MercoPress. South Atlantic News Agency
Rootyling for cash, the central bank has become Argentina’s Piggy bank
The Economist argues that with the latest legislation, the Argentine central bank has lost its legal independence and become the piggy bank of President Cristina Fernandez government. Read full article
Comments
Disclaimer & comment rulesObviously furked politically-isolated hell-hole is obviously furked.
Apr 01st, 2012 - 09:06 am - Link - Report abuse 0The Economist is a liar, at least that's what the Brits told me last week.
Apr 01st, 2012 - 01:04 pm - Link - Report abuse 0'the Brits' music awards told you this? Gosh, you're hearing things from the TV again?
Apr 01st, 2012 - 01:54 pm - Link - Report abuse 0The Economist is a great read. it tells me lots of things like not to invest in Argentina and not to talk to Argentinians. I had to learn the hard way not to go near Argentinians with their poo-trousers, but I wish a magazine existed to tell me not to. Trial and error eh.
Well, The economist said that Britain is an ignorant monolingual country who doesn't even take advantage of that, I poste the link and the Brits said it was a canard.
Apr 01st, 2012 - 01:58 pm - Link - Report abuse 0Then I posted the “lost decade” and same thing, that they are liars and that Argentina is worse, of course deflecting the attention with ad hominems.
(sorry I used a few fancy words, I can't talk simple speak forever, too limiting)
That's because you're just programmed to do Le Camping processes, for example you're only allowed to try to distract people by posting 'random things about the UK' on your comments, in a futile attempt to distract people from the topic of the news article.
Apr 01st, 2012 - 02:03 pm - Link - Report abuse 0For example in this article it basically shows a photo of some government stooge who is only in her job because she's turned the central bank into a pocket money well for a president who is desperate to line her pockets and those of her children with hotels and property deals.
In response, you'll post something completely unrelated about cash for question or cash for access in the UK. To which, everyone will see that you're Le Camping programming and then lay into you and basically make you look a tit because it's 'a lot of fun' to make Le Camping people look stupid.
Online it's harder to make you Le Camping programmed people look stupid, but in real life you can just point out your wee stained trousers, hairy back and mullet.
And, you “used a few fancy words”, not all of which are English words. Pathetic! (an English word, by the way)
Apr 01st, 2012 - 02:09 pm - Link - Report abuse 0What's wrong with mullets? At least there is no cure for baldness yet.
Apr 01st, 2012 - 02:09 pm - Link - Report abuse 0There's been a cure for missing and bad teeth for ages. What's Britain's excuse there? Maybe now you will admit you are poor (bad teeth is prime indicator of prosperity, and lack thereof)
@7 You don't deny that you are Le Camping programmed. Have you freaks named anything else 'Malvinas Argentinas' yet or just your football stadium? The local bus station? Post office?
Apr 01st, 2012 - 02:23 pm - Link - Report abuse 0My teeth are fine, thanks for asking.
“My teeth are fine”
Apr 01st, 2012 - 02:29 pm - Link - Report abuse 0Should not have said that, dear. Now you will have 300 million Americans, 20 million Aussies, 30 million Canadians, 80 million Germans, 60 Million French and 60 million Italians, and yes, even the Irish after your head.
You should have know that in all those countries there is a “find an adult Brit with his full set of own teeth”. 2 billion dollar reward, been around since 1776 or so.
I think you may meet Maximo soon.
Ducks aside!
Apr 01st, 2012 - 02:33 pm - Link - Report abuse 0I take it there is no dispute about the fact CFK & Co now have access to the Argentine central bank’s reserves.
Exclusive Paris boutiques will probably soon be, leading Europe out of economic decline, on the spend.
“I think you may meet Maximo soon. ” LOL!
Apr 01st, 2012 - 02:34 pm - Link - Report abuse 0@10 Sure. That central bank money is going to be splashed up the wall at every exclusive boutique in BA.
Apr 01st, 2012 - 02:35 pm - Link - Report abuse 0@9 What? Just change your trousers will you, you're begging to stench of urea.
I just came out of the bathroom, toilet paper getting 90% of it. Bidet taking care of the 10%. Good as new as a baby just coming home from the hospital after the departure shower and baby oil.
Apr 01st, 2012 - 02:37 pm - Link - Report abuse 0Its that 10% that has caused so much pain and suffering in bidet-less Europe.
In UK we don't have huge amounts of back hair meeting the matted anus hair like your male and female Argentinians, so we don't need to bidet to get ourselves clean. We don't typically administer baby oil to our anuses after wiping either, as apparently you do.
Apr 01st, 2012 - 02:41 pm - Link - Report abuse 0Thanks for asking though.
The failings of monolingual Britain, they can't even tell what a metaphor is (departure shower and baby oil being a metaphor for “clean, soft skin”)
Apr 01st, 2012 - 02:47 pm - Link - Report abuse 0Anyway, back to simple English: back hair and anus hair doesn't kill you. Not having teeth does. Specially when you can't afford to get them properly fixed. A problem which the whole world knows the Brits for whatever reason can't erradicate from their populace... my British waitress at the Pizza place at the corner not far from Hyde Park (it was a boulevard street with shady trees in the area, don't know the name), had her top canine and the bottom front tooth missing, she said it let her grab the pizza cheese better though.
