ANOTHER GREAT VICTORY FOR SOCIALISM – AT 9:14 A.M. ET:  Venezuela is nosediving.  Hollywood leftists are rushing into therapy to deal with it.  From Bloomberg:

Venezuela’s grand gathering with creditors Monday lasted all of 30 minutes and didn’t produce anything of substance. To make matters worse, S&P Global Ratings declared the country in default while Fitch Ratings cited missed payments by the state oil company.

The actions from the ratings companies came after an odd spectacle in Caracas, where bond investors who made the trek found a red-carpet welcome, an honor guard salute and gift bags stuffed with state-produced chocolate and coffee. Fewer than 100 creditors showed up at the downtown Caracas office building, and at least one hightailed it out after realizing that two government officials sanctioned by the U.S. were in attendance, fearful of violating rules governing interactions with them.

He didn’t miss much. Very little was announced and nothing was resolved, according to attendees who said they left just as confused about the government’s intentions as they were going in. Vice President Tareck El Aissami was the only official to speak, and devoted most of his prepared remarks to railing against Donald Trump and global financiers who he said have conspired to keep the country from making debt payments on time. He pledged the nation would continue to honor its obligations and work with bondholders to find new ways to get them their money, but offered no concrete proposals for restructuring.

COMMENT:   Ah yes, it's Trump's fault.  We await confirmation of that from financial authority Maxine (Auntie Maxine) Waters.

Venezuela is down the drain. 

November 14,  2017