Argentina announced it has formally reported the United States and Japan before the World Trade Organization for the constant barriers set to Argentina’s meat and lemon exports to the afore mentioned countries. Read full article
OMG Lemons again..she's must have OCD. Do you think shipping us lemons will solve your export problems.
We don't want poisoned lemons get it through your think skull!
Guzz, A good portion of Arg economy depends on US investments. It is a small % for us BUT HUGE for you!
Argentina:
Nearly 500 U.S. companies are currently operating in Argentina, employing over 155,000 Argentine workers. U.S. investment in Argentina is concentrated in the manufacturing, information, and financial sectors.
It is easy for any USA company to pull out and say...go to Chile/Peru or Colombia don't you think? Pretty sure those gov't would welcome us with open arms and checkbooks.
The US and Japan will be glad to see Argentina using multilateral trade and economic organizations like the WTO. The US and Japan win and lose cases all the time in front of the WTO if they lose they comply. When a ruling from a multilateral organization (Paris club, IMF, courts )unfavorable to Argentina they just ignore it
Wrong. The EU, US, Japan own the WTO, bought at the highest bidder. They have never actually practice fair trade, ever. Why would you since you have them paid off.
@ 16 Guzz, Truth Telling Troll and British Kirchnerist and Tobias are the same poster hahaha You're so funny using your different usernames trying to look like they are different persons hahaha
Argentina used to have the best beef in the world, but since Nestor and Cristina Kirchner have been in power, the beef industry has been completely destroyed. Nobody should eat the poor quality and polluted beef, it's not fit for human consumption. Argentine beef loaded with hormones, drugs and chemicals that have been outlawed in the USA and Europe and they have been known to ship rotten beef for export after it's been washed with bleach and ammonia, injected with formaldehyde and red food coloring.
Lemons from Argentina are sprayed with toxic and dangerous chemicals that cause cancer and nerve damage and injected with artificial yellow coloring because the soil in Argentina is so depleted of minerals in that the lemons grow white on the trees and have no flavor.
Industrial products such as tools, automobiles, machinery and appliances from Argentina are the worst and poorest quality in the world. Even the chinese won't buy them. There is no industrial standard, they use the lowest quality raw materials and no testing is done before they are shipped. This has caused people to be injured by unsafe products, many people have been electrocuted by Argentine washing machines and hot water heaters that leave the factory with short circuits.
All countries should completely avoid ALL Argentine products permanently.
@18. you actually took the time to write all that nonsense? i suggest you turn to a friend or family member and ask them to read that back to you. if you still find that sensible the next stop should be to seek professional help.
You would think if the above was true there would be mass food poisoning, illness, cancer, and all kinds of bizarre accidents on the highways and fires in homes, industries,etc.
The anti-argies here have gotten to the point of mental illness and desperation you read stuff like above. Kretina is obviously a recently deranged individual, he has completely lost rationality. Poor thing :
Garlic garlic lemons ma'am ( voice of a bolivian selling at the unsanitary street markets) ajo ajo lemone señora
Classic of Argentina s ferias
Hope this increases their surplus of lemons
20 - You would think if the above was true there would be mass food poisoning, illness, cancer, and all kinds of bizarre accidents on the highways and fires in homes, industries,etc. I do not believe that there has been any mass food poisoning, but there have been too many of the other ills mentioned, especially accidents on the highway and fires in homes & industry.
@20 I seem to recall at least one article on here that reported a woman complaining that crop sprays in South America were making children and others ill.
However, the solution is simple. The EU and US will no doubt be glad to provide details of cultivation methods, crop sprays, veterinary products, hormones etc that are not to be used as well as hygiene standards at all stages. Comply with it all. Agree that all foodstuffs for human consumption must be subject to checks by importing countries throughout the production process and at import. If everything is up to EU and US standards, problem solved!
It is plain to see from the articles on this board and the loony posters why US Prez, State, Congress and Senate have blacklisted the Arg embassy personnel they can't get meetings with anyone high up and I am sure it because the go on and on about the stupidest things.
Conq is right, there is a list of products and procedures that have to be audited and proved before we let in any food products. If Arg can't do it too bad for them.
We are not deliberately excluding Arg from importing they are just trying to send us poison products. We get lots of fruit from Chile, Ecuador and Brazil maybe CFK should go ask them how they do it.
24
We need to check your techonology stuff for EMC and EMI, as we need to make sure the materials used producing them aren't blood materials. Furthermore we need to make sure you haven't cheated with the CE markings.
