MercoPress. South Atlantic News Agency
Argentina threatens with ‘flexible imports’ to ensure supply of consumer goods
Argentine president Cristina Fernandez announced the government is prepared to make imports more flexible in those areas where a few companies have a quasi-monopoly control, but also warned about windfall profiteering. Read full article
Comments
Disclaimer & comment rulesOh why can't any of them see it?
Mar 22nd, 2013 - 07:49 am - Link - Report abuse 0It's like slowly boiling a frog! The frog thinks it's just enjoy a nice spa until its too late.
Enjoy the spa Argentina. The collapse is going to be a real splash of cold water.
Good post Anglotino.
Mar 22nd, 2013 - 07:58 am - Link - Report abuse 0Their economic strategy becomes more and more nonsensical and ridiculous.
'An important chain of supermarkets reported that after cutting the huge publicity costs it not only managed an increase in sales but also in the profit margin'
How can anyone with half a brain believe this? So inflation is out of control but the supermarkets aren't able to raise prices and thus suffer decreasing margins and most likely negative margins.
So for those who aren't economically minded, the products, staff and transport costs rise but the supermarket cannot raise prices and as such buys at a higher rate and sells at the same rate it previously did when their buying price was far cheaper.
Xcet, and they're making more money!
Mar 22nd, 2013 - 08:53 am - Link - Report abuse 0PMSL.
The 1st of April will be a fun day.....
Mar 22nd, 2013 - 08:57 am - Link - Report abuse 0Is she diluted? Does she actually believe what she says? Is she smart enough to understand. If so she must be a wondrous deceiver...!!
Mar 22nd, 2013 - 08:58 am - Link - Report abuse 0She then went on to appeal to all Argentines “to take care of what we've achieved“.
Mar 22nd, 2013 - 09:10 am - Link - Report abuse 0Achieved what precisely ?
The many mired in the trap of welfare dependency paid for by the few ?
having a ship repossessed ?
Dismantling and stealing the private pensions industry ?
The destruction of an independent judiciary ?
Some of the worst crime figures in LatAm ?
The most protectionist economy in LatAm ?
I could go on , but I haven't got all day .
”The current global crisis times demand us, businessmen, union leaders and workers to make a great effort, an intelligence exercise to preserve this Argentina we've achieved”
Mar 22nd, 2013 - 10:08 am - Link - Report abuse 0Monumental, blatant, grand-scale, multi-year incompetence is an achievement? And the only thing that's a problem is the world economy?
Stupefying, absolutely stupefying.
Its all yours PH, MA, TTT, Think, Sussie etc. All yours. These are the people you chose - and continue to see - as the best for the job. Good luck with what happens next.
And the craziness continues, tweak here tweak there and all will be well. They are really dumb people.
Mar 22nd, 2013 - 10:09 am - Link - Report abuse 0All of this craziness has been tried many times and has ended in failure.
It will again.
It makes me really angry the regular working Rgs are so passive and let their country be ruined around them.
Goes back to my never answered question
Are they
Dumb or lazy
or
both?
All of these tweaks yet they are still intent on increasing the monetary base by 40% next year. It's mental that people don't understand what this will do to the country
Mar 22nd, 2013 - 10:17 am - Link - Report abuse 09. When you can print whatever money you need to pay your bills it is all fine until it isn't.
Mar 22nd, 2013 - 10:22 am - Link - Report abuse 0They are very stupid people that have absolutely no business running a country.
The head of BCRA has said many times that increasing the money supply has no effect on inflation. She has said it many times! How someone that dumb got to where she is is flabbergasting. I have no idea what kind of economics they teach in that country.
I can't believe there are not mass riots yet.
yankeeboy
Mar 22nd, 2013 - 10:22 am - Link - Report abuse 0You couldn't care less for the “regular working Rgs”, and I can assure you they couldn't care less about what you think they should do. Regardless what, it's their vote and their choice. Unlike the islanders, Argentina doesn't need Spain to tell her what to do. Or any other nation, especially those with no morals whatsoever, like your failed democracy.
@10 I've read that many times and tried to explain to RG friends the difference between QE and just printing money. Obviously the principle is the same but it is all about the levels at which you do it. A little QE can help, an increase of 40% is going to screw your ecomony. I know that when this starts to tip, there will be some very suprised people in Argentina as they will not have seen this coming at all.
Mar 22nd, 2013 - 10:33 am - Link - Report abuse 0Stevie, The “regular working Rgs” have proven over the last 30 years that they are too stupid to be trusted with a vote.
Mar 22nd, 2013 - 10:34 am - Link - Report abuse 0They have ruined their country beyond immediate repair, the majority are dumber and poorer over the last generation than the generation before and I don't see that trend changing.
There will be mass riots as soon as hyperinflation kicks in. Mark the post. I 'm not usually wrong.
13
Mar 22nd, 2013 - 10:39 am - Link - Report abuse 0At least their kids can go to school without getting shot at. Solve your own issues before pointing fingers.
Stevie, Maybe you have not seen the schools in Argentina. They are disgusting and dangerous. Go take a stroll through UBA next time you are back in the country. It is like walking through a slum, go to a bathroom, no doors, no TOILET PAPER, the classrooms have water dripping in them, broken windows, graffiti everywhere, it is awful, simply awful.
Mar 22nd, 2013 - 10:45 am - Link - Report abuse 0Plus not only it is horrible to look at most Rgs have a 6th grade education! They can barely read and write! Then there are the few who finally graduate with a bachelors sometime in their late 30s, 10-20 years behind the rest of the world!
I am happy to compare the USA to Argentina education any day.
There is a reason the rich in Argentina send their kids to the USA or UK to the Universities.
(12) Welsh Wizard
Mar 22nd, 2013 - 10:48 am - Link - Report abuse 0You say.....:
“ tried to explain to RG friends the difference between QE and just printing money”
I say...:
Have you tried to explain your US friends the difference between QE and just printing money?
