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Strong Argentine Reaction to Falklands’ Rockhopper Oil Discovery Announcement

Thursday, May 6th 2010 - 19:23 UTC
Full article 67 comments

The Argentine government rejected British oil company Rockhopper Exploration's earlier announcement regarding the finding of oil in Falklands/Malvinas Islands, warning that the government “will take the necessary actions to avoid Great Britain from taking illegal possession of Argentina's non-renewable resources.” Read full article

Comments

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  • jorge!

    Relax!!! So far it is hot air!!!

    If the oil is of good quality, then we should study how to provoke a little earthquake there and that's it!

    May 06th, 2010 - 07:37 pm - Link - Report abuse 0
  • Idlehands

    “Argentina will continue condemning this British illegal action before the international courts.”

    What court is he refering to - other than the court of Argentine public opinion?

    I don't recall Argentina taking this issue to any court. I wonder why?

    May 06th, 2010 - 08:23 pm - Link - Report abuse 0
  • jorge!

    You are right gdr.

    I hope they lose their shares in the oil industry like water between fingers.

    May 06th, 2010 - 08:32 pm - Link - Report abuse 0
  • JustinKuntz

    Again what court?

    Argentina avoids courts, the last thing they want is a definitive legal judgement.

    May 06th, 2010 - 08:43 pm - Link - Report abuse 0
  • Hoytred

    Argentina will not go to any court ... they do not have the 'cajones'.

    No, they'll just stamp their little feet and throw yet another tantrum.

    Whether or not this latest find bears fruit is difficult to predict, but it gives hope of a better future for the Falkland Islanders and that is to be applauded.... :-)

    May 07th, 2010 - 12:32 am - Link - Report abuse 0
  • jorge!

    cajones???? What does it mean??? LOL Go to brush up your spanish!

    May 07th, 2010 - 06:08 am - Link - Report abuse 0
  • Hoytred

    ” ... cojones = plural masculine noun1. balls (vulgar) (peninsular Spanish).... ”

    did I get it wrong jorgyboy? ... Sorry, but I get my spanish from .... Spain!

    May 07th, 2010 - 06:37 am - Link - Report abuse 0
  • LegionNi

    “In a statement released by the Foreign Ministry, the government warned “Argentina will continue condemning this British illegal action before the international courts.””

    Illegal? Court?
    Did I miss something?
    Did Argentina take the case to the ICJ overnight?

    It isn't illegal because no international court has judged it to be illegal and no court will ever judge it to be illegal as Argentina do not dare take the issue to the ICJ.

    May 07th, 2010 - 07:41 am - Link - Report abuse 0
  • Christopher UK

    What court? Just how desperate are the Argies? oh yes..silly question.

    May 07th, 2010 - 08:58 am - Link - Report abuse 0
  • Hoytred

    #11

    in slangy (sic) 'cajones' = courage !

    May 07th, 2010 - 11:56 am - Link - Report abuse 0
  • J.A. Roberts

    That'll be the court of Hugo Chávez then...

    May 07th, 2010 - 12:07 pm - Link - Report abuse 0
  • fredbdc

    gdr, 60 Billion barrels of oil with get the UK out of whatever financial mess you think they are in.
    It baffles me why you keep bringing up the UK debt, is it because you know they will pay and not default like morally bankrupt and corrupt Argentinians?

    May 07th, 2010 - 12:42 pm - Link - Report abuse 0
  • fredbdc

    What does that article have to do with anything? I know your English skills are marginal but did you even read the article?

    May 07th, 2010 - 02:15 pm - Link - Report abuse 0
  • axel arg

    FREDBDC, idiot and fascist as usuall.
    Only a mediocre like recur to the past all the time, to criticise another country, this si evident that you have no idea about the state of our economy, beside your country is not disnayland any more, accept that fact ignorant, then , before criticising another country, why dont you see what's going on inside of your borders, i know that many people are suffering in your country, but i would never take the facist posture that you have, because you like to put everyone in the same bag.
    Your resentment against argentina is more than evident, that's your problem, i dont even care, the point is, if you can't have objetivity, you can't talk about anything, i recognize the mistakes and the achievements of my country, and those of all the rest of the nations.
    Maybe you criticise us, because in your country there are no corruption cases, the american society is perfect, the u.s.a. never made mistakes or only made just a few, you forgat to say, republic of che idiots, like on of your imbecill compatriots.

