Happy Birthday America!

Silhouette of charging Union soldier. “Happy Birthday America” by Steve Corey is licensed under CC BY-ND 2.0

Two hundred forty-one years ago today marked the start of this wonderful, fantastic, heaven-blessed, messy, delightful, powerful, flawed, and glorious experiment called the United States of America which has delivered unimaginable levels of freedom to hundreds of millions of people here in the US of A and contributed massively to the freedom of hundreds and hundreds of millions more around the world.

Happy birthday America!

If you want a really short description of this day, consider a photo of a sign on a store’s door I saw while browsing the ‘net:

Closed on July 4

in observance of

Brexit 1776

If you are looking for a brief description of the string of events which led to signing the Declaration of Independence and the follow-on events leading to full independence, (more…)

Bleak outlook for Venezuela

Image courtesy of Adobe Stock.

With the supreme court compromised, the president outmaneuvering the congress, all members of the military under the watchful eye of Cuban zampolits (political officers), and the most loyal members of the military allowed to enjoy the spoils, there doesn’t appear to be much hope for either a peaceful solution or near-term end to the massive, intentionally caused humanitarian suffering in Venezuela.

Here are two short comments on the escalating violence and a long discussion of a feature article on the collapse of democracy and the economy.

6/16/17 – AFP at Yahoo News – Venezuela mobs kick, burn thieves in lynching epidemic – What happens when governments take actions that prevent the economy from working and as a result people are starving? Thieves start robbing people of food at gunpoint (money isn’t worth stealing).

What happens when robberies get out control because there is so much disruption and the government can’t do anything to maintain peace and there is widespread suffering? Mobs start lynching robbers.

There were 20 reported mob driven lynchings in 2015, 126 in 2016, and 60 in the first five months of this year.

In one attack on an armed robber, the police were able to pull the near-unconscious man into a police car as the mob cheered having beaten him. Another reporter filmed a robber being set on fire.

As another indicator of the breakdown in the social contract, Venezuela has one of the highest rates of murder in the world. That merely 6 out of 100 murders results in jail time dangerously wears away at the idea of government being able (or willing) to maintain social order. That contributes to the vigilante justice.

In addition to the massive suffering due to shortages of food, medicine, and electricity, Venezuela is slipping into a life of vigilante justice.

6/22 – Al Jazera – One killed as Venezuelan Troops fire on protesters – Another day of protests.

Another day of protesters getting shot at point-blank range.

One died, two wounded.

Number of dead in the last three months is somewhere around 80.

(Yes, Al Jazera is pointing out the collapse of Venezuela.)

6/23/17 – Wall Street Journal – ”The Last Battle for Democracy in Venezuela” – Article provides an in depth description of the economic collapse, current political direction, how the country got into this horrible disaster, and the bleak prospects for an end to the suffering.

Shrinking opposition

Opposition to the destruction of the country is coming from the Congress and Attorney General. The government is working to get rid of the Atty. Gen. and has a plan to replace the Constitution and Congress.

The government has already taken over control of the Supreme Court. The military was purged in 2002 after an attempted coup and now appears to be completely controlled by the government. The Cubans took over indoctrination and training of the military after the coup.

Path forward to end democracy in the country

(more…)

Venezuelan government supported with cash from investment bank while support from military is weakening

Image courtesy of Adobe Stock.

A New York investment bank bought bonds from the Venezuelan central bank at a steep discount and got a lot of heat for doing so. The military is applying more violence to protesters as support from the rank and file appears to be shrinking.

5/30 – Wall Street Journal – Goldman Sachs Under Fire for Venezuela Bond Deal – Goldman bought $2.8B of bonds issued by the government-owned oil company for $865M. That is 31% of face. If, and this is a big if, the bonds were to be paid in full, on-time, at face value that would produce a 40% return.

Goldman is in a PR mess because the bonds were held by the Venezuelan central bank, meaning Goldman essentially put almost a billion dollars into the government’s hand.

