MercoPress. South Atlantic News Agency
Argentina complains involvement of Texas company in Falklands’ oil activities
President Cristina Fernandez government expressed its deep disappointment directly to the State Department following the announcement that the Texan oil company Noble Energy would become involved in hydrocarbons activities in the Falkland Islands. Read full article
Comments
Disclaimer & comment rulesYup, reckon that's scared the pants of the U.S. Government
Aug 08th, 2012 - 07:33 am - Link - Report abuse 0As predicted. Of course they will be ignored - the worry was that Argentina would get one of its courts to declare the exploration activities illegal and then use that decision as the basis for some sort of action that would increase tension. I think that is much less likely now there are US, in particular, commercial interests involved.
Aug 08th, 2012 - 07:35 am - Link - Report abuse 0Silly little RGs hehe
Aug 08th, 2012 - 07:42 am - Link - Report abuse 0Let's face it - they complain about everything and the rest of the world is well past bored of listening to it.
Aug 08th, 2012 - 07:44 am - Link - Report abuse 0There used to be an Olympic gold for architecture and town planning - can we introduce one for moaning so our South American friends have a chance?
Time to ignore the Argentinians and concentrate on the real business.
Aug 08th, 2012 - 07:48 am - Link - Report abuse 0The next 60 days are crucial.
““So far there have been no replies from the governments involved”.”
Aug 08th, 2012 - 08:21 am - Link - Report abuse 0Lol I wonder why?
Now that a US oil company is involved the Argentines need to be very careful.
Aug 08th, 2012 - 08:48 am - Link - Report abuse 0hahahhahahahah....hahah...hahaha..ha!
Aug 08th, 2012 - 08:53 am - Link - Report abuse 0Beer....check...
Aug 08th, 2012 - 09:14 am - Link - Report abuse 0Popcorn.... check....
This will be fun to watch........
These 'threats' of legal action have been made fir months, nd nothing has come of them.
Aug 08th, 2012 - 09:27 am - Link - Report abuse 0Why? Because the Argentines have NO authority over the Falklands. The UN recognises British sovereignty, the EU recognises British sovereignty, the only ones who don't are Argentina and a few 'countries' such as Venezula, Syria and Iran.
Even the Chinese and the Russians recognise British Soveignty.
Poor Argentina. Fancy being ruled by this bunch of muppets who don't even know international law. They act like crooks, con-men who 'try' to sell other people's property to gullible people. The problem is that the international community isn't that gullible.
I can just imagine a group of Texas oilmen gathering round a map trying to find Argentina.
Aug 08th, 2012 - 09:43 am - Link - Report abuse 0@8
Aug 08th, 2012 - 09:49 am - Link - Report abuse 0Or even.....
jajajajajajajajaja
7 ElaineB
Aug 08th, 2012 - 09:53 am - Link - Report abuse 0It was only a few months ago when the deadbeats from Argentina on here were telling us that the USA was actually on their side.
Chuckle chuckle
Does “disappointed” equate to CFK having a tantrum like Violet Elizabeth Bott in the Just William stories?
Aug 08th, 2012 - 09:57 am - Link - Report abuse 0She can thqueam and thqueam until she's thick all she likes. Now the US are getting interested her options are getting very few
Chuckle chuckle (C) Joe Bloggs
“a complaint” and not the usual “demand” from the argtard empress?, funny how dealing with the US she brings a more passive change of tune.
Aug 08th, 2012 - 10:32 am - Link - Report abuse 0Unfortunately the tard empress and her child like stance of “we want it all” has left the tard state with nothing.
I say bring more countries to the Falkland Oil party and keep tardsville in the cold with their BITTER lemons and cash starved economy.
Another embarrassing episode in the car crash that is Argentina. I am still waiting for the May 2nd legal action to commence. How many kangaroos can the impotent Argies find?
Aug 08th, 2012 - 10:37 am - Link - Report abuse 0I like this bit, not only are they complaining to the US government:
Aug 08th, 2012 - 10:55 am - Link - Report abuse 0“Like wise the communication will be delivered to the New York stock exchange, to the US Treasury, to the US Securities and Exchange Commission and to the International Organization of Securities Commissions.”
Well, these people can always use some free toilet paper.
Argentina WAKE UP, the WORLD recognises BRITISH sovereignty of the Falkland Islands, because the Brtitish have the Historic, Legal and Moral right to Sovereignty.
If Argentina had been truly serious about the Falklands, then you should have done something about it in 1833, like try to retake them from the British. I mean it's not like the British left a military force there, just the colonists (you know the ones you said were expelled - but weren't).
Your country did nothing, which implies that you were not pushing your claims against the British, a move further reinforced by your government signing the treaty of perfect friendship in 1850 which showed you had NO disputes of any kind with the British.
Crying about it 180 years later is PATHETIC. You gambled on the military option in 1982, and LOST. You not only lost the war, but you lost any moral high ground you may have held.
And don't go on about it being the Junta, and that the 'poor' Argentine people didn't support the invasion. Yes you did! Hundreds of thousands of people all across Argentina 'praising' the Junta for the act. These same people who after you had lost the war DEMANDED that the Junta carry on fighting WHATEVER the cost in Argentine lives.
You supported the military option in 1982, and if your country could get away with it you would support it again.
When the black gold starts flowing, the Falkland Islanders will be one step nearer to being able to declare full independence, should they wish to do so.