    May 07th, 2010 - 06:21 pm - Link - Report abuse 0
  • fredbdc

    Axel, I am pretty up to date on the current state of your economy, are you? Since you have probably never lived anywhere else it would be hard for you to know what is good and right. You only know the ups and downs of having a corrupt government running roughshod over a small economy stealing millions/billions as they do it. I would be happy to debate you but you would have to put up some facts and not feelings into your arguments.

    May 07th, 2010 - 10:27 pm - Link - Report abuse 0
  • Nicholas

    Comment removed by the editor.

    May 08th, 2010 - 03:25 am - Link - Report abuse 0
  • Rhaurie-Craughwell

    If it was so illegal then where are the UN sanctions? seeing as they are territories under officially recognized as British territories (even Argentina recognizes them as British territories hence why they abide by the islands laws when they go there! and don't violate the territorial waters!), it is very hard for these oil companies to be committing an illegal act when it is legal under Islands and British law, which is internationally recognised as the De facto and De Jure law in these territories.
    .....Not Argentine fantasy law.....

    May 08th, 2010 - 09:47 am - Link - Report abuse 0
  • axel arg

    FREDBDC, i am totally sure that you know so much about the state of our economy, that's why you say crap all the time.
    Beside what kind of objetivity do you have?, you criticise me because you say that i dont have to put my feelings when i talk about our country, however your resentment and lack of objetivity are everyday more evident, with your commentary you show one more time that you are just a hipocrite.
    About the state of our economy, no one can deny that the argentine government made big mistakes, and it does not want to recognize them.
    Anyway in spite of the hight inflation level that we have since 7 years ago, since 2003 our poverty's line diminished from the 53% untill 26% (by private stadistics), and our unploitment level diminished from 22% untill 10% (by private stadistics too), as you can see i am not an idiot or an injudicious to believe in our indec.
    On the other hand, there is a lot to do for our people, we are still a very unequal society, but in spite of our shamefull politicians and of imbecills like you, whom like s to speculate against aregntina, my country will keep on improuving.
    Beside if i dont know what's good for a country like you say, i would like that you to teach the great aspects of the economic program of your ex president bush, the man who toke you country to the biggest crisis after the great depression, is it really good for a nation?.
    Let me remind you that this economic crisis didn't start in africa or south america, in started in your country, and in the most developed nations, tha's why i am sure that you really what's good for a country, please, you are so funny.
    The fact that my country will become into zinbawe in the future, is just the wish of idiot like you, sorry fred to disapoint you.

    May 08th, 2010 - 02:55 pm - Link - Report abuse 0
  • Rhaurie-Craughwell

    yes ivo the drone, perhaps actually attempt to refute my opinion next time and I won't take you for a complete fool.

    But I would be intrigued to see who is driving my motor if I am drone, and what evidence you could provide to support such a notion other than your inability to answer questions you are not at a mature enough stage to adress (I would presume you are less than 15 years old?)

    May 08th, 2010 - 10:42 pm - Link - Report abuse 0
  • agent0060

    Am I right in thinking that Argentina has a crisis in its beef industry? That only short periods go by before another section of the working population takes industrial action? That the male half, Nestor, was well into kickbacks before exports would be allowed? That Cristina had to sack the head of the Central Bank before she could nick $6.6 billion to pay some foreign debts, and then had to borrow another $5 billion to service remaining debts? Of course, I believe Cristina's popularity is down to around 18%. Unbelievably, less than Gordon Brown's! And Cristina and Nestor have plans for their next 10-15 years in power! Of course, Nestor is Secretary General of UNASUR now. But that'll be difficult for him as, according to Eduardo Amadeo, it means a full-time job. But Nestor, having been elected to Argentine Lower House in 2009, has yet to attend a session. Probably working on the next transfer of power between his missis and himself. No time for the country he's been elected to serve. Sorry, that just slipped out. Forgot that South American politics is all about making a bundle.

    May 08th, 2010 - 11:15 pm - Link - Report abuse 0
  • Hoytred

    Dab - thanks, ... haven't done Spanish for a few years and in any case I'm getting old !

    May 09th, 2010 - 02:15 am - Link - Report abuse 0
  • Bubba

    This is crap.. The article is about Rockhopper (believing) it has made a significant discovery. They can publish that and the investors can buy in, but until I hear or see the permeability and porosity, gravity of the crude or matrix of gasses, thickness of the payzone etc, it is still just speculation..

