MercoPress. South Atlantic News Agency
Bad news for Argentina: economy contracts and industrial production slumps
Argentina's economy contracted in May and industrial production slumped further in June, according to government data released on Friday. Economic activity fell 0.5% in May year-on-year, slowing from April's 0.6% growth rate and marking the first contraction in 34 months. Read full article
Comments
Disclaimer & comment rulesIs this the bit where we say we told you so?
Jul 21st, 2012 - 08:45 am - Link - Report abuse 0Well the usual CFK apologists and sicophants will be on here soon saying it is all lies.
Jul 21st, 2012 - 09:19 am - Link - Report abuse 0But that appears to be normal operating procedure for most Argentines. There are 7 steps:
1. Stick fingers in ears so they can't hear the truth.
2. Immediately post nonsense about a completely unrelated topic to derail the thread, especially about the Falklands or UK.
3. Insult anyone who doesn't agree with them.
4. Bring up other countries economies using 'evidence' that is years out of date.
5. Mention proudly that they can always default, as they consider this to be a badge of honour.
6. Cry about everyone 'picking' on poor Argentina.
7. Bury head in sand until it all goes away.
Let's see how this pans out, shall we? ;0)
@1 Took the words from my mouth, though I don't doubt the Kirchiner trolls will deny it's happening.
Jul 21st, 2012 - 09:23 am - Link - Report abuse 0more of the same please, ITS ALL GOOD!!!
Jul 21st, 2012 - 09:47 am - Link - Report abuse 0Hysterical, still they are going to win tons of gold medals at the Olympics, they may even beat Mongolia this year!
Jul 21st, 2012 - 10:58 am - Link - Report abuse 0“High inflation, a sluggish global economy, waning demand from neighbouring Brazil, falling grains production as well as new trade and currency controls have prompted the slowdown.” The Mad Bitch Of Argentina said proudly.
Jul 21st, 2012 - 11:12 am - Link - Report abuse 0“Only my government can bring about these welcome changes and we now lead the world in crooked, incompetent leadership. This is something all Argentines can be proud of'”, she said.
LOL :o)
Just like the Chinese there is a pact, I give you growth ($) you keep me in office. I wonder what happens now?
Jul 21st, 2012 - 11:49 am - Link - Report abuse 0If CFK was projecting 5-6% growth to have a balanced budget what happens with it is negative and all the hard currency has already been stolen or fled the country?
Stagflation..hyperinflation...depression
Almost in phase 2 now
@7 All being well, argieland will implode by the end of the year. I feel slightly sorry for the 5 or 6 argies with intelligence. But not too sorry as they should be convincing their thick neighbours and friends that the Falkland Islands have never been theirs, never will be theirs and should be left alone. Is there any time in the next thousand years when the majority of argies will be able to accept that they can't have something just because they want it? And who in their right mind would want a number of islands hundreds of miles away that already belong to someone else?
Jul 21st, 2012 - 12:28 pm - Link - Report abuse 0Not to worry wages continue to outstrip the 30% annual inflation rate.
Jul 21st, 2012 - 12:54 pm - Link - Report abuse 0Who says the good times can't last.
It is amusing indeed.
Jul 21st, 2012 - 01:13 pm - Link - Report abuse 0All the people here moralizing on another country's supposed GDP contraction (one of the first in 10 YEARS), hail from countries in which the only thing they know is contraction, contraction, contraction. Recession, recession, recession, non-stop for the last 5 years.
hahahahahahahahahahahaha.... celebrating another countries supposed first month of GDP contraction when theirs is in year 5 of not yet even making up for their GDP losses from the crisis.
You know the mightly have fallen when it comes down to this. :)
Argentina´s economy has lost its base and it is clearly not ready for a black swan, a natural disaster, a continuing slump in world economy, a bad year of crops, a plague in the soybean fields or a collapse in crop prices, etc.
Jul 21st, 2012 - 01:15 pm - Link - Report abuse 0That´s why central banks have to be independent, that´s why monetary policy has to be run by economist and not by politicians. The 200% tariffs of Mercosur aren´t helping Argentina to develop a strong industrial base, which is faltering now, unable to compete in world markets. I hope argentinian leadership come to their senses and start opening their economy, they have talented people, they only need the opportunity to compete.
10 TTT
Jul 21st, 2012 - 01:27 pm - Link - Report abuse 0Poor Tinkerbell, just doesn't get it, didn't you study history in school? Wait, maybe that explains a lot.
11 JoseAngeldeMonterrey
Jul 21st, 2012 - 03:56 pm - Link - Report abuse 0The problem is that the talented people you speak about are not kirchnerists, so belong to the “enemy” and will never be called to save the country.
Kretina is always right, she has the only TRUTH!!!!!
Toby, You had a brief upswing in your economy was mainly due to defaulting on Int'l debt, stealing hard currency from the countries entities and a boom in Ag products. Then diverting all of that money to the population so they can consume. You didn't need to be a rocket scientist to see how this was being accomplished.
Jul 21st, 2012 - 04:20 pm - Link - Report abuse 0But now the money is gone, your industry is no more developed than it was 10 yrs ago, infrastructure is a mess and you are stuck with the inflation that pumping of the money supply created.
I have no idea how you get out of the mess the Ks created. No idea! I think this disaster will be studied in many econ and history classes as the perfect example of how bad gov't ruins a country.
The Ks didn't create a new economic model, that is impossible and laughable. Their centralized planning and tweaking here and there has actually destroyed your economy for ( I'm guessing) another generation.
Why you may see some gloating is that we all told you so and time and again the brainwashed and brain dead Rgs on this board didn't want to hear it, told us we were lying blah blah blah.
This is going to end spectacularly! If blood isn't shed in the streets during massive civil unrest I will be very surprised.
There goes yankeeboy with his told you so.Who cut growth projections from 4.1 to 3.9 and unemployment is up and of course house sales down.USA of course.
Jul 21st, 2012 - 06:00 pm - Link - Report abuse 0There is a global situation and no country, in the global community(sic) is untouched.Now tell us where we are all going yankeeboy and are you voting for O'Bhama this time.
14
Jul 21st, 2012 - 06:25 pm - Link - Report abuse 0Did you copy these balderdashs from IMF reports who 90s years Argentina Economy adviser.
”USA of course.
