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  1. #26
    Active TRN Member RGV AG's Avatar
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    Default Re: Question.....

    Quote Originally Posted by KeyWestPirate View Post

    Providing equal opportunity is a big start, and has worked wonders in the US. The country is not perfect,, but it's up there with the best, and a cheeseburger doesn't cost $50 like it does in Norway.
    I really do not appreciate you sending me down the rabbit hole of researching Norwegian Cheeseburger prices this early in the morning. Should I ever escape it, I will report my findings. If that is the case I may have to rethink my admiration for Norway. Come to think of it, maybe that is why they may have all the blond Nordic Goddesses. Maybe LatAm should institute a form of government where Tacos, Fritanga, Pupusas, etc. cost $50. That might help the rate of diabetes, the family unit, and self esteem across the board.

  2. #27
    Viejo del Foro Daddy-YO's Avatar
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    Default Re: Question.....

    Money ain’t exactly the end-all. True enough said: “Capitalism makes money.” But it doesn’t always create real wealth - esp., with today’s financial flim-flam gone global. And that’s a problem. (Bill bemoaned Canada & Germany getting sucked into the US real estate derivatives market, a case of unleashed greed and ignorance/trust issues.) More & more its effect has been to redistribute money upward, to the already filthy rich.

    “Socialism spends money,” is also true. But that money churns through the economy, creating jobs & production. Not incidental is welfare money’s stimulation of the ‘black market’, which is how the poor inevitably redirect society.

    “Time is money.” “There’s no such thing as a free lunch.” Living in the States, I absorbed these ‘truisms’. Here in Nicaragua, I’ve come to know time = life. It’s people that matter. Gov’mints come & go. ‘Isms’ too.

  3. #28

    Default Re: Question.....

    Quote Originally Posted by RGV AG View Post
    I really do not appreciate you sending me down the rabbit hole of researching Norwegian Cheeseburger prices this early in the morning. Should I ever escape it, I will report my findings. If that is the case I may have to rethink my admiration for Norway. Come to think of it, maybe that is why they may have all the blond Nordic Goddesses. Maybe LatAm should institute a form of government where Tacos, Fritanga, Pupusas, etc. cost $50. That might help the rate of diabetes, the family unit, and self esteem across the board.
    It was actually a cheeseburger and a beer.
    In all fairness you could probably pay that much in NYC at the wrong place.

  4. #29
    TRN Science officer bill_bly_ca's Avatar
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    Default Re: Question.....

    Quote Originally Posted by drlemcor View Post
    My take is that many of the issues that the United States has can be laid at the foot of its love affair with socialism. I'm not sure that the US could break up with her now even if he wanted to.
    And as an example, you folks get over 2K/mo in social security I am told. We are scaled to 1/4 of our take home from 18 to 65, up to a maximum of (2018 dollars) of 55K and change.

    Now to be fair we only pay in 8% (4% by employer, 4% by employee) up until the last 4 or 5 yrs when we started to pay in at a raising scale that will end at 9.5% - You folks pay more, some tell me it is up to 15%.

    Just think how much more difficult it would be to conduct commerce if it were not for the interstate highway system? The St Lawrence Seaway? Both of these were reported to be socialist boondoggles at the time.

    Socialist is only that if it is money in - and nothing tangible out
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  5. #30
    House SOB Little Corn Tom's Avatar
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    Default Re: Question.....

    Just think how much more difficult it would be to conduct commerce if it were not for the interstate highway system? The St Lawrence Seaway? Both of these were reported to be socialist boondoggles at the time.

    I do not know about the SLS but it is doubtful that Eisenhower started a socialist boondoggle.
    No mention of socialism influencing the interstate system here.....https://en.wikipedia.org/wiki/Interstate_Highway_System
    Life's different here ... It's a whole 'nother pace.

  6. #31
    Para aquí para acá Jonh's Avatar
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    US highways are built by privately-owned companies, bidding competitively and earning profits. It's just that the money comes from tax revenue. If government built highways, they'd cost three times as much and take four times longer to finish.

  7. #32
    TRN Science officer bill_bly_ca's Avatar
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    Default Re: Question.....

