Argentine central bank announces “pesification” of real estate operations
Following the official new curbs on US dollar purchasing for savers, the head of the Argentine Central Bank Mercedes Marcó del Pont came on stage to defend the measure and anticipate that operations in the real estate market will have to be done in Argentine Pesos.
“Looking at it in terms of overall economic wellbeing, the accumulation of external assets in the Central Bank is clearly higher and more efficient than being put through individually by people and legalities” said Ms Marcó del Pont in reference to the reserves of the Central Bank.
Furthermore, Marcó del Pont played down the impact of measures by affirming that “those who buy dollars make up a very small minority of the Argentine population”.
The statements were made in an interview with the pro-government newspaper Página 12 on Thursday where she tried to explain the latest Central Bank decisions.
“There is a new definition of priority uses for foreign currency coming into the country generated by exports: first to pay for imports and secondly to meet debt maturities expiring in foreign currencies.”
Marcó del Pont said it was necessary to generate other forms of savings in Pesos which makes them attractive for small investors and does not diminish their purchasing power. However she also said that the measure was a “transitory limitation” and guaranteed that “spending made on credit and debit cards abroad will have no restrictions placed upon them.”
In addition, Marcó del Pont also made it clear that housing and real estate operations from now on are to be agreed, purchased and paid with prices in Argentine Pesos. She described it as “a step forward for the 'pesification' of the real estate market.”
The only ones that will continue to enjoy the benefit for some time are those who have already been granted a mortgage loan in dollars. “The only thing we contemplate until next October 31 is the possibility of having access to the open and only money exchange market is for those who have an approved mortgage loan. After that no more mortgage loans in dollars”.
The measures referred to the real estate market have caused a strong deceleration of activity in the sector and in the number of registered contracts, since in Argentina (with a past of hyperinflation) most of these operations are done in US dollars. The increase in restrictions, since last October, to operate with US dollars has virtually frozen new operations.
In support of this the chartered notaries association from Buenos Aires revealed that during May the number of contracts for the sixth consecutive month have continued to fall.
Asked about the government decision forcing top line banks to extend soft credits for productive operations, the central banker said “banks will have to learn to lend” since it is necessary “to minimize the impact of the international crisis on the local (Argentine) economy”.
“Nowadays they don’t lend for investment, except sporadic efforts and honest exceptions. Their business plans do not contemplate this kind of loans. As I said they will have to learn to lend” insisted Marcó del Pont.
It’s quite simple “we are forcing them to lend a wee-bit of their funds at a lower rate than consumer credit. In no way can this generate a misbalance in their accounts, be it in rates or time periods”.
Earlier this week Argentine president Cristina Fernandez announced that the top line banks will have to loan for investment projects the equivalent of 5% of their deposits. The new loans will have a maximum fixed rate or 15%, which works out according to a financial equation plus 400 basic points, and for a period of at least three years.
The announcement of the Pesification of the real estate market comes only a few weeks after Cabinet Chief Abal Medina denied media versions indicating the Argentine government is planning a de-dollarization of the economy.
Medina went on record to say that versions of de-dollarization were “ridiculous; I thought it was a joke”.
Likewise a day later Deputy Economic Minister Axel Kicillof also denied point blank the government was preparing a de-dollarization plan. “The versions and rumours are all nonsense The Argentine economy is already ‘Pesified’ as “the Peso is our official currency”.
Medina and Kicillof acted as spokespersons on the occasion because the firebrand Senator Anibal Fernandez who usually played that part for days had been preaching Argentines had to learn to have their savings in Pesos.
This until it was revealed he had his own savings in US dollars and “since I acquired them legally, I’ll do what I ever want with them. Selling dollars now is madness”, said Senator Fernandez who was later publicly reprimanded by President Cristina Fernandez during an official ceremony at Government House.
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If the top 20 banks are forced to lend money at below par interest rates we'll have 20 banks less in Argentina by the end of the year!!!!
Tinman, you should be afraid, very afraid... you've destroyed your brave father's legacy and tied yourself to a rock headed to the bottom of the South Atlantic.
One SLOW train wreck happening over time-lapse...
Think hyper inflation...it's coming ...and soon...
Desperate people will be dumping property as the taxes, condo fee, utilities skyrocket... like 2001 but worse.
Whatever is left of the middle class wealth will be wiped out while the rich get richer.
brr
I read it as 'pestification' ...... I'm sure this must say something about me :-(
You have to feel sympathy for the common man, in the face of this 's... storm'. And perhaps for the leaders, trying every tactic known to man trying to make things better but seeing them get inexorably worse.
I like Chicureo's (#2) analogy:
'One SLOW train wreck happening over time-lapse...'
and am just hoping the the UK economy is not experiencing its own 'boiled frog' demise.
very normal operation..........
like once Mexico did it .!
Another great move by The Mad Bitch Of Argentina.
Real Estate is a big driver in an economy this little move could be the one that throws ARG into deep recession or depression. Everyone is predicting a recession and P$7/1 before the end of the year. I think it will be worse.
As usual it all depends on the unpredictable weather, if this cold snap lasts 3 weeks you may be in utter chaos by Aug as nat gas supply runs short and the BCRA reserves are quickly depleted.
The goverment and ruling classes!!!
This wont make a difference to people wanting to buy property. They'll just convert the price to pesos at the black market rate. they problem is for the seller to get his pesos into a real currency as fast as they can!
I don't know what's making everyone so insecure about Argentina's economic policies,
lol
where to start!!!
I know what it is.
To sum it up, the more SA keeps, the less the western world gets.
That's what hurts...
Have you ever read an economics book? Maybe instead of concentrating on languages you should try a more rounded education and study some math, history and economics.
You'll finally be able to grasp why I keep saying Arg is doomed with no way out.
19. Your are right, I think people will just price it in U$ anyway then convert it to $P at the time of the settlement at the leak rate.
What I used to do when I bought/sold property was to accept and pay for property between USA accounts. Seems like almost everyone had USA bank account so we could keep the $ transaction out of Arg. Very rarely did I go to a settlement with a suitcase of cash, I did it a couple of times but it is so risky! Too many prying eyes and big mouths but I had a really big scary driver waiting at the bank door for me which made me a little more secure.
Like, just guessing, 10-14 to 1 rate by June 30th, 2012?
hahahahahahahaha.
I just guess and usually I am more right than wrong but I would never bet U$ against my guessing.
I will tell you something that is for sure, the Are Peso will be closer to 10/1 than it is 1/1 by the end of the year.
BTW did all 550K BA Provincial employees strike for their bonus or was it just a couple 100K? Did I hear that they're considering printing Patacones?
Didn't I guess that a few months ago too? It's coming I just don't know the exact date...
One thing you told me a long time ago was the streets in Mendoza are so clean because they use Kerosene every night on them. I asked you if they knew they were creating an environmental hazard but you never got back with me. Care to answer now?
Any “residue” of kerosene (which is not industrial kerosene, it is a much lighter version), is nothing compared to the industrial oil and chemicals left behind in the hundreds of sq. kilometers of parking lots in your country for example, where instead of 1 car per family there is 1 car per person.
Worse environmental runoff right there.
Power back in DC btw?
uuuufffff (hot)
I know the system works here and if it is down from a disaster someone is fixing it. We don't automatically pile into the streets banging pots if something goes wrong. That's the difference in living in a civilized society and...um...well...yours. Are you jealous or embarrassed it's Hard to tell.
When do you think the electric companies will be nationalized? I hear that BA Province owes them 30MM so they can't pay their suppliers.
How awful!
Hahaha, stop being a hypocrite. You well know had Buenos Aires been partly without power for a WEEK, everyone here would be glowing in calling out the incompetence of the argie worker, the electric cos, etc.
You pay FULL prices for electricity and still get awful response time, in your capital city no less??
uuuufffff.
Neither jealous nor embarrassed. Argentines would kill themselves before becoming a society like yours, with nothing to look forward to in life.
When I lived in BA we lost power 2-3 times a year right downtown! There was also a HUGE power failure that was super scary! We were eating dinner and the owners closed the gates so that we wouldn't be ransacked!
When I lived in the Znorte we lost power a lot. Sometimes for days! I had to call a very very high gov't official to get me moved to the top of the list to get back on after 5 days without power.
Also 2x when they came to restore the power the RG idiots gave me 330 volts instead of 220 and blew all of my electronics! 2X!! Those kinds of things don't happen here.
Methinks the 250K Rgs living in Miami alone would disagree and love living here. You should see the wailing and carrying on when ICE makes them leave. Appalling.
If I had a pound sterling for every Argentine that has asked me if I can help them get a job in England ...... Look, there is nothing wrong with being proud of being an Argentine and it is perfectly normal to love the country you were born in. But the truth is many Argentines get a much better quality of life in the US. The Argentine waiter serving me in Miami last night said that to me. He loves Argentina but can earn a much better wage and have a greater quality of life for his family by waiting tables in Miami. That doesn't make him a traitor to his country, just a realist getting off his backside and doing the best for his family.
I won't deny that.
What you won't sell to me is that you people are happier. You simply are not. Again, you live for the system, and not for your living. Very different indeed.
This song explains your lives well. In fact, if you Elaine are in fact who you say, then it is the perfect song for you. If you had any family, you sure never get or got to spend any quality time with them.
www.youtube.com/watch?v=7OqwKfgLaeA
Some people want that lifestyle fine. I don't. Nor do I really care about not working... I just work for myself, to improve myself, not others pockets.
You want what we have, good governance, stability, the ability to succeed, good universities, able to travel anytime anywhere etc etc.
It is plain to see that is why you hate us so much.
You know you are stuck in an forgotten province in a 3rd world country 13 hours by plane to civilization and you have no way to remedy that awful situation. That is why you claim to abhor our decadent, lifeless, soulless and uncaring society yadda yadda yadda.
It is sad, it sounds like the Soviets during the cold war. They hated America and as soon as they could they tried to be like us. Too bad like them Argentina can not and will not ever be like the USA.
It's just plain jealousy, sorry kid you need to grow up.
You really do have a very small world and mind. Try travelling and you might just learn that first-hand experience creates a tolerance and understanding of other cultures.
If you don't bother to work then someone else is carrying you and paying your way in the world. Why not get off your backside and contribute, rather than just leeching off others?
btw I never click on links on a discussion board.
Wrong. Argentina was never communist, it could have tried to become like the USA any time. We choose not too. Chile, Brazil, Mexico, etc all do try to emulate you from the fast food to the skyscrapers, to their love of rap.
That's fine, I don't judge. I don't think many people look up at the USA anymore, anyway. People love the up and comers (China, Brazil, Russia, Dubai, India), not the have beens even if they still are on top. Because from the top you can only go in one direction, and people don't find that sexy.
This forgotten province is where all your Colorado ski buddies come this time of year to get additional work or training. This forgotten province is also one of the seven designated great world wine region. This forgotten province is where summits like Mercosur, Unasur, and historic matches like the first Rugby Championship match in the Americas will take place, as well as one of the first World Cup qualifyiers outside Buenos Aires. This forgotten province is seat of the UNC, which heads the department of the Balseiro institute, which is a major force in companies like INVAP for nuclear use. This forgotten provinces produces the world's largest hydro turbines, and even small airplanes now (not assembly, our own design). And is now a world powerhouse in wine exports.
We even have an “Americana” tex-mex food festival in february during the Wine month, along with food festivals from dozens of other countries.
And many of us adore the fact we are in a pristine corner of the world, away from all your wars, pollution, and radiation.
@33
I'm afraid my English for a rare occasion there faild me. I used the wrong preposition. I meant to say I don't care if I don't work IF I am furthering myself. I used to work three jobs seven days a week for almost four years from age 17 on (I graduated school a year early, long story). About 60-65 hours a week, plus then studying history and science at home. I don't need lectures from you.
If you had any first-hand knowledge of the countries you just listed you would know they still have a very long way to go. Russia is the weakest link but Brazil is looking ever more precarious. China and India may get there but both suffer huge poverty issues that will make the road ahead difficult.
I like Mendoza but it ain't all that when you have travelled and seen far more beautiful and pleasant places to live. I agree you have great, mostly foreign owned, wineries. Still, it is good to know you are satisfied with so little and there are far worse places to live.
All I know Mendoza much better than anywhere in Europe. For one, it rains clear water, not acidulated resin. Your poor attempts at veiled insults only show your jealousy.
They're not anything like EU, UK USA and we have 10s of 1000 or 100s of 100s immigrants FROM those countries every year. So we must still be doing something right.
Mendoza is pretty but you have to admit it is very remote. I would bet except for the surrounding SA countries there are few people that could find it on a map. Good gracious most people from the northern hemisphere can find Argentina!
It is funny how you bring up these tiny companies and organizations like they mean something to an outsider. And this dichotomy that you don't care about the USA then telling me you get lots of US tourists there and have a tex mex festival of all things.
You are a strange ignorant boy.
Go travel so you can really see the places that you hate so at least you can have an informed opinion you're making yourself look ridiculous.
It is almost as if they are encouraging me NOT to be like them, an admission they are flawed individuals. Since they both claim to have travelled to Arentina, yet 99% of what they mutter is utter lies, wild exaggerartions, and always the bad, never the good.
In other words, they have followed their own advice yet still are incapable of informed opinion.
Mendoza is remote, that is part of the charm.
Everyone has their own opinions, and there is no universal right or wrong in tastes. Though sometimes people like Elaine do make attempts at shoehorning their opinion as fact
“Still, it is good to know you are satisfied with so little and there are far worse places to live.”
And her opinion is unassailable because... :)
Care to explain why/how the USA will break up in 60-80yrs? That is about the dumbest post I have ever heard and I would love to hear the explanation.
Mendoza is like Colorado/Utah/Idaho nice places but I wouldn't want to live there. If you like it great! But don't bash a place until you have seen it for real.
I have seen almost all of Arg probably more than most of it's own citizens. I know of what I speak.
China may not because they have a massive war chest military to impose on, but one cannot underestimate the power of people.
How can there be regional differences when people move everywhere in the USA? My family lives in GA, CA, NY, ,MO, FL & CO and I have lived in MI, MO, NY, DC, IL since I left college! Most everyone I know has a 2nd house in another part of the country. What you're saying proves your total lack of understanding of the USA.
We don't have regional religions or political philosophies never have never will.
I can't even try to answer this because you basic understanding of the USA is so utterly f'cked up.
Good grief!
Finally!
Same applies to everyone else here. Living as a foreigner in Argentina for a small period of time is not grounds to understand the people, especially when argentines usually put up a front to foreigners and do not get too personal with them.
If I thought Mendoza was THE best place to live I could live there, I have that choice. It isn't. It is a nice place to visit.
You display a very narrow-minded view of the world without any life experience to set your bigoted opinions against. Open your mind just a little and you would see how silly your statements are.
There is nothing sad about being at least 3 decades younger, I have no doubt you would give all those travels for the chance to be 20s again. Given I probably will be more sucessful and the easier travel in my time than in yours, I doubt your predictions will be true.
And who know, maybe even I have already seen more of it than you. How would you know? Hacked into my facebook account? (oh, but I don't have one, too bad)
I have great RG friends and I know your country and people VERY well. There is not one that I know what would not jump at the opportunity to move to the USA either for a job or to further their education. Most of my friends are well educated have decent jobs yet it takes them years to pay for a brief trip to visit!
Learning about a place reading half baked web sites is not working for you. You should come here to see it for real. Most SA that I have brought to NYC are gobsmacked. They have never even dreamed of a city like it!
Then there is Chicago, DC, Philly, Miami, LA, San Fran, Houston, NOLA, Denver on and on and on. The wealth is astounding to most foreigners even people from UK EU.
The Smithsonian Museum complex is a wonder! If you want to see Original paintings of just about any well known artist they're all there. You would be amazed it takes weeks/months to see it all.
People tend to read sites, articles etc that they already agree with and it is plain to see that is exactly what you do. You need to expand your mind a bit before you try to talk to the grown ups. You're like talking to a 15 y/o know it all and it gets very tedious.
I'm not impressed by opulence, and especially overt opulence. I am one of those people that if they could purchase a carrera would still drive a Passat. I'm being real here this is not to contradict you. I would be impressed with architecture, so I do find skyscrapers for example very worthy of observation.
This is the problem, you want me to fawn at the USA, I won't. That does not mean there are not some very praiseworthy things about it, and I don't generally comment about specific aspects of culture, just very global ones which apply to entire societies. I'm sure there is much to do in New York, but so is there in Beijing, Moscow, Mexico City, Istambul, Paris, London, etc... its not about wealth, its the people that make somewhere interesting.
Sorry, I just don't worship money so I simply don't understand the allure of it. I just need enough of it to have the freedom to pursue knowledge. I'm more of a nerd than a posh, I guess.
Think about anything you like or want to learn more about, whatever it is I can pretty much guarantee that it is in the Smithsonian or another museum that specializes on that subject somewhere in the USA.
There is no where else in the world that can say that.
If you like art we have more Monet in Philly than they do in France! More Picasso than Spain etc etc etc. Whatever you want to see or study it is here.
Think about this in all of South American there may be +/-10 Picassos on public display in various countries, we have probably a couple hundred just at the MOMA? I am not even sure. It's not the wealth that should impress you it is the vastness of it!
You should also realize that most of the public art museaums were started by great private collections that were eventually donated to the institution for the betterment of the Society in general.
That is the marvel of the USA!
I would not be surprised if in 50-100 years there are more Dali's in China, and more American pop and Hollywood art in Shanghai than LA, as Chinese billionaires buy it and patriate it over there. It's the flow of money through time.
All it says is China had the economic scale to attract this. It doesn't mean they are better than the USA.
You are full of it :)
There is no way in life they could have given you 330V instead of 220V in Argentina. Just not possible :)
In a 400V grid the currents are 400V between phase and phase, and 230 (220)V between phase and ground. The numbers for a 220V grid is 220/110, and for a 690V grid 690/400V.
330V is just not possible and you are lying :)
Toby, China will fail it is already heading down hill fast and everything they have done so far to keep it propped up are not working. They have 1000s of riots WEEKLY! It is just a matter of time beofre the riots spread from the countryside to the cities and it will be unemployment and inflation that brings it down.
I would not be surprised that in the next few years much art is sold from the USA by cities and governments to make money, in fact entire buildings. That is happening all over Europe now. I did read somewhere that art is in fact flowing from the USA to Russia, Persian Gulf, and China.
That's the issue, all your “facts” are really second hand information from a random housekeeper.
Bet the gardener tought you history as well :)
The Federal gov't and State/Local gov't are selling off unused property as they should. Why hold onto bldgs you don't need and can't collect tax revenue on them. Trump just bought an amazing post office to put a hotel in, exactly what should be happening! Public expense turns into Private Profit! I hope they do more of it and quickly!
I have not heard much art is flowing from USA to other places. We are still the richest country in the world BY FAR. I am sure there are some people that may be selling collections but who cares if its private, they can sell to anyone they want. You probably don't realize that living where you do.
Wherever I read that it didn't said it was a flood, just a general trend with the pop-up millionaires in the Gulf, Moscow, and eastern China.
certain that you hear siren voices in every 5 minutes ,
might be you pull yourself through the internet from outer funks.
Argentina is the only country in the world that has all ecosystems in its continental landmass, and you can find communities of all european countries, middle eastern countries, latin american countries, ex-pat anglos, and communities of the main asian nations, plus jews and muslims. With the perhaps glaring exception of Indian culture and more africans, one does not have to ever leave Argentina to experience a bit of the world culturally and naturally.
How... Argentinian of you...
By the way, the young Europeans may have travelled a lot, it doesn't necessarily mean they are well-travelled.
A vast majority of their travels ends in destinations as Canary Islands, Mallorca, Ibiza, Thailand and Sunny Beach.
Their cultural experience being embraced with huge amounts of alcohol, resulting in the probable outcome of the youth knowing less about their destination when they get back home, than they knew when they departed...
Geesh you are so full of yourself it is revolting.
You are seriously like a 15 y/o know it all teen girl. You must get beat up a LOT!
I did not say it would be the same, but if there was one country where you could sort of get away with it, we are one of a handful (one hand) of countries you could. Which is why I carefully inserted the word “bit”.
@62. Exactly. It is truly worrying that some Argentines are so inward looking and brainwashed into thinking they never need to go anywhere else. The indoctrination is extreme. Make them think they need never leave Argentina and they will never discover how bad it is compared to other countries.
Interestingly, Argentines that have travelled have a completely different perspective. One I know well summed it up by saying, “they have no idea how backward they are”. A bit harsh but I guess ignorance is bliss.
@61 ? You know some very pedestrian people. I am talking about the young world travellers, working and volunteering all over the world; there are many from the UK.
Because we don't wake up every day under the threat of terrorism?
Because we actually own what we possess instead of everything being on a credit card, car loan, or mortgage, two payments away from repo?
Because we don't have sky-high suicide rates like in Europe?
Because we never have had a mas shooting at a center of education?
Because we don't have to hear from dead ones from pointless wars in some Afghan canyon?
Because we have not been in recession for the last 5 years like most of you?
Because we actually have clean air and not one filled with acid rain and radioactive fallout?
You tell me, why is Argentina so bad according to you? You are just an insecure femme colere that seems to enjoy ripping Argentina every chance you get. Don't you notice you NEVER have anything good to say? I think your problems are obvious with us.
I think you don't realize how bad you actually have it compared to me. Because money is blinding you dear. That is FAR a worser fate.
There is a little amusement park in Tigre that my friends swore was a good as any in the USA. It is like our traveling carnivals just a little more dangerous! I never said anything tho :) But the same can be said at just about anything.
Standing in my new apt, I could see the obelisco, french ambassador's residence and the river, the real estate agent said “its just like NYC huh?” My response was “you have obviously never been there”. He didn't like that!
Or Corrientes like Times Square or Mar Del Plata like Miami or Las Lenas like Vail. It like explaining color to the blind. They will never understand until they can see for themselves.
I don't take any credits from those marvels of people taking on such jobs, but you are implying this is a normal behaviour within UK's youth, and that is not the fact. Normal behaviour are those destinations I mentioned. Those other you talk about are jewels, rare and precious.
Yankeeboy and Elaine, shame on you for being trolled so successfully by the champion malvinistas!!!!
Exactly, like comparing the Rockies to the Argentine Andes.
Or USDA to even the most ruinous argentine cut of beef.
Or Zinfandel as “America's Malbec” (LOL)
Or Niagara just as good as Iguazu
Or Barrow Alaska just as captivating as Ushuaia
Or as three american girls I saw once at a walmart told me during a conversation “should go to my state Kansas, looks just like your Pampas”
Then I googled some pictures and it was depressing, no cowbowys and every centimeter or the joint, barbe-wired. I chuckled.
We may buy expensive stuff on credit but we CERTAINLY DON”T buy food in 6 quotas like you do in Argentina. Plus interest on your credit cards is like 40% or something ours is 5%! Your mortgage are 15-20% and our are 3.5-4% FOR 39 years! Yes we move out of our parents house and buy our own in our 20s and our 2nd home in our 40s. Gasp!
Hmm shall we talk recession, Argentina's started in Nov 11 and I bet is lasts for a lot longer than 5 yrs. You have not seen anything yet!
Los adultos estan hablando, carajo!
Anda a jugar afuera.
HAHAHAHAHA. Home ownership in your country is declining rapidly and you with your fairytales of people buying a 2nd home by 40. Who exactly do you think believes any of it? :o
Why do people keep asking me where have I been? I have never said if I have left Mendoza city even, and I won't because none of you deserve to be privy to that sort of information here.
But I'm tired of this stupid and unintellectual he said-she said (she is yankeeboy).
Let's assume for a moment that I give up, and say ”yankeeboy, yes, you are BETTER and SUPERIOR at everything over us (Argentina)”. Same applies to the UK, or other odd European present here.
What is it that you achieve with that, exactly?
I know exactly what I have disclosed or not. You are way above your league here Elaine. Don't think you are in control.
I have told you I know and am learning several languages, that I'm certainly young, that I am most likely in school, that I have worked in the past as I didn't immediately attend college, and that have dated a french girl in the armee de l'air, and been a bit with a British girl from Sunderland and that they speak funny there, in addition to other foreign girls that just find argie men irresistible. I've obviously been in Santiago and told Chichuero that.
None of what I revealed above can tell you precisely anything about me. But I know much more about all of you, from your ages, to your jobs, to your traveling status, to how much money you claim to have... not because I am a genius, you all coudn't help yourselves flaunting it here.
I OTOH have revealed NOTHING about my personal financial situation.
One SLOW train wreck happening over time-lapse...
TTT: What does it matter if you've told me you've been to Santiago? Why are you so defensive? Frankly, you really should open your eyes to the reality that your dear country is headed for destruction.
You tell me how much I should take that seriously :)
Your comment about the USA is like saying argentina will break up in 1-2 years, which to be honest is a very real scenario, after all 1 economic disaster in 2001 is forgivable by the leaders of the provinces, but 2 in in just over 10 years, is not. Many provinces will decide they are better off on their own then they are with a central government that has proven itself incapable of running an economy.
Do you ever read what the rest of the world's economists are reporting about your country? Oh yes, you can perfectly ignore them, but you can't stop the economic disaster coming...
Even with booming economies, Brazil and Chile are stimulating their financial markets. Your country is doing the opposite...
You've been with a girl from Sunderland. Brilliant, can't stop giggling over than one...
Ok so you have heard of sunderland, you say they speak funny their - I say they speak english, just because they have a region accent, like most countries have regional accents including argentina, i hardly say they talk funny. Plus just becuase you allege to have had a bit of a romance with a girl from sunderland, one it doesn't make you irresitable, but what you say online to back yourself up, is just as likely to be made up as argentinas claims to the falklands are.
As for you still being in school - Well given you seem to be on here the majority of the time, in fact the kind of hours you spend on here is similar to those i would expect from someone that is unemployed, and therefore not the kind of hours id expect to see from someone still in school/colledge/university, unless of course you have 7-8 hour break times.
And as for “But I know much more about all of you, from your ages, to your jobs, to your traveling status, to how much money you claim to have” - Proof it, whats my name? how old am i? how much money in total do i have? what do i do for a living? Where do i live (full address only as stating the UK would be simply stating the obivious!) - I think your answers will be vague to say the least, therefore proving you know no more about myself or other posters here, then we do about you.
TTT makes assumptions based on his prejudices, inferiority complex and narrow-minded view of the world. Enough said on the subject.
The rest of the world's “economists” are argie-haters, have been since the default of 2002. You have to really question their words, especially since I've heard “DESTRUCTION!” is coming, ever since about 2005. They may have some valid points, but they have really lost much credibility.
None of that means I believe CFK's minions either. But that means both destruction on the one side, and prosperity without end on the other meet in the middle to give you... reality.
@83-84
You guys do know that claques are for intellectual idiots. If I stick a sign on a child's back that reads “kick me”, and my buddies applaud me for it, it does not make my actions any smarter. It just means both me AND my friends are dunces. Food for thought GeoffWard2 when you engage in sequacious spurring on of other's comments to make them seem “smarter”... It's an easy game to detect.
Elaine things she wound me up? I've think you've travelled too much and need a date to recalibrate your emo-meter. I tell you right now, it is woefully “pas au point”.
@82
Excuse you? Yesterday, a SUNDAY, I was here. I wasn't here before all week! LOL, Why are any of you here? shoudn't you be working your 70 hours too fulfill that vaunted anglo-saxon productivity?
As for @81, it doesn't help when the British themselves trash their own women's reputations. Yes, there are some pretty women in the UK. Don't let the rest of the world make you think otherwise.
You have no idea what I was giggling about do you? I thought someone as “clever” as you would know not to make assumptions...
CFKs indoctrination has a firm hold on your weak mind.
You are pathetic.
No I don't, I'm not an expert in British intra-regional squabbles and stereotypes. Sorry, you are not the center of the Universe, shock shock.
@87
What? Make some sense if you want me to answer, don't write drunk.
So because I don't believe Argentina is about to be “destroyed”, I'm indoctrinated? No, YOU are the indoctrinated one, fact.
@88
I think he is bitter about not getting the rock star treatment. American males think they can go anywhere in Latin America and be drooled upon. That may be the case which girls in Mexico, Colombia (see US Secret Service), Venezuela, Peru, maybe even Chile and Brazil... but Argentina? LOL, most women are much too demanding, especially in BA and the other big cities. They ain't impressed by a an empty suit. I think I figured out his linguering rancor.
Argentina reminds me a lot of Russia in the 90's. It was very easy to spend a 50$ bill in MarDelPlata in may, anything to augment the family income! And these were not “pros”!
OK so you were just commenting on something you have no idea about...sounds pretty standard.
On the other hand, English girls don't even charge a cover.
I can't believe that!
ALL the Malvanistas swear that BsAs streets are paved with gold and the sun always shines, even at night, etc.
Oh! Do you think they have been lying all this time?
Say hello to Oz for me when you get back to civilisation.
LOL :o)
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