Jul 21st, 2012 - 07:21 pm - Link - Report abuse 0There is a global situation and no country, in the global community(sic) is untouched.Now tell us where we are all going yankeeboy and are you voting for O'Bhama this time.“
Obama has moved at least one step beyond CFK on the road to economic recovery. The first stage of combating a problem is acknowledging that there's a problem.
Economists in america and europe seem to have polarised themselves into two camps: ”let's cut government spending until our budget defecit goes away“ and ”let's raise taxes until our budget deficit goes away“. Both of these are flawed approaches when taken in isolation but they are however much better than ”INFLATION?! BAD DEBTS?! LIES!!!!” *prints more money and arrests anyone who points out that taking the short road to becoming Weimar Germany is a bad plan*
Making constant fun of Argentina's impending doom is Hubris. look at your own mess.
Jul 21st, 2012 - 07:48 pm - Link - Report abuse 0You are not better than them.
Hubris will be your undoing.
Is there a method to her madness? I read one column which stated that possibly CFK is intentionally reporting growth/production is down, because if it goes below a certain percentage, she will not have to pay around $2 billion dollars in interest payments due in August 2013. That way she will have more campaign money for the mid-term elections next year.
Jul 21st, 2012 - 07:55 pm - Link - Report abuse 0@18 dear boy, you dont spell “humerous” like “hubris” easy mistake to make.
Jul 21st, 2012 - 08:11 pm - Link - Report abuse 0I couldn't stoppped laughing when i read that one of the sources of this article is an economist from goldman sach, very reliable, isn't it?.
Jul 21st, 2012 - 09:08 pm - Link - Report abuse 0Anyway, like i always say, alltough i understand that some of you love reading this kind of news. There are a couple of detaills that you should know too.
It was already known the fact that our economic expansion was going to be much lower this year, it was obvious that we were going to be affected by the world crisis. But, according to a report from the ministry of industry, we had an economic expansion of 5,5% between janory and march, and according to the indec, the growth between janory and june was 3%, anyway there was a huge deceleration in almost all the sectors of the economy.
For being honest, i dont deny that i have doubts about the indexes that are published by the indec, but i would never take seriouslly any index from goldman sach, etc etc. Nothing of what those diviners predicted for argentina finally happened.
On the other hand, it's really pathetic how some of the people who are from u. s. a and fron the u. k, make fun at our situation, and pretend to give lessons of economy, criticising the decisions of our government, making analysis which are not only too partial, but very mediocre too, like if their countries were living in a constant prosperity. Do you forget about where all this crisis started?, i don't, so, the day that you have unless one line of intellectual honesty, you'll be able to leave your wishes behind every time you give an opinion about the actual moment, and about the future of argentina, because unfortunatelly, you dont imagen about how lamentable you seem, every time you make the stupid and ignorant comparisons that you do.
#17. Well done.You,also,have no answer to the 'world crisis',but you do claim to know what is not the answer.
Jul 21st, 2012 - 10:13 pm - Link - Report abuse 0Lies are what have been fed to the world by the makers of the 'crisis'.What happened to the belief that the south American economies had a role to play in resolving the situation.Hence the need to be more independant from those who reap the rewards and disperse the blame.
Keep your tentative and vague solutions to yourself,and explain,perhaps,what you think south American economies should do,protect themselves or serve the makers of the 'crisis'.
This isn't a crisis for everyone,it is an opportunity for some.
Ahh the cause of all of Argentina's problems is THE OTHER let's call it the world crisis this time last time it was IMF, time before the USA the time before that the UK never dumb RG gov't decisions nooo never us
Jul 21st, 2012 - 10:27 pm - Link - Report abuse 0You people are so brainwashed/brain dead it is scary.
I hope you like eating barley bread and using wheel barrows of pesos to pay for them.
“explain,perhaps,what you think south American economies should do,protect themselves or serve the makers of the 'crisis'.
Jul 21st, 2012 - 10:58 pm - Link - Report abuse 0This isn't a crisis for everyone,it is an opportunity for some.”
Yep, you're right. This is a brilliant opportunity for anyone connected with the Kirchner government. They can and have availed themselves of tons of US$ and made themselves rich while the peso falls apart.
Your government lying about the state of the economy and cracking down on anyone who dares to contradict their fictional numbers isn't “protecting themselves”, it's a stupid idea that in the end will only make things worse for ordinary citizens. No amount of patriotic chestbeating can alter that.
21.
Jul 21st, 2012 - 11:28 pm - Link - Report abuse 0'Nothing of what those diviners predicted for argentina finally happened.”
Axel it is happening now idiot.
It is very near impossible to predict WHEN something will happen but it is easy to predict WHAT will happen.
Stagflation..Hyperinflation...Depression
That's the path CFK has put Argentina on. I'm just waiting for stage 2 to start...
Mmm Barley soup w/Barley Bread yum yum
Ok, coming to take a look over other countries. “The International Monetary Fund has downgraded its forecast for UK growth this year by more than any other developed nation and warned that the world economy is weakening.” http://www.guardian.co.uk/business/2012/jul/16/imf-slashes-uk-economic-growth-forecast?newsfeed=true
Jul 22nd, 2012 - 07:44 am - Link - Report abuse 0“Many economists now believe the UK economy will “flatline” for the whole of this year and grow only “anaemically” in 2013. They also fear unemployment will rise again later this year after falling for the past three months. ”
http://www.guardian.co.uk/business/2012/jul/16/imf-slashes-uk-economic-growth-forecast?newsfeed=true
“The US Federal Reserve chairman, Ben Bernanke, said the process for setting the rate was ”structurally flawed“ and that he could not guarantee its reliability.”
http://www.guardian.co.uk/business/2012/jul/16/imf-slashes-uk-economic-growth-forecast?newsfeed=true
U.K. Unemployment Statistics Are the Odd One Out
”The first theory is that one set of statistics is wrong, with the finger being pointed at the GDP data. Official figures show the U.K. economy shrank 0.3% in the first quarter of the year and shrank 0.4% in the fourth quarter of 2011, meaning the country is in technical recession, which is defined as two consecutive quarters of contraction.“Both sets of numbers can’t be right,” says Ross Walker, economist at RBS. “It is, in principle, easier to accurately measure employment than economic output–and there are several distortions in the GDP data which look dubious (eg, the scale of the reported fall in construction output).”
http://www.guardian.co.uk/business/2012/jul/16/imf-slashes-uk-economic-growth-forecast?newsfeed=true
:))
Did I just hear a toilet flush?
