Saturday, May 5th 2012 - 06:41 UTC

Cristina Fernandez enacts YPF nationalization and oil and gas self-sufficiency law

Argentine President Cristina Fernández enacted the YPF nationalization law, which was approved by the Lower House on Thursday. During a nation-wide televised speech from Government House, the Head of State also introduced the company’s new CEO, oil engineer Miguel Galuccio.

“History has been very generous with me”, said the Argentine president

Escorted by members of government, governors, businesspeople, union leaders and political leaders, and in the midst of cheers, applause and singing, the Argentine president signed the expropriation bill which also declares of public interest the country’s hydrocarbons self-sufficiency.

“This is a special day: one I never thought would live as President. History has been very generous with me. A few moments ago I signed the enacting of the law, which was approved by a very ample margin at Congress. I want to thank opposition lawmakers who supported this project as a whole, which aims to recover our oil” a visibly moved Fernández said.

“The law was approved by the widest margin since 2003. I also want to particularly thank the Victory Front and our lawmakers for supporting this law. We need, as I said yesterday, a modern and competitive YPF, aligned with the country's interests and that guarantees self-sufficiency of oil for Argentina,” she continued.

The President also stressed the fact that the nationalization of YPF will need an important commitment of all oil and gas companies. Those are basic resources that help create competitivity to all Argentine production. Oil goes through all sectors. We must be very efficient in the Management of the company, so we can prove that the state can administrate correctly...”

Following the seizure YPF shares are split among the national government (26.03%); the Petersen group belonging to the Eskenazy family (very close to the Kirchners) (25.46%); the Argentine oil provinces (24.995); Repsol (6.43%) and the remaining 17% which will continue to be traded in the Buenos Aires and New York stock exchanges.

111 comments Feed

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1 Think (#) May 05th, 2012 - 07:17 am Report abuse
Good news.........
2 Skåre (#) May 05th, 2012 - 07:59 am Report abuse
Argentina's new law on self-destruction and international isolation is now enacted. May Argentina rot in a hell of its own making.
3 MurkyThink (#) May 05th, 2012 - 08:12 am Report abuse
/ 2

Mexico -- Algeria--Nigeria--Venezuela -- UAE have their national oil companies...isolated from the world ?
4 Skåre (#) May 05th, 2012 - 08:14 am Report abuse
@3 MurkyThink

Venezuela increasingly is - but I notice you ignore the crucial difference in how the others went about nationalising their oil companies .. or is that crucial distinction too much for that little brain of yours to process?
5 Guzz (#) May 05th, 2012 - 08:19 am Report abuse
You collected the fruits of 70 years of socialism, now you want to deny SA the same right? For 600 years somebody always had a great excuse as for why they should own our resources. We, as a continent, are done with that, want a trade bloc? Speak to Mercosur...
6 Skåre (#) May 05th, 2012 - 08:22 am Report abuse
@5 Guzz

600 years? I can see your knowledge of history is as revisionist as every other Argentinian retard.
7 Guzz (#) May 05th, 2012 - 08:29 am Report abuse
I am sorry to have taken your time, I thought you weren't a pistolero...
As your rethoric is equivalent as one of 8 years of age, and the fact that my fuse is short, I will not bother you again...
8 Skåre (#) May 05th, 2012 - 08:30 am Report abuse
@7 Guzz

You are welcome. I am always happy to intimidate another clueless propagandist into submission.
9 MurkyThink (#) May 05th, 2012 - 08:33 am Report abuse
/ 4
Remember the Argentina near past econo politic history..where Menem period privatized all things later on made increasing of the country's ratin up until 2001 finally caused to bust ............

Argentina government is even too late to nationalize them.!
10 Skåre (#) May 05th, 2012 - 08:37 am Report abuse
@9 MurkyThink

And again in ENGLISH, please?
11 Guzz (#) May 05th, 2012 - 08:42 am Report abuse
Leave him be, scandi troll whose only argument is to scream loud. Those types that would offer anyones life for the world he believes in, except his own...
12 Skåre (#) May 05th, 2012 - 08:47 am Report abuse
@11 Guzz

Spoken like the true little Argitard sock-puppet that you are :)
13 MurkyThink (#) May 05th, 2012 - 08:50 am Report abuse
/ 10
sorry to false English in written word --ratin-- instead of -- rating--!
excuse again.. forgive me !


/ 11
i we test him about Norway ?
14 Skåre (#) May 05th, 2012 - 08:55 am Report abuse
@13 MurkyThink

One Norway test has already humiliated you - I really wouldn't be so cruel as to put you through that again you poor silly little backwards boy.
15 Guzz (#) May 05th, 2012 - 08:55 am Report abuse
Try Quisling, or Breivik, for younger readers... :)
16 Skåre (#) May 05th, 2012 - 09:02 am Report abuse
@15 Guzz

Still looking for that remaining .001 IQ score of yours, I see.
17 MurkyThink (#) May 05th, 2012 - 09:03 am Report abuse
/ 14
No insulting please..did i call you as a Norvegian salmon fish ?!


