In Venezuela, FOREX Trading >> Prostitution

#1

Rasputin_Vol

"Slava Ukraina"
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#1
When the US Dollar collapses, gold and silver will be the only things left that will have real value.

Venezuelan Prostitutes Earn More Selling Dollars Than Sex - Bloomberg

Prostitutes more than double their earnings by moonlighting as currency traders in Puerto Cabello. They are the foreign exchange counter for sailors in a country where buying and selling dollars in the streets is a crime -- and prostitution isn’t. Greenbacks in the black market are worth 11 times more than the official rate as dollars become more scarce in an economy that imports 70 percent of the goods it consumes.

The bolivar has fallen to 71 to the dollar from 23 on the black market since President Nicolas Maduro succeeded his mentor Hugo Chavez in April 2013. The government tightened currency handouts to stem the outflow of foreign reserves, which are near a decade low. The official exchange rate, reserved for imports of food and medicine, is 6.3 bolivars per dollar.

The dollar shortage is turning Venezuela into a two-tier society similar to the Soviet Union and Cuba, said Steve Hanke, professor of applied economics at Johns Hopkins University in Baltimore. Those with access to dollars such as prostitutes, tour agents, airport taxi drivers and expatriates are able to shield themselves from inflation by trading their greenbacks at ever higher rates. Those who can’t are seeing their living standards decline.
 
#2
#2
More bang for your buck: Deflation Hits The Oldest Profession | The Economist


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Immigrants driving down local wages...

Large-scale migration is another reason prices are falling. Big, rich cities are magnets for immigrants of all professions, including sex workers. Nick Mai of London Metropolitan University has studied foreign sex workers in Britain. He has found that as they integrate and get used to the local cost-of-living, their rates tend to rise. But where the inward flow is unceasing, or where the market was previously very closed, immigrants can push prices down.

Since the European Union enlarged to include poorer eastern European countries, workers of every sort have poured into their richer neighbours. By all accounts prices have been dropping in Germany as a result of the arrival of new, poor migrants, says Rebecca Pates of the University of Leipzig. Sally, a semi-retired British escort who runs a flat in the west of England where a few “mature” women sell sex, says English girls are struggling to find work: there are too many eastern European ones willing to accept less.

Twenty years ago most prostitutes in Norway were locals who all aimed to charge about the same, says May-Len Skilbrei, a sociologist at Oslo University. Today, with growing numbers of sex workers from the Baltic states and central Europe, as well as Nigerians and Thais, such unofficial price controls are harder to sustain.



Apprenticeship program...

Inexperience is another reason newcomers to prostitution may underprice themselves, at least at first. Maxine Doogan, an American prostitute and founder of the Erotic Service Providers Union, a lobby group, learnt her trade from a woman who worked for years in a brothel in Nevada, the only American state where prostitution is legal. The older woman taught her what to regard as standard or extra, and how much to charge. When Ms Doogan started out, in 1988, standard services (vaginal sex and fellatio) cost $200 an hour, the equivalent of $395 today. But some of those starting out now still charge $200, she says, or offer extra services, including risky ones such as oral sex without a condom, without charging an appropriate premium.

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#5
#5
People ain't gonna want gold if there are no dollars to buy it.

My end of days investments

water
alcohol
fire
food
shelter
defense
sex
 
#8
#8
I'd love to see the meeting where the author pitched this study to his/her editor and then asked for the expense budget.
 
#9
#9
Venezuelans are reaping what they have sown. This is what happens when you elect communists.
 
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#10
#10
Been to Venezuela. Both Caracas and the rain forest to see angel falls. They're pretty tough on narcos. I did not see a lot of obvious prostitution as I've observed in other countries but i wasn't looking for it either. Most people with a pot to pee in there live behind walls, electric fencing and razor wire.
 
#11
#11
The Nightmare Of Grocery Shopping In Venezuela

But checkout is like clearing customs in a hostile foreign country. The checkout clerk scrutinizes Valero's ID card and tells her to hold her index finger over a fingerprint scanner.

The clerk scans the merchandise and then informs Anny that, because of rationing, she can buy just two of the three cans of sardines. Then, Valero and Benaventi must produce Jeremy's birth certificate to prove the baby is theirs and that they really do need the diapers.

"This is such a waste of time, and we have to do it every week," Valero says. "My husband risks losing his job because he's here with me shopping. And on top of that, we can only buy two of each item."