    May 09th, 2010 - 11:16 am - Link - Report abuse 0
  • Beef

    Jihad Jorge want terrorists and natural disasters to strike the UK. Jihad Jorge wants me to lose money with my ivestments. Jihad Jorge knows an apparent “top secret” plan for Argentina to take control of the Falkland Islands (does it invovle Argentina laying seige to the Islands with their peas shooters and catapults?)

    Jihad Jorge has hope? The only hope he has is “no hope”.

    May 09th, 2010 - 03:00 pm - Link - Report abuse 0
  • Rhaurie-Craughwell

    Perhaps look at the more recent Falkalnds news article on Mercopress Bubba before you go around saying big words which you don't know about? But in answer to your question:

    - 150 metre gross interval of sand and shales.
    -53 metres of net pay in multiple zones.
    - Thickest sand is also confirmed at approximately 25m net pay.
    - Average porosity is 19%, with peaks of 28%.
    - Logs show excellent permeability. In the 25 metre pay zone, permeability ranges between 200 Milidarcy and 500 Milidarcy, with peaks at over 1 Darcy.
    -No oil/water contact has been encountered.

    does that answer your question, or is your rule of thumb still going to be that when it concerns the Falklands everything is a lie?

    May 09th, 2010 - 03:25 pm - Link - Report abuse 0
  • Beef

    Bubba. Don't jump to conclusions from reading articles in the press. Go to the LSE website and read the actual RNSs. In addition, I don't think IIs will buy in at the volumes we have seen on Thur & Fri (causing a 200% growth) on a belief.

    May 09th, 2010 - 03:43 pm - Link - Report abuse 0
  • fredbdc

    Axel: The last few years your economy has been funded with stolen money. Your government has stolen money from international investors through the default, domestic and int'l investors through under-reporting of inflation so they under-pay interest on the inflation linked bonds, peso/$ exchange w/correlito and gov't take over of private pension funds, there are more but I will run out of room. This is all stolen money and has inflated the economy so yes temporarily the numbers look good compared to 2001/2 but they are unsustainable and the country is running out of funding sources. Why do you think they are so desperate to get the new bond offer done? They have already confiscated all of the available liquidity within Argentina.
    Your economy has been on a steady decline for 70 years. You went from one of the richest to one of the poorest since WW2 and there is no will to make the changes necessary to reverse this direction.
    You seem like a nice guy but very misguided like most of your countrymen.

    May 09th, 2010 - 04:00 pm - Link - Report abuse 0
  • Mat75

    I think you're all being very unfair to the Argentines. They can't think straight about the whole oil question because poverty and starvation makes them light headed.

    Maybe we could use some of the oil money to offer them food aid?

    May 09th, 2010 - 05:10 pm - Link - Report abuse 0
  • thorson

    Comment removed by the editor.

    May 09th, 2010 - 06:32 pm - Link - Report abuse 0
  • thorson

    Comment removed by the editor.

    May 09th, 2010 - 09:04 pm - Link - Report abuse 0
  • Rhaurie-Craughwell

    Ivo I see your considerably thin on the ground with Brain-cells, could be that shallow gene pool of yours?

    If you perhaps rubbed your head with a nylon cloth you might be able to generate enough static to fire up some of those neurons of yours, and then you might be able to tell that those listed names are certainly not the creation of J.A Roberts......

    whoever he is, but you sound like quite a bitter individual, what happened did Roberts beat you to your wet dream at school? sounds like it?

    And whats yours real name Ivan not Ivo surely?

    May 09th, 2010 - 09:20 pm - Link - Report abuse 0
  • thorson

    IVO, you are truly stupid,...no. actuly that would be offensive to stupid people, there probably is not a word that can messure your stupidity, the only thing that can probably come anywear close to how much of an idiot you are, is probably saying that you IVO, have the mental age of an unbourn baby, and even then, it is still unfair as an unbourn baby still has a brain,

    May 09th, 2010 - 09:53 pm - Link - Report abuse 0
  • jorge!

    Comment removed by the editor.

    May 10th, 2010 - 02:49 am - Link - Report abuse 0
  • ivo

    Comment removed by the editor.

    May 10th, 2010 - 09:10 am - Link - Report abuse 0
  • Rhaurie-Craughwell

    Ivan perhaps look again and you will see 7 different names, with 7 very different opinions and 7 very different ways of debating this point.....

    May 10th, 2010 - 09:58 am - Link - Report abuse 0
  • Idlehands

    This thread is simply embarrassing.

    Take a look at what you’ve all written and then hang your heads in shame.
    Why would anyone sensible want to post on this site when it is full of a bunch of idiots?

