Bolivia nationalises Silver mine
- Thread starter CriticalSilver
- Start date
Now this... this is interesting!!
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I remember reading somewhere that nationalization almost always means mine output going off a cliff
10 Biggest Silver Mines in the World [PHOTOS]
http://www.ibtimes.com/articles/267958/20111215/10-biggest-silver-mines-world-photos.htm
*** EDIT ***
I remember reading somewhere that nationalization almost always means mine output going off a cliff
Yup am happy I am sticking to phys
10 Biggest Silver Mines in the World [PHOTOS]
http://www.ibtimes.com/articles/267958/20111215/10-biggest-silver-mines-world-photos.htm
They're nationalising a lot of mines, not just silver mines
thatguy said:
??? Im no expert, but wont this mean more money for the not so rich people of Bolivia? People will still buy their resources, even if they're shunned against at first.
Then again, a vast proportion of the money would probably only stay in the "rich's/elites" hands. This wouldnt change the econmoy or social structure of Bolivia, as resource revenue is not the whole answer but only a portion of any countries revenue. A complete social structure and shift within the country would have to change, for any real benefit to the people.
so maybe only in theory it sounds good, i did just wake up tho, picked up the laptop and instantly thought of a "power to the people" scenario. But i guess it takes alot more than that.
http://www.pej.org/html/modules.php...=article&sid=9714&mode=thread&order=0&thold=0
Just something i googled, quite interesting as the people seem to want it, protesting and taking a couple of hostages including a police officer lol. I guess these people do have the fight in them to achieve, not that im condoning taking hostages.
the government is also moving towards socialism tho broad term, it is what the country needs right???
I didnt no much or even the name of the bolivian goverenment, but since checking up the goverenment facts and seeing its evo morales (sounds like a boxer
), also have realised that his name has popped up alot on SS lately, he doesnt seem like a bad guy and is at least responding to the people and for the people without tyranny.
Just something i googled, quite interesting as the people seem to want it, protesting and taking a couple of hostages including a police officer lol. I guess these people do have the fight in them to achieve, not that im condoning taking hostages.
the government is also moving towards socialism tho broad term, it is what the country needs right???
I didnt no much or even the name of the bolivian goverenment, but since checking up the goverenment facts and seeing its evo morales (sounds like a boxer
), also have realised that his name has popped up alot on SS lately, he doesnt seem like a bad guy and is at least responding to the people and for the people without tyranny.
Well, old Evo famously privatised Boliva's water supply
...and just did a crackerjack job of that one too!
...and just did a crackerjack job of that one too!
Please correct me if im wrong. But from my nieve/laymans analysis of Nationalising natural resources it can eaither mean:
A) The profit from the mine will either go into the hands of a few, (as suggested by thatguy)
or
B) Be used to build up a country, weather it be building infastructure, roads, hopitals etc.
its a gamble depending upon how corrupt the government is.
If it was a privatised mine then the profits will go to the shareholders and be shipped off-shore most likely, and the people will still see no results from the mine.
A) The profit from the mine will either go into the hands of a few, (as suggested by thatguy)
or
B) Be used to build up a country, weather it be building infastructure, roads, hopitals etc.
its a gamble depending upon how corrupt the government is.
If it was a privatised mine then the profits will go to the shareholders and be shipped off-shore most likely, and the people will still see no results from the mine.
This is RSC's response to the nationalisation of the National Electrical Transmission System in May 2012.
http://www.royalsilver.com/news_archivos/Letter-about-nationalization.pdf
http://www.royalsilver.com/news_archivos/Letter-about-nationalization.pdf
Clawhammer said:Well, old Evo famously privatised Boliva's water supply
...and just did a crackerjack job of that one too!
haha, by the hints of sarcasm it sounds like a doozy. Care sharing the story or link?? i cant be bothered searching but wouldnt mind a laugh.
goldpanner
New Member
mikedm said:
Interesting perspective from someone living in Bolivia, worth reading.
It looks like Evo is waiting for the indigenous people themselves to decide whether they want to nationalize the silver mines before he goes ahead and does it.
hussman said:
That's assuming they are at all interested in maintaining mining output in the current economic circumstances. If they were, why wouldn't they just introduce a MRRT like Julia and Wayne have done instead of an out-and-out nationalisation, which implies at least a degree of confiscation from the current owners/operators.
Could it be that he doesn't like the idea of Wall Street Banksters and corrupt crony corporatists getting rich off suppressing the price of his countries metals and minerals? Bolivia more than most countries may have noticed the finacial benefits of a higher Silver price last year and considered what needs to happen to sustain it. I don't suppose Evo would be high on Jamie Dimon's list of friends.
Certainly an interesting development.
dex said:Clawhammer said:Well, old Evo famously privatised Boliva's water supply
...and just did a crackerjack job of that one too!
haha, by the hints of sarcasm it sounds like a doozy. Care sharing the story or link?? i cant be bothered searching but wouldnt mind a laugh.
He sold off the country's decrepit water infrastructure to an equally decrepit US company to supply water to Bolivian households, farms and 'cough-cough' industries.
When the stupid company found out what a shambles the aging pipes, dams and sewers were in (AFTER they'd signed the contract
) they jacked up prices into triple-digit percentage increases. When households started getting water from public water taps because they had their home water cut-off for not paying... the govt cut off supply to public water taps.
When people started gathering water from streams, the police started arresting them.
When the Govt made it illegal for people to collect the rainwater that fell on their roofs... they started rioting in the street and attacking our old mate Evo.
Clawhammer said:dex said:Clawhammer said:Well, old Evo famously privatised Boliva's water supply
...and just did a crackerjack job of that one too!
haha, by the hints of sarcasm it sounds like a doozy. Care sharing the story or link?? i cant be bothered searching but wouldnt mind a laugh.
He sold off the country's decrepit water infrastructure to an equally decrepit US company to supply water to Bolivian households, farms and 'cough-cough' industries.
When the stupid company found out what a shambles the aging pipes, dams and sewers were in (AFTER they'd signed the contract
When households started getting water from public water taps because they had their home water cut-off for not paying... the govt cut off supply to public water taps.
When people started gathering water from streams, the police started arresting them.
When the Govt made it illegal for people to collect the rainwater that fell on their roofs... they started rioting in the street and attacking our old mate Evo.
Hey Clawhammer, where did you get this info? Is there a doco I can watch?