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	<title>Comments on: Venezuelan GDP down 4.5%, stagflation is here, now what?</title>
	<atom:link href="http://devilsexcrement.com/2009/11/17/venezuelan-gdp-down-4-5-stagflation-is-here-now-what/feed/" rel="self" type="application/rss+xml" />
	<link>http://devilsexcrement.com/2009/11/17/venezuelan-gdp-down-4-5-stagflation-is-here-now-what/</link>
	<description>Observations focused on the problems of an underdeveloped country, Venezuela, with some serendipity about the world (orchids, techs, science, investments, politics) at large. A famous Venezuelan, Juan Pablo Perez Alfonzo, referred to oil as the devil&#039;s excrement. For countries, easy wealth appears indeed to be the sure path to failure. Venezuela might be a clear example of that.</description>
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		<title>By: Fausta&#8217;s Blog &#187; Blog Archive &#187; The visiting Ahmadinejad Carnival of Latin America and the Caribbean</title>
		<link>http://devilsexcrement.com/2009/11/17/venezuelan-gdp-down-4-5-stagflation-is-here-now-what/#comment-3330</link>
		<dc:creator><![CDATA[Fausta&#8217;s Blog &#187; Blog Archive &#187; The visiting Ahmadinejad Carnival of Latin America and the Caribbean]]></dc:creator>
		<pubDate>Mon, 23 Nov 2009 21:34:23 +0000</pubDate>
		<guid isPermaLink="false">http://devilsexcrement.com/?p=7274#comment-3330</guid>
		<description><![CDATA[[...] VENEZUELA Venezuelan GDP down 4.5%, stagflation is here, now what? [...]]]></description>
		<content:encoded><![CDATA[<p>[...] VENEZUELA Venezuelan GDP down 4.5%, stagflation is here, now what? [...]</p>
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		<title>By: Roberto</title>
		<link>http://devilsexcrement.com/2009/11/17/venezuelan-gdp-down-4-5-stagflation-is-here-now-what/#comment-3291</link>
		<dc:creator><![CDATA[Roberto]]></dc:creator>
		<pubDate>Fri, 20 Nov 2009 10:41:52 +0000</pubDate>
		<guid isPermaLink="false">http://devilsexcrement.com/?p=7274#comment-3291</guid>
		<description><![CDATA[Ok deananash, I&#039;ll take your wager too.

Just to be clear, the wager is that Chavez will not be president beyond 2013.

I hope there is a low fat version of the reina pepiada!]]></description>
		<content:encoded><![CDATA[<p>Ok deananash, I&#8217;ll take your wager too.</p>
<p>Just to be clear, the wager is that Chavez will not be president beyond 2013.</p>
<p>I hope there is a low fat version of the reina pepiada!</p>
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		<title>By: deananash</title>
		<link>http://devilsexcrement.com/2009/11/17/venezuelan-gdp-down-4-5-stagflation-is-here-now-what/#comment-3290</link>
		<dc:creator><![CDATA[deananash]]></dc:creator>
		<pubDate>Fri, 20 Nov 2009 04:42:52 +0000</pubDate>
		<guid isPermaLink="false">http://devilsexcrement.com/?p=7274#comment-3290</guid>
		<description><![CDATA[Roberto, I want in on that.  Unfortunately, Chavez, like his mentor, isn&#039;t going  anywhere soon.  To Hell with Venezuela, his ego, his power, is all that matters.  How, after 10+ years, this is self-evident to everyone, is simply beyond my ability to comprehend.

Has anyone heard of any organized betting pool on Chavez?  Kinda like an over/under on his rule.  