    May 10th, 2010 - 11:19 am - Link - Report abuse 0
  • thorson

    jorge you just give me the name of somewear that you want to meet me at, and my people who are in argie land right now will find it, as they know your country better than you do, yeh? and dont fool yourself jorgie boy, you dont know how to punch, youv never punched anyone in your life, i can tell, and you know its true, you know it and you hate the fact that im right, jorgie boy one hedbutt and your teeth will be down your throat, you know that aswel, so you little cave man why dont you combe those curls out of your dirty hair, tell me a place, and then go and try and track your real father down, it will give you something constructive to do, seen as there are so many who took turns with your mum that its probably impossible to find the true man anyway, so go on now run along, oh, and by the way, WE HAVE OIL, hahahhaha, celebrate for us jorge! throw a big cave party in congratulations to our findings and our future prosberity, do it jorge! you stupid cunt hahahha

    May 10th, 2010 - 04:21 pm - Link - Report abuse 0
  • axel arg

    FREDBDC, i dont think that investors were so idiot to let their money to be stolen, about the nationalization of our pension sistem, it was absolutly necesary, such an important resorce can't be in private hands, that was made by an idiot corrupter like menem, now the pension sistem pays every kind of projects to promove the developing of argentina.
    The biggest trick was the corralito, it was made firstly by de la rua and cavallo, and after by duhalde, we didn't receive what we deposited, we received pesos, this trick made by duhalde increased our debt in 55 millions dollars, we are still paying for that.
    About the new exchange, it's necesary too, because our enterprises and the gov. why not, need to have access to international credits with lower rates, is it wrong?, of course it's not, what is wrong is to ask for credits all the time, and ignore the controll of our public counts, because this policy only makes that the country keeps on being a dependet nation from the imf.
    About the decline of my country, this si evident that you are an ignorant who knows nothing about our history, you are only a pathetic anti peronist who thinks that peron was destructive, i am not peronist, i just recognize the mistakes and the achievements that he made for argentina. Since 1946 untill 1976, my country was a very equal society, we have allways had very serious problems, but in spite of that, we had good posibilitys of social progress, the true decline of my country started during the dictatorship, and continued with menem.
    About the actual social scenario, private stadistics said that we have the lowest unequality level since 1986, but it's still hight.
    I recognize the mistakes that my gov. made, but you dont recognize the mistakes of your last gov. you think that only your truth is valid, it shows one more time that you are just a haughty.

    May 10th, 2010 - 06:51 pm - Link - Report abuse 0
  • Gianni

    nationalize the pension system was quite a mistake, the nationalization of Argentina airline also a mistake just look the numbers, last year Argentina airline lost 1.000.000.000 pesos.
    can I ask you something,why do you think a pension system can be in private hands?
    look what miss K did in the global crisis, she just took your money from SIPA and used it, until today the money is missing I wonder how much time will take before SIPA system collapse after that tragic event you will lose you money just like in the corralito it will be another mayor Fail for Argentina. I just hope, you can choose a decent president this time
    by the way you should also search for British pension system because in the near future it will have mayor problems if the don´t fix it

    sorry for my English but I´m taking English 1 in my university

    May 10th, 2010 - 07:19 pm - Link - Report abuse 0
  • axel arg

    GIANNI, i respect your opinion, but i dont agree in absolut, about our airline, it still has deficit, but it diminished so much since it was nationalized, beside the service improuved a lot, it recovered more destinys to fly that were lost, there are much less problems of flight's cancellations, and for 2011 the whole airplane'ss float will be renewed, it bought more than 2o new airplanes to brasil, on the other hand in the whole world the airlines have deficit, and most then recieve subsides from the states, this airline was the proud of the argentines, it was a great enterprise, but it was sold by two useless and corrupter like menem and cavallo in 1990.
    About the pension sistem, since it was nationalized, it finances all the projects that promove the national development, it's making a great job, it's like the national that we used to have in the seventys called banade, wich promoved the national development too, and it was closed by menem too.
    About the international crisis, it was not he biggest crisis that we had, for much less than this, a couple of presidents had to anticipate their out of the presidence, cristina handled very well the crisis, and this year my country is forecasted to grow 5 or 6%.
    Anyway i am not kirchnerist, i only recognize what is wrong and right.

