lunes, 15 de octubre de 2018

Gasoline for the fire.

When you think you have seen everything, Nicolás Maduro appears to show us that you can still be a little more irresponsible and foolish. He is a discontent, he thinks that the disaster that he has caused so far is little, he wants to finish everything, and he will not rest until he succeeds; unless we prevent it.

There are no words to describe the state of turmoil in which the Venezuelan people are, before the announcements made by the president "Nobel prize for economy" on Friday, August 17. In its bombastic national radio and television station, it definitively buried the myth of Black Friday of 1983; this date, considered until now as the symbol of the national economic debacle, represents only a caress before the cimbronazo given to our financial system by the Venezuelan government.

It is important to remember that, on the so-called black Friday, the first large devaluation of the bolivar took place: the exchange differential changed from 4.30 to 7 bolivars per dollar, which means that, at that time, our currency devalued with respect to the currency. American in just over 60%. Well, the "genius" that Miraflores usurps achieved the "feat" of devaluing our national currency by 2,500%, recognizing that 1 dollar was equivalent to 6,000,000 bolivares fuertes, instead of the 240,000 of the official exchange rate until that instant.

Never had a national currency been so beaten; In the world, there are few cases where a level of destruction can be shown so aggressive. This government took care that our bolivar lost all its value, and, although on Monday try to make up the situation with its parapet of monetary reconversion, and the damage caused is irreparable. The largest devaluation in our history will not stay there, in the coming days, weeks, and months, we will find the indefinite rise of the dollar against the bolivar, returning again the zeros that wanted to eliminate with the cosmetic conversion.

In case the terrible devaluation announced was not enough, Nicolás Maduro, in his delirious obsession to take down Venezuela, launches a salary increase of more than 3,000%, passing in current currency, from 5,200,000 to 180,000,000 bolivares, or his equivalent post conversion: from 52 to 1,800 bolivars. A measure that from all points of view lacks logic, the economy is not a game of dice where you play everything to luck. Tell me, dear reader, in what other country of the world can you see something similar? Can this be understood as a rational economic plan? we can not describe it in any other way than outburst, madness, irresponsibility, stupidity, ineptitude. Although, possibly, everything is part of his very well orchestrated plan to rule over the ruins of the homeland.

You have to be crazy to keep adding gasoline to the hyperinflationary fire, but it seems that for Maduro to understand that is a very complete equation. All the economics manuals indicate that, in a situation of hyperinflation, continuing to generate inorganic money represents the perfect combination for disaster: it is nothing other than stoking the flames, where the town will continue to burn. What is coming is pure candle, the spiral of rising prices will become more uncontrollable than ever, those stories of Zimbabwe, where the cost of items used to vary in a matter of minutes, may pale before what awaits us Venezuelans , thanks to the irresponsibility and lack of sanity of Nicolás Maduro and his courtiers. They are like a plague, which destroys everything in its path.

We are facing difficult times, with blizzards and hurricanes on the near horizon. Nicolás Maduro is a satrap at all costs, without feelings or conscience, he is like a big boy playing with gas cans and a box of matches, about to set everything on fire if he provokes him. It is an imminent danger for Venezuela, its main enemy. We have the historical responsibility to get rid of him, before it is too late, before we have a country, before Venezuela is a territory condemned to perpetual misery.

Paoli
19 08 2018.

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