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Protesters in Caracas, Venezuela

COGwriter

Problems continue in Venezuela:

Venezuela’s Maduro Admits Socialist Model Has Failed

August 2, 2018

Venezuela’s President Nicolas Maduro admitted that his socialist economic model has “failed” amid food and medicine shortages as well as a failing infrastructure highlighted by Tuesday’s power failure to 80% of Caracas.

Compounding matters is the IMF’s Weimar-topping hyperinflation forecast of 1,000,000% by year end, and a GDP set to plummet 18% this year, as the government continues to simply print money to in hopes of filling the void of what was once the country’s economy.

“The production models we’ve tried so far have failed and the responsibility is ours, mine and yours,” Maduro told his ruling PSUV party congress. “Enough with the whining… we need to produce with or without (outside) aggression, with or without blockades, we need to make Venezuela an economic power.”

“No more whining, I want solutions comrades!”

No word on whether he took a bite of an empanada during his speech while his country starves on the “Maduro diet” – a phrase coined after Venezuela’s notorious food shortages gave rise to mass starvation across the country. Not even the donkeys are safe.  …

Venezuela’s industrial sector is operating at just 30% capacity, as illustrated by the farming sector, which now provides just a quarter of national consumption, after providing 75% just a few years ago according to the National Farmers Federation.

This should all make for some interesting debate questions during the next US elections, as Democratic Socialists have become the “new face” of the left. Just don’t ask any questions about economics or logistics… https://www.zerohedge.com/news/2018-08-01/venezuelas-maduro-admits-socialism-has-failed

Maduro said he will no longer blame the U.S. for his country’s problems.

“Enough of whining,” Maduro said. “You will not see me whining to myself. I do not blame them anymore. You do not see me whining in front of imperialism. Let them attacks us. It is up to us whether to act with aggression or without aggression.”

Venezuela’s economic decline began under former President Hugo Chavez. A country that was once overflowing with revenue from its state-run oil production saw those revenues sharply decline in the past decade as U.S. production increased and global prices fell.

Under Maduro, the crisis worsened. His government has nationalized cement and steel production and taken over operation of private businesses such as supermarket chains and others that provide basic services to its citizens.

But oil revenues still account for 96 percent of the country’s revenues, so as government fails to collect an adequate amount of money from its oil business, it has failed to provide an adequate amount of services for its citizens.

Due to hyperinflation — the International Monetary Fund estimates Venezuela’s inflation rate will reach 1 million percent this year — food shortages and high prices, 93 percent of the population does not earn enough to buy food, according to a 2017 study conducted in Venezuela. Venezuelans have lost, on average, 20 pounds since the country’s humanitarian crisis began in 2015.

Almost 1 million Venezuelans have fled hunger and repression by migrating to neighboring Colombia over the past two years. Another roughly 50,000 sought asylum in the United States. Roughly 800 Venezuelan refugees cross the border into Brazil every day. https://www.westernjournal.com/ct/venezuelan-president-finally-admits-that-socialism-is-broken-economy-is-destroyed/

Venezuela’s inflation rate is the highest ever recorded–it even exceeded that of pre-WWII Germany.

Yet, in the USA, we have seen a rise in people called “Democratic socialists.”

The problems in Venezuela have been known for some time:

Venezuela is a woeful reminder that no country is so rich that it can’t be driven into the ground by revolutionary socialism.

People are now literally starving — about three-quarters of the population lost weight last year — in what once was the fourth-richest country in the world on a per-capita basis. A country that has more oil reserves than Saudi Arabia is suffering shortages of basic supplies. Venezuela now totters on the brink of bankruptcy and civil war, in the national catastrophe known as the Bolivarian Revolution. …

Runaway spending, price controls, nationalization of companies, corruption and the end of the rule of law — it’s been a master class in how to destroy an economy.