    May 10th, 2010 - 08:53 pm - Link - Report abuse 0
  • Gianni

    mm yeah you are right axel arg we have 2 different points of view because in my opinion if a government own company have deficit, the government will use your money to cover the costs but if you said that the service improved a lot maybe it´s worth the deficit another thing this year Argentina will grow a 3 -4 % still good very good because a few year ago Argentina was having a huge recession -12 %.
    you have to admit if you used pension money sooner or later it will affect the citizens but if they return the money no harm will come in my country the private pension works really well ( I´m Chilean) but like you said 2 different opinions

    May 10th, 2010 - 10:34 pm - Link - Report abuse 0
  • JoJo

    To all contributors of Mercopress discussion forum.
    I follow the pages as well as the discussion topics, but I must admit, mostly those relevant to the Falklands. What puts me off greatly from responding myself is the foul and abusive language used by some. There are some great contributors and interesting topics to discuss, but others are less so, and if we are letting it digress into a mudslinging match we may loose this forum for all. I hope you all agree, and aim to discuss with a bit of dignity. Cheers

    May 11th, 2010 - 02:20 am - Link - Report abuse 0
  • Idlehands

    I fear you're wasting your breath JoJo.

    Only the moderators can sort out this madness.

    May 11th, 2010 - 08:11 am - Link - Report abuse 0
  • Rhaurie-Craughwell

    Ivo I would appreciate if you came up with something far more intellectual than this current bizarre logical fantasy you're undertaking.

    For the record I come from Scotland live in Inverness and work in South East edinburgh unless of course your mate JA roberts who stole your school sweet heart from you is a scotsman as well you're barking up the wrong tree, I can't speak Spanish I have been to Argentina once many long years ago, and I can't tell my Rio Cordoba from my Rio Plata other than the latter was a cracking British war film in the early 60's, for the record I have also reported most of your posts becuase like it or not I want a proper discussion on this subject without being bombarded by memories of your bitter school days of your arse being used as a crumpet rack.

    So are we going to discuss the Falklands islands and it's many issues or do you still want to pursue your internet warrior vendetta?

    slainte

    May 11th, 2010 - 10:47 am - Link - Report abuse 0
  • fredbdc

    Axel: If you believe Socialism/Peronism/Marxism works for Argentina , why has your country gone from 1st World to 4th since WW2? You have been brainwashed to think you can have faith that the government is doing the right things for its people. We are going through the same questions here in the USA, the current administration is pulling us towards Socialism/Marxism and the people are pushing it back to Capitalism. We are going to try to fix this by electing different people into our Congress/Senate next cycle. While Argentina keeps doing the same thing over and over and hoping for a better outcome. That is the definition of insanity.
    Argentina should use the example of Chile and Brazil and fix the mess now before you are like Zimbabwe.

    May 11th, 2010 - 12:19 pm - Link - Report abuse 0
  • avargas2001

    what do you guys mean what court ? The Argentine court sytem, lets see we don't need to go to war, all we need is to put all pyrats in the area in jail for stealing Argentine oil, and expropiate their oil platform or sink it right where it is, it will be matter of time before the international court system listens to pirat who are stealing form Argentina, I agree that the people in Malvinas are british kelpers send them home just like any other ilegal alien, and yes if they want to take the government to the motherland let them we got lots of politicians in Argentina, what we really need is our oil, we don't want your pesty british kelper, in any case its their choice if they want to get Argentine passports or go back home, life is tought we all have to do papers even the white man.

    May 11th, 2010 - 09:31 pm - Link - Report abuse 0
  • axel arg

    FREDBDC, one more time, your supine ignorance about my country is really evident, you are repeting what many idiots say all the time, but they actually know nothing.
    Firstly, the argentina of the centenary was just a corporative nation where a few powerfull familys handled the wheat's production, and people payd very expensive it's prize to consumme it, anyway the country was prosperous, millions of inmigrants including my family arrived to argentina during those decades, however the workers didn't have any benefice, they had right to nothing, the true social justice started with peron's government, you should talk to many of the old people form here, they all say they were very happy, specially those who were workers, anyway i recognize that he was demagogue and authoritarian, beside hes governmet was almost a dictatorship, because he closed the congress, and put in prison to those who were oponent, but in spite of the terrrible mistakes that he made, i can't deny that no one made as much as him for the poors, and for the workers, many people who were poor before hes presidence, could start to join the tradicional middle class, i heart that many times from diferent people, beside he industrialized the country, and believed also in the economic independence.
    If you like to make comparisons, i will tell you one, a few days ago, i could know about an exhaustive report that was made by diferent private stadistics, that are oponent to the government, they said that our country is the equalest from latinamerica, we have the lowest social unequality since 1986, but it's still hight.
    Anyway i dont think that you can understand this, because idiots like you, who dont have not even one line of objetivity, like to do pathetic comparisons, and underestimate the achievements that we had, just because you dont like our government, keep on thinking whatever you want, i dont need ignorants like you to know about the reality of my country.

