Tuesday, December 03, 2013

As our president takes his cues from Havana and Sacramento----Venezuela Plunges Into Darkness As President Maduro Lays Out Socialist Vision On National TV

Venezuela Plunges Into Darkness As President Maduro Lays Out Socialist Vision On National TV | Zero Hedge:
"A mere two months after the last widespread blackout to hit Venezuela, major parts of the nation are once again dark tonight as a power outage hit during President Maduro's evening address laying out his new economic philosophy (the inverse of Bernanke's):

*MADURO SAYS VENEZUELANS MUST SAVE MORE, CONSUME LESS
The blackoutt has affected some of the nation's oil refineries (even though they are often powered by separate generator plants).
Maduro himself said this evening's blackout cause was "strange," hinting at "sabotage" and not caused by excess demand (since the same substation that was sabotaged in September has failed).
Perhaps it is time to spend what little discretionary reserves the nation has left on infrastructure instead of Samsung trinkets and military bonuses to keep the people at bay."

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