/ 15
the meaning of his name is -- army-- in Norvegian language
probably ,the reason from his weapons addiction.
18 LEPRecon (#) May 05th, 2012 - 09:07 am Report abuse
“History has been very generous with me”, said the Argentine president.

Lady, history has even got started on you. You will be known as the petty mad dictator who dragged Argentina back into the dark ages of dictatorship. You will be known as the erratic President who humiliated Argentina constantly on the international stage. You will be known as the President who stole YOUR people's pensions, destroyed YOUR countries economy and made a MOCKERY of YOUR countries laws and constitution.

You will be known as the 'Emelda Marcos' of Argentina - but perhaps with slightly fewer shoes.

Yup, CFK history is just starting with you.
19 Skåre (#) May 05th, 2012 - 09:09 am Report abuse
@17 MurkyThink

I really wouldn't know what you called me in that stream of incomprehensible gibberish of yours.

As for the 'army' comment: iIt is reassuring that your grasp of Norwegian is even worse than your grasp of English. No, that isn't actually reassuring - it is bloody scary and bordering on the impossible.
20 Think (#) May 05th, 2012 - 09:26 am Report abuse
(15) Guzz
Dig og Skåre kunne lige så godt fortsætte jeres lille skænderi på Dansk….
Han er jo halv Jyde…..
21 Guzz (#) May 05th, 2012 - 09:28 am Report abuse
Norwiegan is like ill-spoken swedish, typed it's ill-written danish, i think “skåre” is the reference to the missing inch...
Anyhow, do like the rest of the world, disregard him
22 Skåre (#) May 05th, 2012 - 09:32 am Report abuse
@21 Guzz

So you are actually talking to your own tragic sock-puppets? You really must be lonely.

@20 Think

Jeg er ikke halvjyde. Intet præmie til dig.
23 MurkyThink (#) May 05th, 2012 - 09:44 am Report abuse
/ 21
We cant say Norway is more fairly than some other countries..where spies--agents beehive.
24 Think (#) May 05th, 2012 - 09:47 am Report abuse
(22) Skåre (Fra Djævleøen Sjæland)

Just teasing you to extract some bits of information in case I have to call Nils Haugstveit and ask him to keep an eye on you.
You know…………….. Utøya has shaken some sensibilities....
People threatening Ragnarok on Internet do get more attention these days...........
25 Skåre (#) May 05th, 2012 - 09:48 am Report abuse
@23 MurkyThink

You really are struggling with this English language thing :)
26 MurkyThink (#) May 05th, 2012 - 09:53 am Report abuse
/ 25
sorry..sorry ...very sorry ..for my false writing ( spies-- agents ) instead of writing ( infiltrators -- spooks -- beagles -- emissaries )

excuse again...forgive me !
27 Skåre (#) May 05th, 2012 - 09:58 am Report abuse
@24 Think

Sjælland? Du prygler sgu i mørket nu. Der er kun 405 andre øer at gætte på. Ha' lidt selvrespekt, eller har det argentinske lorthul virkelig nedsat dig til det her? :)

[Zealand? You really are thrashing around in the ******* darkness now. There are only another 405 other islands to guess at. Have a little self-respect, or has the the Argentine shithole really reduced you to this?]
28 Guzz (#) May 05th, 2012 - 09:58 am Report abuse
MurkyThink I don't think you need to worry about your english, even if they understand the words, they will never understand the point...
He doesn't care about your arguments, he just wants to upset you
29 Skåre (#) May 05th, 2012 - 10:03 am Report abuse
@28 Guzz

I would happily debate if MurkyThink was anything other than a snivelling racist troll; but he isn't, so I will just laugh at him and his crass inability to communicate in English.
30 MurkyThink (#) May 05th, 2012 - 10:11 am Report abuse
/ 29
Do you know the shop names behind the Oslo harbour ?
31 Think (#) May 05th, 2012 - 10:12 am Report abuse
(27) Skåre

1) Så er det kun 70 beboede danske øer tilbage, lille du….
2) Og det staves ”Lortehul”

Anyhow….. how many Dano-Norwegian merchant fleet officers that live in Bodø and have worked in Retiro do you know?
Thought so……….

Chuckle chuckle©
32 Skåre (#) May 05th, 2012 - 10:16 am Report abuse
@31 Think

1) Wrong
2) Wrong

Better luck next time, Nazi boy
33 Think (#) May 05th, 2012 - 10:31 am Report abuse
(32) Skåre

1) Correct √, 72 Habitated Islands

2) Correct √, ”Lortehul” is spelled with an ”e”, like in :”Lortehul”….
Ask any real Dane :-)

You write about nukeing whole Countries and call me Nazi?
Hvem har tissed på din sukkermad, knægt?
34 Skåre (#) May 05th, 2012 - 10:37 am Report abuse
@33 Think

1) So you are wrong. Depending on which source there are 70 or 72 inhabited Danish islands. You had already named one, so that would leave another 71 or 69 .. not 70 you claimed. Don't they teach arithmetic in Argentinian schools .. or were you just too thick to keep up with the rest of the class?