A process that is costly and takes time, hence your products will be charged with 35% taxes, to cover the expenses.
25. If you can buy cheaper and better somewhere else go for it. It is up to the purchaser. The problem is though, RGs are not abiding by the treaties, agreements and established rules regs for imports. They will lose at WTO.
Most likely Arg will get booted out of most Int'l orgs when USA gets new Prez in 2013. I think CFK should call Mugabe, Kim Jung and the Castros and ask them that is going for their citizens. Funny I never see any tourists from there.
Didn't I just read you can't buy U$ ( or any foreign currency) to travel any longer. Hmm that's a pickle.
hahahaha
well yanqui
After the full taxing of 35%, I can assure you your price is not competible anymore :)
Did I read you can't buy houses in Argentina with USD?
Could be the Argentinian peso is worth little, but soon, in Argentina, your dollar is going to be worth less :) I can only hope Uruguay does the same, kicks out the green currency, that is...
How do you figure the U$ will be worth less compared to the peso? Isn't something that is less available but still has high demand worth more? At least in the real world it is.
I know you don't understand math or economics but maybe have someone read your posts before you look too stupid will ya?
BTW have they let in any Cancer, Diabetes or HIV medication yet, think they will tax that at 35% more too or is CFK just going to let the people die?
I also heard routine dental care is getting very difficult too since all the dental products are stopped too....gross.
28
Best treatment for cancer is in Cuba, ask Chavez :)
The only reason you guys need a huge amount of medecines, is because your way of living. We aren't filled with chemicals from a young age, so we don't really need all your treatments for bird flu, swine flue, fat reducers, happy pills...
I've never heard of any Argentinian that has died because of general lack of medicines.
I have read about 25 Americans dead because of the sun... bet you don't have a cure for that...
About the USD, the day China chooses to collect what you owe them, you'll see the USD position itself where it really belongs :)
A bankrupt debtor nation like Argentina, which doesn't play by the rules and never pays back its creditors, should have no right to make any complaints to international trade organisations. Likewise a colonising expansionist nation like Argentina, which is constantly making implied threats and demands, should have no voice, no business and no right to make any complaint or express any opinion at the United Nations.
Guzz, I think you are overly medicated right now your posts are unreadable.
25 people died from the sun out of 350MM...gasp! Maybe they should have turned on the a/c, gone to a mall or the movies. They were probably some eco-nuts or ows people that don't believe in a/c. I guess they learned their lesson.
Only people that have ZERO understanding of how economies work would think China would do anything to rock the boat with the USA. They are completely and utterly dependent upon us to buy their finished products to keep their own economy afloat. Also the bonds they own are denominated in U$ if push comes to shove we would just print more to pay them. It may trash our economy but theirs would go first.
yanqui
No printing in the world would save you from such scenario, as I wouldn't expect the Chinese to accept their dollars in exchange for more, although freshly printed, dollars :)
To have such good english you are really dumb. A Treasury bill is in effect a legal contract PAYABLE IN U$. It would be impossible for them to demand anything else and they certainly couldn't use their military to demand it now could they?
Even Arg doesn't have problems paying their Peso denominated bonds but the peso goes down every day so I guess they wouldn't. Thy're actually making money...kind of in a weird bizarro world way.
yanqui
To have such good english it is really sad you have to make use of personal attacks to proove your point, but fine with me...
Nothing about your debt is payable.
You have been living on the speculation with the pensions of your population, the loans from the World Bank and the patacones you sell to foreign nations.
Having in mind that your natuon still is a centre for the market, your debt might be misleading. Even so, more than half of it belongs to you, which would mean you owe some 8 Trillions dollar. Mainly to China and your own pensionists. Pay that if you can :)
Guzz, Think about this as your own family budget, If you borrow $100 from your savings account how does it get paid back? Out of current revenue. Same goes for the US gov't.
I expect this possible shortfall (projected to be in about 20yrs) will be fixed shortly by increasing the retirement age and having income thresholds. It is an easy fix accounting wise not so easy politically but for myself I have never expected to receive a pension from the state and most people my age and younger think the same.
It will get fixed I'm not worried about it at all.
How do you figure that? Our Social Security insurance is not a right. Nobody is robbing anyone we don't think in terms of rights to gov't payments like the Southern EU or other progressive countries.
They raise the retirement age by linking it to the mortality rate and income threshold the payments. As it should have been done when they started the programs in the 60s. That is not robbing anyone how could it be? That is lefty logic and full of holes. Try to explain it to me will ya?
yanqui
That would be delaying the payout, and would serve as another short term solution. If you aren't planning to make the people work till they are 100, that is...
