Fausta's Blog

American and Latin American Politics, Society, and Culture

May 29, 2017 By Fausta

Venezuela: Goldman Sachs bought PDVSA bonds

$2.8 billion worth:

Goldman Sachs Bought Venezuela’s State Oil Company’s Bonds Last Week. Sale comes as embattled government of President Maduro struggles to raise funds

The New York-based bank’s asset management division last week paid 31 cents on the dollar, or about $865 million, for bonds issued by state oil company Petróleos de Venezuela SA in 2014, which mature in 2022, according to five people familiar with the transaction. The price represents a 31% discount on the trading Venezuelan securities maturing the same year.

The investment comes as Mr. Maduro’s detractors lobby hard to block Western financial institutions from doing transactions that support the cash-strapped government, which has been accused by the U.S. and other countries of widespread rights abuses.

Apparently GS is betting that a change in government would double the bonds’ value.

Good luck with that.

This move is peanuts in GS’s $40 billion emerging markets amount out of the $1.3 trillion the asset management branch manages, but Frank Muci at Caracas Chronicles calls it Meth Finance: “It’s like ripping out the electric wiring from the walls of your own house to sell the copper and get your next crystal meth fix.”

The Wall Street Journal’s Kejal Vyas and Anatoly Kurmanaev report that Venezuela’s Central Bank struck a financing deal so bad last week it makes PDVSA’s swap and Fintech’s repo look harmless by comparison.

The government raised $865 million cash by selling $2.8 billion in previously untapped PDVSA bonds held by the Central Bank. The central bank got just 31 cents on the dollar for the bonds from Goldman Sachs’s asset management arm.
. . .
in return for $865 million now, the government committed to dishing out a total of $3.65 billion through 2022, split between $2.8 billion in principal and $756 million in interest. It’s unbelievable. The government now has to fork up the $865 million three times over by 2022 to make good on the $2.8 billion in bonds —and has to pay a crippling $756 million interest on top of that.

The deal has an “internal rate of return” of 48%. That means this is equivalent to taking out a loan at 48% interest… in dollars!

As long as someone is willing to be part of the debt pyramid scheme, it’ll continue. Let’s hope it’s not the U.S.

Previously, the plan by Venezuela and Syria to circumvent Western sanctions on the Middle Eastern nation and ship its crude oil to Aruba to refine it and then market it internationally, including in the U.S., didn’t work.
As you may recall, Caracas, Syria and Iran had secret flights without passport controls, flight manifests and other documents for years among the three countries. It’s unclear whether the flights ceased. Venezuela continued to issue official passports and visas to Syrians and Iranians.

Still, some of the money ends up in Miami,
Controversial Venezuelan tax collector enjoys luxury life in Miami. Numerous ex-officials of the Venezuela’s socialist government have set up businesses and residences in the United States, despite repeatedly blaming Washington for the country’s current political and economic crisis. Ten years ago Jose Cedillo played a major role in targeting opposition TV stations.

UPDATE

How to sell out the #Venezuelan opposition, courtesy of Goldman Sachs https://t.co/q3NngA5e48 @adelegeras @gerasite @EamonnMacDonagh

— Ben Cohen (@BenCohenOpinion) May 29, 2017

Share

Filed Under: Communism, Fausta's blog, Iran, Syria, Venezuela Tagged With: Goldman Sachs, José Joaquín Cedillo Moreno, PDVSA

April 7, 2017 By Fausta

Armchair warriors

Syria’s in the news, and the Armchair warriors are up and at it. Never mind that most of them couldn’t find Syria in a map a year ago.

Read my post here.

Share

Filed Under: Fausta's blog, Syria Tagged With: Da Tech Guy Blog

March 23, 2017 By Fausta

Argentina takes in 10 Syrians

“after Trump slammed the door,” reads the headline,

While U.S. President Donald Trump has slammed the door shut on Syrian migrants, the governor of Argentina’s San Luis province is happily receiving them through what is seen as the most generous migrant program of its kind in South America. The province is paying for migrants’ flights from Syria and providing housing, jobs, health services, psychological assistance and Spanish lessons so the people escaping civil war can make a new start.

