The Week in Bullets

  • Chuito Superstar

A long time ago, way before we hit the 100s mark, on Wednesday, Chuo Torrealba accepted the chair as MUD’s secretary. It is clear that Chuo’s role will be different to that of RGA. As effective as MUD’s strategies were in the past (’cause they were, remember?), current developments in Venezuela call for a little dynamism, some asymmetric warfare if you may. We can expect to see Chuo’s face more than we did RGA’s, but the truth is he was appointed for a completely different position. If you wish to sink into the discussion of what the role of the MUD’s secretary should be (and whether Chuo’s got the stuff) and into the excruciating task of defining what the hell MUD actually is, click here, read the article, and plunge into the comments section.

  • I fought the law, and the law won

CIADI just ruled in favor of Gold Reserve and now Venezuela must pay US$ 740 million for terminating the Las Brisas mining concession. Liabilities around Chávez’s happy trigger round of nationalizations circle the gagillions, a little over US$ 50 billion.

Calixto

  • Obama and Leo

Barry called for Leopoldo’s liberation and included him in a list of prominent political prisoners. That’s nice. Or not nice, but great work on the part of Leo’s team in the US. Kudos.

  • Insulza and Leo

More surprising than Obama’s mention, was Insulza’s statement on an interview for El País saying that the Venezuelan opposition couldn’t be expected to sit down and negotiate with the government while some of their leaders were jailed. Ramírez, in his new role as head of Venezuelan diplomacy, said that Insulza’s comments were “unhappy.” Which is a feeling the former Venezuelan oil czar must be getting used to. [Word on the street is that there’s a rojorojito plan to throw him under the bus. El chivo más gordo no siempre es el que más mea.]

  • Henrique and Leo

This week Capriles gave an interview to El País as well, which in no way must be seen as a comeback to the extensive piece written by Boris Muñoz on Leopoldo López, except that they seem to have a disagreement on the role played by De Klerk in South African history.

  • Godfinger and Leo

Of course, the main protagonist of Lopez’s interview had to say his piece. Yes, main protagonist. I haven’t spoken with one person who didn’t say the meatiest part of the interview was the exchange between Diosdado and Leopoldo. But the President of the National Assembly said during his Late Night show (you just can’t make this shit up) that Leopoldo was lying. That his (Diosdado’s) intervention was not to negotiate Leopoldo’s self-exile, but that it was to save the opposition leader’s life. Which in fact he did. So he says.

  • No more Pine-Sol

Jorge Arreaza broke into the Clorox plant and took it for the people! To those joining the party, Clorox just decided to close shop and leave Venezuela. Then, a group of workers lead by the Vicepresident of the country, took over the plant to suck on the bones of a dead chicken.

  • 100

The (not so) black market Dollar? Bs. 100 (ding, ding, ding)

Bullying

Bullying

Yeah, this is the vortex that sucks in the attention of the crowd and renders all other news orphaned. Many throw the blame of the rocketing ascent of the Dólar paralelo on the government’s reluctance to legalize the black market. But, is the black market ilegal at all? In the last revision of the Exchange Crimes Law they lifted all penalties from dealing in the black market. Zip, there are none. The law now mainly regulates the mechanisms to obtain foreign currency at a more favorable government imposed exchange rate (oh, those sweet third world financial incentives). That’s it. Also, if you take a look at the recent busts by the foreign exchange authorities and CICPC’s financial crimes unit you’d see that they are mainly investigating the improper use of foreign currency received through the regular channels. Not many talk about it, but it’s like the black market Dollar has a license to kill, like James -Friggin’- Bond.

So, can we say the dólar paralelo is legal? No, ’cause these guys are crazy and they could send some thugs to beat me up, but in any other country I’d definitely say so. There wouldn’t even be a discussion about it. Would lifting the remaining controls and the expectancy of obtaining foreign currency at a cheaper rate (6.3, 12, 52) solve the problem at all? Probably not. Individual measures are just not enough to free us from the massive economic crisis we’re stuck in. But a little sincerity never hurts.

At least you can fill up your gas tank —FOR A YEAR— with one buck, eh?

Oh, and btw, check out Juan’s piece and Quico’s rant on what’s going on with BCV, PDVSA, and Fonden.

  • JanaTV

Some good news for a change. Our resident superstar economist, Anabella Abadi, has her own online TV show on ViVoPlay.net: Entorno Económico. (Subscribe, first 30 days are free)

  • Skyfall

And where’s the oil barrel?

US$ 86.65

25 thoughts on “The Week in Bullets

    • There is no pool cloro to be had & what there is is super expensive.

      For 4 Kg that I paid Bs.800 for in August cost me Bs.2.200 last week & I was told there would be no more.

      The government is apparently controlling the distribution of all cloro

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  1. I love reading the weekend bullets! Well done. Good stuff.

    About this: “Ramírez, in his new role as head of Venezuelan diplomacy, said that Insulza’s comments were “unhappy.” Which is a feeling the former Venezuelan oil czar must be getting used to. [Word on the street is that there’s a rojorojito plan to throw him under the bus. El chivo más gordo no siempre es el que más mea.]”

    Go to his twitter account, I have, and you’ll notice very, very few photo’s of he and dog face Maduro together. One quickly gets the impression that he has no respect for the illiterate head-of-state. The likely friction between the two should be a major topic of discussion. Interesting stuff.

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    • The corpse was killed by castro’s orders, precisely to avoid having him sinking in the economic gutter the 2012 elections created, or the hecatomb that came later in 2013.

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      • Sir, you startlingly remind me of certain chavista conspiracy theorists who claim that the CIA poisoned Chavez with cancer…

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        • I choose to believe that the murder was committed by capitalist Martians, as an act of revenge for chabe having blamed them for ending life in their native planet

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        • You know that castro’s got a antecedent of killing off his own allies in the most Starscream-style of backstabbing, one famous example the che, who was sent by castro to his death at the hands of Bolivian armed forces, who caught and swifty executed him while he was whining for mercy.
          The same goes for one leader of his so called revolution, I can’t remember the exact name right now, who was sent by castro to the fussilade wall after being framed with drug trafficking.

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  2. O includes Lopez in his political prisoners list? Great news! Like anybody listens to what that hypocrite muslim Obummer has to say these days…

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  3. More surprising than Obama’s mention, was Insulza’s statement on an interview for El País saying that the Venezuelan opposition couldn’t be expected to sit down and negotiate with the government while some of their leaders were jailed.

    That is indeed a surprise, a break in the standard “no enemies on the left” response from South American leftists to the misdeeds of Chavismo.

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  4. And why is the oil price falling, when wars are raging on in Syria and Iraq, and Russia threatening to use its natural resources as political weapons against EU?

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  5. I keep saying that when people are hungry enough, they will give everything they have for their next meal. That would include their lives. Does the regime realize that they are playing with something extremely dangerous that can explode like a nuclear bomb? With this regime’s demonstrated competencies, things can easily get beyond their control! Their army, militia, and thugs will find that bullets can’t get things under control.

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  6. With regard to the Black Market being legal all the major news media had headlines about the BM reaching Bs.100 so I assume there is no longer any restrictions.

    Why is DolarToday still being blocked?

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