An inability of a country to access the reserve
currency of the world just points to how weak it
truly is. Brexit as a rumor allegedly caused dollars
to be scarce in the DR. The DR has problems that
do not stem from that event. The DR has systemic
problems which they ameliorate with the constant flow
of loans amongst other things. As I have stated
numerous times the DR has been in a precarious
economic environment for decades.
A good analogy is the current water supply. Compare
the current water levels and quality to what it was 50
years ago. Rivers were full streaming throughout the
nation. Fishes were abundant and the quality was
excellent. You had an ample supply of it everywhere.
How is it today? A cursory view will confirm the wide
spread erosion of rivers throughout the nation. They are
dry, barren and void of life. The water quality is abysmal.
Do you know of anyone who drinks Dominican tap water??
This points to an extremely salient issue. An increase in
the population is never an indicator of economic
prosperity if the underlying resource base meant to
sustain that population is eroded. The water supply and
its quality have declined proportionally to the increase in
population. The same can be said of economic
improvement. The underlying financial structure that has
created these gains has been eviscerated.
In like form the increase in GDP, in infrastructure in the
quality of life has come at the expense of the currency,
the soundness of the financial system locally and globally.
The DR alongside every nation on Earth has created another
massive bubble many times larger than what ignited the
financial panic of 2007 to 2009. It is merely a matter of time
before another crisis erupts.
Yet the facts and continued economic indicators point elsewhere from your views...
So now it will be a new bubble that will do the DR this time around?
Keep the in mind the promises of Doomsday has been going for a while now here, just check the first OP date!
Hunger, poverty, lack of foreign currency, lack of basics, etc...
Many here still lost on the facts.
We have lived like that for the better part since the birth of the Republic.
Dominicans eat local products as a majority. Self sufficient in many aspects.
Lights out for a week? Been there, no economy kaput.
Water out for a week? Been there.
Etc... Been there!
The dynamics of the DR economy are what's driven it to where I stands today: Fastest growing in the region.
What was once a monolitic economy, has now become a diversified and quickly adjusting one.
The DR has done what other nations have failed to do:
Address illegal immigration from an economic standpoint first and as a national security second.
We inserted tens of thousands into our national database. Created a nobody left out system of validation.
Rolled out a fool-proof national ID that will be the kingpin of all the other unmanned systems.
Each time we augment that database by incorporating new systems linked together. Obtain more data and self identifying metrics from the entire population.
Remember the frog in the pot that can be boiled alive if gradually done?
These systems have been introduced one by one to the Dominican people. As a stand alone each system doesn't look like much.
Tied together?
We will remove the human element where fraud and manipulation is doable.
Crime? Like I told you, it will be addressed from A to Z.
No paper/coin currency? No 95% of common crimes.
When you see the size of the informal economy presented on a e-pesos system, you'll be amazed how big it was.
Tax evasion that were once lost revenues, will plug all deficits and leave more cash to spend.
The electrical problem will see an unorthodox solution:
The legislation to create incorporated sectors in all the major cities facing stiff electrical theft of service.
Each community will handle their supplier contracts and collect from the homeowners direct. Service will be pre-paid for x amounts of an average rated consumption from past billings. Same amounts each time with a quarterly adjustment for over usage at a pre negotiated rate.
(This will also include the street lights within each community)
All that is coming...
The poor communities will get pre-paid meters that unlike now, will consist of a tamper and damage proof box that will not have any readings or windows.
The data on the meter will be available to clients from their cell phones at any time
of the day or by following prompts via a phone call to an automated system.
No more broken meters by angry mobs.
Meanwhile the economy continues to get stronger...
