- Thread starter dv8
- Start date
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
venezuela sells petrocaribe DR debt
There is an embargo against Iran's oil exports.
Soooooooooooooooooo, they just ship it to Venezuela,where it "Becomes" Venezuelan oil, then Venezuela sells it as Venezuelan oil.
Everyone, including the USA, who wants the oil,just looks the other way.
"Global Economics"!!!!!!!!
CCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCC
Soooooooooooooooooo, they just ship it to Venezuela,where it "Becomes" Venezuelan oil, then Venezuela sells it as Venezuelan oil.
Everyone, including the USA, who wants the oil,just looks the other way.
"Global Economics"!!!!!!!!
CCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCC
Just like conflict diamonds there is conflict oil. Super tankers are disappearing all over the world and showing up some time later empty. That crude has to be refined. It's going somewhere.
Misery loves company. BOHICA.
Ha. Hadn't heard the BOHICA thing since the military. Got BOHICA''d on a regular basis.
in the news today: Es oficial: Venezuela vendi? la deuda de US$4 mil millones de RD con Petrocaribe - Acento - El m?s ?gil y moderno diario electr?nico de la Rep?blica Dominicana
Venezuela vende con descuento parte de su deuda petrolera a Goldman Sachs | El Nuevo Herald
venezuela has sold dominican debt for petrol to american banking institution goldman sachs. how do you think it will affect dominican economy?[/QUOTE
It's a good deal for Goldman Sachs if they can collect the debt in a timely manner. Venezuela is joke. They have destroyed their economy and their country in the process.
in the news today: Es oficial: Venezuela vendi? la deuda de US$4 mil millones de RD con Petrocaribe - Acento - El m?s ?gil y moderno diario electr?nico de la Rep?blica Dominicana
Venezuela vende con descuento parte de su deuda petrolera a Goldman Sachs | El Nuevo Herald
venezuela has sold dominican debt for petrol to american banking institution goldman sachs. how do you think it will affect dominican economy?[/QUOTE
It's a good deal for Goldman Sachs if they can collect the debt in a timely manner. Venezuela is joke. They have destroyed their economy and their country in the process.
Socialism destroyed an economy? Big shocker. Yet much of the world continues with various forms of that failed experiment. Argentina is not far behind venezuela.
Socialism destroyed an economy? Big shocker. Yet much of the world continues with various forms of that failed experiment. Argentina is not far behind venezuela.
yes; that is why countries in Scandinavia and Western Europe are such failures.
i keep wondering why it is that every year when they publish the Human Development Index, those socialist gulags always seem to top the world in most categories.
yes; that is why countries in Scandinavia and Western Europe are such failures.
i keep wondering why it is that every year when they publish the Human Development Index, those socialist gulags always seem to top the world in most categories.
Yeah because scandinavia has 80% that take out of the system more than they put in.
Yeah because scandinavia has 80% that take out of the system more than they put in.
and the USA has 1% that does the same. only difference is that the 1% takes everything, leaving the other 99% to eke out a living on the scraps.
A couple of things need to be factored in. The education level and the corruption level. In European countries they don't seem on the surface anyway to have the level of corruption as Emerging Nations or out right Third World countries.
and the USA has 1% that does the same. only difference is that the 1% takes everything, leaving the other 99% to eke out a living on the scraps.
Not part of the 1%......but I sure do enjoy those scraps the 1% have left me.
And since Venezuela does not even have scraps for the people.....I bet the people would enjoy them too.
Ditto for the DR.
Respectfully,
Playacaribe2
Not part of the 1%......but I sure do enjoy those scraps the 1% have left me.
And since Venezuela does not even have scraps for the people.....I bet the people would enjoy them too.
Ditto for the DR.
Respectfully,
Playacaribe2
you enjoy what they have left for you. there are people for whom they have left next to nothing. we see things differently. it appears that as long as you get yours, devil take the hindmost. i can't live in that mindset. i believe that we are all in this together, and it pains me to see people working full time for 10 dollars per hour, while the guys who own the companies they work for own 10 houses and four Lear Jets.
that is just me. call me a bleeding heart liberal. or even a commie pinko.
I have enjoyed reading and getting a glimpse into how this international financial transaction worked. It has been an interesting discussion. I would hope that we not get into a battle between socialists and capitalists.
who is the socialist?
I have enjoyed reading and getting a glimpse into how this international financial transaction worked. It has been an interesting discussion. I would hope that we not get into a battle between socialists and capitalists.
It's hard not to here.
Gorgon and I generally agree to disagree.
However, you have the Socialists in Venezuela having discussions with the Capitalists, Goldman Sachs, about debt owed by the DR..that tends to lean whichever way the wind blows.
One thing for sure, with or without a debt deal, Venezuela will likely default on all or part of its debt in 2015. The outlier to this scenario would be regime change and/or an IMF bailout
Respectfully,
Playacaribe2
It's hard not to here.
Gorgon and I generally agree to disagree.
However, you have the Socialists in Venezuela having discussions with the Capitalists, Goldman Sachs, about debt owed by the DR..that tends to lean whichever way the wind blows.
One thing for sure, with or without a debt deal, Venezuela will likely default on all or part of its debt in 2015. The outlier to this scenario would be regime change and/or an IMF bailout
Respectfully,
Playacaribe2
two guys playing a high stakes game of chicken. both Goldman and Venezuela know that it will be a cold day in hell before the DR pays a penny of the Petrocaribe debt. heck, the DR government owes their own electricity providers over a billion dollars, and won't pay them, even though it could result in the shutdown of electricity. why should they pay Venezuela? Venezuela is willing to sell the debt for whatever they can get, because anything is better than a total loss. Goldman maybe blinked at the last moment, because they know deep down that the debt is worthless, and that it might contaminate any tranches they hope to sell. with new transparency rules regarding derivatives, they must be having second thoughts. the debt seems to be radioactive.
two guys playing a high stakes game of chicken. both Goldman and Venezuela know that it will be a cold day in hell before the DR pays a penny of the Petrocaribe debt. heck, the DR government owes their own electricity providers over a billion dollars, and won't pay them, even though it could result in the shutdown of electricity. why should they pay Venezuela? Venezuela is willing to sell the debt for whatever they can get, because anything is better than a total loss. Goldman maybe blinked at the last moment, because they know deep down that the debt is worthless, and that it might contaminate any tranches they hope to sell. with new transparency rules regarding derivatives, they must be having second thoughts. the debt seems to be radioactive.
You are correct about the electricity debt.
But I would venture if this deal with Venezuela and GS goes through...GS gets paid...and handsomely.
http://www.dominicantoday.com/dr/ec...ebt-with-power-companies-breaks-US10B-ceiling
Respectfully,
Playacaribe2