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Venezuela—finally and officially—defaulted on its bonds
LoP Guest
lop guest
User ID: 426992
11-14-2017 06:44 PM

 



Post: #1
Venezuela—finally and officially—defaulted on its bonds
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For a country whose people are running short on food and medicine, Venezuela has kept a surprisingly good record of paying its debts on time. But this week, one of the country’s last vestiges of normalcy was erased when credit rating firm Standard & Poor’s said the country was in default.

Though it has teetered on the brink for years, Venezuela recently failed to make $200 million in coupon payments on bonds worth $5 billion owed to foreign creditors, according to S&P. The government held a meeting with bondholders in Caracas on Nov. 13 about a debt restructuring (generally considered akin to default), which is typically used to determine how much less investors will be paid than officially owed.

Venezuelans wait for hours to buy food, but creditors at the restructuring meeting were given gift bags filled with state-produced chocolate and coffee, according to Bloomberg. It lasted about 30 minutes, and vice president Tareck El Aissami, Venezuela’s debt negotiator, mainly used the meeting as a chance to complain about Donald Trump.


https://qz.com/1128894/venezuela-has-fin...ing-to-sp/
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LoP Guest
lop guest
User ID: 397555
11-14-2017 06:46 PM

 



Post: #2
RE: Venezuela—finally and officially—defaulted on its bonds
Good idea, everyone needs to default on their criminal unpayable debts so we an actually start over.
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LoP Guest
lop guest
User ID: 397555
11-14-2017 06:49 PM

 



Post: #3
RE: Venezuela—finally and officially—defaulted on its bonds
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LoP Guest
lop guest
User ID: 424127
11-14-2017 06:50 PM

 



Post: #4
RE: Venezuela—finally and officially—defaulted on its bonds
LoP Guest  Wrote: (11-14-2017 06:49 PM)
I just like this song





https://www.youtube.com/watch?v=ddpl1zl5sYg




X
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LoP Guest
lop guest
User ID: 426992
11-14-2017 06:57 PM

 



Post: #5
RE: Venezuela—finally and officially—defaulted on its bonds
Venezuela Officially DEFAULTS on Its Debt! Market Predicts Complete Failure!


http://www.salary.mobi/watch.php?vid=f9a9e4b93
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LoP Guest
lop guest
User ID: 436066
11-14-2017 06:59 PM

 



Post: #6
RE: Venezuela—finally and officially—defaulted on its bonds
LoP Guest  Wrote: (11-14-2017 06:46 PM)
Good idea, everyone needs to default on their criminal unpayable debts so we an actually start over.

f*#k yes and then the USA can do the same and we win again
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LoP Guest
lop guest
User ID: 397555
11-14-2017 07:13 PM

 



Post: #7
RE: Venezuela—finally and officially—defaulted on its bonds
LoP Guest  Wrote: (11-14-2017 06:59 PM)
LoP Guest  Wrote: (11-14-2017 06:46 PM)
Good idea, everyone needs to default on their criminal unpayable debts so we an actually start over.

f*#k yes and then the USA can do the same and we win again

Need to get back to raw talent, skill and ability. This fake system they've developed based on skin color or sex just puts incapable people into positions of authority.

The only way that can work is if talent skill and ability are not factors in promotion, thus the equal opportunity system rules.

Perfect segue to rule by automation.
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Happy Bear
Registered User
User ID: 409706
11-14-2017 07:20 PM

Posts: 5,215



Post: #8
RE: Venezuela—finally and officially—defaulted on its bonds
I feel sorry for the Venezuelan people. They’re struggling to get the basics....

Creditors can afford to take the loss.
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LoP Guest
lop guest
User ID: 397555
11-14-2017 07:32 PM

 



Post: #9
RE: Venezuela—finally and officially—defaulted on its bonds
Happy Bear  Wrote: (11-14-2017 07:20 PM)
I feel sorry for the Venezuelan people. They’re struggling to get the basics....

Creditors can afford to take the loss.

That's because they are deluded, they keep electing psychopaths and failed political ideologies and expect their leaders to provide prosperity.

It doesn't work that way.
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LoP Guest
lop guest
User ID: 396841
11-14-2017 07:52 PM

 



Post: #10
RE: Venezuela—finally and officially—defaulted on its bonds
I wonder if there are some bargains down there?
A modest condo on a golf course near a beach,,, with a
few other amenities would be nice.
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LoP Guest
lop guest
User ID: 426992
11-14-2017 07:53 PM

 



Post: #11
RE: Venezuela—finally and officially—defaulted on its bonds
Bump pin request. There is a reason why the US is so
interested in Venezuela. This could trigger something

major.
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Adytum
Anti-Antifa
User ID: 415416
11-14-2017 08:31 PM

Posts: 12,503



Post: #12
RE: Venezuela—finally and officially—defaulted on its bonds
Yet more proof -- if anybody needed it -- that socialism works!


It works to destroy whole nations and economies very well.


Cheer
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Happy Bear
Registered User
User ID: 409706
11-14-2017 08:50 PM

Posts: 5,215



Post: #13
RE: Venezuela—finally and officially—defaulted on its bonds
LoP Guest  Wrote: (11-14-2017 07:32 PM)
Happy Bear  Wrote: (11-14-2017 07:20 PM)
I feel sorry for the Venezuelan people. They’re struggling to get the basics....

Creditors can afford to take the loss.

That's because they are deluded, they keep electing psychopaths and failed political ideologies and expect their leaders to provide prosperity.

It doesn't work that way.

So punishing US sanctions aren’t to blame then. Good to know.

/sarc
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LoP Guest
lop guest
User ID: 397555
11-14-2017 08:53 PM

 



Post: #14
RE: Venezuela—finally and officially—defaulted on its bonds
Happy Bear  Wrote: (11-14-2017 08:50 PM)
LoP Guest  Wrote: (11-14-2017 07:32 PM)
That's because they are deluded, they keep electing psychopaths and failed political ideologies and expect their leaders to provide prosperity.

It doesn't work that way.

So punishing US sanctions aren’t to blame then. Good to know.

/sarc

Correct, they have oligarchy in Venezuela that works with our corporate criminals like GS.
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LoP Guest
lop guest
User ID: 433994
11-14-2017 08:55 PM

 



Post: #15
RE: Venezuela—finally and officially—defaulted on its bonds
They have to get Maduro outta there before World War III starts and oil prices spike again- *cough*

I mean, the people of Venezuela deserve freedom and democracy.
Pianobanana Band3 Troll14 passedout Csmeqmmd S301
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