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José María Moreno Santiago

Ermita de San Blas

Gerardo A. Sanchez

How to Ruin a Country's Economy

Merida, Venezuela

September 20th, around 2:00 pm local time

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© 2014 Gerardo A. Sanchez, All Rights Reserved.

Caption

How to ruin a country's economy

What I'm reading? In my hands a magazine about the "Spare parts market: the naked truth what is going on", my wife's car and my car has near to one month stop because we can't find a part to fix it. It happen in many items here, the worst: medicines. Is almost impossible to find analgesic or antipyretic or any kind of common medicines nothing to say about oncology or any kind of expensive needs.

Over my computer screens many articles that can help to let you understand how the venezuela economy is a ruin.

On my desk our largest banknote (one hundred Bolivares). Venezuela has hit a new, dubious milestone in its slow-motion economic decline: our largest banknote, the 100-bolívar bill, is worth just one U.S. dollar, at least on the country's black market. With one of those you barely can buy a bunch of eggs

Venezuela's annual inflation rate has risen to 63.4%, the highest in Latin America, and maybe in the world. The poor state of the economy, among other issues, triggered mass anti-government protests earlier this year. (Graph with the inflation progression here)

The central bank did not publish its scarcity index, a measure of goods that are missing from store shelves, but shortages of basic items such as flour, milk and toilet paper continue to be the bane of many shoppers.

Many international economists argue that massive government spending and exchange rate controls are to blame. Price controls have also ensured that many products are much cheaper in Venezuela than in neighbouring Colombia, making the smuggling of goods a profitable business.

Our passports always ready... should we leave the country? maybe no... but if we wished .. is almost impossible to find a flight to scape...

Location

Latin America / Venezuela

Lat: 8° 35' 6.81" N
Long: 71° 9' 32.2" W

Elevation: 1800 asl

→ maps.google.com [EXT]

Precision is: Unknown / Undeclared.

OpenStreetMap: © OpenStreetMap contributors

Equipment

Nikon D7000, Sigma 8mm. Software: PanoTools, PTGui, Adobe Photoshop CS5, Pano2VR
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