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.
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.
Suggested Stories
-
May 21st 2013
Argentines expect inflation to average 34.9% in the next twelve months
-
May 20th 2013
Brazil trapped by Argentina and Venezuela economic mismanagements
-
May 18th 2013
“Blue” dollar in Argentina picks up in last day of trading and reaches 8.95 Pesos
-
May 17th 2013
Argentina’s ‘autarkic project’ worsens bilateral relations and multiplies problems
117 comments Feed
Note: Comments do not reflect MercoPress’ opinions. They are the personal view of our users. We wish to keep this as open and unregulated as possible. However, rude or foul language, discriminative comments (based on ethnicity, religion, gender, nationality, sexual orientation or the sort), spamming or any other offensive or inappropriate behaviour will not be tolerated. Please report any inadequate posts to the editor. Comments must be in English. Thank you.
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: $371.1 bn
No so bad for Argentina keep lying and telling craps please...
So just under a third of the debt that you defaulted on a few years ago then?
Get it right for once in your life:
BoE figures for June 2012:
Total UK Govt. foreign currency reserves USD$ Bn = 99.266
(2.3 times AR)
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.
www.ft.com/cms/s/0/d809c45a-6e1b-11e2-983d-00144feab49a.html#axzz2JvuFkqJd
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.
Don't forget the $10bn owed to the Paris Club.
“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. ”
HAHAHAHAHAHAHAHAHAHAHAHA.
When will you quit lying you retard? Don't you get the “messages” from above? Loser 3rd world yank.
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.
www.youtube.com/watch?v=5I8mvrInQK0
www.youtube.com/watch?v=8am34fKm5_8
UK and USA.... FOURTH WORLD.
www.clarin.com/politica/Polemicos-residencia-embajador-argentino-Brasil_0_859714055.html
www.youtube.com/watch?v=MWCoX6o-b80
HAHAHAHAHAHA
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?
HAHAHAHAHAHAHAHA... 3rd world USA.
Maybe now yankeeboy will stop saying idiocies about “I've never lost power”... that was a message from above. hahahahahah!
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?
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.
“The way of Venezuela or Chile.”
I hope you are presenting these two as opposing alternatives, rather than grouping them as one alternative!
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.
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.
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.
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”
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 nosi.....no?
Quite frankly nosi, you insult yourself only you are too much a egomaniac to know it, but everyone else here knows it.
3rd world... end of story.
Like? dare I say it, the Falklands.
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..........
That's all there is left. Typical impotent response.
hahahahahahahaha...
So......little runny nose nostril.....any comments on the reserves?
It's just all descended into nonsense over there.
You all live sad, empty lives. No family, no meaning. Just work and count your money.
Is that a character defect!
Not very congruent.........
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 malbec......like a watered down merlot.
The fact is, Tobias doesn't even live in Argentina and just describes what he remembers, and in an idealised form.
uuuuuuuuuuuuuuuuuujajajaja!
46 millons USA citizens receiving food stamps from the goverment to avoid starvation!
uuuuuuuuuuuuuujajaja!
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!
So sussy is now c.carlos ......lol. sussy.....you 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.
(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:
en.m.wikipedia.org/wiki/Low_Income_Home_Energy_Assistance_Program
& 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.
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.
The inflation in 30 days was more than Canada has in 365
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.
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 USA....how about Katrina?...
You are nothing more than a stupid baby boy! Get lost KelperAbout!
“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.
en.wikipedia.org/wiki/The_Station_nightclub_fire
USA... 3rd world. Get used to it.
@50
Canada doesn't even provide fresh WATER for its native canadians, and you are a country full of fresh water lakes. How embarrassing.
@41
Want me to bring back again the wines of the year list from AMERICAN and BRITISH publiations??? hahahahahaha...
www.winespectator.com/display/show?id=47551
buyingguide.winemag.com/toplists/2012/wines/10-1
Mendoza #1, suck it. hahahahaha.
@40
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.
@39
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...
www.losandes.com.ar/notas/2013/2/4/cafes-negocio-expansion-mendoza-694785.asp
“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.
LOSERS ALL OF YOU.
hahahahahaha....
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!
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”)
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.
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.
Enjoy!
What about to try again but this time in Enghissss? will you?
Anyone see kicillof get booed of the Uruguay ferry? They should have tossed him overboard.
I just watched the video of Kicillof, Captain Poppy. LOL @ Argentina forever and ever! Dead country walking
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.
www.youtube.com/watch?v=ICx3AfSlc-w
www.youtube.com/watch?v=p_Og0_qM_mo
Pretty shitty isn’t it?
epic clownability, try reuters, forbes, bloomberg, etc
youtube = opinions
but i wouldn't expect you to understand such simple facts
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.
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.
www.youtube.com/watch?v=jpCSfPUyfeU
Is not really USA the most shitty country in the world?
You cannot tape a police?
What?
Shitty US police on action
www.youtube.com/watch?v=_TPucQHtHZs
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?
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?
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.
haha
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
www.youtube.com/watch?v=Q-UbQ3rXCpo&playnext=1&list=PLBC7D556E511F8BD7&feature=results_main
ha ha
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!
www.youtube.com/watch?v=VkKnxOxnWuE
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.
:D
Unfortunately jealous and evious Canadians, British and Yanks all facing triple dip VolksWagen style VW gosh! Someone have to be very stupid.
ha ha
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.
.
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
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...
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..
theeconomiccollapseblog.com/archives/30-signs-that-the-u-s-economy-is-about-to-go-into-the-toilet
Doesn't look any good for me...
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.
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.
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?
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.
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.
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.
“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.
“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????
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?
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?
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
caio gracias
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?
retard
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.
they were desperate to leave and couldn't get a USA visa.
abcnews.go.com/International/wireStory/argentine-media-govt-taking-advertising-18443800
More storms and floods......now 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!!
www.buenosairesherald.com/article/123877/severe-storm-floods-hit-city-ba-province
Doesn't an apple a day help keep the doctor away? Or is it rgentines?
www.freshplaza.com/news_detail.asp?id=105782#SlideFrame_1
It looks to be worse this year
they're a 2 week cold snap from being totally out in the whole country
Not gonna be pretty this winter.
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
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.
www.buenosairesherald.com/article/123998/farming-sector-leaders-complain-over-government-measures
Rather then try and work with groups they bully themselves everywhere, then bitch about lack of cooperation. Their time is qucikly running out.
Not far from 10:1.
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).
In the end it won't work
you can't fight the market
Massive devaluation is imminent.
Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!