12-04-25 carib
| Copa suspends flights to Caracas |
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12-04-25 spal
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12-04-25 victor
pana, isn't it one of the reasons why people voted for a guy like Mamdani?
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12-04-25 panasonic
Inequality continues to be the biggest threat to democracy:
https://finance.yahoo.com/news/a-k-shaped-economy-has-investors-on-edge-bofa-says-it-may-hold-up-110013215.html |
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12-04-25 savo
Ukraine Launches Offer to Convert GDP-Linked Warrants to Bonds
Ukraine on Monday offered to swap about $3.2bn of GDP-linked warrants (due 2041) into cash and new “C Bonds” maturing 2030–2032, to avoid potentially large future payouts tied to post-war growth. Holders of the warrants would receive about $1,340 worth of the C bonds per $1,000 of principal held. The C bonds are expected to pay a coupon of 4.5% that would eventually rise to 7.25% by 2029, according to Bloomberg sources. The deal needs 75% holder approval, and early supporters who join by December 12 will receive extra cash. These warrants could cost Ukraine up to $6bn if growth rebounds, so buying them back now improves debt sustainability and helps Ukraine to exit default. The main bondholder group is open to the plan but says terms are still being negotiated. One of the sticking points is the amount that C bondholders would stand to receive in the event of a future restructuring, known as the loss reinstatement provision. The other is about concessions Kyiv should make to holders' voting rights.
Bloomberg reported that the price of the warrants jumped over 6 points to 99 cents on the dollar. Meanwhile, its 4.5% 2029s fell by 2 points to 70.76, yielding 17.9%. |
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12-04-25 savo
‘War criminal’ Pete Hegseth faces growing criticism from conservatives over ‘kill everybody’ strike
‘This is an act of a war crime, ordering survivors who the law requires be rescued instead to be murdered,’ Andrew Napolitano, a former Fox News colleague of Hegseth’s, said on Tuesday.
Justin Baragona
in New York
Wednesday 03 December 2025 17:23 GMT
It isn’t just the left that is outraged about Pete Hegseth’s role in the lethal “double-tap” airstrike of a suspected drug boat that killed all remaining survivors. A growing chorus of conservatives has joined them in describing the defense secretary as a potential “war criminal” who is “incompetent” and should be prosecuted.
With the Trump administration leaping into damage control mode and Hegseth looking to pin the blame on a subordinate over reports that the Pentagon chief gave the order to “kill everybody” during the first Venezuelan boat strike, bipartisan groups of lawmakers announced they are launching investigations of the follow-up strike and the Caribbean operation.
With both the House and Senate Armed Services Committees having already pressed the administration and Pentagon for the legal rationale for the military campaign against supposed “narco terrorists” that has left dozens dead, the Washington Post’s story on Hegseth's demand to kill survivors has now sparked Congressional inquiries.
https://www.independent.co.uk/news/world/americas/us-politics/pete-hegseth-war-criminal-conservative-criticism-b2877424.html |
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12-04-25 victor
carib, provided we actually get there
:-)) |
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12-04-25 carib
| The end might justify the means.. provided we actually get there, IMHO. |
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12-04-25 spal
I absolutely support President Trump’s policy towards Venezuela, because it is in self-defense and he is acting based on the truth. I remain ready to provide additional details about these matters to the United States government ...
... Now about my pardon, as we were discussing ... |
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12-04-25 spal
| is that the correct expression ... yes ... appropriate for our current times. |
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12-04-25 carib
Trumped up charges.. is that the correct expression?
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12-04-25 carib
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12-04-25 carib
Pill: depend which bonds.. 25 to 34..
