Why is the Haitian dollar excessively devaluated?

Flo - September 25 2007, 2:04 PM

Why is there an excessive devaluation of the Haitian money?

giving foreign companies "un pied" in Haiti thus paying Haitians citizens an equivalent of 37$ US dollars per month which is about 200$ Haitian dollars.

Why can't Haiti demand that their workers are paid 200$ US dollars per month in American money or its equivalent in Haitian dollars?

Perhaps the president should read "Confessions of an economic hit man"by John Perkins, He was a professional who helped the U.S. cheat poor countries around the globe.

www.democracynow.org/article.

Perhaps the president will avoid the pitfalls of the IMF and world bank (instruments of the US government) Designed to keep other countries poor, while raping their natural resources and devaluating their money.

(specially Lating America).

I also recommend "Nemesis" by Chalmers Johnson.

The book explained what the American Empire have been up to. The US $ is no longer backed by gold but "oil sovereignty" If they go bankrupt Haiti will loose a lot of financial aid. We need to have a market and trade with other countries specifically Canada.

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Comments

Flo says...

SORRY I MEANT DEVALUED! more »

Flo says...

SORRY I MEANT DEVALUED! more »

Ronald Guillaume says...

Things to remember my friend.We still have the name of a Nation even we're running late,I consider myself great and... more »

Max Johnson Fgb says...

A lot of people don't realize it, but the devaluation of our currency plays a big part in our current misery. Western... more »

Flo says...

I was not aware Haiti had fallen for that IMF trap by taking a loan with interest that we cannot repay then the... more »

Flo says...

We need to look closer such as the Canadian Franc. The US dollar is no longer backed by gold its backed by oil... more »

Ronald Guillaume says...

What are you talking about,seems like you have also trapped in their games.You should that the G8 has no other policy... more »

Djakut says...

Parce que vous ne produisez rien et vous importez tout. more »