Implode-Explode Heavy Industries news feed Tracking the many faces of the global credit implosion. en-us iehi-feed-60203 Wed, 13 Jul 2016 13:51:16 GMT Did Citi Just Confiscate $1 Billion In Venezuela Gold? iehi-feed-59829 Thu, 19 May 2016 23:06:42 GMT Why Venezuela Could Be on the Brink of Collapse iehi-feed-59759 Fri, 13 May 2016 01:10:46 GMT Venezuela Boils Over With Shortages, Desperation Crimes iehi-feed-59679 Mon, 02 May 2016 14:42:00 GMT Venezuela is Collapsing 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.


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.''

iehi-feed-59565 Sat, 16 Apr 2016 13:32:12 GMT How Plutocrats Cripple the IRS 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!) iehi-feed-56257 Mon, 09 Mar 2015 20:37:09 GMT U.S. declares Venezuela a threat, sanctions top officials iehi-feed-55813 Tue, 06 Jan 2015 17:35:23 GMT Stocks Resume Slide after Monday rout on Oil; Economy iehi-feed-54455 Wed, 23 Jul 2014 15:05:11 GMT Venezuela admits its ever growing dependency with China iehi-feed-53723 Wed, 16 Apr 2014 18:22:16 GMT Why Crony Capitalist Brats Make Me ILL - David Stockman 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.''

iehi-feed-53418 Fri, 28 Feb 2014 15:32:19 GMT 'A Perfect Storm': The Failure of Venezuela's New President 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 iehi-feed-53066 Thu, 09 Jan 2014 17:32:26 GMT Forecast 2014 -- Burning Down the House by James Howard Kunstler iehi-feed-52793 Sat, 23 Nov 2013 14:59:38 GMT Venezuela reported planning to pawn its gold through Goldman Sachs iehi-feed-52425 Mon, 14 Oct 2013 14:54:34 GMT Venezuela's Impending Collapse iehi-feed-50865 Tue, 21 May 2013 06:45:15 GMT Now Venezuela is running out of toilet paper iehi-feed-49881 Mon, 11 Feb 2013 04:45:18 GMT Absent Chavez devalues Venezuelan currency to aid gov't finances iehi-feed-49450 Thu, 10 Jan 2013 12:09:01 GMT Chávez, or at Least His Sash, Is Set for Venezuela Inauguration 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. ]]> iehi-feed-48095 Mon, 08 Oct 2012 11:55:35 GMT Hugo Chavez Wins Re-Election In Venezuela Presidential Vote It was Chavez's third re-election victory in nearly 14 years in office. The victory gives Chavez another six-year term to cement his legacy and press more forcefully for a transition to socialism in the country with the world's largest proven oil reserves. ]]> iehi-feed-46009 Sat, 28 Jul 2012 22:14:27 GMT Cuba to end Soviet-style economy and will implement market friendly policies