Argentina MISSED out on the chance to share in this good fortune by acting like a spoilt, petulant child who couldn't get their way.
Aw...tough sh!t.
I think CFK should step back, take a deep breath and think for a moment about why a country with a huge abundance of natural resources (that being Argentina) can't get anyone (including the USA, who they went to begging cap in hand) to invest in their hydrocarbons industry whereas the Falkland Islands, a disputed territory still conducting exploratory drilling has managed to obtain investments from multinational companies.
Aug 08th, 2012 - 10:58 am - Link - Report abuse 0...and while we're calling in overdue actions. What happened to the January joint statement of solidarity from CFK and Pinera of Chile? Remember, CFK rushed over to Chile before her plastic surgery to have meetings with the Chilean president? She then announced that the pair of them would make a monumental joint statement. There was no statement. As the days passed, no statement. Weeks passed, no statement. Months passed, still no statement.
Aug 08th, 2012 - 11:01 am - Link - Report abuse 0Is Chile on Argentina's side or not? I guess not.
Chuckle chuckle.
@16 'Another embarrassing episode in the car crash that is Argentina.'
Aug 08th, 2012 - 11:24 am - Link - Report abuse 0Train wreck is more like it... and -btw- 3 derailments on the Mitre Line in as many days...
KFC and her cronies could not organise a piss up in a brewery....
I'm sure that the US is shaking in it's boots at the prospect of feeling the wrath of Argentina.
Aug 08th, 2012 - 11:50 am - Link - Report abuse 0Shaking, that is, until they're out of earshot when they can laugh out loud without seeming impolite (they are diplomats after all).
@19.......I think that was the plastic surgery that they messed up on CFK, but this time really badly. They were supposed to shore up her turkey flap neck but her neck actually turned out looking like a scrotum! Ick!
Aug 08th, 2012 - 11:52 am - Link - Report abuse 0Please support our fb page aimed at
Aug 08th, 2012 - 11:58 am - Link - Report abuse 0covering Falklands current affairs and
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@9Frank
Aug 08th, 2012 - 12:16 pm - Link - Report abuse 0You forgot to mention the 3D Glasses.
All these foreign companies have weighed up the risks and recognise their involvement in the Falklands as risk free. Argentina is simply using distraction tactics against its own population. The Falkands seem to be going from strength to strength whereas Argentina is sinking into the mire.
This compliant comes from the fact that not long ago the state owned oil company of Argentina YPF went to America to try and encourage investment in its hydro-carbon industry inlcuding with representatives of Noble Energy. They were told that without new laws to ensure their assets could not be siezed there was no chance, this is why YPF has now annouced it is now going to China to try and seek support. The kick in the balls is not that Noble Energy didnt invest in YPF but has now chossen to invest in oil and gas in the Falklands. It just goes to show that American oil companies see the Falklands as a better more secure investment than Argentina.
Aug 08th, 2012 - 12:32 pm - Link - Report abuse 0Timmerman stop moaning about it you brought this problme on yourself when you cut yourself from the rest of the world through a series of hyper populrist decisions which have made the majority of the worlds major economies vary of investing in your nation especially in oil and gas. If you want foreign investment dont sieze the assets of foreign investmentors without compensation.
According to La Nacion sources from Hector Timerman’s ministry, the meetings with the embassies of Italy and France evolved in “good terms” and were only limited to make the official communication regarding sanctions and legal actions. “So far there have been no replies from the governments involved”. because they know 1) Because the oil companies involved have no assets in Argentina, you have absoutly no way of punishing them in Argentina. 2) You cannot find an international court who has juristiction to decide the case.
The story shows that despire threats from Arg, oil companies simply do not care.
@13. I remember. I have a fair few contacts in DC, and Argentina is not, by any stretch of the imagination, a significant player there. What little Miss Narcissist fails to understand is the power of the oil lobbyists in DC. Now that a US oil company is legally involved the US government will back and protect their interests.
Aug 08th, 2012 - 12:52 pm - Link - Report abuse 0I think the US has tried hard to have patience with Argentina to keep the peace down there - like placating a screaming toddler in public - but if their behaviour is too unruly I suspect a 'slap' will be in order.
The RG embassy staff can't get a meeting with any high ups at State or WH. TImmerman burned that bridge when he boarded our Military Jet. Until CFK and her minions are gone Arg at best it will be ignored or worse it will be taught a lesson. The USA has a long memory for slights.
Aug 08th, 2012 - 01:07 pm - Link - Report abuse 0Timmerman is the very definition of a boob.
I am looking forward to this reality check. We've been promised it all year.
Aug 08th, 2012 - 01:30 pm - Link - Report abuse 0Which will come first? The economic collapse, a difinitive snub regarding the Falklands or a Silver revolution to curtail the madness?
Idlehands : don't be stupid, British and yankees knows ver very good were is Argentina!!! may be you don't know!!
Aug 08th, 2012 - 01:34 pm - Link - Report abuse 0I had heard that Argentina was located somewhere near the specific rim of a bullock’s posterior - but with all the expansionist furore going on it may have expanded to the dangling testes too.
Aug 08th, 2012 - 01:40 pm - Link - Report abuse 0“quoting Argentine Foreign ministry and diplomatic sources, says that the complaint was delivered personally by Ambassador Jorge Argüello in Washington to the State Department ignoring the US embassy in Buenos Aires.”
Aug 08th, 2012 - 01:43 pm - Link - Report abuse 0So, bypassing normal channels and Jorge Porgie delivered it personally.
