Cristina Fernandez prepares another ‘independence day’ celebration next Friday
Argentina is ready to cancel next Friday a bond issue which was handed out to residents with bank deposits victims of the so called “corralito” (paddock) in 2002 when the collapse of the Argentine economy and financial system.
The Boden 2012 issue will pay out 2.281 billion dollars supposedly to those holders of the paper distributed ten years ago and which according to President Cristina Fernandez will show Argentine honours its debts and at the same time will make “Argentine more free and less dependent”.
“Just four days” said Economy minister Hernan Lorenzino in his twitter where he has the countdown to Friday, August 2 under the code word “economic-independence”. A similar countdown can be read at the Ministry of Economy web site with the days, hours, minutes and seconds left to repay the bond issue.
From his twitter Lorenzino that likes to quote the former president Nestor Kirchner (2003/2007) who in 2006 declared the “independence” of Argentina from the dictates of the International Monetary Fund when he cancelled all debts with the multilateral organization, in an only payment of 9.5 billion dollars, again recalled such decision.
“Under the IMF program it would not have been possible to nationalize the pension funds system, to implement the universal family allowance for each child and the reform of the Central bank charter”.
The big difference now is that Argentina is “returning the ‘corralito’ funds” and at the same time lowers unemployment and children mortality.
In 2005 Argentina re-structured most of its 102bn dollars defaulted sovereign debt and in 2010 managed another swap to refinance pending remnants from 2001. However Argentina still faces in US courts demands from so called “vulture funds” that have never restructured hold-out bonds and demand full payment. The pending face value of the bonds is over 3.5 billion dollars.
Argentina also has a pending debt of 6.75 billion dollars with the Paris Club which brings together 19 developed countries that issue ‘soft’ loans; the country has yet to reach an agreement.
But in 2010 Argentina created a fund “to get out of the red” for which central bank international reserves are committed for the payment of government debts such as the maturing bonds.
With this purpose in the last budget a contingency of 5.674 billion dollars was committed for those 2012 debts. A total of 44,804 billion Pesos mature this year (approx 9.8 billion dollars) and on Friday is one of the main disbursements with the Boden 2012. The other big payment is scheduled for December with 3.435 billion dollars with bonds that are linked to the Argentine economy’s GDP.
Suggested Stories
-
May 17th 2013
Argentina’s ‘autarkic project’ worsens bilateral relations and multiplies problems
-
May 17th 2013
Argentine whitewash bill turning into ugly electoral debate
-
May 15th 2013
Paraguay on Independence Day blasts Argentina and Brazil over “power resource exploitation”
-
May 14th 2013
Argentine inflation controversy: court vindicates private stats agencies
95 comments Feed
Note: Comments do not reflect MercoPress’ opinions. They are the personal view of our users. We wish to keep this as open and unregulated as possible. However, rude or foul language, discriminative comments (based on ethnicity, religion, gender, nationality, sexual orientation or the sort), spamming or any other offensive or inappropriate behaviour will not be tolerated. Please report any inadequate posts to the editor. Comments must be in English. Thank you.
By the way, Argentina, you still owe the international community a lot of money, and the longer you take to pay it back the more interest you'll have to pay too. So your international debt keeps rising.
CFK: 'violence in football has been blown out of proportion with clear political intentions' (BA H)
Since when has political intentions in sport ever been an issue for the two-faced Argentine president, she had no problem when it came to the olympic advert on the Falklands, a taste of your own medicine biatch.
This is a small portion of what is really owed. The RG gov't is bankrupt. At some point the citizens will realize it and put a run on the peso.
Anytime now....
IMF give money to?? We can't pay unless we see who's accounts IMF deposited money in and the contracts to account for said money,.simple, good luck with that. We are all looking forward to make everyone accountable as everyone should be.
www.truthinmedia.org/Bulletins2002/2-2.html
www.globalresearch.ca/index.php?context=va&aid=26686
You accepted money and like the deadbeats you are did not pay it back.......period. You did not have to take it but you did and now are El un numero deadbeat borrower of the world. Ypou not only screw your lenders, you steal pensions from your own people. Deadbeats.....all capital letters.