Could you try to explain to this RG friend the difference between colaterall damage and just killing civilians?
You Anglos have a way with words...... and a gigantic Chutzpah!
15
Mar 22nd, 2013 - 10:52 am - Link - Report abuse 0Whatever your preferred lies of the days are, unlike yankeeboys and -girls, Argentine schoolkids don't get shot for going to school.
Solve your own issues before pointing fingers.
@17
Mar 22nd, 2013 - 10:55 am - Link - Report abuse 0Thats not quite true
4 Die In Argentina School Shooting
http://www.cbsnews.com/2100-202_162-646126.html
18
Mar 22nd, 2013 - 11:00 am - Link - Report abuse 0I could post you links on school shootings in the UK, Germany, and probable plenty more countries in the world. But in none of them it has developed further than isolated incidents. In USA it's a sport.
Stevie, It just shows that you don't know the difference between a one-off event and the complete destruction of a Society through corruption and theft. It is the reason Argentina will continue its downward slide to Bolivia.
Mar 22nd, 2013 - 11:01 am - Link - Report abuse 0I feel sorry for you.
BTW I hope you didn't have any kids at the daycare in San Isidro that tortured the kids on a daily basis or the Catholic school where the priests targeted boys from the same families for sexual abuse, 3-5 brothers in a row was pretty common I hear.
20
Mar 22nd, 2013 - 11:05 am - Link - Report abuse 0You hear a lot. Sort Guantanamo, sort your school shootings, your wicked way of torturing kidnapped people, sort your poor, sort your debt... Heck there's loads of issues you could take on, why this sudden interest of moralising Argentina? Who are you to point fingers?
I do not deny there are things that I don't like that my gov't and some citizens do.
Mar 22nd, 2013 - 11:10 am - Link - Report abuse 0I am happy to debate them on another board just post the link.
This board is to chat about Argentina and the Falklands.
BTW Have you ever been to either one?
It doesn't appear so
You point fingers, that's what you do. You are a grumpy old man with a disfunction. You point fingers.
Mar 22nd, 2013 - 11:20 am - Link - Report abuse 0Stevie, Do they teach logic wherever you are from? How about debate?
Mar 22nd, 2013 - 11:25 am - Link - Report abuse 0Economics?
What exactly is your skill?
I see right through your lies, that's my skill.
Mar 22nd, 2013 - 11:27 am - Link - Report abuse 0One of the issues that I see is cowardice more than anything else. A common gesture for many is a shrug of lethargic apathy. If things get really bad they will just seek refuge under a rock without saying a word.
Mar 22nd, 2013 - 11:36 am - Link - Report abuse 0@22 I've read about your revolution and the story of the Stamp Act is applicable here. They hung Andrew Oliver, the merchant that imposed the Stamp Act in effigy, forcing him to resign from his post. That will probably not happen here.
The climate of fear that exists is that if someone does go against the government, their house will be taken, and a hitman or a group of thugs will murder them and their families. Also, that if the K's are removed from power, then just another corrupt regime with take its place.
I think Cristina and King George III have a lot in common. They both took cues from tyrants of the past, imposed high taxes, surrounded themselves with sycophants, ignored the people, destroyed people's sense of security, and wrecked the economy with self-serving controls.
If her government does fall apart, which it will, her biggest enemies will come from within her own party. You can't have an alliance full of of backstabbers for very long when the loot is running out.
I don't lie. There is no need to and it is much easier to remember the truth.
Mar 22nd, 2013 - 11:38 am - Link - Report abuse 0You can always present an opposite view with links to disprove my posts
alas
you never do
most likely it is because you can't
27
Mar 22nd, 2013 - 11:40 am - Link - Report abuse 0“I don't lie.” See? My point proved.
28. You are not very smart are you?
Mar 22nd, 2013 - 11:52 am - Link - Report abuse 0If I lie in any of my posts you should refute them with your position and/or links to back up your claim.
Don't act like a 13 year old girl
grow up and debate me
or
just look like a retard
makes no difference to me
and its totally up to you
29
Mar 22nd, 2013 - 11:55 am - Link - Report abuse 0Debate you? Your main arguments are “Everybody knows...” and “I know for a fact...”. All lies and deceptions. If you don't want me to treat you as a 13-year old, don't act like one.
@28 - Stevie
Mar 22nd, 2013 - 11:57 am - Link - Report abuse 0You seem upset about something? Is it because no matter how many pairs of rose-tinted glasses you wear you cannot escape the truth that the Argentine economy is completely ruined?
And because in your strange make-believe world, only things that you say are true so therefore everyone else is wrong, and you get angry at them and act like a teenager who has been told he can't have the latest video games console?
It's really sad when reality bites, isn't it?
But as Yankeeboy has said, if you have proof that what he says isn't true then please provide links.
Your opinion isn't proof, it's just your opinion, which you are entitled to. But it still won't be proof.
Yup, angry about the fact that you are wrong, the Argentine government is wrong and has been lying to you, and that you won't be able to afford a loaf of bread soon, let alone anything that could be considered a 'luxury' item.
Never mind, maybe CFK will rant on some more about the Falklands and make you feel better.
Return to the late 8o's ... Funny how it all goes around and around... One day the light bulb will switch on.. It does however, seem a long time coming... One can only hope the country will have the resource to keep it shining..!
Mar 22nd, 2013 - 11:58 am - Link - Report abuse 031
Mar 22nd, 2013 - 12:01 pm - Link - Report abuse 0Something in your eye?
Wait... They will be changing the prices at the register just like before.. It's a pity! Kick her out now while there is still time.. Call Charlie back... He can do any worse...
Mar 22nd, 2013 - 12:05 pm - Link - Report abuse 0Seems like all of the loyal CFK fans are in complete melt down.