Let’s hope it goes better than it has in Uruguay.

Share

Filed Under: Argentina, Fausta's blog, Syria

November 27, 2015 By Fausta

Venezuela issuing passports, voter registrations, to Hezbollah & Syrians

The alarm clock keeps ringing:

When you think of large scale Muslim immigration population explosions, most people think of Europe. Here are two items pertaining Muslims in Venezuela.

First item:

Back in 2003, Rahaman Alan Hazil Muhamaad, apparently from Syria, was arrested at London’s Gatwick Airport for carrying a grenade in his luggage. Now he turns up as a registered voter in Venezuela:

“Hazil Muhammad Rahaman jailed terrorist in London, carried Venezuelan diplomatic passport, and votes in Aragua”

Hazil Muhammad Rahaman terrorista preso en #Londres tenía pasaporte diplomático venezolano y vota en Aragua pic.twitter.com/UP9or6euLl

— Augusto Uribe (@augustouribe) November 18, 2015

Second item:

Venezuela Sold Immigration Documents to Hezbollah Terrorists. Frances Martel reports,

A Venezuelan diplomat in hiding is accusing the socialist government of President Nicolás Maduro of selling visas, passports, and even falsified birth certificates out of its embassy in Baghdad to an estimated thousands of Middle Eastern citizens, including at least one confirmed Hezbollah terrorist.

A man identifying himself as Misael López Soto, advisor working out of the Venezuelan embassy in Baghdad, says in a video uploaded to YouTube Wednesday evening that he has had to flee his official position following multiple death threats, after attempting to alert the government in Caracas that its satellite in Baghdad had become a marketplace for falsified documents.

Here’s the video, in Spanish,

(emphasis added)

López also tells the story of a Venezuelan female national who appealed for help from the embassy after her partner, an Iraqi national, beat her physically and attempted to take her to a Sharia court to deprive her of custody over her child. The partner, López says, “had multiple Venezuelan aliases and known ties to drug trafficking.” López says she was rescued and placed on a plane back to Venezuela thanks to his efforts, but the embassy refused to help her. The Venezuelan site Periodista Internacional has identified her as 19-year-old Genesis Torres. The site adds also that, having reached out to López, he estimated that up to 50,000 Middle Eastern nationals have managed to receive counterfeit Venezuelan documentation.

As with the Rahaman Alan Hazil Muhamaad case, they are allegedly registered to vote in the upcoming election,

Most alarmingly for Venezuelan citizens given the upcoming December 6 election, López claims those handed counterfeit Venezuelan documents are registered to vote in Venezuela. “Venezuelan embassies in the Middle East are used to document people that have nothing to do with Venezuela, in mny cases are tied to terrorist organizations,” he says. “Thousands of Arab citizens… have been documented as Venezuelans and are voters within the Venezuelan political system… manipulated by the current government at their convenience.”

I’ve been saying all along this will not be a “clean” election; just this week opposition candidate Luis Manuel Diaz was shot dead during a rally that was also attended by Lilian Tintori, the wife of jailed opposition leader Leopoldo Lopez.

Martel mentions Nicolas Maduro’s deals with Hezbollah for training camps in Venezuela, a subject readers of this blog are familiar with, especially if you have read Emili Blasco’s book, Bumerán Chávez: Los fraudes que llevaron al colapso de Venezuela .

Again, we should be asking the question, SHOULD VENEZUELA BE ON THE LIST OF TERRORIST STATES?

The alarm clock keeps ringing.

UPDATE:
Linked to by Babalu blog. Thank you!

Linked to by Blue Brain. Thank you!