Jul 22nd, 2012 - 10:27 am - Link - Report abuse 0Is that the Argentine economy disappearing down the U bend?
Is that light you see at the end of tunnel in fact a flamethower?
1 malicious bloke. You are right, no one should say “We told you so” but still........... “We told you so”
@26
Jul 22nd, 2012 - 11:59 am - Link - Report abuse 0See my post @2. Thank you for following the 7 steps to denial so well.
You and the other CFK sicophants and apologists always react the same way.
It doesn't change the fact that people have been warning for months that this was going to happen in Argentina unless your government did something sensible to prevent it. But your government did NOTHING sensible at all, and have just continued to compound the economic problems Argentina is facing.
Going into recession with 30% plus inflation is not good for ANY economy around the world. CFK and her government are doing a juggling act with short term measures that will only lead to an eventual worsening of the situation. Very soon the bottom will fall out and Argentina will be bankrupt.
I hope it doesn't happen, because it's always the poor and middle income families that have to bear the brunt of a bust economy, but the signs don't look good especially with top economists predicting that hyperinflation and stagflation is just around the corner.
Champagne to celebrate...
Jul 22nd, 2012 - 12:24 pm - Link - Report abuse 0I think is a good opportunity to CFK govt. to declare ARG in default again and don’t pay the external debt anymore and ask for a hair cut of the debt.
Hey after all ARG is having big economic problems who is going to say no Goldman Sachs, S&P, moody’s??
This way will make Goldman Sachs, Alberto Ramos, Robert Shapiro, Broda, Cavallo, FMI and all haters here happy.
And Arg. will save this money to invest in industries for defence to make weapons, nuclear submarines, missiles more sats, etc.
And start all over again like from 2003 growing 8% rate for 10 years.
Any exchange please I ‘m a poor guy I cannot pay you debt back help me please...
Dany, Most of the Arg debt is held internally so if you default again you are just hurting your own people. So I think it is a good idea.
Jul 22nd, 2012 - 12:50 pm - Link - Report abuse 0Have you started stocking up on laundry detergent, sugar and coffee? I see that the price of Sugar is running almost 2x the inflation rate. That is probably your best bet just make sure it is stored in a cool dry space free of vermin. It would be awful to have your fortune eaten by rats. Oh wait that is what you are used to.
Nevermind
Brainwashed and Braindead Rgs, it would be funny if it wasn't sad.
@21 We have one thing in common. I read your comment and laughed myself sick. 1. You have a “government”? No, you don't. You have a bunch of self-important losers with delusions. Just look at Tinpotman. How good is he? The guy who self-importantly interfered with US Government property. Didn't he also rush off to the UN to accuse Britain of “militarising” the South Atlantic. Only to find that all his “facts” were wrong. Did he get the support he was after? No. Did he even get a clap? The only clap he might have got would be from the hooker he hired. “Clap” being a disease. Then there's Putrid Jelly. Every time he opens his mouth, he is an embarrassment. Remember he said that the Falkland Islanders were being “held hostage” by the British military? Then there was that idiot the other week trumpeting that everyone should be using pesos. And got quite narky when he had to admit all his money was in dollars. And you want to be taken seriously? Take yourself. As I recall, you said that you took 2 years to conduct your “survey”. And who was interested? Did you ever persuade anyone?
Jul 22nd, 2012 - 01:34 pm - Link - Report abuse 0@22 One thing you can bet on is that protectionism and stifling trade doesn't work!
@26 Well done! You've managed to find a couple of items for the UK and one for the USA. Why don't you try this one http://en.mercopress.com/2012/07/20/argentines-inflation-expectations-for-the-next-12-months-in-july-climbed-to-35.7 Then tell us which of the three following countries: argentina, UK, USA is headed for 35.7% inflation? Tell you something else. Inflation breeds inflation. Last week, your grocery shopping cost you 100 pesos. Next week, it will cost you 136 pesos. You need a pay rise. So you get a 30% pay rise. Then all the people that want to sell you something say “We need a pay rise as well. They can afford it. They've just had a pay rise.” Let's say they decide to put their prices up 25%. So what you actually needed was a 60% pay rise. And who's going to pay you that?
Dany Burger 29
Jul 22nd, 2012 - 02:37 pm - Link - Report abuse 0Argentina has plenty of money to build nuclear submarines and weapons, what you don't have is the intelligence needed to build them. Get the Israelis to help you, just trade some war criminals for expertise. Get your plutonium from the reactor in Embalse-Rio Tercero, no wait, that is Canadian built and Canadian designed, the same people who freeze your potatoes. I'm sure through Argentine-Angolan co-operation you'll come up with something!
29 DunniBurger aka Mr. Blobby
Jul 22nd, 2012 - 02:46 pm - Link - Report abuse 0“And Arg. will save this money to invest in industries for defence to make weapons, nuclear submarines, missiles more sats, etc.”
The famous 'nuclear (powered) submarines' which are still 'under development' and will be AT LEAST 40 years old before they get into the test phase with an untried reactor / steamer / condenser combination. Bubbling like a kettle jumps to mind as the best way of describing this triumph of Argie technology.
And the 'missile programme'! A failed mid-range thing to reach the Falklands (there are STILL no Malvinas) which can't! And, not forgetting Putridjellies masterpiece: the solid fuel rocket with the 25.6% payload!!!!! The famous V2 (designed and made by some of your predecessors) which was a superb piece of technology, only managed just over 8% and that really did do some damage.
Keep posting this crap it makes me laugh so much.
YANKEEBOY. CONQUEROR.
Jul 22nd, 2012 - 06:20 pm - Link - Report abuse 0CONQUEROR: All the countries are protectionist, and we all know it, beside, it's the right thing to do, because we all need to protect our industrial productions.
YANKEEBOY: This is evident that you love being the best example of the tipical mediocre people, who can't leave their wishes behind when they give an opinion.
