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Venezuela Hookers Now Make More As FX Traders
"The dollar is king these days, but having them comes at a price," notes one working girl as Venezuelan prostitutes can more than double their earnings by moonlighting as currency traders, "yes, we got dollars to afford the things our families need, but we have to sell our bodies for it." The dollar shortage is turning Venezuela into a two-tier society similar to the Soviet Union and Cuba, said Steve Hanke; as Bloomberg notes, those with access to dollars such as prostitutes, tour agents, airport taxi drivers and expatriates are able to shield themselves from inflation by trading their greenbacks at ever higher rates. Those who can’t are seeing their living standards decline. Socialism at work...
The bolivar has fallen to 71 to the dollar from 23 on the black market since President Nicolas Maduro succeeded his mentor Hugo Chavez in April 2013. The government tightened currency handouts to stem the outflow of foreign reserves, which are near a decade low. The official exchange rate, reserved for imports of food and medicine, is 6.3 bolivars per dollar.
The dollar shortage is turning Venezuela into a two-tier society similar to the Soviet Union and Cuba, said Steve Hanke, professor of applied economics at Johns Hopkins University in Baltimore. Those with access to dollars such as prostitutes, tour agents, airport taxi drivers and expatriates are able to shield themselves from inflation by trading their greenbacks at ever higher rates. Those who can’t are seeing their living standards decline.
In a country where prostitution is legal, it is the black market in dollars that Maduro has called “perverse,” saying it was designed by the bourgeoisie to destroy his Socialist government.
And so, as one prostitute explains, "greenbacks are king"...
The arrival of a Liberian-flagged freighter with Ukrainian, Arab and Filipino sailors spells one thing for Elena -- dollars.
Within hours of hearing of the ship’s imminent arrival, she has packed her bags and is heading to the crumbling city of Puerto Cabello. It is a 450-kilometer (280-mile) journey from her home in the Western state of Zulia that Elena finds herself doing more often now as Venezuela’s economy contracts, the bolivar slumps and prices soar.
Prostitutes more than double their earnings by moonlighting as currency traders in Puerto Cabello. They are the foreign exchange counter for sailors in a country where buying and selling dollars in the streets is a crime -- and prostitution isn’t. Greenbacks in the black market are worth 11 times more than the official rate as dollars become more scarce in an economy that imports 70 percent of the goods it consumes.
“The dollar is king these days, but having them comes at a price,” Elena, who uses an alias to protect her identity, said late last month in a room she rents in a Puerto Cabello brothel. “Yes, we got dollars to afford the things our families need, but we have to sell our bodies for it.”
The benefits of the trade are stacked around Elena’s room in the Blue House brothel -- bags of rice, flour, sugar and cooking oil -- products that other Venezuelans have to line up for hours to buy at regulated prices in shops, if they can find them at all.
FX traders have been jailed and businesses demanding too high a profit margin shut down but prostitution thrives...
Officials have tried jailing traders, shutting down brokerages and setting up four parallel exchange systems to stem the rise of the unofficial rate in the 11 years since Chavez began controlling the bolivar’s price.
Prostitution has become the only boom industry in Venezuela’s biggest port.
Officials have tried jailing traders, shutting down brokerages and setting up four parallel exchange systems to stem the rise of the unofficial rate in the 11 years since Chavez began controlling the bolivar’s price.
“We can make more in two hours here than working in a shop in a month,” said a prostitute who calls herself Giselle, as she sipped a 12-year-old whiskey in Club 440 striptease joint.
And it's unlikely to end soon...
The percentage of households living below the poverty line rose six percentage points to 27.3 percent in the second half of last year, the first increase since 2010
For women like Giselle, Elena and Paola, prostitution for dollars has become a lifeline keeping them from poverty.
“We haven’t studied, we have no education. What would we do now if we stopped?” said Giselle. “Work for a minimum wage that doesn’t even pay for food? If we wouldn’t be here working the scene, we would be living on the streets.”
Viva La Socialism...
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Obama's plan revealed.
Since I am a male, could I make as much as these female call girls do?
Modeling, prostitution, and exotic dancing are three professions where the male counterpart earns less than the female, on average.
If you are a hetero exotic dancer, you better be willing to dance for gay audiences or you will not be able to support yourself.
Good luck.
