The Bono del Sur Scam: Idiot-Proof Version
Quico says: We’ve been hearing a lot about this “Bono del Sur” thing. Confused? Here’s how it works:
Basically, the Bono del Sur is a massive give away, a great big piñata. Is it any wonder there was a mad rush to buy them up? That people demanded nine times as many bonds as were on offer?
Just like beef – and for the same reasons – these Windfall Vouchers ended up having to be rationed. Now, ask yourself this: what kind of investor was well positioned to snap them up? Boligarchs with close ties to the ruling clique? Or those on record as dissidents?
Caracas Chronicles is 100% reader-supported.
We’ve been able to hang on for 22 years in one of the craziest media landscapes in the world. We’ve seen different media outlets in Venezuela (and abroad) closing shop, something we’re looking to avoid at all costs. Your collaboration goes a long way in helping us weather the storm.
Donate
