tag:blogger.com,1999:blog-4080946.post7503551461183534210..comments2024-03-26T00:37:34.943+01:00Comments on Venezuela News And Views: A stealth devaluation for nothing with a cowardly display by ChavezDanielhttp://www.blogger.com/profile/12128609182544333477noreply@blogger.comBlogger16125tag:blogger.com,1999:blog-4080946.post-85216119459939439122010-01-10T00:30:40.040+01:002010-01-10T00:30:40.040+01:00ot but this is insane:
http://www.laprensadigital...ot but this is insane:<br /><br />http://www.laprensadigital.com.ve/?tag=oficinas-publicasfirepigettehttps://www.blogger.com/profile/17348890269608169297noreply@blogger.comtag:blogger.com,1999:blog-4080946.post-52431515273910308042010-01-09T22:45:57.945+01:002010-01-09T22:45:57.945+01:00Sure wish I could visit VE again, but not under th...Sure wish I could visit VE again, but not under this administration. (And, there goes any future purchases of Pampero Anniversario.)Punkindrublicnoreply@blogger.comtag:blogger.com,1999:blog-4080946.post-83583458648542209112010-01-09T21:44:04.030+01:002010-01-09T21:44:04.030+01:001979 Boat People said...
What else can we expect f...1979 Boat People said...<br /><i>What else can we expect from this coward Thugo!</i><br /><br />1) Devaluation was inevitable. Should have been done years ago.<br />2) What else? Anything is possible. The sky's the limit.With Thugo, there will always be something.Boludo Tejanonoreply@blogger.comtag:blogger.com,1999:blog-4080946.post-78413758488839512432010-01-09T17:44:19.822+01:002010-01-09T17:44:19.822+01:00What else can we expect from this coward Thugo!What else can we expect from this coward Thugo!1979 Boat Peoplenoreply@blogger.comtag:blogger.com,1999:blog-4080946.post-87390099553962994242010-01-09T17:14:02.660+01:002010-01-09T17:14:02.660+01:00can anyone confirm exporters will be getting 2.6 f...can anyone confirm exporters will be getting 2.6 for their dollars if they decide to bring them back to Venezuela?<br />No, better don't confirm. It is Saturday...vamos a la playa, lalalalalo.<br /><br />Daniel, I should have known the announcement was going to be today. Those announcements always take place the day after my sister emails me saying the whole family is going for some days to the beach.Keplerhttps://www.blogger.com/profile/11125538872924743270noreply@blogger.comtag:blogger.com,1999:blog-4080946.post-84629263156140322082010-01-09T16:43:35.810+01:002010-01-09T16:43:35.810+01:00medio criollo
yes, it was a typo. already correc...medio criollo<br /><br />yes, it was a typo. already corrected. <br /><br />if you read the way it was put, reminding readers of the oil bonanza that chavez enjoyed but that was not there for the previous devaluation cycle, it should have been 10 and not 100.<br /><br />but worry not, we might well reach the 100 before chavez leaves office. a frightening concept.<br /><br />the thing is that a 10 fold under chavez is IN FACT worse than the 100 fold before. then it was a time of hyperinflation and lax controls, whereas since chavez came to office the world has been tightly controlling its inflation. as a matter of fact chavismo in its earlier period also controlled inflation until ideology and populism got mixed up with unbridled narcissism.<br /><br />in other words: having a 50% devaluation when your neighbor has a 20% one is no big deal. but when your december inflation is almost equal to your neighbor YEARLY inflation, then things are way different and much more damaging. the chavez 10 fold is at least as bad as the 100 fold from before.Danielhttps://www.blogger.com/profile/12128609182544333477noreply@blogger.comtag:blogger.com,1999:blog-4080946.post-89568594181803821192010-01-09T16:24:11.128+01:002010-01-09T16:24:11.128+01:00Hope your film was good Daniel, however Chavez fac...Hope your film was good Daniel, however Chavez face was worth the watch. This is not anymore the good old Chavez we were so used to, on top of the world, making jokes, popular discourse. This Chavez looks for his words, looks wasted and reminds me of a line in the Godfather III, "power runs down those who don't know how to use it". Would never vote for him if only because he looks like a looser now.Charlynoreply@blogger.comtag:blogger.com,1999:blog-4080946.post-78238765058556304912010-01-09T16:20:17.796+01:002010-01-09T16:20:17.796+01:00Interesting. Also, just a few years after he named...Interesting. Also, just a few years after he named his currency fuerte, he has to devaluate. It's coming to the end soon. And really, the bolivar has devalued to 6, hasn't it?Mucho Spanishhttps://www.blogger.com/profile/06050244759877801560noreply@blogger.comtag:blogger.com,1999:blog-4080946.post-87574513830365784192010-01-09T16:07:39.154+01:002010-01-09T16:07:39.154+01:00Daniel
What a coward - agreed. Just makes me want...Daniel<br /><br />What a coward - agreed. Just makes me want to vomit to think that soemeone like this and his cronies can get to run a country. I feel sorry for everyone left behind.<br />One small correction - from 500 in 1998 to 4300 today is only 10 fold at best devaluation, not 100mediocriollohttps://www.blogger.com/profile/17997030848712177540noreply@blogger.comtag:blogger.com,1999:blog-4080946.post-20610102943903578472010-01-09T16:04:06.064+01:002010-01-09T16:04:06.064+01:00Daniel, one of the many reasons the international ...Daniel, one of the many reasons the international left loves Chavez is the so-called "worker-controlled" industries. There is only one (as far as I know) in Venezuela, Alcasa. The whole concept is flawed on its face but they've kept Alcasa afloat for years with subsidies so they can maintain the facade of "cogestion." Well, it looks like this workers' "paradise" may be falling by the wayside in the need to save energy.