    May 11th, 2010 - 10:30 pm - Link - Report abuse 0
  • thorson

    Comment removed by the editor.

    May 11th, 2010 - 11:19 pm - Link - Report abuse 0
  • avargas2001

    I don't have to do a thing, you are right torn ! BP will do it for us as they did in the gulf of Mexico a few days ago, o I am sorry, don't you have cable TV in your trailer ? I am sorry again, I forgot that in your perfect white world a south American can not have rights to their own resources. britain is a rock and when they run out of gold and oil they will need food and friends and trust me you can't eat a rock let alone one at drift in the middle of the ocean. I have no reason to cry but I am sure we will see a lot of tears when CNN shows the pirats in Argentine jails and their oil tankers being sold at the coast guard expropiation auction block. time is on Argentna's side, and I claim british ilegal occupation of Malvinas to be irrelevant, they can get Argentine passports or go back home to their motherland, britain can do with the colony whatever they want, UN can make sure british don't kill them like they did with the natives arround the world.

    May 12th, 2010 - 06:04 am - Link - Report abuse 0
  • LegionNi

    49 - 52 avagas2001
    “what do you guys mean what court ? The Argentine court sytem, lets see we don't need to go to war, all we need is to put all pyrats in the area in jail for stealing Argentine oil”

    “time is on Argentna's side, and I claim british ilegal occupation of Malvinas”

    The Argentine court is not an international court. Please state which international court has said that the British sovereignty of the falkland islands is illegal. You might struggle though as none have.

    British sovereignty and of the islands is entirely legal until such time as the International Court of Justice states otherwise. As Argentina have refused on more than one occasion to have the Falklands sovereignty issue submitted to the ICJ.

    I really don't understand why the Argentine foreign minister is now screaming about the Falklands islanders exploration in their own territorial waters as illegal when no court has stated it to be so. If he and Argentina truely believe it to be illegal then take the case to the ICJ.

    They will not though as they know their case is so weak and so full of holes they wouldn't stand a cat in hells chance of winning the case. No far better to keep shouting and screaming that it is illegal. They are acting like a petulant child, sceaming “It's mine! Its' mine! It's mine!”

    It's pathetic really.

    May 12th, 2010 - 07:56 am - Link - Report abuse 0
  • NicoDin

    @fredbdc

    You are in US? And you criticize Argentina economy? Wow!

    You are amazing mate, really you are...

    Subprime mortgage scam (made in USA)
    Credit crunch (made in USA)
    14 trillions external debt forecasted for 2010 (made in USA)
    World recession (made in USA)
    108 trillions of unfounded liabilities (made in USA)

    60 million people living under the line of poverty (made in USA)
    50 million people without any health coverage (made in USA)

    Misery spread all over making the shantytowns and tent cities the faster growing thing in US (made in USA)
    http://www.youtube.com/watch?v=CnnOOo6tRs8&feature=fvst
    http://www.youtube.com/watch?v=CnnOOo6tRs8&feature=fvst
    http://www.youtube.com/watch?v=CnnOOo6tRs8&feature=fvst

    Quite shocking and sad. Isn’t it?

    And you want to teach us how to manage our economy?

    Your macro-economics numbers are pretty messy and your debt and deficit is rising so fast. You will need 3 generation to put your numbers in order. Cut, cut, cut and more cut and do you know what? You don’t even started.
    http://www.youtube.com/watch?v=CnnOOo6tRs8&feature=fvst

    Fix it and then come back to talk about our economy mate, because yours is a real mess.

    Regards,

    May 12th, 2010 - 11:27 am - Link - Report abuse 0
  • Idlehands

    Nicodin is right Fredbc.

    If the USA carries on the way it is then you'll end up in a situation as bad as Argentina.

    However as you are clearly able to manage your debt you should be OK once the recession is over.

    May 12th, 2010 - 11:37 am - Link - Report abuse 0
  • fredbdc

    Nico: As I have said many times I don't look at short term statistics because I think long terms trends are a better indicator of future outcomes. Even so, any of our current economic and poverty statistics will be far superior to Argentina. Our unemployment and poverty statistics are our high and your low! We are freaking out over 10% undemployemtn while you consider it good!
    We have a long history of paying our debts and working through economic cycles, we will work through it this time too. Can you say the same?
    You like to bring up that we brought the world down with us, while we also bring the world up with us. Unfortunately we created the boom when Soy was so high it dragged Argentina out of the dumps. now we have to pay the price.
    The USA is the most richest most powerful country in the history of the world and that will not change in my life time.