Mar 22nd, 2013 - 12:05 pm - Link - Report abuse 0and that makes me happy.
@16
Mar 22nd, 2013 - 12:20 pm - Link - Report abuse 0Hi Think, hope all is well... Obviously not going to answer your question regarding collateral damage as it has nothing to do with this topic.
My point regarding QE and printing money is simple and all about amounts. My point was that each time is mentioned it people said theuy were the same as they were both “printing money”. What people failed to understand was that an increase in monetary base of 40% is going to have a huge impact on inflation. QE will also have an impact but not so great (i.e. UK inflation might go up form 2.3 to 2.3%). It was this concept that people didn't understand, the sheer amount of money being printed. Interestingly, last time I was there both the wife and I noticed that all the notes were generally oldish apart from the $100 peso notes. The vast majority of these were brand new....
Fiat currency anyone?
Mar 22nd, 2013 - 12:22 pm - Link - Report abuse 0another successful derailment by the Malvos I see.
Mar 22nd, 2013 - 12:27 pm - Link - Report abuse 036. You'll get better results trying to teach a cat economics, money supply or for that matter logic and reason than to an Argentinian.
Mar 22nd, 2013 - 12:33 pm - Link - Report abuse 0@7 you say Its all yours PH, MA, TTT, Think, Sussie etc. All yours. These are the people you chose - and continue to see - as the best for the job. Good luck with what happens next.
Mar 22nd, 2013 - 12:47 pm - Link - Report abuse 0I say very difficult for them to vote as none of the afore mentioned half wits live in rgenweener
You can see what is happening by looking at how the market reacts. If the US prints money it has a downward effect on the dollar. It is not huge because people realise the US still produces valuable goods and services that are wanted in domestic and export markets and will generate tax revenue that will maintain law and order and some semblance of a continuing society.
Mar 22nd, 2013 - 12:55 pm - Link - Report abuse 0If Argentina does the same thing it's printed money is spread over a much smaller economy. It is questionable whether it is able to produce that much and its future tax and economic growth is threatened by the increasing breakdown of law and order and its deterioration of its transport and energy infrastructure. This, together with its unwillingness to repay its debts and its pride in its unwillingness to repay its debts means that the peso is extremely fragile. So the effect of Argentina printing money is different from what happens when the USA prints money.
On another note the new TV series Revolution is coming to your screens soon. It will give you some indication of what life in Argentina will be like if it continues on the current path.
“The freeze also includes a ban on publicizing prices in the media by supermarkets as part of the overall strategy to bring down costs”
Mar 22nd, 2013 - 02:04 pm - Link - Report abuse 0So the Marxism theory is now evolving into Communism economy. Do away with price competition and eventually turn it into non-price competition, that is, the allocation of goods. Beware of these things and educate yourselves!!!
We think the same old story will be played out,
Mar 22nd, 2013 - 02:21 pm - Link - Report abuse 0The rich corupt and incompetent,
Will relish the luxuries of Argentina life in the fast lane,
And the poor workers law abiding honest people, will suffer in silence,
Whilst poverty takes hold,
CFK is taking argentina backward rather than forwards, perhaps..
,,,,,,,,,,,,,,,,
But hey,
Were all in this together ??
Now where have I heard that before ??
.
#39 Yankeeboy
Mar 22nd, 2013 - 02:29 pm - Link - Report abuse 0You're dead right there. My cat knows full well that if it eats all it's food there won't be any left.
Apparently the Argentines can't grasp that.
(36) Welsh Wizard
Mar 22nd, 2013 - 04:28 pm - Link - Report abuse 0I'm not surprised about you not answering the question about “Collateral Damage”
Nothing to do with the topic of Anglo semantic trickery, you say?
Allow me to disagree....
Let me try to reformulate my question about “QE against Just printing Money” for better comprehension:
Have you tried to explain your US friends (those pinkish Anglo people living in North-America, printing every day of the year, decade efter decade, humongous amounts of green “In God we Trust” 100 dollar bills, without ANY real value backing their paper money whatsoever) the difference between QE and just printing money?
36. I told you, my cat is smarter than most Rgs.
Mar 22nd, 2013 - 04:45 pm - Link - Report abuse 0Once again I see the trolls living in Eurpoe and everywhere but SA are at their hardest diverting the topic and degressing the discussion into everything BUT restricted imports.
Mar 22nd, 2013 - 04:51 pm - Link - Report abuse 0Can anyone tell me why allowing imports into the country is a threat?
Wait, don;t bother answering as the question was rhetorical. My word...image if imports were allowed and supply started to meet the demand.........what catastrophic results might come of that?
Thinkless........with nothing backing the U$, other than it's word and the fact the the economy is stable in relation to SA. Why do you suppose everyione wants to sell to the USA and want their worthless U$? Our currency is traded, unlike the rolls on rg pesos. Put your peso on the open market if you are so confident in it.
So if I am a pink anglo, you must be a brown Guarani?
US$ wanted all over world, need to print more real money
Mar 22nd, 2013 - 04:52 pm - Link - Report abuse 0Arg print more Pesos good. World need more toilet paper, run out of Arg flags
”Have you tried to explain your US friends (those pinkish Anglo people living in North-America, printing every day of the year, decade efter decade, humongous amounts of green “In God we Trust” 100 dollar bills, without ANY real value backing their paper money whatsoever) the difference between QE and just printing money?”
Mar 22nd, 2013 - 05:19 pm - Link - Report abuse 0its only got no value to you and other Argentines - the rest of the world can get hold of them and so has value.
But I see your point: what's the use f the USD$ if your government says you aren't allowed any.
@ 45
Mar 22nd, 2013 - 05:22 pm - Link - Report abuse 0Think, given that we do not see 30% inflation in the US or mass devaluation of the US$, perhaps you would be so gracious as to explain why Argentina's situation is similar to that of the US.
