The Devil's Excrement





  The Devil's Excrement
Observations focused on the problems of an underdeveloped country, Venezuela, with some serendipity about the world (orchids, techs, science, investments, politics) at large. A famous Venezuelan, Juan Pablo Perez Alfonzo, referred to oil as the devil's excrement. For countries, easy wealth appears indeed to be the sure path to failure. Venezuela might be a clear example of that.
Last updated:
4/2/2007; 9:49:24 PM

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Sunday, July 09, 2006



---The Minister of Justice called one day for the disarming of the population in order to reduce the rampant wave of homicides which have almost tripled in the almost eight years of the revolution. The next day, at a meeting with civilian groups, where only the Heil Chavez! Were missing, Chavez called for giving the youth group 15,000 Kalastchnikov rifles. Thus, it seems that they will get an upgrade. BTW, these pseudo fascist meetings led by the tropical fuehrer himself received little coverage by the press, but the spirit of Hitler, Franco, Peron and Fidel was very much alive.


---The Venezuelan Supreme Court rejected the consideration of the human rights case of those assassinated on April 11 2002. against Government officials. The argument? Individuals have no legal rights to defend themselves in front of the Court system when it comes to “the sphere of collective or diffuse rights of a society” such as human rights. Only the people’s ombudsman can assume that role for them. Case closed. The Government controls the Ombudsman, thus, there are no human rights directly but only “diffusively”. What a racket!

---The Prosecutors office will investigate the origin of the wealth and properties of former Justice Velasquez Alvaray. Amazing, for two years people had accused him of accumulating wealth but nothing was done, now that he is in disgrace, the investigation is opened without anyone even asking for it. Watch out those that have accumulated similar wealth in the last seven plus years! You may be next if you fall from grace.

---I will talk about the “binational” bond later, but you have to hand it to Minister of Finance Merentes who once again defended the purchase of Argentinean bonds by Venezuela claiming the country has made a profit by selling them of US$ 200 million. This profit only exists in the fertile mind of the Minister. Venezuela buys the bonds let’s say at 77%, sells them to local banks in bolivars at 81%, but at the official rate of exchange, these banks turn around sell them in New York for 77% in US dollars and bring the money back at the parallel rate. These are the guys making the money; the rest is just smoke and mirrors.

---And how about the candidates from the opposition! One, Teodoro Petkoff blames Sumate for assuming what nobody wants to assume and giving a deadline because they just have not agreed on anything since they started talking about primaries in mid-April. Another, Manuel Rosales, registers for a primary, but he has yet to announce he is a candidate. Weird politicians we have been blessed with in Venezuela. Somehow I get the feeling that I have many decades left in the opposition, even if we can get rid of Chavez.

---And how about Alek Boyd getting word straight out of UNESCO that it ahs never certified or declared officially Venezuela as an illiteracy-free territory! So, we have a couple of Education Ministers and Vice-Ministers who are simply liars, a President who was either told a lie or collaborated with it, but the interesting question is whether they will remove the banner with the claim that is outside the Education Ministry. (Or was last time I looked!)

---And how about the Electoral Board proposing that all Government workers can openly campaign for Chavez and Chavez can openly use all of the resources of the state to campaign! I love how they can just ignore the law olympically!

---O yeah, I almost forgot a Government audit recognized the irregularities in the handling of the cooperative Invepal, something I have covered regularly here. The money is missing, as simple as that.

---Has anyone told Chavez that Mercosur is more neoliberal than the Andean Community? What will he do when the flood of Brazilian products come in?

---And how about the Central Bank reporting it is the Government that generates the largest amount of capital flight?

---And we have a new Minister of Housing; the last one did as badly as the previous ones in the last eight years and worse than all the Housing Ministers between 1990 and 1998.

---IB tells me that if you look at PDVSA's website under business plan in English it says the company now is inyto "refinement". I guess thye will turn out some fine people with that program. About time. Sloppy is, sloppy does...

---Italy won the World futbol Cup by penalties, somehow a very unfitting ending to the whole thing. Time to change the rules!


9:54:09 PM    comment []



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