THINK COLLAPSE IS A JOKE? Take a look what plummeting oil $$ is doing to Venezuela!

People are running around frantically trying to find basic necessities like dish detergent and diapers!

I cant find it right now but there was a thread this morning saying that rail here in the states is significantly slowing down and then I saw this story and said "Holy Heck" is that what awaits us here?

Thanks for the pin :)

No offense, OP, but this is about inflation, a socialistic government, etc. Lowering oil prices have some impact but are NOT the major source of their problems. It's been this way down there for a number of months before the price of oil headed south.

scary times. currency wars worldwide. thanks for posting.

Saw that thread as well, this one?

I am an engineer for a class one railroad..
Thread: I am an engineer for a class one railroad..

Must be a bunch of short people down there nothing taking off the top shelves. Wanna buy a ladder?

Truth be told, Venezuela has always been like this under their socialist regime. I remember in the last 1990s visiting Aruba and thousands of people from Venezuela were crossing the ocean on rubber rafts to get out! The low oil price has not helped since they are not a producing country. Then again, as MThatcher said, 'the problem with socialism is eventually you run out of other peoples money.'

What's a Communist gotta do to appease the masses.

Last year the Venezuelan Government forced appliance and electronics stores to sell the products at cut-rate prices at gun point. Inflation drove the prices up and the average Juan
could no longer afford them.


[link to www.marketplace.org]

Venezuela's only economy is oil and avocados...

Venezuela has always been a country of haves vs have nots. Beautiful land, but the people are fucked. Chavez put the nail in the coffin. My aunt is Venezuelan and I've been to her home town of Caracas. It was a shit hole and I was terrified to be there. If I hadn't been with her and her family I don't think I would've gone out in public. The policia were kids with sub-machine guns and everyone stared. The people I came into contact with were very friendly, but I was with someone who was born there. This was before Chavez so I cannot imagine what it's like now that he has died.

Why will oil prices plummeting cause this?

Priceless.

State sponsored industry and imports.
No high oilprice = no money in government chests = no more subvention.

Don' think that these peripheral nations will be the last to fall.
They are only the beginning.
In the end we will all suffer.

complete bullshit. Bloomberg really. Is this glp. No one here is suffering. So if the capitalists don't wanna provide tp fine no ones gonna die. We are fine here. Worry bout yourselves. Green go home

Lol, this is far from Venezuela. We decide who collapses. Our global control is swift. Be a team player or this can happen. Sometimes self inflicted mini collapses are orchestrated because it's faster and easier, but nothing long term will ever occur in the states. That's just the way it is. Our system is designed to be perpetual.

Read the above. Almost all of their income comes from exporting oil, if oil price drops by 50%, there is not enough income to buy the goods from other countries - like soap, toilet paper, food, etc. Basically, all they produce is Oil and Avocados. If your salary was cut by 50%, do you think you'll have much money left for food after you pay your rent, electricity, etc? I suspect the answer is NO.

Got news for you OP.
SOCIALISM is doing that...not oil.

The lines and power outages were going on long before oil prices crashed.
The oil crash just made it worse.



Last Edited by Useless Cookie Eater on 01/11/2015 09:15 AM

Then go post videos of markets full of food and no long lines. A picture is worth a thousand words, and a video will make the world believe your B.S.

This is complete bullshit. Who are you people. Oil n avocados. Haha. Ya right the government has no money to buy goods. Are you serious. Unpin this shit or are we desperate this morning. Uneducated or what

She couldn't find detergent.... it won't be long before the price shoots back up.

The layoffs are accelerating out here in the oil patch...

Another 2 months of this and N. Dakota will be a ghost State...

There is absolutely no reason this oil war or plummeting price will hurt the USA in the same way as Venezuela. In fact it will have the opposite effect for the majority of the USA other than in localities where oil and fuel is the main industry.

Low oil and fuel cost mean less cost for everything from harvesting, processing, manufacturing, delivery and more and more disposable income for the consumers of America as well. The average consumer in America who works and commutes a average of 30 miles a day to work and home now has between $50-100 more a month to spend and in a 2 income household $100-200 or more. Doesn't sound like a lot til you multiply it by a 10's of millions of workers.

This also allows the price of the goods and services we pay for to be reduced and money will dictate that through competition.

Venezuelans economy depends on oil export. Ours does not.

Having said that, we the people of the USA need to start rejecting cheap and inferior goods from china and some other countries who do not have mutual best interests in mind and begin becoming the manufacturing powerhouse the USA once was again that built the middle class's.

Unfortunately, that brings us farther away from the globalist agenda and thus will not happen.

The way we solve that is we stop buying foreign oil. But again, that goes against the globalist agenda.

But what we do know is as more South American states fails, their people will flock to the north, ie USA.

Such are the laws of physics.