Like i said before, i dont deny that we are having a deceleration in most sectors of the economy, in fact, tell about unless one country which is not going through a deceleration or a recession. But now the government is taking all the measures and more, that it took in 2009, which let us recover the economic expansion. On the other hand, if you really think that c. f. k chose for argentina a path of recession and bla bla bla, that shows the mediocre thought that you have, or maybe, like i always say, you can't leave your wishes behind when you give an opinion about the present or the future of argentina. Can't you see the economic and social situation of the most important countries?, do you think it was not going to affect us?. The actual global situation is worse than in 2009, beside, that year the crisis had affected our production more than now. But let me tell you neather what your so loved i. m. f. said about the future of argentina along these years, nor what those so called private analists said, finally happened, thats' why i call them diviners, therefor i would never take them seriouslly.
Hmm wasn't Anses nationalized in 2008? Then it had all of its hard currency stolen and replaced with Arg Bonds? Isn't that how CFK got through the last down draft? Wasn't seh about U$28Billion short that year?
Jul 22nd, 2012 - 06:30 pm - Link - Report abuse 0Where do you think the U$ is going to come from this time? All the hard currency has left the country.
My advice is to go buy Sugar and laundry detergent. It will be better than having peso soon. Although making less than $U475/mo I am not sure you can even keep yourself clean much less save anything.
& 29 ..& 30 ...& 31
Jul 22nd, 2012 - 06:57 pm - Link - Report abuse 0Please don't afraid/quail/tremble/fret/worry....etc...etc
The Argentina Economy is very strong.
Max...or MaxiK? Yes it is very strong...so is the Peso
Jul 22nd, 2012 - 08:47 pm - Link - Report abuse 0The only thing strong in BA is the smell of all the garbage in the streets.
hahahaha
It is very near impossible to predict WHEN something will happen but it is easy to predict WHAT will happen.
Jul 22nd, 2012 - 08:56 pm - Link - Report abuse 0probably your best bet just make sure it is stored in a cool dry space free of vermin. It would be awful to have your fortune eaten by rats. Oh wait that is what you are used to.
Quotes of yankeeboy
1/you can predict that any negative indicator in the economy will draw a comment from him.
2/ the comment will be neo-liberal/anti-Argentina rubbish.
3/rats have been eating argentina's wealth for many years before the hedge funds got in on it.
The current situation is much better for argentine people than it was 10 years ago,and everyone knows about peaks and troughs,except yankeeboy who thinks the final answer has been found.The one that got the global economy into the present situation.Isnt that 100% stupidity,not that yankeeboy sees that.
We shall wait for the outcome of his prediction some time in the future or at some other time unknown to him.!!........,
The current situation is much better for argentine people than it was 10 years ago..
Jul 22nd, 2012 - 09:42 pm - Link - Report abuse 0Based on What? Indec statistics? The fact the Slums have more floors on them now?
If everything was so great the last 10 yrs, why are the sidewalks all broken in BA? Why is crime DRAMATICALLY ESCALATED, Why are the subways and trains faulty and killing people?
I can go on and on.
You live in a delusional state along with most of the rest of your companeros.
Stagflation Hyperinflation Depression
You are in stage 1 and stage 2 will happen as soon as she is out of pesos..which could be as much as a quarter of year but probably not it all depends on what CFK chooses to nationalize next but all the U$ is gone so I don't think there is anything left...
Buy sugar
A story for Malvanistas.
Jul 22nd, 2012 - 09:48 pm - Link - Report abuse 0Argentina is like a young pregnant girl with many 'partners' (Brasil, Cuba, Venezuela, etc.).
After asking all of them to help her find out who is responsible for her condition, all she gets is 'it's not my fault! To which she replies 'it's not my fault at all'!
After a little while it becomes increasingly obvious that the 'problem child' within her is geting bigger (economy in a nose dive, etc.) and poor Argentina, all on her own now, doesn't know what to do. So she girdles herself up so that the problem is not so clear and goes to seek help from other sources (China, Angola, etc.).
But! They are not stupid and after asking her to visit their homes and making sympathetic comments to her (yes, you should have the mythical Malvinas, etc.) they send her on her way, neve to hear from them again.
Then comes the day of reckoning. Poor Argentina wonders what she has to do to get help.
All her partners ever did was have a good time at her expense because, as we know it is NEVER Argentina's fault!
Her 'new' friends are laughing behind her back about Argentina thinking she could hoodwink them, then: pop; out comes another Argeninean bastard to go with the other 40,000,000! But it's just NOT my fault! And all the rest of the world just shakes its' head at poor Argentina, silly girl.
Apologies to Simon68 and all the other level headed Argentineans.
@yankeeboy
Jul 23rd, 2012 - 05:21 am - Link - Report abuse 0So now the external debt is on Argies hands quite convenient for you after been claiming how US and ATFA will punish Arg. for not paying it’s external debt.
BTW my best business will be to sell YakeeBoys for the price they think to worth while buying them for the real price on the market.
I can guarantee you a profit not less than 2000%. And if I buy Islanders I would get 10.000% profit but unfortunately there is not enough stock of them.
Anyway I still believe that to invest all that money into a defence industrial complex will be 1000 time better than to pay the crooks. After all they always will keep saying the same shit.
I propose to name the first intercontinental Nuke “YankeeBoy” any support for the motion?
@41 -Dany
Jul 23rd, 2012 - 08:15 am - Link - Report abuse 0Defaulting is the worse thing Argentina can do. You've done it once, and you mistakenly believe you've 'got away' with it, but you haven't. Argentina STILL owes that money, and the longer you take to pay it off the more interest you'll have to pay.
Now your creditors have been quite patient with you, but it won't last forever. If you default a second time, you compound your debt, and no one will lend Argentina money. If you refuse to pay any of it back the international community will respond by implementing sanctions against you.
I know you're going to come back with some nonsense about China, but Argentina OWES them money too, and you'll find that they're not nearly as patient as the West, and infinitely more dangerous if you try to double cross them.
If Argentina doesn't start to repay what it owes, and you certainly have the natural
Resources to do so, then you will find yourself in a similar situation to North Korea, shut off from the world. Maybe that's what you want. But I think most Argentinians would be appalled if that happened.
No investment in Argentina. No imports. No exports.
By the way Dany, with what are you going to build these nukes? Even Iran and North Korea can't quite get them right.
Plus I thought your Dear Leader Cristina wanted to keep South America nuclear free. Is this just another lie?
