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GatoGordo

GatoGordo's Journal
GatoGordo's Journal
October 30, 2018

First day of Petro sales in Venezuela... swarms of nobody descends upon new store

Sunacrip began the sale of Petro by box office
October 29 2018, 2:18 pm


Under the face-to-face modality, that is to say by ticket office and also via electronic means, the National Superintendence of Cryptoactives (Sunacrip), began on Monday the sale of the petro, the first Venezuelan cryptocurrency backed by oil and mining wealth of the country, reports AVN .

At the Sunacrip headquarters, on Urdaneta Avenue - next to the Banco del Tesoro -, a team of young professionals was deployed on the first day to receive cash in any convertible currency, as well as to help them carry out the process via digital.

"The economic future of the world is in the cryptoactive, and today Venezuela enters that future," Joselit Ramírez, Superintendent of Cryptoactives, told the Venezuelan News Agency (AVN), during the beginning of the day.

On the natural resistances that the novelty always creates in people, the head of the Sunacrip explained that for this "has been established and created a kind of ecosystem composed of companies and public and private institutions, airlines and travel agencies, hotels, restaurants and many other sectors where the use of cryptoactives will be common ".

In this sense Joselit Ramírez expanded that the daily use of the modality in transactions "will be imposed by itself and will be your best promotion".

On the start of the activities before the scheduled time, which was originally scheduled for November 5, Ramírez said that it owed to the fluidity with which events developed and the support and encouragement of President Nicolás Maduro.

For next November 5, date that had initially been scheduled for the entry into force of the petroleum, Joselit Ramírez said that on that day the Savings Plan will be started in Petros and the attention to various procedures, such as registration, of the mining sector.

On the benefits that in the expansion of the economic and commercial operations that the cryptocurrency will bring and its contribution to the combat of the economic war, Rodríguez said: "Without doubt the contribution will be considerable. There is no doubt about that," he said.

https://www.lapatilla.com/2018/10/29/sunacrip-comenzo-la-venta-de-petro-por-taquilla/

These hapless buskers are shameless. A mythical cryptoactive currency that nobody can buy anywhere except at a Chavista storefront in Caracas in an effort to shore up an economy ruined by the same people who have made their national currency worthless. And NOBODY can redeem the damn things for any purpose. Most Venezuelans are spending their BsS as fast as they get them due to 1,000,000%+ hyperinflation.

No, Nicolas Maduro Moros, tell us about the Petro's white paper? The blockchain? Timestamping? Mining? Wallets? Fungibility?

Anonymity?

Non-existent. Its a fraud and everyone knows it. I doubt they have a single legitimate sale... though Maduro insists he has already sold over $5 in ONE DAY when it was first offered to non-Venezuelan investors.

FWIW, Putin has deemed the Petro forbidden to be sold/purchased to Russians for the time being. Despite the fact that the Russians are the ones who developed this scheme! I wonder what Putin knows???
October 27, 2018

Jair Bolsonaro will win in Brazil (leftist opinion from Venezuela)

Jair Bolsonaro will win in Brazil with 57% of the votes and the left agonizes in Latin America
By: Javier Antonio Vivas Santana | Friday, 10/26/2018 2:21 PM

Translated from Spanish

There are many interpretations that have been given about the eventual triumph of a right-wing candidate to lead the destiny of Brazil during the next four years, starting in 2019 that even the ex-President Fernando Henrique Cardoso wrote an article trying to respond to that fact political.

I apologize to all those analysts who are searching within Brazil for answers to this political phenomenon, but there are only two responses to this electoral event. The first is, without doubt, the disqualification of Lula de Silva , unfair or not, due to his arrest for alleged acts of corruption related in part to the oil company Odebrecht that has led to more than one politician in Latin America, except in Venezuela, where the entire madurista hierarchy practically lacks writing a second part of the Apocalypse, explaining that they and their followers have assured immortality in heaven.

The second reason for Jair Bolsonaro to consolidate as president of the Republic of Brazil, over the candidate Fernando Haddad of the Workers' Party, that is, Lula's political organization has to do directly with the disaster of the government of Nicolás Maduro in Venezuela, which has influenced the left in Argentina and now Brazil in a deep way in political terms, especially when the hegemony that the Kirchners maintained and then Lula himself in those countries of the region were broadly linked with the presidency that Chávez exercised in Venezuela.

