Implode-Explode Heavy Industries news feed http://implode-explode.com/ Tracking the many faces of the global credit implosion. en-us iehi-feed-61120 Mon, 21 Nov 2016 15:15:20 GMT Venezuela's Nemesis Is a Hardware Salesman at a Home Depot in Alabama http://implode-explode.com/viewnews/2016-11-21_VenezuelasNemesisIsaHardwareSalesmanataHomeDepotinAlabama.html On his lunch breaks from the hardware section, Mr. Díaz, 60 years old, does more than anyone else to set the price of everything from rice to aspirin to cars in his native Venezuela, influencing the inflation rate and swaying millions of dollars of daily currency transactions.

How? He is president of one of Venezuela's most popular and insurgent websites, DolarToday.com, which provides a benchmark exchange rate used by his compatriots to buy and sell black-market dollars. That allows them to bypass some of the world's most rigid currency controls.

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Mr. Díaz is a U.S.-trained retired colonel, and he indeed tried to overthrow Mr. Maduro's predecessor, Hugo Chávez, by participating in a short-lived coup in 2002. Mr. Díaz, who had been deputy security chief to the businessman who briefly took power in the ill-fated overthrow, said his conspiring days are over.

Now, he said, he is fighting for economic freedom and for Venezuelans' access to information in a country that makes financial and other data secret. Venezuela is undergoing a brutal recession that has made it hard for most of the country's 30 million people to find enough food and medicine.

"It's ironic that with DolarToday in Alabama, I do more damage to the government than I did as a military man in Venezuela," said Mr. Díaz, a short, soft-spoken man with a gray mane.

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iehi-feed-60605 Sun, 04 Sep 2016 22:09:29 GMT Furious Venezuelans Chase Away President Maduro With Pots And Pans http://implode-explode.com/viewnews/2016-09-04_FuriousVenezuelansChaseAwayPresidentMaduroWithPotsAndPans.html It is extremely unusual to see Maduro openly booed. His public appearances are normally carefully choreographed to show only cheering red-shirted supporters, Reuters adds. "The people loathe him and last night they made that very clear with the pots-and-pans protest," exulted opposition leader Henrique Capriles, who published three videos of the incident on his Twitter feed.

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Meanwhile, buoyed by Thursday's self-styled "Takeover of Caracas" grand protest, the opposition are planning further street actions to demand a recall referendum against Maduro this year. But with the election board dragging out the process and Maduro vowing there will be no such vote in 2016, it is hard to see how the opposition can force it. Which likely means that any upcoming regime change will be violent, as Maduro - and the army to whom he has effectively all but handed over power - have left the millions of angry, starving Venezuelans no peaceful alternative.

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iehi-feed-60203 Wed, 13 Jul 2016 13:51:16 GMT Did Citi Just Confiscate $1 Billion In Venezuela Gold? http://implode-explode.com/viewnews/2016-07-13_DidCitiJustConfiscate1BillionInVenezuelaGold.html iehi-feed-59829 Thu, 19 May 2016 23:06:42 GMT Why Venezuela Could Be on the Brink of Collapse http://implode-explode.com/viewnews/2016-05-19_WhyVenezuelaCouldBeontheBrinkofCollapse.html iehi-feed-59759 Fri, 13 May 2016 01:10:46 GMT Venezuela Boils Over With Shortages, Desperation Crimes http://implode-explode.com/viewnews/2016-05-12_VenezuelaBoilsOverWithShortagesDesperationCrimes.html iehi-feed-59679 Mon, 02 May 2016 14:42:00 GMT Venezuela is Collapsing http://implode-explode.com/viewnews/2016-05-02_VenezuelaisCollapsing.html Venezuela, a country of 30 million that despite holding the world's largest oil reserves has descended into a dystopia where food, medicine, water and electric power are critically scarce. Riots and looting broke out in several blacked-out cities last week, forcing the deployment of troops. A nation that 35 years ago was the richest in Latin America is now appealing to its neighbors for humanitarian deliveries to prevent epidemics and hunger.

The regime that fostered this nightmare, headed by Hugo Chávez until his death in 2013, is on the way out: It cannot survive the economic crisis and mass discontent it has created. The question is whether the change will come relatively peacefully or through an upheaval that could turn Venezuela into a failed state and destabilize much of the region around it.

Remarkably, most of the Western hemisphere is studiously ignoring this meltdown. The Obama administration and Washington's Latin America watchers are obsessed with the president's pet project, the opening to Cuba. As it happens, the Castros turned Venezuela into a satellite state, seeding its security forces and intelligence services with agents. Yet now that it is decreasingly able to supply discounted oil to its revolutionary mentor, Venezuela appears to have become an afterthought even in Havana.

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Most of all, however, Venezuelans hope for U.S. leadership in pushing Maduro to accept an election. Said Vecchio: "The moment has arrived when you can no longer ignore this. Because what happens in Venezuela is going to affect the whole region.''

