The US dollar has finally reached in the parallel/black market the 300 mile post {official rate is still the unbelievable 6.3 but nobody but the corrupt military can have access to it, of course}. Since I am out of the country in a place of bounty and mental partial recovery (because worrying sick that nothing happens to the S.O., to work, to relatives and to what not in no particular order as peace cannot be found even away) I have no time to go into the minutiae. I will just remind you that on February 25 I was writing about the bicentennial bolivar so on your own you can assess by yourself the effectiveness of Maduro's economic policies through March and April to restore trust and confidence in the economy of Venezuela.
But was amazes me further, even this far away, is the stupidity of the regime in admitting almost unwillingly that their policies have failed truly miserably. That is they have announced this week that the official dollarization of the economy has started. Since the regime is bankrupt and since they cannot even buy cars for their public administration routine, well, they decided to allow Ford motor corporation to start operating again selling cars in US dollars INSIDE Venezuela. How people are going to get highly expensive dollars to buy them I cannot figure out nor I am in a mind set to figure out from afar. And it ain't the point. The point is that the regime has started allowing for the sale of big ticket items in currency of the most reviled empire, the one for which a month ago they were still trying to collect gazillions of fraudulent signatures to bring to Panama to shame Obama.
The point is that the regime is accepting that they have reached the end of the road.
And the unraveling may be faster than expected. Already the Ford Trade Union wants to get paid in USD... Note that trade unions in Venezuela are particularly corrupt, but again, I digress...
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