(50) Welsh Wizard
Mar 22nd, 2013 - 05:30 pm - Link - Report abuse 0Is that how you “ tried to explain to RG friends the difference between QE and just printing money”?
Answering their questions with another question?
No wonder they dont understand you!
*yawns* @ Think always doing the same.
Mar 22nd, 2013 - 05:32 pm - Link - Report abuse 0Your Comment@ 51
Mar 22nd, 2013 - 05:49 pm - Link - Report abuse 0Think, you're trying to play silly buggers. I answered your question, perhaps you'll answer mine?
The current global crisis times demand us, businessmen, union leaders and workers to make a great effort, an intelligence exercise to preserve this Argentina we've achieved”
Mar 22nd, 2013 - 05:51 pm - Link - Report abuse 0Ok, so Argentina was to get its resources from its people. One problem. If the people cannot affort something, neither can the government.
(53) Welsh Wizard
Mar 22nd, 2013 - 05:54 pm - Link - Report abuse 0Answered my question?
Where?
How?
When?
Stevie's severe unhappiness isn't a great endorsement of Argentina.
Mar 22nd, 2013 - 05:57 pm - Link - Report abuse 0I have to go to lunch, a nice hamburger deluxe with french fries, wash it all down with a coke. But first, let me leave you with this.
Mar 22nd, 2013 - 05:59 pm - Link - Report abuse 0Printing money does not make a country any more rich. It transfers the VALUE of the existing money, the bread you have in your savings account back to the government. Now the new printed money is worth just as much as the money your blood sweat and tears worked for. And printing money causes INFLATION. Have a nice afternoon.
@47 I think it's just a way for her to decelerate the crash. While saying that she risks letting the outside world contaminate the “beautiful socialist paradise” that she created in the minds of people that would otherwise live off the carcasses of whatever stray animals they could find, or do that “work” thing that they hate so much.
Mar 22nd, 2013 - 06:15 pm - Link - Report abuse 0If you want to make a K's logic coherent, jump into a large dryer with a bag of rabid cats after drinking a 5 of scotch, after being sleep deprived for 48 hours. They are politically and economically retarded, conniving parasites.
Watch her actions, and disregard her lying mouth.
In the face of fear, it is fight or flight. I guess he chooses to fight.
Mar 22nd, 2013 - 06:18 pm - Link - Report abuse 0And back in Argentina,
Mar 22nd, 2013 - 06:28 pm - Link - Report abuse 0The Economy Minister is DEMANDING the black market trade the US at 6/1.
Good gracious these people get dumber every day.
Does anyone else think they've been playing under the crop dusters one too many times?
So Spain now wants to levy bank.accounts? Don't this turbulence seem to travel from the ME, to Latin Europe, to Latin America?
Mar 22nd, 2013 - 07:04 pm - Link - Report abuse 0If that is true, then Venezuela or Arh would see this proposed within a year.
Mr Tinker Befor you start spouting off about the British jackboot on the Isle of Man or the Channel Islands I sugest you do some proper research on matters which are not in your baliwick
Mar 22nd, 2013 - 07:13 pm - Link - Report abuse 0The Isle of Man has the oldest parliament in the world -Tynwald, though I might concede to you as a Skandahovian emigrant to Argentina that the Folkting in Iceland is even older at its foundation in 913 Has argentina embraced democracy? I have my doubts
The Isle of Man has its own autonomy and isnt part of the United Kingdom but relies on Uk for defence and foriegn policy. It sends no representatives to the Westminster parliament. Bit like the Falklands govt isnt it? Very few of them still speak the Manx language
Like THE FALKLANDS isnt it?
Manx cats have no tails so blame the genetic amputation on the dirty Brits for that also!
As for the Channel Islands tehave thier own parliaments called States
Thier allegiance is not to the queend of the Uk but to to our queen, the duke of Normandy. Yes they suffered under the jackboot for almost five years by the leader of the Nationalist Socialist Party led by one Adollf Hitler
Yes they had thier Quislings just like Mr Alex Best
But the jackboot invasion lasted five years. In the Falklands it lasted only 74 days
I wonder if this Demand is accompanied by intimidation?
Mar 22nd, 2013 - 07:33 pm - Link - Report abuse 0Nah
Do they still use Ford Falcons waiting outside someone house or work? Or have they purchased something newer?
Even supposedly clever Argentines are very stupid.
Mar 22nd, 2013 - 07:55 pm - Link - Report abuse 0I was on another site and one blogger was proud to be an 'engineering student' at one of the best universities in SA, maybe the world. It turned out to be BsAs University. Oh dear, I hear you say.
I pointed out to him that BsAs Uni had not even made it into the top 400 in the world whereas Sao Paulo, Bra; The University of the Andes, Colombia: and another of the Brasilian ones had, albeit in very low positions.
He challenged me to provide the link which I did and then posted back that I was a liar and he was convinced that his education was the very best in SA.
He claims that when he is qualified he is going to America to pursue his career.
Perhaps yankeeboy can find a job in his company! Sounds like a catch to me.
The reality is of course that no western country could even begin to think of taking this character on for any professional engineering position.
Just why this young man could not work it out for himself proves what we have known for a long time: the education system does not teach anyone logic or 'argument' in the true sense of the word.
Its just like Fawlty. Towers in the Rg parliament... “dont mention the $ exchange rate... Err the inflation rate. I did and I think I got away with it”
Mar 22nd, 2013 - 08:22 pm - Link - Report abuse 0In comes Manuel (stevie/ Timerman?) . “Mr Fawlty, Mr Fawlty, the nasty Falklanders have a referendum!” “Shutup you Latin cretin” etc etc
Could Think be the Major? He seems confused.
Did Cretina thrash her limo with a tree branch after the referendum?
Good news for Uganda & Laos, they are ahead of Argentina in Internet reluability (which means business/education competitivity?).