2) You clearly don't know any Danes.

3) I have done the peaceful approach and have listened to racist warmongers like you bang on .. so if you don't like the prospect of the Argentine shithole getting nuked, you should perhaps look at your own language.

PS: Jeg har aldrig hævdet at bo i Bodø. Jeg sagde, at jeg var FRA Bodø (dvs. født og opvokset i Bodø). Kindly don't assume that we all have a background story that is based on the same transparent lies upon which yours is built.
35 Think (#) May 05th, 2012 - 11:06 am Report abuse
(34) Skåre

1) I’m still right.....
There are 72 inhabited islands in Denmark. That’s a geographical fact.
You said NO to being from Zealand, that leaves us with 71 inhabited Islands.
But, as one of those remaining 71 Islands is “Amager”, that for all practical purposes has been integrated to Zealand and Copenhagen since the Middle Ages, it effectively leaves us with just 70 Islands.....

2) Would you be so kind to point to any of my posts that can be interpreted as “Racist” or “Warmongering”?

3) I “Think”you are just sore because you haughtily asseverated that it was “impossible” that I was a Scandinavian because of my pro Argentinean opinions, and I have proven you wrong in each and every opportunity.
I even spell better than you in, at least, two Scandinavian languages ;-)

Now, with swedish Mr. Guzz, we are three Scandinavians in here and you are losing 2-1.
36 Skåre (#) May 05th, 2012 - 11:13 am Report abuse
Inventing new facts like all good Argentians do, eh?

Everything you (and all of your sock puppets) say is racist and warmongering .. but then ALL Swedes are Nazis and racists, so there is nothing new in that.

3-0 to me. Now go home, Nazi boy!
37 Guzz (#) May 05th, 2012 - 11:28 am Report abuse
I think the common scandinavian is a bit more intelligent than you give them credit. They know socialism brought them to where they are today, and most will respect theright to ones own natural resources, as they understand that keeping a society blood dependant as an excuse to have a military presence in the area is utterly wrong...
38 Think (#) May 05th, 2012 - 11:30 am Report abuse
(36)Skåre...., I’ll leave you with this words….:

”Given your latest nauseating “the only 'good' argie is a dead argie” comment, I will just let your racism speak for itself and leave it at that.
Humanity is ashamed of you.”

You recognize them?
You wrote them yourself….:

”67 Skåre (#) Apr 06th, 2012
Given your latest nauseating “the only 'good' argie is a dead argie” comment, I will just let your racism speak for itself and leave it at that.
Humanity is ashamed of you.”

And remember:
39 Skåre (#) May 05th, 2012 - 11:34 am Report abuse
@35 Think

If something is connected by bridges – and only by bridges – then it is an island and no amount of desperate Argie squirming can change that fact.

PS: .. and you can't spell in Danish, because anyone who can would know that it is “halvjyde”, not “halv Jyde”. So, since your written Swedish is even worse than your Danish, that leaves your linguistic claims in tatters and shamefully reliant on Google Translate :)

As for Guzz, you conveniently forget that you made the rather basic mistake earlier this morning and let Guzz address me with knowledge that only you had; thus proving that Guzz is just another of your many sock puppets and that you don't even have the wherewithal to keep track of which account you are logged into. It is of course far from the first time that you have fallen into that trap and exposed yourself as a fraud. It is a clear fail of Basic Suck Puppetry 101.

@37 Guzz

Well, you clearly aren't so clever if you don't grasp just how comprehensively you have been busted as another of Think's (oh the irony of that name) sock puppets :)

As for the “blood dependant” argument, I have never heard of anything so demonstrably bizarre and untrue. There is no attempt to keep the islands blood dependant .. in fact, the islands are demonstrably very diverse.
40 Leiard (#) May 05th, 2012 - 11:49 am Report abuse

you keep using this “blood dependant” nonsense as an argument.
41 Skåre (#) May 05th, 2012 - 11:51 am Report abuse
@38 Think

As I said earlier, I am the first to admit that it is the racist warmongering likes of yourself and all the Argentinians who come here have radicalised me .. especially so with the sight of lowlife Argentine filth justifying the desecration of a war memorial. I have tried the peaceful reasonable approach and it clearly a waste of time, so now I don't really give a damn what happens to to Argentina for as long as scum like you are around and the country allows itself to be ruled by Kirchner’s old saggy whore.

As for the rest: yes, dear. Whatever, dear. Three bags full, dear.
42 Guzz (#) May 05th, 2012 - 11:57 am Report abuse
With 3000 people (and even less before) it's just not enough to upkeep a healthy people. You might know a lot about death, but about life you are dimwits. Of course they are blood dependant...
43 Skåre (#) May 05th, 2012 - 11:59 am Report abuse
@42 Guzz

It is when the population has grown 50% in the last 30 years. It is relying on Argentine propaganda that isn't healthy.

