Monday, July 30th 2012 - 21:39 UTC

Cristina Fernandez “wonder boy” saves in dollars and has property in Uruguay

Argentina’s Cristina Fernandez “wonder boy” seems to be missing on his homework. According to the Argentine media Economy Deputy Minister Axel Kicillof not only has his savings in US dollars but owns real estate in Uruguay, which Argentina considers an overseas fiscal paradise.

Kicillof, feared by many for his high interventionist measures in the economy

The data was collected from the presentation of his first assets’ sworn statement before the Argentine Anti-corruption Office and according to Perfil.com says Axel has assets totalling 688.013 Pesos, approximately 140.000 dollars, which includes 37.000 dollars in a bank account.

Less than a month ago President Cristina Fernandez called on her ministers to “Pesify” their savings in dollars, in line with the clamp on greenbacks holdings implemented by the Argentine government since October last year.

The President also pledged to have a 3 million dollars savings account converted into Pesos. Nevertheless until a few weeks ago her boutique hotels in EL Calafate, Patagonia, were charging in US dollars as proved by an in-situ television report.

The “fortune” of the wonder boy consists mainly of a house of 145 square metres in the middle-class neighbourhood of Parque Chas which he purchased in 2009 for the sum of 40.000 dollars, according to Perfil.com.

The assets of Axel, 41, also include a house in the river resort of El Ensueño across the River Plate in Colonia, Uruguay, which he purchased in December 2005 paying at the time 3.000 dollars, according to the statement, to which he added an adjoining plot of 420 square metres. He also reformed the house investing the equivalent in Uruguayan Pesos of 12.000 dollars.

The one car family vehicle has a Renault 1-6 Scenic from 2008 which Axel shares with his wife and two children.

Finally Axel has bank accounts, both savings and cash equivalent to 240.214 Argentine Pesos, of which in dollars 37.000.

Since Vice president and economist Amado Boudou fell into disgrace given the alleged corruption scandals involving him and friends through ghost companies, Kicillof has emerged as the rising star in Cristina Fernandez cabinet, becoming her main advisor in economic and financial affairs.

He is believed to have masterminded the YPF majority stake seizure from Spain’s Repsol, the current US dollar clamp to force Argentines to save in Pesos and appealing to protectionist measures as part of the overall view of a planned economy to promote domestic industry and jobs.
 

28 comments Feed

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1 Pirat-Hunter (#) Jul 30th, 2012 - 10:23 pm Report abuse
Cool as long as he is paying taxes and fees nobody is complaining, after all there are fines and fee to deal with those problems, we didn't think mercopress would be here to snitch on them. How come the theft and crimes in Lybia are never reported?? take a look at the bias reporting done here.
www.globalresearch.ca/index.php?context=va&aid=26686
2 Beef (#) Jul 30th, 2012 - 10:39 pm Report abuse
What, he only could afford a $40K house and has only managed to save $37K?

Either he is an Argie economist or just not very good at saving!
3 Condorito (#) Jul 30th, 2012 - 10:41 pm Report abuse
PH
Lybia is not really in MercoPresses target area.

You set low standards for your leaders if you think it is “cool” that they preach one thing and do another.
4 Pirat-Hunter (#) Jul 30th, 2012 - 11:05 pm Report abuse
Yes I think it is cool because he did not theft all of Libya's money nor killed innocent Muslim women and children, nor did he arm terrorists in Afghanistan, Iraq, Libya, Somalia, Sudan, mali, Sri lanka, egypt, syria and kenia. As UK and USA are doing now. My priorities seem fine, how are yours??? A little bias I see.. Get a life ignorant. Who do you think u are talking to??
www.globalresearch.ca/index.php?context=va&aid=26686
5 briton (#) Jul 30th, 2012 - 11:31 pm Report abuse
you seem to have some very odd dreams .
6 PirateLove (#) Jul 30th, 2012 - 11:37 pm Report abuse
now thats how you deliver a sucker punch to your own people.

Argentines voted her in, now suck it up.
7 Captain Poppy (#) Jul 31st, 2012 - 12:03 am Report abuse
Don't you just love the “do as I say, not as I do” philosophy? Of course,no worries at all, he is paying taxes. No what do you suppose the CFK droids would be saying here if it were a member of the opposing party?
And #4 continues to speak with such hollow a echos. He will be chanting his homo, racist, pervert chant next. But for now he is sticking with his muslim women and children killer chant.
8 Think (#) Jul 31st, 2012 - 04:41 am Report abuse
(2) Beef

You say:
Either he is an Argie economist or just not very good at saving!

I say:
Or an honest, idealistic young man.........................
9 Welsh Wizard (#) Jul 31st, 2012 - 09:01 am Report abuse
Axel is supposed to be at the far left of this government, his policies certianly show this to be true. Very suprised that he is preching one thing and doing another. I assume that he will now have to “pesify” his US$ accounts at the going rate.
10 Conqueror (#) Jul 31st, 2012 - 10:46 am Report abuse
@1 You have a literacy problem.
@2 There is nowhere in the world called “Lybia”, anymore than there is anywhere called “Malvinas Argentinas”. And then your last sentence “Who do you think u are talking to??” It's not “who”, it's “what”. And on the face of it, it's a piece of foul-mouthed, ignorant, stupid, sub-human, slime-sh*t. Any more questions, slime-sh*t?
@8 He's like you. “You can't touch me 'cos I luv CFK.” Or sh*t, by any other name!
11 LEPRecon (#) Jul 31st, 2012 - 12:02 pm Report abuse
Didn't the 'Dear Leader' CFK order all her people to swap their dollars for Peso's?

