PUERTO PADRE, Cuba.- Listening to the triumphalist, braggart or whiny words, always rhetorical, with a lot of talk and little or no results that the brothers Fidel and Raúl Castro and their tribe repeated year after year – which is the same vain speech that Miguel Díaz-Canel and his brotherhood now repeat in the so-called “National Assembly of People’s Power”where we Cubans have so little power that not even a little bit of it reaches through the so-called “deputies” who are supposed to present citizen complaints, protections for violated civil, economic and political rights, but, instead of the hoarse demanding voice, many have sore hands from applauding so much dung – I turned off the television and went to the bookshelf.
Mysteries…! Now Cuba has no one to help it? lend money…? Well, it seems so. As I began to leaf through a book, I came across Resolution No. 2 of September 17, 1960, “Nationalization of American Banks,” a book that I put back in its place because it was toxic, but then I had to pick it up again despite the poison, because when I looked for something milder, more innocuous in my old American magazines, Life and Selectionsand who knows, in one Reader´s Digest In 1956 I read an announcement that, come on… How much Díaz-Canel, Manuel Marrero and his ministers and all Cubans would like to turn to him today, if they could! But no. They can’t.
The most fertile Cuba
Following Fidel and Raúl Castro on September 17, 1960, the Cubans broke the neck of the goose that laid the golden eggs, and now, in Cuba there is no sugar, no coffee, no cattle, no food, there is nothing, because There is no bank to borrow money from to invest in land or sea, to start producing food right now in… the fertile Cuba.
Well, let’s go back to the beginning. Well, it turns out that in the old Reader´s Digest I came across an advertisement for The First National Bank of Bostonentitled: “The most abundant Cuba, supplier of the world”, where he said a whopping 67 years ago that “the vigor and prolixity of resources of Cuban companies” had turned this flourishing republic into one of the world’s main producers of sugar and tobacco.
“Its numerous plantations supply a quarter of the world’s sugar production. And the sweet aroma of the excellent Havana tobacco has won the enthusiastic acclaim of smokers in all climates,” the advertisement said, stating:
“To meet the growing banking needs of the Cuban industry, The First National Bank of Boston “The Bank has long maintained offices in Havana, Santiago, Cienfuegos and Sancti Spíritus. Thus, this Bank has enjoyed for many years a cordial association with Cuba and its friendly citizens.”
If there was a branch…
Listen to me… How much the communists today would like to have a branch of the Bank of Boston!
Yes, in at least one of those four provinces that the American financial company promoted in 1956, and which claimed to have “enjoyed for many years a cordial association with Cuba and its friendly citizens.”
But it is not possible in the current circumstances of a totalitarian regime, such as the Castro-communist one, because according to the old biblical adage, he who lives by iron, dies by iron.
And now the economy Cuba is dying not because, as some say, Miguel Díaz-Canel stopped doing this and did that wrong.
No, don’t be fooled! The Cuban economy began to die on May 17, 1959, when Fidel Castro, following his communist ideas, those of Raúl Castro, Che Guevara and his comrades and ignoring the advice of his own ministers, including the warnings of the Minister of Agriculture Humberto Sorí Marín, who would end up shot, promulgated the so-called First Agrarian Reform Lawwhich instead of eliminating unproductive large estates, nationalized and monopolized agricultural production in Cuba, eliminating rural property, the sugar and agricultural agro-industry and, in short, the market economy.
Banks without money
The communists, with their banks out of money and with the Cuban peso depreciated like never before in history, do not have private banks on Cuban soil to turn to, neither Cuban nor American, as once existed.
If by Resolution No. 2 of September 17, 1960, “Nationalization of American banks” All the assets, rights and shares of the banks were forcibly expropriated and awarded to the State. The First National City Bank of New York, The First National City Bank of Boston and The Chase Manhattan BankShortly thereafter, on October 13, 1960, through Law No. 891, the forced expropriation and adjudication in favor of the State of “all national private banking companies, whether deposit and credit banks, mortgage banks, or development and promotion banks, as well as all assets, rights and shares belonging to banking companies located in the national territory, including their bank accounts and deposits abroad” was ordered.
It was an act of dispossession that is reminiscent of an armed robbery that still has significance today.
And the impact of the banking escalation by the Castro-communist regime has not only been economic, seen in the credit and investment panorama today, but also of moral discredit, of business and citizen distrust towards a financial system in which, if anyone ever believed, today it is not possible to believe in it even with a capital of illusion, like that which Díaz-Canel and his ministers want to sell to us Cubans. Poor Cuba, destitute with very fertile soil.
OPINION ARTICLE
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