I am "enjoying" the last hours of Kristina Kirchner as president of Argentina. Twelve years, six months, fifteen days and twelve hours bearing with hers and her unforgettable late husband's loud authoritarian leadersheep (not that I am counting).
Last Sunday in somewhat clean elections, thanks to their army which rebelled against the attempt of burning the ballots and declaring victory, finally the regime of Maduro suffered an electoral beating and we are going to have in 25 days an opposition with special powers in the Venezuelan congress.
With The Castro Brothers™ looking towards the United States and wondering what's the next move; Rafael Correa setting aside his re-election project and Evo Morales begging for having him added to the list of world's rational leaders (I don't know what is happening in Nicaragua), it seems "revolutionary" populism is in retreat all around the continent.
It's no surprise: populism works as long as the cheques keep coming. Once the cheques start bouncing back it's every man for himself.
In the Venezuelan, Ecuadorian and Bolivian cases, the low prices of oil -and other products- have them down. Maduro shares the worries of Putin and the turban dude in Iran about the OPEC not reducing production quotas as the Gulf countries prefer a long term strategy against fracking and global warming related changes.
In Argentina, Fernández de Kirchner used up all the money she could find and then some, and during the last weeks did her most to force Argentina into a default leaving the next government with nothing but problems:
This lady of the democracy spent all the international reserves of the country, ordered the today resigning president of our Central Bank to sell some 10 billion dollars in futures at the lowest price in order for the buyers to make some 50% benefits in three months. They spent all available money, even part of the Central Bank's swap with other central banks like China's and France's. They're leaving the country in public debt default but also in commercial default (they used up about 10 billion dollars in commercial credit private companies have with their providers abroad, snatched the money, spent the money and prohibit the companies to acquire the dollars to pay their debts). They put tens of thousands of new employees, even ambassadors. They can be removed, but they still have their salaries and retirement for the rest of their lives -a constitutional prescription of ours-. Madame president even decreed the new administration have to pay some 70 billion dollars to provinces for money she and her husband used up illegally since 2006.
To crown that with vengeful resentment she tried to made the inauguration of President Macri into her own apologetic feast. He resisted. Now she and her fellow politicians are not attending, out of spite. The fact is the Argentine government is left with a mass of one trillion pesos of money emitted and promissory notes, while in the Central Bank's vaults the only thing left are the marbles of the floor.
Venezuela is not far of starting a similar process of destruction. We have to thank General Vladimir Padrino for avoiding hundreds of deaths and the demise of the little of democracy still left in Venezuela. But Maduro will soon start to co-opt politicians from the opposition and have an addicted supreme court.
Stay tuned because savage populism, indigenism in a disguise of Socialism and all its variations are hurting animals and they are going to attack soon anything that moves in front of them.
Last Sunday in somewhat clean elections, thanks to their army which rebelled against the attempt of burning the ballots and declaring victory, finally the regime of Maduro suffered an electoral beating and we are going to have in 25 days an opposition with special powers in the Venezuelan congress.
With The Castro Brothers™ looking towards the United States and wondering what's the next move; Rafael Correa setting aside his re-election project and Evo Morales begging for having him added to the list of world's rational leaders (I don't know what is happening in Nicaragua), it seems "revolutionary" populism is in retreat all around the continent.
It's no surprise: populism works as long as the cheques keep coming. Once the cheques start bouncing back it's every man for himself.
In the Venezuelan, Ecuadorian and Bolivian cases, the low prices of oil -and other products- have them down. Maduro shares the worries of Putin and the turban dude in Iran about the OPEC not reducing production quotas as the Gulf countries prefer a long term strategy against fracking and global warming related changes.
In Argentina, Fernández de Kirchner used up all the money she could find and then some, and during the last weeks did her most to force Argentina into a default leaving the next government with nothing but problems:
This lady of the democracy spent all the international reserves of the country, ordered the today resigning president of our Central Bank to sell some 10 billion dollars in futures at the lowest price in order for the buyers to make some 50% benefits in three months. They spent all available money, even part of the Central Bank's swap with other central banks like China's and France's. They're leaving the country in public debt default but also in commercial default (they used up about 10 billion dollars in commercial credit private companies have with their providers abroad, snatched the money, spent the money and prohibit the companies to acquire the dollars to pay their debts). They put tens of thousands of new employees, even ambassadors. They can be removed, but they still have their salaries and retirement for the rest of their lives -a constitutional prescription of ours-. Madame president even decreed the new administration have to pay some 70 billion dollars to provinces for money she and her husband used up illegally since 2006.
To crown that with vengeful resentment she tried to made the inauguration of President Macri into her own apologetic feast. He resisted. Now she and her fellow politicians are not attending, out of spite. The fact is the Argentine government is left with a mass of one trillion pesos of money emitted and promissory notes, while in the Central Bank's vaults the only thing left are the marbles of the floor.
Venezuela is not far of starting a similar process of destruction. We have to thank General Vladimir Padrino for avoiding hundreds of deaths and the demise of the little of democracy still left in Venezuela. But Maduro will soon start to co-opt politicians from the opposition and have an addicted supreme court.
Stay tuned because savage populism, indigenism in a disguise of Socialism and all its variations are hurting animals and they are going to attack soon anything that moves in front of them.
via International Skeptics Forum http://ift.tt/1jOIzjy
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