Share

Filed Under: Iran, Syria, terrorism, Venezuela Tagged With: Emili J. Blasco, Fausta's blog, Hezbollah, Leopoldo López, Lilian Tintori, Luis Manuel Diaz, Misael López Soto, Rahaman Alan Hazil Muhamaad

November 20, 2015 By Fausta

BREAKING: Syrian Paris suspect spent 4 months in Ecuador before heading to France

Follow-up post: Honduras’ arrest of Syrians points to Hezbollah’s Tri-Border Area connection

Seham Al Salkhadi, a Syrian woman allegedly involved with ISIS, spent four months in Ecuador prior to traveling to Paris, France, via Bogota, Colombia, using a stolen Israeli passport last July.

Times of India:
Colombia probing Syrian Islamist who traveled to Paris

BOGOTA: Colombia is investigating a Syrian woman with ties to radical Islam, who traveled to Paris ahead of the attacks on a stolen Israeli passport, sources at the state prosecutor’s office said Thursday.

Seham Al Salkhadi left ahead of Friday’s attacks on a direct flight from Bogota to the French capital’s Charles de Gaulle airport, traveling under the name of Ashira Krieger, the sources said.

Al Salkhadi is suspected of paying off customs officials at the El Dorado international airport in Bogota to be able to travel using a stolen passport, which had been tampered with to modify some details.

She was briefly detained upon her arrival in Paris but was released after a few hours.

Ecuador en vivo (in Spanish. My translation, please link to this post if you use it):

Colombian authorities are working with their French counterparts to determine Al Sakhadi’s [sp] possible involvement in the November 13 attacks, as sources in the Prosecutor’s Office explained to EFE.

The above screen capture shows Al Salkhadi going through customs at the Bogota, Colombia, airport, where she allegedly bribed officials to allow her to board the plane to Paris under the stolen Israeli passport.

Contrary to the Times of India report, Noticias Caracol’s video (in Spanish) shows that the Israeli passport belonged to a man named Baruch Krieger.

Noticias RCN has video (in Spanish) and reports that the bribe amounted to 4 million pesos, or approx. US$1,300 at current exchange rate. Additionally (in Spanish. My translation, please link to this post if you use it):

First, on May 14, 2014, she departed from Daraa, Syria. She later appeared in Tripoli, Lebanon, where she stayed for eight months. She was later spotted in Turkey, after which she traveled to Ecuador, where she stayed for four months.

After this, she appeared in Bogota and, using the fake passport, departed on July 6 for Stockholm, when authorities lost track.

Noticias Caracol’s video showed a letter from Air France confirming that Al Salkhadi traveled to Paris but did not complete the last stage of the trip to Stockholm.

RCN Radio states that Colombian authorities have reported 28 Syrians attempting to travel “through irregular means” this year.

The Colombian authorities have been carrying a greater investigation on corruption of customs and immigration officials. The suspects allegedly charged US$600-$4,000 for allowing criminals through.

The Al Salkhadi case raises a lot of questions regarding the financing and logistics of her extensive travels, and the provenance of the fake passports Syrian women have been caught using in Texas, Costa Rica, and now, Colombia.

Related:
Why Women And Child Refugees Are A Threat. Women and children have participated in terrorism for years.

My post at DTGB: Syrians with fake passports

UPDATE:
Trending at Bad Blue.

11/21/15 update:
No sign traveler to Colombia involved with Paris bombers: prosecutor

There was no sign that a woman who passed through Colombia in July was connected with last week’s Paris attacks, an official with the national prosecutor’s office said on Friday in response to a media report suggesting a possible link.
. . .
Ecuador’s interior minister said the woman entered legally from Brazil, but that it had no record of her leaving Ecuador.

Share

Filed Under: Colombia, Ecuador, France, Syria, terrorism Tagged With: Ashira Krieger, ISIS, Seham Al Salkhadi

November 19, 2015 By Fausta

Syrians: US/Mex border, Honduras . . . Facebook?