Mar 22nd, 2013 - 09:04 pm - Link - Report abuse 0http://m.smartplanet.com/blog/global-observer/why-is-argentinas-internet-so-outrageously-slow/10520
Chile is fifty countries ahead of Argentina
I remember in the early 80s, when the ARGs decided to invade the Falklands. I changed money in Calle Florida, and every 100 meters the currency changed.
Mar 22nd, 2013 - 10:01 pm - Link - Report abuse 0In the windows all products had numbers which you had to compare with a constantly changing price-list.
My Guido's moccasins, in plum, were about 30-35 USD.
I can't wait until they are that price again.
Comment removed by the editor.
Mar 22nd, 2013 - 10:26 pm - Link - Report abuse 0#47 Conqueeeeeeer Captain Popeye
Mar 22nd, 2013 - 10:37 pm - Link - Report abuse 0how about your “country”?
hey....
here in the USA the economy is worst!
on cue sussie! Like a menstruation cycle, you can be counted on when you start flowing.
Mar 22nd, 2013 - 10:45 pm - Link - Report abuse 0Comment removed by the editor.
Mar 22nd, 2013 - 10:55 pm - Link - Report abuse 0@69 Deported!
Mar 22nd, 2013 - 11:23 pm - Link - Report abuse 0I see they let the loonies out again...
Mar 22nd, 2013 - 11:48 pm - Link - Report abuse 0Thanks CaptainSilver, now I have this song stuck in my head!
Mar 23rd, 2013 - 12:22 am - Link - Report abuse 0http://www.youtube.com/watch?v=He82NBjJqf8
(For those that don't like links, it is “Who let the dogs out!” which seems to fit a certain poster on here in more ways than one!)
@64
Mar 23rd, 2013 - 01:17 am - Link - Report abuse 0You are a sick person my child, full of hatred and venom. Hellfire awaits you if you don't repent.
Troll, keep posting, you are impotence personified but quite amusing in a slightly tragic way, *approve*
Mar 23rd, 2013 - 01:31 am - Link - Report abuse 0Comment removed by the editor.
Mar 23rd, 2013 - 01:38 am - Link - Report abuse 0Catholics don”t say repent. Born again christian tobi boi? momma toss you from her titti? You must be 14 if this game you play does not make you feel immature, because you are. Apparently when you cannot debate facts maturely, you resort to games. Anglotino really beat your ass arguing points senselessly.
Mar 23rd, 2013 - 03:25 am - Link - Report abuse 0@64 ChrisR
Mar 23rd, 2013 - 03:28 am - Link - Report abuse 0How lucky are you!
PMSL - hellfire awaits - you are going to be deported to Argentina me thinks.
@77 Srs, you really
Mar 23rd, 2013 - 03:32 am - Link - Report abuse 0need
to go back
to Argentina.
If John Troll III wants you, that is.
Yes think I almost agree with you
Mar 23rd, 2013 - 04:12 am - Link - Report abuse 0Printing dollars or Rg pesos is not a solution to inflation. Much breath has been expended on these threads about Argentinas defaalt to its bondholders. So happens when China wishes to cash in its trillions of dollars in Us goverment bonds
A straight anwer please Think
(81) redpoll
Mar 23rd, 2013 - 05:43 am - Link - Report abuse 0IF China asked to cash in its trillions of dollars in Us goverment bonds there would be a number of possible scenarios.....:
1) Kabooom.
2) KaboooooooM.
3) KAooooooooooOM.
Etc.....
The same scenarios would be true if the rest of the world just tried to cash on ~10% of the U$D bills around the world......
FIAT money is a “Weird Thing” my angry Yorugua friend.....
And very “Weird Rules” govern it.
That's why I have but a chuckle for most of the “Ecomomy Experts about Argentina” in these pages...
Is the answer straight enough?
@81 Redpoll
Mar 23rd, 2013 - 06:52 am - Link - Report abuse 0Think is correct. The Chinese economy would literally self destruct if it attempted to offload all US debt or cash it owned.
Only about 1/3 of US government debt obligations are foreign owned. And of that, China holds about 20%. So China holds about 8%. The same as Japan. Even Brazil holds about 2%.
It is not “trillions” as Think thunk! It is about $1.2 trillion.
Pretty much singular.
As for US currency, China's mercantilist economic policy relies on a low currency. Selling off their US dollars would lead to a massive increase in this and corresponding inflation together with a loss of export competitiveness (already lower due to a loss of labour arbitrage advantages) would quite literally cause the Chinese economy to come to a great screaming halt.
As China recently learnt, it prosperity comes mainly through exports to Europe and the US. Attempting to damage either of these areas would be akin to cutting your nose off to spite your face.
There's a reason people are desperate for US dollars in places like Argentina - because they don't trust their own currency. If 10% of the US bills around the world were cashed in as Think thinks, the rapid appreciation in the currencies people then held would make US exports and services so cheap that the whole cycle would start again and balance out.
Check out Colombia's massive US dollar purchasing programme to stop its currency appreciating and destroying sectors of its export economy.
I too chuckle about some people's economic knowledge on this page (and in the Argentine government).
(Reuters) - Argentina's February industrial production fell 4.4 percent versus the same month last year, far below the median forecast in a Reuters poll for 0.8 percent growth, government data showed on Friday.
Mar 23rd, 2013 - 09:01 am - Link - Report abuse 0Children, what do we call an economy with high inflation and no growth?
Stagflation
How do stupid people try to fix Stagflation
With Price Controls
Does it work
Never in the history of mankind
The end is nigh
82 Think
Mar 23rd, 2013 - 12:39 pm - Link - Report abuse 0FIAT money?? FIAT money???
They're good cars they are, only the one we had tended not to start after really rainy whether............ So, they are doing “Cash back” when you buy one of their cars now are they?
Very good explanation Anglotino for the thinks exaggerated hypothetical scenario. For them it is wishful thinking. Think continues to display his limited knowledge and cursory understanding of most anything he types.