...to which list of professions I would add, 'massage'. Many women don't want to be touched by men in any setting; whereas men such as I consider a skilled massage from an attractive young woman to be one of the elixirs of life itself.
Umm the industry is non existent for men. Simple biology
I wish I was single .. I'd have me a Venezuelan widebody
I gotta' agree, Spitz. How can you be interested in doing business with a FX trader when you can have a hot, sexy, Venezuelan FX trader who will twerk you long-time? U-goochi-goo-goochi-goo! Ay si, mamita!
The woman is selling her body in order to buy staples and feed her family. Could you derive pleasure having sexual intercourse with her, knowing this?
Nope, it's much better for her and her family to starve to death.
This message was brought to you by Liberal Logic. It's what's coming your way...
"a prostitute at home is better than a dead baby"
-- when money dies, the nightmare of the Weimar hyperinflationary collapse
http://thirdparadigm.org/doc/45060880-When-Money-Dies.pdf
Get ready boys, it's coming here too!
Many men would derive more pleasure knowing this. Unfortunate, but true.
the best article extolling the benefits of globalization i've ever read!
the brave free-market hookers of venezuela who globalized their muffs as they battled the evil forces of anti-globalism (no free muff for you, fidel!).
i think i'll get a tom friedman tattoo on my anus to celebrate.
A true pain in the ass. I salute you and your ability to endure pain.
Yea, Smellster, but here is the snswer to the question of if I want to actually see your new tattoo.
NO. Emphatically NO!
:)
Re "Socialism at work" :
For those who hate communism and socialism, go ahead, knock yourself out. I don't mind, I'm not a big fan either.
But:
When you're having a barbeque, and you cook yourself a great big T-bone steak, and then someone else grabs that T-bone steak and eats it and gives the scraps to the dog, do you say, "That's the trouble with feeding the dog. He steals your T-bone steak!" ?
Nice try, but in the real world, the dog (government employees) bribe ('campaign contributions' and other in kind contributions) the thief (politician) to grab (tax) your steak and give them what they want. The dog is not an innocent here, but rather the root cause of the problem, or, at the very least, just as culpable and necessary for the system to persist.
The dog is welfare recipients. The guy that steals your steak is the banksters. The banksters bought the govt. That was a capitalist transaction "with no government intervention".
In the case of this article: http://www.zerohedge.com/news/2014-06-09/obama-unveils-student-loan-debt... The dog is the students. The thief is the banksters and the universities.
41 year loan at 4%, the banksters get half the steak.
24 year loan at 7%, the banksters get half the steak.
But that is completely ignoring how much prices are driven above what people can afford by banksters lending money to those who can't afford the repayments.
"Oh, the govt forced me to lend money to idiots. It's not my fault I got so rich on bailouts!"
Yeah, right. Here, have a "campaign contribution", and count yourself lucky I could also provide you with an "adviser".
Maduro may have to resort to planting Coca on a massive scale.
That little shrub has brought more dollars into South America than
any other export.(with the possible exception of bananas)
She should become a SDR trader. That would solve it all.
SHAME ON ZEROHEDGE:
PLEASE CAN YOU STOP WITH THESE RACIST NSA SPONSORED ARTICLES DENIGRATING VENUZUELA OR SOCIALISM. IS IT WRONG FOR OTHER ADULT COUNTRIES TO BELIEVE THAT THEIR OIL RESOURCES SHOULD BE SPENT ON THEIR OWN PEOPLE AND NOT GO TO THE VAMPIRE SQUID. E.G. NORWAY?
YOU AMERICANS ARE SO BRAINWASHED BY CAPITALISM THAT ANY OTHER MODEL IS DISMISSED OUT OF HAND. CAPITALISM IS FINE IF YOU HAD IT IN THE US JUST LIKE COMMUNISM IS FINE IF THEY HAD IT IN THE USSR. HOWEVER, AS WITH ALL THESE ACADEMIC MODELS THE PROBLEM IS THE PEOPLE RUNNING THEM.
THE USA IS THE MOST SOCIALIST COUNTRY ON EARTH!!! YEAH YOU GOLD HOARDING GUN TOTING RETARDS. AMERICANS SOCIALISED THE TRILLIONS OF YOUR RICH CITIZEN'S PRIVATE BANKING DEBTS..AND YOU HAVE THE AUDACITY TO WRITE ARTICLES LIKE THIS???