I bet they took it off him and threw it in the trash with all the other bleats and whines from CFK.
Ha, ha, ha, ha, etc. :o)
Perhaps he did personally deliver it........to the Marine at his security post and not much farther.
Aug 08th, 2012 - 02:51 pm - Link - Report abuse 0@30 Small correction idle. Bullocks have no testicles as they are removed by castration
Aug 08th, 2012 - 02:51 pm - Link - Report abuse 0Only in the UK. Elsewhere it just means a young bull.
Aug 08th, 2012 - 02:59 pm - Link - Report abuse 0Well you learn summat every day. I have been a farmer for 42 years and have never heard of a young bull called a bullock anywhere in the world I have visited. As far as I am concerned bullocks have no bollocks so your allusion to RG govt is correct
Aug 08th, 2012 - 03:11 pm - Link - Report abuse 0What might have more credence with the USA than a hand delivered letter, is Argentina dropping all its protectionist measures, hounouring its debts and not striking up such close relationships with Venuezuela, Cuba, Syria and Iran.
Aug 08th, 2012 - 03:28 pm - Link - Report abuse 0Its almost like they are trying to antagonise the USA , then pleading that they are really the best of mates, and thinking the US will actually believe it.
Bet the letter ended up in the shredder.
To All,
Aug 08th, 2012 - 03:31 pm - Link - Report abuse 0I understand your glee at these RG setbacks given the harassment that CFK dishes out on the FI, but you should all really love this lady.
She has singlehandedly kick Argentina’s claims on the FI in to the long grass for another 30 years.
She has wrecked Argentina’s credibility.
She has run the armed forces in to the ground.
She has severely damaged the economy.
You should be rejoicing her every gaff (almost as much as BK does).
The British really couldn’t have hoped for a better Argie premier. Imagine if they had a serious leader who had fixed the economy, built up the armed forces and built up respect and credibility with the world!!!
For the record, I think you are all wrong on two points: firstly, there won’t be an economic collapse. Continued draconian measures and underperformance yes, but collapse no. And secondly, investment for the oil exploitation will come. Think and the other oil men will all be happy.
The RG politicians have absolutley no pride or dignity in themselves to continually put themselves in a position of being a laughing stock. What's more amazing is that they do not see themselves as a joke in the area of world of politics.
Aug 08th, 2012 - 03:44 pm - Link - Report abuse 0@38 In a crazy world the lunatics reign supreme, and theres no bigger asylum than latin america.
Aug 08th, 2012 - 04:41 pm - Link - Report abuse 0Where are all the malvinistas? More power cuts? Their day down at the benefit office? Too busy trying to find a loaf of bread they can afford? I don't count the thing @29. It's not only unintelligible, it's stupid as well!
Aug 08th, 2012 - 04:52 pm - Link - Report abuse 040. No Subways again today! I have been there when there were subway strikes and you are better off just staying home. Traffic is a mess and people are furious. They have to stand for hours waiting on a bus or give up and walk home.
Aug 08th, 2012 - 05:00 pm - Link - Report abuse 0http://www.youtube.com/watch?v=eyrE3ZwMsKg Press TV news
37 Condorito
Aug 08th, 2012 - 05:18 pm - Link - Report abuse 0Please tell me (being one of the ones who are wrong) on what possible basis do you base your opinion that there will not be an economic collapse?
Could the Texan oil company Noble Energy be annexed by Argentina?
Aug 08th, 2012 - 05:29 pm - Link - Report abuse 0If Argentina owns the Argentina Sea, the Western South Atlantic Ocean, the Weddell Sea sector of the Southern Ocean, West Antarctica and the Antarctic Peninsula, and all islands and archipelagos throughout these millions of square miles, and all the EEZs that these terrestrial provinces bring, then it is one of the most extensive and asset-rich countries in the world .... and someone to be reckoned with.
The USA should be most circumspect and should not annoy such a big world power.
Argentina has warned the USA, and that warning should be enough.
@37
Aug 08th, 2012 - 05:33 pm - Link - Report abuse 0It is not glee at the setbacks for the Argentinian people.
What we cannot understand is that a country so rich in resources can be led by such a pathetic head of state and government.
None of us are are saying that our own leaders and government are getting it right! - but we all wish we had the same natural resources that Argentina has.
Back on topic kind of, the new head of YPF has given up with his Int'l hunt for new capital to develop the tight o/g fields and will instead concentrate on trying to get more short termproduction out of current fields.
Aug 08th, 2012 - 05:51 pm - Link - Report abuse 0The fields have been in production for 25+ yrs. They are almost dry. Great way to run a country/business. So what happens in 5yrs when there is nothing left? hmm
Epic Fail
45
Aug 08th, 2012 - 06:02 pm - Link - Report abuse 0Ive seen it reported that the ceo of ypf was thinking of walking.
Sorry, did I mention
Aug 08th, 2012 - 06:03 pm - Link - Report abuse 0Hahahahahahaha. Hahahahahahaha hahahahahahahaha....hahaha
Poor Cristina.....
@45 nationalization has a funny habit of putting companies off from investing, strange that.
Aug 08th, 2012 - 06:08 pm - Link - Report abuse 0Argentina took the chance and lost, a great example of how not to run a country, I hope she stays on the throne forever, the longer shes on the more damage Argentina gets, at this rate Argtards will need to wheelbarrow millions of pesos just to buy stale bread. :)))))))) while she has a modest asset evaluation running into the millions of US$(known) what would you expect from an advocat of poverty (latin style).
