Results 921 to 930 of 4777
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August 24th, 2018 12:17 PM #921
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August 24th, 2018 12:26 PM #922
This is just sad. Sana di magtuloy tuloy ang PH.
https://ichef.bbci.co.uk/news/410/cp...bbdcc1d69a.jpg
How Venezuela's crisis developed and drove out millions of people - BBC News
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August 24th, 2018 01:06 PM #923
Again, rising food prices are know to topple governments
governments will try to prevent it at all cost
all populist leaders react the same to rising prices
subsidies and price controls -- to pacify the masses
but subsidies increase govt debt
govt increases borrowing
govt raises taxes
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price controls lead to shortages
so who does the govt go after?
businesses
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why do you need to follow markets?
you look for signs
for what?
to know when to get your capital out of the country before the govt imposes capital controls
get it?
capital controls?
as things deteriorate, the local currency's value will keep falling
tendency is people will convert local currency to dollars to preserve value
strong demand for dollars = dollar scarcity
as dollar reserves fall to dangerous levels the govt will limit the amount of dollars you can withdrawLast edited by uls; August 24th, 2018 at 01:09 PM.
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August 24th, 2018 01:12 PM #924
^ TL;DR
We are royally f*cked by our government.
Samahan pa natin ng mga uneducated people na nagsasabi high inlfation is better kasi mas mataas yung absolute value. LOL
I am beginning to think dapat mga educated lang pwede bumoto sa next election eh.
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August 24th, 2018 01:14 PM #925
From the envy of South America...
As electricity fails, desperate Venezuelans buy spoiled meat | Fox News
MARACAIBO, Venezuela – In a city once called the Saudi Arabia of Venezuela for its vast oil wealth, residents of Maracaibo now line up to buy spoiled meat as refrigerators fail amid nine months of rolling power outages that recently got worse.
Some people fall ill eating the rotten beef, but at bargain prices, it's the only way they can afford protein as the country's crisis hits bottom.
Today, the bridge's lights no longer shine and broken down oil platforms span the lake with downwind shores soaked in oil. The once-posh shopping centers have fallen into ruin and the international businesses have packed up and left.
For the last nine months Maracaibo's residents have endured rolling blackouts. Things turned dire Aug. 10 when a fire destroyed a main powerline supplying the city of 1.5 million people.
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August 24th, 2018 01:16 PM #926
Namomonitor ba kung gaano karami ang nagpapapalit ng dollar ngayon?
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August 24th, 2018 01:19 PM #927
as inflation rises / local currency weakens, the central bank will:
1. sell dollars to defend the currency (but this will deplete dollar reserves)
2. raise interest rates (but this raises borrowing cost which slows down the economy)
if the central bank doesn't do anything, inflation goes higher, the local currency keeps falling
damn if you do damn if you don't
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just look at the exchange rate
look at govt data on inflation, balance of payments etc
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August 24th, 2018 01:25 PM #928
If the gov't is serious in figjting inflation. Hulihin nila mga smugglers at rice hoarders. Sila naman talaga dahilan bakit ganyan na lang presyo ng bigas. Wala kita gobyerno sa diskarte nila eh. Tapos price manipulation pa nangyayari. Inutil lang talaga gov't na ito kasi dami nila mga kaibigang smugglers. Number 1 na anak niya.
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August 24th, 2018 01:28 PM #929
Tax ranking system would be great If you pay more tax, then your vote counts as 10 or more.
If you dont pay tax, then it only counts as .10.
Pretty sure, this will also solve the tax evaders issue since they want control over the policies.
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August 24th, 2018 01:29 PM #930
heard that rice is smuggled from malaysia to the southern provinces kaya nasanay mga tao sa cheap rice
no farmer and legit rice trader can compete with smuggled rice coz it's so cheap
so there's no legit rice there
then bigla nawala ang smuggled rice
kaya nagka rice shortage
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