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description=10 posts published by moctavio during July 2013;

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the, venezuela, to, in, blog, blogs, by, venezuelans, venezuelan, government, you, devil, excrement, archive, for, july, 2013, unknown, feed, subscribe, via, email, categories, all, miguel, octavio, blogroll, recent, posts, archives, pages, meta, stats, pdvsa, creates, privatization, like, program, increase, oil, production, websites, hacked, silent, nico, por, que, no, te, callas, tales, from, upside, down, country, doubles, interest, payments, petrocaribe, housing, minister, breaks, law, man, who, taped, him, detained, when, thought, had, seen, enough, corruption, and, distortions, is, going, well, maduro, possible, hugo, moment, fading, fast, let, sicad, foreign, exchange, games, begin, are, trapped, their, own, inconsistencies,

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the (360), and (152), that (113), you (70), will (61), for (59), but (57), not (55), are (52), this (44), #venezuela (43), have (36), with (35), would (33), government (32), 2013 (31), about (29), has (29), was (29), they (29), july (28), may (26), more (25), what (25), all (22), which (22), even (21), from (20), like (20), rate (20), your (19), sicad (19), venezuelan (18), system (18), snowden (18), his (17), october (17), dollars (17), march (16), new (16), only (16), can (16), well (16), november (15), january (15), february (15), april (15), time (15), one (15), get (15), per (15), their (15), august (14), september (14), december (14), june (14), down (14), there (14), inflation (14), comments (13), does (13), year (13), were (13), foreign (13), been (13), now (12), 2003 (12), 2004 (12), 2005 (12), 2006 (12), 2007 (12), 2008 (12), 2009 (12), 2010 (12), 2011 (12), 2012 (12), 2014 (12), 2015 (12), people (12), think (12), some (12), back (11), make (11), how (11), going (11), him (11), who (11), auction (11), maduro (11), minister (11), oil (11), other (10), posted (10), say (10), than (10), fact (10), much (10), first (10), just (10), don (9), very (9), around (9), country (9), 000 (9), really (9), because (9), out (9), could (9), two (9), likely (9), companies (9), 2016 (8), uncategorized (8), anything (8), day (8), seems (8), these (8), last (8), exchange (8), rules (8), simply (8), little (8), positive (8), black (8), million (8), after (8), international (8), said (8), devil (7), why (7), cadivi (7), when (7), work (7), whole (7), sure (7), guy (7), price (7), times (7), most (7), them (7), then (7), problems (7), too (7), increase (7), years (7), its (7), market (7), months (7), sold (7), moment (7), while (7), growth (7), production (7), excrement (6), another (6), something (6), arepa (6), opposition (6), receive (6), see (6), same (6), maybe (6), should (6), money (6), bolivars (6), did (6), understand (6), way (6), pay (6), those (6), had (6), 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mirage, level, grant, watch, dictionary, represents, wagons, circled, fight, radicals, image, personality, screw, usa, learned, reasonable, period, distinguished, questionable, yours, exists, rae, sources, accomplished, position, driver, rode, always, agreeing, exist, carajillo, personajillo, nicolas, sadly, silly, dear, idol, himself, chile, traitors, pity, accusing, thanks, manoloreveron, finding, por, que, callas, hacker, twitter, venezuelanh, restored, hysterical, sites, remain, offline, hacking, anonymous, demanding, resignation, ministries, universities, public, stock, national, guard, curious, silence, local, tal, cual, herald, hackers, claims, shown, webpage, ejercito, mil, managed, link, broken, article, welcome, baggage, blocked, happening, potential, similarities, candidate, jump, worried, declining, set, aside, ideology, sake, increasing, connection, invented, interconnection, pipes, reality, interconnections, pump, stations, platforms, proposed, contracts, cancelled, 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days but for now it looks like the most positive news to come out of pdvsa in a long time with a potential to have a very positive impact on the company s production in a very short time in fact it has similarities with the proposal of a certain candidate on how to jump start pdvsa s oil production this could have been done at anytime in the last ten years but ideological baggage blocked it from happening we welcome the change posted in venezuela 30 comments venezuelan government websites hacked government silent july 26 2013 except for a brief report in tal cual and an article in the miami herald which has the link broken there is little in the venezuelan press about the fact that a group of hackers claims to have hacked a large number of venezuelan government websites as shown above for the webpage of the venezuelan army ejercito mil ve the group managed to take over many webpages the webpages hacked include ministries state universities the army the public stock market the national guard and many more so far the government has been silent about it but what we find most curious is the silence of the local press on the matter the group doing the hacking is reportedly anonymous venezuela and they are demanding maduro s resignation according to the hacker s twitter account venezuelanh the cadivi website was also hacked but the page was restored because people got hysterical last time i checked some sites are back but others remain offline at the time of this post posted in uncategorized 23 comments nico por que no te callas july 25 2013 thanks to manoloreveron for finding the picture at this point it would be better for nicolas to just shut up stop talking like you know what you are saying because sadly you don t don t be so silly as to say that capriles met with pinochet s private secretary because it was not a one on one meeting and after all even your dear idol fidel met not with the secretary but with the fascist dictator himself in what was a fascist to fascist dictator to dictator meeting after all the two really have a lot in common no maybe you can ask fidel why he met with pinochet before accusing those that went to chile as traitors pity you can ask him but he will likely not be able to talk back to you and you really think that the us is going to