Venezuela: women told to "stop using hair-dryers to save electricity"

[May90]

That's all of our countries soon, I'm not even laughing.

But Donald Duck will save us all from impending doom, right?

[oxymoronic]

Well, many blamed Nixon for taking the U.S. off the gold standard in '71, which in fact caused the Saudis problems re oil revenue. Along with that, 'Tricky Dick' as his nickname became (and his Vice Pres. Agnew had been caught in a kickback scam, had to resign and later plead 'no contest' to a tax evasion beef) was becoming reviled for the Watergate cover-up that forced his resignation in August '74.

https://en.wikipedia.org/wiki/1973_oil_crisis

No one trusted the gov't except a few die-hard nutty Nixon supporters. Of course, they all hated the dirty AY-rabs. Though I remember most people thinking it was a bullshit deal by the gov't in cahoots with the oil co's for screwing us at the gas pumps, heating oil, and such. Some of that was probably true.

from the one min research i just did it appears it started when usa gave israel financial aid. in which opec couldnt handle that and pushed an embargo raising the prices. also getting off the gold standard was necessary, everybody agrees on that now.

[Independent voter]

[Celista]

from the one min research i just did it appears it started when usa gave israel financial aid. in which opec couldnt handle that and pushed an embargo raising the prices. also getting off the gold standard was necessary, everybody agrees on that now.

There is not enough available gold in the entire world for the US to return to the gold standard.

This topic seems popular lately because one of the Republican candidates was talking about returning to the gold standard. I forget which one it is because they all seem legitimately retarded this election season...might have been either Trump or Cruz. Or both.

[Caolela]

from the one min research i just did it appears it started when usa gave israel financial aid. in which opec couldnt handle that and pushed an embargo raising the prices. also getting off the gold standard was necessary, everybody agrees on that now.

True in part perhaps, but the U.S. exiting Bretton Woods also had an impact, as you might have noticed had you read the link, (hey kids, a few seconds of scanning a couple lines on a webpage does not "research" make).

From the link I posted:

On August 15, 1971, the United States unilaterally pulled out of the Bretton Woods Accord. The US abandoned the Gold Exchange Standard whereby the value of the dollar had been pegged to the price of gold and all other currencies were pegged to the dollar, whose value was left to "float" (rise and fall according to market demand).[7] Shortly thereafter, Britain followed, floating the pound sterling. The other industrialized nations followed suit with their respective currencies. Anticipating that currency values would fluctuate unpredictably for a time, the industrialized nations increased their reserves (by expanding their money supplies) in amounts far greater than before. The result was a depreciation of the dollar and other industrialized nations' currencies. Because oil was priced in dollars, oil producers' real income decreased. In September 1971, OPEC issued a joint communiqué stating that, from then on, they would price oil in terms of a fixed amount of gold.[8]

This contributed to the "Oil Shock". After 1971, OPEC was slow to readjust prices to reflect this depreciation. From 1947 to 1967, the dollar price of oil had risen by less than two percent per year. Until the oil shock, the price had also remained fairly stable versus other currencies and commodities. OPEC ministers had not developed institutional mechanisms to update prices in sync with changing market conditions, so their real incomes lagged. The substantial price increases of 1973–74 largely returned their prices and corresponding incomes to Bretton Woods levels in terms of commodities such as gold.

Don't be so quick to go partisan and rush to defend a politician because he/she happens to be in your fave party. As I said anecdotally, rightly or wrongly a lot of people blamed Nixon at the time. I was there.

And some might disagree about leaving Bretton Woods, since one effect it had was allowing the U.S. to use petrodollars as the world reserve currency, in turn allowing the U.S. to run massive deficits/debt to fund excessive militarism and illegal wars. That's a whole other can of worms.

These topics are fairly more complex than one minute of "research" on the intarwebs will show you.

[oplawlz]

I don't see anything outrageous about the request. I remember reading a few years back that California was going to require regulators on your AC so you can't keep your house as cool as you want it.