You really are a cretin.
44 Leiard (#) May 05th, 2012 - 12:15 pm Report abuse
as is usual your facts are flawed, the general genetic consensus is that 160 people would be enough (80 males + 80 females)
45 Guzz (#) May 05th, 2012 - 12:24 pm Report abuse
That would (maybe) be under perfect circumstances, providing an equal amount of male and female are born, and the fact that they are force-breed (like the term? i dont...) with eachother in order to continue a healthy bloodline. As it is now, not many youths return after leaving for studies in england, i assume, nor does everybody has 7 children. Correct me if I'm wrong...
46 Skåre (#) May 05th, 2012 - 12:27 pm Report abuse
@44 Leiard

160? Jesus, that explains what went wrong with the Swedo-Nazi gene pool then.

There are 24000 islands off the coast of Sweden. 1,000 inhabited and 99% of the 1,000 have a population of only a small fraction of the 160 population required for genetic diversity :)
47 ChrisR (#) May 05th, 2012 - 12:42 pm Report abuse
Well the two prime examples of Argie manhood:

'I don't Think' the one with the turnip fettish and a subsription to the UK Sun newspaper and the other astounding example 'Guzz-lighthead' the wanabee Marine Engineer who is so ashamed of being an Argie he claims to be Urguayo!

Out of a job at the moment GL? You must be because I am retired and I do not have the time to keep up the entries.

Got a new watch yet 'I don't Think' or are you still fantasizing about the old Ex-Frendch L26 made by Russia that has run perfectly since 1956 without servicing?

Ha, ha, ha, pair of twats.
48 Brit Bob (#) May 05th, 2012 - 12:59 pm Report abuse
“History has been very generous with me,” said Adolf Hitler after he successfully invaded France and the low countries in 1940.
49 Max (#) May 05th, 2012 - 01:15 pm Report abuse
& 46

Your writing style and metality is as similar as Chicureo does?
a man who see dolphins at Patagonya shores, don't tell us you saw turtles at the Norway fjords.!
50 Skåre (#) May 05th, 2012 - 01:27 pm Report abuse
@49 Max

And your writing style and mentality are as illiterate as your fellow sock puppets. Your point is?
51 Chicureo (#) May 05th, 2012 - 02:31 pm Report abuse
Dear Max,

You somehow forgot the baby harp seal slaughter, the whale hunt, unregulated dog fighting sport, the child labor at the toxic waste dumps in Patagonia, legislative proposal for necrophilia, high speed Chinese trains and Tupolev airliners servicing flights to Mount Pleasant.
52 Brit Bob (#) May 05th, 2012 - 02:40 pm Report abuse
The World is littered with the wrecks of nationalised companies. The companies end up top heavy with employees, regulations, government interference and ultimately fail. CFK and her cronies will have their work cut out to run a successful company especially when they are making an ar*e of running the Argentine economy currently languishing in 100th place in the Worldwide Index of Currupt nations. And guess where all of the YPF money will go...
53 Chicureo (#) May 05th, 2012 - 02:58 pm Report abuse
#52 Brit Bob:
YPF does not need to be profitable, it just needs to produce revenue to fuel the CFK Peronist populism to support the “common people” against “the elite”.
(All the money will be “shared” ...)
It will take several years of abuse before YPF is bankrupted and they’ll just blame it on someone else. (Just as in the past…)
54 Marcos Alejandro (#) May 05th, 2012 - 03:03 pm Report abuse
Are you a Brit whose wife left you for an Argentinean?
You clearly sound like one.
55 skåre (#) May 05th, 2012 - 03:19 pm Report abuse
@54 Marcos Alejandro

And you sound just as stupid, illiterate and impotent as all your other sock puppets. Your point is?
56 Brit Bob (#) May 05th, 2012 - 03:24 pm Report abuse
@54 Marcos

I think you are a realist and having problems defending CFK.
57 Marcos Alejandro (#) May 05th, 2012 - 03:36 pm Report abuse
440,796 hits in a couple of days, amazing! :-))
58 Brit Bob (#) May 05th, 2012 - 03:45 pm Report abuse

But ask yourself this, how many of the 440,796 were disgusted?

99% ?
59 Marcos Alejandro (#) May 05th, 2012 - 03:51 pm Report abuse
No just a few Brits.
60 Chicureo (#) May 05th, 2012 - 03:51 pm Report abuse
Let me defend your beloved Cristina... Well for one thing, CFK's theft of YPF is brilliant when you examine the results: The 26% of the YPF shares supposedly controlled by the Petersen group are leveraged against debt that the group cannot pay. (Somehow I think the CFK attorney has worked out a compromise with the Eskenazy family...)