stop meeting with distinguished venezuelans like pedro mario burelli just to have relations with a questionable government like yours burelli got to where he is on his own and if you are going to try to insult him you better find a word that exists because i checked in the rae and its other sources and personajillo simply does not exist carajillo and i am sure mr burelli would be much better accomplished than you in any position from bus driver to foreign minister to president after all you are what you are because you rode on chavez back always agreeing to anything he told you to do and you are not doing a great job either nico face it the wagons have circled around you and you are trying to fight them off by being more radical than the radicals but it just does not fit your image or personality you are no tough guy and anytime you want to be tough you screw up relations with another country be it spain colombia or the usa then you have to spend your time trying to make up what is clear is that you learned nothing in the only job you ever had for a reasonable period of time your six years as foreign minister and please look up oligarchy in the dictionary maybe it will help you realize that chavismo represents the new oligarchy and you really have to spend your time on more productive things nico you have lots lots of problems whoever told you sicad will fix the foreign exchange problems has no clue and sicad started as screwed up and corrupt as your government if not ask merentes how this multicriteria pseudo criteria was implemented or why no legitimate medical equipment company got one dollar and stop saying inflation is going to go down and there will be growth the second half of the year even if your foreign experts french or american tell you otherwise scarcity has yet to budge and as long as it is near 20 inflation in may was no mirage and will stay around that level and if you don t grant price increases watch those numbers go even higher so nico you just better shut up like king juan carlos famously told your boss stop improvising you are not good at it if something bothers you count to one hundred hold your breath before saying anything then call cuba even your old boss used to do that and he was better at improvising understand you have a short fuse and you are illegitimate temper tantrums not work well for presidents and if you are going to get mad every time someone meets with someone you don t like just keep it to yourself and use it when its needed paranoia is not the best of traits ask diosdado he has been meeting with lots of your friends and knows who you meet with but he says little and please stop using the word respect this is something you earn not a given so get to work defuse the demons around you first really attack corruption and maybe just maybe you will start earning some respect but i doubt it posted in venezuela 20 comments tales from the upside down country venezuela doubles interest payments to petrocaribe july 24 2013 bloomberg is reporting that venezuela advised all countries which are members of petrocaribe on may 16th that it would double interest payments on the oil loans that are provided to the members of the group yes doubling it from 1 to 2 for those that don t know it venezuela sends oil to petrocaribe nations to the tune of 212 000 barrels a day for which the countries have to pay 40 in cash or stuff which has included pants for example and the remainder gets paid at a 1 interest rate for the next 25 years effectively venezuela loses on this simply because of the fact that international inflation is higher than that but wait venezuela issues debt paying double digit interest rates too so that while we pay through the nose petrocaribe nations which include some well off caribbean islands with gdp per capital much higher than venezuela s receive a huge subsidy so that their citizens can go to the beach or simply become beach bums for example if venezuela were to issue a 20 year bond today it would have to pay around 12 in interest for international investors to be interested now 212 000 barrels of oil per day is us 7 738 billion per year at us 100 per barrel of this 40 is supposedly paid see it to believe it leaving new debt of us 4 6 billion a year to be paid in 25 years thus the increase means that venezuela will receive barely us 46 million per year from this increase from 1 to 2 on the oil sold in 2013 not enough to pay two maduro trips abroad but even worse venezuela will likely issue about u 4 billion in bonds this year or borrow us 5 billion more from the chinese get the picture of the upside down world we are in this country we borrow at 12 and lend at 2 to other countries many of which are better off than venezuela the ironic or amazing thing is that guatemala is considering leaving petrocaribe due to the increase in interest by venezuela as venezuela has apparently indicated that it may increase rates as high as 4 yeap i would be offended too this is no way to buy your friends i mean to treat your friends sorry posted in uncategorized 19 comments venezuelan housing minister breaks the law man who taped him detained july 23 2013 this video of minister of housing ricardo molina has been going around a while showing the type of fascist hordes the government is breeding as the minister is hailed by the people for saying he does not give a damn about what labor laws say he will not accept anyone that supports the opposition he also shows he does not understand what the word belligerence means but what is interesting is not the video is the fact that fernando bello a worker at the minister for housing who taped the video has been detained tonight for taping it he is reportedly being charged with informatic crimes as the cipcc has been investigating him and determined that he made the video which he readily admits thus mr bello is detained for taping a minister saying that he does not care about the law or people s rights but the minister is the hero and he is the criminal this is the upside down revolution in venezuela how i wish snowden had come to venezuela that way international reporters would all see this stuff will they notice now well at least now everyone will see the infamous video note added guy was released today day after which does not change the story very much he was held