Now if CFK's 'wonder boy' hasn't taken any notice of her, it means:

1. CFK has lost control of her own government, or
2. CFK was just blowing smoke up the voting publics arses, as she and her cronies never intended to swap their dollars for pesos.

I think it's a bit of both.
12 Captain Poppy (#) Jul 31st, 2012 - 12:10 pm Report abuse
I don't think she has lost control as much as she never really had it. I think her croonies are pleased to have her as the point person because the the shit starts flying, she will be the scape goat they all point to and hang. In the mean time they keep plodding along milking they people for they ill gotten gains and when it's exposed.....“opps.....my bad”.
The most amazing thing is that the Joe Blow public accepts that!
13 Idlehands (#) Jul 31st, 2012 - 12:55 pm Report abuse
Maybe he just plans to donate it to the cause the next time a $US debt needs repaying?
14 GeoffWard2 (#) Jul 31st, 2012 - 01:42 pm Report abuse
This is 'pretty small beer' if this is the sum of his assets.

I surmise that there is significant (new) family wealth lodged elsewhere, in dollars and /or Swiss francs.

Perhaps, as Beef says, he has just not become proficient at corruption;
but my guess is, Think, he has become very good at it.
15 yankeeboy (#) Jul 31st, 2012 - 03:05 pm Report abuse
Well the last BCRA head has U$250K in a paper bag in her private office bathroom. Maybe that's why it doesn't show up in this accounts yet.

hahahaha
16 gustbury (#) Jul 31st, 2012 - 03:26 pm Report abuse
many patetic blogers here ,follow sucking envious!!!!!!!!!!
17 LEPRecon (#) Jul 31st, 2012 - 04:44 pm Report abuse
@16 -gust bury

Envious? It's you and people like you that these people are robbing blind.

You cannot save in US$ but they can. You cannot buy US$ but they can. They 'make' the law which YOU must obey, but they DON'T have to obey it.

The fact that you don't see anything 'wrong' with this double standard, in a democratic country, means you are either being paid to support this government, stupid or both.
18 ChrisR (#) Jul 31st, 2012 - 07:34 pm Report abuse
He is not a very good businessman. He managed, together with FatBoy, to screw Aerolinas Argentina out of USD 2.4 billion. I wonder what the split was and how many shares in YPF he now has.
19 Captain Poppy (#) Jul 31st, 2012 - 09:06 pm Report abuse
It's one thing for the politicians to get rich, most do. But the “do as I say not as I do” would make me go ballistic. It's like they accept being anllay raped with lube.
20 LEPRecon (#) Jul 31st, 2012 - 09:33 pm Report abuse
@19 - Captain Poppy

“It's one thing for the politicians to get rich, most do. But the “do as I say not as I do” would make me go ballistic. It's like they accept being anllay raped withOUT lube.”

There fixed that for you. :0)
21 malen (#) Jul 31st, 2012 - 10:38 pm Report abuse
He will have to go in 2015 like all the K. The economy is really a problem. And they robbing...
22 Captain Poppy (#) Aug 01st, 2012 - 12:40 am Report abuse
What does ”there fixed that for you :0)” mean? Sorry....I am American and speak english
23 British_Kirchnerist (#) Aug 01st, 2012 - 08:32 pm Report abuse
#8 You beat me to it =) This really is very small beer, nothing, for example, that could stop him being elected if Cristina sadly does not run again
24 Captain Poppy (#) Aug 01st, 2012 - 09:14 pm Report abuse
So wonderboy is only a “little illegal” A little“ bit of a hypocrit. What ever happend by ”lead by example.”
25 Condorito (#) Aug 01st, 2012 - 11:11 pm Report abuse
@24
When the expenses scandal in the UK broke, I am sure B-K said something like “this is small beer, what’s all the fuss about”.

Otherwise, surely he would be being a little bit hypocritical.

Or is it the case that crooked leaders are ok in South America but not in the UK?
It’s the white man’s burden, Massa B-K knows what is best for us.
26 Captain Poppy (#) Aug 02nd, 2012 - 12:26 am Report abuse
I am starting to think the RG posters are politicians. Who else would blindly support such open stupidity and hypocracy to the level that the world laughs at them?
27 British_Kirchnerist (#) Aug 02nd, 2012 - 04:50 pm Report abuse
#25 Interesting point. I of course excoriated the expenses scandal, but if I recall right Tom Watson was one of the most embarrasing expenses offenders. Bad for him, but that won't stop me saluting his bravery in standing up to the Murdoch empire's phone hacking and exposing much worse corruption; although less left wing than me, I think he would make an excellent leader of the Labour Party. Also would like to note that the most left wing, pro-Latin American MPs like George Galloway and Jeremy Corbyn were completely clean on their expenses
28 Condorito (#) Aug 02nd, 2012 - 07:01 pm Report abuse
27 BK
So graft is ok if you are:
a) A left wing South American politician; or
b) A left wing British politician.
Just making sure I understand the rules.

In what way is George Galloway “pro-Latin America”???

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