Skip to comments.Venezuela's Maduro to decree car price regulations
Posted on 12/01/2013 6:05:34 PM PST by Oldeconomybuyer
Venezuela President Nicolas Maduro is to decree new regulations on car prices, as part of the special powers conferred on him to combat so-called "economic war" and corruption.
Inflation is running at 54 percent a year, shortages of basic goods are widespread despite the country's oil wealth and a hard currency crunch wreaking havoc on the import-dependent domestic economy.
Maduro has said he needs the strengthened hand to counter inflation and shortages, which his government blames on "parasitic" conservative business interests.
But critics have blamed the government's strict currency controls for exacerbating Venezuela's price distortion and fueling a black market for dollars.
(Excerpt) Read more at france24.com ...
nobody will be able to get a car
Oh wait, not many people can get access to a car in VZ right now. Sure the politically connected and the friends of those in the state can get a car without all the long waiting periods but no one else.
Maduro needs an up close and personal lesson on the pitfalls of the “redistribution” of wealth.
” inflation and shortages, which his government blames on “parasitic” conservative business interests. “
Only government is truly to blame here.
Government and Bush.
Maduro trying to out Commie Hugo Chavez
You can still get a tank of gas for 50 cents though.
This guy is Obama’s role-model.
Has Venezuela run out of OPM yet?
It is always the fault of hte “greedy” capitalists who insist on making a profit from their labors and never the failed policies of socialism.
until the oil well equipment they nationalized breaks down and they cannot fix it, it’ll still bring in some $$
Still looks like there is some left. They still have some more industries to nationalize. The only thing left after that is to invade a foreign country like Columbia.
I wonder what would happen if someone dropped leaflets reminding them of the pre-Chavez days compared to now. Things like electricity that stayed on, food in the stores, toilet paper, etc... I’ll bet Maduro would claim it was never that way.
If collectivists were doctors, they would say that the cure to an infection is more bacteria.
I’ll take the Porsche Carerra for $500...
Affordable Car Act
I believe the democrats want to run the US in exactly the same way they are running Venezuela. Technically it is still a democracy, but it is a pure democracy, where 51% loots the 49%. They can stay in power forever that way, as long as the 51% stays greedy.
So,he’s now assuring that cars are added to the list of shortages.
you gotta wonder why they don’t build these things with a remote kill switch that scrubs the computers so that they have to be physically replaced to get the rigs working again, in a certain sequence, or it fries the new ones too.
They’ll have to import 57’Chevys from Castro!!!!!!!!!!!!!!!
That would be such sweet cruelty.
i would think it’s basic asset protection. render it useless unless you get it back. and if they try to fix it by bypassing stuff, critical hardware and structure goes boom forever.
Venezuela, Russia ink deal to boost oil production
Spain’s REPSOL earmarks $4B to boost Venezuela oil production
Venezuela’s role as oil power diminishes
“Venezuelas annual oil production has declined since Mr. Chávez took office in 1999 by roughly a quarter, and oil exports have dropped by nearly a half, a major economic threat to a country that depends on oil for 95 percent of its exports and 45 percent of its federal budget revenues. “
Venezuela sees (predicts) steady oil output in 2014
Nervous oil traders fixated on Venezuela risk
Ghost of Chavez can’t stop hyperinflation
waste of money?
Venezuela to pay China to do a mining survey of the whole country
The Chinese Fund, SUVINCA and cheap imported cars
(See if you can figure out the con game in the above link)
Pathetic Show with Hugo giving away cars on national TV
How many cars can you build on $300,000 a month?
Why would they need cars in Venezuela?
Not too many have jobs to go to, and even those with jobs can’t afford them, even if government forced the cars into “affordable” levels. To make the cars affordable, government would have to purchase them, and then subsidize them towards “affordability”, which would mean, almost “free” to individuals.
What Venezuela needs to do, is to turn the whole country into an Amish community, and then to get everybody on horse and buggy. Thus, the people wouldn’t need oil or gas, and all of it would be available for export. Going back to the 1800s is an option, and one which socialism would eventually lead to anyway.
Marduro was giving away free gas the other day, talk about blatant vote buying. Also the government is making a concerted effort to import a lot more food staples that are always in shortage mode, just for the election of course.
The government does purchase them and import them and you can bet the peasants are always last in line to be able to buy one. These imported vehicles are never enough to meet demand and are sold to those “in the know” at insanely low prices.
check out the crazy way this all works in the second link at post 23
Venezuela now has a commercial rent control law that makes the NYC rent control laws look rational. Soon no one will be able to lease/rent a small shop in that country.
Maduro will kill the country. Communists always do.
Collectivism is like a muscle cramp. Painful but temporary.
Collectivism is like a muscle cramp. Painful but temporary.
Venezuelan President Nicolás Maduro said on Friday rents will be regulated in the country. Through presidential decree to be published in Official Gazette, a temporary regime to protect tenants in business premises will be established and enforced until an equitable regime is created through the enabling law.
"Upon publication of the decree, rents related to businesses located in any sort of premises shall not exceed 250 bolivars (USD 39.6) per square meter," said the president.
Maduro pointed out that any rent above such amount would be regulated pursuant to the decree; yet if the rent is below said figure, then it is to be paid pursuant to the agreement entered into between the parties.
GERONL NOTE: 250 bolivars is not worth any where near that in real money except at the stupid "official" rate. This law is another attempt to avoid reality of living in a third world bnana republic where the currency is worthless and the "official exchange rate" is hogwash.
A lot of property owners are going to stop renting out their properties and simply open their own small shop or do something else. Who knows. It is going to be another blow to the economy there.
Venezuela is the Pope`s fav country.
Conservative businesses want to do business at a profit while paying their employees fair wages that stimulate and grow the economy and a growing economy ensures growing profits foe a business. Only a government is purely parasitic.
While supplies last! They've chased out many corporations via the state taking over of corporate assets due to alleged..."corruption".
Whoah! Prices must have skyrocketed up since spring.
Almost-Free Gas Comes at a High Cost
April 12, 2013
Premium gasoline in Venezuela costs 5.8 U.S. cents a gallon, using the official exchange rate. At an informal currency exchange rate that prevails for most transactions, it is even cheaper: 1.5 cents a gallon.