overnight the minister slept at home posted in uncategorized 13 comments when you thought you had seen enough corruption and distortions in venezuela july 21 2013 while chavismo madurismo continues to solidly embrace controls creating ever more complicated systems rules and regulations there is daily evidence that the whole thing has become a rubesque like system whereby the system has become absolutely ineffective due to corruption and arbitrage despite the daily evidence the revolution presses forward with its brainless creation of economic rules and foreign exchange systems where common sense and logic are completely absent two items caught my attention in the last two days that absolutely make you wonder if these guys even try to use their brains when designing the whole thing 1 the head of the venezuelan association of airlines said yesterday today s el nacional page 6 that during the last three months occupancy in international flights has not exceeded 40 despite the fact that flights are completely sold out and all tickets have been booked do you know what this means easy with the large arbitrage between the official rate bs 6 3 per us and the black rate about four times more the times of oligarco burguesito are back the only way that occupancy in flights can be that low is that organized mafias are gathering cedulas buying tickets and obtaining cadivi dollars for travel say you buy a ticket to go to spain with iberia i just checked and on october 1st i could go for bs 14 857 round trip if you buy the ticket get us 3000 for the trip in your credit card and 400 euros in cash that is about us 3 520 which at the black rate is something like 116 000 bolivars subtract the bs 14 857 and without bothering to travel you have made a tidy profit of around bs 100 000 why bother to even travel and use the airline ticket that cost money after all give the credit card to someone and have them use it to get cash or whatever or organize twenty or thirty people like that and you yourself could go and take care of it paying everyone one of them a fee for the use of their cedula in your endeavours and clearly someone is doing that right now in massive numbers if 60 of the seats flew empty before the summer season began 2 you would think that scams and guisos would take a while to develop under the new sicad rules well corruption is so entrenched that in the first sicad auction corruption was already present in full force indeed 127 companies of the health sector were assigned foreign currency this health sector was defined as only medical equipment and parts if these 127 companies were assigned the average amount of 166 000 dollars per request we are talking about us 21 million for all of them the problem is that the venezuelan association of distributors of medical odontological laboratory and similar equipment reported that of its 137 members not one was approved a single dollar el nacional yesterday yes not one of the only association that groups distributors of medical equipment and the like so the mafias were in place even before the auction took place and they were generously rewarded except they went overboard and somebody noticed the government said it will investigate hold off giving out the dollars and the like but pardon me for being skeptical if the mafias are so entrenched i am sure the same people that decided to award the dollars to what are mostly phantom companies will carry out the investigation and nothing will happen so all that complicated system checks and balances and in the end the dollars went to the wrong hands i guess in chavista madurista la la land it is time to create even more controls posted in venezuela 23 comments venezuela is going well july 17 2013 after announcing the results of the first modified sicad auction where the government sold some us 180 million dollars at an exchange rate probably close to three two times the official rate and around half one third of the unmentionable black rate minister of finance nelosn merentes announced two more upcoming auctions and said the country is going well yeap as the government formalized another devaluation introducing a second official exchange rate or third for that matter the rate is secret the minister said things are going well as inflation has soared and shortages are still out there even more boldly the man who has so often predicted single digit inflation and economic growth and who has no clue as to what an econometric model is said confidently that inflation will go down in the second half of the year and growth will be stronger he even challenged those that do know economics to wait until the year is over to see who is right unfortunately dr in math merentes does not even appear to understand that growth in the next two quarters will not be compared to the last quarter but that economists have this quirk that it is measured with respect to the same quarter a year ago given that the economy has likely shrank for the first six months of the year it will have to make up the loss and then show a gain for the third and fourth quarters to show growth something that looks difficult right now additionally given that the growth last year was driven by government spending and that spending is down by double digits so far in 2013 it seems unlikely that growth will be positive for all of 2013 but the real trouble is inflation as recently as october merentes was questioning predictions of 28 in 2013 and inflation is up 25 in the first six months of 2013 alone in fact a month after saying that he said it was feasible to achieve 14 16 inflation in 2013 jeez nelson you will be off by 100 at least in that econometric prediction at least as a mathematician you should be able to understand how bad that is but the real problem is that the government has built in continued inflation into the system with its policies by holding back price increases there is a guarantee that there will be shortages and later more inflation as goods get scarce in fact inflation for controlled goods was 21 in the first six months of the year another sign the whole system does not work reportedly vice president arreaza has presented maduro with a list of 10 items whose prices need to be increased which will do little to slow down inflation neither will the fact that what used to be imported at th...