Is the dollarization the exit?
Many of us ask ourselves in Venezuela what could be the way out to stop hyperinflation, and heard how some repeat over and over again that the exit is dollarization, and many asked what it means to dollarize if this were the most profitable because not all countries of Latin America are dollarized, mostly the answer has been no but for all I ask for dollars and if here sends the dollar we must dollarize, those empty answers make me think as we used to be parrots repeat what is said here and there without investigating.
![Dolar.jpg](https://steemitimages.com/DQmXQQfR4h4DCUQS5kxVHMXDnEde5rWsma4Q1V6xhSyvmaA/Dolar.jpg)
As the subject I called so much attention I began to read a little just a little about the subject and what and understood about this, is something that for anyone is a secret the only way out of this hyperinflation is not dollarization, if not the exit of this government because? apart from everything we know and live in Venezuela.
- The main reason why for any item they ask you for dollars, is because they do not trust the bolivar as it is devalued daily and the main reason why the currency is devalued is because no one trusts it, that is, it does not demand of our currency is what makes it fall every day more and it is understood because outside it is worth nothing.
- And because no one relies on the Venezuelan currency, because we have an unstable and incompetent government that ends up with the production of the private company rising to record levels of import demand, therefore the demand towards the dollar has risen to levels never before seen to be able to export products to our country, and who are those who have the highest currency input with 95% in the country the government.
- A few months ago when the barrel of oil was at $ 30 we could say hey must be very committed so there is no investment or liquidation of currencies today the barrel of oil is $ 60 double and we are still in the same without investment without a forex cash settlement, then as there is no internal production the demand for $ increases and if the main foreign currency creditor that is the government does not liquidate this automatically creates a black market where the one who has the $ sells them at the price he wants and as Want to create a level of distrust of the Venezuelan currency as never before, because here there is nothing to buy and abroad nothing is worth.
- Now I ask if according to the government does not have enough foreign currency to respond to the Venezuelan demand where the minimum wage is around $ 5 per month as it will do to approach the minimum wage of dollarized countries such as Ecuador that passes the $ 300 or even worse Panama the $ 700 would be somewhat complicated and difficult to solve for a government as incompetent as this in case they dollarize our economy .
What does dollarization imply and what should the country deliver?.
To dollarize a country this must deliver its reserves ie gold, diamonds and all other minerals in our country is to change something of true value for a simple role as a guarantee, which according to specialists in the world do not have sufficient reserves in gold to support both printed paper money and $, for this reason the United States Senate was asked again and again to audit the gold reserves they have and they have refused again and again, well this is another issue.
The point is to imagine a moment, how incompetent this government is when it does not have to respond to the minimum salary of a Venezuelan, when these corrupt people end up robbing the last $ because while they are they can not think of investment and alliance with the entrepreneurial sector because their only goal is to benefit themselves and not in the country, when neither is this rented currency that is the $ here in Venezuela then how will we be? Without monetary cone and without reserves, with this government it is impossible to think in the opposite.
Well in the end and although today it seems impossible the only way out of this gap is the exit of this government because? apart from everything we know.
Start the agreements with the businessmen and liquidate the necessary currencies to reactivate the production of necessary products that are imported today.
Return confidence to our currency with a capable and competent government, and place all our riches as backup instead of pawning it for nothing.z/center>
Stop thinking about the easiest way out and look for the most feasible, even if it's a bit slower.
It's amazing how countries that have nothing of natural reserves today are power and everything they did along the long way, out of nothing they did everything while everything here has done nothing.
Live to succeed and succeed to live.
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