    May 12th, 2010 - 01:06 pm - Link - Report abuse 0
  • fredbdc

    gdr: Atlantic or republics are not states, so I am not sure what you are asking but I am from DC. Why?

    May 12th, 2010 - 02:09 pm - Link - Report abuse 0
  • Idlehands

    “The USA is the most richest most powerful country in the history of the world ”

    That's not actually true. The British Empire in the 19th century dominated the world far more than the USA ever has.

    May 12th, 2010 - 02:19 pm - Link - Report abuse 0
  • fredbdc

    It is hard to compare colonies with influence as the goals on the USA and UK are quite different. Although you had world dominance 200 years ago our country's total wealth far exceeds whatever statistics you may be using. If I am wrong please share some stats.

    May 12th, 2010 - 03:01 pm - Link - Report abuse 0
  • Idlehands

    Just google “British Empire” and have a read. It's not worth arguing about.

    May 12th, 2010 - 03:12 pm - Link - Report abuse 0
  • fredbdc

    Idle: I will do it for you...

    http://www.visualizingeconomics.com/2007/12/23/united-states-vs-great-britain-income-and-population-growth-since-1500/

    May 12th, 2010 - 03:24 pm - Link - Report abuse 0
  • Idlehands

    That's actually meaningless in relation to the comment you made.

    May 12th, 2010 - 03:36 pm - Link - Report abuse 0
  • fredbdc

    Are talking “power” not “wealth”? It would be pretty hard to compare power, since 19th century technology can't compare to 21st century technology and in the case of the USA you would have to associate our sphere's of influence to your colonies.

    May 12th, 2010 - 03:41 pm - Link - Report abuse 0
  • NicoDin

    @fredbdc

    No way mate your don’t know even read your own statistics. Do you?

    1- The 10 percent number it’s not the real percentage of unemployment in US. Do you know why?

    Because this figure only counts people in the dole I mean taking checks from the govt. for 6 months or whatever is today. People that cannot find a job during this time will not receive any income support and are not longer counted in this statistic. Because your Bureau of Labor Statistics put long unemployment prospect as a marginal note or “marginally attached”.

    The real unemployment in US is 19.5% if you count people receiving benefit and those not receiving anything or long term unemployment being for more that 27 weeks out of job. Do you counts illegal alien residents? Of course not. Argentina does so if you take out illegal immigrants in Argentina unemployment would be 0%.

    Another tricky issue in your statistic. The people unemployed that for some reason were not able to look for a job in the last 4 weeks prior the survey are not counted as unemployed. Amazing really amazing... Funny statistic like Greece.

    Here the explanation of your own Bureau:

    “About 2.4 million persons were marginally attached to the labor force in April,
    compared with 2.1 million a year earlier. (The data are not seasonally adjusted.)
    These individuals were not in the labor force, wanted and were available for work,
    and had looked for a job sometime in the prior 12 months. They were not counted
    as unemployed because they had not searched for work in the 4 weeks preceding
    the survey. (See table A-16.)”

    continue...

    May 13th, 2010 - 10:48 am - Link - Report abuse 0
  • jorge!

    LOL

    May 13th, 2010 - 02:33 pm - Link - Report abuse 0
  • NicoDin

    @fredbdc II

    Another point when you made a comparation with Argentina, a US workers counted as employed in US in Argentina would be unemployed or working in the informal sector (changa/changarin). To be formal employed in Argentina you have to have a permanent full time job. And be introduced in the legal system with full benefit, health coverage, union enrolment, family salary, kid assistance, etc. Else you are counted as unemployment.

    And for your record Argentina counting all unemployed has 8.3% even counting those with illegal resident.

    1- About your “We have a long history of paying our debts and working through economic cycles, we will work through it this time too. Can you say the same?”

    I say ha, ha, ha, ha Did you go to school mate? or in USA the education is so poor that they don’t teach your own history any more? Eh! I just come to my mind 2 defaults from some several defaults I don’t remember now.

    First USA default:

    USA was one of the first nations in America (continent, I have to make this comment because in USA they don’t learn proper geography) to default its public debt 1833/40 when defaulted the public debt against the British and Dutch investors. Better known as the Odious debt repudiation.