Even in the case of Brazil, Chávez's influence was such that towards the end of 2006 when Lula was ready for re-election, a few days after the elections in that country, the then Brazilian president came to Venezuela to a political event to consolidate the support of his Venezuelan counterpart.

-snip-

https://www.aporrea.org/internacionales/a271061.html

Aporrea is a website devoted to Chavismo and the sacred memory of Hugo Chavez.

Haddad and the Workers Party in Brazil have attached their wagon unapologetically to Chavismo. Brazilians aren't blind. Even the most faithful opponent to right wing ideology in Brazil sees the disaster that is Venezuela every day. What was once the most envied country in all of Latin America, rich in resources and culture has become an absolute cesspool. Those who can are pouring across the borders to Colombia and Brazil with NOTHING. A humanitarian crisis of epic proportions, and Haddad can't bring himself or the WP to disavow the Chavista scumbags.
October 24, 2018

Aporrea: No more autonomous and "private" universities under new Chavismo constitution

The new "constitution" will eliminate UCV, USB, ULA, UDO, UC, LUZ, UCLA, UNA, UPEL and private universities
By: Javier Antonio Vivas Santana | Monday, 10/22/2018

translated from Spanish

What could be considered as the last assault on the seizure of power will be generated as soon as the constitutional slop is approved that the illegal and illegitimate "constituent" is writing behind the backs of the people through who was a staunch anti-Chavez, and now turned into a maximum panegírico madurista, Hermann Escarrá, who is along with Diosdado Cabello and other three or four of those who make up the madurista hierarchy the only ones who know such an affectation with which they intend to finish taking over the country and our lives, although now Cabello himself says he could be through a "reform", which is nothing more than a way to lower tensions, because if so, it would be obvious that such a dependency madurista, was created with the purpose of liquidating unconstitutionally the National Assembly,and materialize the totalitarian state.

In fact, we said that this "constituent" would review the pre and postgraduate degrees of teachers and journalists, and that has been happening surreptitiously¹. It is not only that in the case of teachers their labor rights are unknown from the Ministry of Education, as well as the same dependency that regulates the university environment, when practically all were condemned to earn a minimum salary regardless of their academic degree, but in In the case of social communicators, the persecution has been implacable, to the point that (self) censorship is part of seeing the disappearance of programs that report in a truthful and timely manner, as established in the current Constitution.

So we have national universities such as the Central University of Venezuela (UCV), Simón Bolívar University (USB), Los Andes University (ULA), Universidad de Oriente (UDO), University of Carabobo (UC), Universidad del Zulia ( LUZ), Lisandro Alvarado West University (UCLA), National Open University (UNA) and Universidad Pedagógica Experimental Libertador (UPEL) will all be eliminated in that "constitution" latrine that prepares madurismo. It is not only the elimination of university autonomy, but all of them, depending on their faculties in social sciences, will remain as redoubts of the Bolivarian University of Venezuela (UBV) as the only "national university".

Therefore, it is no accident that from an official news portal in Cuba announces the inauguration of the "Experimental University of Teaching" ², without even having a structure and logistics both curricular and academic, but that it only comes to "legalize" the postgraduate programs that will be taught and only recognized by the Ministry of Education, which, of course, will only be studied in the same schools and lyceums, that is, the fourth and fifth level studies will not be endorsed by this institutional dependency. Dictated by national universities in the case of the education career. In others, words, both the UPEL and the chairs of education of the rest of the universities would be assassinated with the creation of that training mamotret of the new."

-snip-

https://www.aporrea.org/educacion/a270876.html

Chavismo is unilaterally undertaking a "re-writing" of the Venezuela Constitution. (Chavez' previously re-written Venezuelan constitution in 1999) Where before the people voted on the desire for a new Constitution, Maduro and his ilk decided they didn't need to ask the people** if they wanted a new and improved "Chavista Friendly" Constitution that gives them the same awesome rights that the Castroists have in Cuba. Which is handy, since the Cubans are basically writing the Constitution for them.

No longer will student be taught anything that isn't Chavista approved, and every school will provide a proper historical perspective of the struggle that is Bolivarian Socialism and the heroes of such struggle. Which, shouldn't be too difficult since hardly any child attends school, and the universities are empty. (lack of teachers, students too busy digging through garbage to find a meal)

**Maduro did ask the people to go and vote if they wanted a referendum. It was rigged from the beginning, and the question wasn't yes or no... just "yes". Even the people who made the machines (Smartmatic) claimed fraud. Maduro claimed MILLION demanded a new Constitution. But, Maduro claims all sorts of nonsense.

