Karel Martel B
11 juni 2014, 05:47
Het socialisme heeft van Venezuela een klasse-maatschappij gemaakt: zij die toegang hebben tot dollars, en de onderklasse:
Prostitutes more than double their earnings by moonlighting as currency traders in Puerto Cabello. They are the foreign exchange counter for sailors in a country where buying and selling dollars in the streets is a crime -- and prostitution isn’t. Greenbacks in the black market are worth 11 times more than the official rate as dollars become more scarce in an economy that imports 70 percent of the goods it consumes.
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The dollar shortage is turning Venezuela into a two-tier society similar to the Soviet Union and Cuba, said Steve Hanke, professor of applied economics at Johns Hopkins University in Baltimore. Those with access to dollars such as prostitutes, tour agents, airport taxi drivers and expatriates are able to shield themselves from inflation by trading their greenbacks at ever higher rates. Those who can’t are seeing their living standards decline.
...
The price paid by investors to protect Venezuelan debt against default rose 3 basis points in the past month to 987, the highest in the world after Argentina, according to data compiled by Bloomberg. The price of the credit default swaps implies a 49 percent chance that Venezuela will stop paying bondholders in the next five years.
The economy contracted 0.5 percent in the first quarter from a year ago, according to a median estimate of seven economists surveyed by Bloomberg. Economists at Goldman Sachs Group Inc. forecast last month that the Venezuelan economy would shrink 1.3 percent this year. Gross domestic product expanded 1 percent last year, the central bank has said.
http://www.bloomberg.com/news/2014-06-09/venezuela-prostitutes-earn-more-selling-dollars-than-sex.html
Prostitutes more than double their earnings by moonlighting as currency traders in Puerto Cabello. They are the foreign exchange counter for sailors in a country where buying and selling dollars in the streets is a crime -- and prostitution isn’t. Greenbacks in the black market are worth 11 times more than the official rate as dollars become more scarce in an economy that imports 70 percent of the goods it consumes.
...
The dollar shortage is turning Venezuela into a two-tier society similar to the Soviet Union and Cuba, said Steve Hanke, professor of applied economics at Johns Hopkins University in Baltimore. Those with access to dollars such as prostitutes, tour agents, airport taxi drivers and expatriates are able to shield themselves from inflation by trading their greenbacks at ever higher rates. Those who can’t are seeing their living standards decline.
...
The price paid by investors to protect Venezuelan debt against default rose 3 basis points in the past month to 987, the highest in the world after Argentina, according to data compiled by Bloomberg. The price of the credit default swaps implies a 49 percent chance that Venezuela will stop paying bondholders in the next five years.
The economy contracted 0.5 percent in the first quarter from a year ago, according to a median estimate of seven economists surveyed by Bloomberg. Economists at Goldman Sachs Group Inc. forecast last month that the Venezuelan economy would shrink 1.3 percent this year. Gross domestic product expanded 1 percent last year, the central bank has said.
http://www.bloomberg.com/news/2014-06-09/venezuela-prostitutes-earn-more-selling-dollars-than-sex.html