So now what?
Since a good portion of the debt is owed in U$ they will need to keep extracting all U$ from their system,which will bring, lower imports, lower exports, higher inflation, lower peso, higher interest, less investment. Hmm I see a pattern,
Not gonna work tho...
What's the best short term solution CFK has?? Print Print Print.
Hyperinflation
What will come first Patacones or 10/1 peso? Anyone care to guess?
10/1 peso. She won't want any provinces printing patacones as that will instantly remind everyone of 2001. If she keeps on printing I have a feeling that she thinks she'll be able to keep ahead of the inflation curve. I know that this makes no sense buy if you look at RG policy at the moment it is exactly what they are doing (money base 160bn pesos in 2011, now somewhere near 250bn pesos...above a 50% rise in one year). To CKF (politically), patacones would signal to the people that there is a problem, a new one that sits badly in the social consciousness of the people. An increase in inflation is business as usual; it is easier to politically fend off an existing problem...
13. I think the Provincial Governors will have no choice but to print their own currencies shortly. She is not going to x-fer what she is LEGALLY required to and they will be short Billions of pesos. We'll see soon enough.
If she keeps increasing the money supply like they did this year you are going to need bags of pesos to buy coffee or sugar soon.
You are welcome to die (again), like 200 years ago.
In my opinion it will be sooner than she is expecting.
All of the large provinces thought they could get U$ by floating Int'l bonds but it isn't going to happen so they're going to be stuck by Dec when the next bonus payment is due.
We'll see, it isn't long now.
Maybe CFK will take all the bingo parlors and get through the summer.
Then what's left?
www.truthinmedia.org/Bulletins2002/2-2.html
www.globalresearch.ca/index.php?context=va&aid=26686
#9 personally I didn't receive one peny from IMF and if my taxes are going to pay for theft I want to see a accountability.
#10 I wouldn't be counting on any payments any time soon since it was all thefted by IMF corruption dealers. www.truthinmedia.org/Bulletins2002/2-2.html
www.globalresearch.ca/index.php?context=va&aid=26686
#11 I didn't say that we won't pay, what I said is, check who received the money on behalf of Argentina and prosecute him. We don't. Have your money, if we did we would be ritch with that kind of money you could buy a lot, show us the recite for the money spent in Argentina we will pay that. Bjtbdeposit gone to Swiss banks will not be payed by Argentine's tax payers. www.truthinmedia.org/Bulletins2002/2-2.html
www.globalresearch.ca/index.php?context=va&aid=26686
#12 in his wildest dreams.
#13 patacones will do fine as long as we can buy assado every weekend and eat meat all year round we Argentines will do fine.. As long as we can afford assado nobody is going to noticed the US dollars gone.
#14 you still don't know how many patacones and pesos have to be printed to de-dollarize Argentina, it's a gradual process. We will be printing for years to come. And if coffee and sugar go up good for the industry in Argentina because we produce both.
#15 personally I like pesos being printed and administrated from Argentina central bank but with more legal tender other then US dollars, the economy will be more versatile.
#16 do you think a brit can become good bbq meat?? Or dog food or simply fertilizer?? The answer couldn't be more obvious,
And we civilized folks wonder why Argentina has been a disaster for 70+ yrs and at least another generation. I think I have to re-post this on FB so my friends can laugh.
Good gracious what complete moron!
Whew shockingly ignorant.
You do not get that choice.....you are a republic democracy. You quote the internet far too often. That's like quoting a comic book.
I am real enough to know the problem in my country but still prefer to live in the USA more than any other country that I've ever seen. You on the other hand blindly and faithfully accept mediocrity for your country.