With 30% inflation, any hard cash amount sitting in a bank account or pension fund is decreasing year on year as is any fixed amount being paid out each month. Given that this is government sponsored inflation, people are being sort of screwed by the present government...
39
The present, the past, and the upcoming one...
The system is out dated, as with most of the worlds current economic system, if requires an always increasing input to maximize the output. This would mean a birth rate of at least 2.1 to upkeep the ageing population. That is just not happening in USA and Europe. There's a roof on everything...
Everywhere pension are getting harder to fund, but add in inflation at that level then you find that the amount you are able to give people is significantly lower. Also, with rumours that there aren't that many US$ left in ANSES (as these have been replaced with peso bonds) to match the payment obligations to pensioners you'll have to print more, which creates more inflation.
I don't understand why this government likes inflation so much that it purposefully stimulates an increase in inflation...
The rest of the world doesn't want our poison, that's ok.
Argentina blocks poisoned European books, cancerous Chinese toys, and unsanitary EU beef products (mostly in gourmet processed EU origin foods), and we are protectionist.
I repeat, the anti-argies here have lost their minds, their hatred has consumed them entirely. Lovely.
But then unblocked them very soon after so either (i) they weren’t that poisonous or (ii) they were and the government is happy with people being poisoned? Which one?
The latter, they are populists and people were pissed. But sorry it was mainly American books, the issue was with books via Amazon, they are the ones with led ink that smudges in your fingertips. I had such a book, the ink literally smudged off when I opened a certain page.
Intersting, I buy all my books from amazon and have never had a problem at all. Shame though, sounds like the book you got was really very dangerous and a shame that this government doesn't care about the health of its people. Out of interest, how many book related deaths have there been?
There's been some reports of people showing abnormal low red-blood cell counts, people that had ordered US books for years. I think it was detected in Argentina because we have Tematika.com (Argentina's amazon), and La Casa del Libro (Spain), both are the largest booksellers in Spanish, whereas everyone in the USA would go through Amazon so detecting any health discrepancies would be harder. Trust me many people in the opposition are mad CFK is lettin this American poison enter the market.
You are a drone, all you spout is indoctrinated when people don't agree with you. You are the most indoctrinated people on Earth, because you don't even know it.
Latest news: the USA have overtaken the EU as Chinas' largest market.
Print the dollar, anyone.
One famous Fed Chairman (yankeeboy will know the name) went around Europe as it was then, spelling out the devaluation of the dollar and apologised by saying: it's our currency but YOUR problem, sorry!
What he meant of course is that by printing dollars the value of each countries dollar holdings were worth less, but the USA was largely unaffected.
France stood up to them though and insisted having all their US credits paid for in gold before Nixon fcuked the currency for good.
I remember the plane carrying the gold landing in France was televised by the BBC.
The Chin are presently manouevering the Yuan to take over as the reserve currency and it is bound to happen in the future given that the USA have made the same mistakes as GB did after the 1900's in fighting wars they either cannot win or afford, thus crippling the economy.
Chris, How does the US overtaking EU as China's largest client have anything to do with a devaluation of the U$? Care to explain? Your post makes absolutely no sense. I thin it has more to do with the economy barely growing in the USA and EU sinking like a rock.
The Yuan as a reserve currency..bahahahaha maybe when they stop manipulating it...which will be never.
I did not suggest an announced devaluation of the dollar, but how will the USA pay for the chineses crap without printing more dollars?
You can laugh about the Yuan, but who is manipulating their currency more than Bernanke?
If you read about the fall of the pound, the numbnuts in charge of GB at the time also laughed at the idea of the dollar becoming the reserve currency and we all know what happened next.
My grandfather used to tell me that a dollar was worth five shillings (25p or 1/4 of a GBP). When I first visited America it was $2.4/£. Now we struggle with 1.6/£. The incompetence of the respective UK governments knows no bounds.
I hope not, but with Bernanke in charge you might be looking at a similar scenario. Once the dollar is replaced by whatever I suspect the slide will be just as precipitous as the GBP.
yankeeboy, how come you have never been sighted making any self-critical comment about your country (no, Obama-bashing does not count, anyone can criticize home politics especially when you are in the ideological oppositon).
Everyone on the planet knows you are burying yourselfs with trillions in endless wars, in which an enemy spends 2 million on a succesful yet SINGULAR attack (in location), and you respond with 2 trillion in multi-year military forays.