But as usual Dany 'I'm a military genius' Berger, you (Argentina) haven't the faintest idea of how to build an intercontinental missile, let alone one with a nuclear payload.
Not only that, but developing nuclear power for civilian use is one thing, but to use nuclear material to develop weapons could see the UN security council impose sanctions against Argentina, especially as Argentina signed the nuclear non-proliferation treaty.
Oh, but Argentina has a history of ignoring its international obligations, doesn't it? And if Argentina wants to cede from the treaty it has to give the UNSC good reasons to do so or face sanctions.
@LEPRecon
Jul 23rd, 2012 - 09:13 am - Link - Report abuse 0I always want to say this like Obama...
Yes we can. Ha ha
“and no one will lend Argentina money”
Is already happening now and paying according with you guys.
So what would be the difference?????
“will respond by implementing sanctions against you”
Against just me? Oh!
How cares??? They have already done this and????
“similar situation to North Korea”
Really? Who cares?
“No investment in Argentina. No imports. No exports”
Good who needs those crooks?
“By the way Dany, with what are you going to build these nukes?”
Ah! LepWrong you always underestimating people and nations.
Argentina cans build an intercontinental nuke tomorrow if they wish to do so its is just a political decision not a technological problem and all with indigenous tech. Even faster than your lovely UK.
“Not only that, but developing nuclear power for civilian use is one thing, but to use nuclear material to develop weapons could see the UN security council impose sanctions against Argentina”
And? What are you gonna do? Self-determination mate.
@43 - Dany
Jul 23rd, 2012 - 10:30 am - Link - Report abuse 0You are either completely naive or stupid. No one says Argentina can't develop nuclear weapons, but your country signed the nuclear non-proliferation treaty.
Now in 2003 North Korea ceded from this treaty, and because they couldn't give a plausible reason why, they have had sanctions in place against them ever since. Even the Chinese won't give the North Koreans technology and expertise to develop nuclear weapons, and they're their closest allies. So what chance do you think Argentina would have?
But go ahead and try it.
Lets get some perspective. It costs the UK £2 billion a year just to maintain our nuclear weapons. That's US$3.2 billion. Then you have to maintain the launch platforms £11 billion or US$18 billion per year. Then you have to secure the weapons against terrorists and potential sabotage (unknown sum), and the costs keep spiralling upwards.
You also have to add into this, Dany, the cost of developing and building these weapons, and their launch platforms. This would be in the £100 billion or US$155 billion absolute minimum (could be much more if the project runs over budget).
So that is an initial cost of £113 billion or US$176.2 billion with a US$21.2 billion upkeep every year.
From this news story, and other economic factors, Dany, this is a pipe dream. Argentina is in no danger of invasion so why would you spend so much of your annual budget on this when it could be used to build schools, hospitals, maintain your infrastructure, generate jobs for the unemployed?
It seems reckless in the least, especially as to develop these weapons you risk international economic and technological sanctions.
I think all Argentinians breathe a sigh of relief that you are not in charge, Dany, as you would bankrupt the country in a week, and throw away the lives of your soldier's in a futile attack against the Falklands. 10,000 men you once said you were willing to lose. I think the Army would shoot you before following any order you gave.
Dany, Along with most of your companeros you are one dumb bunny. If you don't know the current state of your own country's debt and economics I can't teach you in one post.
Jul 23rd, 2012 - 12:11 pm - Link - Report abuse 0You still owe In'tl debt from before the default, since the default most Arg Fed debt has come from internal sources, banks, Ins companies, Anses, a little from World Bank and IDB, very little from Venezuela.
Default away on the new debt who cares. You still owe 10s of Billions of U$ to outsiders. You'll end up having to pay it is just a matter of time.
Just this week the holdouts were able to confiscate a 100MM but I don't think it made it into the Arg papers.
Buy sugar or end up starving on the street. It is no skin off my nose.
@LepWrong
Jul 23rd, 2012 - 02:31 pm - Link - Report abuse 01-Your comparison with North Korea is just foolish. Because they don’t have developed they own nuclear tech. Argentina does since long time ago and even with a US embargo since the ‘50 and that was the reason why ARG went alone with it.
So Argentina had dominated the complete circle of the nuclear tech since 50 years ago, having its own centrifuge facilities to tech Uranium, mining, refining, etc, etc.
So you have no idea of what are you talking about.
2- The cost to keep your nukes you are posting is UK cost because you depend on the yanks is their tech not yours. The same as you are doing with weapons with BAE all coming from USA. So I will not be surprise if you ended up paying 200m for a plane.
3-“So what chance do you think Argentina would have?” all the change as I said before is just a political decision and ARG like Brazil have been let the option open to create their own nuclear arsenal if required.
4-“This would be in the £100 billion or” again this is your cost because you depend on US.
5-“Dany, this is a pipe dream. Argentina is in no danger of invasion so why would you spend so much of your annual budget on this when it could be used to build schools, hospitals, maintain your infrastructure, generate jobs for the unemployed?”
And why are you expending that much while your govt. is cutting budget on education, health service, etc, etc? Who is going to invade you?
6-“It seems reckless in the least, especially as to develop these weapons you risk international economic and technological sanctions”
Really? And who cares? What are you gonna do?
Ah! you will not lend money to Argentina? Ha ha
7-I don’t see what is your problem you have to be concern about how much you will lose.
@yankeeboy
Oh! Poor yankeeboy still trying to get a dollar from Argies and not success.
I will be more concern to pay your own debt to China and others international lenders if I would be you that will nuke you if you play the tough boy with them.
Yankeeboy: “It is very near impossible to predict WHEN something will happen but it is easy to predict WHAT will happen”
Jul 23rd, 2012 - 02:31 pm - Link - Report abuse 0Spoken like a true Marxist-Leninist; world revolution still just round the corner then? Or are you more of a second coming person? =)
Argentina needs a Revolution and a firing squad. It is the only way to get rid of the corrupt politicians and union leaders who have ruined that country.
Jul 23rd, 2012 - 02:47 pm - Link - Report abuse 0Unfortunately I don't see it happening anytime soon, democracy is too weak, the population is too dumb and they're too dependent on the current system surviving.
I see CFK allowed another rise in some consumer goods, 9% which will take effect immediately and probably won't show up in the INDEC numbers. I really think inflation will be closer to 50% than 30% this year.
