oh Venezuela.....

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NoStateofMind

Diamond Member
Oct 14, 2005
9,711
6
76
The socialist state of Venezuela is having big issues. When this modern states fiat currency the 'bolivar' failed they just created a new one and called it, oh this is special, the 'strong bolivar'! The official value determined by the progressive and forward thinking government puts it at 6.3 strong bolivars for $1. However the backwards thinking and slum dwelling commoners are unwilling to exchange at that rate due to massive inflation (800-1) which is clearly their own fault, and also this website in the US accused of 'cyber-terrorism'. Their ever wise socialist leader has tried price fixing and guarding borders against 'illegal' trade. The ungrateful people of Venezuela are getting what they deserve by not falling in line with the great utopia that Maduro has envisioned for them. If only we had a wise leader like that here.....

CARACAS (Reuters) - Venezuela's Central Bank filed a lawsuit on Friday with allegations of "cyber-terrorism" against a U.S.-based website that tracks the OPEC member's currency black market.

The DolarToday site has enraged President Nicolas Maduro's government by publishing a rate in Venezuelan bolivars for the greenback far higher than the three official levels under Venezuela's 12-year-long currency controls.

The rate has become an unofficial marker in the crisis-ridden economy, with some Venezuelans using it in private transactions or to fix prices of imported goods.

The lawsuit, in the U.S. District Court for the District of Delaware, named three Venezuelans in the United States as being behind the site: Gustavo Diaz, Ivan Lozada and Jose Altuve.

A representative of DolarToday could not immediately be reached by email or telephone for comment.

The Central Bank requested both an injunction and damages, accusing the three of fanning inflation in Venezuela, the world's highest, and enriching themselves by illegal trading.

"Defendants conspired to use a form of cyber-terrorism

to wreak, and in fact they have wreaked, economic and reputational harm on the Central Bank by impeding its ability to manage the Republic's economy and foreign exchange system," the lawsuit said.

DolarToday, which takes an aggressively anti-Maduro stance in its publications and says it calculates its rate based on trades on the Venezuela-Colombia border, quoted the dollar at 820 bolivars on Friday.

That is 130 times the strongest official rate of 6.3 bolivars and four times the government's weakest rate of 200.

Maduro, a former bus driver and foreign minister who won election to replace Hugo Chavez in 2013, frequently lambastes DolarToday as part of an international capitalist conspiracy to sabotage the economy and undermine socialism in Venezuela.

"Arbitrarily manufacturing currency exchange rates creates further turmoil in a country that is working to overcome the obstacles it already faces," said Adam Fox, a lawyer for U.S. law firm Squire Patton Boggs, which represents the bank.

Critics say Venezuela's economic mess, with Gross Domestic Product shrinking and shortages widespread, is the result of hardline state policies such as currency controls.

The Central Bank estimated a million people visit the DolarToday site daily. Its Twitter account has 1.93 million followers. "Defendants have been playing 'a cyber cat-and-mouse game'," to circumvent government blocks, it said.

Central Bank officials in Caracas had no immediate comment.
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Zorkorist

Zorkorist

Diamond Member
Apr 17, 2007
6,861
3
76
This is socialism. This is communism.

All under an Authoritarian, Bernie Sanders style, Government.

-John
 
TheGardener

TheGardener

Golden Member
Jul 19, 2014
1,945
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Zorkorist said:
Personally? I was born there.

-John
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I roomed near a several students from Venezuela back when I was in college. Very polite, intelligent and helpful people. They were solidly against political dictatorships. I tried to listen intently when they talked about their country. It's sad really, that this has gone on so long. I think if there is a total collapse of the economy, maybe the people there have a chance to dig out from under this tyranny.
 
nickqt

nickqt

Diamond Member
Jan 15, 2015
7,974
8,651
136
Man, Venezuela is the only model for social democracy, because conservatives say so!

I mean, don't look to western Europe or anything for an example. Instead, look to a failed petro state in South America, and then analogize anything the US might try to do, to that country. And not western Europe.

Brilliant!
 