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12-03-25 victor
i confirmed the abc news.. with the dallas express
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https://dallasexpress.com/national/exclusive-former-maduro-spy-chiefs-letter-to-trump-seeks-to-expose-narco-terrorist-war-against-u-s/
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12-03-25 savo
(EFE).- Mariana González, la hija del líder opositor de Venezuela Edmundo González Urrutia, confirmó este miércoles que su esposo, Rafael Tudares, fue condenado a 30 años de prisión tras, dijo, una «sola y única» audiencia de juicio celebrado el pasado viernes.
while Edmundo enjoys life in Madrid... |
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12-03-25 savo
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12-03-25 Merlino
| Either or not true, they are mounting a casus belli |
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12-03-25 victor
LETTER FROM HUGO CARVAJAL BARRIOS TO PRESIDENT DONALD J. TRUMP
United States of America
December 2, 2025
Dear Mr. President Trump and The People of the United States,
My name is Hugo Carvajal Barrios. For many years, I was a high-ranking member of the Venezuelan regime. I was a three-star general trusted by both Hugo Chávez and Nicolás Maduro and served as Director of Military Intelligence and a Deputy in the National Assembly. Today, I sit in an American prison because I voluntarily plead guilty to the crimes charged against me: a narco-terrorism conspiracy. I write to atone by telling the full truth so that the United States can protect itself from the dangers I witnessed for so many years.
I publicly broke with the Maduro regime in 2017 and fled my country, knowing that I face criminal charges in the United States. In doing so, I became their enemy. Knowing the risks, I acted with the strongest conviction to dismantle Maduro’s criminal regime and bring freedom to my country. Today, I see the need to address the American people about the reality of what the Venezuelan regime truly is—and why President Trump’s policies are not only correct, but absolutely necessary to the United States’ national security.
Narco-Terrorism
I personally witnessed how Hugo Chavez’s government became a criminal organization that is now run by Nicolás Maduro, Diosdado Cabello, and other senior regime officials.
The purpose of this organization, now known as the Cartel of the Suns is to weaponize drugs against the United States. The drugs that reached your cities through new routes were not accidents of corruption nor just the work of independent traffickers; they were deliberate policies coordinated by the Venezuelan regime against the United States.
This plan was suggested by the Cuban regime to Chávez in the mid-2000s and has been successfully executed with help from FARC, ELN, Cuban operatives, and Hezbollah. The regime has provided weapons, passports, and impunity for these terrorist organizations to operate freely from Venezuela against the United States.
Tren de Aragua
I was present when decisions were made to organize and weaponize criminal gangs across Venezuela to protect the regime—among them the group known as Tren de Aragua. Chávez ordered the recruitment of criminal leaders inside and outside prisons to defend “the revolution” in exchange for impunity. After Chávez died, Maduro expanded this strategy by exporting criminality and chaos abroad to target Venezuelan political exiles and artificially reduce crime statistics within Venezuela. Gang leaders were instructed to send thousands of members out of the country. This was coordinated through the Ministry of Interior, the Ministry of Prisons, the National Guard, and national police forces. Tren de Aragua became the most effective and fastest growing.
When the Biden–Harris open-border policy became widely known, they seized the opportunity to send these operatives into the United States. They now have obedient, armed personnel on American soil. To finance their operations, they were explicitly instructed to continue kidnapping, extorting, and killing. Every crime they commit on your soil is an act ordered by the regime.
Counterintelligence and Espionage Against the United States
I was present when Russian intelligence came to Caracas to propose to Hugo Chávez the tapping of submarine internet cables that connect most of South America and the Caribbean islands with the United States for the purpose of penetrating United States Government communications.
In 2015, I warned Maduro that allowing Russian intelligence to build and run a secret listening post on La Orchila Island would one day invite American bombs. He ignored me.
For twenty years, the Venezuelan regime sent spies into your country—many are still there, some disguised as members of the Venezuelan opposition. Cuban intelligence showed me their networks inside your naval bases on the East Coast. They bragged about having sent thousands of spies over decades, some now career politicians.
U.S. diplomats and CIA officers were paid to assist Chávez and Maduro in remaining in power. These Americans acted as spies for Cuba and Venezuela, and some remain active to this day.
Smartmatic and Your Elections
Smartmatic was born as an electoral tool of the Venezuelan regime but soon derived into a tool to help keep the regime stay in power forever. I know this because I placed the head of IT of the National Electoral Council (CNE) in his position, and he reported directly to me. The Smartmatic system can be altered—this is a fact. This technology was later exported abroad, including to the United States. Regime operatives maintain relationships with election officials and voting-machine companies inside your country. I do not claim that every election is stolen, but I state with certainty that elections can be rigged with the software – and has been used to do so.