You can vomit out “kill muslims, woman and child” now that you are off the..“homo, racist and pervent”rant, yet your country is the one that killed it's own people, tortured them, tossed them out of plances over the sea, kidnapped children. Your holier than though attitude is beyond hypocracy.
Every country and people can choice whatever economical resource delivery system they choice to have, I could care less as it is not mine. However, I can also critque the idiots that rack up failure after failure, expropriate privately owned assets....than think private capital with stick around for the good of the cause. And the worst of it, make more and more money of the (you) people that have NOTHING and worse.....no opportunites for advancement in life. Free market businesses are leaving Argentina and South America in stampedes. That's not an anomoly, that's a trending increasing at an increasing rate. Once Argentina nears full pesofication, no business or capital from outside Argentina will remain. I know...I know.....that's that plan.....to self emoliate.
Really? What planet do you live in? Certainly not in any with oxigen for your brain.
Money is pouring into Chile, Peru, Brazil, Colombia, even Mexico and Uruguay.
In Argentina we don't to be subjugated by loans, foreign business, and debt, so we choose to reject it.
You have NO IDEA WHAT YOU ARE TAKING ABOUT!
You have turned into a brain dead, brain washed RG like the rest of the RG idiots that post here.
No one was begging anything, only your brain begging for H20, as well. The USA is about to enter a great depression, you will need every cent you can get.
(AFP) – May 8, 2012
WASHINGTON — Argentine Vice President Amado Boudou on Tuesday urged US companies to invest in YPF, the state-owned oil company that Argentina recently expropriated from Spain's Repsol.
www.google.com/hostednews/afp/article/ALeqM5ix-JGv1rQTYs4fmI81VSa6GUhuMg?docId=CNG.f06b3f115da0bd54c843b2d1d70de8f8.b01
Let's not forget the Botox Bitch's BJ party with American Oilman when she intruded on the UN.
It is quite apparent you do not understand economic terminology, for if you did you would know “great depression” is an historical event and incapable of occurring again. Increased poverty level (15.% Poverty in the USA is a family of 4 earning less than 24,000 a year), Anemic growth (1.5%) absolutely, high unemployment (8.2%) of course, runaway inflation (1.6%) hardly an afterthought, The Dollar.....still the world standard for international trade......why you ask.....two words.......consistent stabilty. The world still comes to the USA......as much as you hate that thought......true is ture.
Stick that in your hash pipe and choke on it.
I felt sorry for her.
The look of bewilderment was sad.
It is sad really most of them don't know the horrible times they have in store in the very near future.
Here's a thought. Anyone hear about the national rubbish strike? Maybe the trash will pile up on her new independence day.....lol.
Can the Botox Bitch of Buenos Aires expropriate rubbish? She deserves as much as she can get! I think if she really gives one for the gipper, she further decrease the standard of living in Argentina. I wonder if the future for them is a Welfare state of a barter economy?
25,000 years ago you would had to have been a hunter, gatherer or dead and I suspect the latter
Argies don't eat rice and beans, that's you Americans and the rest of the Latin Americans. We eat beef and udder.
Beef and udder huh? You macho Latinos!
Chuckle chuckle
tell us an udder one, its got meat on it lol.
Like the oil, capped at 42 a barrel and the world wide market is $87, yes Troll 87 US dollars. No company can afford to invest in drilling (especially shale) at 42. And the real pisser is if they increase to market prices, inflation will lift off like Apollo 11 to the moon.
Good old “planned economies”. Perhaps they might work if your degree is not from the back of a matchbox cover.
LMFAO!
Maybe you can send us beef packages. Export quality though please; not that cheap local stuff you all munch on non-stop.
You are a retard. What the butcher feeds the stray dogs is better than any meat you will see in the UK, EU, or US market. I'm not joking. The quality of meat is deplorable, tough, full of nerves and globs of grease, or in the case of EU/UK food, ridden with wonderful Mad Cow bacillums.
Nouriel Roubini, get mad at him, not me.
