The Scam with the Petro that Organizes Maduro against the Working People
By: Roberto López Sánchez | Friday, 11/30/2018
Nicolás Maduro is running a big scam organized from the power against the income of working people. We refer to the campaign that induces to "save buying petros", which is sold as the "main saving mechanism existing today in Venezuela".
Let's do an exercise of calculating what a citizen who bought 1 Petro would get on the first of September, paying attention to the "savings offer" announced by President Maduro. At that time, the aforementioned citizen of our example paid for the petro the amount of 3,600 sovereign bolivars, which in turn were equivalent to 60 dollars in the parallel market. But suppose also that another citizen, who ignored Maduro, and had that amount of money, decided to buy $ 60 as a savings mechanism and protect their bolivars, as do thousands and thousands of Venezuelans since inflation became a sprayer of our income.
For tomorrow first of December of 2018, the first citizen of the example, can sell the petro that it acquired three months ago by 3.600 Bs.S. and obtains the amount of 9,000 sovereign bolivars (an amount that is 2.5 times higher than the one he invested). But it turns out that our second citizen, who bought 60 dollars for the same amount of 3,600 Bs.S., today can sell them for the amount of 29,400 sovereign bolivars (an amount more than 8 times higher than the one he invested, calculated at 490 sovereign bolivars per dollar today in the parallel market).
It is more than evident that the alleged saving mechanism promoted by the government of Nicolás Maduro is nothing more than a scam organized by the executive power, and that in fact Venezuelan workers are encouraged to lend themselves willingly to being scammed by the government, who will expropriate the value of their sovereign bolivars, with a "certificate" from 1 Petro, and will return them highly devalued within a few months.
Because the prices in Venezuela rise to the rhythm of the parallel dollar, not at the rate of the devaluation of the petroleum that Maduro imposes with his magic wand. The products become more expensive according to how the dollar becomes more expensive. It is evident that the best saving mechanism is to buy dollars, euros, pounds, yuan, which are coins of world circulation and can be traded at any time and anywhere. "Save in petros" actually means throwing the money and ruining it.
According to Maduro, 1 petro to the first of September 2018 was equivalent to 60 dollars in the parallel market. After three months, the same petro is equivalent to about 18 dollars in the parallel market. That is, the same petro is devalued in relation to the parallel dollar.
It is evident that the sovereign bolivar is not anchored to any petro, and that it is devalued at the pace imposed by the parallel market of the dollar. And it is also evident that the petro is no more than an obstacle that the Maduro government places in order to contribute to further disrupt the general chaos into which the Venezuelan economy has sunk.
The working class and the Venezuelan people in general should be aware of this continued scam organized by President Maduro. It must reject and denounce this scam, and not fall into that false propaganda of "save in petros", because it will mean the accelerated loss of the scarce savings with which a citizen of the common people can count.
Maracaibo, Land of the Sun Beloved. November 30, 2018
https://www.aporrea.org/trabajadores/a272531.html
