Meanwhile, back at the burning ranch
Thus we are reeling from another election that the regime "won" using any public money it could scarp to gain advantage. But in this era of low oil prices, and low production, reality is catching up fast. No honeymoon break.
First this news that PDVSA will not be able to use a termina oil, the one in the island of St. Eustatius. Why? They owe 26 million dollars. When a major oil company cannot pay 26 million dollars of docking fees you know that something is deeply wrong.
Of course, the election has boosted confidence in investors. Not! There is the quote today:
Note that the DICOM for travel has risen to 11,000, 3 times the "implicit" dollar which the ration between "declared" reserves and money liquidity. That is the printed money. So the regime is recognizing that it is a liar about either the reserves or the liquidity, or both since in theory the regime managed DICOM should be around the implicit dollar. Then again the regime has all but stopped DICOM...
The one a Friday ago was 29,173, but who cares if the drop in one week was around 30% of its value. No?
So there you are, the real victors of the regime elections: economic collapse and misery. But the regime could not possibly care less, let them it cake and cure themselves with wild herbs infusions. If they can find cooking gas....
First this news that PDVSA will not be able to use a termina oil, the one in the island of St. Eustatius. Why? They owe 26 million dollars. When a major oil company cannot pay 26 million dollars of docking fees you know that something is deeply wrong.
Of course, the election has boosted confidence in investors. Not! There is the quote today:
Note that the DICOM for travel has risen to 11,000, 3 times the "implicit" dollar which the ration between "declared" reserves and money liquidity. That is the printed money. So the regime is recognizing that it is a liar about either the reserves or the liquidity, or both since in theory the regime managed DICOM should be around the implicit dollar. Then again the regime has all but stopped DICOM...
The one a Friday ago was 29,173, but who cares if the drop in one week was around 30% of its value. No?
So there you are, the real victors of the regime elections: economic collapse and misery. But the regime could not possibly care less, let them it cake and cure themselves with wild herbs infusions. If they can find cooking gas....
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