Mar 23rd, 2013 - 01:16 pm - Link - Report abuse 0Again you are correct there are varying levels of economic understanding here, then there are the peronists, kirchnerites and supporters. We see the effects of their understanding......month, after month after month.
Argentina is demanding that the black market peso trade at 6 to US 1????? Did I get that right??????????
Mar 23rd, 2013 - 02:55 pm - Link - Report abuse 0....where is Don Corleone when you need him?
How does government dictate rules to illegal activity? lol
Mar 23rd, 2013 - 03:29 pm - Link - Report abuse 079 Anglotino
Mar 23rd, 2013 - 04:46 pm - Link - Report abuse 0Oh yes, if I had any more luck from this character I would be dead.
Argentina would be far worse than hell (if such a thing existed).
o:)
Greay to have an intelligent discussion on this threaad without the usual shit slinging. I think the world currencies are based on feet of clay or just paper which it is. For years the US federal Reserve pegged the gold price at U$D 32 a troy ounce Whats gold trading for today? Around U$D 1700 an ounce. Farms here were selling for U$D 300 per hectare back in 2003 and now sell for U$D3,ooo Why? Land like gold is a finite resource and real infaltion should be measured against that, be it dollar or any other funny money
Mar 23rd, 2013 - 06:05 pm - Link - Report abuse 0Meanwhile,
Mar 23rd, 2013 - 07:40 pm - Link - Report abuse 01. U.S., U.K. Chiefs To Hold Historic Strategy Meeting
WASHINGTON — In what is believed to be the first time since the 1940s, the entire British defense staff will be here March 25 to discuss long-range strategy and the impact of budget cuts with their U.S. counterparts, according to U.S. and British sources.
http://www.defensenews.com/
Argentina on the lunch menue. perhaps
Tee hee.
justa thoughta
91 briton
Mar 23rd, 2013 - 09:30 pm - Link - Report abuse 0You are a very naughty boy!
Again.
LOLs
Here is the latest from the Wizard of OZ......Moreno said that jeans costing $15 in the USA should not cost $50 in Argentino, they should be near $15. Under that premise, then everythin in Argentina should cost the same and wages should be the same.....lol.
Mar 24th, 2013 - 12:10 am - Link - Report abuse 0These idiots cannot get any dumber. In it's simplest form, supply and demand dictates prices/inflation. Open imports thereby increasing supply, but they refuse to see that. Their answer to tame inflation? Control corporate profits by restricting their prices. Of course it really doesn't matter because they have limited raw materials to make anything and what they can buy is super inflated prices that no one is controlling for them. Who the hell wants to do business in Argentina when your selling prices is controlled and your cost is at runaway inflated prices! Who thinks up this crap?
http://www.buenosairesherald.com/article/127101/moreno-outlines-new-plan-to-control-prices
Wow, Cap'n. They're going full retard.
Mar 24th, 2013 - 01:25 am - Link - Report abuse 0Thanks Captain Poppy. Just when you thought they were incapable if being even more stupid..... they come along with something that beggars belief.
Mar 24th, 2013 - 01:51 am - Link - Report abuse 0I'm waiting for some Argentines to support this or can even they see how dumb this concept is?
I have friends that work in downtown Buenos Aires, the city, two of three elevators are out of order because there are no parts in the country.....eight months now and it's a 38 story building......one elevator.
Mar 24th, 2013 - 02:05 am - Link - Report abuse 0Capn Popeye Sir
Mar 24th, 2013 - 02:46 am - Link - Report abuse 0“A jean should only cost U$D15 1n Argentina”
What is the idiot talking about? There must be a lot of one legged people hopping around in Argentina (stepped on one of thier own uncharted minefields maybe?) as I thought jeans were sold as a pair
Or is he referring to price regulation of substitutes for destitute prostitutes in down town Buenos Aires?
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Mar 24th, 2013 - 03:53 am - Link - Report abuse 0@98 Oh dear Sussie. You spouting off about pants. With your avowed profession I didnt know you wore such garments
Mar 24th, 2013 - 04:01 am - Link - Report abuse 0It is funny, didn't I say Hyperinflation was on its many many months ago?
Mar 24th, 2013 - 01:09 pm - Link - Report abuse 0Alas the Rgs are finally realizing all of my predictions are about to come to fruition:
The head of the Argentine Agrarian Federation (FAA) Eduardo Buzzi warned that Argentina is “again in the 80’s”, facing the “worst times” of the Austral or Primavera Plan during the administration of Radical Party president Raúl Alfonsín when the country plunged into hyper-inflation.
I find it amazing that they do not see this as a simple case of supply and demand and the her import restrictions are exacerbating the inflation problem. If she had a brain in her plastic covered head, she would open import to increase supply over demand.
Mar 24th, 2013 - 01:52 pm - Link - Report abuse 0It is almost difficult to believe that a country can deteriorate this fast by simple mis-management alone. Import restrictions, dollar clamp (obscure financing means) excessive taxes, price controls, profit controls, expropriations.
All of her policies not only discourage foreign business from investing in Argentina, but cause ones there already to flee, including businesses from SA. Argentina ranks 27 out of 29 in economic freedom in the SA/Caribbean belt countries.
http://www.heritage.org/index/country/argentina
While the major precept of peronism is to help the poor, admirable in of itself, she has done nothing to improve the poverty stats. While most would agree that the single most effective premise to poverty is opportunity....education, work and independence, she believes in indoctrination, handouts and government dependence. Even JC and her Pope knows that it is better to teach a man to fish than to give him a fish.
When will they learn?
Cap, The only people that have learned that Argentina will never be a prosperous country have given up and left.
Mar 24th, 2013 - 02:19 pm - Link - Report abuse 0They will get poorer and dumber with every generation unless and until they get a Very Strong and probably ruthless ruler to root out the corruption once and for all.
