What is happening and what will happen in Venezuela. Pt 3.

in #busy6 years ago
Hello Steemers! This week I bring you a brief account of what has happened in the Venezuelan society and economy since last August 29. We started with a small refreshment of memory for my Venezuelan compatriots who read me. Do you remember the supposed assassination against President Nicolás Maduro on July 24 of this year? In which they blamed several opposition figures and kidnapped the deputy democratically elected by the people to support the opposition group Juan Requesens, thus violating his parliamentary immunity, which today has 36 days detained in the Helicoide, where the only thing It is known that video is supposed to clearly see his eyes lost, with dirty boxers full of their own feces, with bloody dolls as a result of torture or love as the president of the ANC @dcabellor would say. But that is another story, like many other political prisoners in Venezuela.

"There are already 36 days in which Juan Requesens is incommunicado, there has been no communication with his family and lawyers, today we want to show that his right to defense is being violated" - Stalin González. Deputy of the National Assembly.


Source

We go with an issue that fills many citizens with concern, especially the owners of businesses, in my neighboring city Puerto La Cruz, the band "Los Plateados" charge a vaccine to the locals in their sector and if they do not pay for said vaccine, they shoot at the owner's home. The last episode occurred on Friday September 7 at 5:00 in the house of a merchant who had not paid his vaccine, received an ultimatum from this band, but ignored and received a prompt response with a burst of shots at home.

Many neighbors identify the culprit as "albertico" leader of the gang along with the security forces and narrate that many businesses are closed for the same reason and the bakeries are those who work and until 2:00 pm for fear of being attacked.

How can you live in peace and harmony, with such madness?

Source of the news

Now yes, let's go into the topic that we have been talking about ...

Do you remember when I told you about the price list that shows the regulated items? Guess that there is a shortage.

Since they announced this list of prices, 3 weeks to be exact, the meat and the chicken are missing in the popular markets or butcheries of supermarkets. (at least in the city where I live)

"Most people are solving with banana, yucca and sardines, they are the products that are most obtained, I do not see the economic measures taken by the national government." - Maria Salas, passer-by at the Central Madeirense supermarket.


Source

The same goes for powdered milk, wheat flour, sugar, precooked cornmeal, none of that is on the shelves of any supermarket.

Economy.

"Public and private banks have been authorized for any exchange operation, banks must publish the resulting DICOM auction rate on a daily basis in accordance with the provisions of agreement number one published by the BCV (Central Bank of Venezuela)." - Tareck El Aissami. Sectoral Vice President of Economy.


Source

That is, exchange control is maintained, public, private banks can buy and sell currencies. The Central Bank of Venezuela (BCV) will centralize the purchase and sale of foreign currencies and foreign currency generated by state companies (PDVSA and CVG, among others). The private sector that exports products and services may keep 80% of the generated currencies and must sell 20% to the BCV. The single fluctuating exchange rate will be the weighted average of all trades that are traded.

In addition to the exchange bureaus, retail operations will also be permitted throughout the country's public and private banking system, so a call was made to expand the opening of accounts in foreign currency. The companies will have an additional financing mechanism, since they will be able to negotiate sovereign bolivars securities issued in dollars.

You have to know that this type of exchange operations does not allow you to issue dollars in cash, only electronic dollars assigned to a credit card that can be used outside the country. Currently, the DICOM rate is

  • BsS 61.67 x $ 1
  • BsS 71.38 x € 1
    It is a very accessible price taking into account the value of the parallel dollar that is currently of BsS 98 x $ 1


Source

Another very important economic measure are the agreements signed by the current Vice President of Venezuela, Delcy Rodríguez, with different countries, including China, Russia, Turkey and India. These agreements are for signing oil and mineral agreements because the country has been a bit hampered by the low production of crude oil. Recall that China has been the main financial partner of the Chavista government, 490 agreements have been signed and have been granted approximately 62,000 million dollars, in a period of 10 years, this debt is canceled by Venezuela with shipment of crude oil.

"After a smooth presidential election, the situation in Venezuela has improved and his government is actively promoting financial and economic reform, On possible financial aid contracts from Beijing to Caracas, Geng only said that the financial cooperation "benefits the local (Venezuelan) population and is working well" and "follows the principles of mutual respect, in line with international standards." Xi and his wife, Peng Liyuan, will give a banquet in honor of Maduro and his wife, Cilia Flores, and the Venezuelan leader will preside over the sixteenth meeting of the high level committees for the bilateral relations of both countries.
" Geng Shuang - Chinese Foreign Ministry spokesman

"Venezuela requires around $ 80,000 million to recover its economy, of which $ 20,000 million must be invested in the first two years." - Ricardo Hausmann - Professor at Harvard University


Source

We all doubt that China will give that amount of money, because it is an exaggeration, but what it grants will not be to give oxygen to the Venezuelan government for a few months. All this will depend if PDVSA's oil production can increase, this is 1.4 million barrels per day and in the golden age of Venezuela, 3.2 million barrels of oil were produced per day.

Venezuela is in a hyperinflationary process since a year ago, generalized shortage of goods and food products.

Venezuela agrees with at least 7 companies and cede the temporary management of several oil fields in exchange for paying a variable amount per barrel if they increase production, this is according to the draft contract and two sources in the sector.

With these agreements, the national government establishes that PDVSA (Petroleos de Venezuela Sociedad Anónima) will assign to third parties the development of said areas under a scenario very similar to the one dismantled by the late Chávez because he assured that he left the nation miserable. These companies have no experience in the matter and should seek technical support and financing a complicated issue with the US financial sanctions in addition to the failure to pay.

These companies will benefit from increases in oil production in agreements signed for six years. PDVSA will pay an amount associated to the base production plus the incremental production. In addition, PDVSA will receive another amount quarterly to cover the initial investment, this quota will be from 30 to 35% of the disposable income and based on the international oil price.

Through these agreements, PDVSA will deliver two fields operated in the past by the Italian company ENI and the French company TOTAL.

[Source] (https://www.laprensa.com.ni/2018/02/03/internacionales/2371302-exdirectivos-de-pdvsa-movieron-millones-de-dolares-andorra)

After reading this, we can say that

  • The revolutionary and socialist government is realizing that its model failed?
  • Is it a trap for foreign companies to come to Venezuela to invest and then expropriate them as always?
  • Are these companies third-party government high command created with all the money that was stolen in these almost 20 years?

Many questions, few answers.

All the profits generated in my publications and the private consultancies are destined to pay for my specializations that I am doing as Bartender and a specialization in Barismo that begins at the end of next September. Currently, both have a cost of ** $ 85 **, but I do not have the necessary resources to afford them. If you want to help I leave my Byteball wallet and my DASH wallet in addition to any donation here at Steemit will be well received.

Wallet Byteball:

PVCNQV6NDRZLHI5HXESHBNQH6AL26EV6

DASH Wallet:

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Wallet Bitcoin

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Wallet Monero

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