,
price controls, a high minimum wage, and punishment for anyone making
money. As in all perfectly functioning Socialist economies, there are
shortages of food, medicines, toilet paper, and other basic goods.
What's truly amazing and even record-setting is that Venezuela should
be the richest country in Latin America with the largest oil reserves
in the world, and yet faces a shortage of gasoline of 80%.
Venezuela has 18 refineries throughout the world and six in national
territory, but many of the refineries are in disrepair, and even when
they're working, they have no oil to refine. One of the main
refineries, Amuay, is operating at just 5.4% of production capacity.
Instead, what oil is available is sent to Cuba or China. According to
one worker representative, oil is being sent to China rather than
being refined:
<QUOTE>"There was an order from Nicolás Maduro to the
Minister of Petroleum, Manuel Quevedo, to send one million barrels
of oil to China. They stopped the refineries and loaded the
barrels. It is even more the amount that they send to
Cuba."<END QUOTE>
Since the beginning of the year, Maduro has sent over 11 million
barrels of oil to Cuba. Just between June and August, Maduro sent
4.19 million barrels, worth $248 million. If I understand this
correctly, it means that Cuba is now bailing out Venezuela, just as
Venezuela used to bail out Cuba.
It's noteworthy that while both Cuba and China call themselves
Socialist countries for public relations purposed, both countries have
largely given up Socialism and have opened up their markets. For
these countries, Socialism has simply turned into a religion. That's
why these countries are able to make money, which Venezuela is not.
Reuters and Today Venezuela and Guardian (London)
****
**** Number of migrants leaving Venezuela reaches three million
****
According to the United Nations, the number of migrants fleeing
Venezuela's Socialist poverty and violance has now surpassed three
million. Of the three million, 2.3 million have left Venezuela since
2015, and the number keeps increasing, with 3,000 new arrivals into
Colombia every day.
More than one million refugees and migrants are in Colombia. Peru has
more than half a million, Ecuador over 220,000, Argentina 130,000,
Chile over 100,000 and Brazil 85,000, according to the UN.
One priest in Colombia took a swipe at America: "People go crazy over
the caravan of Central Americans entering Mexico, trying to reach the
US. That's four, five, maybe 6,000 migrants, that's how many we get
every four days."
The rate of migration has sped up in the past six months. The new
figures show that about one in 12 of the population has now left the
country, driven by violence, hyperinflation and shortages of food and
medicines. Al Jazeera and Guardian (London)
Related Articles:
KEYS: Generational Dynamics, Venezuela, Hugo Chávez, Nicolás Maduro,
International Monetary Fund, IMF,
Peru, Ecuador, Colombia, Argentina, Chile, China, Cuba
Permanent web link to this article
Receive daily World View columns by e-mail
Contribute to Generational Dynamics via PayPal
John J. Xenakis
100 Memorial Drive Apt 8-13A
Cambridge, MA 02142
Phone: 617-864-0010
E-mail: john@GenerationalDynamics.com
Web site: http://www.GenerationalDynamics.com
Forum: http://www.gdxforum.com/forum
Subscribe to World View: http://generationaldynamics.com/subscribe
This morning's key headlines from GenerationalDynamics.com
- Venezuela's refugees crisis soars, as economic disaster reaches new levels
- Number of migrants leaving Venezuela reaches three million
****
**** Venezuela's refugees crisis soars, as economic disaster reaches new levels
****
Venezuelan migrants travel aboard a truck in Tumbes, Peru, near the Ecuador border, on November 1. (AFP)
The Socialist poster child, Venezuela, is facing increasing crises, as
the country continues to crumble. Socialism has been a disaster every
time it's been tried, whether it's been abandoned, as in North Korea,
Sweden, Russia, China, Cuba, or East Germany, or where it's led to
total financial disaster, as in North Korea.
In Venezuela, the refugee crisis and the economic crisis continue to
reach fresh levels, while the overweight Socialist president, Nicolás
Maduro, who stuffs himself while his people starve to death, shows no
hint of wanting abandon the disaster.
On Thursday, Venezuela's year on year inflation rate was 833,997%.