It may look macho and all, but ultimately not very smart. The only people that don't see that are the Americans. Oh well.
Toby, You don't understand the Unites States at all. I have tried to explain many times we need a war every 15-20yrs to keep the troops viable and to buy and develop new equipment. We are almost out of Afghanistan now we know how to fight in deserts and cities (Iraq) and we had HUGE increases in technology from the wars. The new stuff we have coming is AMAZING! And the Congress never would have allocated the $ if there wasn't a reason.
Its all good no worries. We'll make the money again we just need a new Prez. to right he ship. Progressives can't run a lemonade stand much less a country look at the mess you are in and you won't be able to dig out of it for 20-25 yrs.
Why complaint WTO when Argentina can be better off blocking USA and japan from Argentina's market and fill the hole ourselves. Besides the US dollar is almost illegal tender in Argentina. For what it is worth
At the moment the USD is worth almost SEVEN (SEITE) Argentine arse wipers, laughingly called Pesos.
Spending Canadian money at the moment? Bet your family in Argentina think you are complete fcuk-up whining all the time about western nations while you happily take the money, which they cannot have access to due to The Mad Bitch Of Argentina and her 'model'.
And how are you going to fill the hole for all the motor part imports?
Ah! I see, the automakers are going to close the plants! So you don't need to fill it yourself. Have you seen all the lay-offs of your amigos at Fiat, Ford, VW, et al?
Do you know the meaning of hypocrite? Or just Pirats and illegal aliens.
Comments
Disclaimer & comment rulesGo go Cristina, give the big imperialist countries a taste of their own medicine =)
Jul 10th, 2012 - 09:20 pm - Link - Report abuse 0More important, let the world know what a bunch of hypocrites they are. 7 years!!!
Jul 10th, 2012 - 09:32 pm - Link - Report abuse 0Drag EU's arse as well for protectionism on foodstuff...
http://en.mercopress.com/2012/05/13/argentina-doesn-t-want-to-start-a-trade-war
Jul 10th, 2012 - 09:33 pm - Link - Report abuse 0this could get intresting!
tit for tat,
Jul 10th, 2012 - 09:40 pm - Link - Report abuse 0you stab my back, and i will stab your back .
OMG Lemons again..she's must have OCD. Do you think shipping us lemons will solve your export problems.
Jul 10th, 2012 - 09:48 pm - Link - Report abuse 0We don't want poisoned lemons get it through your think skull!
yanqui
Jul 10th, 2012 - 09:56 pm - Link - Report abuse 0Then get in your skull that Mercosur doesn't want anything from you lot, and stop crying about protectionism...
We should report argentina for not buying our oranges ?
Jul 10th, 2012 - 10:07 pm - Link - Report abuse 0Maybe YOU don't but the majority of Argentines want a lot of things from the US that they can no longer get in Argentina.
Jul 10th, 2012 - 10:07 pm - Link - Report abuse 08
Jul 10th, 2012 - 10:12 pm - Link - Report abuse 0Maybe a lot of Americans wants excellent Argentinian meat instead of the usual McBurp. And I'm still Uruguayan, my lady.
6
Jul 10th, 2012 - 10:15 pm - Link - Report abuse 0Mercosur is dead
killed by Argentina!!!
Guzz, A good portion of Arg economy depends on US investments. It is a small % for us BUT HUGE for you!
Jul 10th, 2012 - 10:18 pm - Link - Report abuse 0Argentina:
Nearly 500 U.S. companies are currently operating in Argentina, employing over 155,000 Argentine workers. U.S. investment in Argentina is concentrated in the manufacturing, information, and financial sectors.
It is easy for any USA company to pull out and say...go to Chile/Peru or Colombia don't you think? Pretty sure those gov't would welcome us with open arms and checkbooks.
11
Jul 10th, 2012 - 10:33 pm - Link - Report abuse 0No worries, lad. We'll kick them out slowly. One by one, thus giving us time to adapt before the next one goes...
Argentina has itself become a big fat lemon!
Jul 10th, 2012 - 10:35 pm - Link - Report abuse 0Love it, as usual Argentina the only country with any balls to call out these nations that are lying and cheating cons.
Jul 10th, 2012 - 10:46 pm - Link - Report abuse 0The US and Japan will be glad to see Argentina using multilateral trade and economic organizations like the WTO. The US and Japan win and lose cases all the time in front of the WTO if they lose they comply. When a ruling from a multilateral organization (Paris club, IMF, courts )unfavorable to Argentina they just ignore it
Jul 10th, 2012 - 11:04 pm - Link - Report abuse 0@15
Jul 10th, 2012 - 11:06 pm - Link - Report abuse 0Wrong. The EU, US, Japan own the WTO, bought at the highest bidder. They have never actually practice fair trade, ever. Why would you since you have them paid off.