Miguel, if so (perhaps in London), it might make a good topic for you to periodically follow.  The U.S. military and intelligence agencies (sometimes these are oxymorons, but many times not) have used these types of things with some success.]]></description>
		<content:encoded><![CDATA[<p>Roberto, I want in on that.  Unfortunately, Chavez, like his mentor, isn&#8217;t going  anywhere soon.  To Hell with Venezuela, his ego, his power, is all that matters.  How, after 10+ years, this is self-evident to everyone, is simply beyond my ability to comprehend.</p>
<p>Has anyone heard of any organized betting pool on Chavez?  Kinda like an over/under on his rule.  </p>
<p>Miguel, if so (perhaps in London), it might make a good topic for you to periodically follow.  The U.S. military and intelligence agencies (sometimes these are oxymorons, but many times not) have used these types of things with some success.</p>
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		<title>By: Bob Taylor</title>
		<link>http://devilsexcrement.com/2009/11/17/venezuelan-gdp-down-4-5-stagflation-is-here-now-what/#comment-3288</link>
		<dc:creator><![CDATA[Bob Taylor]]></dc:creator>
		<pubDate>Fri, 20 Nov 2009 03:48:52 +0000</pubDate>
		<guid isPermaLink="false">http://devilsexcrement.com/?p=7274#comment-3288</guid>
		<description><![CDATA[Why on earth can´t the opposition get their act together to give us some hope.??????
 All it needs is someone who has a good personality on t.v and no background that chavez can use.
 Once all the empty headed chavistas like the guy,then he can start putting forward his programme to show them whats in it for them.
 Chavez´s faults and lies, corruption and b.s. can be exposed and hopefully everyone will see sense in getting rid of this communist dictator.!!]]></description>
		<content:encoded><![CDATA[<p>Why on earth can´t the opposition get their act together to give us some hope.??????<br />
 All it needs is someone who has a good personality on t.v and no background that chavez can use.<br />
 Once all the empty headed chavistas like the guy,then he can start putting forward his programme to show them whats in it for them.<br />
 Chavez´s faults and lies, corruption and b.s. can be exposed and hopefully everyone will see sense in getting rid of this communist dictator.!!</p>
]]></content:encoded>
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		<title>By: Roger</title>
		<link>http://devilsexcrement.com/2009/11/17/venezuelan-gdp-down-4-5-stagflation-is-here-now-what/#comment-3285</link>
		<dc:creator><![CDATA[Roger]]></dc:creator>
		<pubDate>Fri, 20 Nov 2009 01:24:19 +0000</pubDate>
		<guid isPermaLink="false">http://devilsexcrement.com/?p=7274#comment-3285</guid>
		<description><![CDATA[Chavez is mentioned twice in this political song http://www.youtube.com/watch?v=5XyGDxu-MJ8&amp;feature=related   cute anyway]]></description>
		<content:encoded><![CDATA[<p>Chavez is mentioned twice in this political song <a href="http://www.youtube.com/watch?v=5XyGDxu-MJ8&#038;feature=related" rel="nofollow">http://www.youtube.com/watch?v=5XyGDxu-MJ8&#038;feature=related</a>   cute anyway</p>
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		<title>By: island canuck</title>
		<link>http://devilsexcrement.com/2009/11/17/venezuelan-gdp-down-4-5-stagflation-is-here-now-what/#comment-3284</link>
		<dc:creator><![CDATA[island canuck]]></dc:creator>
		<pubDate>Thu, 19 Nov 2009 16:56:23 +0000</pubDate>
		<guid isPermaLink="false">http://devilsexcrement.com/?p=7274#comment-3284</guid>
		<description><![CDATA[From today&#039;s El Universal:

Earnings at PDVSA down 67%

http://www.eluniversal.com/2009/11/19/petro_ava_ganancias-de-pdvsa-c_19A3079651.shtml]]></description>
		<content:encoded><![CDATA[<p>From today&#8217;s El Universal:</p>
<p>Earnings at PDVSA down 67%</p>
<p><a href="http://www.eluniversal.com/2009/11/19/petro_ava_ganancias-de-pdvsa-c_19A3079651.shtml" rel="nofollow">http://www.eluniversal.com/2009/11/19/petro_ava_ganancias-de-pdvsa-c_19A3079651.shtml</a></p>
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		<title>By: Roger</title>
		<link>http://devilsexcrement.com/2009/11/17/venezuelan-gdp-down-4-5-stagflation-is-here-now-what/#comment-3274</link>
		<dc:creator><![CDATA[Roger]]></dc:creator>
		<pubDate>Thu, 19 Nov 2009 02:28:41 +0000</pubDate>
		<guid isPermaLink="false">http://devilsexcrement.com/?p=7274#comment-3274</guid>
		<description><![CDATA[So whats New?!!!  My first trip to &quot;The land of enchantment&quot; from 19 Abr1991 to 4 Mayo 1991, the Bolivar ( to the minus 3 Eh) was 58 to the $. Even on that first trip Venezuelans ( middle class) were telling me how inflation had eaten up their savings and such. Come back 3 Jul 1991 and the Bs are now 85 to the $! By the late fall of 1992 the Bee is hitting 100 or so but better than doubles that by the end of the year and banks fail at record rate. We stop the project and when we restart it a year later the inflation is even worse (400 Bs). I still charge the same USD but now that is a lot of Bolivars! By 1994 even thought I had not raised my rates, the price beyond my Venezuelan partners. Even with Oil money, at some point, this has to reach critical mass and crash. In the past, one could live (perhaps not well ) on Venezuelan production but, now the large amout of imports makes everyone in Venezuela tied to the Global Economy.]]></description>
		<content:encoded><![CDATA[<p>So whats New?!!!  My first trip to &#8220;The land of enchantment&#8221; from 19 Abr1991 to 4 Mayo 1991, the Bolivar ( to the minus 3 Eh) was 58 to the $. Even on that first trip Venezuelans ( middle class) were telling me how inflation had eaten up their savings and such. Come back 3 Jul 1991 and the Bs are now 85 to the $! By the late fall of 1992 the Bee is hitting 100 or so but better than doubles that by the end of the year and banks fail at record rate. We stop the project and when we restart it a year later the inflation is even worse (400 Bs). I still charge the same USD but now that is a lot of Bolivars! By 1994 even thought I had not raised my rates, the price beyond my Venezuelan partners. Even with Oil money, at some point, this has to reach critical mass and crash. In the past, one could live (perhaps not well ) on Venezuelan production but, now the large amout of imports makes everyone in Venezuela tied to the Global Economy.</p>
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		<title>By: Roberto</title>
		<link>http://devilsexcrement.com/2009/11/17/venezuelan-gdp-down-4-5-stagflation-is-here-now-what/#comment-3269</link>
		<dc:creator><![CDATA[Roberto]]></dc:creator>
		<pubDate>Wed, 18 Nov 2009 14:43:41 +0000</pubDate>
		<guid isPermaLink="false">http://devilsexcrement.com/?p=7274#comment-3269</guid>
		<description><![CDATA[GWEH:

THe last time the subject came up, I told you that my belief is that his hold on power will not be forever, and that by 2012 he would be gone (well, 2013). You bet me an arepa, and I accept that bet and raise you a batido de lechosa. 

I still think you are going to owe me that batido, plus I insist on a Reina Pepiada.

Seriously though, Venezuela is not Cuba, nor is Chavez Fidel. Having the guns on one&#039;s side helps, but as was shown on 11-A, all it takes is one miscalculation for the guns to switch sides.

You may be more aware of the machinations inside than some, but never discount the people in the street.]]></description>
		<content:encoded><![CDATA[<p>GWEH:</p>
<p>THe last time the subject came up, I told you that my belief is that his hold on power will not be forever, and that by 2012 he would be gone (well, 2013). You bet me an arepa, and I accept that bet and raise you a batido de lechosa. </p>
<p>I still think you are going to owe me that batido, plus I insist on a Reina Pepiada.</p>
<p>Seriously though, Venezuela is not Cuba, nor is Chavez Fidel. Having the guns on one&#8217;s side helps, but as was shown on 11-A, all it takes is one miscalculation for the guns to switch sides.</p>
<p>You may be more aware of the machinations inside than some, but never discount the people in the street.</p>
]]></content:encoded>
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		<title>By: livingInCCS</title>
		<link>http://devilsexcrement.com/2009/11/17/venezuelan-gdp-down-4-5-stagflation-is-here-now-what/#comment-3268</link>
		<dc:creator><![CDATA[livingInCCS]]></dc:creator>
		<pubDate>Wed, 18 Nov 2009 14:30:29 +0000</pubDate>
		<guid isPermaLink="false">http://devilsexcrement.com/?p=7274#comment-3268</guid>
		<description><![CDATA[Hi,

Nice to read a decent blog. I gotta say, getting rid of Chavez through a riot will be hard, because he is extremely good at manipulating situations, and absolutely ruthless when putting blame on anybody but himself. Unless there is a complete breakdown of economy, electricity etc (which of course could happen as early as mid 2010), a riot won&#039;t get him out. 

As far as I know there have been a couple of military uprisings the last two years, but none of them got anywhere, which might actually be for the better.

So the only thing left is an presidential electionvictory, which would have to be massive (70%) to overcome CNE cheating.

