Quote:
Originally Posted by liam1
inflation - so you are saying that purchasing power of an average Dominican has increased under Leonel's government?
you are talking about GDP and i am talking about GOVT spending and external debt, whitch at some point will have to be paid off. BTW, i wonder if some of the borrowed money is put on balance sheets as "domestic production"?
there is more drugs now that in Hipo's days.
GOVT corruption - you know how bad it is.
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Liam, are you kidding me?
When the big Hippo was handed the throne 1USD = 16 pesos.
Then from 16 pesos it went all the way up to 50 pesos=1USD
So, if you had 300,000 pesos saved in your bank account it would = 18,750 USD
What do you think happend to that money when the peso went from 16 to 50?
Your 300,000 pesos would no longer worth 18,750 USD
Your 300,000 pesos would be worth 6,000 USD instead.
Not to mention that you are also no longer paying .50 peso for an egg. with Hippo an egg went up to 4.00 pesos.
So, Can you imagine all the people that lost their life savings or could no longer feed their families on a 3500 pesos monthly paycheck because they have to pay 80.00 pesos for a lb of salami instead of 15.00
Now you tell me, with who were you richer?
With this world crisis could you imagine how many more poor dominicans would the Hippo made if he was president now?
I can tell you that the pesos would be devaluated more than the Iraqui DINAR ?
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