@ 16 Guzz, Truth Telling Troll and British Kirchnerist and Tobias are the same poster hahaha You're so funny using your different usernames trying to look like they are different persons hahaha
Jul 11th, 2012 - 12:40 am - Link - Report abuse 0Argentina used to have the best beef in the world, but since Nestor and Cristina Kirchner have been in power, the beef industry has been completely destroyed. Nobody should eat the poor quality and polluted beef, it's not fit for human consumption. Argentine beef loaded with hormones, drugs and chemicals that have been outlawed in the USA and Europe and they have been known to ship rotten beef for export after it's been washed with bleach and ammonia, injected with formaldehyde and red food coloring.
Jul 11th, 2012 - 12:44 am - Link - Report abuse 0Lemons from Argentina are sprayed with toxic and dangerous chemicals that cause cancer and nerve damage and injected with artificial yellow coloring because the soil in Argentina is so depleted of minerals in that the lemons grow white on the trees and have no flavor.
Industrial products such as tools, automobiles, machinery and appliances from Argentina are the worst and poorest quality in the world. Even the chinese won't buy them. There is no industrial standard, they use the lowest quality raw materials and no testing is done before they are shipped. This has caused people to be injured by unsafe products, many people have been electrocuted by Argentine washing machines and hot water heaters that leave the factory with short circuits.
All countries should completely avoid ALL Argentine products permanently.
@18. you actually took the time to write all that nonsense? i suggest you turn to a friend or family member and ask them to read that back to you. if you still find that sensible the next stop should be to seek professional help.
Jul 11th, 2012 - 12:56 am - Link - Report abuse 0You would think if the above was true there would be mass food poisoning, illness, cancer, and all kinds of bizarre accidents on the highways and fires in homes, industries,etc.
Jul 11th, 2012 - 01:09 am - Link - Report abuse 0The anti-argies here have gotten to the point of mental illness and desperation you read stuff like above. Kretina is obviously a recently deranged individual, he has completely lost rationality. Poor thing :
Garlic garlic lemons ma'am ( voice of a bolivian selling at the unsanitary street markets) ajo ajo lemone señora
Jul 11th, 2012 - 03:35 am - Link - Report abuse 0Classic of Argentina s ferias
Hope this increases their surplus of lemons
20 - You would think if the above was true there would be mass food poisoning, illness, cancer, and all kinds of bizarre accidents on the highways and fires in homes, industries,etc. I do not believe that there has been any mass food poisoning, but there have been too many of the other ills mentioned, especially accidents on the highway and fires in homes & industry.
Jul 11th, 2012 - 05:27 am - Link - Report abuse 0@20 I seem to recall at least one article on here that reported a woman complaining that crop sprays in South America were making children and others ill.
Jul 11th, 2012 - 10:08 am - Link - Report abuse 0However, the solution is simple. The EU and US will no doubt be glad to provide details of cultivation methods, crop sprays, veterinary products, hormones etc that are not to be used as well as hygiene standards at all stages. Comply with it all. Agree that all foodstuffs for human consumption must be subject to checks by importing countries throughout the production process and at import. If everything is up to EU and US standards, problem solved!
It is plain to see from the articles on this board and the loony posters why US Prez, State, Congress and Senate have blacklisted the Arg embassy personnel they can't get meetings with anyone high up and I am sure it because the go on and on about the stupidest things.
Jul 11th, 2012 - 10:43 am - Link - Report abuse 0Conq is right, there is a list of products and procedures that have to be audited and proved before we let in any food products. If Arg can't do it too bad for them.
We are not deliberately excluding Arg from importing they are just trying to send us poison products. We get lots of fruit from Chile, Ecuador and Brazil maybe CFK should go ask them how they do it.
Gosh she is dumb.
24
Jul 11th, 2012 - 11:01 am - Link - Report abuse 0We need to check your techonology stuff for EMC and EMI, as we need to make sure the materials used producing them aren't blood materials. Furthermore we need to make sure you haven't cheated with the CE markings.
A process that is costly and takes time, hence your products will be charged with 35% taxes, to cover the expenses.
25. If you can buy cheaper and better somewhere else go for it. It is up to the purchaser. The problem is though, RGs are not abiding by the treaties, agreements and established rules regs for imports. They will lose at WTO.