Although she’s making incredible short term gains, by nationalizing foreign investments in her country, her uncontrolled and insane governance is destroying the economy of one of the richest nations on earth. But who cares?
61 stick up your junta (#) May 05th, 2012 - 03:53 pm Report abuse
not that many hits but more entertaing :-)))))

Argentine Surrender Falklands War 1982
62 Simon68 (#) May 05th, 2012 - 03:54 pm Report abuse
60 Chicureo (#)
May 05th, 2012 - 03:51 pm

I do for one.
63 skåre (#) May 05th, 2012 - 04:00 pm Report abuse
@57 Marcos Alejandro

haha .. and the sad Argitard cowards are even having to moderate the comments because they can't handle all the abuse they are getting for their lowlife antics. Talk about self-defeating propaganda :)

The Islander's version is far superior though and you can certainly see why the Argitards are jealous of such a beautiful place
64 Think (#) May 05th, 2012 - 04:21 pm Report abuse
60 Chicureo

Let me present you to somebody that can help you defend your beloved Cristina........

A man of your liking....
Winner of the Nobel Prize of Economics 2008

……articles about Argentina are almost always very negative in tone — they’re irresponsible, they’re renationalizing some industries, they talk populist, so they must be going very badly. Never mind this:

Chuckle chuckle©
65 Brit Bob (#) May 05th, 2012 - 04:32 pm Report abuse
@59 Locust

The Argentine Republic is currently languishing in the red zone in 100th place in the Worldwide corruption index well below Chile and Uruguay this means that they are good at telling lies, cheating and duping their subjects on all aspects especially history.
66 Chicureo (#) May 05th, 2012 - 04:35 pm Report abuse
#62 And I'm sorry for your nation Simon. The bright news: I think possibly that even with CFK's reckless governance and policy to antagonize foreign investors, Argentina will still experience strong economic growth on the basis of high prices for soy beans and other grains. The UE, WTO and other trade organizations will place some sanctions against Argentina, but China, as you well know, buys 75 percent of your soy production and will be there for whatever support you need. (Including the capital to develop the shale fields.) I just don't understand how you will be able to prop up your Peso for more than a year without a major devaluation. That will result in chaos.

In any case, Argentina has fallen behind more business-friendly countries such as Brazil, Chile and Peru. Sad, really sad.
67 Islander1 (#) May 05th, 2012 - 04:36 pm Report abuse
Thankfully I am not an Argentine tax payer - intersting YPF share allocation - lots of “dividends” to be spirited away into ofshore bank accounts for CFK, young tubby and their cronies over the next few years!
68 Think (#) May 05th, 2012 - 04:37 pm Report abuse
(57) Marcos Alejandro

446,204 hits right now........, amazing!

2.978 likes , 666 dislikes

Seems to be that even some Kelpers like our video :-)
69 skåre (#) May 05th, 2012 - 04:39 pm Report abuse
Oh dear. Paul Krugman kind of lost all his credibility though. Is there really nothing more convincing?

70 Think (#) May 05th, 2012 - 04:46 pm Report abuse
(66) Chicureo

You say:
“Argentina has fallen behind more business-friendly countries such as Brazil, Chile and Peru.”

This Winner of the Nobel Prize of Economics 2008 demostrated, the day before yesterday, the contrary:

Chuckle chuckle©
71 Chicureo (#) May 05th, 2012 - 04:47 pm Report abuse
I actually have read Krugman and have enjoyed, although not always agreed with, his articles.
There is one grave error in his comparison chart of Brazil and Argentina: The ”real GDP reported from Argentina is false. The IMF is working on more realistic economic numbers that will be released later this year. (Granted Argentina's recovery statistics since 2000 have been spectacular, but not as good as being reported, and you know it.)
72 skåre (#) May 05th, 2012 - 04:49 pm Report abuse
@70 Think

He didn't demonstrate anything of the sort. He made a claim which has largely been discredited. You really need to brush up on your propaganda skills, saddo.

_ _ _ _ _ _ _ _

Det eneste verre enn innavlede svenske: argentinske innavlede.
73 Guzz (#) May 05th, 2012 - 04:56 pm Report abuse
En riktig tokstolle, Breivik mellan rättegångarna :)
Du Breivik, vi vet allesamman att du är tokdum, men du åker dit ändå :)
Lär dig tala som pappa
74 Think (#) May 05th, 2012 - 04:57 pm Report abuse
(71) Chicureo

I don't wish to ruin your Schadenfreude but................ most of the numbers have been already corrected by the IMF........

Herewith a link to the FMI’s 2012 :”World Economic outlook”

It is a PDF file, so if some of you are interested to know ANYTHING about what the biggest, conservative an liberal ecomomic forum in the world ”Thinks” about argentina , just type ”ARGENTINA” in the search window and press ”ENTER”

The IMF staff is already using alternative measures of GDP growth for macroeconomic surveillance, including data produced by private analysts, which have shown significantly lower real GDP growth than the official data since 2008.
Nominal variables are deflated using the IMF staff’s estimate of average provincial inflation.

