VKurtB Posted July 20, 2022 Share Posted July 20, 2022 On 7/20/2022 at 3:22 PM, World Colonial said: You mean like in Venezuela? That's been a huge "success", crushing living standards or driving the population into poverty. I've also read reports the US is trying to get Venezuelan oil to market. So apparently, supporting "democracy" was vital then but can be ditched now, as I haven't heard that Maduro is out. Maduro? Cigars? Where? Okay, I’ve calmed down now. Link to comment Share on other sites More sharing options...
GoldFinger1969 Posted July 20, 2022 Share Posted July 20, 2022 (edited) On 7/20/2022 at 4:22 PM, World Colonial said: You mean like in Venezuela? That's been a huge "success", crushing living standards or driving the population into poverty. When I went to FUN 2020, all the Venezuelans I met blamed Hugo and Madero. Venezuelans aren't stupid....they know they should be among the richest countries in the Western Hemisphere and they're at the bottom instead because of Chavez/Maduro, not U.S. sanctions. On 7/20/2022 at 4:22 PM, World Colonial said: I've also read reports the US is trying to get Venezuelan oil to market. So apparently, supporting "democracy" was vital then but can be ditched now, as I haven't heard that Maduro is out. Funds would be held in trust to buy Venezuelan people necessities, whereas Maduro wants to buy arms for Columbian and other South American leftists. Only the U.S. can process the heavy sulfur crude that Venezuela produces. Venezuela should be producing about 6 MM bbl./day....instead, they are are at best 1 MM/bbl.day. The country has lost close to $1 trillion dollars in oil revenue thanks to those Socialist clowns. Edited July 20, 2022 by GoldFinger1969 Link to comment Share on other sites More sharing options...
World Colonial Posted July 20, 2022 Share Posted July 20, 2022 On 7/20/2022 at 4:49 PM, GoldFinger1969 said: When I went to FUN 2020, all the Venezuelans I met blamed Hugo and Madero. Venezuelans aren't stupid....they know they should be among the richest countries in the Western Hemisphere and they're at the bottom instead. I didn't say either were exemplary leaders. I especially think Hugo Chavez was awful. I don't know whether most Venezuelans agree with US policy toward their country or not. Somehow, I don't believe those you spoke to, being more affluent and presumably not even living there anymore, are representative of opinion in that country. Whatever way you want to look at it, the sanctions failed to achieve the USG's publicly stated objective (driving both of them out) and made the lives of most Venezuelans worse. The sanctions were and to the extent still in place are a failure. On 7/20/2022 at 4:49 PM, GoldFinger1969 said: Funds would be held in trust to buy Venezuelan people necessities, whereas Maduro wants to buy arms for Columbian and other South American leftists. Only the U.S. can process the heavy sulfur crude that Venezuela produces. Well, can't say I agree with Maduro's stated agenda (assuming it's accurate) but don't see it as any business of the US either. On 7/20/2022 at 4:49 PM, GoldFinger1969 said: Venezuela should be producing about 6 MM bbl./day....instead, they are are at best 1 MM/bbl.day. Oil is the primary reason I believe the US cares what happens in Venezuela. On 7/20/2022 at 4:49 PM, GoldFinger1969 said: The country has lost close to $1 trillion dollars in oil revenue thanks to those Socialist clowns. Yes, socialism is a disaster. Most South Americans love some form of it, overwhelmingly populists from everything I have seen and read. Seems to be ingrained in their culture. Regardless, it's still no business of the USG or any American. Link to comment Share on other sites More sharing options...
zadok Posted July 20, 2022 Share Posted July 20, 2022 ...the Monroe Doctrine comes to mind though...if Genghis Khan was president he'd fix that problem in short order.... Link to comment Share on other sites More sharing options...
GoldFinger1969 Posted July 23, 2022 Share Posted July 23, 2022 On 7/20/2022 at 7:47 PM, zadok said: ...the Monroe Doctrine comes to mind though...if Genghis Khan was president he'd fix that problem in short order.... Gengis Khan vs. James Monroe in a steel-cage match......somebody call WWE and book it !!! Link to comment Share on other sites More sharing options...
Henri Charriere Posted July 23, 2022 Author Share Posted July 23, 2022 @zadok: in all fairness, this is but one in a number of economic sanctions either already proposed or imposed. (The other part of it was the E.U.'s commitment to reimburse all countries for the costs incurred in sending Ukraine advanced weaponry. Any assets seized (which have cleverly been concealed by trusted long-time Oligarchs were to be used to rebuild Ukraine). I am glad to know my parents didn't live long enough to see or hear of this. Link to comment Share on other sites More sharing options...
GoldFinger1969 Posted July 25, 2022 Share Posted July 25, 2022 Newmont Mining getting blasted as the cost of gold mining continues to rise. Cash and total costs are on the rise, and after a decade-plus of shareholder destruction on gold-plated (no pun intended) large CAPX projects that did nothing for their share prices, expect investors to balk and more going forward. Bullish for gold and price support long-term. https://news.yahoo.com/newmont-reports-earnings-miss-amid-134335505.html Henri Charriere 1 Link to comment Share on other sites More sharing options...