HAVE YOU IDIOTS EVER THOUGHT THAT THE REASON THAT IRAN, VENUZUELA, IRAQ ETC. HAVE A HARD TIME IS NOT BECAUSE OF "SOCIALISM ZOMG!!! HAHA LOL" BUT PRECISELY BECAUSE OF ALL THE SANCTIONS IMPOSED BY YOU FASCIST US MURDERERS.
I'M TIRED OF ZEROHEDGE ARTICLES BASHING OTHER ECONOMIC MODELS THAT ARE BEING ACTIVELY DESTROYED BY THE IDIOTS LAUGHING AT THEM.
IS IT FUNNY TO YOU GUYS THAT POOR VENUZUELAN WOMEN,SISTERS, MOTHERS HAVE TO SELL THEIR DIGNITY AND BODIES TO FAT YANKIES BECAUSE OF ECONOMIC EMBARGOES BY YOUR COUNTRY?? HMM?
GROW UP ZEROHEDGE. THE US IS DONE IN THE EYES OF THE WORLD. YOUR OWN GOVERNMENT KILLS 3000 OF YOUR OWN CIVILIANS FOR RESOURCE WARS AND YOUR ECONOMY IS STILL F**KED. YOU'RE DONE BAR THE SHOUTING. IT'S JUST A MATTER OF HOW MANY CHILDREN YOU KILL ON YOUR WAY DOWN...LET'S HOPE NOT TOO MANY.
You are right - there are some very ugly attitudes to women who have to prostitute themselves here at Zerohedge. Unfortunately, the sort of pigs that would take advantage of these women will justify their actions by making it appear as if it is all about "consenting adults" and "free trade". Unfortunately, (again) nothing that we may write here will dissuade them of their inhumanity.
PS. No need for all caps.
PPS. The rest of your post is crap.
Pause for thought...
CIA must have a Zerohedge propoganda Desk.
I think most ppl here are clued up enough to to see the bashing of certain countries and the agendas of the article's authors.
I got a good laugh out of the caps-lock rant.
I wasn't aware of any broad embargo by the U.S. or any other country of the Venezuelan (or Iraqi) economy. And by economy, I mean "oil exports".
The type of hard socialism they practice in Venezuela is beyond idiotic, it's in the realm of religious zealotry. Businesses can't fire anyone without first getting permission from the government. Prices for many basic items (foods, gasoline) are fixed at levels so low there is virtually no profit incentive for producers to produce. The goverment spends huge amounts of money on various social programs that have questionable return on investment and nationalizes (steals) the assets of foreign companies using the "we were exploited by foreign capitalists, so that makes it OK" excuse. Who the fuck wants to invest their money in a place like that? No wonder the bolivar isn't worth anything.
You're right though, buddy. They can spend their money aaaaany way they want. That doesn't mean we don't get to laugh at them when it inevitably turns to crap.
It's just another distraction by our own western governments.
"STFU and be grateful for what your gov is doing for you"
This is a Bloomberg article dickweed:
http://www.bloomberg.com/news/2014-06-09/venezuela-prostitutes-earn-more...
Yeah, we know the US is fucked up.
Up arrow for a good rant!
Women vote for socalism. You think they should magically be spared the consequences of voting in socalist governments. They made their bed let them lie in it.
Currency traders and prostitutes.
A match made in heaven!
The true definition of a whore.
What's the difference between a lawyer and a prostitute? The prostitute stops screwing you when you're dead.
I think these gals would do even better if they bought the SPX.
Good for them. At least they provide a real service.
Well...not all prostitues are created equal.
Still...the sailors probably aren't looking for quality either. Lie if you grab another twenty you'll never see them again.
Not that I'm condoning this...just saying.
It is rather odd given that natural gas prices have doubled and oil stays pegged at "code red" (hundred bucks a barrel.)
At this point a full scale American invasion would probably be seen as good news.
At least the US Navy would finally get in the fame, er..game here.
The Army has been leading this war effort for more than a decade now.
I'm sure the Marines are chomping at the bit after the whole non-Syria thingy.
Greatest scam women ever pulled on men was convincing men that having sex with them was a chore. Lucky for them, most men are too desperate and stupid to figure it out...
... and some men are too rich and too drunk to care ...
You must be hanging with the wrong kinda women. A chore, I'll show you chore... Make me a samich and be quick about it. And wear the heels while yer doin it. ;-)
+1 Dr Engali
Just returned from Rio. Less prostitutes than 25 years ago. Economy better. BRIC nation now.