46 scarfo
Aug 08th, 2012 - 06:28 pm - Link - Report abuse 0The establishment obviously oferred him all sorts of things and promises, to fund the business properly I would imagine, before he accepted the job.
He must have forgotten what it is to be an Argie in power: promise anything, deliver nothing and blame the poor sap who believed you for the train crash that will inevitably arrive. (That was not a joke about the three derailed trains!).
I was amazed he even took the job in the first place: it shows a consummate lack of judgement. I have said before, this could kill his career.
@42 Chris
Aug 08th, 2012 - 06:40 pm - Link - Report abuse 0Well you are not wrong yet.
A few months ago many were predicting that Argentina would collapse by July – hasn’t happened.
I know the country is in a mess and incompetently managed, but a collapse like in 2002 isn’t going to happen. Back then they defaulted on a mountain of debt, there was a run on the banks, the banks pulled the drawbridge up and the economy collapsed. Currently there is no debt burden. If the economy registers no growth this year, all that means is, exactly that, the economy is the same size it was last year. If it shrinks they will all be a bit worse off, but there is nothing that will push the economy in to free fall.
@44 Agent
I’m with you. I can’t understand it either.
Has this been reported in the Argentine press? Can't see it in the BA Herald?
Aug 08th, 2012 - 06:59 pm - Link - Report abuse 0We must be losing something in translation here. The word illegitimate is bullshit in this context of course but clandestine? After all, even if any of these companies were illegitimate how can they be clandestine when they have announced to the world business community exactly what they are doing? They keep using this word but seriously I really don't think that they know what it means.
Aug 08th, 2012 - 07:00 pm - Link - Report abuse 0@52 Indeed, I wonder what the original Spanish word was - possibly one that should translate closer to 'underhand' or 'without our approval'. Or maybe they really do think that these guys are skulking around with radar-stealthed drilling rigs or that they are pretending to be fishing boats :)
Aug 08th, 2012 - 07:12 pm - Link - Report abuse 0@52
Aug 08th, 2012 - 07:13 pm - Link - Report abuse 0It's no more absurd than'give peace a chance', when they are the ones that invaded. Does anything make sense to them?
51
Aug 08th, 2012 - 07:21 pm - Link - Report abuse 0If youre referring to the ceo of ypf, just google {ceo ypf resigns} he threatened to walk about a month ago.
Also the magic 100 day plan is due to be announced by the ceo in the coming week or there abouts, this should be good!
http://www.buenosairesherald.com/article/100180/galuccio-hosts-first-meeting-as-ypf-head-pledges-to-unveil-strategic-plan-in-the-next-100-days
@53 Argentina doesn't “own” the oceans except as prescribed by International Law 12 nautical mile territorial limit and 200 nm EEZ. I'm not sure that I see Argentina as some kind of regional superpower. The US has nothing to fear
Aug 08th, 2012 - 08:08 pm - Link - Report abuse 0They do have some rights to their continental shelf but this doesn't affect the Falklands or South Georgia and the South Sandwich Islands as their EEZ has precedence
Off topic a little. This was in the Bllomberg:
Aug 08th, 2012 - 08:55 pm - Link - Report abuse 0“Galuccio is scheduled to travel to Argentina’s Mendoza province tomorrow to unveil an educational program for YPF employees, Di Lazzaro said. Next week, Galuccio will announce investments at YPF’s Refineria La Plata refining division, Di Lazzaro said”
Maybe re-educating the workers about their lower wages? How to live without a job?
@56
Aug 08th, 2012 - 10:39 pm - Link - Report abuse 0“They do have some rights to their continental shelf but this doesn't affect the Falklands or South Georgia and the South Sandwich Islands as their EEZ has precedence”
There is no such thing as “precedence” in territorial matters, you are simply ”défoncé(e)”. The EEZ of the Falklands is simply not the normal size on their western side, it is some crompromise distance because otherwise their zone would encroach in Argentina's zone.
@42
1. Argentina in 2001 had debt to GDP levels of 140%. Today it is 45%.
2. Argentina in 2001 had a straight jacket, no monetary nor fiscal indepedence. Today it has the printing press and fiscal policy at its disposal.
3. Argentina in 2001 had record low prices for its main exports, today there is a commodities bull market.
So, fiscal ability, monetary independence with a non-pegged currency, far lower debt load, much higher prices for its products.
In other words, there will not be a 2001 implosion. Sorry for the bad news.
@56 I stand corrected - yes, this would be the case if two territories were less than 400 naut.miles apart
Aug 08th, 2012 - 10:47 pm - Link - Report abuse 0Glad to see TTT actually used the word “Falklands”. Slipping a bit troll arent you?
Aug 08th, 2012 - 11:44 pm - Link - Report abuse 0#37 When have I rejoiced in the majestic Cristina's gaffes; to the best of my knowledge she hasn't made any =) And she (and Nestor) HAVE rebuilt the country, its just building up a military force was never part of the plan. She is a respected leader in the world where it matters most, with the progressive countries of Latin America. And I note that you do not yourself agree with those who think she's about to crash the country, nice to see some on the right can cope with reality =)
Aug 08th, 2012 - 11:50 pm - Link - Report abuse 0And CFK may have implied,
Aug 09th, 2012 - 12:00 am - Link - Report abuse 0If this don’t stop the Americans, we will impound one of there fleets,
And if necessary we will impound all American assets,
We lets be fair here,
We can all dream, cant we, CFK may of said .lol.
