It’s worth what I tell you it’s worth

Our currency is based on the strength of my dictatorship…and the gun I hold to your head, Running-Dog Capitalist Pig!^*

14 Replies to “It’s worth what I tell you it’s worth”

In a self righteous rage against President Bush. Was induced by Bush derangement syndrome in a Paul McCartney issued a statement on Monday, apologizing to the progressive artistic community for his “pro-American lyrics and compulsive right-wing behavior” in the days immediately following the 9/11 attacks in New York City…
This is how I would have written it.RD
Who knew McCartney has become a Truther?
To much time alone in his drafty Castle me thinks.
JMO
This has what to do with Chavez, Revnant? On topic, please.

Venezuela is a living economics lesson on why socialism doesn’t work.
I eagerly anticipate the excuses that socialists will conjure up on why their latest blood-soaked experiment in social engineering didn’t work this time, but why it will the next.

Socialism is a mental disease.
Why is it that these people just cannot see that their policies do so much harm?
Chavez will go down in infamy for destroying Venezuela.

Honey, I shrunk the interwebs.
(You’ve got a greedy SUP tag opening right after the phrase ‘running-dog capitalist pig’ and consuming all in its path.)
Thanks.

Oz, agreed and whats more, how can Joe and Mary Citizen get sucked into believing that this evil, misguided and unworkable economical system will help them when it does nothing but enslave them and make them even poorer.

Investing advice for today, buy lead, copper and zinc. Senor Chaves will be buying mucho mucho of these metals to make ammo for firing squads, sure to be a tidy price increase.

He better buy the bulldozers now.

Obama might want to make this guy Treasury Secretary.

Hugo has a mob and noose in his future.

Why can’t people eject a tyrant when they see one?

Miguel at “the devil’s excrement” dot com, has spoken a fair bit regarding what is set to happen with the Venezuelan Bolivar, of Señor Chavez and his need to control, nothing in his near (1 year forward) future is looking good, the country is almost out of money, and nearing the limits of current natural gas production, which they use to fuel their oil production facilities and electrical production while they allow their formerly great Guri Dam to fall into disrepair, it now generates about 50% of potential electrical generation as half of the turbines are not usable.
I think he’s counting on a worldwide crisis coming our way soon… here’s a link to that sort of thinking,
http://caracasgringo.wordpress.com/2010/06/03/oil-at-200-or-higher/
The Phantom, when Chavez bought the license to build AK-47’s … I believe he bought the right to produce ammunition as well, by coincidence he decided to build the same caliber AK-47 as what the FARC terrorists were using in neighboring Colombia. These have been distributed to his “Bolivarian Circles” groups, united in their stand to defend the revolution ect, ect… I don’t think the Venezuelan army will fire on their own people, the Cubans will though, and they hold many key positions in the military now.
(more and more of these metals = cada vez más de estos metales)
http://www.strategypage.com/htmw/htweap/20081026.aspx
Señor Chavez has tried his best (worst?) to control the currency exchange through making it illegal to publicize the currency exchange rate and putting the squeeze on banks foreign reserves, all the while restricting the importation of required foreign grown and produced goods. It is a fair ways to go in order to make an entire country dependent on the government. Today the real exchange rate was listed (outside of the country) at 9.46 for American Dollars and 11.43 for Euros. That’s getting to be quite distant from the officially decreed rate of 4.6 / dollar for preferred customers and 2.3 for the rest of the folks.
One of the perhaps overlooked reasons for his need to control the currency rate, is that he is spending too much on military purchases and doesn’t want to continue to fight the spread between what he says his currency is worth, and what the importers say it’s worth, it had been costing him many millions each day, and the reward was strictly going to the importers, the group of which he hates with a passion unhinged. Now that he is trying a different means of controlling the exchange rate, the shortages will snowball, just prior to the legislative elections in the fall… There’s no way around this, importers will not subsidize the supporters of Chavez.

I am an Alberta petroleum engineer working down under, and have been watching this socialist garbage for a while. It’s been quite entertaining and enlightening, in that the Aussie gov’t has used almost exactly the same words as Fast Shuffle Ed.
“The mining companies are taking the people’s money out of the country”. “Obscene profits”. “The resources belong to all people, not only the mining companies”.
It is interesting to note that Mr. Rudd is also a committed AGW believer.
They are quite prepared to live and die on this tax, which is really sad. The government honestly believes that these companies have no where else to go. Honestly though, what good are having the resources if you can’t exploit them? If I can mine nickel in Nigeria for 1/10 the cost of Australia, then I only need to be in business for one year is Nigeria vs. 10 in Australia to achieve the same level. Again, what is the advantage of being in Aus or Canada?
Many folks will point to stability as the reason why mining companies will stay in Aus. But really, like Fast Shuffle Ed what trust can there ever be in a first world government that levies tax levels through extortion?
Enough is enough. To quote a wise person, “Fire. Them. All.”
Mr. Rudd is up for re-election in November, but I think the die will be cast. After all, no one knows how to spend your money more wisely than the government.