The result is a sharp, yearslong recession, runaway inflation and unsustainable debt. The suffering of ordinary people is staggering, while the thieves and killers who are Chavista officials have made off with hundreds of billions of dollars. At this rate — The Economist calls the country’s economic decline “the steepest in modern Latin American history” — there will be nothing left to steal.

Any government in a democratic country that failed this spectacularly would have been relegated to the dustbin of history long ago. Maduro is getting around this problem by ending Venezuela’s democracy. …

The goal of Maduro’s alleged constitutional reforms is to no longer have a constitution worthy of the name. Immediately after the vote, his forces arrested two leading opposition figures in the dead of night. Video shows one of them, Antonio Ledezma, being taken away in his pajamas and another, Leopoldo López, bundled into the back of a car.

It looks like what it truly was — a pair of kidnappings.

Denied the ordinary means of dissent via the press and elections, the opposition has taken to the streets. Already more than 100 people have been killed in clashes over the past several months.

Worse is yet to come. 08/01/17 http://nypost.com/2017/08/01/venezuela-a-nation-devoured-by-socialism/

Venezuela is crumbling and with it, the left’s idea of a perfect socialist system. Yet … Nicolás Maduro, refuses to realize this obvious fact and instead, has resorted to political violence to silence his opposition. As the economy crumbles, the future of the oil industry Venezuela once relied on has been called into question. The devastation in Venezuela has grown from a political crisis to both an economic and humanitarian one.

During a vote last month, the Venezuelan people were asked to select, from a trusted list of allies in the governing party, a group to rewrite the nation’s constitution and maintain power in Venezuela until their work is finished. This would give Maduro and his ruling party the authority to dissolve branches of government such as the legislature, which is currently controlled by Maduro’s opposition party.

Voters were not given the ability to reject the plan, simply decide who they wanted on the council. The list was so corrupt it included Maduro’s own wife. While Maduro boosted high voter turnout, the election results have already been called into question.

Opposition spokesman Vicente Bello, criticized the lack of voter protection practices, such as the fact that voters were not asked to give proper identification. Voters were only allowed to cast ballots in any of three different locations.

Even a software company involved in setting up voting systems announced the turnout figure had been altered by at least one million votes.

While Venezuela is clearly operating under an illegitimate democracy, the situation only gets worse as Maduro responds to opposition with force.

Following the election, two opposition leaders under house arrest, Antonio Ledezma and Leopoldo López, posted videos to YouTube urging Venezuelans to protest the election results and called the newly formed council a fraud. Within days, both individuals were imprisoned for making political statements.

The Trump administration has quickly imposed additional sanctions on President Maduro as a result. Trump hopes this encourages the release of all political prisoners held there.

But these two are not the only Venezuelans suffering.

James Kirchick explained in the LA Times that, “Socialist economic policies — price controls, factory nationalizations, government takeovers of food distribution and the like — have real human costs. Eighty percent of Venezuelan bakeries don’t have flour. Eleven percent of children under 5 are malnourished, infant mortality has increased by 30 percent and maternal mortality is up 66 percent. More than 100 people have died in anti-government demonstrations and thousands have been arrested.”

Economically, Venezuela cannot support its own people. Years of big government socialist policies have led to media crack downs, over printing of money, and a war on capitalism that the country can simply not win. 08/03/17 http://www.hngnews.com/sun_prairie_star/opinion/columns/article_008196f4-7850-11e7-8613-8b6c41f5a0bd.html

Venezuela has continued to fall apart, and this has become more and more noticeable to many this year.

Venezuela’s oil wealth and geographic location had the potential for it to be one of the most prosperous countries in Latin America. Despite the drop in oil prices, it still should be.

However, various government policies have not served the people well.

And now, government leaders are taking desperate measures to keep power.

Eventually, Venezuela will one day align with the Beast power that will arise in Europe. That, too, will not be good.

Venezuela, and the rest of the world, needs the Kingdom of God for the coming utopia (watch also Millennial Utopia).

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This entry was posted on Thursday, August 2nd, 2018 at 3:00 pm and is filed under Prophecy.

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