NBC (emphasis added):

The Department of Homeland Security released a statement to NBC indicating that two Syrian families were taken into custody Tuesday, but clarified that they families weren’t trying to “sneak in.”

DHS confirms that on Tuesday, members of two Syrian families, two men, two women and four children, presented themselves at a port of entry in Laredo. They were taken into custody by CBP and turned over to ICE for further processing. The two adult women and four children were transferred to the South Texas Family Residential Center in Dilley, Texas. The two men from these families are being held at the South Texas Detention Center in Pearsall Texas. Due to privacy issues, no additional information will be provided at this time.

With no direct flights from Syria to Texas, refugees fly from a neighboring country to Mexico or other Central American countries and then make their way into the states.

Breitbart has more,

Breitbart Texas can confirm that a Syrian did attempt to enter the U.S. illegally through Texas in late September. The Syrian was caught using a passport that belonged to someone else and U.S. authorities decided against prosecuting anyone involved due to “circumstances.”

In other news,
Honduras arrests five Syrians headed to US with stolen passports, with information on human-traffic routes (emphasis added),

The Syrians were arrested on Tuesday as they flew into Toncontin airport serving the Honduran capital and failed to make it past airport security checks, a police spokesman, Anibal Baca, told reporters.

“Five Syrian citizens have been detained and will be taken to our offices to be investigated because it is suspected they are carrying false documents, passports stolen in Greece,” Baca said.

They had traveled by air from Syria to Lebanon, then to Turkey, Brazil, Argentina, Costa Rica and on to Honduras.

From there they were to make their way to Honduras’ second city of San Pedro Sula with the aim of going overland through Guatemala, then Mexico and on to the United States, Baca told AFP.[*]

Last evening I engaged in a discussion with a former WH staff member on Facebook. These were my points,

  1. Arab countries are unwilling to take Syrian refugees due to security reasons.
  2. The U.S. border human traffic coming from the south is controlled by cartels, some of the most criminal and violent organizations in the world, which will do anything for money. ISIS can pay.
  3. The FBI said they can’t vet them.
  4. Southcom’s Gen. Kelly testified to Congress that ISIS could move without impediment across the region.
  5. The links I posted above show evidence of a fraud and Syrians attempting to enter the US with fake passports.
  6. Last, but not least, Uruguay took 5 Syrian families (google my blog, “Fausta’s blog Syria Uruguay”), a total of 45 people, which have refused to assimilate, learn the language or take employment. Additionally, there is substantial evidence of wife abuse and child abuse among them; the authorities have washed their hands.
  7. So my question to you is, Why bring thousands here? Why not do other refugee relief aid overseas, in areas secured in their country or adjacent countries?

The discussion remained civilized, and the position of the people favoring unlimited immigration was that we must take all of them since “this is the biggest humanitarian crisis” (yes, someone even brought up Oliver Willis’s tweet – without crediting him). The closest anyone got to answering my question, “Why bring thousands here? Why not do other refugee relief aid overseas, in areas secured in their country or adjacent countries?” was to invoke American Exceptionalism, something Obama doesn’t believe in, or more accurately, believes in opportunistically.

When I posited whether, considering that in the present environment of high-alert and distrust the governors of 31 states say that Syrians are not welcome, it behooves the WH to explain its reasoning for accepting 10,000(?) more, the answer was that the POTUS doesn’t need to explain anything, since what the governors are proposing is flat-out unconstitutional, period.

You can understand that I agree with what Tom McGuire says,

Very few marketing professionals believe that the best way to make a sale is to drop a product on the customer’s doorstep and let them figure out for themselves that it is just what they wanted. That wisdom has not penetrated the White House.

The FB discussion was interesting and revealing, and unusual in that it remained civilized.

However, elsewhere on FB a now-former friend (a personal friend of many years) posted a long paragraph accusing anyone who does not welcome all refugees with open arms of having lost all of their humanity, and despairing of their heartlessness. With statements like that, all one’s left to do is to drop and block that “friend.”

