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Biblical History

Another important fact to keep in mind, to better understand the events following the departure of Israel from slavery in Egypt, is that much of what has been called as a the land promised belonged by right of conquest, the posterity of Canaan. to this important group of people, this civilization, was closely related with their Creator, and in my day, many prophets who instructed and ministered to his people, enjoyed the recognition and appreciation throughout the world which is moving ALS. a return, then, to tell them about the debt of gratitude, that my father Abraham, contracted with the offspring of Canaan. a In reading this story, we learn many things related to the nobility of heart of the Canaanites, read: a Fue Sara’s life one hundred twenty-seven years, so many were the years of the life of Sarah. a And Sarah died in Kirjatharba, which is Hebron in the land of Canaan, and Abraham came to mourn for Sarah and to weep. a And Abraham rose up from before his dead, and spoke with the sons of Heth, saying, I am stranger and a sojourner among you, give me property for burial among you, and bury my dead in front of me. And the children of Heth to Abraham, and said: a Hear us, my lord, you are a prince of God among us, in the best of our sepulchres bury your dead, none of us will deny his grave, or prevent you bury your dead. a And Abraham rose and bowed to the people of that land, the Hittites, and spoke to them saying: If ye will that I bury my dead from before me, hear me and entreat for me with Ephron son of Zohar, to give me the cave of Machpelah, which is the end of his field, who for the right price give me for a possession of burial among you.

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The Multiplier

The prices in local currency (bolivar), services from abroad will increase (more inflation). a 3) Production costs of those companies whose raw materials are imported will increase, so if companies want to maintain their margin move that increase costs and prices through to the ultimate purchaser (plus inflation). a 4) Expenditures financial companies that have foreign currency loans will increase, this increase in financial costs, prices will move consumers if the company wants to maintain its margin (plus inflation). a 5) Given that the devaluation encourages exports, the increase in these, generate a higher level of currency and thus the central bank to purchase a return emitting part Bs (monetary base), which through the multiplier effect will increase the amount of money and, therefore, inflacion.

6) In addition to an increase of exports (increase of aggregate demand) will generate a larger effort on the productive (aggregate supply), which also tend to stress prices (plus inflation). Of course, as reference was made, the devaluation will generate serious problems and as indicated by the source indicated will have strong redistributive effects, harming those who have debts in dollars, real, euros, etc. to which they must convert now Bs before the devaluation to pay such debts and creditors benefiting dollars now receive more pesos. In the case of the Venezuelan government debt, much of it nominated in foreign currency, the devaluation will have a negative impact on the fiscal deficit a “increases the interest burden expressed in currency domesticaa ” and future funding needs .

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