Category Archives: Economy

I’m very impressed by the recent declarations from the director of the IMF Dominique Strauss-Kahn, he thinks the USA credit crunch requires government intervention at a global level arguing that the recession is not only in USA but globally.

Which are his basements? We’ll have to wait until the IMF delivers their semester analysis and see in what the director of the IMF is based to say such an authoritarian argument. From my point of view this issue is only from USA, and was created because of the government involvement and control over the market, specially when they give those credits to people with bad credit history creating a fictional grow of the inmobiliary market deriving in this recession since affected the stability of the main banks in USA.

Ok, this affects the imports that USA could make from other countries since their consume rate is getting lower but this will make prices lowers since there will be more offer than demand so that will help to elevate the consuming of products in markets like the European and the Asiatic. USA is exporting only services, not products so this will not affect directly the delivery of any kind of products, most of them are elaborated by Chinese companies and delivered directly from China.

USA is not anymore what used to be, now the global market doesn’t depends on USA. That’s why I reject what the IMF said, involving the governments in the control of the market would be worst making all the countries goes in the same direction that USA is, floating over bubbles of fictional economic prosperity. This is what the FED has made all this years controlling the market in the USA, pumping more money in the market without real support and this is what they get, controlling the interest rates and this is what they get. The market can do this by himself.
If you have any doubts about why the FED can’t do what they want read this article in mises.org from Frank Shostak and you will understand a little better.

The government control over the markets could spread the USA crisis globally, Dominique instead should ask to the USA government that release the market and let the market be really free and works as knows to do.

While all make jokes, they see videos on YouTube and hear songs of the Spanish King’s sent to shut-up Chavez, the Venezuelan government has devalued the Bolivar in a 100% with the issuance of their El Venezolano I bonds just like what Larry Nieves tells. Meanwhile all the politicians that there is motion in Venezuela obviate the fact that the Venezuelan economy dies because of the state intervention as long as we live an alleged boom according to our government, yet there are shortages of food commodities, yet in a country that exports oil there’s shortage of gasoline in Táchira.

In the meanwhile all his attention is away from the reform to make a show and gives away the seriousness of this fight against a constitutional reform that is initiated by a Venezuelan government that sees only in one color.

The main problem is that Chávez like to gift money that’s not from him. I mean, we have an incredible big money input by the petroleum but that’s not Chávez money!

He, as the omnipotent dictator of Venezuela has taked the rights to spend as he likes the money part of the venezuelans according to him in this way giving to venezuelans the things they need to live. That mean education, health and clothes but ala Chávez-way. That means: education? Ok, let’s watch some revolutionary videos during some months and I will give you a degree; health? Right, but did you firm against Chávez in the revocatory?; Clothes? Ok, here you have your red-chávez t-shirt.

Does you need work? Since the government had converted in the main company in Venezuela the first place where you goes is: The government institutions. They gives you work but if and only if you are subscribed to the new biggest-lie political party invented by the chavismo: PSUV. And once you subscribed then you could get the job or you couldn’t, but the important part, now you’re one more of the guys that have subscribed to the party and you count in the propaganda that they makes to his party: There’re several persons that have subscribed, WE ARE INVINCIBLE, according to them and if you’re someone that certainly don’t know anything about why people subscribes to this political party then you’re going to believe it and convert a chavista not convinced ideologically but convinced that they’re too much and can’t fight against them.

That’s the main problem with getting out Chávez of the government, too many people right now is thinking that they’re too much, but in the reality, the large amount of chavistas do not believe in what they’re following, they’re only following the money.

But this is a good chance to us, the liberals to get enough participation in the government with large propaganda plans. So wait some of this very soon, now the people is going to really have the power.

That’s what I heard like 5 days ago while I was in Santa Marta, Colombia in holidays with my family.

There were a lot of venezuelans, like 80% of the turists were venezuelan and a uruguayan says But you guys en Venezuela does have too much dollars! Why you came to Colombia instead of going to places more expensives like Europa?

Then he did understand that the money is not for the people is for the group of socialists that forms the new richs group as well…

It’s the same thing always, But Venezuela does have too much money! but anyway that money goes to our pseudo-politicals pockets.

But in places like Colombia they’re selling stocks of the national petroleum company (EcoPetrol) to their people in low prices and only for colombians so anyone could benefit investing in this very small company in Colombia (compared to PDVSA).

Welcome to the socialism people of Venezuela!