October 24, 2018

Venezuela to default on Chinese loans

PDVSA close to falling into default with China, according to Argus Media
By: Banking and Business | Tuesday, 10/23/2018 04:23 PM

translated from Spanish

23-10-18. - The payment of the Venezuelan debt with China is close to falling into default due to the need of Petroleos de Venezuela (Pdvsa) to use the oil with which it pays that debt to sell it and improve its flow of cash, according to a report by the Argus Media agency.

China is Venezuela's largest single creditor and the recipient of the largest volume of oil exports that PDVSA records as oil debt payments. In that sense he is the most likely candidate for a breach in the form of cuts in oil deliveries, an official told Argus Media that did not detail his name.

"Whether due to a deal negotiated in the coming weeks or due to force majeure, China tops the list of possible oil supply cuts, as the government and PDVSA seek ways to generate more revenue," he said.

The Venezuelan debt with China stands at $23 billion, the remaining balance of a total debt of $56 billion corresponding to the agreement called the Chinese Fund, signed in 2008.

-snip-

https://www.aporrea.org/economia/n333300.html
October 23, 2018

VZ minister assume control of local police after police mutinies, "insubordination"

https://www.youtube.com/watch?time_continue=3&v=WnwPdTVLRRQ

Intervened Polichacao for "insubordination", announces Reverol
Message by redaccion_er » 23 Oct 2018, 11:36

Elías Rivas / October 23, 2018.- The Minister of the Interior and Justice, Néstor Reverol, announced on Tuesday the intervention to the Municipal Police Force of Chacao for "insubordination."

"From the Ministry of the Interior, Justice and Peace, the Governing Body of the Police Service, we initiated an investigation into alleged acts of indiscipline and insubordination in the Municipal Police Force of Chacao, made public and notorious through the dissemination of a video on networks social, "he said.

Reverol explained that "this type of conduct makes us take decisive actions aimed at the beginning of a process of intervention and designation of new authorities, according to the powers established in the Organic Law of the Police Service and its regulations," he said.

This action taken by the Minister is in response to an "impasse" between the police director, Commissioner Luis Godoy, and a supervisor named Aponte, who can be seen in a video -exhibited on social networks- where they are also heard strong insults from both sides.

http://www.noticierodigital.com/forum/viewtopic.php?t=111381

Looks like the wheels are coming off the Chavista wagon. The police are not getting paid. When they do get paid, they can't get cash (which is increasingly useless) Crime is through the roof. Violent crime is the worst in the world. But they are expected to swear allegiance and enforce the dictates of the Bolivarian Revolution (not the Republic of Venezuela).

This is how it is going to start. The Chavist Commissioner is going to get an anonymous bullet. And when the "Bolivarian National Police" assume control, it will be a shitstorm when every local officer resigns. (As is the normal when the PNB shows up and takes over.)
October 23, 2018

Caracas enters 3rd day without electricity. Excuses galore from Chavismo!

Sectors of Greater Caracas have been without light for more than 48 hours
October 23, 2018

Elías Rivas / October 23, 2018.- Campo Elías, Altos de Lídice, La Pastora, La Candelaria, are some sectors of Caracas that have been without light for more than three days.

This is reported by neighbors through Twitter, denouncing the discomfort to the Minister of Electric Energy, Luis Motta Domínguez.

"Good day we are without light, please someone to give us an answer what is happening. Without electric service from Sunday at 12 pm Main Avenue asylum Campo Elías, in front of the Caracas psychiatric hospital ", says @ Yohe2885.

The user, Roberto Ramírez, also echoes the complaint and says he has been without light for three days in Campo Elías street, Altos de ldice, La Pastora.

Similar situation is experienced in Paya, Suripa, Las Vegas and in the trinity, Baruta-Caracas industrial zone, Caricuao, as manifested through Twitter.

The sector Luis Hurtado de El Junquito also presents the same conditions since dawn on Tuesday, neighbors claim how a "power country" is "without public services on a regular and constant." "Power towards extreme misery", comments Fátima Soares, on Twitter.

In the Monsenor Arias sector and in the Mariche Ranges, the situation is more complex, both areas have been without power for six days, according to claims of those who reside in these areas. Coincide through Twitter in demanding the minister Luis Motta Domínguez to "fix the chaos." They ask for help, "this is not life," they add.