@46 - Dany
Jul 23rd, 2012 - 03:32 pm - Link - Report abuse 0The facts speak for themselves. Argentina is heading into a recession with nearly 37% inflation. Now I know you have a hard time with figures, but this is bad Dany, very very bad. It means stagflation and hyperinflation. It will take Argentina years to recover from this, longer than the last time your country went tits up.
By the end of the year Argentina won't be able to afford a simple weapons system, let alone a complex one.
The comparison to North Korea is valid, because Argentina has no VALID reason to pull out of the nuclear non-proliferation pact, and there WILL be sanctions against you.
Poor Argentine consumers. They are having a hard enough time getting hold of iPhones, iPad, tablets etc because of CFKs bizarre economic policies, but if the world put sanctions on Argentina you can forget washing machines, computers, telephones, weapons, infact anything that you could use to develop the technology to make nuclear weapons.
And should Argentina somehow succeed (unlikely as you haven't the money to develop these systems), Brazil and Chile will apply to cede from the NNPT and they WON'T have sanctions against THEM as Argentina will perceived as a viable threat to them.
Then Chile and Brazil will trade for all the best equipment to develop their weapons systems.
So much for Argentina wanting to South America to be nuclear free.
By the way Dany, if Argentina develops nuclear weapons remember that if you use them, the other side will also use them. No more Argentina. Oh but I forgot you're a military genius, aren't you? HAHAHAHAHAHAHAHAHAHAHA!
49> Poor Argentine consumers. They are having a hard enough time getting hold of iPhones, iPad, tablets etc because of CFKs bizarre economic policies
Jul 23rd, 2012 - 03:37 pm - Link - Report abuse 0You can add disposable diapers,books, dialysis, syringes, HIV and Cancer meds, dental products etc etc to that very long list...it's not just current computer equipment IT IS ACTUALLY STUFF PEOPLE NEED TO LIVE!!
Buy sugar
YANKEEBOY.
Jul 23rd, 2012 - 08:55 pm - Link - Report abuse 0You gave me the same stupid advice two years ago, but the reality one more time showed that your predictions are even less reliable than the indec, or than your so loved private analists. You insist with your ignorant critics against the nationalization of the pension sistem, and omit that in 2008 the fund was of 80000 million dollars, and now it's 120000 millions dollars. The funds of the anses not only assure two rases in the salaries of the retired people, they also help to fund a lot productive projects around the country. Anyway, you and i wont never agree with this decision that c. f. k took in 2008, because it's a metter of different ideologies, luckilly you and i have very different ideologies, but the point is to have enough intellectual honesty, in order to recognize if most decisions that c. f. k took, could help to improve the situation of millions of us who were in a very vulnerable situation. On the other hand, i don't deny that she committed mistakes too, but most her decisions were correct.
Beside, i know that you will always insist with your best argument, i mean the high inflation level that we have, but i already explained in planty of oportunities about the true reasons of that problem, and said also why it will take many years to solve it.
On the other hand, i insist with something i said in one of my comments, you make fun at our situation and our problems, and criticise the policies that our government took, like if your u. s. a were going a thriving economic time, that shows noy only your hipocrisy but your high level of miserability. I would never make fun at the situation of any country, not only because i suffered 10 years ago, what those countries are suffering now, but because i'm not such a miserable person either.
Axel, Show me where Anses has U$120 Billion in assets. Show me the audited report. Whatever the gov't puts out is as reliable as INDEC. And just so you know Anses only has worthless Rg bonds and a few RG stocks left. All of the hard assets have been stolen.
Jul 23rd, 2012 - 09:09 pm - Link - Report abuse 0BTW you never answered how do you keep yourself clean on U$475/mo?
Do you think you'll be making less than U$300/mo by the end of the year? I do.
It's ok for some people,who believe they are chosen, to comment like members of world bank or the monetary fund,you know experts that never saw fanny Mae and others get into the situation the west has created,on what will happen in Argentina at some point in the future,but what do they really know.
Jul 23rd, 2012 - 09:14 pm - Link - Report abuse 0Stagflation when it first arose was addressed by monetarism and it's abuse of citizens.That was a brilliant method of economic policy.Common sense really.
Now these people don't explain how we all got where we are today
Ireland fought hard enough for its independance as did Argentina.Why have they sold out to international finance.Will they retain their independance or not.
The USA is spending far more public money on weapons than any other country.Is that because they,the ruling elite,are the benefactors of the world, or because they are the oppressors who control development in their interest.
Who are the stupid people,those who support their oppression,or those who resist.South America is not prepared to lie down to the elites this time.
53 Yuleno
Jul 23rd, 2012 - 09:27 pm - Link - Report abuse 0The two fannies were stuffed by Obarmy when he was in the Senate, nothing to do with the west, we just bought the crap after they told us it was OK.
What he did was to force a bill through the ststem that forced the two fanies to lend to subprime recepiants - just like Brasil is trying to do now.
When these poor devils lose some of their income they find themselve totally unable to pay the mortgage, hence the defaults. These people were of course predominently coloured.
The USA is spending far more public money on weapons than any other country.Is that because they,the ruling elite,are the benefactors of the world, or because they are the oppressors who control development
Jul 23rd, 2012 - 10:38 pm - Link - Report abuse 0It's actually Yes to both if my understanding of your poor English is correct.
@LEPWrong
Jul 24th, 2012 - 11:33 am - Link - Report abuse 0Recession: British definition “defined as 2 successive quarters of negative growth”
So by this definition you would have to wait at least 4 months with negative GDP growth to affirm that an economy is leading to recession.
As far I know Argentina doesn’t even had 1 month of negative GDP growth even 0,001% is growth so stop talking rubbish again pleasssssse.
“but if the world put sanctions on Argentina you can forget washing machines,”
May be that is the reason that yesterday was open a new factory of washing machines that will make 320.000 units?
Oh! Poor LepWrong he cannot find anything real to make his point.
http://www.saltanoticiasinfo.com.ar/noticias/nacionales/nueva-planta-de-lavarropas
Here for you: “The policies of IS allows to have national industries supply the 100% of the domestic market...While in 2003 only the 30% was supplied by national Industries...”
“computers, telephones”
Notebooks (Laptops), Cell phones (mobile phones) already made in Argentina since... may be 2008? I don’t remember now.