The final bill is the equivalent of less than a dollar. But that's part of Venezuela's scarcity problem. Economists say price controls make it unprofitable for farms and businesses to produce goods. Falling oil prices mean Venezuela has less money to import food.
 
#15
#15
We normally see this here in America on Black Friday. Imagine what it would look like here if people were actually fighting over food.

[youtube]https://www.youtube.com/watch?v=YG7lMJJOOdc[/youtube]

[youtube]https://www.youtube.com/watch?v=qFi01lm8RvY[/youtube]
 
#20
#20
Way to cherry pick and deny socialistic failures as not being true Socialism.

Socialism has the potential to work, although a pure socialism is as impractical as a pure capitalism. Socialism fails in places like Latin America, mostly because the geography sucks and the people are incredibly undereducated. In places like Northern/Western Europe, where the geography is much more favorable and where populations are educated (therefore, no one not contributing to the system doesn't breed like a rabbit), socialism can thrive, provided that the demographics remain in one's favor (net contribution as opposed to net taking). Northern and Western Europe's demographics are in decline, so even its socialism success story will probably ultimately fail, but this is not necessarily a commentary on socialism as much as it is a commentary on the natural ebbs and flows of social conditions.

As for me, I tend to support, ideally, an adaptive economics that can quickly disadapt and re-adapt itself to social/environmental conditions, but since it is impractical to think that an entire nation and its lawmakers would be capable of staying abreast of such a system, I just generally support the mixed economic approach we have had for some time now (though we will ultimately need to answer what we want to do with the fact of automation).
 
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#21
#21
who's doing the cherry picking??

You have. There have been instances where you have denied socialistic systems that have failed as not being true socialism. Then you cherry pick European nations (which are not truly socialistic but rather a blend with capitalism) as the success stories of socialism.

I get that you want affordable healthcare. In a perfect world, that would be great. Socialism, in theory, sounds great. The practical application of pure socialism has proven to be an abject failure. The application to large population bases (the United States) of socialistic principles is not feasible without great costs that a good portion of the producers are not willing to pay.
 
#23
#23
You have. There have been instances where you have denied socialistic systems that have failed as not being true socialism. Then you cherry pick European nations (which are not truly socialistic but rather a blend with capitalism) as the success stories of socialism.

I get that you want affordable healthcare. In a perfect world, that would be great. Socialism, in theory, sounds great. The practical application of pure socialism has proven to be an abject failure. The application to large population bases (the United States) of socialistic principles is not feasible without great costs that a good portion of the producers are not willing to pay.

Well.. could we please adopt their kind of capitalism cause they are doing much better.
 
#24
#24
Well.. could we please adopt their kind of capitalism cause they are doing much better.

I do not think their exact system would work due to our population size, cost of living, and national median income. There would have to be drastic cuts in spending in other areas. Whatever the end result would be would have to be a tailor made American solution.

While I do not agree with significantly higher taxes, I do agree that something should be done to help the less fortunate and those who do not have access to essentials that will improve their quality of life. What that is, I am not certain. All I do know is that the American Political system is extremely corrupt and inefficient.
 
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#25
#25
Socialism has the potential to work, although a pure socialism is as impractical as a pure capitalism. Socialism fails in places like Latin America, mostly because the geography sucks and the people are incredibly undereducated. In places like Northern/Western Europe, where the geography is much more favorable and where populations are educated (therefore, no one not contributing to the system doesn't breed like a rabbit), socialism can thrive, provided that the demographics remain in one's favor (net contribution as opposed to net taking). Northern and Western Europe's demographics are in decline, so even its socialism success story will probably ultimately fail, but this is not necessarily a commentary on socialism as much as it is a commentary on the natural ebbs and flows of social conditions.

As for me, I tend to support, ideally, an adaptive economics that can quickly disadapt and re-adapt itself to social/environmental conditions, but since it is impractical to think that an entire nation and its lawmakers would be capable of staying abreast of such a system, I just generally support the mixed economic approach we have had for some time now (though we will ultimately need to answer what we want to do with the fact of automation).

So it takes "useful idiots" to make Socialism work - not the regular type, right?

"socialism can thrive, provided that the demographics remain in one's favor (net contribution as opposed to net taking)"

That just the thing, though, it can't because humans (especially educated ones) won't.

We are not and will never be a collective species; like bees or ants. We are a competitive species that fights among each other for territory and the right to consume resources.

Communism/Socialism doesn't and will never work because it denies the very nature of humanity.
 
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