BK
Aug 09th, 2012 - 12:09 am - Link - Report abuse 0Rebuilt the country! Take a look at it when you go there.
@61 really? maybe you should check out the clarin website theres no shortage of overwhelming homegrown hatred for the argentine govt amongst readers comments, The argtards are p1ssed with their empress. thats the reality, you need links? or are you capable Mr. la campora?
Aug 09th, 2012 - 12:15 am - Link - Report abuse 0#64 Clarin lies
Aug 09th, 2012 - 12:28 am - Link - Report abuse 0@65 So do you or are you just blind to any critiscm?
Aug 09th, 2012 - 12:53 am - Link - Report abuse 0Toby, You are shockingly ignorant about economics and monetary policy. There is a crash imminent but too bad for you if you have not made any plans to get yourself through it.
Aug 09th, 2012 - 01:02 am - Link - Report abuse 0@56 and 58
Aug 09th, 2012 - 01:10 am - Link - Report abuse 0The EEZ and the continental shelf are two different things. The EEZ applies to the waters, not to the continental shelf, or to the seabed and subsoil where there is no continental shelf.
The maximum EEZ is 200nmi
The maximum continental shelf over which a state can currently exercise jurisdiction is 350nmi if it extends beyond 200nmi, the state has submitted evidence of the outer limits of the shelf to the CLCS, and the CLCS has issued recommendations on that submission. The CLCS has not yet issued any recommendations on the UK's or Argentina's submissions for that area, and won't do so while there is a dispute.
If the CLCS has not yet issued a recommendation the maximum is 200nmi until it does
If the Continental shelf does not extend to 200nmi, the maximum jurisdiction is 200nmi. ie over the continental shelf and over the seabed and subsoil where there is no continental shelf up to 200nmi
Obviously the maximum figures above will be less if they affect the EEZ or continental shelf of the opposite or contiguous territory of another state.
The extensions apply to the continental shelf only. They don't apply to the EEZ. Any waters above the shelf between 200nmi and 350mi will remain international waters.
http://falklandsnews.wordpress.com/2012/08/09/argentina-complains-of-illegal-activity/
Aug 09th, 2012 - 01:11 am - Link - Report abuse 0:-)
@61 B-K
Aug 09th, 2012 - 01:24 am - Link - Report abuse 0The fact that I, like most, are disappointed by CFK’s leadership might put me on the “right” side of reason, but not necessarily on the political right. If you could get beyond your older-woman fetish you might just see that the only thing progressive about her leadership has been:
Progressively shrinking production
Progressively rising unemployment
Progressively increasing inflation
Progressively increasing violent crime
Argentina’s ability to avoid collapse will be despite CFK, not because of her.
67 Yankeeboy
There is no crash imminent. How about a wager with a timeframe?
@60
Aug 09th, 2012 - 02:06 am - Link - Report abuse 0It is a wry riot to see so many here concocting contrived controversy in order to achieve some self-deluded higher ground against a person as gifted in knowledge, education, IQ, and hard worked edification as myself.
What do I mean? Well, show me where I have used “Malvinas”. You will find out to things if you bother to sleuth: 1) I have NEVER used the name Malvinas (and that anyone here can't deny), 2) I almost never discuss the Falkland's sovereignty dispute. Irrelevant for me. The only thing I may discuss around the Falklands matter is the issue of Argentina not signing agreements with the UK / Falklands, which of course would be a suicidal idea given the iniquitious track record of the latter in using treaties to usurp territories in the last 500 years.
@71 Can I suggest you add schizophrenia and irrational anger to your list of attributes. We all have our downsides.
Aug 09th, 2012 - 06:28 am - Link - Report abuse 0@71
Aug 09th, 2012 - 06:54 am - Link - Report abuse 0And despite your gifts in knowledge, education, IQ, and hard worked edification, you have never yet provided an example of your contention that stands up.
Do you do ufology as well?
@62
Aug 09th, 2012 - 10:31 am - Link - Report abuse 0“When have I rejoiced in the majestic Cristina's gaffes; to the best of my knowledge she hasn't made any”
Thanks for confirming the level of your knowledge.
s gifted in knowledge, education, IQ, and hard worked edification as myself.
Aug 09th, 2012 - 11:54 am - Link - Report abuse 0hahaha
The whole country needs to be treated for narcissistic personality disorder.
TiT
Aug 09th, 2012 - 12:11 pm - Link - Report abuse 0Chronic wanking is not a gift, you should have listened to your mother!
50 Condorito
Aug 09th, 2012 - 12:52 pm - Link - Report abuse 0Some here predicted the collapse as July, I never have. The only thing I had a 'bet' on, with Ogara (no less) back in July 2011 was inflation would get to 35% by 1st August 2012.
My predictions for a default were and still are the blue dollar at 9:1 and inflation at 40% by the end of the year (2012).
The combined effect will then result in runaway inflation leading to a meltdown of the economy by the end of 2013.
70 Condorito If I could tell you WHEN a certain event will occur I would be a gazillionaire.
Aug 09th, 2012 - 12:57 pm - Link - Report abuse 0I will stand by my statement that a crash is imminent.
There is no way any economy can withstand a 55% increase in monetary base IN ONE YEAR without the corresponding effects of inflation and wage spiral.
