MercoPress. South Atlantic News Agency
Argentine official October inflation 0.6%; the congressional index, 1.6%
Argentina's official inflation was reported at 0.6% in October, breaking with 18 straight months of consumer prices reported at either 0.7 or 0.8%, the government reported on Friday. Read full article
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Disclaimer & comment rulesOpposition lawmakers who post inflation figures that depart from the Official Government Inflation Figures are liable to fines, imprisonment and being debarred from positions within future governments.
Nov 12th, 2011 - 06:12 pm - Link - Report abuse 0It is not just the private economic consultants that risk criminal proceedings, massive fines, and incarceration, it is Argentina's public and state servants themselves.
What caused this insanity?
The answer is simple: the need of the present Govt to avoid the truth getting to the people. Why, if the inflation rate is 10% did they settle with the unions in excess of 20%? My Argentinian friends tell me, that for them, it is more like 28%.
Nov 12th, 2011 - 07:22 pm - Link - Report abuse 0Must be the son of Goebbels in cahrge of the Argentinian propaganda machine.
the lack of a flat fee on all foreign exchange is to blame for this problem, I think a 50% fee on the exchange of U$ dollars will go a long way to fix the economy or they can change the paper money for gold coins and let the price of gold set the balue of Argentine money, it would work great as soon as we nationalize gold production in Argentina, then we can say good bye to IMF and WTO and lend them money at an astronomical interest rate, I am sure el banco de la nacion can profit a lot from this two good ideas.
Nov 14th, 2011 - 06:58 pm - Link - Report abuse 0CFK continues to steer Argentina over a cliff. The many Peronist lemmings are going with her. Rest assured her money is safe offshore in dollar and swiss franc accounts. Enjoy the ride to poverty (once again) you voted for it.
Nov 14th, 2011 - 08:19 pm - Link - Report abuse 0PS If you dare question her estimate of inflation there will be “fines” for you as well as perhaps a visit from a piquetero
Pratt-Junta #3 So taking 50% of peoples money for Cristina is going to work is it? AND you want to nationalize the company (s) that produce the gold. How long do you think foreign companies are going to stand for that without leaving and taking any chance for further profits away from Argentina?
Nov 15th, 2011 - 10:27 am - Link - Report abuse 0Uruguay is already a lender to the IMF but of course it operates the economy along proper lines.
Don't worry about the Nacional Banc: they have enough stupid people to come up with ideas similar to yours.
It is no wonder Argentina is going into the void (again).
#3
Nov 15th, 2011 - 01:49 pm - Link - Report abuse 0There is a fairy story about 'killing the goose that lays the golden eggs'.
Try to imagine this goose in Argentina - let's call it 'FI' = foreign investment - and let's think of a good way of killing it . . . .
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