Yikes! 
Today’s Venezuela:http://www.reuters.com/article/us-venezuela-politics-idUSKBN1761MR Crisis continues…regarding food and basic necessities. The shortages developed in what two weeks?
Sounds like anti socialist propaganda. Chavez nationalizes xom assets in Venezuela, presides over huge oil boom. Wants to help his people. Is sanctioned by the US, now we’re horizontally drilling into their shit via a deal with Guyana, and Venezuela has to pay judgements which destroy thier economy.
Sanctioned by the US, what about trade with other countries?
What do you mean? Being sanctioned by the US is pretty much an economic death sentence. Maybe they can trade some soybeans for some bananas with another country in south America, but I dont think that would do much for infrastructure of public services there.
They lost 1.6 billion just in a single case to Exxon, who’s now taking the oil anyway because they made a deal with an island off the coast and can drill horizontally to get it. Also, it can’t hurt to mention that Rex Tillerson, the then CEO of Exxon is now the secretary of state…you know…our nations lead diplomat to the world. He also presides over the emergence of Isis. Those were Exxon rigs that they were attacking in, uh…“Kurdistan”.
US media be like…“they came out of nowhere because they hate Christians!”.
We were totally stealing thier oil. Had to abandon tons of equipment and evacuate everyone on the fly.
China won’t trade with them? Russia won’t trade with them?
Do you have a link source for Tillerson and Isis?
People dont write papers about that shit. Its just a fact that he was CEO, they were drilling in northern Iraq, which no world governing body or foreign power acknowledged at the time, or even now as anything other than northern Iraq, but since the Kurds had declared it to be Kurdistan, Exxon saw fit to make a deal with some tribal types up there to buy the oil. Except it wasn’t thier oil. It belonged to Iraq. So naturally, it pissed off alot of people there. This isn’t an academic argument, or intended to be persuasive. Its just current events. Follow the feeds for the financial news of the major energy companies in the world. Its all right there to see.
If you had a ranch in Texas sitting on a pool of crude, and some foreigners set up rigs on your neighbors land, and drilled sideways under your land to get your oil, you’d be a terrorist too.
What about the other questions?
I don’t know if Russia or China will trade with them. But geography alone dictates that even if they do, its still not the best option. And even if they would, which they might, it doesn’t negate the impact of the settlements that they owe and are having to pay.
Mr R wrote:
Well no, this is what he wrote about gold…
It may surprise you that gold does not figure into my End of Australia protection strategy.
When the next crisis kicks off, there will be a massive rush for liquidity.
Most gold bugs don’t realise that the yellow metal — the traditional safe-haven in times of turmoil — will not be as safe as many assume.
In fact, it could very likely get caught up in the panic-selling. Gold is a highly-tradeable asset and, in the frenzy for cash, it will be on the auction block along with quality stocks and property.
The gold price peaked in September 2011 at US$1,920 per ounce.
Since then, it has fallen (in US dollar terms) over 35% in value.
The six-year slide has caused gold to lose its ‘charisma’. It is no longer the hot and popular investment.
The gold price has recovered some ground recently. But be warned: When the crisis comes, it will be caught up in the panic selling.
Cash will be King.
When the real crash comes, the best currencies are ammunition, medicine, and food.
Agreed.
And tobacco.
There are still some old people around who know how it is, when literally overnight all the shelves in the supermarkets are empty. A couple of months ago, the German government advised the population to store food and water for at least two weeks in case of an oncoming war or (other) catastrophy, so I suppose it isn’t entirely delusional to expect something like this. I actually bought some tinned food, rice, water, vitamin tablets and tobacco (as a currency), which would last for me and my family for about four weeks. Of course, nobody knows what will really happen when it comes to such an extreme situation, but storing some essential supplies doesn’t hurt anybody and is the least one can do.
Remember Russian people waiting in lines for bread? More capitalist driven propaganda, just from another era.
What’s sad is that the media outlets cannot be trusted to report reality, so who on the outside really knows what’s going on in Venezuela?
Earnings reports from corporations are generally more accurate than the politically biased news channels. Fox says this, msnbc, says that. First rule of ethics, follow the money. It’s not hard to find out how much an oil compamy is making. Its all public information, just not of interest to most people. There’s a reason why they don’t teach finance to kids in public schools.
Like when gas prices at the pump in the US hit all time highs, right before we started scorching the earth in the middle east. Then the next quarter, xom posted the largest quarterly profit in the history of the stock market. So was it the terrorists raising the price of oil? Or American speculators? All it takes is a bit of common sense, which I guess is the biggest oxymoron ever.