tag:blogger.com,1999:blog-4080946.post3924066094554829253..comments2024-03-26T00:37:34.943+01:00Comments on Venezuela News And Views: The 400 questionDanielhttp://www.blogger.com/profile/12128609182544333477noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-4080946.post-26993413655865436492015-06-03T08:25:06.807+02:002015-06-03T08:25:06.807+02:00http://www.americanthinker.com/images/bucket/2015-...http://www.americanthinker.com/images/bucket/2015-05/194699_5_.jpgpi31416noreply@blogger.comtag:blogger.com,1999:blog-4080946.post-8862515234176759382015-05-29T20:03:06.522+02:002015-05-29T20:03:06.522+02:00Where do the M2 and Reserves data come from? If ei...Where do the M2 and Reserves data come from? If either comes from Maduro's boys/girls, then why would you believe it to be accurate?Dave Barneshttps://www.blogger.com/profile/07355264650239868491noreply@blogger.comtag:blogger.com,1999:blog-4080946.post-57309075147463240802015-05-25T04:31:11.176+02:002015-05-25T04:31:11.176+02:00When you were considering buying some dollars some...When you were considering buying some dollars some time ago I suggested you do so. <br /><br />My own thoughts on where demand (limited) for Bolivars comes from. <br /><br />1) Remittances - this one I think is clear. The parallel rate is so good I doubt many sell officially at 6.3. As the parallel climbed it drew dollars from official exchange <br /><br />2) Corruption. Between cycles most will hold in dollars, but many schemes do require bolivars. If you were given the opportunity to buy dollars at 6.3 bolivars, would you not also exchange some money into bolivars to take advantage of the preferential rate? Extend this to almost all cycling schemes. Effectively this moves dollar sales by government at 6.3 to the parallel rate through various approaches (and major profit) - as long as govt continues to supply at 6.3 and even SIMADI, this will help keep pressures down on parallel<br /><br />3) Also, businesses with USD earnings must be VERY tempted by the parallel exchange rate if payroll and other costs are in dollars. <br /><br />What is weird to me is that the implicito figure is so much lower. This makes no sense. Either the math for the reserves is wrong, or just the stupidity of the government means individuals do not trust the government to be rational. This exchange rate is totally crazy. <br /><br /> <br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4080946.post-53172094887761483902015-05-23T23:00:37.070+02:002015-05-23T23:00:37.070+02:00where the heck is the great white elephant hunter?...where the heck is the great white elephant hunter? Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4080946.post-67614227146645624832015-05-23T22:59:31.983+02:002015-05-23T22:59:31.983+02:00I can tell you with confidence that indictments wi...I can tell you with confidence that indictments will be unsealed. I have no timeframe but I do think it's on the agenda all the way up to the WH. They are moving along on this and they are making it happen. I am impressed by the effort.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4080946.post-67777884602613037292015-05-23T15:27:52.098+02:002015-05-23T15:27:52.098+02:00Yeah I sell dollars too in order to support inlaws...Yeah I sell dollars too in order to support inlaws in Venezuela as they cannot afford to live. <br />When the dollar went from 30 to 40 the same percent gain nobody noticed so bad. The numbers now will get crazy as it goes up 25 percent a nonth or week. People with dollars will not want to sell and people with bolivars will dump at all cost. Canadian looking inhttps://www.blogger.com/profile/00060240194591839197noreply@blogger.comtag:blogger.com,1999:blog-4080946.post-67866024360333869022015-05-23T15:15:00.473+02:002015-05-23T15:15:00.473+02:00I sell dollars to help poor families I knew when I...I sell dollars to help poor families I knew when I lived in Venezuela. I imagine other people do too. Regarding the house purchases, I'm aware of two cases where people who had businesses in Venezuela were loaded with bolivars, made deals to buy properties with the contract specifying bolivars, got the property, and the seller had to deal with people who wanted large amounts of bolivars. And this is where things tend to break down. I think the guys who wanted those bolivars had acces to the cadivi rate. They were enchufaos cycling the currency back and forth. But that was a few years ago. Fernando Leanmehttps://www.blogger.com/profile/16085680730729620836noreply@blogger.com