Chuckle chuckle
75 skåre (#) May 05th, 2012 - 05:08 pm Report abuse
@73 Jizz

Hey, Jizz, incredible as it seems for a sock puppet, your Swedish is even worse that Think's tragic half-baked Google Translate effort. Jævla Argentinsk retard :)
76 Chicureo (#) May 05th, 2012 - 05:20 pm Report abuse
Ok, I'll try.

Reading Krugman’s chart again and assuming the GDP adjusted for the inflation rate, my question to you THINK is which inflation rate is being used to correct that nominal rise in GDP? As you may admit, the Argentine government inflation statistics have been “questionable”, especially for what is really being reported on the ground in your country.*

If the real GDP figures have been adjusted using the official inflation figures then they are grossly overstating the economic growth. In fact, it’s entirely possible with the higher private estimations that there is no economic growth at all in Argentina. Even that the economy is shrinking. The gnomes in the IMF and World Bank still have not come to terms yet with the massive deception going on, which still is not as bad as what the Gringos did on Wall Street, but is reprehensible.

I ask you some very simple questions to reflect upon: Has the Argentinean government been playing with statistics? (Such as the price of a Mc Donalds Big Mac?) Has there been a restriction on private economists reporting independent inflation statistics about your country? What is the price you're paying for non-price subsidized goods compared to 12 months ago? I keep reading things like just two days ago, Télam reported ”Salaries had an average increase of 28.8% in March, compared to the same month in 2011. During the first quarter of this year they increased by 3.9% year-on-year, as reported the National Statistic Bureau INDEC.

So tell me please THINK, what do you estimate the real annual inflation rate for Argentina?

With respect,

(*FYI: There’s another good reason why inflation figures might get a little fudged: Argentina has issued bonds where the interest payment is supposed to vary with inflation. A lower reported rate means less interest needs to be paid of course.)
77 Leiard (#) May 05th, 2012 - 05:24 pm Report abuse
@45 Guzz

We are not actually talking about 160 people but 3000
78 skåre (#) May 05th, 2012 - 05:24 pm Report abuse
Amongst all other Scandinavians, the swedes already have a reputation for being dodgy and thicker than frozen pig-shit on a stick in deepest winter .. but it seems that emigrating to South America has the capacity to subject their already challenged intellect to perpetual absolute-zero conditions.

@76 Chicureo

You are wasting your time asking questions like that because 'Nazi Boy who can't Think for himself' wasn't actually provided with an appropriate prepared answer to cut'n'paste
79 Chicureo (#) May 05th, 2012 - 05:40 pm Report abuse
Thanks for the warning.

I read a quote from some South American Scandinavian describing his forebears with “outdated, cold warish tunnel vision is that us ”Lefties”, wearing our horned helmets, and will disembark from our longships on a cold moonless night at your shore and burn your farm, marry your sheep and roast your women.”

Frightening, until you realize my sheep are quite ugly and my women are extremely vicious. I'll help build the fire if they'll make the foolish attempt...
80 Max (#) May 05th, 2012 - 05:57 pm Report abuse
& 78

You mean Minnesota ? !
81 skåre (#) May 05th, 2012 - 06:01 pm Report abuse
@80 Max

No, at least the Minnesota swedes had the very good sense not to emigrate to a backwards hole that speaks Spanish
82 Max (#) May 05th, 2012 - 06:14 pm Report abuse
& 81

The Minnesota Swedes might think to emigrate anywhere even though backward becouse this State(Minnesota) has Job change (negative) - 21 % in the years of between 2001 -- 2011.
83 Guzz (#) May 05th, 2012 - 06:18 pm Report abuse
This is hilarious, craploads of military scum going TILT :)
84 skåre (#) May 05th, 2012 - 06:22 pm Report abuse
@82 Max


You can't even get to grips with English in your Max disguise .. anyway, I am feeling charitable so I will let you off and point out that even the economic indicators for Minnesota are massively better than those for poor old Argentina. In fact, it is one of the highest per capita GDP ranked states in the USA.
85 Think (#) May 05th, 2012 - 06:26 pm Report abuse
(76) Chicureo
You ask a lot of questions to a humble provinciano patagónico…..
I will try to answer them to the best of my primitive knowledge….:

Mr. Krugman has been spot on about Argentinean economy during the past many years.

He has repeatedly criticized the Argentinean authorities fiddling of the numbers and advised us to be “Nicer” and not so “Heterodox” the whole bloody time.

The above is enough, in my book, to respect and listen carefully to his opinions, despite him being a bloody Yankee Liberal….


1) Yes, the Argentinean government has been playing, fixing and fiddling with statistics……

2) No, there are no restrictions on private economists reporting independent inflation statistics about Argentina.
What they have is a legal obligation to openly show and explain how they calculate their inflation statistics.

