As Hugo Chavez Wins Presidential Re-election Someone Makes Absolute Killing On InTrade

Tyler Durden's picture

Moments ago the Venezuelan Electoral Council (one wonders if the term 'Hanging Chad' has a different meaning down there?), announced that with 90% of the votes counted, and an 80.4% turnout, the winner of 54.4% of the vote, and still reigning presidential champion, is Venezuela's Hugo Chaved. This is not surprising. What is quite stunning however, is that someone made an absolute killing in the Chavez reelection contract, which after trading in the 80s range (indicating an 80% probability of reelection), dipped moments ago to the low 20s, following speculation Chavez may be on the way out, only to soar to 99.9 as of the last trade. In other words, someone just made 5x their money on the Chavez vote in minutes, money which has most likely been well spent on Cuban Cohibas by now. Congrats.

Source: Intrade

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DoChenRollingBearing's picture

Too bad for Venezuela, Chavez will drive them deeper into poverty even with all that oil.

Surly Bear's picture

47% says make the same bet with Obama

economics9698's picture

The exit polling was 51-48 for Henrique Capriles but it comes out 54-45 for Chavez, that about right.  Chavez picked out 55% to 57% as his winning number but cut it back a little when he saw the strong (winning) performance of Capriles.

Whoever counts the votes wins.

In America we have the Republicans must win by 3% rule.  If it’s a close election democrats win 100% of the time. 

A fucking fraud show. 

Pass a constitutional amendment restricting every federal government in the world to 10% of the GDP and be done with it.  Government and politicians are useless assholes that are the clown to distract the world from the theft bankers commit, nothing more.

The thugs with the guns that beat the peasants to death for the bankers.

When the fiat dies there better be some mother fucking bankers heading to South America.

LetThemEatRand's picture

"In America we have the Republicans must win by 3% rule.  If it’s a close election democrats win 100% of the time."

Hey government contractor aka economics9698, not that I care who wins but facts are facts.  W lost the popular vote and won in 2000.  The Supreme Court gave it to him.  Whomever they want to win, wins.

vast-dom's picture

didn't know econ9698 was gov contractor. makes sense. 

LetThemEatRand's picture

He mentioned it in passing several months ago.  I'm sure he regrets his honesty, because his ilk gain nothing from honesty.  Funny, isn't it.

economics9698's picture

The 3% rule is called the Al Gore rule.  It been used quite often in Minnesota, Wisconsin, Washington State, Florida, South Carolina, and all over the USA.  If you are a republican you must win by 3%.  Just ask Norm Coleman or Dino Rossi.  


LetThemEatRand's picture

Do they discuss this rule at the water cooler while they hand out government checks to flaming hypocrites?  Good to be near the water cooler during such flaming events....

Comay Mierda's picture

arguing over the internet is like competing in the special olympics

even if you win, you are still retarded

GetZeeGold's picture




Dewey wins......didn't see that coming!!!


Everybodys All American's picture

Nobody gave him anything. They followed the constitution. Supreme Court ruled on a bogus claim by Gore. Gore couldn't win his own state of Tenn. for god sakes. Popular vote has never elected the president. Drop the bs.

Then again if your boy loses I'm sure we'll have the same battles only this time Soros has lined up all the secretary of state's with democrat allies.

Debt-Is-Not-Money's picture

Who decided that RED was to be associated with the republicans when facts and history clearly show it should be the democrats (CPUSA)?

odatruf's picture

The teevee stations did.  Oddly enough, until the 70s or 80s, they had them swapped.  Blue was the GOP and Red the Dems.

Meaningless circus, anyway.


drchris's picture

There must have been some way to count the votes such the Gore won, but I think we might still be counting today to find it.

Dr. Engali's picture

Rand that's just retarded. They counted those votes four times and Gore kept wanting a recount. It had to be settled. After the vote was over and the election was passed various third parties recounted the votes and it always came out that Bush was the winner. For the record I didn't vote for nor support Bush but I condemned what was going on because I knew it wasn't good for the nation.
Looking back and researching it I now realize it was all part of ushering in the new world order. They had to make us lose faith in our institutions. A plan they continue with today.

Fuck Rand get out of the red blue illusion and think these things through.

LetThemEatRand's picture

Fuck Engali, M.D. and your $400 aspirin.   My point is that the votes don't count.  It is demonstrably true that the votes don't count here or elsewhere, as evidenced by Chavez and Bush before him (no, I don't care if Gore won or lost, but facts are facts and anyone who wants change must understand how the system works).  As it concerns Bush/Gore, the Supreme Court was sharply divided on party lines so the idea that it was somehow "the rule of law" just goes to show what you all mean when you talk about same.

economics9698's picture

You are a asshole not worth arguing with.  Fuck off and die.

LetThemEatRand's picture

If I die, then you will lose some of the tax revenue that pays your pathetic taxpayer funded salary.   You hypocrite ass fuck who upvotes himself.

Alcoholic Native American's picture

LOL, not sure why you get downvoted so much letthemeatrand, I always enjoy your posts.

GetZeeGold's picture



That cat kills in the Catskills.


So does Vera......when she can make it.

LetThemEatRand's picture

"You are a asshole"

Stick an "n" in your asshole, asshole.  It's "an asshole, asshole."  I guess that even Red Team conservative professors are still fucking idiots, yes?

