Bad/bad situation
Even if Leonel wins we will still have a congress controlled by the PRD, so it will not be a walk in the park for a PLD government.
One thing that I have not seen anyone mention in these forums is the importance and role of one person that maybe has had the most impact (negative) on the economy these past 4 years, that person being Andres (Andy) Daujare.
Andy has been consultant to the last three governments and is the "brains" behind the neo-liberal movement in the DR since the early 90's.
He was the one that convinced this government to emit the bonds, he was the middle-man on wallstreet actually done a few days after 9/11. He was the one that recommended most of if not all of the tax reforms and was the one that actually wrote that now famous speech the Central Bank gave denouncing the "Baninter fraud".
In one way or another he has been behind all these events. Just recently he was quoted as saying that if "the PLD wins he does not know what will happen to the economy".
These words show his obvoius slant towards the PPH movement, he is now totally partisan in his ramblings and makes a reference to doom and gloom if the PLD wins the elections.
We my friends may fall victim to this mans creation he so dearly defends much like a landmine laid by the people that came before you.
The fact the Central Bank may never be able to honor certificates may cause a landslide effect when certificates are cashed out, if/when they are it will be done by emiting inorganic currency to cover this debt thus pushing the exchange rate into the stratosphear. I just wonder how much of those certificates are in the hands of the PPH and if they will be the ones to start to cash them during the transition period.
We must get these people out of the government but keep our expectations down since it will be a rough road to recovery.
Even if Leonel wins we will still have a congress controlled by the PRD, so it will not be a walk in the park for a PLD government.
One thing that I have not seen anyone mention in these forums is the importance and role of one person that maybe has had the most impact (negative) on the economy these past 4 years, that person being Andres (Andy) Daujare.
Andy has been consultant to the last three governments and is the "brains" behind the neo-liberal movement in the DR since the early 90's.
He was the one that convinced this government to emit the bonds, he was the middle-man on wallstreet actually done a few days after 9/11. He was the one that recommended most of if not all of the tax reforms and was the one that actually wrote that now famous speech the Central Bank gave denouncing the "Baninter fraud".
In one way or another he has been behind all these events. Just recently he was quoted as saying that if "the PLD wins he does not know what will happen to the economy".
These words show his obvoius slant towards the PPH movement, he is now totally partisan in his ramblings and makes a reference to doom and gloom if the PLD wins the elections.
We my friends may fall victim to this mans creation he so dearly defends much like a landmine laid by the people that came before you.
The fact the Central Bank may never be able to honor certificates may cause a landslide effect when certificates are cashed out, if/when they are it will be done by emiting inorganic currency to cover this debt thus pushing the exchange rate into the stratosphear. I just wonder how much of those certificates are in the hands of the PPH and if they will be the ones to start to cash them during the transition period.
We must get these people out of the government but keep our expectations down since it will be a rough road to recovery.