3) I can’t tell you what I pay for things…. I live quite minimalistic…. But, objectively and subjectively one can not avoid seeing the BIG advances since 2003.

There is work…., there is money…., there is activity……

But, you surely know the Argentinean middle/high class...., they may have a little company, a couple of apartments, a couple of cars, a little summerhouse somewhere, three kids in a free university and they still complain that this Country is just trash and that they could live much better in Europe…
Well…………...........................… They couldn’t…..

4) My best estimate of last 12 months inflation would be around 20 ~ 25%. Is getting more expensive for foreigners, but normal workers seem to be keeping their living standard.

El Think

(79) Chicureo
I remember writing that piece!
I “Think” I was dialoguing with British Squatterette Isolde, a real vicious young woman who likes viejos verdes ;-)
86 skåre (#) May 05th, 2012 - 06:27 pm Report abuse
“Mr. Krugman has been spot on about Argentinean economy during the past many years. ”

87 Max (#) May 05th, 2012 - 06:34 pm Report abuse
& 84

You are just “ trash talker ” and “ pizza lover ” not anyother thing !
88 skåre (#) May 05th, 2012 - 06:36 pm Report abuse
@87 Max

No, I leave the trash talking to you and your multiple retarded online personalities, each of which is more stupid than the last.
89 Max (#) May 05th, 2012 - 06:47 pm Report abuse
& 88

You speak yourself at the comments @ 78 ..@79.. ?..(using mirror ?)
90 skåre (#) May 05th, 2012 - 06:49 pm Report abuse
@89 Max

Really? I guess you should have gone to Specsavers if that is what that pile of rot you call a brain is telling you.
91 Brit Bob (#) May 05th, 2012 - 07:11 pm Report abuse
Oh CFK, what happened to you Belgrano Football League. Get the nod for the go ahead from FIFA did you? Or was this another gigantic coc*-up?

With you in charge of Argentina, I can't wait to see what happens to YPF.
92 Chicureo (#) May 05th, 2012 - 07:20 pm Report abuse

I do not always agree with Krugman or the NYT, but I read them.

Everyone is criticizing the Argentinean authorities for playing games with the numbers. A very dangerous game...

I read in the media that Argentine economists were being threatened not to report independent inflation statistics about Argentina, but I'll take your word.

From my visits to your country, “there is work…., there is money…., there is activity”…… Agreed.

But, you surely know the “Argentinean middle/high class.... ...and they still complain that this Country is just trash and that they could live much better in Europe…” HAVE YOU BEEN LISTENING IN ON MY CONVERSATIONS? ...Because they have...

“My best estimate of last 12 months inflation would be around 20 ~ 25%. Is getting more expensive for foreigners...” Yes THINK, they are crying, especially the Americans...

Rate sounds a bit low, but considering restrictions/subsidies on energy costs and certain food items. Otherwise it should be about 5-7% higher

Anyway, have a good evening. I'll expect no longship attacks tonight as we have an especially bright moon.
93 Marcos Alejandro (#) May 05th, 2012 - 08:46 pm Report abuse
68 Think

Yes 446,204 views and counting! The poor video posted by that “scare” Brit(aka GY) has only 609 views :-)))))))))))))))))
94 GreekYoghurt (#) May 05th, 2012 - 09:09 pm Report abuse
@93 I'm sure the video is very popular amongst sad Argtards who have no life, no money and no fuel for the winter. You have to give the poor fecks something to keep going, even if it is some nonsense with one of them scurrying around like a coward in the dark.

95 briton (#) May 05th, 2012 - 11:38 pm Report abuse
History has been very generous with me”, said the Argentine president

Shame the plastic has not had the same effect then.
96 Malvinero1 (#) May 06th, 2012 - 01:28 am Report abuse
Argentina's new law on self-destruction and international isolation is now enacted. May Argentina rot in a hell of its own making.
AHAHHAHAHHAHHAHA,poor deluded ex-empire
No body cares about you,skare! We Argentines,are not scared of you....
97 Chicureo (#) May 06th, 2012 - 02:02 am Report abuse
#94 & 95
I assume by the brilliant logic and composition, that “Guzz” is also “Malvinero1”
98 Malvinero1 (#) May 06th, 2012 - 03:29 am Report abuse
I assume by the brilliant logic and composition, that “Guzz” is also “Malvinero1”
Wrong chico......
MALVINAS ARGENTINA! Down with scarface!!
AHAHAHA What an Idiot,scarface!
99 stick up your junta (#) May 06th, 2012 - 08:19 am Report abuse
We Argentines,are not scared of you....