[oxymoronic]

True in part perhaps, but the U.S. exiting Bretton Woods also had an impact, as you might have noticed had you read the link, (hey kids, a few seconds of scanning a couple lines on a webpage does not "research" make).

From the link I posted:




Don't be so quick to go partisan and rush to defend a politician because he/she happens to be in your fave party. As I said anecdotally, rightly or wrongly a lot of people blamed Nixon at the time. I was there.

And some might disagree about leaving Bretton Woods, since one effect it had was allowing the U.S. to use petrodollars as the world reserve currency, in turn allowing the U.S. to run massive deficits/debt to fund excessive militarism and illegal wars. That's a whole other can of worms.

These topics are fairly more complex than one minute of "research" on the intarwebs will show you.

actually it informed me of that as well... dont be mad i can research a topic in less than a min and understand more about it than you currently do.

[Hemak]

Reminds me of that old joke:

What did the communist use before candles?
Electricity!

Ba-dum thsss

[Caolela]

actually it informed me of that as well... dont be mad i can research a topic in less than a min and understand more about it than you currently do.

When you have any clue of what actual research consists of, let us know. And I've been studying these issues since before you were off your mom's tit.

[Yubarl]

This is hurtful to see in a chart, in 2010 I used to complain because I had to pay twice as much the official exchange rate per dollar. Now I have to pay waaaaaay more. I'm venezuelan )':

[Easo]

Anyone taking bets on how long before the goverment falls?

[TrumpIsPresident]

Viva la Partido Comunista de Venezuela!

Viva la Partido Socialista Unido de Venezuela!


Take note people, this is what the end of a nation looks like.

No water, no food, no healthcare, rampant killings.

In the poor neighborhoods, which is pretty much all of them, when people are shot int he streets their corpses are just left there to rot.

There's no police that will come to investigate because chances are the police are the ones who killed the person in the first place.

There's no morgue to take the corpse to because civil services are shut down.

There's no gravedigger to hire to put the body in the ground, not that anybody could pay for the service anyways.

THIS IS WHAT THE APPLICATION OF DICTATOR STYLE PSUDO-SOCIALISM AND PARA-COMMUNIST LOOKS LIKE.

Push the anti-capitalism ideals, implement the anti-business policies, support the anti-success mindset.

The rich (politicians) and the strong (mafia) will survive in Venezuela.

The people will suffer.

[satimy]

But Donald Duck will save us all from impending doom, right?

Donald Trump couldnt fuck this country up as bad as Venezuela, fuck not even Sara Palin could do that

[TrumpIsPresident]

Reminds me of that old joke:

What did the communist use before candles?
Electricity!

Ba-dum thsss

I laughed out loud at that.
Made remember this one:

America is capitalist and greedy > yet half of the population is subsidized.

Half of the population is subsidized > yet they think they are victims.

They think they are victims > yet their representatives run the government.

Their representatives run the government > yet the poor keep getting poorer.

The poor keep getting poorer > yet they have things that people in other countries only dream about.

They have things that people in other countries only dream about > yet they want America to be more like those other countries.

[Kezotar]

Venezuela is what happens when socialists take over and run a country.

Free money, that's what they think when they hear socialism.
We actually do need those greedy capitalists, they're the one creating jobs that are consistent with the market. You can't create artificial jobs, it has to be profitable. It has to have a future, a goal, a reason to be picked over the others. Socialism is good in theory, absolutely terrible in practice.

[Caolela]

Let's try this in more realistic terms, shall we?




America is capitalist and greedy > and most of the corporations are subsidized.

Most of the corporations are subsidized > yet they think they are victims.

They think they are victims > yet their representatives run the government.

Their representatives run the government > and the rich keep getting richer.

The rich keep getting richer > and they have things that people in other countries only dream about.

They have things that people in other countries only dream about > yet they want America to be more like a total oligarchy.