Unless there is a drastic cut in gov't spending and pull back of the monetary supply HYPERINFLATION is a given. There is no economy in history that has not gone into a severe depression due to hyperinflation. NONE.
Argentina doesn't have a magic economy and its current dictator is probably crashing it on purpose so she can implement more Emergency decrees and stay in power.
CFKs gov't is broke, she'll print more, once the general population loses ALL faith in the peso all is lost. How long does that take, depends, let's see what she nationalized next! Bingo parlors? There is a little cash there does that give her 2-3 months of new cash flow? Banks? 6-12 months more cash flow? There are still a few assets left to nationalize but at what cost? I don't think she cares at all about the long term problems she is creating.
Messy business ruining a country.
What takes place on the Falkland Islands or it's waters has nothing to do with the clown Arguello, the Botox Queen nor the Tin Man.
Aug 09th, 2012 - 12:57 pm - Link - Report abuse 0#78 “its current dictator is probably crashing it on purpose so she can implement more Emergency decrees and stay in power”
Aug 09th, 2012 - 01:00 pm - Link - Report abuse 0If she was already a dictator why would she need to do that?! You're getting raveled, as we say in Scotland, with your hate for Cristina
@79
Aug 09th, 2012 - 01:06 pm - Link - Report abuse 0Thank you very much for unbutressing the argument of your own side, your honesty is appreciated. Now you know why Argentina pulled out of any treaties with the UK in terms of maritime matters, what happens in our waters has nothing to do with the clown Cameron or the Mummy II.
@81 - Tobias
Aug 09th, 2012 - 01:52 pm - Link - Report abuse 0Agreed what Argentina does in its own waters are your own business. But this current bunch of muppets in charge of your country are trying to tell the Falklanders what they can or can't do in their own EEZ.
Perhaps your government should concentrate on solving Argentina's current difficulties, I mean if they put as much effort and verve into sorting out the Argentine economy as they have into harrassing the Falkland Islanders, Argentina would probably be one of the richest countries in the world right now.
By the way, Tobias, Nestor Kirchner pulled out of the mutual cooperation treaties because HE wanted it all, and the Falklanders didn't believe that was fair. It was meant to be a 50-50 effort, half of the investment from Argentina, half from the Falklands, and then a equal split of the profits.
The greed of you former President, and the greed of your current President are the reasons why those treaties failed.
You constantly harp on about Britain and treaties. Well, Tobias, Argentina has met a treaty yet that it hasn't broken, or drastically and deliberately 'mis-interpreted' it to your soul benefit.
Name one treaty since the formation of the UN that the British have broken?
@65 predictable response, because only Empress kirchener has the truth that all must follow without question or reason, those infedels that choose to disbelieve the chosen one will suffer her wrath by post.
Aug 09th, 2012 - 02:20 pm - Link - Report abuse 078 yankeeboy
Aug 09th, 2012 - 02:48 pm - Link - Report abuse 0In 2008 the US monetary base expanded from $800 billion to $2100 billion, that’s a 160% increase in one year. Increase in 2010 and 2011 have been in the order of 30%. Total increase in US monetary base since 2008 = 240%
Collapse of the US economy is not imminent.
In Argentina hyperinflation will not follow if wages can be kept under control, hence the brewing confrontation with the unions.
People will not lose confidence in the peso if there is no alternative, hence the dollar clamp.
These are draconian measures required to fix self inflicted problems. CFK is clearly not a dictator, but I agree with your sentiment – a dictatorial iron fist will be required to suppress increasing public anger over pay.
Chris
A bold prediction.
84. We have under 2% inflation, you are comparing apples and oranges.
Aug 09th, 2012 - 03:03 pm - Link - Report abuse 0I am not at all happy with our Fed and I don't agree they should have a double mandate of full employment and price stability. I hope that changes with the next Prez.
The Peso is the one of worst performing currency IN THE WORLD. Printing more of it is not going to make it any better.
CFK has always lost the wage battles, she needs “THE PEOPLE” to stay on her side. High inflation is not going away is she going to have Union workers starving? I don't think so.
Stagflation, Hyperinflation, Depression
Stage 2 is about to start.
85.
Aug 09th, 2012 - 03:40 pm - Link - Report abuse 0“We have under 2% inflation”
That was my point about monetary base: massive expansion in US MB did not bring inflation.
The devaluing peso will boost exports and reduce imports.
She needs some of “the people” to stay on her side. Yes I think she will let the union workers starve.
I've never been of the school that increasing money supply causes inflation in general. I think it makes foreign investment more attractive. But with no foreign investment, expansion of money supply can be a cause.
Aug 09th, 2012 - 04:20 pm - Link - Report abuse 0Market power, retailers raising prices because they can relative to competition or rather lack of competition, Demand pull, demand for goods in relation to supplies and thats a big one in Argentina and of course Supply shock......Perception that the supply is in peril.
I believe those three factors alone are the driving forces behind Argentina's rising inflation and it is increasing at an increasing rate.
As CFK's model pushs away competittion and investment out of the Argentine markets, the natural forces of free markets will take hold and that is what we are seeing in Argentina. This and the confidence factor of the general state of economy in Argentina. No amount of talking up the economy can work in Argentina's case. She needs to realize that is she wishes to pay for a socail agenda in her country, she needs a free market economy to support. Not an economy run by the government. Total control is impossible.
The devaluing peso will boost exports and reduce imports. No it won't. If it was an open market economy maybe but Arg is far from that. Did it work in the 90s? What was the Austral 10000000000 for a candy bar?