In the short term the most important step for the opposition (and the whole country) will be to get a big representation in the National Assembly because it makes it a lot harder for Chavez to blatantly fake democracy. Today the AN is 90% cheerleaders. Having even 40% opposition would be huge, because the tyrannic nature of the chavismo would blatantly expose itself. They have shown themselves to not be able to handle dissidency elegantly. This would in turn affect popularity and hinder and expose fascist discourse and action in general, which again slows down the communist train (as clearly shown by the aftermaths of electoral victories of the opposition in regional elections).

Why are elections, albeit difficult, the main hope? Because the big majority of Venezuelans aren&#039;t used to caring for their society in a significant manner. It&#039;s absolutely horrendous to see that almost nobody organizes or does political activism while the country is going to pieces. I could talk for a long time about how incompetent and selfish opposition leaders are, but for now it&#039;s enough to state that none of them have been able to significantly thrive on the huge discontent with infrastructure and crime disasters. No mass movement against Chavez is in sight. Only mass discontent and anger.

Another positive factor would be Fidel going away (not that I usually want to wish death on anybody) because most likely Raul would open up a lot to a Chinese model and the whole communist paradigm would loose a lot of prestige in Venezuela. After all, Chavez is primarily feeding his supporters dreams, and if the main dream is discredited it is a big issue.]]></description>
		<content:encoded><![CDATA[<p>Hi,</p>
<p>Nice to read a decent blog. I gotta say, getting rid of Chavez through a riot will be hard, because he is extremely good at manipulating situations, and absolutely ruthless when putting blame on anybody but himself. Unless there is a complete breakdown of economy, electricity etc (which of course could happen as early as mid 2010), a riot won&#8217;t get him out. </p>
<p>As far as I know there have been a couple of military uprisings the last two years, but none of them got anywhere, which might actually be for the better.</p>
<p>So the only thing left is an presidential electionvictory, which would have to be massive (70%) to overcome CNE cheating.</p>
<p>In the short term the most important step for the opposition (and the whole country) will be to get a big representation in the National Assembly because it makes it a lot harder for Chavez to blatantly fake democracy. Today the AN is 90% cheerleaders. Having even 40% opposition would be huge, because the tyrannic nature of the chavismo would blatantly expose itself. They have shown themselves to not be able to handle dissidency elegantly. This would in turn affect popularity and hinder and expose fascist discourse and action in general, which again slows down the communist train (as clearly shown by the aftermaths of electoral victories of the opposition in regional elections).</p>
<p>Why are elections, albeit difficult, the main hope? Because the big majority of Venezuelans aren&#8217;t used to caring for their society in a significant manner. It&#8217;s absolutely horrendous to see that almost nobody organizes or does political activism while the country is going to pieces. I could talk for a long time about how incompetent and selfish opposition leaders are, but for now it&#8217;s enough to state that none of them have been able to significantly thrive on the huge discontent with infrastructure and crime disasters. No mass movement against Chavez is in sight. Only mass discontent and anger.</p>
<p>Another positive factor would be Fidel going away (not that I usually want to wish death on anybody) because most likely Raul would open up a lot to a Chinese model and the whole communist paradigm would loose a lot of prestige in Venezuela. After all, Chavez is primarily feeding his supporters dreams, and if the main dream is discredited it is a big issue.</p>
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		<title>By: Anónimo</title>
		<link>http://devilsexcrement.com/2009/11/17/venezuelan-gdp-down-4-5-stagflation-is-here-now-what/#comment-3267</link>
		<dc:creator><![CDATA[Anónimo]]></dc:creator>
		<pubDate>Wed, 18 Nov 2009 14:26:48 +0000</pubDate>
		<guid isPermaLink="false">http://devilsexcrement.com/?p=7274#comment-3267</guid>
		<description><![CDATA[@GWEH
Even though he&#039;s sailing some stormy seas right now, Venezuela&#039;s fearless leader is labouring under the illusion that he is firmly in control and going places. In the end it will always be a niggling, unforeseen or overlooked detail that will bring him down when we least expect it.]]></description>
		<content:encoded><![CDATA[<p>@GWEH<br />
Even though he&#8217;s sailing some stormy seas right now, Venezuela&#8217;s fearless leader is labouring under the illusion that he is firmly in control and going places. In the end it will always be a niggling, unforeseen or overlooked detail that will bring him down when we least expect it.</p>
]]></content:encoded>
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