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; 9:58:26 PM

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Sunday, November 19, 2006



I wrote yesterday about Alberto Barreda, who won the Herralde prize for his novel “La Enfermedad” it is only fitting that I translate his short piece in his Sunday column entitled “Barter”, based on Chavez’ latest harebrained idea about barter and currencies.

Barter by Alberto Barrera Tyszka in El Nacional

Comrade:

The reason for the present email is to reaffirm the radical, revolutionary and Bolivarian character of the last project that lucidly has been offered to us by our unbeatable commander in chief. We believe that barter is the most novel instrument to build XXIst. Century Socialism, That is why we are calling on you to add your backing to this popular initiative to propose to the President the creation of Mision Trueque (Mision Barter).

Our idea, it is to be said, is that barter become a participatory, popular, ideological and endogenous practice. For example, I want to exchange my piece of junk from ’75 for the BMW of fatso Ameliach (Chavez’ former campaign manager). Without complications of dirty money mediating it. Presto! Just like that. Comrade Efren also wants to barter. He has a little house up there beyond San Blas. He wants to barter it evenly with the Foreign Minister... He does not mind the size or the location. Any piece of shit with a kitchen and a bathroom that Maduro owns will be a gain for him. My mate Lisbeth will barter her clothes for any of the rags that comrade Cilia Flores bought in New York…We have brothers in the movement so enthusiastic that they are thinking that certain wider criteria can be included in the operations. What do you think about bartering husbands and wives, which have been using each other for a while?

Comrades: This is our opportunity. The true revolution begins here. Giving and giving it back. If you want to back us and manage the consolidation of our mission, add your signature below and, in exchange, we will give you a new national ID number.

Barter or Death. We shall win

9:04:24 PM    comment []


http://blogs.salon.com/0001330/myImages/2006/11/19/a-Reservas.jpg.
A picture is worth 10,000 words: The graph above shows the growth of the monetary liquidity (M2) in pink during 2006 (up 48%) and compares it with international reserves. (up 14.8%). This is good old fashioned irresponsible money printing at its best, unless oil shoots up, this means a devaluation is coming and could be bad.

1:17:13 PM    comment []



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Last update: 4/2/2007; 9:58:26 PM.
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