C

cubby1223

Lifer
May 24, 2004
13,518
42
86
Victorian Gray said:
What is this fixation that some Americans have with Venezuela?
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Hugo Chavez played up a front that he was a leader all about knocking the wealthy down and distributing it across to the masses. He was the progressive's poster-child for how to run a nation. And many here in the U.S. loved him for that.
 
Zorkorist

Zorkorist

Diamond Member
Apr 17, 2007
6,861
3
76
Well, Venezuela, and Cuba.

Russia, China, Germany.

You do understand that Government is bad, right?

Let me here you say it...

Government is bad.

-John
 
C

cubby1223

Lifer
May 24, 2004
13,518
42
86
nickqt said:
Man, Venezuela is the only model for social democracy, because conservatives say so!

I mean, don't look to western Europe or anything for an example. Instead, look to a failed petro state in South America, and then analogize anything the US might try to do, to that country. And not western Europe.

Brilliant!
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You mean like we should look to a nation, France, perhaps, for how to create a socialist system? How is that working out for them? ;)

Progressives were the ones who believed Venezuela was the model for the U.S. to copy.
 
nickqt

nickqt

Diamond Member
Jan 15, 2015
7,974
8,651
136
cubby1223 said:
You mean like we should look to a nation, France, perhaps, for how to create a socialist system? How is that working out for them? ;)

Progressives were the ones who believed Venezuela was the model for the U.S. to copy.
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Oh, yes, because there is only France to look to, am I right, or what!!! :cool:

Of course, if I were a conservative, I could point to Somalia for my economic model of choice.

Herp a derp bro!
 
C

cubby1223

Lifer
May 24, 2004
13,518
42
86
nickqt said:
Oh, yes, because there is only France to look to, am I right, or what!!! :cool:

Of course, if I were a conservative, I could point to Somalia for my economic model of choice.

Herp a derp bro!
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You chose Western Europe.

Maybe what you need to actually do research on, is, why exactly do some things work in some regions and not elsewhere? And is the makeup of the United States similar enough to make it work across the diversity of regions among this nation?

Or are you just going to type "herp a derp" again in assumption that you have all the knowledge? ;)
 
Sinsear

Sinsear

Diamond Member
Jan 13, 2007
6,439
80
91
cubby1223 said:
Hugo Chavez played up a front that he was a leader all about knocking the wealthy down and distributing it across to the masses. He was the progressive's poster-child for how to run a nation. And many here in the U.S. loved him for that.
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Don't forget such p&n elites like craig and sheeplerot who never missed a chance to tell us how great venezuela was
 
V

Victorian Gray

Lifer
Nov 25, 2013
32,083
11,718
136
cubby1223 said:
Hugo Chavez played up a front that he was a leader all about knocking the wealthy down and distributing it across to the masses. He was the progressive's poster-child for how to run a nation. And many here in the U.S. loved him for that.
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Ok then, please feel free to continue to beat that dead horse severely.
 
V

Victorian Gray

Lifer
Nov 25, 2013
32,083
11,718
136
Zorkorist said:
You do understand that Government is bad, right?

Let me here you say it...

Government is bad.

-John
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260fo87.jpg
 
V

Victorian Gray

Lifer
Nov 25, 2013
32,083
11,718
136
cubby1223 said:
You asked a question and I answered it. Would you have preferred your question go unanswered?
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"you" as in all the Americans who seem to be upset with a dead guy and a few Americans who were supporters of said dead guy. It's what I suspected but thanks for confirming it.

EDIT: sorry, that kinda reads as sarcasm and it's not intended as such.
 
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DrDoug

DrDoug

Diamond Member
Jan 16, 2014
3,580
1,629
136
Victorian Gray said:
What is this fixation that some Americans have with Venezuela?
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IMO they tend to be people who like to see others suffering due to what they view as having made the wrong choices. They also think that there isn't enough suffering among certain people here in our country and would like to see more of the same here.

Shorter version: It gives them wood.
 
Newell Steamer

Newell Steamer

Diamond Member
Jan 27, 2014
6,894
8
0
Wait, I thought countries w/socialism that are smaller than the US (like Denmark) are an inappropriate comparison to the US - oh! That's right! A smaller country being an invalid comparison to the US would get tossed out the window, so long as socialism is bashed!!

My bad OP! Herp-a-derp on, you buffoon.
 
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