People of the United States, make no mistake about the threat posed by allowing a narco-terrorist organization to roam freely in the Caribbean and throughout Latin America, doing everything possible to harm the American people—to finance anti-Americanism across the continent, and to facilitate the operations of other terrorist organizations and enemies of the United States within Venezuela and now within your borders.
The regime I served is not merely hostile—it is at war with you, using drugs, gangs, espionage, and even your own democratic processes as weapons. President Trump’s policies against the Maduro criminal regime are not just justified, but necessary and proportionate to the threat. He may even be underestimating what the regime is prepared to do to hold onto power. They have contingency plans for every extreme scenario to ensure they never relinquish control.
I absolutely support President Trump’s policy towards Venezuela, because it is in self-defense and he is acting based on the truth. I remain ready to provide additional details about these matters to the United States government.
Hugo Carvajal Barrios
United States of America
December 2, 2025
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12-03-25 victor
the importance of el pollo
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'El Pollo' Carvajal destapa ante Trump la maquinaria delictiva de Maduro y ofrece delatar a espías y políticos infiltrados
Un escrito entregado al presidente de EE.UU. y facilitado a ABC por fuentes del caso detalla veinte años de operaciones del Cártel de los Soles, redes de corrupción y acciones de espionaje con apoyo ruso y cubano
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12-03-25 pillz
I would be quite happy at 2X current bond prices.
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are they trading at 30 ?? |
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12-03-25 carib
| PS: I would be quite happy at 2X current bond prices. |
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12-03-25 carib
| Why share the discount with investors? because it can facilitate the transaction by drastically reducing debt. Selling concessions in default might get lower prices.. |
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12-03-25 carib
Savo: because a state oil co cannot function normally in default.
making investors whole requires cash they do not have.
what they have is oil underground, and to extract such oil they must sell concessions.
Just IMHO. |
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12-03-25 savo
i would not advise debt for concessions...as I would not exchange natural resources for restructurable debt.
Whoever wants to invest in veni has to bring in real hard currency...then veni can do whatever they want with that hard currency... including buying back debt at a discount.
Whey share that discount with the investor?
I see them as two different issues that require different treatment.
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12-03-25 panasonic
Merlino, "IF" something happens yes 2x achievable pretty soon, 3x will require a very smooth transition which me doubt.
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12-03-25 Merlino
.But the point remains: what could be a reasonable recovery value?
.....................
My humble guess is that given current investment (taco) risks people paying current prices are betting in a double/triple in a year time |
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12-03-25 Merlino
The crux, IMHO, will be the credibility of the new political order in Veny (if any)
..............................
Imho a temporary (w/o expiration date) military junta with a civil technocratic facade is the best both us and veni people can hope for.
A total civil gov I think would lead to internal chaos ... I doubt this is what USA wants.
Mcm, Edmundo, etc. will not have any real power in any future gov in my view |
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12-03-25 panasonic
Rosita and other "affiliates" going down, they will probably go to Spain safe haven :-(
https://enmayuscula.com/mundo-noticias/203789-treasury-targets-money-laundering-network-supporting-venezuelan-terrorist-organization-tren-de-aragua |
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12-03-25 carib
| The crux, IMHO, will be the credibility of the new political order in Veny (if any). Veny oil and gold reserves are worth a very large multiple of total debt (calculating barrels at market value less extraction and transport cost) |
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12-03-25 leopardo
With a pro-market Gov everything is possible Carib.
It’ll be a very good idea |
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12-03-25 leopardo
| Of course Carib ,just pulling your leg… |
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12-03-25 carib
| PDVsa should sell concessions payable partially in bonds. |
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12-03-25 carib
| Leo: with Maduro.. I see no recovery. |
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12-03-25 savo
carib ..too many unknown unknowns...
The question in my opinion is about the exit yield...
i would say that a veni firing in all cylenders could easily exit at 8%.
My guess is a 40% haircut on claim...
But i presume the menu will be varied.. so.." all option are on the table"... |
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12-03-25 spal
Vamos a empezar los ataques en tierra muy pronto...
... Made sense as the next step. |
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12-03-25 leopardo
| If Maduro goes or if Maduro stays, Carib??? |
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