The major nightclub at that time (25 years ago) was called Help, since closed and now being renovated as the Museum of Soul. Scores of beautiful and sexy programas frequented Help disco then. Lots of nice girls too, looking for help to pay the bills. They hoped to catch the eye of a generous guy. A generous guy with an open heart and a willing wallet. Could you blame them?
Now a gringo with a credit card can skip Help and go to Scort and DivasRJ and hook up with beautiful escorts and models and negotiate for something more. Maybe even arrange a rendezvous before arriving.
But Rio is very expensive now. Times have changed. Brazil is part of the emerging
BRICS nations. Gas is about $4 a gallon and a new car costs about twice what a similar
model would in America. The new Ducati 1200 CC motorcycle here is priced at 105,000
Reis or $45,000 dollars. Stateside MSRP on that same Ducati is less than 15 grand.
As the economy booms, working girls costs more. Simple fact, from the goldfields of 1849, to the North Slope and the oil fields of the Dakotas today.
We pay a high price for pussy, in more ways than one.
AC not PC
It's simple supply and demand. Your average American girl is now a landwhale and proud of it. So there is a drastically reduced supply of desireable while the population of men grows.
God bless the game of soccer. (no female can be a landwhale and a soccer player simultaneously)
Not sure on how 'well' Brasil is doing...
.
USA - 330,000,000 (pop.) and 20,000 gun related/violent crimes
Brasil -200,000,000 and 50,000 gun related/violent crimes
.
http://www.zerohedge.com/news/2014-06-09/meanwhile-brazil-three-days-wor...
.
http://henrymakow.com/2013/06/sao-paulo-riots.html
Nice to see someone who knows how BraSilians spell their country's name properly. Milestones
Programas = Garotas de Programa
In case anyone is wondering
I also struggle with the translation of Garotas de Programa. It's sort of translated to 'women on a schedule', or women for a specific time. It's sort of like 'turning tricks'
The original HFT traders?
Bashful Betty, such a bondage brat
Dressed in latex a coated sewage rat
A serpents tongue, calculating mind
Gets top billing for her hip shake divine
Look to the sky
No rain in sight
Better wear your rubber boys
If Betty is your date tonight
Honey, its how ya makin' money
Boys call ya "hell on high heels"
Baby, the way ya walk it, talk it
Town calls ya "hell on high heels"
Sexy Suki, little geisha girl
Given every samurai a twirl
An HIV V.I.P.
Backseat panties down around her knees
Shes ain't got no money
Cant pay the rent
Its a sunny day now baby
Every night on her back thats spent
Honey, its how ya makin' money
Boys call ya "hell on high heels"
Baby, the way ya walk it, talk it
Town calls ya "hell on high heels"
Honey, its how ya makin' money
Boys call ya "hell on high heels"
Baby, the way ya walk it, talk it
Town calls ya "hell on high heels"
Honey, its how ya makin' money
Boys call ya "hell on high heels"
Baby, the way ya walk it, talk it
Town calls ya "hell on high heels"
Oh baby, nice shoes
Meh. All I get is "I'm bored" and "meet me at website so and so."
A fistul of greenbacks and all the AIDS you can eat.
Just make sure the donut is flush.
<< A prostitute in the family
<< A starving infant in the family
Lots of prostitutes in lots of families. They just don't always carry the label.
In a similarly succint manner, the late Easy E of the popular rhyming troupe Niggaz With Attitudes once caddishly postulated, "women ain't nuttin' but bitchez and ho's".
He also said, "I may be a woman beater but I'm not a pussy eater".
He was quite prolific in selecting his subject matter, indeed.
"caddishly postulated."
Who says Melville is no longer read?
Must you hack my Kindle constantly, O NSA?
And Easy E is enjoying life where right now? Oh, he's dead? How'd that happen to such a fine young man? (I am inclined to believe Easy E was largely a product of the environment he grew up in)
secret service will need to put in for a raise... a cost of living adjustment.... for more expensive hookers.
Remember Oct, 2012:
http://www.cnn.com/2012/10/19/us/secret-service-prostitution-scandal/
doop
"I might be a woman beater, but I'm not a pussy, either".
You just blew my mind.
