Fausta:
Venezuela has the largest proven oil reserves.
Venezuela’s gold deposits, if proven, may be second only to Australia’s.
Both industries are owned by the government.
Venezuela is broke.
Yahoo: "Henrique Capriles spoke as the opposition-controlled congress prepared to debate the sweeping measures ordered by President Nicolas Maduro. ..."It is up to us... to ignore this decree."
That stance is likely to pit the congress not only against the presidency, but also the Supreme Court, which has final say over the legality of the measures.
Many of the Supreme Court judges were appointed during the reign of Maduro's late predecessor, Hugo Chavez, and are seen as loyal to the government.
The decree establishing the state of emergency came into force for 60 days on Monday, after Maduro announced it last week.
Its first big test will come on Wednesday when opposition-led marches are to take place nationwide demanding electoral officials validate a referendum to oust Maduro.
Similar marches last week were met by riot police and tear gas.
"If Maduro wants to apply this decree he will have to bring out the warplanes and the tanks into the street, because he will have to apply it through force," Capriles told a news conference.
The decree, he said, was a "barbarity -- Maduro wants to put himself above the constitution, and he isn't."
Venezuela is facing hyperinflation, food and electricity shortages that are sharpening public anger against the unpopular Maduro.
But the president, who controls the levers of power, has rejected all blame for his country's plight." ........................
Of course he does. He's a Socialist. That's what failed Socialist presidents do. Don't ask me how I know.
The only thing our failed Socialist president (and there are no other kind) has done successfully is to prop up other failed socialists, such as the Gulag Brothers, Fidel and Raoul.
Fausta again: The failed 21st Century Socialism Carnival of Latin America and the Caribbean
But the president, who controls the levers of power, has rejected all blame for his country's plight." ........................
Of course he does. He's a Socialist. That's what failed Socialist presidents do. Don't ask me how I know.
The only thing our failed Socialist president (and there are no other kind) has done successfully is to prop up other failed socialists, such as the Gulag Brothers, Fidel and Raoul.
Fausta again: The failed 21st Century Socialism Carnival of Latin America and the Caribbean
Hugo Chávez “died without having to experience the tragedy of his legacy.” The country descends into chaos.
Chávez’s {Socialist} buddies Dilma and Cristina are not doing well, either:
In Brazil, Dilma Rousseff was suspended from office as the Senate voted to start her impeachment trial
The Telegraph: "Colombia's attorney general's office is investigating five top leaders from the country's ELN guerrilla group for nearly 16,000 war crimes and crimes against humanity, the office said on Wednesday. ...
Inspired by Cuba's 1959 revolution, the ELN has battled a dozen Colombian governments since it was founded by radical Catholic priests in 1964. The group frequently bombs pipelines and other installations related to Colombia's oil industry."
Tim Worstall: Congratulations To Bolivarian Socialism: At Least Venezuela Hasn't Run Out Of Tear Gas Yet "Bolivarian socialism is quite obviously the worst economic policy anyone has tried to impose on a country since Robert Mugabe decided to take Zimbabwe back to the Stone Age." ........................
My Own Personal Caveman, Ronald Reagan at CPAC in March 1975:
"Shorn of all side issues and extraneous matter, the problem underlying all others is the worldwide contest for the hearts and minds of mankind. Do we find the answers to human misery in freedom as it is known, or do we sink into the deadly dullness of the Socialist ant heap?
Those who suggest that the latter is some kind of solution are, I think, open to challenge. Let’s have no more theorizing when actual comparison is possible. There is in the world a great nation [the Soviet Union], larger than ours in territory and populated with 250 million capable people. It is rich in resources and has had more than 50 uninterrupted years to practice socialism without opposition.
We could match them, but it would take a little doing on our part. We’d have to cut our paychecks back by 75 percent; move 60 million workers back to the farm; abandon two-thirds of our steel-making capacity; destroy 40 million television sets; tear up 14 of every 15 miles of highway; junk 19 of every 20 automobiles; tear up two-thirds of our railroad track; knock down 70 percent of our houses; and rip out nine out of every 10 telephones. Then, all we have to do is find a capitalist country to sell us wheat on credit to keep us from starving! ...
Let our banner proclaim our belief in a free market as the greatest provider for the people. Let us also call for an end to the nit-picking, the harassment and over-regulation of business and industry which restricts expansion and our ability to compete in world markets.
Let us explore ways to ward off socialism, not by increasing government’s coercive power, but by increasing participation by the people in the ownership of our industrial machine."
Don't Covet, Own It!
Chávez’s {Socialist} buddies Dilma and Cristina are not doing well, either:
In Brazil, Dilma Rousseff was suspended from office as the Senate voted to start her impeachment trial
on charges that she illegally moved money between state-controlled entities to make her government’s budget deficit appear smaller than it really wasThe following day in Argentina, former President Cristina Fernández de Kirchner and other officials were indicted on charges fraud and of manipulating the nation’s Central Bank during the final months of her administration. Losing billions sure does not help." ........................
The Telegraph: "Colombia's attorney general's office is investigating five top leaders from the country's ELN guerrilla group for nearly 16,000 war crimes and crimes against humanity, the office said on Wednesday. ...
Inspired by Cuba's 1959 revolution, the ELN has battled a dozen Colombian governments since it was founded by radical Catholic priests in 1964. The group frequently bombs pipelines and other installations related to Colombia's oil industry."
Tim Worstall: Congratulations To Bolivarian Socialism: At Least Venezuela Hasn't Run Out Of Tear Gas Yet "Bolivarian socialism is quite obviously the worst economic policy anyone has tried to impose on a country since Robert Mugabe decided to take Zimbabwe back to the Stone Age." ........................
My Own Personal Caveman, Ronald Reagan at CPAC in March 1975:
"Shorn of all side issues and extraneous matter, the problem underlying all others is the worldwide contest for the hearts and minds of mankind. Do we find the answers to human misery in freedom as it is known, or do we sink into the deadly dullness of the Socialist ant heap?
Those who suggest that the latter is some kind of solution are, I think, open to challenge. Let’s have no more theorizing when actual comparison is possible. There is in the world a great nation [the Soviet Union], larger than ours in territory and populated with 250 million capable people. It is rich in resources and has had more than 50 uninterrupted years to practice socialism without opposition.
We could match them, but it would take a little doing on our part. We’d have to cut our paychecks back by 75 percent; move 60 million workers back to the farm; abandon two-thirds of our steel-making capacity; destroy 40 million television sets; tear up 14 of every 15 miles of highway; junk 19 of every 20 automobiles; tear up two-thirds of our railroad track; knock down 70 percent of our houses; and rip out nine out of every 10 telephones. Then, all we have to do is find a capitalist country to sell us wheat on credit to keep us from starving! ...
Let our banner proclaim our belief in a free market as the greatest provider for the people. Let us also call for an end to the nit-picking, the harassment and over-regulation of business and industry which restricts expansion and our ability to compete in world markets.
Let us explore ways to ward off socialism, not by increasing government’s coercive power, but by increasing participation by the people in the ownership of our industrial machine."
Don't Covet, Own It!
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