PILOT SPIN
Spin Zone => Spin Zone => Topic started by: LevelWing on May 14, 2016, 09:23:04 AM
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Here are three articles that are currently posted on Drudge Report discussing the impending collapse of the Venezuelan economy. The articles describe the current shortage of food and basic items, looting and protests. Protestors are demanding that Nicolas Maduro allow a recall election. Venezuela has more oil than Saudi Arabia and yet is collapsing. It's a socialist country and this is what it looks like. If progressives get their way, we would be headed down that path. It wouldn't happen immediately, but it would happen over time through the social programs they want to implement (and already are with all of the various entitlements, ACA, etc.).
The United States is increasingly concerned about the potential for an economic and political meltdown in Venezuela, spurred by fears of a debt default, growing street protests and deterioration of its oil sector, U.S. intelligence officials said on Friday.
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They said one “plausible” scenario would be that Maduro’s own party or powerful political figures would force him out and would not rule out the possibility of a military coup. Still, they said there was no evidence of any active plotting or that he had lost support from the country’s generals.
http://www.reuters.com/article/us-venezuela-usa-idUSKCN0Y42MT
http://www.infowars.com/scenes-from-the-venezuela-apocalypse-countless-wounded-after-5000-loot-supermarket-looking-for-food/
http://www.independent.co.uk/news/world/americas/venezuela-accuses-us-of-plotting-coup-as-washington-warns-of-imminent-collapse-a7029386.html
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Worker's Paradise.
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Our progressives are so much smarter and know how to do it. ::)
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Our progressives are so much smarter and know how to do it. ::)
Progressives always fall back on the lie that, "the RIGHT socialists haven't done it yet."
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The Bern will bring us Democratic Socialism, at least that's what my son tells me. I guess the epitome of two wolves and sheep deciding what's for dinner. ;)
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Don't they teach how and why this country was formed anymore?
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Don't they teach how and why this country was formed anymore?
To kill the native Americans. Duh. :rolleyes:
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To kill the native Americans. Duh. :rolleyes:
And steal their property.
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Why this is being kept quiet by the mainstream media is to help bolster their support for such systems. It's a sad commentary that this news isn't on damn near every broadcast.
If it is, I've missed it as most of my news comes from this site ;)
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Why this is being kept quiet by the mainstream media is to help bolster their support for such systems. It's a sad commentary that this news isn't on damn near every broadcast.
If it is, I've missed it as most of my news comes from this site ;)
maybe it's a good thing... think about the impact on the stock market (investors are absolutely bat-s*** crazy about what things make them bail on stocks)
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Why this is being kept quiet by the mainstream media is to help bolster their support for such systems. It's a sad commentary that this news isn't on damn near every broadcast.
If it is, I've missed it as most of my news comes from this site ;)
It doesn't fit their rainbow, and unicorn socialist agenda.
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maybe it's a good thing... think about the impact on the stock market (investors are absolutely bat-s*** crazy about what things make them bail on stocks)
That's an excellent point but my take on the mainstream media is that there is little care about such things like the stock market. Investors such as ourselves are more long term (unless retirement is imminent) but I can definitely see this for the brokerage houses.
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Don't they teach how and why this country was formed anymore?
Sure. The how is by armed revolution. Socialists are OK with this method too if they have to. The why is for individual freedoms. They are more for individual equality. They see our past as the old way and the socialist ideal as the way forward. You know, change with the changing times. You and I disagree with it, but that's how they see it.
It's one conclusion to populist beliefs started by the American Revolution. With the dawning of the United States, it quickly became all about the common individual and not high born aristocracy world wide. While everyone seemed to like the individual freedoms that came with the new US constitution, others became disillusioned by the fact that there were still the powerful haves and the pathetic have nots. Socialism is an evolutionary step designed to correct this gap in status.
However, in it's purest form, communism, it doesn't work very well and most people don't really care for it. So now we see two different approaches being utilized in the world to modify socialism. One is the western European approach where the democratically elected government is socialist leaning and has control over basic public services and has policies to try to narrow the income gap. The other is the Eastern Asian communist / capitalist mash up where the government still controls everything, but they allow the ordinary citizen to start enterprises and make profits. This approach is widening the income gap in those places.
A large portion of the American citizenry would like to see us move to becoming the Western European model of socialist leaning strong central government. For the record, I personally do not want this future for America. So yes, they still teach the how and why of the founding of our country, just as the Europeans still teach about the kings and queens of yore, but just because you know something of the past, doesn't mean things can't be changed.
Just providing a little perspective. Like it or not, half the country is not satisfied with the way things were and want to change it. Just a reality and IMO it's good to understand their thinking.
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And steal their property.
Maybe. That was in fact the net result.
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Just providing a little perspective. Like it or not, half the country is not satisfied with the way things were and want to change it. Just a reality and IMO it's good to understand their thinking.
Those who want the change either didn't take into account what kind of change they wanted or didn't realize the long term impacts of the change they got.
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That's an excellent point but my take on the mainstream media is that there is little care about such things like the stock market. Investors such as ourselves are more long term (unless retirement is imminent) but I can definitely see this for the brokerage houses.
I'm not sure how in the world you can claim this?? There are whole networks devoted to nothing but investing and the stock market. Every newspaper and now website in the country has a financial section. On both AM and FM radio they regularly report what is going on on Wall Street everyday, several times a day.
The MSN will report on Venezuela when there actually is a collapse. What is the point in reporting that there is maybe sort of, might be a collapse?
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Those who want the change either didn't take into account what kind of change they wanted or didn't realize the long term impacts of the change they got.
This is likely true. Change often has unintended consequences.
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I'm not sure how in the world you can claim this?? There are whole networks devoted to nothing but investing and the stock market. Every newspaper and now website in the country has a financial section. On both AM and FM radio they regularly report what is going on on Wall Street everyday, several times a day.
The MSN will report on Venezuela when there actually is a collapse. What is the point in reporting that there is maybe sort of, might be a collapse?
Please note my comments were relegated to the mainstream media aka ABC, CBS and NBC not to include their cable outlets.
The point of discussing the potential collapse now is so folks can understand the nature of the collapse once it occurs. Knowledge reins supreme.
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The MSN will report on Venezuela when there actually is a collapse. What is the point in reporting that there is maybe sort of, might be a collapse?
Because investors move on the likelihood of news, not just the actual news. You'll find that the market starts pricing in news long before the news is mainstream. I believe in most cases this is due to just being smart and having a good sense of how markets are going to react. If some investors believe that Venezuela is going to collapse in the future then their lessened demand will help drive market prices down (because price is a function of demand compared to supply). If more investors believe it, then the prices will go down more. By the time the news comes out that it actually does collapse some percentage of the price drop is already baked into the market and that is based solely on the pessimists.
I think it's important to remember that every time a stock is bought or sold, the seller believes it will be worth less in the future and the buyer believes it will be worth more. With every trade, one of them is wrong and one is right.