Jul 11th, 2012 - 11:12 am - Link - Report abuse 0Most likely Arg will get booted out of most Int'l orgs when USA gets new Prez in 2013. I think CFK should call Mugabe, Kim Jung and the Castros and ask them that is going for their citizens. Funny I never see any tourists from there.
Didn't I just read you can't buy U$ ( or any foreign currency) to travel any longer. Hmm that's a pickle.
hahahaha
well yanqui
Jul 11th, 2012 - 11:17 am - Link - Report abuse 0After the full taxing of 35%, I can assure you your price is not competible anymore :)
Did I read you can't buy houses in Argentina with USD?
Could be the Argentinian peso is worth little, but soon, in Argentina, your dollar is going to be worth less :) I can only hope Uruguay does the same, kicks out the green currency, that is...
How do you figure the U$ will be worth less compared to the peso? Isn't something that is less available but still has high demand worth more? At least in the real world it is.
Jul 11th, 2012 - 11:23 am - Link - Report abuse 0I know you don't understand math or economics but maybe have someone read your posts before you look too stupid will ya?
BTW have they let in any Cancer, Diabetes or HIV medication yet, think they will tax that at 35% more too or is CFK just going to let the people die?
I also heard routine dental care is getting very difficult too since all the dental products are stopped too....gross.
28
Jul 11th, 2012 - 11:37 am - Link - Report abuse 0Best treatment for cancer is in Cuba, ask Chavez :)
The only reason you guys need a huge amount of medecines, is because your way of living. We aren't filled with chemicals from a young age, so we don't really need all your treatments for bird flu, swine flue, fat reducers, happy pills...
I've never heard of any Argentinian that has died because of general lack of medicines.
I have read about 25 Americans dead because of the sun... bet you don't have a cure for that...
About the USD, the day China chooses to collect what you owe them, you'll see the USD position itself where it really belongs :)
A bankrupt debtor nation like Argentina, which doesn't play by the rules and never pays back its creditors, should have no right to make any complaints to international trade organisations. Likewise a colonising expansionist nation like Argentina, which is constantly making implied threats and demands, should have no voice, no business and no right to make any complaint or express any opinion at the United Nations.
Jul 11th, 2012 - 11:39 am - Link - Report abuse 0Guzz, I think you are overly medicated right now your posts are unreadable.
Jul 11th, 2012 - 11:53 am - Link - Report abuse 025 people died from the sun out of 350MM...gasp! Maybe they should have turned on the a/c, gone to a mall or the movies. They were probably some eco-nuts or ows people that don't believe in a/c. I guess they learned their lesson.
Only people that have ZERO understanding of how economies work would think China would do anything to rock the boat with the USA. They are completely and utterly dependent upon us to buy their finished products to keep their own economy afloat. Also the bonds they own are denominated in U$ if push comes to shove we would just print more to pay them. It may trash our economy but theirs would go first.
yanqui
Jul 11th, 2012 - 11:59 am - Link - Report abuse 0No printing in the world would save you from such scenario, as I wouldn't expect the Chinese to accept their dollars in exchange for more, although freshly printed, dollars :)
To have such good english you are really dumb. A Treasury bill is in effect a legal contract PAYABLE IN U$. It would be impossible for them to demand anything else and they certainly couldn't use their military to demand it now could they?
Jul 11th, 2012 - 12:06 pm - Link - Report abuse 0Even Arg doesn't have problems paying their Peso denominated bonds but the peso goes down every day so I guess they wouldn't. Thy're actually making money...kind of in a weird bizarro world way.
yanqui
Jul 11th, 2012 - 12:21 pm - Link - Report abuse 0To have such good english it is really sad you have to make use of personal attacks to proove your point, but fine with me...
Nothing about your debt is payable.
You have been living on the speculation with the pensions of your population, the loans from the World Bank and the patacones you sell to foreign nations.
Having in mind that your natuon still is a centre for the market, your debt might be misleading. Even so, more than half of it belongs to you, which would mean you owe some 8 Trillions dollar. Mainly to China and your own pensionists. Pay that if you can :)
Guzz, Think about this as your own family budget, If you borrow $100 from your savings account how does it get paid back? Out of current revenue. Same goes for the US gov't.
Jul 11th, 2012 - 12:32 pm - Link - Report abuse 0I expect this possible shortfall (projected to be in about 20yrs) will be fixed shortly by increasing the retirement age and having income thresholds. It is an easy fix accounting wise not so easy politically but for myself I have never expected to receive a pension from the state and most people my age and younger think the same.
