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RE: Venezuela Observatory: Venezuelan debt. vs US debt.
Come on.
- Venezuela's GDP has been going down for 5 straight years. Mainly caused by oil prices going down. But think about it: If you have 5 years of high oil prices (2007-2012), how come did you get in deep debt? How can you get broke suddenly? Didn't you save some money? How has GDP rates have been performing in the US? I believe Trump wants to beat the +4% each year.
- Corruption cases in the state owned PDVSA and Odebrecht scandal made the country lose 80 BILLION USD, about 60% of current national debt, so I think that adds facts to point #2 of @malloryblythe about how money is managed by the government. And this can be an answer to the first point above. Don't know how US is in that subject.
- And again: You have to look at the GDP to find the answer. If your GDP is going down, it's because you are producing less. If you imprison your strategic partners just because they did not agree to participate in corruption schemes, then you shy away potential investors, then money stops pouring in, you can't invest in oil production, and the country's economy keeps crumbling. I believe this US administration is looking for ways to bring enterprises back to the US, and they changed the tax code to stimulate that.
So thinking that Venezuela is just a geopolitical issue that can be compared to US deb/deficit problem is nonsense. US is putting pressure to get a political change here. I accept that. But that's not the cause of the problem. It's the consequence of years of mismanagement, corruption and human rights violation for 20 years of the Chavez/Maduro regime.
Thanks for your comment @metalmag25.
From the little news that reached Europe I understand that the oil production is far less then previous years.
A lot of the bad propaganda is fuelled by CNN 'reports' I have seen a Chavez documentary that Chavez actually did a lot of positives. I really don't trust US based mainstream media. Yet there is so little usefull news available regarding Venezuela that this topic seemed the only way to get a discussion started.
GDP is indeed an important factor BUT again, where do we find REAL GDP figures? (REAL as in NOT manipulated by CNN, not cooked by a corrupt government, but from an independent and reliable source)
https://tradingeconomics.com/venezuela/gdp i came accross that site before but as it one of the first links that searchengines spit out i'm nof going to let myself be spoon fed with whatever wins in the SEO battle.
As i know how SEO wizards play the engines to get their version of the world pushed to the masses.
Corruption of the gov is indeed a big problem but how do we fact check the figures
How did Chavez manage to boost the economy and what factors are now at play besides the state of the oil reserves.
The problem for me here in Europe is the lack of trustworthy news. So i have to start somewhere. I'm not a journalist, I'm just a regular guy who is disappointed that so many people suffer while rich people are filling their pockets. And now I need a quick way to get up to date, as many other people who are NOT receiving reliable reports.
So it would be good to find a real journalist who is able to present real facts about the situation in Venezuela.
And i hope to collect a fair amount of upvotes and resteems to make a difference to one person.
It is a long shot, but it is at least doing something and from there we can see what works and how to scale it up.
Thank you for getting this the right direction, please forgive me for being sceptic, the situation in the USA just made us all clear how bad and biassed CNN and other mainstream news outlets are.
BTW, i'm going to pull a new project of news aggregation of Venezuela in The upcoming days, pretty much like @newsagg. I'll give you guys a shout when is out!
Thank you!
GDP Figures are actually reported by central banks. Even the government accepts this, but blames this to the "lack of income due to the fall of oil prices and an economic war from the us against them".
Money lost by corruption has also being reported by government agencies that are looking to catch white collar criminals. Independient venezuelan journalists have vast reports of this, but in spanish. I could name a few independent sources for you to check:
www.armando.info
www.elestimulo.com
www.runrun.es
Twitter.com/albertorodnews
Twitter.com/alekboyd
The problem about Chavez is that he did "good" at the expense of part of Venezuela population. He used Venezuela's income to push social programs that were a mask to corruption from his military allies. That started from the 2000s, with the "Bolívar 2000" plan (And this is me telling and living the Story). Now, they (the military) have The control of the oil and mining industry. That you can find it everywhere.
Thanks a lot for this information.
I hope a few spanish speaking steemit journalists can tell the story in English, so that the rest of the world has better information to work with. I'm skimming trough news sources in my country, and it merely scratches the surface, enough to discourage investors to put money in Venezuelan companies.
Back to Chavez, was Chavez aware or part of the Military corruption?
And now Maduro what is he up against?
There is less oil produced, right?
He needs to pull the country out of the crisis.
Food, water and basic hygiene need to be back under control.
He needs to fight white collar corruption.
And then there is the USA who wants money, and who also wants to get a foot in the door (as always...)
Who needs OUR help most right now?
How do we reach those people?
Can they reach us?
What risks are involved in helping people, how do we prevent that people get hurt?
You probably can't answer all of my questions, or maybe even prefer not to answer. and that all fine.
I just put the questions out there and hope that someone has a go at it.
What is a wise approach to this situation?
Looking forward to more insight in the GDP.
Lots of questions, needs a long discussion about it.
There was a discussion about how steemians could help us just a few days ago in the PAL Discord server. And I wrote a post about a complaint i had about it. The ways to help people here in Venezuela are being discussed about how to help people in need, and how to change the economic landscape with the use of STEEM/SBD as liquid currency in our daily life. That's achievable, of course. But, the main problem here is political, not economic. Every policy decision made by the government affects us directly in our pockets. Then, any economic strategy could backfire for us because of government intervention. So, I complained about us Venezuelan steemians not being clear enough about telling you guys out there the main reasons of the crisis here.
Just checked the GDP report from the Central Bank of Venezuela.
http://www.bcv.org.ve/estadisticas/producto-interno-bruto
It has not been updated since 2014, but it clearly shows the decline of 2013-2014. You could compare it to the rates shown by https://tradingeconomics.com/venezuela/gdp on those years to look for accurate info.
I asked a lot of questions so that others can get an idea how little I, or we, know about Venezuela.
And how important it is to get real information even it it is not written by professional journalists.
So the questions are not directly to you but to anyone who can provide an answer.
people who can write about this can get upvotes if the write good articles.
Yet we also need to figure out the risk involved. We try to help, but the situation is bad enough to really consider how to keep people safe as well.
bcv,org.ve appears to be blocked for me. Server not found.
I'm trying to find if there is data available fron the ABC islands Aruba Bonaire Curacao and also Suriname. As those where Dutch colonies and i may eventually find news from these neighbouring countries in my own language, to get an idea how they perceive the situation in Venezuela
Well, I just launched @primeraplana, my Venezuela news aggregation project. I hope you can use it as a resource to look for information about the situation in Venezuela.
WOW, Thank you @metalmag25,
I'll make a post-promotion section for Venezuela related posts.
bcv.org.ve appears to be blocked for me. Server not found.
I'm trying to find if there is data available fron the ABC islands Aruba Bonaire Curacaoand also Suriname As those where Dutch colonies and i may eventually find usefull reports from the region and in my own language with a bit of luck
https://discord.gg/UGBF6s this is our discord channel.