(OP=optional)
part 1: 3-5 sausages
1) chorizo argentino (100% pork)
2) chorisito norteño (litte sausages from Salta) OP
3) morcilla (related to black pudding)
4) salchicha parrilera OP
5) salchica polaca / kielbasa OP
part 2: 2-4 achuras (no idea how to translate this word, non-meat animal organs)
5) chinchulin (small intestine)
6) Tripa Gorda (large intestine) OP
7) mollejas (sweetbreads)
8) riñon (kidneys) OP
part 3: 2-4 pre carnes (this part is usually only present in COMPLETE asado)
9) carne de higado (kidney meat)
10) pollo asado (grilled chicken)
11) corazon (heart)
part 4: carnes (meats)
12) costilla de asado (the ribs)
13) entraña (the meat of the cow) OP
14) vacio (the backside)
15) otro corte (another cut) OP
part 5: festin gaucho (the gaucho cuts) OPTIONAL only for the ultimate barbecue
16) ubre (udder)
17) sesos (brains)
18) criadilla (the balls of the bull)
19) tucuru (boiled tenderized feet)
part 6: sides
20) ensalada mixta (lettuce, tomato, onions)
21) escarola (hard boiled eggs, cabbage, tomato, onions)
22) provolone (melted grilled provolone)
23) matambre
24) picada (three-four cheese cuts + peanut medley)
25) 3 month warm climate malbec or 1 year aged cabernet
part 7: desert
26) panqueque de dulce de leche (argentina pancakes filled with DDL)
27) flan
28) sweet Torrontes (desert wine)
done.
Why would I buy my meat in the UK?
Please do tell me more. This dumb Gringo loves hearing tales of despair coming from the macho meat capital.
What is a “gringo”?
I have to say I am surprised you had to ask that. Gringo is Spanish for foreigner.
Now good night my poor young Latino deadbeat. I'm off to eat some gristle and fat at the local restaurant. I'll most likely have some rice with it also. I wonder which of the Latino waiters will serve me tonight.
Ten years after the systemic crisis of 2001/02, the prospects for sustainable political and economic development in Argentina are not promising. The political system remains personality-driven and populist, based more on personal loyalty and clientelistic networks than on strong and representative political institutions and constitutional rules. The death of Néstor Kirchner, previously the undisputed political leader in the country, produced, on the one hand, the revalorization of the ex-president and of the Peronist movement. On the other hand, it has provoked the resurgence of power games in the political arena as new coalitions are forming to either support or combat Cristina Kirchner’s re-election in 2011. Innovative learning processes among the political elite are not in sight. The unification process among opposition forces came to an end before it had really begun. The internal battle for leadership within the Radical Civic Union (UCR) remains just as undecided as the question of potential alliances with other political forces. The relationship between the central government and the provinces also remains precarious. The combination of parties, organized power in the provinces and the lack of internal democracy favors clientelism and permits only ad hoc coalitions, not the formulation and implementation of a sustainable political strategy.
In the economic arena, the next government will face the unresolved problem of inflationary pressure caused by the restructuring of pricing structures and swift growth in demand, which may lead to a supply bottleneck, and, as a political consequence, to social protests. The first steps to correct the upwards trends of inflation rates and inequality would be to reestablish a serious and credible statistical system, to implement structural poverty-reduction policies and to provide incentives for higher saving rates. However, the structural basis for sustained economic development remains fragile as Argenti
Night. Thanks for reminding me, I'll go check the near-by wine bar. I wonder which English backpacker will want to service me tonight.
Well that was a nice meal. In the end I didn't go for any red meat but instead had some lovely Falklands seafood. The service was good.
Ha ha. Nice try TTT but we both know the deal. The European packpackers are youngsters, either gap students seeing some of the world before starting Uni or people who are slightly older but still having some fun before settling down into a career. Generally they are living on a shoe string but have the security of Mum and Dad's credit card for tight times.