    Quote Originally Posted by Little Corn Tom View Post
    No mention of socialism influencing the interstate system here.....https://en.wikipedia.org/wiki/Interstate_Highway_System
    Google shows a bevy of items where libertarians and conservatives propose that the system should have been private.

    Hyek would listed it under socialist boondoggle Keynes would have seen it as an investment. The same would have been the GI bill and the housing loans after WWII - All of them socialist in nature, but in the end making the US the head and shoulders world leader as an investment in people and a kick start to home ownership gave you folks a head start for 70 yrs.

    Going back to DOS and Rosario - the Keynesian investments they made (with other peoples money) will eventually give the country what it needs to make something to try a go at beind a 2nd world country (Mostly working electricity, functioning road system, and potable water for almost all)
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  8. #33
    TRN Science officer bill_bly_ca's Avatar
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    Default Re: Question.....

    Quote Originally Posted by Jonh View Post
    US highways are built by privately-owned companies, bidding competitively and earning profits. It's just that the money comes from tax revenue. If government built highways, they'd cost three times as much and take four times longer to finish.

    Same here - But the ISHS was fully funded by the US government and they expropriated land as they did/do just like up here as well. I am not sure who owns them though - Are they owned by the state they pass through or the US Government?

    If you look at the interstate history there apparently was a funding formula in place since the late 30's - but only at 50% where it looks like the ISHS was 90% funded.

    Even our highway maintenance system - over 50% is private contractors of the government. Only the places that have actual government agencies are remote communities.

    We have funded the Nicaraguan interdepartmental system :-)
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  9. #34
    Viejo del Foro el duende grande's Avatar
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    Default Re: Question.....

    Trump proved that with the ice skating rink in NYC! He brought in a Canadian company with experience to getterdun.

    My pet theory is that capitalism is a runaway train that will eventually crash. Socialism is a forced march to a death camp. You pays your nickel and takes your choice.

    My other pet theory is that socialism does not cause countries to fail. Failed countries chose socialism as a last gasp. Scandinavia is a partial exception, but they have chosen a special national suicide--death by diversity.

    Quote Originally Posted by Jonh View Post
    US highways are built by privately-owned companies, bidding competitively and earning profits. It's just that the money comes from tax revenue. If government built highways, they'd cost three times as much and take four times longer to finish.

    "Support mental health or I'll break your head"


  10. #35
    Para aquí para acá Jonh's Avatar
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    I think the State DOT is responsible for Interstate highways within the State, not 100% sure.

    EDG, I'm reading The Fruits of Graft, by Wayne Jett. The premise of the book is that the form of capitalism that "runs away" is Mercantilism. Mercantilism goes back to medieval times, when the nobility would partner with successful businessmen to mutually grow in strength, and of course each influences the other and overpower rival nobility. If you weren't one of those businessmen you wouldn't become super rich and powerful. Capitalism isn't just one single monolithic thing, and neither is Socialism. It's done differently by various players, just as "religion" is not one monolithic, uniform thing.

  11. #36
    Viejo del Foro Daddy-YO's Avatar
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    Default Re: Question.....

    True, the ‘-isms’ vary with who’s talking, but the roots are simple: capital = money; social, society, as in people with a common bond.
    Religions bind. From Latin religare ‘to bind’ => Old French, or from Latin religio(n- ) ‘obligation, bond, reverence’ => Middle English (originally in the sense ‘life under monastic vows’)

    Most of the time I just read TRN and wonder. Today I looked it up:
    EDG = EDg , from UrbanDictionary
    (1)Someone who uses new netspeak too much. i.e. "tl;dr" or "prommie"
    (2)A person who thinks very highly of their self and is rude to others with the intention of being cool.
    (3) One who follows the latest net trend.

    Or was it a typo?
    EGD Entropy Gathering Daemon (user-space program)
    EGD Esophagogastroduodenoscopy (This acronym is difficult to swallow.)
    I never met a Semite I didn't like.

  12. #37
    Para aquí para acá Jonh's Avatar
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    Well, El Duende Grande isn’t an EDG

  13. #38
    Active TRN Member RGV AG's Avatar
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    Default Re: Question.....

    Gonna tax the remesas, that is some good money for the POS crew right there. Nothing but free mailbox money. They would be the only country in LatAm that would do this to my knowledge, but I could be wrong, obviously aside from some exchange rate screwing but that is minor.