<br /><br />http://www.reuters.com/article/idUSN2212796520091222?type=swissMktRpt<br /><br />Of course the government is busy saying employment is gauranteed.<br /><br />http://www.rnv.gov.ve/noticias/?act=ST&f=4&t=116838<br /><br />So, either this white elephant stays afloat, at everyone else's expense, to bolster Chavez's image with his sycophantic followers or they face reality.ConsDemonoreply@blogger.comtag:blogger.com,1999:blog-4080946.post-90225266441546245872010-01-09T15:36:19.544+01:002010-01-09T15:36:19.544+01:00Daniel, I did not know that this WAS NOT a cadena....Daniel, I did not know that this WAS NOT a cadena. Thanks for letting us know...that's typical Daniel, who goes beyond the straightforward. Chapeau!Brunihttps://www.blogger.com/profile/08849365409552756232noreply@blogger.comtag:blogger.com,1999:blog-4080946.post-33615206045692159862010-01-09T15:09:51.197+01:002010-01-09T15:09:51.197+01:00oh well...better there than here....oh wait !! we...oh well...better there than here....oh wait !! we have Obama, so maybe not that far off for us too.....sheik yer boutinoreply@blogger.comtag:blogger.com,1999:blog-4080946.post-91795538319158987322010-01-09T13:36:03.080+01:002010-01-09T13:36:03.080+01:00Well it had to happen - election coming & all ...Well it had to happen - election coming & all - but it is quite a jump. A 100% devaluation. <br /><br />That has to hurt but it shows just how desperate & "seat of the pants" he runs things. His "advisors" probably told him there was not going to be any money to buy the AN elections & his was his solution.<br /><br />Lots of questions to be answered:<br /><br />What happens to the travelers now outside of the country using their CADIVI credit cards?<br /><br />What will happen to the permuta market on Monday?<br /><br />What will happen to the prices of consumer goods nest week? Many were already priced at the parallel rate.<br /><br />How can he now say that salaries in Venezuela are the highest in SA when he just cut them in half? Is he going to double them on May 1?<br /><br />How will he explain away his promise to never devalue?<br /><br />It's going to be an interesting week.Island Canucknoreply@blogger.comtag:blogger.com,1999:blog-4080946.post-91932533999151269942010-01-09T11:45:25.906+01:002010-01-09T11:45:25.906+01:00The reality is that the devaluation reflects the r...The reality is that the devaluation reflects the real exchange rate which is somewhere between the government rate and the black market rate.<br /><br />Normally a country devalues to insure that its products stay competitive in the international markets. But Venezuela does not export anything other than oil - and Venezuela is selling all it can produce which it aint as much as it used to be due to lack of investment in oil production. Diminishing foreign reserves may have an influence too. And we know Thugo spends hand over fist as short term not meaningful social happiness bribes, and to buy support from abroad.<br /><br />So the big question, is why devalue at this time. Since I have not been in Venezuela in quite some time could some of you help shed a light on this question.<br /><br />What about the introduction of the two official exchange rates at2.60 and the 4.60? <br /><br />Thugo bandits will have the 2.60 rate available to them for sure. For them the wide gap between the government rate and the black market rate makes their reward for total loyalty to the supremo of Miraflores - its a huge corrupted bonanza.<br /><br />As to the two Venezuelan F-16 going out to intercept the US plane over Venezuelan air space. Isn't it funny? He sent the US made planes who are barely flying due to lack of spare parts. I can see him talking to some other fat Air Force General now "Well mi gordo if the US counter attacks our F-16 planes, it will not be a big lost. We can barely fly those Yankees F16s for much longer since we lack spare parts. Let's get some value from out of the pile of gringo junk in propaganda currency. If they are downed, I will have an excuse to replace them with Russian attack planes and we get a chance to increase our swiss account by a few millions. MANDALOS GORDO MANDALOS YA! You can hear the Fat Air force General outside of Thugo closed Miraflores office doors ->hahahaha<br /><br />Alejo, VZLA Paraiso PerdidoAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4080946.post-57536794044301869962010-01-09T06:44:12.263+01:002010-01-09T06:44:12.263+01:00Chávez also announced that the BCV will start to i...Chávez also announced that the BCV will start to intervene in the exchange market to reduce speculation. This is surprising because that market supposedly doesn't exist and it's illegal. Until now they've been issuing bonds to slow down the black market, this has made fortunes for the well connected. Does this mean they're going to stop the issue of bonds?<br /><br />Chavez also announced they're going to stimulate exports. This has to be a bad joke. Everything the government does is depress production and stimulate imports. If someone dares to export instead of selling internally at fixed prices he threatens to expropriate.amieresnoreply@blogger.comtag:blogger.com,1999:blog-4080946.post-74789051283269056052010-01-09T05:44:35.574+01:002010-01-09T05:44:35.574+01:00Por una vez no hizo cadena, asi asi es que se gobi...Por una vez no hizo cadena, asi asi es que se gobierna, mal aconsejado, o será que las luces de su entorno lo hacen adrede? Las consecuencias de este desgobierno serán bárbaras, los acróbatas de la economia gobiernera piensan que tienen una malla para amortiguar la caida, allá ellos, pero pobre el pobre!La Maga Leenoreply@blogger.com