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iehi-feed-59565 Sat, 16 Apr 2016 13:32:12 GMT How Plutocrats Cripple the IRS http://implode-explode.com/viewnews/2016-04-16_HowPlutocratsCrippletheIRS.html iehi-feed-56260 Tue, 10 Mar 2015 14:34:46 GMT Monthly Salary of $20 Shows Why Venezuelans Wait in Food Lines (AND WHY YOUR MONETARY SYSTEM IS EVERYTHING!) http://implode-explode.com/viewnews/2015-03-10_MonthlySalaryof20ShowsWhyVenezuelansWaitinFoodLinesANDWHYYOURMON.html iehi-feed-56257 Mon, 09 Mar 2015 20:37:09 GMT U.S. declares Venezuela a threat, sanctions top officials http://implode-explode.com/viewnews/2015-03-09_USdeclaresVenezuelaathreatsanctionstopofficials.html iehi-feed-55813 Tue, 06 Jan 2015 17:35:23 GMT Stocks Resume Slide after Monday rout on Oil; Economy http://implode-explode.com/viewnews/2015-01-06_StocksResumeSlideafterMondayroutonOilEconomy.html iehi-feed-54455 Wed, 23 Jul 2014 15:05:11 GMT Venezuela admits its ever growing dependency with China http://implode-explode.com/viewnews/2014-07-23_VenezuelaadmitsitsevergrowingdependencywithChina.html iehi-feed-53723 Wed, 16 Apr 2014 18:22:16 GMT Why Crony Capitalist Brats Make Me ILL - David Stockman http://implode-explode.com/viewnews/2014-04-16_WhyCronyCapitalistBratsMakeMeILLDavidStockman.html During 2012 Levin's 14-person team of speculators apparently made a $2.0 billion profit on a short-term bet on about $7.5 billion of busted loans and bonds-- mainly the smoking remnants of sub-prime CDOs and private labor MBS. As head of the trading group, Leven's share was apparently the aforesaid $119 million, and this swell outcome was truly a gigs-to-riches story.

... in an honest two-way market, no one in their right mind would bet $7.5 billion on financial drek using high leverage and minimal hedges. And no 30-year old would be given leave to close his eyes and bet the ranch, as apparently Levin did, based on merely the "housing recovery" word clouds being emitted by the monetary politburo and its echo-boxes in the financial press.''

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iehi-feed-53418 Fri, 28 Feb 2014 15:32:19 GMT 'A Perfect Storm': The Failure of Venezuela's New President http://implode-explode.com/viewnews/2014-02-28_APerfectStormTheFailureofVenezuelasNewPresident.html iehi-feed-53386 Sat, 22 Feb 2014 00:36:37 GMT The Game Changed in Venezuela Last Night -- and the International Media Is Asleep At the Switch http://implode-explode.com/viewnews/2014-02-21_TheGameChangedinVenezuelaLastNightandtheInternationalMediaIsAsle.html iehi-feed-53066 Thu, 09 Jan 2014 17:32:26 GMT Forecast 2014 -- Burning Down the House by James Howard Kunstler http://implode-explode.com/viewnews/2014-01-09_Forecast2014BurningDowntheHousebyJamesHowardKunstler.html iehi-feed-52793 Sat, 23 Nov 2013 14:59:38 GMT Venezuela reported planning to pawn its gold through Goldman Sachs http://implode-explode.com/viewnews/2013-11-23_VenezuelareportedplanningtopawnitsgoldthroughGoldmanSachs.html iehi-feed-52425 Mon, 14 Oct 2013 14:54:34 GMT Venezuela's Impending Collapse http://implode-explode.com/viewnews/2013-10-14_VenezuelasImpendingCollapse.html iehi-feed-50865 Tue, 21 May 2013 06:45:15 GMT Now Venezuela is running out of toilet paper http://implode-explode.com/viewnews/2013-05-21_NowVenezuelaisrunningoutoftoiletpaper.html iehi-feed-49881 Mon, 11 Feb 2013 04:45:18 GMT Absent Chavez devalues Venezuelan currency to aid gov't finances http://implode-explode.com/viewnews/2013-02-10_AbsentChavezdevaluesVenezuelancurrencytoaidgovtfinances.html iehi-feed-49450 Thu, 10 Jan 2013 12:09:01 GMT Chávez, or at Least His Sash, Is Set for Venezuela Inauguration http://implode-explode.com/viewnews/2013-01-10_ChvezoratLeastHisSashIsSetforVenezuelaInauguration.html President Hugo Chávez's supporters have not ruled out swearing him in from his hospital in Havana. His detractors are calling for government investigators to go check his pulse themselves. The justices whom Mr. Chávez's allies have named to the Supreme Court have decided that he can continue to govern in absentia. ]]>