Who would invest a dime in Venezuela?

Question

Chavez has destroyed that country.

Answer 1

Perhaps, if investing a dime could help the people of Venezuela, why not? If "Chavez has destroyed the country" as you claim, what are you willing to invest to rebuild it? Non-Governmental Organisations do a lot to improve people's lives - why not make an investment in an NGO?

Answer 2

Not now.

The country is in economic upheaval due to a flourishing dictatorship.

If the US pulls out any support, they will be very unstable.

Chavez is taking preemptive steps to avoid this by making the country self sufficient, however, without all that American money for oil, they would fall into poverty.

Unfortunately with the lack of education and general ignorance, the people there think that things are getting better.

This is largely due to oil revenues from Citgo.

Take that away and you may have an economic disaster on your hands.

There is also speculation that if Chavez decides to close the borders, they may confiscate outside investment and property.

Don't invest.

Answer 3

Everyone,  the key to investing is buy low sell, high.  Prices are incredibly low right now and Chavez is losing favor.  Once oil prices tank (if they do) he is out on his butt, you own cheap asstes, new government reverses policy, US gets involved and your assets appreciate.

No one ever got rich from doing what everyone else does.

where would have been the best places to invest in the past 10 years?

Indonesia/Thailand in 1997

Russia in 1998

Brazil in 1999

Turkey in 2000

Argentina in 2002

Brazil in 2002

Every country in Crisis, everyone would have told you it was insane at the time and you would have doubled your money in 1-3 years in every case.

Answer 4

Not me. I was in south America in the mid 80's in the millitary.I've never seen a more corrupt, inept , backwards bunch of stone age misfits in all my days. We gave the farmers seed crops to kick start the farming down there and the dumb buggers ate them and poisened themselves and blamed us for it.They would sell you there mothers for a five dollar bill.