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Cuba: Dollar decision a sign of distress
Miami Herald ^ | October 28, 2004 | JANE BUSSEY jbussey@herald.com

Posted on 10/28/2004 1:03:05 AM PDT by Cincinatus' Wife

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1 posted on 10/28/2004 1:03:05 AM PDT by Cincinatus' Wife
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To: Cincinatus' Wife

I see. Now only the tourists can spend US dollars. The Cuban government is now basically banning its own people from partaking in the economy. Its mostly black market now.


2 posted on 10/28/2004 1:07:34 AM PDT by GeronL (FREE KERRY'S SCARY bumper sticker .......... http://www.kerrysscary.com/bumper_sticker.php)
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To: Cincinatus' Wife
I am absolutely dumbfounded by any sane American farmer or businessman who thinks that Cuba has money to spend on their product. Communism/socialism combined with an insane dictatorship equals a raped and impotent economy. Communism is a pyramid/ponzi scheme by another name -- it doesn't work and never will. Ditto my incomprehensibility on businessmen who think investment in China is a good idea.
3 posted on 10/28/2004 1:11:59 AM PDT by Californiajones ("The apprehension of beauty is the cure for apathy" - Thomas Aquinas)
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To: Cincinatus' Wife
Cuba is now suffering from a scarcity of cash brought on after the Bush administration levied a $100 million fine on UBS AG, the largest Swiss bank, because its trading desk was supplying dollar bills to Cuba, Libya, Iran and the former Yugoslavia, in violation of U.S. sanctions.

A President with a plan.

No doubt however sKerry has a plan too. We just won't be allowed to see it until he's elected.

4 posted on 10/28/2004 1:18:44 AM PDT by EGPWS
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To: Californiajones

U.S. companies were required to sign an agreement to sell to Castro, that said, they would work to have the U.S. sanctions removed.

That caused one company, that I know of (can't remember their name), to withdraw from the deal.


5 posted on 10/28/2004 1:24:35 AM PDT by Cincinatus' Wife
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To: EGPWS

The only thing propping up the Castro guv is total control of the military and money from euroscum tourist. Average folks in Cuba are on scant food rations, no meds and hope is fading fast!

My fear and fear of Cubans here is that total chaos will consume Cuba and the bloodshed will be enormous!


6 posted on 10/28/2004 1:27:34 AM PDT by rrrod
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To: Cincinatus' Wife

Fidel is just mad because Karl Rove pulled some strings and made him plunge headlong off that step and break stuff.

Evil genius, that Karl...


7 posted on 10/28/2004 1:32:21 AM PDT by EternalVigilance (Socialism Kills...)
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To: rrrod

And oil from Hugo Chavez in Venezuela.


8 posted on 10/28/2004 1:54:34 AM PDT by Cincinatus' Wife
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To: Cincinatus' Wife

Yes, I forgot to mention that.


9 posted on 10/28/2004 1:55:35 AM PDT by rrrod
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To: EGPWS; GeronL; EternalVigilance

October 28, 2004 (AFP/Tim Sloan)
10 posted on 10/28/2004 1:55:53 AM PDT by Cincinatus' Wife
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To: rrrod

Bump!


11 posted on 10/28/2004 1:56:04 AM PDT by Cincinatus' Wife
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To: Cincinatus' Wife

So....Who cares????.....


12 posted on 10/28/2004 2:00:58 AM PDT by Stateline
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To: Californiajones
"Ditto my incomprehensibility on businessmen who think investment in China is a good idea."

In case you haven't noticed, China is no longer Communist.
If in doubt, look in your sneaker or on the back of you digital camera. Tyrants, yes. Communists, no.

13 posted on 10/28/2004 2:03:24 AM PDT by Read2Know
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To: rrrod

Hopefully chaos will be short-term


14 posted on 10/28/2004 2:08:16 AM PDT by GeronL (FREE KERRY'S SCARY bumper sticker .......... http://www.kerrysscary.com/bumper_sticker.php)
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To: GeronL

Me too my friend....When the video of Castro falling was on TV, recent Cuban refugees I know went NUTS!!!!! They wanted to watch it over and over!

I made a promise 30 yrs ago that I'd be in Cuba the day they drag castro thru the streets and plan to keep it!

Look for me ..I'll be the gringo armed to the teeth!


15 posted on 10/28/2004 2:24:34 AM PDT by rrrod
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To: rrrod
Have you ever read this??

http://www.buildfreedom.com/tanner/evolution.shtml

16 posted on 10/28/2004 3:03:39 AM PDT by GeronL (FREE KERRY'S SCARY bumper sticker .......... http://www.kerrysscary.com/bumper_sticker.php)
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To: Read2Know
China is no longer Communist.

"There is no Soviet domination of Eastern Europe" --Gerald Ford, 1976

17 posted on 10/28/2004 3:55:32 AM PDT by snopercod (Inflation, it's how wars are paid for.)
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To: GeronL

Thanks...Ill translate this our refugees...same things they have been saying.


18 posted on 10/28/2004 6:21:05 AM PDT by rrrod
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To: Cincinatus' Wife
Havana's move earlier this week to eliminate U.S. dollars from circulation ........ Cubans may still hold dollars, but to spend their money in any official establishment, they must exchange their dollars for convertible pesos -- known as chavitos or little pennies. After Nov. 8, any exchanges will be subject to a 10 percent government charge.

Castro is not "eliminating U.S. dollars from circulation".

He is finding a way to cheat his own people out of an extra 10%.

19 posted on 10/28/2004 6:27:05 AM PDT by Polybius
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To: snopercod; Read2Know
China is no longer Communist.

"There is no Soviet domination of Eastern Europe" --Gerald Ford, 1976

I would agree with Read2Know.

China gave up on Marxist orthodoxy and is now more classically Fascist than it is Communist.

The only difference between the two is that the Fascist tyrant realizes that the economy works best with some capitalist incentive but the Communist tyrant does not. Other than that, the Communist tyrant and the Fascist tyrant are two peas in a pod.

As to Castro, he has always, above everything else, been simply a "Fidelista". In his youth, he idolized Mussolini. During the Soviet era, he embraced the ideology of his Communist protector. After the fall of the USSR, he embraced the Euro-weenie capitalist investors.

20 posted on 10/28/2004 6:40:23 AM PDT by Polybius
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