You have commented 339 times on Rantburg.

Your Name
Your e-mail (optional)
Website (optional)
My Original Nic        Pic-a-Nic        Sorry. Comments have been closed on this article.
Bold Italic Underline Strike Bullet Blockquote Small Big Link Squish Foto Photo
Submit your comments on this article
Caribbean-Latin America
Maduro's Military seizes Electronics Chain Stores
2013-11-10
Swirling the drain
Thousands of Venezuelans lined up outside the country's equivalent of Best Buy, a chain of electronics stores known as Daka, hoping for a bargain after the socialist government forced the company to charge customers "fair" prices.

President Nicolas Maduro ordered a military "occupation" of the company's five stores as he continues the government's crackdown on an "economic war" it says is being waged against the country, with the help of Washington.

Members of Venezuela's National Guard, some of whom carried assault rifles, kept order at the stores as bargain hunters rushed to get inside
and when those shelves and warehouses are empty, what fool would import more, only to have them stolen?
Posted by:Frank G

#5  Or parallel price for dollars is anywhere from 35-50 depending... unless you find someone wanting the hell out in which case 70.

So money was being made the old fashioned way. :)
Posted by: Shipman   2013-11-10 17:49  

#4  This is Maduro striking against another faction of the Chavista Mob, I think maybe the Cabello or God Given Hair faction.

Theory is Daka was blessed with the ability to buy dollars at the official 6.3 rate and sell at an enormous profit. I am told Daka undercut even government stores on some items. It looks like Daka got to damn greedy and the Maduro faction dropped the hammer. We'll see.
Posted by: Shipman   2013-11-10 17:47  

#3  should've highlighted that "swirling the drain". It was my own editorial opinion. And a fact
Posted by: Frank G   2013-11-10 13:28  

#2  Maduro wants to cash-in on the Tweeter craze... Looks like he will be making ads like this one.

Posted by: Clomotch Tholuger   2013-11-10 13:08  

#1  related: somebody didn't pay their mordida

VZ downs, burns Mexican jet carrying cocaine
Posted by: Frank G   2013-11-10 12:49  

00:00