Stupid is as Stupid Does

I’m not saying “we told you so” but add Minimi Chavez to the list of suckers hoodwinked by fidel. El Universal is reporting that two Venezuelan oil experts, Humberto Calderón Berti and José Toro Hardy have rejected a Cuba-Venezuela oil deal as a “swindle”.

According to Calderón Berti, under the agreement Venezuela originally undertook to provide 53,000 bpd of oil, a figure that now exceeds 100,000 bpd. “And Venezuela is receiving no payment for these volumes of crude oil exported.”

He added that Venezuelans were told Cuba would provide free healthcare services to Venezuela under the agreement, and so far the island has failed to meet this obligation.

Calderón Berti stressed that out of the oil exports from Venezuela to Cuba so far -which amount to USD 2.2 billion- USD 555 million are long-term debt, with a three-year grace period and a 15-year term for repayment, which he described as a bad debt.

“Venezuela will never get this money back. This debt is endorsed by promissory notes issued by the National Bank of Cuba at a 2 percent interest rate which mean nothing and have no value.”

He added that Cuba is supposed to pay the remaining USD 1.66 billion by providing free healthcare services in Venezuela.

But according to Toro Hardy, and based on the first addendum to the agreement, dated January 1st, 2000, the institutions, agencies and companies of the Bolivarian Republic of Venezuela have to pay for Cuban healthcare goods and services, which means that “Cuba is not giving anything.”

We haven’t reached the end of castroism, but just maybe we are starting to see the beginning of the end. Maybe this year more than ever, with an end to the status quo, the regime really wants that embargo lifted….

14 thoughts on “Stupid is as Stupid Does”

  1. Chavez has always been a big dumb sucker just waiting to get rolled by the castro brothers. Of course they will never pay, they never pay anyone, why would they pay this fool? Especially when he does it for love?

    As for the Cuban doctors, it’s hard to provide medical care when the doctors keep defecting. They are literally running out of medics because the medics keep running out.

    Toro Hardy, if I am not mistaken, is a chavez-symp, so his coming out against the ripoff is a major defection. Still, I would like to see chavistas within the chavez ranks reading Chavez the riot act on his irresponsibility. Chavez is FAST running out of money and it’s an absolute fact that a humongous currency devaluation is coming because all he’s running on right now is money printing. When Venezuela falls, it’s gonna hit hard and that fall is coming fast.

    When the oil gets yanked from the castro brothers, they too will fall. I would just like to see it happen in castro’s lingering lifetime. I want the creep to see his masterwork hit the ash heap of history just before he does.

  2. “Cuban and Venezuelan teams were putting their heads together on ways”
    to maintain clandestine ties with underground and terrorist organizations. After the NAM conference ended, the Iranian and Venezuelan teams moved their talks to Caracas where Ahmadinejad continued his talks with Chavez on Sept 17 and 18. Tehran also exploited Cuba’s economic straits to deepen its penetration of the country with a view to setting up an Iranian base in Cuba for its continental operations.The three-way talks have thus far yielded a solid decision for Iranian intelligence agents, some of them sabotage specialists, to be sent soon to Cuba and Venezuela. They will operate in the guise of road network and industrial development experts.
    Have your speakers on and full screen enjoy!

  3. one of don fidel’s major schemes over all these years has been to get credit and use workers as collateral like the old spanish used indians in the encomienda system. in this case it’s doctors,techs,trainers,and intelligence operatives that are part of fidel’s repartamiento program. he’s added guevara’s forced voluteerism to the mix as well. the regime has then propagated third world debt relief to include guess who? poor old third rate cuba. like an international mano negra it tries to intimidate bribe,extort or otherwise compromise it’s opponents. as the years have gone these methods have been increasingly exposed in varias ways,and is now clearer as more people have been stiffed on their loans.

  4. I believe that I read somewhere that Cuba is the most indebted country in the world. What really scares me is that all of these countries who were so stupid in the first place to provide loans to Castro and were moreover enemies of the Cuban people for helping to perpetuate that hung of filth in power for all of these years will demand that a free Cuba pay off what Castro owes. This would be the height of injustice as the free Cubans have begged these countries—everyone from France, Spain, Mexico, Argentina, and now Venezuela—not to help to perpetuate Castro in power with loans. But mark my words, they will demand that a free Cuba pay off the debt that Castro has incurred.

    Any thoughts on this? How will we ward this off?


  5. Ray, I’m not an economist and I’m sure others know more about this than I do, but there is precedent here, the Odious Debt doctrine. Ironically, the doctrine was originally formulated to ease the debt Cuba was left with after the Spanish American War. I believe it was applied to Germany’s debt after the World Wars and is currently being debated in regards to Iraq. There’s an article here.

  6. I would love to tell all the countries who did business with the castro brothers while they were in power, to go fly a kite when that regime falls.
    Those countries did business with an illegitimate government period. They did business directly with one entity (castro) and the Cuban people. Therefore and consequently they can go after that entity and leave the Cuban people alone as it wasn’t with them that any business was conducted with for the last 47 years.
    Once a legitimate government is established, it should have absolutely no obligation to pay any of castro’s debts.

  7. I hope everyone who has willingly and knowingly helped Castro’s regime loses as much money as possible. It’s the least they deserve.

  8. Lori
    I think you may have a point. Castro’s government is illegitimate given that there have never been free multi-party elections in Cuba since they took power in 1959.

    As a result, the Cuban people are not responsible for Castro’s debts and those governments will have to persecute Castro, his family, and the Swiss banks to demand payment.

    A free and democratic Cuba would have no debts with anyone. It is Castro who owes $20 billion to the old USSR, and all that money to Venezuela and the rest of companies. After all, it is Castro the only one who is allowed to trade in Cuba.

  9. qbanartemisa,

    I say every country, not just the old USSR or Venezuela, but all the ones who have done business with that government should pay the price of conducting business with that illegitimate government.
    Maybe in the furure that would deter countries from doing business with governments who haven’t been democratically elected by its people.

  10. Qbanartemisa,

    When it comes to the money that castro “owns” to the old USSR, it is my opinion that our people paid it a long time ago with thousands of lives in Ethiopia and Angola. Most of the young peoples that were sent there to die were forced by the dictatorship to fight a war for the Russians.

    As to the rest of the countries. Who the f…k ask them to conduct business with a depraved dictator. They helped to elongate the suffering of our people so screw them. It will be time to pay for their irresponsibility.

  11. I agree Vic, it was their fault to conduct business with Castro so too bad, that’s what they get for being so apathetic to cuban suffering.

    Like my great grandfather used to say: “Usted no comio candela, pues ahora coma cenizas.” He told that to some chivaton from our street block.

Comments are closed.