Again, this year they are short another U$25 only entity left with that much loot is BCRA. I wonder if CFK realized that if the reserves get below about U$30B they won't be able to control the free fall of the peso and the rapid increase in inflation. Probably not.
Apr 01st, 2012 - 03:06 pm - Link - Report abuse 0This comedy of fools is going to be something taught in history and economics classes on how to ruin a country for generations.
@16 Be aware they'll blame it on other people, not themselves.
Apr 01st, 2012 - 03:13 pm - Link - Report abuse 0Le Camping Rule 10.2.33 “Blame other people for Argentina's failings.”
@15 You have a problem being monolingual, paisano? When you are monolingual in the only language of any worth on the planet, why would you need more. Anyone who can't speak it or for whom it is not their first language is clearly sub-human. Go all around the world and what language do you need for proper communication? It ain't French. It ain't German. It ain't Italian. It ain't gibberish (Spanish).
Apr 01st, 2012 - 03:18 pm - Link - Report abuse 0And of course South Americans have a full set of fine teeth! They've never been in a proper fight. They run too fast! But you have to admit South Americans are good at close-order drill. That's because each “guy” has the next one's tackle up his butt! What can you expect when they won't let the “girls” anywhere need sheep, goats or cattle? Doesn't 'getting the horn' mean something completely different in South America?
We are going to be soooooooo scr*ewed by this gang of thieves.
Apr 01st, 2012 - 04:31 pm - Link - Report abuse 0Any chance for the FI to annex Argentina ; )
I promise not to shoot you guys as long as you promise that NONE of these SOB will remain in a public office.
I don´t get why a country like Arentina, with so much potential and educated people, ends up in the hands of liars and thieves like these : (
@18
Apr 01st, 2012 - 06:02 pm - Link - Report abuse 0Actually English is so simplistic some say it may have been the descendant of Neantherlalish. Which would explain why English native speakers cannot learn Spanish/Portuguese subjunctive realism/irrealism, German cases and declension, French verb conjugations.
We all know the simpler a language is in verbs (go/goesk, run/runs), has no inflection, etc... the more primitive it is. All 19th century European linguists confirmed that with their treatises on Chinese.
But at least Chinese has tones, so you must use both sides of your brain (linguistic and sound side). With English you only use one side (like the other languages in Europe), but you don't use the frontal cortex like in German, French, Spanish, etc.
It's a kiddy language for people that can't do math or know geography (which Anglos are known for). The missing teeth may have something to do with the simplicty of English too.
@20 You're talking nonsense again. The reason English is so powerful is because it's so accessible and no one owns it. You cannot compare Chinese and English as one requires the user to learn a huge vocabulary, the other does not. Spanish helps you to talk to poor people, english does not. Huge amounts of verb conjugation and noun declension do not make a language any more accessible. Neither do having different levels of politeness or seniority in your speech, like in Japanese or Korean. It's all about accessibility and language ownership.
Apr 01st, 2012 - 07:19 pm - Link - Report abuse 0You pretend to be a linguist but your knowledge is less than undergraduate.
Well done GreekY.
Apr 01st, 2012 - 09:04 pm - Link - Report abuse 0Complete nonsense there Tobias.
I presume its yet more jealously at the relevance of English, its the business language of the world for instance.
These posts really weaken your position Tobias and make you look somewhat ridiculous.
@21 when I said “requires the user to learn a huge vocabulary”, I mean a large alphabet. Chinese characters are broken up into specific radicals that must be learned, unlike Korean or thai for example.
Apr 01st, 2012 - 09:06 pm - Link - Report abuse 0Tobias is just jealous because poverty stricken people learn Spanish and non-povs speak English.
Fuck you Argentina, you set of corrupt fuckers.
Apr 01st, 2012 - 10:05 pm - Link - Report abuse 0You are a fucking disgrace.
@24
Apr 01st, 2012 - 10:26 pm - Link - Report abuse 0Are you Mexican and pissed we are now picking on Mexico too for agreements broken?
@ 24:
Apr 01st, 2012 - 10:42 pm - Link - Report abuse 0no, Cestrian is just a poor little man with free time.
you absolute lying fuckers. Just who the hell do you think you are convincing with these utter lies. FU RG's.
Apr 01st, 2012 - 10:47 pm - Link - Report abuse 0And wait what we are reading for Sweden and Denmark with medical equipment. Breaking news.
Apr 01st, 2012 - 10:53 pm - Link - Report abuse 0Also an announcement on trade with Indonesia being blocked is rumored.
Money money money huh huh.
Apr 01st, 2012 - 11:20 pm - Link - Report abuse 0Bloody money, huh huh
CFK’S got the lot.
Greedy greedy , greedy
CFK aint needy,
But the poor will all starve,
Trust in the lord gentlemen, because she don’t give a dam .
.
The opinion by the economist was actualy expectable, it doesn't surprise nobody. Anyway, i'm going to argue about the usuall omissions that i find in this kind of corporative newspapers.