The International Monetary Fund predicted several months ago that
Venezuela's inflation rate would reach one million percent by the end
of the year, and Maduro is on track for reaching that goal. The IMF
predicted that the inflation rate would exceed 10 million percent by
the end of 2019, and there's nothing to stop that from happening
unless Maduro is stopped.
Maduro, along with his predecessor Hugo Chávez, have implemented a
perfectly functioning Socialist economy, with nationalized industries,
price controls, a high minimum wage, and punishment for anyone making
money. As in all perfectly functioning Socialist economies, there are
shortages of food, medicines, toilet paper, and other basic goods.
What's truly amazing and even record-setting is that Venezuela should
be the richest country in Latin America with the largest oil reserves
in the world, and yet faces a shortage of gasoline of 80%.
Venezuela has 18 refineries throughout the world and six in national
territory, but many of the refineries are in disrepair, and even when
they're working, they have no oil to refine. One of the main
refineries, Amuay, is operating at just 5.4% of production capacity.
Instead, what oil is available is sent to Cuba or China. According to
one worker representative, oil is being sent to China rather than
being refined:
<QUOTE>"There was an order from Nicolás Maduro to the
Minister of Petroleum, Manuel Quevedo, to send one million barrels
of oil to China. They stopped the refineries and loaded the
barrels. It is even more the amount that they send to
Cuba."<END QUOTE>
Since the beginning of the year, Maduro has sent over 11 million
barrels of oil to Cuba. Just between June and August, Maduro sent
4.19 million barrels, worth $248 million. If I understand this
correctly, it means that Cuba is now bailing out Venezuela, just as
Venezuela used to bail out Cuba.
It's noteworthy that while both Cuba and China call themselves
Socialist countries for public relations purposed, both countries have
largely given up Socialism and have opened up their markets. For
these countries, Socialism has simply turned into a religion. That's
why these countries are able to make money, which Venezuela is not.
Reuters and Today Venezuela and Guardian (London)
****
**** Number of migrants leaving Venezuela reaches three million
****
According to the United Nations, the number of migrants fleeing
Venezuela's Socialist poverty and violance has now surpassed three
million. Of the three million, 2.3 million have left Venezuela since
2015, and the number keeps increasing, with 3,000 new arrivals into
Colombia every day.
More than one million refugees and migrants are in Colombia. Peru has
more than half a million, Ecuador over 220,000, Argentina 130,000,
Chile over 100,000 and Brazil 85,000, according to the UN.
One priest in Colombia took a swipe at America: "People go crazy over
the caravan of Central Americans entering Mexico, trying to reach the
US. That's four, five, maybe 6,000 migrants, that's how many we get
every four days."
The rate of migration has sped up in the past six months. The new
figures show that about one in 12 of the population has now left the
country, driven by violence, hyperinflation and shortages of food and
medicines. Al Jazeera and Guardian (London)
Related Articles:
- China aids Venezuela as inflation rate approaches one million percent (10-Oct-2018)
- Latin American countries open their borders to migrants from Socialist Venezuela (06-Sep-2018)
- Socialist Venezuela introduces new fantasy currency and new Socialist changes (19-Aug-2018)
- Hugo Chávez dismantled Venezuela's businesses on purpose to create Socialist Paradise (29-May-2016)
- Socialist Cuba moves to Capitalism, while Socialist Venezuela moves to self-destruction (16-Jul-2018)
KEYS: Generational Dynamics, Venezuela, Hugo Chávez, Nicolás Maduro,
International Monetary Fund, IMF,
Peru, Ecuador, Colombia, Argentina, Chile, China, Cuba
Permanent web link to this article
Receive daily World View columns by e-mail
Contribute to Generational Dynamics via PayPal
John J. Xenakis
100 Memorial Drive Apt 8-13A
Cambridge, MA 02142
Phone: 617-864-0010
E-mail: john@GenerationalDynamics.com
Web site: http://www.GenerationalDynamics.com
Forum: http://www.gdxforum.com/forum
Subscribe to World View: http://generationaldynamics.com/subscribe
