understanding the psychology of behavior

PDVSA will be issuing a $5Billion bond scheme. The goal will be to raise funds and take money out of circulation. This in it of itself is interesting.

Also, do the poor/middle class in Venezuela have enough liquid cash to accomplish this? Or Will this be directed soley on to the rich? And what if foreigners were to buy up the bonds?

I do not see any rich or foreigners buying up these things, especially since only a few minutes after this bond story broke the BBC announced MORE land seizures in Venezuela!

IMO, this is a prelude to a $5billion dollar theft by Chavez. (Even if you like the man due to his ‘questionable actions’, how in the world will you trust him with your money when he as essentially stolen so much already?)

This entry was posted on Monday, March 26th, 2007 at 9:13 am and is filed under economy. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.