My question, however, remains unanswered, Why bring thousands here? Why not do other refugee relief aid overseas, in areas secured in their country or adjacent countries?

Parting tweet,

Weren’t we told we cannot be the world’s police force? But yet we can now be the world’s department of social services #socialist-insanity

— TNPowl Ohio (@Tnpowl) November 19, 2015

UPDATE
[*] Allahpundit:

No reason to believe they’re terrorists, authorities are quick to note, as it’s not just terrorists who sometimes steal a passport to get where they’re going. Fair enough, but if this is simple illegal immigration in search of economic opportunity, why make a long journey through Turkey, South America, and Central America to the United States instead of taking advantage of Merkel’s open-borders policy and heading for Germanistan? Also, where’d they get the passports? And why steal them? Is it a simple matter of genuine passports being hard to come by amid the collapse of Syria’s civil state or is there another reason?

Ace:

Good point. People don’t do more work than they have to. If they did extra work here, one has to wonder about their actual goal.

And,
Even if you are competent and have sufficient background information to do effective vetting, you have to know what you are vetting for.

Share

Filed Under: Honduras, illegal immigration, immigration, Islam, Mexico, Syria, terrorism Tagged With: Fausta's blog

November 17, 2015 By Fausta

One question, in Twitter form,

How many liberals clamoring for the US to take Syrians have opened their homes to foster children & the homeless?

— Fausta (@Fausta) November 17, 2015

Related:
Syrians in Uruguay: A developing story of domestic violence? The latest headline, Uruguayan gov’t cuts Syrian family aid for gasoline incident.

UPDATE:
John Hinderaker lists seven points on the immigration debate.

Share

Filed Under: Syria, Uruguay

October 15, 2015 By Fausta

Cuba: General, troops in Syria UPDATED

Top Cuban general, key forces in Syria to aid Assad, Russia, sources say apparently to man Russian tanks.

On Wednesday, a U.S. official confirmed to Fox News that Cuban paramilitary and special forces units are on the ground in Syria, citing evidence from intelligence reports. The official, who spoke on condition of anonymity, said Cuban troops may have been training in Russia and may have arrived in Syria on Russian planes.

You may recall that Russia is seeking military base(s) in Cuba, according to Defense Minister Sergei Shoigu.

For what it’s worth, currently there are three countries designated as State Sponsors of Terrorism: Iran, Sudan, and Syria

Designation under the above-referenced authorities also implicates other sanctions laws that penalize persons and countries engaging in certain trade with state sponsors.

But, as Hillary put it, what difference does it make? Raul knows what he can get away with.

UPDATE
The 1980s Called Again.
At times, I’m tempted to do posts with 1970-80s news stories.

Share

Filed Under: Cuba, Iran, Russia, Sudan, Syria Tagged With: Fausta's blog, Gen. Leopoldo Cintra Frias

  • 1
  • 2
  • 3
  • …
  • 5
  • Next Page »
Tweets by @Fausta
retirees_raise-2015_300x250

Pages

  • About
  • Email

Meta

  • Register
  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

Previous Posts

  • Mrs. Maisel goes full Alinsky on Mrs. Schlafly
  • Venezuela: Did the Minister of Defense back out at the last minute?
  • You need to unfriend me
  • Go ahead and Kiss the Girl, if you dare
  • Ashamed

Recent Comments

  • John on Mrs. Maisel goes full Alinsky on Mrs. Schlafly
  • Today’s hot topics: Democrats’ collusion shift, tax-return rift, Venezuela drift, and more! – PoliticalWitchDoctor.com on Venezuela: Did the Minister of Defense back out at the last minute?
  • Today’s hot topics: Democrats’ collusion shift, tax-return rift, Venezuela drift, and more! - AmericanTruthToday on Venezuela: Did the Minister of Defense back out at the last minute?
  • Did Venezuela’s Minister of Defense Back Out At The Last Minute? on Venezuela: Did the Minister of Defense back out at the last minute?
  • Roseanne Not Back, Khan not Invited, Operaman’s back, Jobs back, Fausta’s back (but not here yet) Thoughts under the fedora – Da Tech Guy Blog on Venezuela: Did the Minister of Defense back out at the last minute?