Aug 09th, 2012 - 05:58 pm - Link - Report abuse 0hahahahaha
An officially devalued peso will increase inflation even more.
Where did you learn economics? UBA?
#86
Aug 09th, 2012 - 06:41 pm - Link - Report abuse 0Thats how it works or free market economy, not Argentina. However , an increase in exports cannot grow an economy. While Argentina will get richer in terms of foreign currency, the people are getting poorer in terms or real wealth.
88
Aug 09th, 2012 - 06:49 pm - Link - Report abuse 0I have never studied economics and have never professed to. I run my business fine with what I have learnt in the university of life.
Same goes for English, never studied languages and I am doing just fine.
“The devaluing peso will boost exports and reduce imports. No it won't.”
Oh yes it will! Even if the market is not perfectly open. There are no major obstacles to RG exports, so the lower peso will make price more competitive. I am sure you would agree with that. It is for this reason that central banks use various tricks to devalue their currencies to boost exports. It is why the US continually complains that the Chinese get competitive edge by artificially holding their currency down. Is it not?
Lower peso makes imports more expensive – agreed this can feed inflation, but given that there are significant import restrictions, the balance of trade will benefit.
I am not arguing these are sensible measures. In the long term productivity will suffer and they will receive reciprocal measures from trading partners.
obstacles to RG exports. except for Wheat, Corn, Beef, Oil...shall I name some more?
Aug 09th, 2012 - 07:11 pm - Link - Report abuse 0lower peso will make price more competitive ...splain me how this works for SOY to China and Cars to Brazil... a lower peso will not make either of these exports cheaper than their competitors AND the devalued peso has already made cares MORE EXPENSIVE than their competitors because of higher salaries and parts!
the balance of trade will benefit....unless countries retaliate that is...how are wine and olive oil sales going in the USA?
Buddy you are shockingly uninformed.
#88
Aug 09th, 2012 - 07:34 pm - Link - Report abuse 0While your basic assumption is essentially correct in a market economy, so long as real output can be maintained, let's not forgot of the increased cost to imports. And what does Argentina import that is needed?
Machinery
Cars and parts
Chemicals
Pharmaceuticals
Of course Oil
Even the majority of your clothes are imported. How can you possibly maintain economic output with a devalued peso that will skyrocket very much needed products that can only be imported at a much higher price?
“”“”The only thing I may discuss around the Falklands matter is the issue of Argentina not signing agreements with the UK / Falklands, which of course would be a suicidal idea given the iniquitious track record of the latter in using treaties to usurp territories in the last 500 years.“””
Aug 09th, 2012 - 07:34 pm - Link - Report abuse 0precisely, we're good at it too, so shut up already.
91.
Aug 09th, 2012 - 09:53 pm - Link - Report abuse 0You started the conversation by stating:
“There is no way any economy can withstand a 55% increase in monetary base IN ONE YEAR without the corresponding effects of inflation and wage spiral”
There are plenty of recent examples to show this is quite false.
Perhaps you too are less well informed than you like to think.
http://www.alaskadispatch.com/article/despite-rhetoric-falklands-non-issue-match-between-british-argentina
Aug 09th, 2012 - 10:40 pm - Link - Report abuse 0SHB No way Argentina can withstand a 55% increase in monetary base ( btw the year is not done)...sorry, apparently there are civilized countries that can do it. Thanks for pointing it out.
Aug 09th, 2012 - 11:02 pm - Link - Report abuse 0I guess you are agreeing with the other obvious flaws in your education then huh?
“”“It is a wry riot to see so many here concocting contrived controversy in order to achieve some self-deluded higher ground against a person as gifted in knowledge, education, IQ, and hard worked edification as myself.”“”
Aug 09th, 2012 - 11:40 pm - Link - Report abuse 0Anybody who claims superior intelligence & education whilst writing “concocting contrived” can only have purchased his doctorate from Bongolesia State University for $50 USD and a dose of self-delusion thrown in for free.
They certainly haven't heard of tautology or pleonasm, which casts rather a large shadow over both their education and intelligence claims.
I’m so glad I’m just an ignorant plebeian.
96.
Aug 10th, 2012 - 12:54 am - Link - Report abuse 0I am not so arrogant to deny flaws in my education.
Is there flawless education?
@98
Aug 10th, 2012 - 08:48 am - Link - Report abuse 0Yes, there is flawless education, but it's only the Troll who has it.
I see Tobias has returned to using big and obscure words since he hasn't actually got a good enough counter-point.
Aug 10th, 2012 - 11:08 am - Link - Report abuse 0Poor Tobias, believing that big words make you sound more intelligent whereas in reality they just make you look desperate. Desperate to try and divert the thread.
Kristina Kirchner is the owner of 2 hotels in the south of Argentina. One is called “Los Sauces Casa Patagonia” and the other one is called “Altos de Calafate”. Both in the Santa Cruz province where her dead (supposedly, or possibly hiding in Switzerland) husband Nestor comes from. The land that these hotels were built on was bought for literally pennies that (were actually federally owned lands) the Kirchners stole from the people of Argentina and built these million dollar hotels that charge over $1,000 U$ Dollars, YES USA DOLLARS per night. We have to all go to EVERY travel website and trash this criminal rechid Kirchners hotels so that NOBODY stays in them. They are the most corrupt and worst politicians to happen to this country ever! Trash them and their stolen wealth to pieces!!