“infact anything that you could use to develop the technology to make nuclear weapons”
Uranium mining (done), Gaseous enrichment plant (done), expertise nuclear physics, etc (done), space technology (done), plant of solid and liquid fuel (done). Guide system (done)...
So tell me what tech are you going to not sell to Argentina owned by UK?
Ah! washing machine ultra secret tech made in UK I see now the danger...
Bloody ‘ell
“Dany, if Argentina develops nuclear weapons remember that if you use them, the other side will also use them”
Have you ever heard about ABMs? If we are going to spend lets do it well.
By the way do you have any ABMs in little Britain?
I guess not and you never will...
Dany,
Jul 24th, 2012 - 12:38 pm - Link - Report abuse 0The Arg economy wen into recession Nov 11. An IMF audit will confirm it sometime next year once it is completed.
What about syringes, Medical gloves, HIV and Cancer Medication, jet fuel...Arg doesn't make any of those items. Can't stop all imports now can you?
Have they stopped dialysis in BA yet? I heard the centers are bankrupt because CFK owes them over $40MM!!
Exports fell 10% last month...
Buy sugar.
56 DanyBerger (#)
Jul 24th, 2012 - 01:01 pm - Link - Report abuse 0”Notebooks (Laptops), Cell phones (mobile phones) already made in Argentina since... may be 2008? I don’t remember now.”
No Dany, they are ASSEMBLED in Tierra del Fuego, not made, all the parts come in kits from China.
As of 2 months ago more than 4.000 jobs were lost in TDF because of Moreno's import restrictions!!!!!
#54 Freddie mac is it?.Dont you think that Fanny and Fred were a manifestation of a deeper problem of capitalism.Velocity of capital circulation?
Jul 24th, 2012 - 01:17 pm - Link - Report abuse 0#55.If you have to guess the question because of arkward grammar,you answer is therefore a shakey answer.But this is what comes natural to you.If you don't know the question,how can you answer.You need clarification,dont you.
Therefore,what was the question you were saying yes to.
By the way,shortage means there is not enough rather than none at all.Similar to the freddie / fanny business.There wasn't enough jobs or money,or perhaps it was a surplus of lending.
Still, Circuit Judge Rosemary Pooler, referring to Argentina's financial troubles over the last decade, asked rhetorically: “Why would anyone who can read ever lend money to Argentina?”
Jul 24th, 2012 - 01:47 pm - Link - Report abuse 0Argentina is still fighting the holdouts from 2002 but this is a GREAT QUOTE from one of the judges!!
bahahahahaaa
@56
Jul 24th, 2012 - 02:42 pm - Link - Report abuse 0Actually Danny we do have anti-Balliastic missiles. They are in the form of the 'Aster Mk 30 Missile.' But of course we have all the latest electronic countermeasures that all nuclear nations have as well. Next question?
@49
Jul 24th, 2012 - 03:11 pm - Link - Report abuse 0“The comparison to North Korea is valid, because Argentina has no VALID reason to pull out of the nuclear non-proliferation pact, and there WILL be sanctions against you.”
Actually YOU are the most perfect reason as to why Argentina should pull out of the nuclear pact. Pulling out does not necessarily mean building a bomb would ensue, it would just mean pulling out of an agreement that keeps countries like you with an unfair geopolitical advantage.
@yankeeboy
Jul 24th, 2012 - 03:18 pm - Link - Report abuse 0http://www.mediglove.com.ar/mediglove/ar/products.html
YPF jet fuel
Syringes
http://www.mediglove.com.ar/mediglove/ar/products.html
Oncology Medicines (cancer medicaments)
http://www.mediglove.com.ar/mediglove/ar/products.html
Here Her Highness Queen Cristina in the opening of a new plant of cancer medicaments of 20m dollars
http://www.mediglove.com.ar/mediglove/ar/products.html
She is not really cute? I cannot wait to see her majestic and Der Präsident Hugo together in the opening of a new nuke factory in Cordoba. Oktoberfest plus nuclear weapons who can ask for more?
http://www.mediglove.com.ar/mediglove/ar/products.html
@Simon68
Oh! Dio
You are like those diseases that not antibiotic can ever cure...
Do you know Dell? What she does in US?
She assembles computers. Like all computer manufactures does on these days in the world.
How do you think a computer is made? All parts comes from East/Asia, motherboards from Korea, Chips from Israel, HD from China, Flat screen from Japan, China, electronic components from Malaysia, Singapore, etc, etc.
None makes a NB or what ever from scratches is not economic viable or you will end with a computer of USD 10k that even not your mother will buy from you.
Welcome to globalisation this has started and going on since the ’70 open you latest US electronic stuff and read where the component come form.
Is what I was explained to you all the time.
The business is not to make resistors, little electric motors, capacitors, etc otherwise to buy them from China make a good looking functional product with good packaging some marketing and sell it to a premium market with a profit margin of 500%.
Can you tell me why you always want to be in the bottom of the add value chain? Is cultural? Necon Indoctrination?
Now apply the same logic to the farming business and may be you will stop to complain.
@Conor
You don't have stop cheating yourself sorry not more chars...
YPF jet fuel..bought from the USA you don't have the technology to make it.
Jul 24th, 2012 - 04:05 pm - Link - Report abuse 0Syringes
www.pmd-sa.com.ar/home.html Do you think 95 people can supply ALL OF ARGENTINA!!
http://www.fadapharma.com/areas/productos.php?area=productos&seccion=lineas they make 4 cancer drugs...what if you need something else? CFk's solution is to just die?
I wonder if all of these products are made in Arg the hospitals have less than a 7 days supply on hand...curious very curious
I say you are correct keep all the medical supplies out and let's see where you are in 3 months.
retard
@56 - Dany
Jul 24th, 2012 - 05:54 pm - Link - Report abuse 0Poor deluded Dany
”Argentina conducted a nuclear weapon research program during the National Reorganization Process regime. Government officials at the time confirmed, in November 1983, that research carried out at the Balseiro Institute's research reactor had yielded the capacity for weapons-grade uranium enrichment.[1] The program was abandoned, however, shortly after the return of democracy, on December 10, 1983. In 1991 the parliaments of Argentina and Brazil ratified a bilateral inspection agreement that created the Brazilian-Argentine Agency for Accounting and Control of Nuclear Materials (ABACC) to verify both countries' pledges to use nuclear energy only for peaceful purposes. On February 10, 1995, Argentina acceded to the Nuclear Non-Proliferation Treaty as a non-nuclear weapon state. Argentina continues to use nuclear power in non-military roles, and is noted as an exporter of civilian use nuclear technology.