The newspaper Avance said that more than 15 sectors of the capital city of Mirandán have been affected by power failures since Monday. Communities such as La Matica, Barrio Miranda I and Los Alpes were dark from 3 in the morning until the end of Monday afternoon.

https://twitter.com/deyadelgado/status/1054736224047562752

http://www.noticierodigital.com/2018/10/sectores-de-la-gran-caracas-llevan-mas-de-48-horas-sin-luz/

Sabotage again? Iguanas trained by the CIA? Sun too hot in Venezuela (but not in Colombia?) It appears that Caracas, which RARELY has power issues (that is where the Marxist elite live) has now run out of transformers, and the electrical grid (no updates in nearly 20 years) is collapsing, joining the rest of Venezuela with only 6 hours per day (on average) of electrical power.

Another Bolivarian Revolution win.
October 22, 2018

The destruction of Caracas. "Why take the straight road when the crooked one is better?"



Rebar and Cement Thieves Destroy What’s Left of Caracas
By Ana Victoria Silva - October 22, 2018

The theft of construction supplies has become normal all over the country for the past several years. Whether it’s abandoned buildings, unattended, unfinished constructions or transport trucks and private providers, chances are it’s all gonna get stolen. There are multiple causes behind this, like the shortage of materials, their steep prices and opportunism.

Many of the robbers do this to build, finish or expand their homes, which tend to be shacks or very rural buildings in precarious environments, while others steal to sell the rebar, cement and other supplies obtained illegally and dangerously, in what we could call the construction business’ black market.

We visited various hardware stores in western Caracas over the course of two weeks between September 24 and October 10, 2018, to give you an idea of the prices on some construction supplies. None of the places we visited sold cement. In fact, one of the sellers in a small hardware store, in a low-income area, said that he hasn’t seen a cement pack in a year and a half. Several stores have ½ and ⅜ rebar, as well as sand and other mixes. On average, the ½ rebar’s price (they’re six meters long) was Bs.S. 460, the ⅜ rebar was Bs.S. 380 and the pack of sand (21 kilos), Bs.S. 1,200. Note that we use “was” because with rampant hyperinflation, prices don’t usually last more than two weeks. They will have doubled or tripled by the time this piece is published.

-snip-

https://www.caracaschronicles.com/2018/10/22/rebars-and-cement-thieves-destroy-whats-left-of-caracas/

It should surprise no one that El Pueblo has become accustomed to thievery, since the past 19 years has seen Venezuela absolutely LOOTED by Chavismo.
October 21, 2018

Venezuela dictator Maduro gives "communes" sole discretion to mine the mythical Petro

President Maduro announced the creation of a plan to grant the power to mine El Petro to the communes



translated from Spanish

Caracas, October 21 - The President of the Republic, Nicolás Maduro, announced the creation of a plan to grant the mining of the Venezuelan cryptomer El Petro to the country's communes.

"A plan for the distribution of El Petro in all the communes of the country and the power to undermine the communes," said Maduro who also approved the creation of "the Bolivarian University of the Communes of Venezuela."

He also denounced a sabotage campaign by the Mexican government to import products from the Clap boxes.

"The government of Mexico tries to prosecute the employers who work with the government of Venezuela" said the president during his participation in the plenary of the Congress of the Communes, which said that "Venezuela is ready to continue buying the products commercial".

Also, Maduro, asked the members of the communes to "extend the congress for two more months"

On the other hand proposed to the president of the National Constituent Assembly (ANC), Diosdado Cabello, give constitutional status to the laws of the communal councils created during the government of President Chávez.

"I agree to give constitutional rank through the National Constituent Assembly (ANC) to all the communal laws that were created during the government of Comandante Chávez."

-snip-

https://www.aporrea.org/economia/n333190.html

(Aporrea is a website devoted to the legacy of Hugo Chavez. Very partisan to Marxism)

Well, I guess there isn't enough "rolleyes" emojis to place in this story.

The authority to mine a cryptocurrency that doesn't exist except in Maduro's mind. No place to purchase the cryptocurrency offered by the same people who have devastated an economy that was once the envy of Latin America. A white paper that can't be seen. No wallet. No transparency. No ledger. No block chain. No one redeems it either.