It will get fixed I'm not worried about it at all.
35
Jul 11th, 2012 - 12:48 pm - Link - Report abuse 0So you mean the quick fix is to rob the pensionists of their money?
See? That is exactly the reason why we opt for alternative ways...
How do you figure that? Our Social Security insurance is not a right. Nobody is robbing anyone we don't think in terms of rights to gov't payments like the Southern EU or other progressive countries.
Jul 11th, 2012 - 12:57 pm - Link - Report abuse 0They raise the retirement age by linking it to the mortality rate and income threshold the payments. As it should have been done when they started the programs in the 60s. That is not robbing anyone how could it be? That is lefty logic and full of holes. Try to explain it to me will ya?
yanqui
Jul 11th, 2012 - 01:56 pm - Link - Report abuse 0That would be delaying the payout, and would serve as another short term solution. If you aren't planning to make the people work till they are 100, that is...
36 Guzz
Jul 11th, 2012 - 01:59 pm - Link - Report abuse 0With 30% inflation, any hard cash amount sitting in a bank account or pension fund is decreasing year on year as is any fixed amount being paid out each month. Given that this is government sponsored inflation, people are being sort of screwed by the present government...
CFK protesting against protectionism...
Jul 11th, 2012 - 02:14 pm - Link - Report abuse 0*facepalm*
39
Jul 11th, 2012 - 02:18 pm - Link - Report abuse 0The present, the past, and the upcoming one...
The system is out dated, as with most of the worlds current economic system, if requires an always increasing input to maximize the output. This would mean a birth rate of at least 2.1 to upkeep the ageing population. That is just not happening in USA and Europe. There's a roof on everything...
41 Guzz
Jul 11th, 2012 - 02:22 pm - Link - Report abuse 0Everywhere pension are getting harder to fund, but add in inflation at that level then you find that the amount you are able to give people is significantly lower. Also, with rumours that there aren't that many US$ left in ANSES (as these have been replaced with peso bonds) to match the payment obligations to pensioners you'll have to print more, which creates more inflation.
I don't understand why this government likes inflation so much that it purposefully stimulates an increase in inflation...
The rest of the world doesn't want our poison, that's ok.
Jul 11th, 2012 - 03:40 pm - Link - Report abuse 0Argentina blocks poisoned European books, cancerous Chinese toys, and unsanitary EU beef products (mostly in gourmet processed EU origin foods), and we are protectionist.
I repeat, the anti-argies here have lost their minds, their hatred has consumed them entirely. Lovely.
@43 Argentina blocks poisoned European books
Jul 11th, 2012 - 03:44 pm - Link - Report abuse 0But then unblocked them very soon after so either (i) they weren’t that poisonous or (ii) they were and the government is happy with people being poisoned? Which one?
The latter, they are populists and people were pissed. But sorry it was mainly American books, the issue was with books via Amazon, they are the ones with led ink that smudges in your fingertips. I had such a book, the ink literally smudged off when I opened a certain page.
Jul 11th, 2012 - 04:03 pm - Link - Report abuse 0Intersting, I buy all my books from amazon and have never had a problem at all. Shame though, sounds like the book you got was really very dangerous and a shame that this government doesn't care about the health of its people. Out of interest, how many book related deaths have there been?
Jul 11th, 2012 - 04:05 pm - Link - Report abuse 0There's been some reports of people showing abnormal low red-blood cell counts, people that had ordered US books for years. I think it was detected in Argentina because we have Tematika.com (Argentina's amazon), and La Casa del Libro (Spain), both are the largest booksellers in Spanish, whereas everyone in the USA would go through Amazon so detecting any health discrepancies would be harder. Trust me many people in the opposition are mad CFK is lettin this American poison enter the market.
Jul 11th, 2012 - 04:12 pm - Link - Report abuse 0My advice is that, Rgs should stop eating old books. Have an apple sometimes that paper is tough on the digestive system.
Jul 11th, 2012 - 05:09 pm - Link - Report abuse 0Toby,You are so indoctrinated it is scaaarrry!! And you logic is baffling.
You are a drone, all you spout is indoctrinated when people don't agree with you. You are the most indoctrinated people on Earth, because you don't even know it.
Jul 11th, 2012 - 05:42 pm - Link - Report abuse 0Dear Cristina, when life throws you a lemon, make lemonade :-)
Jul 11th, 2012 - 06:08 pm - Link - Report abuse 0Latest news: the USA have overtaken the EU as Chinas' largest market.