Truly, not since Lewis Carol (sp.) has an auteur achieved such playful mastery of dual-entendre. I have good word that he also occasionally spelt his moniker "E-Z", frequently deleting the hyphen altogether. Now, there's Moxy!
I wore out a copy each of Eazy Duz It and Straight Outta Compton back in the late '80s and consequently wore myself out on rap music.
"Lots of prostitutes in lots of families. They just don't always carry the label."
Even to themselves
Where do you think the infant came from?
Honey into money.
Women have become century old entrepreneurs. Cum get a snack boys.
durden the pious. socialism at work, whatever.
Some capitalists are sooooooo innovative that they can throw off the shackles of government and become pure capitalists!!! They buy and sell whatever they want - legislation, politicians, congress, governments, oppositions, media, Facebook likes, Google rankings, countries ...
The loser capitalists complain because they aren't innovative enough. They're not prepared to do what it takes. They're too dumb and lazy, always expecting someone else to get rid of the government for them ...
Correct me if I'm wrong - I've never been to Venezuela so I truly don't know - but didn't the hookers have to either ignore the law or buy the law before they became successful?
It's legal there. Can't you read? Thank a (unionised) teacher.
Whoops! Thank you for letting me know. I had another look to check because I obviously need the practise.
He was referring to the general collapse of their economy, shortages, toilet-paper currency, rising poverty and crime, sky-high inflation, etc. as the work of socialism
Not the prostitution
We loathe socialist buzzsaw.
A prostitute moonlighting as a currency trader, that comparison is "soooooooooooo disrespectful to prostitutes..........!!"
Bitch's ditches, bitchez!
It's Christmas! Can he unwrap his "package" now? Oh please, oh please, oh please?
Barry sees' his first pussy - OMG
Are you sure that's pussy and not sausage?
shit, I didn't look too long at that and missed the hairy legs. my bad.
Barry's mouth assumes the position.
Nice one! First chuckle of the week.
No man should be judged by where his dick goes. Thats like blaming a compass for pointing north, for christs sake.
Unless it points south, in which case it's a broken compass
Lucy don't like to get laid
But in USD she's getting paid
So she'll do a quick job
On Richard or Bob
Followed up with a juicy spot trade
It appears that hookers bring out a poet in some men.
Well, the 'lou reed', if not the 'poet'.
Hugo Chavez supplied oil through Joe Kennedy http://www.citizensenergy.com/assistance-programs/joe-4-oil
http://www.bloomberg.com/news/2013-03-06/chavez-s-692-bond-gain-seen-liv...
I DON'T UNDERSTAND prostitutes 1100% BOND HOLDERS 692% can more than double their earnings by moonlighting as currency traders is WHAT EXACTLY IS HEGEMONIC MORTALITY?
Moar Moar USA USA USA
Clearly the author is confused about what to call incompetent corrupt government....
It sure as hell ain't socialism....
You forgot the <sarc> tag
Not at all...
Yeah I figured. Have you ever been to Venezuela (recently)?
Have you ever been to a social democracy?
Democracies don't stay very 'social' very long.
That would explain those totalitarian Nordic states...
Money is slavery. Ask these girls, and then you will see the truth.
In the next 10 years you are going to see prostitution growing fast in the USA...all the young illegals are used to it...and it will be their first job here in the good ole USA...pays more than 15 and hour too....
shit just check your local craiglist or backpage.com ...it's already an epidemic.
This isn't (democratic) socialism at work. This is dicatorship at work.
Maduro isn't a dictator, the unwashed masses of poor in Venezuela keep voting for the socialist party, fair and square...although granted the socialists barely won the last election. They squeaked by. This is absolutely the result of socialist policy. Price controls, exchange controls, massive social spending, nationalizations, etc. and the resulting dislocations and slow-motion economic collapse are all hallmarks of hard socialism.
Exactly how do you have socialism - ie, the government control of production - without dictatorship?
You don't...but the Fabian Socialists are still trying to refine it through technocrats and academia.
Of course, whether many or one, it still looks the same to the oppressed with the proceeds flowing toward them, not us.
now wait just a minute. hasn't venezuela switched to rembini and euro yet? how come the dollar is still king? something doesn't add up!
can you catch a CDO dealing with hooker traders?
I like the part about "turning Venezuela into a two-tier society like the Soviet Union and Cuba" -- like the US is NOT...
The Venezuela hookers look better than the Fx traders. But I don't agree on the affirmation that they make more money.