    The INSS reform is gonna trick fuck a lot of the small middle and upper class wage earners in Nicaragua, the removal of the ceiling cap on wages is bad news. Many of the small group of well paid executives took between a 4 to 8% pay cut yesterday. Gotta love it.

  14. #39
    Para aquí para acá Jonh's Avatar
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    Dang, and I was thinking the US needs to tax remesas, to discourage other countries from exporting labor in exchange for cash.

  15. #40
    House SOB Little Corn Tom's Avatar
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    Default Re: Question.....

    Quote Originally Posted by Jonh View Post
    Dang, and I was thinking the US needs to tax remesas, to discourage other countries from exporting labor in exchange for cash.
    Well John.....we still can and still should.

    Tax it....delay it.....demand mucho documentation and identification.
    Life's different here ... It's a whole 'nother pace.

  16. #41
    Viejo del Foro Daddy-YO's Avatar
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    For migrant workers a tax on remittances amounts to double taxation. But for the crowd milking the US welfare cow, it’s simply a hit. Either way, the encomienda state must be maintained.
    (Didn’t Trump talk about paying for the ‘wall’ by taxing remittances?)

    (OK Jh, I’m acronym-challenged, either on account of never having been a gov’t employee, or due to faulty synaptic wiring.)

    I never met a Semite I didn't like.

  17. #42
    TRN Science officer bill_bly_ca's Avatar
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    Default Re: Question.....

    This new (well old tax, revisited) with the cuts in INSS could just "do it"

    In other news apparently, the FSLN was kicked out of the "Society of Socialism" or some similar naming today - I find that funny ..
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  18. #43

    Default Re: Question.....

    There was a show called Overview of America, has one of the best / simplest government explanations in the below video clip.

    "The essence of freedom is the proper limitation of government."


  19. #44

    Default Re: Question.....

    Quote Originally Posted by RGV AG View Post
    Gonna tax the remesas, that is some good money for the POS crew right there. Nothing but free mailbox money. They would be the only country in LatAm that would do this to my knowledge, but I could be wrong, obviously aside from some exchange rate screwing but that is minor.

    The INSS reform is gonna trick fuck a lot of the small middle and upper class wage earners in Nicaragua, the removal of the ceiling cap on wages is bad news. Many of the small group of well paid executives took between a 4 to 8% pay cut yesterday. Gotta love it.

    Cuba takes 20 percent off the top when the remittance,, or any money, is changed into the obligatory Cuban convertible peso. This trades on a one to one par with the dollar,, after the 20% you just lost. It was referred to as Fidel's Haircut when I was there .

    Cuban national money isn't worth squat,, except for the 3 peso note sold to tourists (Has Che's picture on it). Worth 15 cents,, price varies from $1 to $5

  20. #45
    Para aquí para acá Jonh's Avatar
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    Default Re: Question.....

    Quote Originally Posted by Daddy-YO View Post
    For migrant workers a tax on remittances amounts to double taxation. But for the crowd milking the US welfare cow, it’s simply a hit. Either way, the encomienda state must be maintained.
    (Didn’t Trump talk about paying for the ‘wall’ by taxing remittances?)

    (OK Jh, I’m acronym-challenged, either on account of never having been a gov’t employee, or due to faulty synaptic wiring.)

    Nothing unusual about double taxation, we're all double taxed and triple taxed. If they don't like it, they can go home.

  21. #46

    Default Re: Question.....

    Although the remittance tax is off the table for now,, the "reforms" outlined on Monday and Tuesday are going to create an even greater business retrenchment, and tighter contraction of the economy.

    At a time like this, as in the US in 2008, you want to spur the economy by spending money, and increasing the money in circulation.

    Nicaragua is doing the opposite.

    We talk about printing money. The US doesn't have to do this,, as so little of our money is in cash.

    In Nicaragua,, we should start seeing some larger notes as the cordoba falls in value. A C$ 5000 note by June . . .

    I thought that this could be over quickly,, a year or two,, but the trough that we are heading for is deeper than I anticipated.

    As long as you have dollars,, you will be fine, until someone hits you over the head and steals your wallet.

