« POPE 5 Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next

Re: Venezuela's president admits economy has failed 

By: Zimbler0 in POPE 5 | Recommend this post (3)
Thu, 02 Aug 18 5:26 AM | 36 view(s)
Boardmark this board | Pope 5
Msg. 05128 of 62138
(This msg. is a reply to 05108 by ribit)

Jump:
Jump to board:
Jump to msg. #

http://www.strategypage.com/qnd/pothot/articles/20180801.aspx

August 1, 2018: Government control in Venezuelan is collapsing along with the economy and much else. This will apparently not lead to another regional war, but it is a huge and disruptive mess for Venezuela and neighboring countries. What is replacing government in Venezuela is a military dictatorship commanded by a small group of socialist politicians who have managed to maintain control over the major assets (oil production) while the rest if the economy collapses. Even with oil production increased there would still be a problem with the fact that the socialist government has destroyed the economy and President Nicolas Maduro refuses to admit that his polices caused the mess.

.....(Skip a Bunch)......

Legacy

Since Hugo Chavez gained power in 1999 Venezuela, once the wealthiest country in the region has become one of the poorest. Less than twenty percent of the population are able to obtain adequate food and other commodities. This “fortunate fifth” of the population consists largely of government loyalists or outlaws. The “fortunate fifth” could easily be two-fifths of Venezuelans were it not for the massive corruption. Several families of senior leaders (especially Maduro and his mentor Chavez) have stolen billions of dollars in state funds.

>>>

(Much was skipped during and article does continue. Zim.)




Avatar

Mad Poet Strikes Again.


- - - - -
View Replies (1) »



» You can also:
- - - - -
The above is a reply to the following message:
Venezuela's president admits economy has failed
By: ribit
in POPE 5
Thu, 02 Aug 18 1:27 AM
Msg. 05108 of 62138

Venezuela's president admits economy has failed

http://www.france24.com/en/20180731-venezuelas-president-admits-economy-has-failed

...a source near the president says that they ran out of other people's money sooner than they expected.


« POPE 5 Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next