Archives

  • 2019
    • December 2019
    • May 2019
    • January 2019
  • 2018
    • December 2018
    • October 2018
    • July 2018
    • June 2018
    • April 2018
    • March 2018
    • February 2018
    • January 2018
  • 2017
    • December 2017
    • November 2017
    • October 2017
    • September 2017
    • August 2017
    • July 2017
    • June 2017
    • May 2017
    • April 2017
    • March 2017
    • February 2017
    • January 2017
  • 2016
    • December 2016
    • November 2016
    • October 2016
    • September 2016
    • August 2016
    • July 2016
    • June 2016
    • May 2016
    • April 2016
    • March 2016
    • February 2016
    • January 2016
  • 2015
    • December 2015
    • November 2015
    • October 2015
    • September 2015
    • August 2015
    • July 2015
    • June 2015
    • May 2015
    • April 2015
    • March 2015
    • February 2015
    • January 2015
  • 2014
    • December 2014
    • November 2014
    • October 2014
    • September 2014
    • August 2014
    • July 2014
    • June 2014
    • May 2014
    • April 2014
    • March 2014
    • February 2014
    • January 2014
  • 2013
    • December 2013
    • November 2013
    • October 2013
    • September 2013
    • August 2013
    • July 2013
    • June 2013
    • May 2013
    • April 2013
    • March 2013
    • February 2013
    • January 2013
  • 2012
    • December 2012
    • November 2012
    • October 2012
    • September 2012
    • August 2012
    • July 2012
    • June 2012
    • May 2012
    • April 2012
    • March 2012
    • February 2012
    • January 2012
  • 2011
    • December 2011
    • November 2011
    • October 2011
    • September 2011
    • August 2011
    • July 2011
    • June 2011
    • May 2011
    • April 2011
    • March 2011
    • February 2011
    • January 2011
  • 2010
    • December 2010
    • November 2010
    • October 2010
    • September 2010
    • August 2010
    • July 2010
    • June 2010
    • May 2010
    • April 2010
    • March 2010
    • February 2010
    • January 2010
  • 2009
    • December 2009
    • November 2009
    • October 2009
    • September 2009
    • August 2009
    • July 2009
    • June 2009
    • May 2009
    • April 2009
    • March 2009
    • February 2009
    • January 2009
  • 2008
    • December 2008
    • November 2008
    • October 2008
    • September 2008
    • August 2008
    • July 2008
    • June 2008
    • May 2008
    • April 2008
    • March 2008
    • February 2008
    • January 2008
  • 2007
    • December 2007
    • November 2007
    • October 2007
    • September 2007
    • August 2007
    • July 2007
    • June 2007
    • May 2007
    • April 2007
    • March 2007
    • February 2007
    • January 2007
  • 2006
    • December 2006
    • November 2006
    • October 2006
    • September 2006
    • August 2006
    • July 2006
    • June 2006
    • May 2006
    • April 2006
    • March 2006
    • February 2006
    • January 2006
  • 2005
    • December 2005
    • November 2005
    • October 2005
    • September 2005
    • August 2005
    • July 2005
    • June 2005
    • May 2005
    • April 2005
    • March 2005
    • February 2005
    • January 2005
  • 2004
    • December 2004
    • November 2004
    • October 2004
    • September 2004
    • August 2004
    • July 2004
    • June 2004
    • May 2004
    • April 2004
    • March 2004
Content Copyright Fausta's Blog

Site Developed and Managed by 300m.com