Will it be reported that the Hugo Chavez Government in Venezuela is bankrupt before 2010?

Has anyone ever read "The life of an economic hitman?" This is one of the fictional things he was talking about!

Venezuela Postpones Budget Cuts Until After Referendum on Chavez' Indefinite Re-Election
http://www.laht.com/article.asp?ArticleId=322543&CategoryId=10718

Budget uses a $60 barrel of oil price, when the current price for the Venezuelan oil basket is little more than half that at $34.49. Missions to be quietly cut back -- but not until after the vote.

See the question about the vote here: http://www.hubdub.com/m24040/Will_Hugo_Chavez_stay_in_office_as_long_he_keeps_winning_elections

Venezuela faces racing inflation, slowing growth

http://www.google.com/hostednews/ap/article/ALeqM5iIXmfBNJajSjTSALM0NN3kO2JB2QD95JUGUG0

Analysts predict Venezuela's economy is headed for a worse year than the government admits, as falling oil prices stall growth and inflation soars in the import-dependent country.

Venezuela saw growth of 4.8 percent in 2008 — down nearly half from 8.4 percent in 2007 — as its economy began to cool after expanding rapidly for years and as prices plummeted for the country's top export, oil.

Finance Minister Ali Rodriguez is forecasting 6 percent growth for 2009, but the U.N. Economic Commission for Latin America and the Caribbean predicts a 3 percent expansion.

OPEC-mandated cuts in oil output are contributing to the slowdown and could slow growth to as little as 1 percent, said economist Jose Guerra, a professor at Venezuela's Central University and a former Central Bank official.

Inflation has meanwhile soared to 30.9 percent, the highest in Latin America, and prices in Caracas are climbing at their quickest pace in 12 years. The Finance Ministry expects 15 percent inflation in 2009, but economists say prices will more likely climb by 28 percent to 35 percent. The Central Bank raised interest rates once last year to try to slow the surge.

why is Chavez no longer being president exclusive from both bankruptcy being and not being reported?

yeah, what's up with that?

also....is the book referred to 'confessions of an economic hitman' by john perkins? if so, are you, dragon, suggesting some jekyll will try to take Chavez out again?

this is a perfect example of the kind of bigotry and hate your admins permit...from "the other side"
http://www.hubdub.com/m19824/Will_it_be_reported_that_the_Hugo_Chavez_Government_in_Venezuela_is_bankrupt_before_2010

exactly why is there an option on the prediction aobut hugo chavez not being president..and how does that answer the question: will venezuela be bankrupt before 2010?

If i made a question will the USA be bankrupt before end of 2008 and the options were;
yes
no
george bush is no longer president

that question would have been voided faster than i could take a breaht of air!

Now tell me who is talking out of both sides of their mouths

Another fine example of hyporcracy as the answer is too obvious

@capecodviking:

The question is asking specifically about Hugo Chavez's administration, so there are three outcomes:

Either the Hugo Chavez administration declares bankruptcy before 2010, or it makes it to 2010 without declaring bankruptcy, or thirdly, it ends without declaring bankruptcy first.

typical racisim and double standrads are shown on this question!!!!!!!!!!!!!!!! the admin of course permits this type of racist...infalmatory material from their own ssssssssssssssss's

the more exclamation marks, the more s's (cowardly used instead of the word they want to say),
the less your point is heard (either right or wrong)

Hm, in my world a government is only able to be metaphorically bankrupt. What goes bankrupt is the state led by this government. Although I don't smell racism, the connection to Hugo Chavez doesn't fit right in that way.

Venezuela behind on payments to oil contractors
http://news.yahoo.com/s/ap/20090206/ap_on_re_la_am_ca/lt_venezuela_oil_1

CARACAS, Venezuela - Venezuela's state oil company is behind on billions in payments to private oil contractors from Oklahoma to Belarus, some of which have now stopped work, even as President Hugo Chavez funnels more oil revenue to social programs.

Petroleos de Venezuela SA, or PDVSA, says unpaid invoices jumped 39 percent in the first nine months of last year — reaching $7.86 billion in September. And that was when world oil was selling for $100 a barrel.

With prices plummeting by more than half, PDVSA is trying to renegotiate some contracts. But analysts say hardball tactics to reduce charges from crucial service providers could backfire by lowering Venezuela's oil output. And foreign debt markets are reflecting jitters about Venezuela's finances.

Oil accounts for 94 percent of Venezuela's exports and funds nearly half the socialist government's budget, and Chavez uses it to bankroll an international aid bonanza, showering allies with cheap fuel, refining projects and cash donations.

I don't understand what all the yelping by lefties has been about on this question. The question is clear and the choices are clear. What more could anyone want? The question asks if the Chavez government will be declared bankrupt. Either Chavez's gov't will, or it won't be bankrupt, or if he get's assassinated or otherwise removed from office before 2010, it's no longer his government, and the question is settled with that choice.

It's funny to see the departed Dean has accused this question of being racist and the admins of a double standard. What a warped paranoid mind. Glad it's gone from here. And then it's always nice to have curios chime in with words that only make sense to him, as usual.

I agree Dr - No racism in the question. Only in the minds of some of the guests of Hubdub.
Although I am glad that NN helped me understand the reference to Hugo Chavez as the third option.

I think oil prices will rise again, so I doubt that there will be a bankruptcy - but I have felt that way every since the oil prices dropped. I will be even happier than usual, if I continue to be wrong about the price of oil.

@Bernardo
An interesting point.
USA should probably be bankrupt now, except for the Federal Reserve printing off more and more money.

Venezuela behind on payments to oil contractors
http://news.yahoo.com/s/ap/20090206/ap_on_re_la_am_ca/lt_venezuela_oil_1

CARACAS, Venezuela - Venezuela's state oil company is behind on billions in payments to private oil contractors from Oklahoma to Belarus, some of which have now stopped work, even as President Hugo Chavez funnels more oil revenue to social programs.

Petroleos de Venezuela SA, or PDVSA, says unpaid invoices jumped 39 percent in the first nine months of last year — reaching $7.86 billion in September. And that was when world oil was selling for $100 a barrel.

With prices plummeting by more than half, PDVSA is trying to renegotiate some contracts. But analysts say hardball tactics to reduce charges from crucial service providers could backfire by lowering Venezuela's oil output. And foreign debt markets are reflecting jitters about Venezuela's finances.
[more at the link]

Venezuela's economic slide surprisingly worse than expected
http://www.petroleumworld.com/story09111816.htm

Venezuela on Tuesday announced a surprisingly large third-quarter
economic fall, shocking analysts and leaving the South American oil
exporter's economy on course for a bigger contraction then previously
thought in 2009.