Tell me about Venezuela. Why is it so shitty?

Tell me about Venezuela. Why is it so shitty?

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revolution when?

Bump, I would also like to know this

Non white country

More like exclude them from the world bank...thats what did it.

Exact same reasons as why Chile became shit when Allende took power - socialist/borderline communist policies that bankrupted the people.

...

This.

>Venezuela's economy is directly linked to the oil price
>Hey OPEC, drop the oil price or ill fuck you up
>O-ok America
>Venezuela is now in crisis

Yeah, "socialism". Terrible.

Venzuelas are shitskins, not asian

There is no comparison

OPEC didnt drop the oil price, nice try though

You do realise thay venezuela is a member of OPEC?

Correct me if I'm wrong, but isn't the issue that Venezuela can not tap into tourism, oil and trade in general because the West doesen't like it's policies?

SUre but when you are against the favorite child Murca, then you get shit to eat

Quiet kid. Adults are talking.

that's not the case. Oil market is based on supply and demand. There was too many oil produces each day in the market, so prices went down.

Fking LEAF, have you not know...of course not you are a fking leaf

their women are at the top of the spectrum world wise...what about your leaf Flakes HA

en.wikipedia.org/wiki/Venezuela_at_major_beauty_pageants

not an argument.

It was bad before 2014 mate

wow, socialism evolves people out of grass?

Singapore is only where it is today because of colonialism

You have literally no clue about that issue. Venezuela *IS* a member of OPEC. America's taken the same hits, the only difference is that that's all Venezuela has to make money.

>88 percent of the population is Christian

They didnt you moron

Murican fracking boom led to an oil glut, Saudis and others refused to cut production because they dont want to lose market share. Venezuela got caught in the crossfire and fucking rekt because chavez spends all the oil money bribing the population. Pretty standard behaviour from a retarded leftist meme like chavez, but tell me again how the big evil yankee is to blame

Faggots like you are unbearable OPEN YOUR FUCKING EYES AND LEARN SOMETHING FOR ONCE

Nigger what? The Saudis are the one who forced OPEC drop prices in an attempt to force American shale out of the market again. Unfortunately for them it is not working cause we have so damn much of it.

You obviously don't actually follow the oil market because OPEC production has been pretty stable

The main reason for oil price drop is a massive increase in US domestic production resulting in us importing millions of barrels per day less from the global market in addition to lower than projected Chinese growth combined with a decoupling of energy demand growth with GDP growth in China resulting from their transition from heavy industry to services.

Oil production mostly depends on large scale projects that take huge investment and years to come online, so the overly optimistic projections of demand growth resulted in production outpacing demand growth.

You plebs also blame the Saudis specifically, but they arent even using their extra 2.5 milion barrels per day of spare production capacity. If they REALLY wanted to collpase the price 'to like $20/bbl they could do it tomorrow.

And BTW Russian production is at record high levels for the past few years which you plebs never mention (cause you don't actually follow the market)

Since you're probably a youngfag who was still learning to walk when commodity prices became inflated as fuck over the past decade and a half, I'll just point out that current oil price is actually about where it should be and is actually above the inflation-adjusted average since WWII

But yea it's easier to be a meme-spouting shithead who repeats oversimplified and flat out wrong ideologically driven narratives than it is learn some basic economics.

Used to live there, it's a country with many resources and one of the largest oil reserves in the world. 20 years ago it was ruled by an upper class of american puppets, afterwards socialists took over and it's even shittier now.

As the Saudis bumped production to PUT THE ECOMONIC Squeeze on RUSSIA it forced Venezuela to fall with it. Their economy is based to much on oil rev. as is but not so much like Russia. IF Venezuela where on good terms with MURICA and not so dependent they would of received compensation in this time.

Also MURICA and dem Kikes did not like their relationship with Eran

Funny thing, you mentioned Sing....i have seen Singapore soldiers near where i live. Training them for the South China sea conflict?