    We do indeed live in interesting times

  22. #47
    Para aquí para acá Jonh's Avatar
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    Looks like someone still believes in gold. Venezuela and Russia deny rumors that a Russian aircraft departed Caracas with 20 tons of Venezuelan gold bullion. They might try to trade it later on for the oil they were promised.

    https://www.zerohedge.com/news/2019-...ezeulas-vaults

    Does Nicaragua have any gold bullion?

  23. #48

    Default Re: Question.....

    Quote Originally Posted by Jonh View Post
    Looks like someone still believes in gold. Venezuela and Russia deny rumors that a Russian aircraft departed Caracas with 20 tons of Venezuelan gold bullion. They might try to trade it later on for the oil they were promised.

    https://www.zerohedge.com/news/2019-...ezeulas-vaults

    Does Nicaragua have any gold bullion?

    The UK (Bank of England) embargoed all of Venezuela's gold that they had in their vaults, don't remember the number,, but Venezuela really needed it.

    Venezuela generates quite a bit of gold.
    They were trading it to Turkey for food until recently.

    I haven't been paying sufficient attention to Venezuela,, as they are a bellwether for how things will develop in both Nicaragua and Cuba in 2019. I think that Cuba is even worse off than Nicaragua in 2019,, but good numbers from Cuba are hard to come by.

    The budget proposed on Monday and Tuesday isn't going to fly. They will have to revise it again.
    Ivan Acosta is still in "Dreamer" mode,, Olvidio Reyes (BCN) is just trying to hang on to his well paid job as long as possible. He's trying to stay above the shit ball that is about to roll downhill.

    Available credit continues to contract, major sectors of the economy will follow; dollars are getting scarcer.
    Scarce dollars means more trouble paying for imports. We're not talking imported Hermes scarves for the Chamuka,,, we're talking oil to keep the lights on. We had no lights all day yesterday in Condega and La Lima. I couldn't care less about the lights,, I'm self sufficient electrically,, but the MoviStar tower had no power to rebroadcast the internet signal

    Selling beans and other basicos to Mexico means that bean prices stay high,, making the campesinos happy.
    Not so happy are the working poor in Managua who survive on a daily diet of rice and beans.
    That other important Nicaraguan staple,, gaseosa , is being taxed 15% under the new tax law proposed on Monday and Tuesday.

    Without credit, the new taxes,, especially the advanced collections of tax,, will really put the squeeze on many businesses. The only option for many: let employees go. Of course,, then they have severance to pay, which can start adding up for long term employees.

    They need a stimulus right now , but they are doing just the opposite, taking money out of circulation. This is going to lead to an ever increasing death (and debt) spiral, and will require the IMF to eventually step in.


    Nicaragua and Gold: Nicaragua produces gold but the gold is the property of the mining companies. They pay a royalty to Nicaragua. The gold royalty was one of the numerous things increased by the new tax law proposed on Monday. The law makes interesting reading.
    They are literally nickel and dime-ing everywhere to raise a few cordoba, and insisting on the advance payment of many tax items.

    Gold in Venezuela WAS the property of the mining companies too,,, but Chavez nationalized all gold production,, I think 2014. This is the subject of on-going litigation,, and Venezuela is going to take it in the shorts here too.
    Last edited by KeyWestPirate; 01-30-2019 at 07:02 PM.

  24. #49
    TRN Science officer bill_bly_ca's Avatar
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    Default Re: Question.....

    Quote Originally Posted by KeyWestPirate View Post
    The UK (Bank of England) embargoed all of Venezuela's gold that they had in their vaults, don't remember the number,, but Venezuela really needed it.

    It was 1.2B

    It was a funny read when the Russian plane got caught with its flaps down due to flight aware.

    IIRC B2gold was slowing its operation last report that I read in the summer.
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  25. #50
    Viejo del Foro el duende grande's Avatar
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    Default Re: Question.....

    It's the little stuff--pollo tiptop no longer takes orders from the tables, IBW closed its Esteli office and gave us the number for matagalpa, Some stores and restaurants are still closed, others just have few customers. One major hardware doesn't seem to stock stuff. Casa Pellas seems to do fewer parts runs to Managua.
    Mostly I miss the bank in MaxiPali.

    "Support mental health or I'll break your head"


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