Apr 01st, 2012 - 11:50 pm - Link - Report abuse 0It criticises the soposed agressive behaviour by the government with ypf, but it doesn't say that in the last 10 years, the enterprize has diminished the oil and gas production, and sent millionary remitances to spain, anyway the corporation blames the governmet for the fixed prizes. On the other hand, ypf's privatization and the so called independence of the central bank, is one the most terrible remoras that we still have since 20 years ago, when it was stablished the neoliberalism.
It's very easy to criticise the protectionism of argenina, but what the article doesn't say is that all the countries are protectionist, in fact argentina is the second country after india, which increased the most it's imports in 2011, what kind of excesive protectionism is that?, beside, a development nation needs more protectionism, all the countries that are developed now, were very protectionist too when they were developing powerfull industries. Beside, regarding the reform of the charter of the central bank, what nobody says, is that after the crisis of 2008, many countries changed the charters of their central banks, because they are stupid, they know they need many, and must be more protected from the crisis. On the other hand, all those countries which criticise histerically the soposed excesive protectionism by arg., dont tell that arg. has been denounced 17 times before the w. o, and since the kirchnerism took office in 2003, it has only been denounced twice, however u. s. a and the e. u were denounced more than 100 times, and we still coudn't sell not even one lemond to u. s. a, because it uses the hipocrite argument of sanitary measures, but actualy it's a protectionist measure, so as usall, there are planty of omissions about all these questions.
that all the countries are protectionist,
Apr 02nd, 2012 - 12:11 am - Link - Report abuse 0you are of course correct, all countries are without exeption protectionist,
but,,,,
most do it out of nessetity
not
stupidity,
do they not,
its suposed to protect the home market, not destroy it.
in part.
just a thought .
@30 To be honest, protectionism destabilises the market. You take a massive risk when you do endorse this kind of behaviour.
Apr 02nd, 2012 - 05:50 am - Link - Report abuse 0Your argument is unsound. Most of the complaints gathered by the EU and USA are because they are actively involved in the process of trading in the WTO. The more involved you get, the more complaints you'll get, and as far as I can remember a considerable number are EU vs USA, USA vs EU.
You cannot trust INDEC statistics on imports, exports or anything. So stop pretending these figures make sense.
Nationalising any company will just make a bloated inefficient unproductive corporate entity with the same access to finance as the owning country. Argentina has no access to financing, so it's not going to get the u$25 billion that it needs to do create shale oil infrastructure.
Using your Central Bank as a personal account is just foolish. There is no way to defend that sort of behaviour, as it is an indicator of financial distress and a clear precursor to economic ruin.
@ Tobias
Apr 02nd, 2012 - 07:15 am - Link - Report abuse 0“You should have know that in all those countries there is a “find an adult Brit with his full set of own teeth”. 2 billion dollar reward, been around since 1776 or so”
Where do you collect the money!!! I have no fillings or false teeth!! As do my two children!!
Why do you make up such nonsense?
@33 I've got two fillings, and all my own teeth. It's about time for a 6 month check-up but I think the NHS dentist will give me the okay again.
Apr 02nd, 2012 - 08:37 am - Link - Report abuse 0Do I get some prize money too?
BRITON. GREEK YOGHURT.
Apr 02nd, 2012 - 04:14 pm - Link - Report abuse 0Why do you consider that arg. protects our market with stupidity?, do you forget that arg. is the second country that increased the most it's imports, according to a report by the i. m.f?, what kind of excesive protectionism is that?. On the other hand, the numbers that i used in my last comment, dont belong to the indec, they belong to the t. w. o. There is always so much fuss when our government tries to impose some restrictions to the imports, but the truth is that all those countries that criticise the soposed excesive protectionism of arg., are even more protectionist than our country.
Beside, the nationalization of ypf, is not just a nationalistic feeling, or something like that, it's an strategic decition, because private enterprizes wont never do enough inverstments, they only will continue sending huge remitances to the foreign and no more, in fact it already happened with others enterprizes which were privated during the 90's, so, you should be informed before giving any opinion.
On the other hand, many countries changed the charters of their central banks, they are not stupid, they just know very well that they are going to need more money, in order to create stronger domestic markets. Beside, it was already stablished what porcentage of the funds of the central bank will be transfered to the government, and it's not going to be under any circunstance. All the rest is just no more than the tipical pathetic speculation of orthodox econimists.
Good move by Argentina, with access to fresh national cash something like what happened in 2001 could never happen again. Imagine banks in Argentina closed the flow of cash supply in 2001 but when it happened in USA during the collapse of their banking system the cash credits to banks rocketed. No Country should depend on other nations money for cash since all nationals are payed for services rendered in local money's.
Apr 02nd, 2012 - 04:19 pm - Link - Report abuse 0the pesos well in demand then .
Apr 02nd, 2012 - 04:53 pm - Link - Report abuse 0Please join -
Apr 04th, 2012 - 03:17 pm - Link - Report abuse 0Keep the Falklands British -
https://www.facebook.com/pages/Keep-the-Falklands-British/123151384435619?sk=wall&filter=1
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