I think this sugar high of a recovery over the last year was the last nail in their coffin. You'll see every Int'l company leave shortly. What little mfg they have will be gone.
If CFK is around much longer she may also destroy Farming. They are a drought away from most farms going bankrupt.
If this winter is cold and they start running out of gas in May/June, with no U$ to pay for any extra shipements it could be the end of CFK.
One can only hope
That is the nail on the head....corruption. Every country has it and the potential, but there is is so pervasive.
Mar 24th, 2013 - 02:31 pm - Link - Report abuse 0Gas and heating will be a major problem this winter. Most do not have of use AC, but you cannot go without heat.
They're trying to out bid Japan for LNG!
Mar 24th, 2013 - 02:39 pm - Link - Report abuse 0The have only filled 75% of what they “estimate” they need. We all know how good they are at estimating.
I hope it starts getting cold, really really cold and for weeks or a month at a time.
They system will collapse with a 3+ week under 40F
The stupid lazy people need a slap upside the head so maybe when they are shivering in their houses they'll take to the streets and demand the Military take over “temporarily”.
Did you see La Casa Rosado went “lights out” last week as the block lost electricity. They said also that their generators had a problem. lol fuel or getting parts. lol
Mar 24th, 2013 - 03:05 pm - Link - Report abuse 0@105poppy
Mar 24th, 2013 - 06:28 pm - Link - Report abuse 0Ha ha, I bet the Teen Troll is proud.
Blackouts in zmendoza soon.
Once they are that weak, will Chile invade??
So the 'government' cannot even keep the machinery of government going because the alternator sets 'won't work'.
Mar 24th, 2013 - 06:40 pm - Link - Report abuse 0What an edifying spectacle well worthy of TMBOA: I bet she is so proud.
LMFAO
Someone asked what Argentina would look like after the next conflict,
Mar 24th, 2013 - 07:01 pm - Link - Report abuse 0So the royal navy using advances technology gives us a picture
Of the sub, HMS Tireless surfacing in what would be up town, Buenos aires.
https://twitter.com/GeorgeBlakeman/status/315747630539997184/photo/1
cool just cool.lol.
.
108 briton
Mar 24th, 2013 - 09:27 pm - Link - Report abuse 0After our subs had finished with BsAs it might be flat but it would most certainly NOT be cold!
LOLs
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Mar 24th, 2013 - 10:20 pm - Link - Report abuse 0@110
Mar 24th, 2013 - 10:30 pm - Link - Report abuse 0its the turnip sussie thinking out loud
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Mar 24th, 2013 - 10:52 pm - Link - Report abuse 0your trade minister used the word Jeans, actually jead.
Mar 25th, 2013 - 12:49 am - Link - Report abuse 0Deported
109 ChrisR
Mar 25th, 2013 - 01:20 am - Link - Report abuse 0thanks
i tried to find one somewhere hot an burning, but no luck..lol
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Mar 25th, 2013 - 03:07 am - Link - Report abuse 0World Health Organization........they are tracking you as you leave a field of injured every time you open your legs.
Mar 25th, 2013 - 10:01 am - Link - Report abuse 0Sussie go back on your meds......at least then you were one and pretended to be in the USA
Argentina threatened with ‘flexible ropes to ensure supply of consumer meat,
Mar 25th, 2013 - 07:48 pm - Link - Report abuse 0Good-hanging is good chicken,
CFK==KFC finger licking good.lolol.
he said it ??
Is threatening the use of imports another way to say......“keep it up and I will start supplying the things you are without, then see how you will like it?”
Mar 25th, 2013 - 08:31 pm - Link - Report abuse 0What ever happen to Guzz and Yuleno? Did some trolls lay those identities to rest? lol
118 Captain Poppy
Mar 25th, 2013 - 09:22 pm - Link - Report abuse 0Simon68 and me think our own dear 'Citizen of the planet' aka Stevie is non other than Guzz.
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Mar 25th, 2013 - 11:47 pm - Link - Report abuse 0It makes sense....seems they speak the same now that you mention it. And I suspect he (stevie) is from on of the Guays. I don't think some of these nonsensical morons realize human have speaking identities.......like the irrational sussie. Everyone knows her/him/it under any name. They change names so much they seem to think rational people do as well.
Mar 25th, 2013 - 11:58 pm - Link - Report abuse 0lol
I like how she's making up words.
Mar 26th, 2013 - 12:56 am - Link - Report abuse 0Comment removed by the editor.
Mar 26th, 2013 - 02:19 am - Link - Report abuse 0Comment removed by the editor.
Mar 26th, 2013 - 02:53 am - Link - Report abuse 0That is because sussie is made up herself......whatever it is. It also thinks everyone is a Brit..........it certainly is fearful of Brits.....lol
Mar 26th, 2013 - 10:00 am - Link - Report abuse 0During the Holy Week holiday, thousands of Uruguayans have crossed over to Argentina to buy up their remaining consumer products at rock-bottom prices. Reminds me of 1975.
Mar 27th, 2013 - 12:42 pm - Link - Report abuse 0And I can hear asslips kirchner now....RETAIL SALES ARE THROUGH THE ROOF!!!
Mar 27th, 2013 - 03:14 pm - Link - Report abuse 0CHALLENGES AND POPULAR CONTRADICTIONS.
Mar 27th, 2013 - 07:08 pm - Link - Report abuse 0Many people in this country manifest to be concerned about inflation, they say that the prices of the products increase so much, and adquisitive power is everyday shorter because of inflation.
However, when i make a deeper analysis, i realize that i don't know absolutly anybody who doesn't have any credict to pay.
In fact, the banks were the most benefited thanks to the kichner's policies, due to most them just used to give credicts of adquiring goods, that's why millions of people took them, and the banks had very high profitabilities.
