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#4832: exchange rate & houses (fwd)
From:PPARYSKI@aol.com
In response to the anonymous posting on house building:
It is clear that a great deal of money is being spent on builidng extravagent
houses. Most of these houses are built by Haiti's new drug lords. But if
indeed this is an investment it is hardly a productive investment that
increases the capacity of the country to be self sufficient. It is rather
short-term money laudering and reveling in new found riches. Actually the
amount of new luxury construction in Haiti since 1990 is staggering (although
nothing in comparison to exported capital) and a symptom of something gravely
amiss in such a poor and oppressed country.
Paul Paryski