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From Steve Quayle's Alerts -
WILL REAL WORLD EVENTS HAPPENING IN ECUADOR LEAD TO ANOTHER VENEZUELA?
As an aside, things in Ecuador getting bad, the economy is being destroyed by el presidente and his willing legislators.........many here, are saying Ecuador will soon follow Venezuela into hell on earth.
They have raised taxes upon anything and everything......and no surprise their tax revenues are down......the gov borrows from anybody willing and does not pay the contractors in the country....
I have some friends here who contracted with the gov for cleaning, services and private security and they have not been paid for over over 3 months.....they have not paid their employees for over 3 months (of course the gov demands they pay the gov all that is owed).
Imagine working and not being paid for 3 months........and still no date when they will get paid....
The gov here is trying to get them to accept electronic money (can't be used for much except to pay back the gov) as a way to make money from nothing since they use the dollar as official currency......and yet the people have largely rejected this inspire of incentives...
People are not buying things, cutting back on everything, for those who can exit Ecuador they have done so, or are in the process........
Not sure what will happen here.......but things are getting very interesting.....not to mention el president's fights with the military here.......
Hope all is well my brother in Christ Jesus.......I'm in Ecuador at present
WILL REAL WORLD EVENTS HAPPENING IN ECUADOR LEAD TO ANOTHER VENEZUELA?
As an aside, things in Ecuador getting bad, the economy is being destroyed by el presidente and his willing legislators.........many here, are saying Ecuador will soon follow Venezuela into hell on earth.
They have raised taxes upon anything and everything......and no surprise their tax revenues are down......the gov borrows from anybody willing and does not pay the contractors in the country....
I have some friends here who contracted with the gov for cleaning, services and private security and they have not been paid for over over 3 months.....they have not paid their employees for over 3 months (of course the gov demands they pay the gov all that is owed).
Imagine working and not being paid for 3 months........and still no date when they will get paid....
The gov here is trying to get them to accept electronic money (can't be used for much except to pay back the gov) as a way to make money from nothing since they use the dollar as official currency......and yet the people have largely rejected this inspire of incentives...
People are not buying things, cutting back on everything, for those who can exit Ecuador they have done so, or are in the process........
Not sure what will happen here.......but things are getting very interesting.....not to mention el president's fights with the military here.......
Hope all is well my brother in Christ Jesus.......I'm in Ecuador at present
Aug 31, 2016
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