The Latinos who served me my meal and washed my dishes tonight and serve me my groceries, mind my kids, clean my house, cut my grass and wash my vehicles are living here semi-permanently, often on their own, trying to make some money to send home to their families (often including Mum and Dad). I have total respect for them but everyone can see the difference. Your backpackers have the world in their hands, my Latinos are living hand to mouth.
What a lucky bunch we have here. Good thing this isn't the internet where nothing is what it seems...
Oh wait.
And grass in the Falklands? What grass?
hahahaha
A lot of backpackers just stay in Argentina, there are tens of thousands of them illegaly teaching English, French or Italian on the side, or working as waiters, or trying to actually get a real job, or simply just “lolling” in the vineyards, in BA city, or also in Patagonia, particularly Bariloche or El Bolson (for the flower power crowd, of course many backpackers being of that mentality).
They all say they dread going back to the mess their countries are in, that you might as well stay in a country where you can live life even if things are messy, than to work away in their countries which are no longer what they were. They are tired of bad news from back home.
I've lifted the spirits of a half dozen of them, well, they asked me, begged me really. Sure, I said. Ever heard of the “drink around the world” at Epcot? I'm doing the “foutre around the world”.
LOL! We're hardly millionaires; a joint family income of FKP96,,000 is hardly a millionaire's wage but I guess that's how it seems to you. Honestly though, there is not much unusual for a middle class dual income family here to get some help around the home.
The grass only needs mowing in the summer months. I get it cut once a fortnight. We get half a day of housework per week and a nice old lady does half a day of ironing. Not sure how we got onto having our vehicles washed but a cousin (I think) of the young woman who cleans our house offered to wash our Landrover one day when he came to pick her up. It was filthy after a drive to MPA so I agreed. Anyway, one thing led to another and now he washes both vehicles for us once a week. I just tallied it all up and the whole lot comes to around FKP150 per month. I really don't see how that equates to making me a millionaire but maybe I underestimate the divide in wealth between the average Joe here and the average Tobias there. Ha ha.
Macho latinos? How about macho Eurochavs??
www.youtube.com/watch?feature=player_embedded&v=YVXc2o5shto
“On peut parler d'un cauchemar” ....
Women indeed live a daily nightmare on the streets of Europe... and the Belgians are well known as the most prudish of Europeans!! Imagine the strees of London, Paris, Rome, Madrid, Berlin... FAR WORSE than anything I've ever see in Argentina!!!
Machitos tontitos europeitos..!!
Freudian slip methinks...Toby...
I was going to point that out to TiT when I read it but then I remembered that he has perfect English- in fact so good he's probably an Anglophile- so I figured each to their own. I guess he'll manage to find the odd back packer who'll be grateful for the extra cash.
eeeeeewwwwww!!! Pass the mind bleach please!!
There's a mental picture I don't want.......
In English, “service me” is what a bull does to a cow !!!!
I will give you the benefit of the doubt you did not mean to infer that.
You will have to be a bit more careful in your English usage. Also, some of the archaic English words you are fond of using do not have the connotations that you believe them to have.
Lets better deflect attention to some absolutely obscure idiomatic regionalism, when of course we coudn't say “bonjour”, “N'Abend” or “Buenas Noches”, even if their manhood depended on it.
Appalling lack of respect for women in Europe (and imagine in the USA, where white men are far more into the “Christian” and “gun” macho culture, and then you have black and mexican minorities... no wonder the American women adore the gentlemeness of the argie male).
You're like a bad fart that lingers around too long. As usual, you know nothing of the words you use. You have no minorities in RGland because like the nazi's, you killed them all!
Really? Am I getting to you that like all others here must resort to cheap lies?
hahahahah.... Truth Telling Troll, ending the myths about European/American non-machismo, economic supremacy, cultural superiority, and historical integrity.
TTT... The cynosure of truthdom.
They are cowards and bullies. Strong with the weak and Weak with the Strong.