Jul 11th, 2012 - 06:15 pm - Link - Report abuse 0Print the dollar, anyone.
One famous Fed Chairman (yankeeboy will know the name) went around Europe as it was then, spelling out the devaluation of the dollar and apologised by saying: it's our currency but YOUR problem, sorry!
What he meant of course is that by printing dollars the value of each countries dollar holdings were worth less, but the USA was largely unaffected.
France stood up to them though and insisted having all their US credits paid for in gold before Nixon fcuked the currency for good.
I remember the plane carrying the gold landing in France was televised by the BBC.
The Chin are presently manouevering the Yuan to take over as the reserve currency and it is bound to happen in the future given that the USA have made the same mistakes as GB did after the 1900's in fighting wars they either cannot win or afford, thus crippling the economy.
It seems no-one ever learns, does it not?
Chris, How does the US overtaking EU as China's largest client have anything to do with a devaluation of the U$? Care to explain? Your post makes absolutely no sense. I thin it has more to do with the economy barely growing in the USA and EU sinking like a rock.
Jul 11th, 2012 - 08:40 pm - Link - Report abuse 0The Yuan as a reserve currency..bahahahaha maybe when they stop manipulating it...which will be never.
52 yankeeboy
Jul 11th, 2012 - 09:34 pm - Link - Report abuse 0I did not suggest an announced devaluation of the dollar, but how will the USA pay for the chineses crap without printing more dollars?
You can laugh about the Yuan, but who is manipulating their currency more than Bernanke?
If you read about the fall of the pound, the numbnuts in charge of GB at the time also laughed at the idea of the dollar becoming the reserve currency and we all know what happened next.
My grandfather used to tell me that a dollar was worth five shillings (25p or 1/4 of a GBP). When I first visited America it was $2.4/£. Now we struggle with 1.6/£. The incompetence of the respective UK governments knows no bounds.
I hope not, but with Bernanke in charge you might be looking at a similar scenario. Once the dollar is replaced by whatever I suspect the slide will be just as precipitous as the GBP.
My hope is that Bernanke will be out of a job just like Obama in 2013.
Jul 11th, 2012 - 09:41 pm - Link - Report abuse 0yankeeboy, how come you have never been sighted making any self-critical comment about your country (no, Obama-bashing does not count, anyone can criticize home politics especially when you are in the ideological oppositon).
Jul 11th, 2012 - 11:05 pm - Link - Report abuse 0Everyone on the planet knows you are burying yourselfs with trillions in endless wars, in which an enemy spends 2 million on a succesful yet SINGULAR attack (in location), and you respond with 2 trillion in multi-year military forays.
It may look macho and all, but ultimately not very smart. The only people that don't see that are the Americans. Oh well.
Toby, You don't understand the Unites States at all. I have tried to explain many times we need a war every 15-20yrs to keep the troops viable and to buy and develop new equipment. We are almost out of Afghanistan now we know how to fight in deserts and cities (Iraq) and we had HUGE increases in technology from the wars. The new stuff we have coming is AMAZING! And the Congress never would have allocated the $ if there wasn't a reason.
Jul 12th, 2012 - 12:56 am - Link - Report abuse 0Its all good no worries. We'll make the money again we just need a new Prez. to right he ship. Progressives can't run a lemonade stand much less a country look at the mess you are in and you won't be able to dig out of it for 20-25 yrs.
Three trucks of lemons cross several kilometers in two months. Impressed.
Jul 13th, 2012 - 01:36 am - Link - Report abuse 0Why complaint WTO when Argentina can be better off blocking USA and japan from Argentina's market and fill the hole ourselves. Besides the US dollar is almost illegal tender in Argentina. For what it is worth
Jul 14th, 2012 - 08:20 pm - Link - Report abuse 058 Prat-Junta
Jul 14th, 2012 - 09:31 pm - Link - Report abuse 0At the moment the USD is worth almost SEVEN (SEITE) Argentine arse wipers, laughingly called Pesos.
Spending Canadian money at the moment? Bet your family in Argentina think you are complete fcuk-up whining all the time about western nations while you happily take the money, which they cannot have access to due to The Mad Bitch Of Argentina and her 'model'.
And how are you going to fill the hole for all the motor part imports?
Ah! I see, the automakers are going to close the plants! So you don't need to fill it yourself. Have you seen all the lay-offs of your amigos at Fiat, Ford, VW, et al?
Do you know the meaning of hypocrite? Or just Pirats and illegal aliens.
Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!