    Take a look by for yourself http://mises.org/daily/1423 written by Murray N. Rothbard (1926–1995) professor of economics at the University of Nevada, Las Vegas, and vice-president for academic affairs at the Ludwig von Mises Institute. This article ran in the June 1992 issue of Chronicles (pp. 49–52).

    May 13th, 2010 - 03:20 pm - Link - Report abuse 0
  • zethe

    fredbdc, your comment about America being the most powerfull nation in history is flawed.

    The British empire at it's height covered a quarter of the world and it's navy was a thousand warship's strong. It's also notable that this empire is one of the only in history which was not lost due to military loss.

    America is strong yes. it's the worlds superpower. She has huge inflience. but she does NOT control a quarter of the world.

    May 13th, 2010 - 08:06 pm - Link - Report abuse 0
  • NicoDin

    @fredbdc III
    Second USA default:
    The United States quite clearly and overtly defaulted on its debt as an expediency in 1933, the first year of Franklin Roosevelt's presidency. This was an intentional repudiation of its obligations, supported by a resolution of Congress and later upheld by the Supreme Court....
    http://spectator.org/archives/2009/01/21/was-there-ever-a-default-on-us

    Do you want more defaults? Don’t be lazy and make your own research instead of eating so much junk food and see rubbish television so many hours.

    1- About your soy stuff, first and your ridiculous statement. Argentina exports are close to 80bn dollars and from that 20% is agricultural and commodities. The rest is industrial manufactures, cars, car parts, communication devices, software, services, etc, ect.
    And for your record the biggest client of soy is the Chinese for Argentina.

    By the way Agriculture stuff in Argentina is the 7.5% of our national GDP the rest is industrial and service sector driven economy. Change your channel mate is 100 years old news.

    “The USA is the most richest most powerful country in the history of the world and that will not change in my life time.”

    Ha, ha, ha very interesting Powerful?

    Hum... I don’t see your power in Afghanistan do you? Iraq? Vietnam?

    Your country always gets a bloody nose, have you note that?

    Rich? With someone else money because you owe almost your entire GDP. Pay it and then will see how rich your are. Buy a knife to start your cuts, cuts, cuts is what people holding dollars and American bonds want to see instead to spend our money in stupid wars.

    May 14th, 2010 - 05:37 am - Link - Report abuse 0
  • zethe

    I'd also like to point out a fact which i forgot, at one point the british empire consisted of almost 500 million people, which was approximately half of the worlds population at the time.

    There has been no other nation which has had such an impact as the British on the world.

    May 14th, 2010 - 11:15 pm - Link - Report abuse 0
  • NicoDin

    @zethe,

    “There has been no other nation which has had such an impact as the British on the world.”

    You are completely wrong the Romans where the most impacting empire in the world.

    They create the western civilization or you believe that started with Bush?

    They brought all the modern concepts of nation in western societies from England to Germany.

    http://nah.wikipedia.org/wiki/%C4%AAxiptli:Roman_Empire_Map.png

    The Second was Spain with the discovery of America “the new world” they were the first global empire and they created the first concept of globalization and global commerce.

    In the golden age of the Spanish’s Empire they have the biggest empire ever seen in the world.

    Stretching from Italy and the Netherlands to the Philippines. And from Canada to Malvinas in America (continent).

    According with Henry Kamen, from the Royal Historical Society in London and an emeritus professor of the Higher Council for Scientific Research in Barcelona. He is the author of Empire: How Spain Became a Great Power, 1492-1763,

    Book available here for $19.99 http://nah.wikipedia.org/wiki/%C4%AAxiptli:Roman_Empire_Map.png

    Domination’s in Europe http://nah.wikipedia.org/wiki/%C4%AAxiptli:Roman_Empire_Map.png

    http://nah.wikipedia.org/wiki/%C4%AAxiptli:Roman_Empire_Map.png
    http://nah.wikipedia.org/wiki/%C4%AAxiptli:Roman_Empire_Map.png

    May 15th, 2010 - 07:07 am - Link - Report abuse 0
  • fredbdc

    Nico: You are too dumb to argue with, do you even read the sites you put up? One has to do with Cuban debt not the USAs and the other is the debt from when the US moved off the gold standard. We paid it with u$ not gold.
    BTW if Argentina is in such great shape economically why are your bonds priced 7+pts higher than the US? And why are there est 250,000 illegal Argentinians living in the US?
    Give up loser.

    May 15th, 2010 - 07:50 pm - Link - Report abuse 0

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