El Caribe ? Subsidio el?ctrico consume 3,200 d?lares por minuto
the subsidies for power cost the government whooping 3200 dollars per minutes.
the subsidies for power cost the government whooping 3200 dollars per minutes.
- Thread starter dv8
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this is how much the votes cost
the great thing about the DR is that it has the most powerful PR apparatus of all developing countries. it has spokespersons who willfully distort the truth in order to keep the masses believing that it is going along swimmingly. so, even though the conditions are dire, people walk around believing it is a superpower, the most modern , advanced and prosperous nation in the hemisphere, and that all systems are go. i mean, look at types like PICHARDO; the DR is the only country in the world that is on the Gold Standard.
Obama prints money? you better check that again. last time i checked, it was the Federal Reserve Bank, which is an independent organization.
by the way, Chip, expanding the money supply does not "create " income. it enhances liquidity. two different things.
i thought you said you studied economics in university? did you enroll for the classes, then play hooky?
I truly feel sorry for everyone living there when it happens. But there is a consolation, it's not
just the DR but other countries as well.
(It will be like the domino effect) It's just a matter of time.
When the global economy collapses, third world countries will be the first ones to feel the blow
as their resources are diminished. Second and first world countries will be able to hang on a bit
longer.
I truly feel sorry for everyone living there when it happens. But there is a consolation, it's not
just the DR but other countries as well.
people are worse off today than 10 years ago, without a doubt. wages have not gone up for the laboring class, but prices of everyday staples has certainly gone up. i remember when chicken was 38 pesos per pound. today 39 pesos will not get you feathers. the reason why people mistakenly think that they are better off is because they buy the articles of conspicuous consumption, such as smartphones, and it creates a false sense of affluence. since abuela did not have a Galaxy 5, they must be better off.
What really hurt the DR consumer was when the peso hit 60 to 1. Prices were raised to adjust but when the peso strengthened, prices remained high. That is the legacy of Hipolito that all Dominicans live with.
yes, but being poor in the DR, and poor in places like NYC, are two different things. people in third world countries have adapted to living in quasi depression conditions. things get hard, they just cuss and complain about the maldito gobierno, but they find a way to last. if you are flat broke in the USA, you are dead meat. heck, if Facebook was to go on the fritz for 2 days there would be mass suicide in America.
that is absolutely correct. businessmen claimed that when existing stocks were sold off, they could lower prices. NOT!
I am not sure you are aware of it, but EVERYONE's electricity usage is subsidized by the government (with the exception of isolated generation systems like Luz & Fuerza, CEPM, etc.). But everyone using EdeEste, EdeNorte and EdeSur, has its usage subsidized by the DR government. If it were not for subsidies, we all would be paying much, much more
Tarifa Vigente | EDEESTE
see the "calculated tariff" (that is how much it really costs) and see the "applied tariff" (taht is how much you are charged).
E.g. first 200 kWh, we all should be paying 9.96 pesos per kWh ... but we all pay just 4.44 pesos per kWh.
And so on, and so on ...
Tarifa Vigente | EDEESTE
see the "calculated tariff" (that is how much it really costs) and see the "applied tariff" (taht is how much you are charged).
E.g. first 200 kWh, we all should be paying 9.96 pesos per kWh ... but we all pay just 4.44 pesos per kWh.
And so on, and so on ...
Thanks for pointing out that printing money doesn't "create" income, you are a sharp one buddy.
But as prices soar, everyday essentials such as food, so will crime as people will be
desperate when unemployment hits an all time high. The only way they will last is by stealing.:ermm: