Monday, February 4th 2013 - 05:18 UTC

Argentine central bank reserves at their lowest level since December 2007

Argentina’s central bank reported that at the end of January it had reserves totalling 42.65 billion dollars which is the lowest level since President Cristina Fernandez took office in December 2007. At the time the central bank international reserves totalled 46.2 billion dollars. Only in April 2007 were reserves at a lower level, 38.6bn dollars.

Vice president Amado Boudou described the advance of resources as “heterodox and moderate”

The end of January balance is ten billion less than the bank’s reserves two years ago when they stood at 52.6bn dollars.

During the first month of this year Argentina lost 640 million dollars in reserves despite the severe restrictions, ‘dollar clamp’ for common citizens wishing to purchase or save in the US currency. Compared to January 2012, the Central bank lost 3.94bn dollars in reserves.

Furthermore the 42.65bn dollars at the official rate of 4.94 Pesos to the US dollar are not enough to support the money issued by the bank which is almost equivalent to 60bn dollars. This misbalance helps to understand why together with the ‘dollar clamp’, the greenback shot up over the milestone 8 Pesos last Friday before falling back to 7.92.

However market and foreign exchange experts anticipate the US dollar will keep climbing steadily.

In December 2009 the Argentine government announced that it would appeal to central bank reserves to honour sovereign debt in foreign currency, with the purpose of helping lower domestic interest rates, because of the fiscal problems caused by an unexpected surge in government outlays.

At the time then Economy minister Amado Boudou, now Vice-president announced the creation of the Bicentennial Fund for lowering debt and promoting stability with resources totalling 6.55bn dollars and which now figure as liquid liabilities of the institution.

The decision at the time forced the exit of then Central bank president Martin Perez Redrado who was against using reserves to pay for debt. Boudou said then that the decision was “heterodox but moderate”. Three years later those reserves which begun to be used at the moment are down to 5bn dollars.

According to the report, the central bank holds government papers equivalent to 64bn dollars, which means government debt is higher than assets in US dollars.

These ‘documents’ are the collateral for the loans extended by the Central bank to pay the IMF debt, international organizations, private creditors and ‘transitory advances’ (which are not returned) to the Treasury to finance other debts and the fiscal deficit.

117 comments Feed

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1 Boovis (#) Feb 04th, 2013 - 09:28 am Report abuse
Have they checked her house? Maybe one of her ministers has it in a bag in their office somewhere.
2 reality check (#) Feb 04th, 2013 - 09:37 am Report abuse
It these are the official statistics, what are the real ones?
3 DanyBerger (#) Feb 04th, 2013 - 10:16 am Report abuse
Reservers by country

Austria: $25.16 bn
Argentina: $42.65 bn
Spain: $47.1 bn
Australia: $47.7 bn
Canada: $57.15 bn
UK: $82.41 bn
US: $148 bn
France: $171.9 bn BTW GDP took over shrinking Britain
Italy: $173.3 bn
Germany: $238.9 bn
Brasil: $371.1 bn

No so bad for Argentina keep lying and telling craps please...
4 Rufus (#) Feb 04th, 2013 - 10:50 am Report abuse
So just under a third of the debt that you defaulted on a few years ago then?
5 ChrisR (#) Feb 04th, 2013 - 11:51 am Report abuse
@3 Dunny-Burger

Get it right for once in your life:

BoE figures for June 2012:

Total UK Govt. foreign currency reserves USD$ Bn = 99.266
(2.3 times AR)
6 yankeeboy (#) Feb 04th, 2013 - 12:04 pm Report abuse
There is no way Argentina has U$42B
no way.
If they have more than U$10B in available funds I would be floored.
When was the last BCRA audit?
Hmm not since Nestor was Prez? Maybe.

They can make up any balance they want when there is no outside verification.
7 The Cestrian (#) Feb 04th, 2013 - 12:37 pm Report abuse
RG Land only has $19b of reserves available:

Argentina on Friday claimed that it could not just dip into its central bank reserves to pay, telling the court that upholding Judge Griesa’s order would “open the door to potential claims by holders of more than $43bn in principal and interest of both defaulted and restructured Argentine debt, an amount greater than the reserves”.

Argentina has $42.7bn in reserves but argued that it is “not an open till to pay plaintiffs and other claimants at the order of US courts”.

Argentina is facing other legal challenges, such as that by a group of Italian holdouts at the World Bank’s arbitration tribunal, ICSID, and fears a wave of copycat litigation if Elliott wins.

Exchange bondholders (EBH) told the court in a separate filing that Argentina only had about $19bn of reserves actually available, outstripping some $26.5bn owed to creditors and $23.6bn in likely claims if Judge Griesa’s order were upheld.
8 agent999 (#) Feb 04th, 2013 - 01:36 pm Report abuse
Don't forget the $10bn owed to the Paris Club.
9 Nostrolldamus the 8th (#) Feb 04th, 2013 - 01:53 pm Report abuse

“In the USA we never have power surges and power outages. My argie friend unplugs all appliances every time he goes away for the weekend, I tell him he does not need to do that, but I guess habits are hard to break”

“But my heat is on and so are my lights! Gasp! And in the 6 years I have lived here I have not lost electricity 1x even in hurricanes. ”


When will you quit lying you retard? Don't you get the “messages” from above? Loser 3rd world yank.
10 andy65 (#) Feb 04th, 2013 - 02:39 pm Report abuse
Looks like Crissy and fat boy Maximo have had there fingers in the cash register AGAIN
11 Optimus_Princeps (#) Feb 04th, 2013 - 02:44 pm Report abuse
It looks like they are running out of money to steal. We need to restore economic sanity to Argentina and get rid of these disgusting K's. It's not like their demographic can comprehend that their “free money” comes from somewhere.
12 Captain Poppy (#) Feb 04th, 2013 - 02:50 pm Report abuse
Once again I see I have not missed much while in Argentina…….the Nostril does nothing in relation to the articles…..laughs and rants of meaningless things and talks of life he has never experienced. What the hell…..when you cannot defend what you are paid to support……divert and insult. I agree with your tactics though nostril, if I had to support a dying country because of the vast corruption, I too would change the subject back to the others. Afterall….in war the best defense from an assault is to aggressively push through it as a counter assault… you are doing. You cannot argue on a point at all so you resort to changing the subject. When someone speaks from experience, something you have nothing of outside of you world of Mendoza….you disappear. Have they quilled the rioters over the soccer tickets?
Argentina is technically and practically bankrupt and refuses to work to change that. Perhaps asslips will ultimately steal what is in all those import containers and steal them for her own pockets. There is so many half competed buildings in the city of BsAs and will never be completed. In several months when Columbia takes over Argentina’s seat in the G20, the vortex will speed up to a dizzying pace. Perhaps the people will snap by then and storm the GREAT PICK HOUSE. The mid term elections will say a lot about which way Argentina will go. The way of Venezuela or Chile.
Yankee, Argentina has no reserves to speak off, only what the citizens possess. They had to save just to get that navy ship fixed and returned. Dumburger also does not seem to know that the US Federal Reserve is not the US Federal Government. Nor does he realize that the USA does not count private cash holdings as theirs, for US businesses alone has over 5 trillion in cash reserves…..Apple alone has over 75 billion in cash. And more importantly, the USA will not steal businesses for cash like the ARGIE model.
13 Nostrolldamus the 8th (#) Feb 04th, 2013 - 03:01 pm Report abuse

14 jakesnake (#) Feb 04th, 2013 - 03:44 pm Report abuse
Toby's funny.
15 agent999 (#) Feb 04th, 2013 - 04:59 pm Report abuse
The Argentinian ambassador and staff in Brazil are not helping the $ reserves!
16 Nostrolldamus the 8th (#) Feb 04th, 2013 - 05:18 pm Report abuse
yankeeboy “I've never lost power in 6 years, there's never been a power surge.... my argie friend still unplugs the appliances”

17 Captain Poppy (#) Feb 04th, 2013 - 05:21 pm Report abuse
Ahhhhhh si....nothing like utube when one lacks reality. Mmmmmm what's that sarcastic old saying? ah yes.....“it must be true......I read it on the internet!!”
Toby go help put out the fires. It will not get the electricity back on, but it will minimize the fire risks. I did not see a hurricane, earthquake, tsunnami or an avalanche.....why do you keep losing electricity?
18 Nostrolldamus the 8th (#) Feb 04th, 2013 - 05:23 pm Report abuse
How fucking embarrassing.... to lose power in the ONE game of American sport that is seen outside the USA, and almost an hour delay that almost cost one team the match.


Maybe now yankeeboy will stop saying idiocies about “I've never lost power”... that was a message from above. hahahahahah!
19 Captain Poppy (#) Feb 04th, 2013 - 06:45 pm Report abuse
Right on cue to divert and on go on the offensive that has absolutely nothing to do with the article. You cannot ever defend anything about asslips and her mis-steps. You have no abilitites or capacity to stay on target. You are like someone with ADHD and lost their riddlin.
It serves no pupose to tell you that a sports game has nothing to do with the government. Almost this and almost that, yet they won and they made billions......but that is what PRIVATE businesses do. Nostril, the snot is running faster off your nose. Stay in mendoza where you belong. Nosi.....ever notice that RG businesses almsot want to slice your throat when you ask for a receipt........or demeand a reciept at a restuarant.......and do you know why that is?
20 Ayayay (#) Feb 04th, 2013 - 06:47 pm Report abuse
@18 He's saying that where he lives in North America, the power has always been on. It's way probable.

There are parts of the U.S. region that have -some- equivalencies to Honduras (New Orleans), some rank higher than Scandi countries! (Honolulu).

You'd think that just because people are free to travel within the U.S. they'd move to places with more opportunity. But people who are open to real change are uncommon.
21 Condorito (#) Feb 04th, 2013 - 06:58 pm Report abuse
@12 Captain P
“The way of Venezuela or Chile.”

I hope you are presenting these two as opposing alternatives, rather than grouping them as one alternative!
22 reality check (#) Feb 04th, 2013 - 07:05 pm Report abuse
From what I saw, only half of the stadium lost power, obviously a technical fault somewhere.

Marvelous sporting spectacular though, truly enjoyable. all of it, not just the game.
23 Captain Poppy (#) Feb 04th, 2013 - 07:08 pm Report abuse
Ayayay there is no place in the USA that equates to the Honduras.....have you been there? Poverty....nothing like it...but the south is the highest in poverty. Though they do not have their 5 year kids juggling at lights than asking for money. I only saw that in the coutry in the past, this visit 5 year olds were begging at lights on 9 de Julio......pathetic that parents would send their kids out like that.
The Northeast in the USA is suseptible to outages in the winter due to ice storms.....I've been through several hurricanes and never lost power. However the big difference is that when power does go out due to storms, crews from all over are working restorations. Argentina can give two flying fucks how long the juice is out for. We got ours back quick because we were next to a courthouse and them being on vacation for a month....needed to start taking bribes today so they needed the power back on.
24 Nostrolldamus the 8th (#) Feb 04th, 2013 - 07:09 pm Report abuse

No diversion asssss... if that had happened in Argentina, we would have the britchavs and you yank-punks laughing at Argentina in every thread here...

Just like when the Brits where supposedly talking about a blown sewer in a villa in Buenos Aires.. and two days later a SEWER breaks in the London command center!!!

Don't you people see when things “happen” that you claim never do in your country, almost on cue as if some uncanny, eldritch force wants to humiliate you?!

Suck it up, had that happened in a Boca-River or in a Pumas-Springboks or All Blacks match in the 4n, you people would be insulting me to know end.

Take it like a man.

HAHAHAHAHAHAHAHAHAHAHA... superbowl power outage... how humiliating.
25 red (#) Feb 04th, 2013 - 07:27 pm Report abuse
Is worst in the USA!
The Department of Treasury don't have sufficient funds to make payments to the retirees and military personnel.
The USA has only 300 billons in gold... a national deficit of 16 trillions...
24 millons unemployed, 26 millons on food stamps, 26 millons BELOW POVERTY level..
Veterans on the street begging for food or coins....
States have sold their buildings to have cash
There is money for road and streets repairs
Who can afford $300 on electrical bill?
Who can afford to pay $150 dollars on a USA made pair of shoes?
Who can afford to pay $35 dollars for a seafood dinner?
who can afford to pay $400 for a monthly health insurance?
Who can afford to pay medical costs?
Who can afford the high living expense costs in the USA earning the minimum wage of $7.25 to $9.40 per hour?
Millons of USA citizens are suffering poverty!
I am wondering what Captain “$800 meal” Poppy have to say about his “country”
26 Captain Poppy (#) Feb 04th, 2013 - 07:34 pm Report abuse
#21 of course as alternatives.....a dichotomy. I have not been to Venuzuela but my brother in law goes there often and says it's a nightmare in the best of times. I tend to group venezuela with north korea and iran. I certainly do not see Chile in that group, I definitely meant it as a this or that.
Of course in your eyes sports would be an embarassment....small minds enlarge small matters....hence the riots in mendoza two weeks ago because they sold out all the scoccer tickets.........yep.......whatever you say, rightly embarassing.......I do not know how I can deal with it, it is difficult
Quite frankly nosi, you insult yourself only you are too much a egomaniac to know it, but everyone else here knows it.
27 Nostrolldamus the 8th (#) Feb 04th, 2013 - 07:39 pm Report abuse
1 hour power outage delay in the final of your most important sports event.

3rd world... end of story.
28 albertgere (#) Feb 04th, 2013 - 07:56 pm Report abuse
Captain Poppy has to tell us if he paid the $800 pesos meal!...
29 reality check (#) Feb 04th, 2013 - 07:58 pm Report abuse
There you go again, half the statement was in drakness for 34 minutes and you turn it into a 1 hour power outage. If you are going to exaggerate something, try something that a 150 million people did not see first hand!

Like? dare I say it, the Falklands.
30 Nostrolldamus the 8th (#) Feb 04th, 2013 - 08:03 pm Report abuse

So now you are saying “just” 34 minutes is acceptable in the mighty USA (btw, I am right 34 of 60 minutes is mathematically 60 minutes when doing proper rounding, go back to 3rd grade math, if you ever got around to it).

Funny, yankeboy swore to me all last week of all weeks that there never were power surges much less outages in the USA.

HAHAHAHAHAHAHAHAHAAHA!!!!!! I'm cachinnating again!!!! hahahahahahaah..........
31 Shed-time (#) Feb 04th, 2013 - 08:06 pm Report abuse
Argentinia.... not even a pot to p!ss in.
32 Nostrolldamus the 8th (#) Feb 04th, 2013 - 08:07 pm Report abuse

That's all there is left. Typical impotent response.

33 reality check (#) Feb 04th, 2013 - 08:15 pm Report abuse
You call that logic, rounding up, rest of us call it what it is, lies.
34 Captain Poppy (#) Feb 04th, 2013 - 08:19 pm Report abuse
I miss the argentines in argentina, they were actually enjoyable to talk to. the rg droids here here are too preprogrammed. Hey, the Hispanic study of UFO's published an article that the casue of the blackouts are from UFO' argentina is not to blame.........lolololololol. At least they are not blaming IMF, the World Bank the EU and USA....but they will. The Argentine government has the blame game down well.
So......little runny nose nostril.....any comments on the reserves?
35 Shed-time (#) Feb 04th, 2013 - 08:20 pm Report abuse
@31 by 'impotent', do you mean concise and yet full of meaning? Because let's face it, Argentina's ruling elite have plundered their coffers, leaving you with $19bil or less in exchange reserves. Even the economic architect of your ruling elite is getting heckled when coming back from spending 'curiously obtained' dollars in Uruguay.

It's just all descended into nonsense over there.
36 Nostrolldamus the 8th (#) Feb 04th, 2013 - 08:21 pm Report abuse
I'm not obsessed over money like you anglo-yanks-euros.

You all live sad, empty lives. No family, no meaning. Just work and count your money.
37 reality check (#) Feb 04th, 2013 - 08:31 pm Report abuse
If you mean, paying off my mortgage, sending my daughters to university, and ensuring they do not go short when I finally push off this mortal coil! Then I'll agree with you, I'm obsessed with earning enough money to do that. Wait until you have a family, you might feel likewise.

Is that a character defect!
38 Xect (#) Feb 04th, 2013 - 08:35 pm Report abuse
For someone not obsessed Tobias, you post more than the rest of the posters put together.

Not very congruent.........
39 Captain Poppy (#) Feb 04th, 2013 - 08:56 pm Report abuse
#36.....runny nose saying “You all live sad, empty lives. No family, no meaning. Just work and count your money.” is fruitless as you cannot possibly know who has a family, who cares about money money and what they do! Again you prove yourself to be impotent and meaningless by making statements that you cannot possibly know.
Reality check, he cannot ever know what it means to work for a living and be self sufficient and not sucking off his moms tit or the government handouts. He is an empty little boy barely surviving in the boondocks of mendoza, the shithole that produces a mediocre wine called a watered down merlot.
40 hammerhead993 (#) Feb 04th, 2013 - 08:58 pm Report abuse
Tobi, you're the best. All one has to do is watch an Argentinian football game. It looks like a baboon troop crawling up and down the gigantic barriers that are quite necessary to have. Barras Bravas. That says it all.
41 Shed-time (#) Feb 04th, 2013 - 08:58 pm Report abuse
@39 'watered down merlot' - you're not wrong.

The fact is, Tobias doesn't even live in Argentina and just describes what he remembers, and in an idealised form.
42 sussie_the best (#) Feb 04th, 2013 - 09:05 pm Report abuse
The Buenos Aires Herald is better than Mercopress!
43 Ayayay (#) Feb 04th, 2013 - 09:06 pm Report abuse
Uhoh, Sussy, 'red'. Hahaha I'm going to start pulling out the statistics that show American food is the cheapest in the world! Then show how shoes of the season are typically $10-$15 at Walmart. Then link to the free health coverage for low-income people!
44 Captain Poppy (#) Feb 04th, 2013 - 09:06 pm Report abuse
Shed-time.....probably why he did not say anything about the rioting that took place by fans when I was there because they sold out of scoccer tickets, it was not international news.
45 Shed-time (#) Feb 04th, 2013 - 09:16 pm Report abuse
Rioting, getting booed, burning navy vessels... what's next for them I wonder?
46 c.carlos (#) Feb 04th, 2013 - 09:59 pm Report abuse
@43 ayayay aka Yankee-Slum-Boy aka KelperAbout!
46 millons USA citizens receiving food stamps from the goverment to avoid starvation!
Obama is known as the “food stamps” USA President!
Anything Walmart sells is made in CHINA! Poor quality!
The free healthcare is given to the USA citizens that don't make enough to buy a healthcare insurance coverage!
47 Captain Poppy (#) Feb 04th, 2013 - 10:08 pm Report abuse
you are so stupid to think that Ayayay and Yankee are one of the same. Those two personailities coud not be farther apart. Do you you mestizos make opinions on places you have never been to?
So sussy is now c.carlos should volunteer your time to get the shoeless 5 years olds off of 9 de Julio at the lights begging for money, it's really dangerous and the juggling sucks.
48 Ayayay (#) Feb 04th, 2013 - 10:26 pm Report abuse
@Cap'n Just 1 equivalent-Honduras and New Orleans have the same homicide rate-by gun.

(If you were to tally up the rate by all means, of course Honduras is MUCH higher.

So haven't been to Honduras, Poppy, THANK THE FSM, but I have been to New Orleans. Thanks mostly to outside, federal programs, everyone has electricity, food, schoolbooks.

In addition, Free & subsidized EVERYTHING you can think of for the low income section, like.. $10 home internet. Uni.
Zero children in the streets.

@Sussie/Red/Carlos If you're paying $300 a month for electricity (in reality ;), you're crazy unEco.

In So California in the aughts, I payed $15 a person w my roomies. Unsubsidized. Doubled to ~$30 in the three winter months because we used expensive electrical heat. Summer, ocean breezes.

Here's the federal low-income subsidy for those making minimum wages to help with electricity/gas:

& food stamps isn't to avoid starvation, you dumb dumb. It is the SUPPLEMENTAL nutrition assistance program, a cool debit card designed to help the temporarily-lowest 20% eat the same as the middle class.

People here buy food of a quality/rareness/diversity/freshness with it that is not available to the President of Argentina.
49 yankeeboy (#) Feb 04th, 2013 - 10:36 pm Report abuse
Well back from a very long day doing my duty serving on a Jury.
I see Toby is gleeful in the partial electrical outage at the new stadium in New Orleans.
Let's be clear Toby, the system functioned as intended. They think a piece of equipment from the half time show malfunctioned, the stadium's electrical system detected the anomaly and shut down the breakers and turned on the back up emergency electricity.
Thank goodness we have these Systems in the USA, unfortunately for the 100s of dead in the Cromagnon fire in BA and the recent fire in Brazil we don't have 100s dead during an extravagant show.
Everyone was safe, buying more drinks waiting for the light to come back on, nobody rioted, was raped, got killed, got mugged. Angry fans weren't rioting, tearing down barriers, injuring Police and each other. All was orderly and fixed within minutes.
It had nothing do with with the grid, nobody in town lost power,
Only a piece of equipment malfunctioned.
Big whoop
If that make you happy it is sad.
My house is warm, I have electricity, internet and cable even in the worst of storms.
and in BA still neighborhoods with no electricity, spoiled food, not able to work. people getting mugged, raped, robbed. Neighbors protesting a gov't that doesn't have any solutions.
That's the difference between a Northern Country and a the Southern 3rd world.

On Boudou and Kiciloff , it looks like the natives are restless, you can't have Peronism without fear.

Moreno issuing price controls so for 2 months nobody buy the gov't can raise prices on consumer goods. Here come the bare shelves than a massive increase in the 3rd month. They are so dumb.
50 Ayayay (#) Feb 04th, 2013 - 11:27 pm Report abuse
@49 The BA Herald said there was an anomalous, large price increase in January. Do you think this was because they agreed to the price 'stoppage (haha) for Feb & March tgen?
The inflation in 30 days was more than Canada has in 365
51 reality check (#) Feb 05th, 2013 - 12:17 am Report abuse
Is there some sort of standard script they get issued with or is this yet another name change? I wonder.
52 yankeeboy (#) Feb 05th, 2013 - 01:05 am Report abuse
50. I think that is the real inflation rate, it i expected to be a minimum of 30% in 2013. I think Moreno saw that panicked and forced the stores to comply. He is known to negotiate at gunpoint!
Plus food is running higher than the rest of the economy 40-50% year!
It will be interesting to see what happens in April when the agreement runs out.
They've got themselves in a mess they can't get themselves out of.
I think the tide is against them and it will be one loss after another now.
53 hp_25 (#) Feb 05th, 2013 - 01:48 am Report abuse
Ayayay Yankee Slum Baby Boy KelperAbout
in the USA there are “blackouts” due to poor services, storms, etc.
Don't you remember what the Sandy storm did in the back east of the about Katrina?...
You are nothing more than a stupid baby boy! Get lost KelperAbout!
54 Nostrolldamus the 8th (#) Feb 05th, 2013 - 01:56 am Report abuse

“Thank goodness we have these Systems in the USA, unfortunately for the 100s of dead in the Cromagnon fire in BA and the recent fire in Brazil we don't have 100s dead during an extravagant show.”

You really must be a double-agent trolling the poor yanks. I'm really starting to suspect that much, because you “serve me” on a platter blatant baits to then tear you up.

USA... 3rd world. Get used to it.


Canada doesn't even provide fresh WATER for its native canadians, and you are a country full of fresh water lakes. How embarrassing.


Want me to bring back again the wines of the year list from AMERICAN and BRITISH publiations??? hahahahahaha...

Mendoza #1, suck it. hahahahaha.


Which are the “fans” that are always barred from attending world cups because they cannot act in a civilized manner? From which country?? hahahahaha... British tossers, from YOURS! You savage louts.


Boondocks? Mendoza is the 5th largest city in Argentina but the 2nd after Buenos Aires in EVERYTHING: freeways, mass transit, shopping malls, supermarket numbers, neighborhood construction, and now cafes...

“Tanto como De la Reta y Dosio coincidieron que Mendoza es una excelente plaza para abrir locales de estas características, porque tiene una verdadera cultura ”cafetera“. Tanto así que para la marca Bonafide -con 70 años de presencia en la provincia- Mendoza está segunda como plaza de importancia detrás de Buenos Aires y por encima de Córdoba.”

Havanna, Balcarce, Starbucks, Bonafide... they can't open cafes fast enough in Mendoza. At least 6 new ones just in the first half of this year... must be because people in Mendoza are just “surviving” on $20 sips.


55 hp_25 (#) Feb 05th, 2013 - 02:12 am Report abuse
@48 ayayay que mentiroso!
California is flat broke! Drive around the Native American reservations, no electrical service, no water, no telephone services, no decent housing,no medical services!
Californians like the rest to the USA are addicted to fast food restaurants, poor quality of food !
The USA citizens are FAT look at Hillary Clinton and Michelle Obama HIPS! OH! my..... same thing with the African-americans, jews.
OBESITY in the USA is the biggest problem.
There is no GUN control!
Drive by shooting everywhere!
56 Nostrolldamus the 8th (#) Feb 05th, 2013 - 02:22 am Report abuse

They have “tent” cities (a stupid name for Villas Miseria), growing all over the place, especially in those abandoned railroad tracks since the trains are also going belly up. And of course there's the Great Pacific Garbage Patch, full of plastic, rotting waste, and filth, and it washes up on the supposedly “wonderful” california beaches. There is even one beach there that is full of glass shard pollution and they made it a tourist attraction!!

Go around cities like Phoenix, Las Vegas, Miami and ENTIRE areas of the city are ABANDONED. the homes, the shops, everything. Even car dealerships and supermarkets, just abandoned. In Mendoza we can't open supermarkets and neighborhoods fast enough.

New York was voted the smelliest city on Earth, in Washington DC they don't have the budget to put some grass for the inaguration of their president, and in their biggest sporting event the power goes out for an hour.

Lets not forget that their levies and dams break with a stupid little flood, their bridges collapse (Minneapolis), and it took them over a MONTH to get power to gas stations in their most important city after an average hurricane in wind strength.

And of course, mass shootings every solitary day at schools, at malls, at courhouses, at parks....

If that is the 1st world, Ill stay in boondocks Mendoza thank you.

And they say Europe is even worse!! (except for the mass shootings, but they have rampant racism problems instead... see “British woman on tram”)
57 mastershakejb (#) Feb 05th, 2013 - 05:07 am Report abuse
NuestraDumbAss is screenstaring and spazzing out had again today. Clear signs of someone who knows their economy is floundering and in trouble. Spazz harder, its a true sign of confidence, LOL
58 jeffski (#) Feb 05th, 2013 - 05:55 am Report abuse
@Nostril- I thought you Said you were bedding down until September??
59 Shed-time (#) Feb 05th, 2013 - 10:05 am Report abuse
@58 He also said that Mendoza wasn't a tent city, like the rest of Argentina, so I wouldn't believe a word of what he says.

He even thinks people in the west drink naught but Malbec. I've not drunk Malbec at a business dinner, nor at home, in years. It's hardly ever on the menu. Maybe it is at Nandos.

I did see an Argentine Malbec in Waitrose a few days ago, and laughed because the Chilean wine next door to it was sold out. No one had touched the Mendoza infected plonk.
60 DanyBerger (#) Feb 05th, 2013 - 10:10 am Report abuse
@Captain Poppy

You are so stupid that your insults as “Mestizos” only affects people from neighbouring countries like Chile, Bolivia, Peru and the Mexicans, Cubans, central Americans in your own country.

Sure you will don’t say that in your lovely US because in 5 minutes you will be hanging from a bridge in your own town.

Ha ha seems to be very easy to say f@king nigger in a white county like Argentina.

Don’t you think so?

Enjoy it while you are here because when you return to US you will have to go back to your Spanglish, eat burritos and dance salsa as you have ever done.
61 Shed-time (#) Feb 05th, 2013 - 11:03 am Report abuse
@60 you're just sour because you're poor and lied to, with the only recompense being the life of a brown-shirted thug performing the wishes of an obese thief.

62 DanyBerger (#) Feb 05th, 2013 - 11:09 am Report abuse

What about to try again but this time in Enghissss? will you?
63 Captain Poppy (#) Feb 05th, 2013 - 11:16 am Report abuse should travel back and see what is going on in your motherland....she to rapid decay that asslips is doing to a once proud country, see the the barefoot child running the 9 de Julio begging for money at the lights. Go home and rid the peronists and help turn Argentina into a real country.
Anyone see kicillof get booed of the Uruguay ferry? They should have tossed him overboard.
64 mastershakejb (#) Feb 05th, 2013 - 11:40 am Report abuse
I just watched the video of Kicillof, Captain Poppy. LOL @ Argentina forever and ever! Dead country walking
65 DanyBerger (#) Feb 05th, 2013 - 11:54 am Report abuse
@ Crap tain Poopy

I don’t need it because I just got enough seen the news from USA supermarket killing, poverty, people on food stamp, economic crisis, etc.

Pretty shitty isn’t it?
66 Captain Poppy (#) Feb 05th, 2013 - 12:44 pm Report abuse
Your minimal intelligence is consistently displayed via your use of utube and lack of firsthand empirical knowledge. Must everyone here criticizing Argentina speaks with experience.....not utube of websites or newspapers. That's like saying yu do not like pizza and never have tried tasting it.
67 mastershakejb (#) Feb 05th, 2013 - 01:25 pm Report abuse
lol, sources of info: youtube
epic clownability, try reuters, forbes, bloomberg, etc
youtube = opinions
but i wouldn't expect you to understand such simple facts
68 yankeeboy (#) Feb 05th, 2013 - 02:30 pm Report abuse
Dany and Toby talking about places they can't get a visa to travel to, how charming.
Funny I was just in Miami and didn't see huge tent cities, maybe the 250K Argentinians that currently live in Miami are building the slums. They are quite a pestilence in some of our major cities but do provide a valuable service, cleaning our pools/houses and waiting on us when they are not stripping or bar-tending.

Can any Rg on the board show me where price controls on anything have ever stopped an inflation spiral? Is the stupidity of the CFK administration measurable?

My prediction is they will have empty shelves come April, better buy your toilet paper, sugar and laundry detergent now!

Real Estate sales are down 85%!!! Worse than 2002!!
In any functioning country we call that a COLLAPSE.
69 DanyBerger (#) Feb 05th, 2013 - 03:09 pm Report abuse
@ Crap tain Poopy & Co

Only retarded like you can use as excuse that because the news was published on youtube are not a valid source.

More good news from wonderful USA about how police treats Americans black people.

A police just got only 2 years prison to kill on cold blood a defenceless black person on the floor.

Is not really USA the most shitty country in the world?

You cannot tape a police?


Shitty US police on action

Well no much to say about shitty America I guess soviet union in times of Lenin seems to be pretty friendly.

Make us a favor and stay in shitty US, will you please?
70 Captain Poppy (#) Feb 05th, 2013 - 03:19 pm Report abuse
You have no validity to anything you say. Now go home and take care of they nits you breed and turn them into nice big lice like you. I bet your kids could make good money in the streets of BsAs.
Only la campora thinks like you. Your RG brothers and sisters travel to the USA in packs, only you do not know it because you are not in Argentina OR the USA.
Your use of retard makes me crumble, gosh darn it, I've never been so insulted. Only the mentally slight would consider utube and wikipedia a source of information.

Yankee, the run on goods over the next two months to avoid the return of inflation will wipe out the supply and cause a treble effect on inflation on those goods. It's obvious they are self taught in economics. To call them a moron is a compliment. Did you see Kicillof get booed off the ferry on his return trip from Uruguay?
71 yankeeboy (#) Feb 05th, 2013 - 03:55 pm Report abuse
During the last hyperinflation run they used to put sugar on the shelves but limit it to 1 bag per person so the whole neighborhood would try and round up every available person to so they could each buy a bag!
Gads what a way to live!
Next time I go I am going to bring a few extra cases of toilet paper to pay for my hotel room.
72 mastershakejb (#) Feb 05th, 2013 - 03:59 pm Report abuse
lol youtube links, can't find a SINGLE forbes/reuters/bloomberg link that shows that Argentina ISN”T a disaster, and that USA is.
73 DanyBerger (#) Feb 05th, 2013 - 05:49 pm Report abuse
Boys you don't need any links you just have to get your nose out around US.

Ah! sorry I forgot that you are afraid to get out from your homes after 19:00 because you can be killed on the streets like dogs.

Living in deny who?

But you are really lucky because Bloomberg keeps very well the streets of New York

ha ha
74 Pirat-Hunter (#) Feb 05th, 2013 - 05:53 pm Report abuse
#8 Paris club will get what Gaddafi got from UK, I believe keeping Paris club money is a good punishment for war mongering in Africa, we better take adventage of the rules before europe tries to turn the table or change the rules of modern war.
What this report fails to mention is how CFK finances compares to all prior governments who depended on IMF theft and hand outs. 2 billion dollars loss is quite an improvement in a country where all other presidents created a 100 billions debt during a single term.
Here is a video of what Argentina considered to be the best president prior to 2001. Enjoy!
75 Captain Poppy (#) Feb 05th, 2013 - 05:56 pm Report abuse
Yankee I just got back. What they are doing now is buying massive amount of items they can get and filling the empty shelves with the over stocked items to prevent them from being empty. I went up to Iguazu and they had built a new mall there from the last time I went up there. With all the tourists there (Brazilians, Americans and Brits, no one was in that mall the whole week I was there, it was amazing that they can afford tp stay open with no one buying anything.
76 mastershakejb (#) Feb 05th, 2013 - 06:36 pm Report abuse
still can't produce respectable nonyoutube link, lmfao, and not for lack of trying, u know these retards were searching for hours before they gave up and simply posted another youtube link (which no one clicked on)
77 Mendoza Canadian (#) Feb 06th, 2013 - 10:20 am Report abuse
Check out this article...
78 LEPRecon (#) Feb 06th, 2013 - 10:33 am Report abuse
Where has all the money gone?
Long time passing.
Where has all the money gone?
Long time ago.
Where has all the money gone?
Into CFK's off-shore bank accounts everyone.
When will they ever learn,
When will they ev-er learn.

79 DanyBerger (#) Feb 07th, 2013 - 01:14 am Report abuse
Meanwhile in the real world Argentina economy growing as usual, big consumption.

Unfortunately jealous and evious Canadians, British and Yanks all facing triple dip VolksWagen style VW gosh! Someone have to be very stupid.

ha ha
80 Captain Poppy (#) Feb 07th, 2013 - 01:12 pm Report abuse
The International Monetary Fund's historic rebuke of Argentina is likely to cement its outcast status among global investors while failing to persuade the government to boost the credibility of its economic data.

Argentina on Feb 1 became the first nation to be censured by the IMF after the Washington-based lender said that President Cristina Fernandez de Kirchner's government isn't addressing concerns that it's underreporting inflation, which analysts forecast is more than double the 10.8 per cent official rate. While the move won't have an immediate effect, it takes the country a step closer to sanctions that include expulsion.

“This official action makes it quite apparent to those who may want to invest in Argentina that there's trouble,” said Albert Fishlow, a former top US diplomat to Latin America.

Still, Argentina's feuding with foreign investors dates back to its 2001 financial meltdown, which Ms Fernandez blames on the fund, and she is unlikely to change the course of policy that is being shaped by other influences, such as the price of soybeans, he said.

81 yankeeboy (#) Feb 07th, 2013 - 03:11 pm Report abuse
Dany, Since you are obviously not well informed Argentina has been in a recession since Nov 2011. The contruction industry has lost 40,000 jobs and is the worst since 2002. The real estate industry is down 85% yoy!! Which means it is dead stopped. Wine industry has laid off 16,000 since the USA implemented higher taxes on RG products.
That is not even naming all the other projects that have stalled and the 10s of BILLIONS of U$ that have fled the country in the last couple of years.
My guess is Arg will have a hard time paying for fuel this year.
A hard time
82 DanyBerger (#) Feb 07th, 2013 - 08:35 pm Report abuse
@ yankeeboy

You are absolutely wrong because your ignorance, jealousy, envy and hatred toward argies blind you.

Argentina had never been in recession since 2003.

To consider a economy in recession and depending of the country criteria the economy has to shrink for at least 2 consecutive ¼ or 6 months.

That had never happened in Argentina since 2003 so meanwhile growth is over 0 even 0.10% no recession exist.

And for your knowledge the only countries in recession or stagnation in the world are the PIIGS, Britain, USA and Japan and that will be like this for so long at least 10 years more.

Enjoy it...
83 Captain Poppy (#) Feb 08th, 2013 - 01:27 am Report abuse
being jealous og an argentine is like being jealous of diarrhea.
84 DanyBerger (#) Feb 08th, 2013 - 05:25 am Report abuse
@Crap tain PooP Y

Well may be you are worse than the Diarrhea.

If you think the U.S. economy is bad now, just wait for a few months. Things are about to become absolutely nightmarish. None of the long-term economic trends that are hollowing out our economy have been addressed and more bad economic news seems to come out virtually every single day. Now there is constant talk of the “next recession” in the mainstream media. But did the last recession ever truly end? The number of good jobs continues to decline, more stores are closing, incomes continue to go down, credit card debt and student loan debt are soaring, the housing market resembles a corpse, the number of Americans living in poverty continues to rise and government debt is at unprecedented levels. We are losing blood fast, and almost all of our leaders are either too corrupt or too incompetent to be able to do anything about it. The U.S. economy really and truly is about to go into the toilet, and if something is not done very quickly we are going to experience a complete and total economic disaster in this nation.

Americans have been promised over and over that this economic downturn is just “temporary” and that things will return to normal soon. During this upcoming election cycle, the Democrats will swear that they have all the answers and that if we just elect them everything will be okay. The Republicans will also swear that they have all the answers and that if we just elect them everything will be okay.

Well, both sides are lying. The economic plans of both major political parties are a joke. Neither of them can restore economic prosperity to this nation..

Doesn't look any good for me...
85 Captain Poppy (#) Feb 08th, 2013 - 11:10 am Report abuse
lol yawn....not worth a response. Now rgentine la campora troll are prognosticators . What is Fatsimo the Fat Fucking Kirchner injecting into you trolls?
86 yankeeboy (#) Feb 08th, 2013 - 01:30 pm Report abuse
Dany, Please show me links from 2012 of any significant contributor to Argentina's GDP. Since Nov 2011 every economic indicator has turned negative, then accelerated in 2012.
You've been in recession for over a year and will be starting a depression soon.
The only people who think the economy was growing after 11/2011 is INDEC and they're reporting CFK is still in her 20s and has graduated from law school.
87 DanyBerger (#) Feb 09th, 2013 - 02:57 am Report abuse

Really I don’t care what you think and I will not waste my time with such idiot like you that have no clue about what talks about.

Hire the service of a think tank if you want to get statistic about economic indicators in Argentina.

MeanWhile in the real world US and UK going into VW dip sad but true injoy it while its last lets say another 10 years at least if you are lucky.
88 Captain Poppy (#) Feb 09th, 2013 - 05:11 am Report abuse
Yankee dumburger is not the same troll at all. Language skills are extremely different, this replacement can't even spell, his predecessor could and had much better grammer and syntax. I wonder if he ever ventured out into the world to see just exactly what the world thinks of Rgentina and how off his opinion is? It seems like dumburger and Hepatitis is carry the trolls.
89 DanyBerger (#) Feb 09th, 2013 - 11:51 am Report abuse
@Crap Tain PooP Y

Tell me your hispanic and latino heritage come from your mother or your father?

Who cares about what you think, what the world according with you thinks, etc.

If you would know the world you would realise that people like you are consider the most stupid people in the world.

Now tell us from which part of Mexico was your family, Tijuana perhaps?
90 ChrisR (#) Feb 09th, 2013 - 12:42 pm Report abuse
Back on topic.

How much is in the kitty after Twat Features Timermans little juant to the UK and paying for all his 'supporters' expenses?

The central Bank has been paying most of the bills despite the claims of the argie despots. They are down to USD 5 Bn.

Does anyone know the real figure, probably out of money is my gut feeling.
91 Captain Poppy (#) Feb 09th, 2013 - 01:41 pm Report abuse
ChrisR ...they are very likely out of international money completely. I was reading about Venezuela and Rgentina is mirroring everything they do. Venezuela started controlling the dollar because they had no dollars. Yesterday they did a major revaluation.
When I was in Rgentina, almost no one would accept debit and credit cards because it takes over a month for Rgentine banks to exchange the funds. Funny though, I see so many British tourist when I was there, unlike these trolls would have you believe. It was also interesting to see container upon container sitting and rusting in Puerto Madero and the grocery stores, rather than displaying bare shelves like in the past, they would over buy one product and fill the empty shelf with the over stocked product they could buy. You can go down one aisle and they entire aisle be olive oil! It looked crazy. The bank is out of green backs, it was proved when they could not pay to repair that naval vessel in South Africa. It is going to get worse living paycheck to paycheck considering the most recent argi reports on soy and corn. The weather is not cooperating with asslips.
92 yankeeboy (#) Feb 09th, 2013 - 02:19 pm Report abuse
Dany/Sussie, I don't need to hire a think tank. I can think all by myself! Obviously you can't provide any links to growing RG industry in 2012, psst..I already knew that.
When do you expect Hyperinflation to start? With the massive Devaluation? Yeah probably about 3-4months after that. Let's watch what happens to your sister country Venezuela. That will show you.
I hope you bought sugar, laundry detergent and toilet paper over the last year like I have been suggesting.
93 ChrisR (#) Feb 09th, 2013 - 05:39 pm Report abuse
92 yankeeboy
“I hope you bought sugar, laundry detergent and toilet paper over the last year like I have been suggesting.”

No hopes of that:

1) they do not have the money;
2) they do not know what laundry or detergent is and as for toilet paper?
3) they probably stink to hell.

But they are fixated on Peronism and TMBOA.
94 Captain Poppy (#) Feb 09th, 2013 - 06:59 pm Report abuse
Something to keep in the back of all your minds: just like there is a divide of who voted for Obama, who supports Cameroon, not everyone in Rgentina supports or wants asslips or even peronists in power, nor do we always support where our leaders take the direction of the country. Anyone that believes All Rgentines are fixated on peronism have never been there. The working and middleclass RG's have more money then people think they have. It's not millionaires flocking to Miami and Disney World every month.
95 DanyBerger (#) Feb 09th, 2013 - 11:38 pm Report abuse
@Crap Tain Poop Y

“It's not millionaires flocking to Miami and Disney World every month.”

Now tell us from what Latam country are you?

Who the hell want to go to Miami and DW????
96 Captain Poppy (#) Feb 10th, 2013 - 12:15 am Report abuse
Every wonder why rgentina is afraid to allow the RG peso trade on supply and demand like most democratic free nations?
Oh .......and that demographic question that you asked of Disney World.....a little research and brain power you can find that yourself. If you were in the Western Hemisphere, you would know who goes to Disney World. There a two to three flights a day from Ezeiza to the USA and there are a hand of Americans on them....
So what is the official exchange rate of the peso and the demand rate?
97 DanyBerger (#) Feb 10th, 2013 - 04:35 am Report abuse
@Crap tain

I'm in the western Hemisphere what about you?

May be those 3 flights are to bring poor yanks to clean toilettes in BA.
Have you ever thought about that?
Who knows?

Meanwhile in real world US economy is going into recession again like VW.

Do you have any explanation about that?

Ah! you say that nothing is working anymore?

Well what about to live on your own means?
Us falling a you have not even noted that?
Brainwashed who?
98 yankeeboy (#) Feb 10th, 2013 - 02:04 pm Report abuse
Dany, The ticket airline ticket prices from USA to EZE has dropped by 1/2 yoy. Which means demand to go to BA is down sharply.
I hear that a lot of Hotels in BA are closing.
2013 looks pretty ugly in Arg so far.
I don't see it getting any better anytime soon
99 Captain Poppy (#) Feb 10th, 2013 - 03:05 pm Report abuse trolls need to work Start with English lessons.

caio gracias
100 DanyBerger (#) Feb 10th, 2013 - 07:22 pm Report abuse

WTF is yoy?

