IncaKola has an analysis of Bolivia's "money in circulation inside the country" ("M2" number) vs "international currency reserves in Bolivia's Central Bank" (or pesos in circulation vs dollars in savings), and concludes the following:
" Frankly, it's remarkable. When Evo took office, there were 15 Bolivianos for every dollar saved by the country. Now there are six for every dollar. What this means is that the Bolivian currency has become far stronger under the current government than it was before. This has many beneficial effects, not least of which is that inflation will be far easier to control in the country going forward."IncaKola further says that,
"Bolivia's monetary policy beats the (U.S.) Fed's hands down. I'm not exaggerating when I say that the above chart is a great visualization of the newly found financial security of Bolivia, a policy that will serve the country well into the future."And they take this swipe at the Fed:
"Ben Bernanke, consider yourself well and truly pwned by an ex-coca leaf grower."This short analysis is entitled,
"Bolivia Really is the miracle economy of South America." (11/15/09)
http://incakolanews.blogspot.com/2009/11/boliva-really-is-miracle-economy-of.htmlA commenter at the site says
"Dang crazy Injuns...trashing everyone's expectations, and with socialism, yet...," and suggests that Morales' economist VP will be the next president of Bolivia (after Morales' term is over), but then says something I can't de-code: The commenter seems to say that Morales' VP's name is "Silverfox." Is this a real name, or a generic name meaning, oh, something like "smart money man"? I thought Bolivia's VP's name was Álvaro García Linera. Anyway, here's an interesting run-down on Linera...
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Sept. 4, 2007
Bolivian vice president keeps the faith with Karl Marx
By George Lowery
Marxism still offers viable ideas to advance such poor countries as Bolivia, said that country's vice president in a Labor Day talk, "Marxism and Indigenism," at Cornell's Goldwin Smith Hall. The lecture was delivered in Spanish with translation to an overflow crowd.
The sharp stratification of Bolivian society lends itself to class analysis, said Vice President Álvaro García Linera, who insisted that Marx remains relevant even to the discussion of indigenous movements (although he conceded Marx did not always champion oppressed native people). His talk is the first event in connection with the "Marx and Marxisms in Latin America" conference, Sept. 14-15, sponsored by Cornell's Diacritics magazine.
García Linera was elected with a large majority in 2005 as running mate and idea man to President Evo Morales of the Movement Toward Socialism party. Morales is Bolivia's first indigenous leader since the Spanish conquest. The majority Amerindian population is effectively excluded from participation in the ailing Bolivian economy.
García Linera's background is the stuff of modern legend in Latin American and leftist politics. A dashing upper-class academic intellectual, in 1992 he was jailed, tortured and kept in solitary confinement for terrorist acts committed as a founding member of an insurgent guerrilla army.
Citing the "tense dynamic" of haves and have-nots, García Linera noted that indigenous Bolivian economies are neither communist nor capitalist. The left, he said, has failed to understand indigenous groups' demands to express their identity and failed "to take into account internal colonial domination."(MORE)
http://www.news.cornell.edu/stories/Sept07/Linera.cover.gl.html
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