Article says Goldman has been increasing their holdings of Venezuelan debt over the last few months. Their play is that if government gets its finances in order, the bonds will soar in value and Goldman will make a huge profit.

(more…)

Land of the free because of the brave

Image courtesy of Adobe Stock.

Those of us living in the United States are blessed with religious freedom, political freedom, and economic freedom because those who went before us fought for freedom.

Many of those fighting offered up their life for freedom and the offer was accepted.

I am humbled and grateful to God that some of my ancestors are included in the long list of those who fought. I am especially humbled that a great, great grand-uncle is in the list of those who died in the defense of freedom.

Because of their sacrifice, I get to enjoy this kind of freedom:

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Why, oh why, did production of oil and food collapse in Venezuela? What could have caused this amount of human suffering?

Shipwreck standing on the beach with the sea in the background. Margarita Island. Venezuela. Photo courtesy of DollarPhotoClub.com

Devastation in the oil industry and food supply chain in Venezuela is due to intentional government policies.

One article sees how the government caused the damage to the oil industry while another article sees the devastation in the food supply but cannot see any direct cause.

(Cross-post from my other blog, Outrun Change.)

5/7/17 – Forbes – How Venezuela Ruined Its Oil Industry – Here is a primer on how to destroy your oil industry when you have the world’s largest proven reserves of oil and are in the top 10 of world oil producers.

If you want to destroy your country, the article provides a how-to-guide, using Venezuela as the road map.

The high point of oil production in Venezuela was 3.5M bopd back in 1998, which not by coincidence was the year Hugo Chavez became president. Production then began to slip. How could that be?

After civil unrest in 2002 and 2003, Chavez fired much of the staff of the national oil company, letting go 19,000 experienced staff.

Let me translate that: 19,000 staff who knew how to produce extra-heavy oil were fired and replaced by people whose primary job skill was loyalty to the president.

Extra heavy oil takes specialized knowledge and is very expensive to produce on top of oil production already being capital-intensive.

To generate more revenue, Venezuela invited five of the oil majors to develop more oil production. The form of investment was a partnership. The five majors invested many billions of dollars in oil production.

(more…)

When do we get to call the ‘Maduro diet’ in Venezuela a crime against humanity?

Consequence of intentional government policies in Venezuela. Image courtesy of Adobe Stock.

A one-year old child who weighs 11 pounds.

Eleven.

In what used to be the regions’s richest country, the average weight loss in the last year is 19 pounds.

That’s an average weight loss according to a survey by social scientists measuring the impact Venezuelan government policies are having on the citizens of the country.

It is called the ‘Maduro diet’ in dishonor of the president who is gladly continuing the polices that have broken the once rich nation.

It is a common site to see people picking through trash hoping to find something that is edible.

When will those of us who don’t have to decide which of our children get to eat today start calling the expected results of intentional policies a crime against humanity?

Let’s take a quick look at health care in Venezuela before returning to the starvation issue.

Collapse of the health care system

The medical crisis is so bad that even CNN has noticed. On 5/11/17 they reported Amid chaos in Venezuela, infant deaths, malaria cases skyrocket.

 

The government released statistics for 2016. They reported:

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Ongoing violence in Venezuela against those who merely want to their children to eat

In Venezuela, above activity is sufficient to draw weapon fire or armored tanks. Image courtesy of Adobe Stock.

The violence in Venezuela directed against those people who merely wish to keep their children from starving continues.

My previous comment: 4/19/17 – Washington Free Beacon – Socialist Venezuela Leader Steps up Arming of Supporters After Outlawing, Confiscating Civilian Guns – The government has spent the last five years confiscating guns from private citizens. That’s what authoritarian, totalitarians, and other bad governments do.

Why? So they can’t defend themselves.

From what might individuals need to defend themselves from?

How about 400,000 loyalists who are going to be armed by the government. (more…)