Anyway may be the offer is because yanks like you cannot afford the ticket and don’t worry if hotels are empty sure will be fill up with Bolivians that are nicer and cute than you and pay in cash.

@Crap tain

The problem with you is... that you only speak Spanglish and cocoliche like your “caio gracias” wtf that means?

Is not Spanish is not Italian may be Amexican?
101 yankeeboy (#) Feb 10th, 2013 - 09:19 pm Report abuse
Year Over Year
102 Captain Poppy (#) Feb 10th, 2013 - 09:46 pm Report abuse
Idiot.....EVERYONE in rgentina say caio gracias and if you were ever in rgentina you would know that you fucking wet fart. I am of European descent and for for obscure reason calling me a Mexican is an insult in your scattered mind. When will you grow up? You are a classic example of human waste and a case argument for abortion. Apparently the doctor confused the placenta with the baby and were named dany. When you dad pulled out of your momma and ran down the crack of her ass to leave a greasy brown spot on the sheet, they should have collected your brains then and there but your intelligence was washed away in the laundry. You're a bore and not worth answering any longer. Words like retard and idiot and so fucking stinging I just may cry, if I can remember how.
103 DanyBerger (#) Feb 11th, 2013 - 01:03 pm Report abuse
@ Crap Tain PooP Y

Still no “Caio Gracias” in Argentina idiot

You are not European mate, touch your back to see if it is not still wet...

Ah! Can you see?

Your back is still wet because when your daddy from Tijuana was crossing the Rio Grande you accidentally were dropped into the water.

Don’t worry that could be and advantage when you will look for a job in your daddy’s town to clean toilettes.
104 yankeeboy (#) Feb 11th, 2013 - 01:53 pm Report abuse
A lot of Argentinians fled to Mexico in 2001
they were desperate to leave and couldn't get a USA visa.
105 Captain Poppy (#) Feb 11th, 2013 - 03:59 pm Report abuse
Looks like the supermarkets are not allowed to advertise now. What next?

More storms and the harvast this year will certainly have major impact on the dollar, that dumburger is trying to spout no one wants....Just another day in paradise!!

Doesn't an apple a day help keep the doctor away? Or is it rgentines?
106 yankeeboy (#) Feb 11th, 2013 - 08:23 pm Report abuse
There is a very good chance they won't be able to buy enough fuel this winter. Last year was pretty bad with 100s of factories shut down on the days it was below 40f in BA.
It looks to be worse this year
they're a 2 week cold snap from being totally out in the whole country
107 Captain Poppy (#) Feb 11th, 2013 - 09:48 pm Report abuse
One week since the grocery store annoucement and the shelves are getting bare already......why, because the stores do not want to buy at todays prices and sell at last week's prices. Just wait until next week. Kirchner can ruin a wet dream.
108 yankeeboy (#) Feb 12th, 2013 - 12:40 am Report abuse
They will enforce the hoarding law shortly and raid/steal goods from farmers and mfgs until everything is gone.
Not gonna be pretty this winter.
109 DanyBerger (#) Feb 12th, 2013 - 04:40 am Report abuse
@Crap Tain PooP Y YankeeLadyBoy

Meanwhile in the real world Argentina’s economy growing as usual, plenty of food everywhere, no electricity cuts like in US, No telephone interruption like in US, no 2 digits unemployment like in US and everything OK.

Should be really frustrating for guys like you that have been from 2003 forecasting all types of tragedies to happen in Argentina but never materialised.

Why don’t you try to write articles for The Economist that holds the record after Clarin Miente y La Destruccion of Mitre on prognosticating things that never happened?

BTW boys with your wonderful skill on languages how do you do to avoid to be scammed all the time?

SYL Pollo Poco and Mente Poco. Ha ha ha
110 Captain Poppy (#) Feb 12th, 2013 - 11:20 am Report abuse
Yankee it's getting worse fast, especially up in the Corrientes and Mendoza areas. And the weather continues to wreck havoc on the agri economy, the flesh and blood to asslips madness. This winter is going to be hell for the ones that get a real winter. Maybe they will expropriate those containers in the ports.
111 yankeeboy (#) Feb 12th, 2013 - 11:36 am Report abuse
A neighborhood cut the PanAmerican Hwy yesterday because they still have no electricity and one of the cars fired shot on them! People's tempers are reached their limits it seems.
This snowball is rolling fast and growing larger
I can't wait until they try to confiscate the SOY from the farmers. AFIP is threatening them already so it won't be long now.
If the farmers can hold the stock until 3rd quarter it should be enough for the govt to fall.
Although the stupidity and passivity of the Argentinians seems to shock me all the time.
112 Captain Poppy (#) Feb 12th, 2013 - 01:45 pm Report abuse
They are after the farmers now with the help of the AFIP. After stealing the farmers market, they are pressuring them to steal to hurry up and dollars, of course for ready for the next debt payment. How many times can they shoot themselves in the feet?

Rather then try and work with groups they bully themselves everywhere, then bitch about lack of cooperation. Their time is qucikly running out.
113 ChrisR (#) Feb 12th, 2013 - 06:53 pm Report abuse
Yesterday in Punta Del Este the USD to the AR Pesos was 9.3!

Not far from 10:1.
114 yankeeboy (#) Feb 12th, 2013 - 07:37 pm Report abuse
Chris, I am surprised anyone in Uruguay is still accepting it at any price! I would not hold Pesos since there is a massive devaluation coming any time now.
115 ChrisR (#) Feb 13th, 2013 - 10:41 am Report abuse
114 yankeeboy

I was surprised to see ANY value of the ass-wipe notes, especially as the credit card agencies seem to be ignoring TMBOA and honouring dollar transactions (but with a good hit in charges I bet).
116 yankeeboy (#) Feb 13th, 2013 - 01:51 pm Report abuse
The only way CFK is keeping the black market peso down is by sending cronies with bags of U$ to try to flood the market.
In the end it won't work
you can't fight the market
Massive devaluation is imminent.
117 ChrisR (#) Feb 13th, 2013 - 04:38 pm Report abuse
Mr. Market ALWAYS decides the outcome of any attempted market fixing, always.

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