"I dropped my Kindle reader and broke it," he reports. "I wanted to order another one from Amazon. But the government just announced a 50% import tax. That's in addition to the 35% penalty I would pay on credit card purchases from overseas. You also have to go to [an office of the tax collector] and wait for hours to do the paperwork. It's not worth that much."
"This is just the beginning," Miguel continues. "We're headed into another real crisis. The people are restless and the government is desperate. We've got major union negotiations coming up. It wouldn't be at all surprising to see riots...looting...and some kind of bankruptcy or default."