If those people were really concerned about inflation, they would never take any credict, because if they had incertitude because of the inflation level, they wouln't be sure wether they will be able to pay it or not. Beside, all the rases in our salaries are always higuer than the inflation level, except for the 34% of our workers who are still undocumented.
For all these reasons i think that the so called concerned about inflation, is just one more contradiction of our society.
I have never denied that inflation is a problem, but there are much more important problems to solve in reference to economic issues, like the level of creation of new jobs.
In such a deep crisis, which was provoked by the most powerful nations, the biggest challenges of c. f. k's govt. is to keep the level of creation of jobs, and to diminish the 34% of undocumented workers that we still have, which is a very serious problem.
The so called inflation, in the actual context is related to the big economic conentration that we have in the most important setors of the economy. Beside it will take many years to solve it.
The banks didn't use to give credicts for making inverstments, which is the most important, but since the reform of the charter of the central bank, they all started to give credicts for making inverstments, and especially for the small enterprices. In the future it will help a lot to diminish inflation.
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Mar 30th, 2013 - 03:04 am - Link - Report abuse 0@128 Axel Arg
Mar 30th, 2013 - 07:07 am - Link - Report abuse 0The fact you cannot even understand the basics orfinflation is why the rest of your posts also fall flat on here.
You have proven you are incapable of learning.
Anglotino, I give you credit. I am far from being a Hemenway, but #128 was a tough read. Considering that from the mid 70's to early 90s, inflation never dipped below 100%, so in their humble minds, life is good at the 10.8/30% rate. What is more so amazing is the the people do not see the harm in inflation and that it can be better controlled there in Argentina.
Mar 30th, 2013 - 02:06 pm - Link - Report abuse 0For a country that needs to base it's financing on trade surpluses, they act like morons by keeping the peso artificially high, restrict imports in order to export, have disputes with farmers....their major export as an newly formed agrarian nation. Not to mention how fast they push away DFI. Agentina is like someone with a sucking chest wound, only they can't hear the air wheezing.
ANGLOTINO. CAPTAIN POPPY.
Mar 30th, 2013 - 08:09 pm - Link - Report abuse 0For you all it's very easy to tell us what we should do in order to diminish the inflation level, especially when i see that you have such a partial knowledge about argentina's situation, and it's structural problems.
Anyway, i have never been interested in persuading absolutly anybody in this forum, because it's obvious that most you are pro financial sistem, and i don't agree on it. But what i have always wanted to do, is to tell what is omitted in many reporters that refer to argentina's situation.
On the other hand, wether you take or not what i say, is absolutly irrelevant for me. However, what has always been important, is to tell about many other aspects of our situation, due to most articles are too partial.
@132 Axel Arg
Mar 30th, 2013 - 10:28 pm - Link - Report abuse 0You don't do any of what you write. You copy and paste the same drivel time after time hoping for some traction.
Your government's economic policies are once again destroying your country. Structural problems??????? What structural problems does Argentina have so that it must endure 25% inflation AND lie about it?
Every economic problem facing Argentina is MADE by Argentina.
Name one, just one metric on which Argentina is better than Australia. And then ponder for a while how two countries that were once equals in most measures have now diverged so far that they are not even in the same league.
You perpetuate your own victimhood and it is pathetic. Australians adapt and change and work on their issues. Argentineans regress and whine and compound their issues with ignorance.
@133
Mar 31st, 2013 - 12:20 am - Link - Report abuse 0BRAVO!
axel arg:
Mar 31st, 2013 - 02:49 pm - Link - Report abuse 0First off, I do not profess to be an economist, even the Ph.d's of economics can't predict future outcomes. However, the principles of macro and micro economics are relatively well defined. The root causes of inflation are relatively simple from a macro perspective and Kirchner hits on all of them in her policies that creates the so called structural economic problems you speak of.
You delude yourself in thinking the ones here that critique Argentina, more so actually Kirchnerites and Peronists, are partially versed in what goes on in Argentina and what her problems are. The problems of Argentina are not so much the problems of a developing democracy; Argentina had almost 200 years to develop the concept of democracy but failed on every pillar. Everyone on the outside looking in knows Peronism is a populist, semi fascist movement and at times authoritarian, to which the people blindly follow like the rats of the Pied Piper of Hamelin. Trying to take control of the judiciary is a classic example of control. But I digress and that's a whole other thread.
Until the People (not all but a vast amount) learn to question their government and stop seeking handouts, perhaps you will have elected officials that will tackle the true source of all of Argentina's ill's that is so pervasive throughout the region......CORRUPTION. I don't look down my nose and think it does not exist in my country, but at such a fraction of the level in the entire region.
The economics of buying and seliing, trade that is to say, have built in natural unseen forces that even market based economies cannot control, yet you socialist based countries think you have the answer that China and the USSR failed at.
The concept of caring for the poor is admirable, but unattainable via government handouts. Kirchner fools the populace with token handouts in lieu of true opportunities to work and gain independence, all the while stealing for personal gain. Rid the region of populism.
@135 Pops, Some interesting comments on economists
Mar 31st, 2013 - 05:06 pm - Link - Report abuse 01.“If all the economists were laid end to end, they would never reach a conclusion”
George Bernard Shaw
2.“”The only function of economic forecasting is to make astrology look respectable“
J.K. Galbraith
3. ”An economist is an expert who will know tomorrow why the things he predicted yesterday didnt happen today”
Laurence J Peters
136 redpoll
Mar 31st, 2013 - 07:08 pm - Link - Report abuse 0Yes, the one I like is: put 6 economists in a room with just one problem and you will have at least 12 'options' but NO conclusions!
There are some professions that are just loved: lawyers, politicians, meteorologists and apparently economists. It is funny that they earn an very shiny penny for always being incorrect and they there are in high demand......of course, it is better to be a micro economist that a macro economist.
Mar 31st, 2013 - 10:25 pm - Link - Report abuse 0Commenting for this story is now closed.
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