Thursday, September 19, 2013


Dear Journalists,

While honest Venezuelans are being oppressed by infamous CADIVI ( by not providing needed foreign exchange currencies to businesses for several months at a time there are a few that have made themselves billionaires in Venezuela.

The following article written by Gustavo Coronel is a must read to understand where everything went wrong in Venezuela. Please know that Infodio has published very informative articles concerning the current political disaster.

Infodio: Rafael Ramirez is the Minister of Energy and Petroleum of Venezuela. For the past 11 years he has also been the President of the state-owned petroleum company, Petróleos de Venezuela (PDVSA). I would like to describe in this article how he led the company into bankruptcy. In so doing he has also generated economic and social chaos in the country, since petroleum is the only source of foreign currency for our nation. It represents 96 percent of all Venezuelan exports. Bankruptcy is essentially a financial term, but it can also be applied to the operational, organizational and ethical aspects of a corporation. I argue that PDVSA is bankrupt in every one of these aspects. I will use the official data provided by the company in its Annual Report for 2012 to support this assertion. 

Ambassador (retired) Adolfo Taylhardat explains other issues that created the financial havoc in Venezuela:
The International Court of Justice, busy at it is, should make time to prosecute Hugo Chavez’s thugs who survived him for abuse of power, fraud, and more fraud if the alleged algorithms and open violation of the vote are true.
Venezuelans need help from world leaders to assure the safety of the opposition leaders, and the International Court of Justice, to resolve abuse of power in Venezuela and restore democracy.

Maru Angarita
My blog is: Twitter @maruangarita