Click here to send MH news, tips, links, documents, facts
or factory-built housing related news story suggestions.

Home > Analysis and Commentary, Economy, Election, Manufactured Housing Industry, media bias, News, People, Trends > How to Avoid Losing Billions, Huge Loses Reported by WSJ, Other Media

How to Avoid Losing Billions, Huge Loses Reported by WSJ, Other Media

August 23rd, 2018

 

HowToAvoidLosingBillionsVenezulaAug2018DailyBusinessNewsMHProNews

It could be titled how avoiding losing millions, billions in manufactured housing, and trillions of dollars nationally. So, it matters to MHVille, because it is part of a wave issue creating splits among Democrats. Other across the political and economic spectrum are increasingly concerned by the developments that’s developing in the U.S., and could be coming your way.

 

Goldman Sachs Asset Management has begun selling some of the $2.8 billion in Venezuelan” bond investments “due in 2022 from Goldman for about 32.5 cents on the dollar,” said the Wall Street Journal (WSJ) in June of 2017.

In a heart breaking, and gut wrenching story by the Associated Press (AP) reported early this morning from, “MARACAIBO, Venezuela –  In a city once called the Saudi Arabia of Venezuela for its vast oil wealth, residents of Maracaibo now line up to buy spoiled meat as refrigerators fail amid nine months of rolling power outages that recently got worse.

A recent WSJ report said, “Mutual funds operated by Goldman Sachs Asset Management faced potential losses of at least $63 million on the bonds in the 12 months ended June 30,” while all told market-value losses on the investment are likely to exceed $250 million.”

The opportunity for American companies to invest in Venezuelan bonds is no longer possible after President Donald Trump approved sanctions last August banning Americans from dealing in Venezuelan government debt or that of its state-run oil company Petroleum of Venezuela,” said Breitbart.

The defenders and promoters of socialism in the U.S. don’t want to point to Venezuela, except to blame their failure on American policy.

But that previously successful Latin American nation has been slowly failing for a decade. Academics, stars – and at times former President Barack Obama – have praised aspects of the clearly failing socialist state.

South American Venezuela’s problems long predate the Trump Administration, as the snippet below reflects.

Mexican NGO, the Citizens’ Council for Public Security and Criminal Justice, published its annual ranking of urban crime in January 2016, and found that in 2015, Caracas, the capital of Venezuela, was the most murderous place on EarthCaracas has 119.87 murders per 100,000 people. Other than personal concerns for safety, Venezuelans suffer from lacking economic opportunity due to low oil prices and government mismanagement of the state-owned oil firm,” said the Libertarian Republic, before the Trump Administration took office.

They also said, “OPEC reports that Venezuela has 24.9 percent of proven crude oil reserves as of the end of 2014 — Saudi Arabia comes in a close second with 22.1 percent. When comparing GDP per capita, however, Venezuela’s economic problems become devastatingly clear. Venezuela’s GDP per capita is $12,771.6 as of 2012, while Saudi Arabia’s GDP per capita is almost double at $24,883.2 for that same year.”

VenezuelaEconomicCrisisFoxInflation1MillionPercentPricesDouble26days2.3MillionFledDailyBusinessNEwsMHPronews

 

A Simple Way – How to Avoid A Similar Tragedy in the U.S.

The U.S. midterm elections are looming.  There’s a lurch to the left among a growing number of Democrats, who are buying the often repeated lie of free stuff. And polling reflects a rise of acceptance among millennials of socialism, which they apparently have an idealized version of, because the reality of it is on full display among desperate Venezuelans.

China struggled economically, until they essentially abandoned socialism, and replaced it with a more market driven approach. Communists remained in charge in China, which has become the number two global economy behind the U.S., but they did so with a huge influx of Western and American capital and talent.

Millions of once prosperous Venezuelans are now losing weight, due to hunger. Venezuelans reported losing on average 11 kilograms (24 lbs),” per Reuters in February, 2018.

 

It Could Be You Next…Investors, Owners, Managers and Leaders – A Stark Reality Check

The point for this article for manufactured home investors and professionals is a simple reality check. People are welcome to their own opinions, but not to their own facts. It’s both cruel and foolish to allow a growing number of Americans to believe in something that’s tragically proven not to work.

No one can force another person to believe anything, but anyone can share a link and say, ‘Please look. It’s your future. Read. Watch.

SearchingForFoodInGarbageVenezuelaFreeRepublicDailyBusinessNewsMHProNews

Before Venezuela went socialist, it was one of the more prosperous nations in Latin America. With huge oil reserves and other resources, their future looked bright.

The U.S. economy is beginning to recover after years of overregulation and taxes that drove capital abroad. The midterms will be important in determining if that momentum is halted or kept going.

Don’t delay in informing the lax to get motivated.

And please don’t fail to share with those who are mislead or misinformed about the realities of what “Democratic Socialism” and the big lie of so-called “free stuff” means. Consider acting now, as if every vote counts, because it does.

If you and your circle do your part, then we will be fine the day after the midterms. If not, hang onto your wallets.  And if socialists take power here, start stocking up on emergency food supplies.

The related reports, further below, provide both U.S. and other context to these concerns. That’s “News through the lens of manufactured homes, and factory-built housing.” © where “We Provide, You Decide.” © ## (News, analysis and commentary.)

(Third party images, content are provided under fair use guidelines.)

1) To sign up in seconds for our MH Industry leading emailed news updates, click here.EmailedMHProNewsHeadlineNewsDailyBusinessNews
2) To provide a News Tips and/or Commentary, click the link to the left. Please note if comments are on-or-off the record, thank you.

3) Marketing, Web, Video, Consulting, Recruiting and Training Resources

SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsSubmitted by Soheyla Kovach to the Daily Business News for MHProNews.com. Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

 

Related Reports:

Capitalism, Socialism, & Manufactured Housing

Racism – Getting Increasing Prosperity, Stability, Safety, and Certainty

 

Hold Your Wallet, More Democrats Openly Embrace Socialism, Plus MH Market Updates

Manufactured Home Community Owner Alert, Rent Control, MHAction Plans Organized Action in Several States

 

“Death by Government,” Fascism, Communism, Socialism, ‘Big Brother,’ per Williams, Rummel and Owens

“I Love Capitalism!” Home Depot Co-Founder Ken Langone to Millennials, Others – Plus MH Market Updates

“Seek First” a Post-Charlottesville Message of Healing and Principles for America


Matthew Silver - Reporter at Large
Soheyla Kovach - Support Services
L.A. 'Tony' Kovach - Publisher, Editor and Marketing Director. To submit a news tip, please click here: iReportMHNewsTips@MHMSM.com
Comments are closed.