If you take a look at this,you will see quite a few who are,so much so they take a shit in Stanley Post office
100 Max (#) May 06th, 2012 - 09:11 am Report abuse
& 99

Comment #94 asseverates you are Argentine ?
101 Malvinero1 (#) May 06th, 2012 - 01:44 pm Report abuse
AHAHAHAHAHAH Nothing compared with the brit surrender at dunkirk and tobruk
the brits got sup
port from the yanks,NATO etc,Argentina was alone and still gave you hell
BRAVO ARGENTINA! Down with the imperialist!
AHAHHAHAHA Poor deluded brits.
They are NOTHING!
102 stick up your junta (#) May 06th, 2012 - 02:13 pm Report abuse
brit surrender at dunkirk
At least we got ourselves home,you Argies were took home by the Canberra .
mind you 74 days were not bad for kicking your arses

Found another one for ya
103 Brit Bob (#) May 06th, 2012 - 02:23 pm Report abuse
Back to the original piece.

'History has been very generous to me' said CFK.

But even the third reich didn't fall out with as many nations and organisations. I'm affraid dear CFK the end will come sooner than you might think...
104 The Cestrian (#) May 06th, 2012 - 06:16 pm Report abuse

“We Argentines,are not scared of you....”

Well certainly not from the safety of your computer screen - LOL.
105 GreekYoghurt (#) May 06th, 2012 - 06:46 pm Report abuse
What I want to know is, if Argentinain women are so hot and available/slutty, then why are all the argtards on here single? Seriously, these La Campora furktards seriously must have some social issues.

Personally, having seen Orange-head and KFC, Argtard ladies seem to make me want to puke into my mouth. So whosoever said they were hot, needs their eyes testing.
106 stick up your junta (#) May 06th, 2012 - 07:25 pm Report abuse
Orange-head AKA Doris Karloff
107 JoseAngeldeMonterrey (#) May 06th, 2012 - 07:30 pm Report abuse
Very well, Argentina is making history today. There are successful stories about oil in the world, and there are others not so successful.

I will start with what was probably the first one in the history, Texas. Circa 1900 Texas was a rural society, producing mainly cattle, cotton and timber, then sometime in 1901 the Gladys City Oil company stroke oil in Spindletop Hill in Beaumont, in what was probably the largest oil field ever found at the time in the world, pretty soon hordes of businessmen, both american and foreign flocked to Texas and many oil fields were discovered creating the Texas oil boom, the oil industry impacted Texas economy, it brought other industries like metals, manufacturing, cars, aerospace, research laboratories of all kinds, thousands of oil companies were created, some became large oil empires others remain small or were absorbed by the big ones, but thousands of texan families became millionaries, the flood of oil money created the huge financial and investment corporations of Texas, by the end of the second war Texas was an industrialized state, in fifty years it had become an urban society with the most prosperous economy in the world, advanced technology, thriving universities like Texas A&M and the University of Houston among many others, that were financed by oil millionaries and companies.

Now take another story, Mexico, it nationalized some 17 companies, a complete industry developing in our own oil boom, in doing so, Mexico say no to foreign talented investors, foreign ingenuity and know-how. Pemex went to control all oil operations in the country, corruption became the culture of the company, negligence, waste, accidents, pollution, bad services and prepotence became all part of the image of the company while presidents appointed their compadres as directors and in top positions so that they could steal even more. That´s what happens when a state plays to be both a regulator and a business enterprise. It doesn´t work.
108 Think (#) May 06th, 2012 - 11:05 pm Report abuse
(107) JoseAngeldeMonterrey

Very well, Argentina is making history today. There are successful stories about mineral resources in the world, and there are others nearly as successful.

I will start with one country I know extremely well……......, Norway:
Some 40 years ago its Socialdemocrat government took the decision of going “National” with their Oil Industry.
We all know where Norway is placed today…........... Don’t we?

Now I will continue with another Country I know extremely well..., Chile.
Some 40 years ago its Socialist government took the decision of going “National” with their Copper Industry.
We all know where Chile is placed today…............. Don’t we?

A third Country I know extremely well hasn’t been so successful but, as one of its sons is quoted to have said, it is mostly because it is so far from God and so close to the United States……………

Wishing I was fishing in Zihua…..
El Think
109 Chicureo (#) May 07th, 2012 - 04:22 am Report abuse
#107 JoseAngeldeMonterrey
Think overstates the success of our copper company in Chile, but we didn't plunder the profits either like Pemex. Today we have a mix of private mining companies and our publicly own Codelco. In the end, the question is will Argentina compensate Spain fairly or not.

Think: Congratulations regarding the European elections. Actually I was very pleased with Greece... ...and France was fed up so it was not a surprise. Every dog has his day.
110 British_Kirchnerist (#) May 09th, 2012 - 11:28 am Report abuse
Great news =) “History has been very generous with me” You are so enderingly modest my Queen, you so deserved this great victory, and I ardently hope it won't be the last, as one poster said above that “history is just getting started” - but not in the way they meant it. Stay strong my Queen for the progressive people of the world love you and will rally round and be generous to you in the history that we build, for its no more than you deserve o strong and beautiful one =)
111 ChrisR (#) May 09th, 2012 - 01:06 pm Report abuse
110 Scottie_Kirchnerist

You really do need to seek medical help with that fixation on a rubber doll.

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