Aug 10th, 2012 - 02:37 pm - Link - Report abuse 0www.ripoffreport.com/hotel/los-sauces-casa-pata/los-sauces-casa-patagonica-hot-4b187.htm
www.ripoffreport.com/plastic-surgeons/argentina-plastic-su/argentina-plastic-surgery-da-50cdb.htm
www.ripoffreport.com/argentina-afip-agenc/federal-government/argentina-afip-agencia-federal-f204d.htm
Spread the word about this banana republic so called “government”!!
Very funny on the plastic surgery.........reminds me of turkey neck
Aug 10th, 2012 - 04:47 pm - Link - Report abuse 0Order!! the court is now in session. Some asked me yesterday what will Argentina do if corporations didn't listen and here is the answer, I wonder if he is here hiding somewhere.
Aug 11th, 2012 - 01:36 am - Link - Report abuse 0#103
Aug 11th, 2012 - 10:01 am - Link - Report abuse 0Too subtle for me ! Elucidate please.
Court - more like a Madhatter's Tea Party!
Aug 11th, 2012 - 10:04 am - Link - Report abuse 0They say that the definition of insanity is doing the same thing over and over and expecting a different result.
@103
Aug 11th, 2012 - 10:30 am - Link - Report abuse 0So what has actually happened as opposed to wished for/promised Mr Hunted Pirate?
@103 - PH
Aug 11th, 2012 - 02:44 pm - Link - Report abuse 0What court in the world would hear this case? No international court would, which leaves an Argentine court (hardly to be considered completely objective in the matter). Not only that, but no Argentine court has jurisdiction OUTSIDE of Argentina, and the Falklands and their EEZ are well outside Argentina, and internationally recognised as such.
So your court will make a few rulings that are not legally binding as they have no jusridiction. The oil companies will continue to drill and your government will once again embarrass your country on the international stage.
But nothing will change, and once the black gold starts flowing the Falklands will be a richer place than Argentina, who may in a few years time decide to become completely independent; take their seat at the UN, yet remain as part of the Commonwealth of nations.
Based on your recent history, Argentina will vote in yet another bunch of corrupt muppets, who will continue to rob the country blind, and continue to rant on about the Falklands.
#107 maybe you are right the court can't do much but the Argentine's can use this laws to occupy rogue nations embassies, properties and expropiate goods.
Aug 11th, 2012 - 06:44 pm - Link - Report abuse 0@108
Aug 11th, 2012 - 08:12 pm - Link - Report abuse 0What are you waiting for? Get on with it!
@108 Oh.... what you are trying to say is that it gives a good excuse to steal other people's stuff....
Aug 11th, 2012 - 08:39 pm - Link - Report abuse 0@108 - PH
Aug 11th, 2012 - 08:45 pm - Link - Report abuse 0Once gain you show your ignorance of international law.
Any attempt to 'occupy' the British, US, French, German or any other embassy is illegal and could be considered an act of war. Argentina will be condemned by the UN, and the British, US, French, German or any other country affected would expell their Argentine diplomatic staff.
Now since you are naive and don't understand, this is a big deal. A very big deal. No country in the world would then give Argentina the time of day, let alone support you in your erroneous claims to a piece of land that you have never owned.
Plus any Argentine attempt to steal property of other countries would see those countries reciprocate, and they could call the UNGA to invoke economic sanctions against Argentina until starts to behave itself. This could be stretched to include any off-shore holdings belonging to Argentine citizens, which would be frozen, until Argentina backtracks, and once again makes a fool of itself.
Now I now that wouldn't affect you PH, as you love Argentina sooooo much that you won't live there, but CFK and her cronies wouldn't have any money as it would be trapped in the international banking system. That'll make it tricky when they try and flee Argentina one step ahead of the mob.
Face it, Argentina is making impotent threats. It has been making impotent threats for months, and will continue to make them in the future.
Quite frankly the majority of Argentine citizens are too busy surviving day to day to even care about the Falklands. And CFK is so popular that she has to fill her rallies with convicted murderers, rapists, thieves and other undesirables.
@107
Aug 11th, 2012 - 10:41 pm - Link - Report abuse 0I am glad to see you are accepting reality.
Once Argentina does, and accepts that the advantages to South America of the Falkland Islands being encouraged to independence rather than to exist under a colonial South American state (which is not good with finance) , the links the Falkland Islands will enjoy with the Commonwealth, the UK and Europe will be of immense benefit to the OAS who are too inward looking.
112 Pete
Aug 12th, 2012 - 12:19 pm - Link - Report abuse 0As long as their is mismanagement in Argentina they will need something to take the heat off, the Falklands are just too convenient.
@113 Zhivago
Aug 13th, 2012 - 03:48 am - Link - Report abuse 0Correct.
Argentina's foolish underestimation of the effectiveness and potential benefit to South America as a broker, of the FIs, means Arg. do not think things through and as you say instead use FIs as an excuse to mask their incompetence.
If Args used some intelligence they could be using the islands, (on the Islander's terms) to assist themselves to their benefit whereas being antagonistic to them instead is akin to a Landy stuck in a bog, wheels spinning like crazy at full speed flinging peat and slush everywhere, getting nowhere. Whereas if they put the landy into 4wd and drove slowly to get some grip (maybe with planks and bumperjack)they would get out of the bog.
Argentina is sinking in that bog, getting nowwhere, making a lot of noise with the windscreen covered in sh*t.
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