Brief analysis of the situation in Venezuela
For those who do not know, I am Venezuelan and the country is currently suffering a crisis for around 20 years that has made it very difficult for us to overcome. The situation constantly becomes more and more tragic.
And while I don't really like politics and I'm not an economics specialist either, I want to leave my appreciation of the latest developments below.
If the IMF(International monetary fund) did not give Maduro the credit, people ask how he is going to pay salaries, rent and condos, etc. for 6 months (from March to August 2020)?
- [ ] It is simple: he is talking that he will do it in BsS, so the BCV will again issue huge amounts of cash, giving way to more inflation, and a worse devaluation.
So before this surely the best thing to protect yourself is to acquire currency because what comes in these next 6 months will surely be looting, hatred, death and destruction.
Quite worrying.
Needless to say, tenants are going to start dispensing with their tenants' lease and are not going to wait for the government to pay them.
On the other hand, companies can take several paths:
They do not accept to pay wages because they do not produce and are expropriated by the government.
They agree to pay wages as far as they can and then declare bankruptcy and end up expropriated.
They pay their salaries and end up bankrupt, leading them to bankruptcy because they have no production.
As you can see the panorama in any scenario is disastrous.
So I have some questions for you:
What do you think about this?
In what way can you help Venezuela or Venezuelans?
Share with us your opinion and ...
May Goku be with us. 😱
¡See you on my next post!
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