Well known phrase after a couple beers “I'll do it but don't tell anyone!”
There are also bars that have tables full of RG military that are taxi boys (male prostitutes), mostly foreigners go and pick them up for the night.
Why do you think Arg is such a huge destination for gay travelers? Hmm I wonder....
But I am sure I am not telling you anything you don't already know.
Not that there is anything wrong with it...
When have you ever been Strong with the Strong? Invading Grenada, Panama, Bosnia, and Kosovo makes you macho, you think? HAHAHAHAHA
And the two times you actually invade some country with a bit a balls (Vietnam, and Afghanistan), you high-tailed it out of there with the tail tucked between your cheek-line.
No, until you fight China + Russia and invade them and occupy them, no you are not macho.
Of course, Americans should be the last ones complaining about prostitution in their public service ranks... HAHAHAHAHAHA.
I do hear from American women, American gays, and from American Christians. They all say the same thing: you are no longer the land of the free. Women are harrassed, gays discriminated all over (see the restaurant chain), and Christians assaulted (can't even put Christmas decorations up).
In Argentina women feel liberated, gays totally free to admit who they are, and Christians can say “Jesus bless you” in a public building without fear of the thought police ruining their privacy.
America... lol, once people did admire you.
I
t just seems strange that we still have the highest immigration rate of any country in the world and people literally are dying to get here.
How many rafts are going from Miami to Cuba? Wow that many?
Hahaha
Buy sugar loser.
10 years is hightailing? I seen your pussy's you call soldiers in central america......those girls would not patrol at night because it was “dangerous”
In the 60's, women here were like that in RGland, second class people. By % there are more powerful people in America than there ever will be in RGton. You need to read about states and the constitution before mucus flows from your mouth. In the USA, marriage is a state right.....feds cannot regulate......but what would you know about a real country opposed to a wannabe. We don;t change history by allowing men born as men, change to a woman and then change the birth certificate......that's changing history. But RG's rwrite history all the time like thinking Falklands is RGland.
You're so fucking brave......take Falklands if you think it is yours?
Mexican immigration is down to net 0, not even them are crossing. When was the last times Cubans got on a raft? I read sources that say its been 2 years... before the crisis that was a monthly occurrence. that should tell you all you need to know.
@70
Are you some sort of moron? So a 2nd class person is president of my country, and re-elected? My God, we are so bad to women? You are a joke when you can't even acknowledge that this country is better than yours in treating women and gays equally. I'm happy your states have constitutions, maybe sometime your feds will let them use them for a change.
Toby, you must read trashy progressive web sites because you spew out some terribly ignorant posts.
Cuba 33,573 2010
US immigration from Cuba these have not materially changed in many years.
2010 total 1,042,625
That number is pretty steady for the last 10 years.
www.migrationinformation.org/datahub/comparative.cfm#worldstats
Women prisoners are raped by the guards, husbands and boyfriends set fire to their partners, the latest rage in Argentina. Only in the past few months could a women that was raped get an abortion.....RAPE! Even then allowing this remains dubious.
And access to birth control is difficult at best. SIP women are better in Argentina.
Bahahahaha Democracy indeed!
I guess they expect everyone to sell their body while on vacation to have a decent dinner.
Set fire to partners? You mean one case (if that is even true), stigmatizes the whole country as partaking in such crime?
Then how about in the last few days, three cases of fathers shooting their wives and children dead in the USA, what does that make you?
You are a sick society, and you can't hide that from the world.
Check this out:
news.yahoo.com/fla-man-accused-disturbance-batman-movie-103705187.html?_esi=1
Isn't this the 10th time something like this happens in the USA in the last 10 days?
That's right, in your country, people can't even go to watch a movie in PEACE... they are terrified for their lives. How about all the mall shootings, people now panic at the slighest raising of voices between two people, read on the Huffington Post.
How about religious liberty? Read the Word Net Daily, that Christians and Jews can be officialy seen as discriminated because their beliefs are outlawed in public.