GetZeeGold's picture




Uude, don't sugar coat it...just tell us what you really think.


Acet's picture

The really shocking bit for me (not American) was how in Jeff Bush's Florida in traditional black and poor neighbourhoods (which were likelly to vote Democrat) there were fewer voting boots and they closed while there were still many people waiting to vote.

That and how the code for Diebold machines was never opened to examination by independent 3rd parties.


That was the moment middle America bent over, pulled their pants down and got it good and hard with no lube. That day The Powers That Be got their confirmation that they could get away with anything: all the shit that happened since then culminating in the imminent destruction of the USD as the World's Reserve Currency is just the natural result of that.

Not saying that Red team is better than Blue team, just saying that when you can fix the election the dynamic of how much is it worth to buy someone and how much incentive does that person has to stay bought changes.


JustObserving's picture

A fucking fraud show. 

"Former US President Jimmy Carter has declared that Venezuela’s electoral system is the best in the world.

Speaking at an annual event last week in Atlanta for his Carter Centre foundation, the politician-turned philanthropist stated, “As a matter of fact, of the 92 elections that we’ve monitored, I would say the election process in Venezuela is the best in the world.”

Venezuela has developed a fully automated touch-screen voting system, which now uses thumbprint recognition technology and prints off a receipt to confirm voters’ choices.

In the context of the Carter Centre’s work monitoring electoral processes around the globe, Carter also disclosed his opinion that in the US “we have one of the worst election processes in the world, and it’s almost entirely because of the excessive influx of money,” he said referring to lack of controls over private campaign donations."

Dr. Engali's picture

Will one of the seven and counting people junking DoChenRollingBearing please explain why you're junking him.

LetThemEatRand's picture

I didn't junk him, but I'll answer anyway.  The people would become poorer regardless of who won.  400 Americans have more wealth than one half of all Americans, and that has been (roughly) true for 40 years of Red Team and Blue Team back and forth.  Chavez says what the poor want to hear like big O.   But they all work for their own wealth and the wealth of those who fund them.

LetThemEatRand's picture

I take that back.  I just junked the small smooth balls guy for thinking that the other guy would have done anything for the people.  

Dr. Engali's picture

Anybody who votes for somebody thinking they're going to do somthing for them is an idiot. I vote for people hoping they'll get the hell out of the way.

LetThemEatRand's picture

Yes, more power to the oligarchs and medical professionals.

LetThemEatRand's picture

Wrong, but comforting to you.  Now go take some $2 aspirin, and charge my insurance $400 for it while bitching endlessly about Medicare because you can only charge 3 or 4X the actual price of services to old people who have no choice but to see you.

Dr. Engali's picture

Rand you're hopelessly caught in the red and blue matrix. There is no saving you.

LetThemEatRand's picture

Says the M.D. who is upset because I'm calling out his anti-poor person bullshit.  Let me translate what you really think:  "there is no point saving [poor people because there's no money in it]." 

Dr. Engali's picture

What in the hell makes you think I'm an M.D. ? My avatar? It's a character from my favorite show when I was a kid you idiot. Johnny Socko and the Flying Robot. I'm a middle class person with a wife and three kids. I can guarranfuckingtee you that I volunteer more time with the poor and those in nursing homes than you could ever imagine.

LetThemEatRand's picture

I don't watch television much, so I missed your Pop Culture point -- hypocrite.  But I suspect you are wrong about our relative time spent time in nursing homes.  It is possible you spend more time with the poor, but I doubt you do more for them.....      

Dr. Engali's picture

Well you have no clue what you're talking about. Which just proves how stupid you are when you comment about a persons activities when you never met them. My kids and I spend one day a week in each of the five nursing homes around town volunteering our time. I try to stress the importance to my kids of taking care of those in need.

What do you do with your time besides bitch?

And please explain how I am a hypocrite because of my avatar. Which , by the way was never pool culture it's over 40 years old.

LetThemEatRand's picture

Like Mitt Romney, I give a large percentage of my income to the needy.  And I have a parent who lives in an assisted living facility with dementia and you can go fuck yourself for trying to compete with that.

Dr. Engali's picture

A typical hypocritical rich person. Only gives income but is too good to get their hands dirty and give time. Hypocrite... We give both money and time.

LetThemEatRand's picture

I see I hit a nerve.

I give both, but you don't read too good.  Fuck you Engali, non-doctor.  I moved said parent to my city.  Hands are very dirty.  Did I say fuck you?  No?  Fuck you.

Dr. Engali's picture

Have a good night ... Like Mitt Romney Rand. Some of us have to work in the morning. But don't worry we'll keep it between us that you identified yourself with Mittens. .... Well not really. I'll hold on to that post .

LetThemEatRand's picture

Funny that you don't get the percentage reference.  Brilliant man, woman or cartoon or whatever you are.

LetThemEatRand's picture

He's dead, Jim.  Now that was good T.V.

Burnbright's picture

The only thing you give Rand is Bullshit.

Lebensphilosoph's picture

More fool you. And if you care so much about your parent, have him move into your home.

LetThemEatRand's picture

I'm going to change my name to "Race Car Driver Rand."