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Tuesday, December 18, 2012 10:40:00 PM
Indeed under Chavez, Venezuela's economy is hollowed out and the only reason this country stays alive is because of oil.....a telling statistic is that Venezuela's foreign debt is 196% of GDP...now ask yourself why would a country awash in oil be in hoc to foreigners?.....the answer is because oil revenues are inadequate to finance Chavez's crazy domestic schemes....
Whether Microsoft, IBM , GM and other well known companies are in Venezuela is immaterial to the sale of Enerjel....Microsoft is in CONGO!!!! so what? is Congo a rich country? these are multinantional companies that believe in having a broad global foot print....
There are macro facts and there are anecdotes...but anecdotes are not facts....and then there are superflous staistics...like GDP growth that are not germaine to the argument at hand....it is income that matters....and Venezuelans don't have a lot of it....and esp. not for a non essential product like EJ
Sorry to burst your collective bubble.....but.....
This is DROP where up is down and down is up.....
DISASTER!!!!
P.S. Guess who Chavez's power base is? yes those millions of Venzuelans who live on less than $2 a day...or maybe five dollars a day ...or maybe ten dollars a day....do you think these people are interested in buying EJ or putting desperately needed food on the table?
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