Monthly Archives: June 2010

Norman in Andorra

CICPC director Wilmer Flores Trosels said today that Interpol hasn’t officially notified him yet of the arrest in Andorra of former CICPC anti-drug director Norman Puerta on charges of laundering $1 million in alleged drug money through a bank account … Continue reading

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Venezuela: Run Away

Venezuela: Run Away is the headline of veteran Venezuela analyst Walter Molano’s latest report on Venezuela, posted at Nouriel Roubini’s site. Very emotional, for a financial analyst; some excerpts, condensed by this blogger: “…the situation in Venezuela is…quickly spiraling out … Continue reading

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State’s new vision for the Americas

It doesn’t seem to matter if the US administration is Republican or Democrat. Either way, Latin America gets the shaft. Republican administrations war against drug traffickers, terrorists and communists in the region. They pay lip service to trade expansion, but … Continue reading

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BCV’s FX System: Fumando una Lumpia

It’s a bit mindboggling to see such insane stupidity up close and in action. The Central Bank’s new band system made its debut with lower/upper bands of BsF. 4.2-5.4 per dollar. Brokerage companies are history, but banks will be allowed … Continue reading

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Random Thoughts on Bolivarian Chaos

As a practical matter, the National Assembly elections on 26 September 2010 are irrelevant. Even if the political opposition manages to break President Hugo Chavez’s majority in the legislature, the new National Assembly will suffer the fate of Greater Caracas … Continue reading

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Food Wars

Weigh these words by Energy Minister/Pdvsa President Rafael Ramirez on 4 June at the official opening of a new Pdval food store. “The essence of the revolution is to satisfy the needs of the people. The issue of feeding (the … Continue reading

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Here we go again…

President Hugo Chavez ordered an investigation of Noticiero Digital after one of its regular columnists, Roberto Carlo Olivares (RCO), published a piece headlined: Los patriotas de las FAN en busca de Lucio Quincio Cincinato. RCO has been posting at ND’s … Continue reading

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Oilpocalypse

BP seems to be admitting that it’s in very deep shit. But the general public in the US remains ignorant of the magnitude and likely consequences of the worst oil spill in US history. Worse still, is that the oil … Continue reading

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Oil at $200?

It’s not unthinkable. The Bolivarian regime is almost out of cash, but this could change rapidly. Oil prices could jump, giving President Hugo Chavez an unexpected oil revenue windfall, if war erupts on the Korean Peninsula, if the Gaza crisis … Continue reading

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Chavez Eats the Bear

President Hugo Chavez blames capitalism for Venezuela’s deepening economic crisis. But the Bolivarian Revolution will set things right. One of the “solutions” that Chavez has in mind is expropriating the Polar Group’s assets nationally. “Look at yourself in the mirror … Continue reading

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