But, he is giving them the authority to mine it, so that must be a nod to their importance. Or something.
October 20, 2018

Venezuela bans US dollar transactions in bizarre twist as economy spirals out of control

Dollars Are Out, Euros Are In as U.S. Sanctions Sting Venezuela
By Andrew Rosati and Fabiola Zerpa
October 16, 2018, 3:28 PM CDT



Venezuela said* it will shun the greenback and inject 2 billion euros ($2.3 billion) into its sinking economy as U.S. sanctions limit the cash-strapped nation’s access to capital markets.

Economy Vice President Tareck El Aissami said Tuesday that going forward all government auctions of foreign exchange would be quoted in euro, yuan and other hard currencies due to a so-called financial blockade imposed by the administration of U.S. President Donald Trump and the country’s political opposition.

“Various actors continue to attack our financial system," El Aissami said in remarks broadcast on television. “We are not going to give in to foreign and imperialist interests.”

Venezuela’s ruling socialists have struggled to tame hyperinflation and address the collapse of what had once been one of Latin America’s most affluent countries: Wide-scale hunger, and the breakdown of public services has seen millions of citizens flee the oil-rich country for neighboring countries, creating region’s largest-ever migration crisis.

President Nicolas Maduro has vowed* to bring about economic recovery since winning another six-year term in widely-criticized election this year. Still, his administration has struggled to attract much needed investment amid a raft of sanctions on Venezuelan debt and its beleaguered oil sector. The government’s actions Tuesday won’t alter the hard fact that it’s the black market where Venezuelans go to acquire dollars.

-snip-

https://www.bloomberg.com/news/articles/2018-10-16/dollars-are-out-euros-are-in-as-u-s-sanctions-sting-venezuela?srnd=politics-vp

*The Chavistas make all sorts of wild claims. Most recently, Maduro said that all important transactions will be in the new cryptocurrency, the Petro. Unfortunately, it cannot be purchase anywhere, and cannot be redeemed for hard currency if it could. A crypto that does not exist. He also said that the Chavista Loyalty Card would be required to purchase low cost fuel. Except it cannot be implemented. He says there is plenty of food and at reasonable prices. NONE. He says that there is plenty of medicine and that healthcare is free. NONE/NOPE.

The vast majority of non oil currency coming into Venezuela is in the form of remesas, or remittances from Venezuelans abroad. This is in US dollars, the easiest convertible currency. To convert from USD to Euro, the exchanges takes a percentage and a cut. This means that USD needs to be converted to Euro (CHING!) then bolivars (double CHING!) and value is lost. Despite Maduro's histrionics, oil is bought/sold in US dollars. Which Maduro will loose millions per transaction through the conversion process.

Not that they care. What matters is the Revolution.
October 20, 2018

Venezuelan dictator promises "more oil" for China as Venezuelan oil industry collapses

Maduro: We will take 1,000,000 barrels of oil a day to China
The president of Venezuela urged Manuel Quevedo, Minister of Petroleum, that "the goal be achieved 'rain, shine or lightning'"

By THE NATIONAL WEB
OCTOBER 19, 2018 05:27 PM | UPDATED ON OCTOBER 19, 2018 9:55 PM

Translated from Spanish

President Nicolás Maduro assured this Friday, during a press conference, that he will increase the export of oil to China to 1,000,000 barrels per day.

"I confirm with my being and all my strength that we are going to reach 1,000,000 barrels of oil a day to China," said Maduro.


El Jefe, in all of his glory. Surrounded by military men who haven't fired a weapon. EVER.

He indicated that Manuel Quevedo, Minister of Petroleum, and the workers of Petróleos de Venezuela (Pdvsa) are responsible for achieving the goal "rain, shine or lightning."

The event took place during a flag of businessmen who will participate in the first Import Féria of China, from the Ezequiel Zamora Hall of the White Palace of Miraflores, in Caracas.

http://www.el-nacional.com/noticias/economia/maduro-llevaremos-1000000-barriles-petroleo-diarios-china_256500

So, there you have it. Maduro wishes it, and so it happens. Like magic, Maduro pulls 1 million barrels of tarry crude oil out of his ass and sends it to China. (the fact that this "mystery oil" is not generating a worthless bolivar in income and is for past debts is meaningless?)

That's life in todays Venezuela. No food? NO PROBLEM FOR MADURO! He will provide FREE FOOD FOR ALL... tomorrow. No medical care? No medicine? No electricity in the hospitals? NO PROBLEM. Maduro wills it to be, therefore FREE HEALTHCARE and the electrical grid is fully repaired.... tomorrow.

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