That's what your country has become, a scared-to-death country to go to a mall, a movie, or a university campus, a country where 25% of children are poor, where 15% unemployment reigns, and where women and gays can't get away fast enough.
Congratulations!!
BTW the HuffPo is a progressive rag. If that is the type of “news” you read no wonder you get most of your facts wrong.
Buy sugar loser.
Only narrow fools like you only watch Fox News and read WSJ. You can't take an alternative viewpoint to your fragile convictions.
What do you do for a living? Waiter? Bartender? Hotel? I'm guessing it is something to do with tourists.
I think that is why you are so bitter, you are surrounded by people richer, more traveled and better than you are. You are forced to serve them and keep your mouth shut and do whatever they tell you to do. That is why you come on this board and vent.
Get me a cortado. Thanks.
Please may someone with an ounce of World Savoir-faire explain to him why I juxtaposed Le Monde and Figaro, Telegraph and Guardian, ABC and Pais, Pagina 12 and La Nacion...
This is some of the funniest moments ever here!! He is dissing me as a waiter because he thinks my ABC comment is about 'his' ABC!!
This is a Greek tragedy, with yankeeboy as the protagonist. :)
Waiter, Bell boy or Front Desk person. I know I am right.
Bitter bitter guy,
How far do you think U$70/day will go once you save enough for a plane ticket that is..
Will that take 1 or 2 years?
Bring my bags up but make sure you don't talk to me.
Here is $5 pesos thanks!
What is the pattern, 3rd graders out there?
Yes, kids, one is liberalist the other traditionalist. Example: pagina 12 liberalist, La nacion traditionalist.
So “ABC” is not the tv chain, but a newspaper...
3rd graders, thanks for the answers, now explain to Yankeeboy. jojojo.
I will be serving you coffee yankeeboy. I promise I will always do just that when people begging for jobs are vouchsafed an interview in my corner office. :)
Bitter and Pathetic are you also Think?
Maybe he can just send them a pallet of sugar
Contract from what? LOL, contracted for 20 years already, what's left?
Big difference when your manufacturing contracts from multi-decades low levels, vs contracting (like in Argentina) from secular highs....
I'm sure we'll see some more Bushbama-towns along the railtracks any time.
1. America’s manufacturing output, measured in constant 2005 dollars, has continued to increase in almost every year since 1970, except recently for recession-related decreases in 2001 and 2008-2009. In every year since 2004, manufacturing output in the United States has exceeded $2 trillion, and that’s twice the output produced in America’s factories back in the early 1970s. If the U.S. manufacturing sector were a separate country, its enormous size would rank today as the sixth-largest economy in the world, just behind France, and ahead of the U.K., Italy, and Brazil. And while manufacturing growth has been relatively flat in recent years for Japan and the European countries (Germany, U.K., France, and Italy), America’s manufacturing continues to grow at its long-term trend of 2 percent per year, on average.
bring me my bags....loser
When I first moved to Argentina in '77 there was no such thing as an American fast food restaurant anywhere in the country, I think there was a CheBurger in B.A. but that was it. You seem to hate the Americans so much and deride them as part of your Argentine blind patriotism but everyone in your country does so much to embrace American pop-culture. Last May I was in Mar Del Plata and I hadn't been there for about twenty years. The busiest restaurants on the peotonal are McDonald's and Burger King. Who in their right mind would eat a shit hamburger from McDonald's when they could get a Lomito made with real beef tenderloin from a cow that never ate anything but grass its whole life for the same price? I'll tell you, a culture that yearns to be American, to have everything American and to raise their standard of living to what they enjoy in America. Your command of the English language follows suit, maybe they will give you a visa one day
Such a busy life you lead, reading all those newspapers, watching youtube, and being the resident mercopress controversialist. However do you find the time for anything else?
#67 “Strong with the weak and Weak with the Strong”
What a great description....of yourelf!
Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!