In 2010, the government announced that it would start working in the creation of a nuclear submarine.[2] Those types of submarines only use atomic energy for propulsion. The announcement was highly criticized by politicians from opposing parties.[3]”
http://en.wikipedia.org/wiki/Argentina_and_weapons_of_mass_destruction
So no you don't. No money, no weapons, no chance of developing them without both Brazil and Chile also developing them and aiming them AT Argentinq, because you are so untrustworthy.
No matter what your 'wishful' thinking is it won't change reality. Yes Dany, reality is that thing that you keep avoiding.
Argentina is so deep in debt with nearly 37% inflation and a recession. Your country is not building expensive nuclear weapons, you'll need every cent to just to feed yourselves.
You are constantly digging yourself deeper with your delusional posts. It's quite entertaining.
Deep in debt? Talk about delusional posts, you are totally off the reservation... and it's all Argentina's doing that brought you to the range. Love it how you brits are going insane over us.
Jul 24th, 2012 - 06:02 pm - Link - Report abuse 0#60(+64)
Jul 24th, 2012 - 06:10 pm - Link - Report abuse 0You are lowering ? your standards.A Yankee circuit judge is the final word on financial matters?Off the mark there arn't you or clutching at straws.
Your comment on shortages or absence of products reveals a lack of depth.Perhaps like Leprecon you can read Wikipedia and tell me that what they say is the truth,whole truth ect,but I know different
@67
Jul 24th, 2012 - 06:14 pm - Link - Report abuse 0Good obseravation. I was wondering how Lepricon sounded so familiar, he is non-other than yankeeboy as a lad. Either that or they both read “Nuke Argentina Daily”, and get their talking points there, because they sound identical.
Clarin, Tn.com Lanacion and Buenos Aires Herald is where I get my info plus my friends who live there.
Jul 24th, 2012 - 06:41 pm - Link - Report abuse 0It helps that I am not a brainwashed/brain dead Rg. I have actually traveled to other countries and lived in yours for many years. I know what I speak. Unfortunately I need to go to BA in Nov I think...ugh I don't want to though. I think it will be awful by then...
Yankeeboy get his information from News Corp and a paper that represents an ethnic minority,some like minded friends and personal observation.Now there's some solid scientific methods?
Jul 24th, 2012 - 08:47 pm - Link - Report abuse 0You claimed to be coming to Argentina in March as I recall,Yankeeboy,but that didn't materialize.Are you confident that there will still be flights in Nov,or don't the papers, your friends or personal experience help you to know with still 4 months to go.
Please keep in mind that your soucres of information should not be relied on too heavily,and that some interpreting and situating facts could help you to understand other viewpoints.
Sure, Clarin lies! I heard it all before...try another that one is getting really old.
Jul 24th, 2012 - 10:28 pm - Link - Report abuse 0Whats that sound? Oh yes denial from our Argentine friends.
Jul 24th, 2012 - 10:43 pm - Link - Report abuse 0As for Dany as ever he provides amusement in his posts about Argentina's military ability which has yet to materialise in the real world. Apparently they can build a nuclear weapon and have all of the systems in place, yet back in reality nobody believes its possible except for poor old Dany. I believe Argentina could build a nuclear weapon as long as it could borrow about 150bn and seek external help, short of that its something that only is reality in Dany's head.
Poor guy.
@72
Jul 25th, 2012 - 01:00 am - Link - Report abuse 0Funny thing is the UK budget problems could significantly be ameliorated by scrapping your nukes, and their maintenance (if they are maintained), costly facilities, security, intelligence, etc, yet you won't because of some 3rd world-worthy penis envy stare-off with the Frogs.
Talk about pathetic miopia from Les Rosbifs.
@yankeeboy
Jul 25th, 2012 - 06:28 am - Link - Report abuse 0Dear idiot I will not post all the companies that supply the market.
What for?
And these industries have a lot of modern automated machinery where humans only supervise the machines or do you think a plastic syringe is made by hand?
You said that Argentina doesn’t produce this stuff (Lack of tech) I just only wanted to prove that yours posts are just rubbish.
Casa Pi-Ro S.A
Uspallata 3074 - Buenos Aires - Argentina - ( C1437JCJ )
Founded in November 4, 1949
With 2 factories plants in Argentina and 1 in Brazil and exports to the rest of the world including US. Brand PREXAJET.
http://www.hellotrade.com/casa-piro/disposables-prexajet-syringes-and-needles.html
BD from US also has a factory in Argentina. And in a directory a found more than 10.
“they make 4 cancer drugs...what if you need something else? CFk's solution is to just die?”
Again Yankee idiot the same above Argentina has more labs than UK would you expect from me to make a research to find what produce each one?
“I wonder if all of these products are made in Arg the hospitals have less than a 7 days supply on hand...curious very curious”
I have no idea of this but ask Macri no me.
And for the Paraffin Kerosene JP1, JP4, JP6 or JA1, etc. YPF holds the 61% or the market while shell 18 and Exxon 21% in ARG.
So before posting rubbish think a little bit before will not harm your brain.
But what such a moron you are in US the unique hospital for Tuberculosis (Koch Bacillus) in Florida was closed due to budget problems and now you the worst DKB outbreak in 20 years.
http://www.hellotrade.com/casa-piro/disposables-prexajet-syringes-and-needles.html
So you will have to go to Cuba, Venezuela, Brazil or Argentina to get proper treatment.
Idiot.
And btw why are coming to Argentina?
To find a job to clean toilettes? or to teach bad English with Mexican Accent?
@LepWong
You always Wrong but what can we do?
DanyBerger
Jul 25th, 2012 - 11:06 am - Link - Report abuse 0Argentina has more labs that the UK? You really are a clueless cretin, aren't you. You haven't got a clue what you are talking about and just spew whatever banal shit enters that deluded little braincell of yours.
Yankeeboy,who said Clarin prints lies.Who said any newspaper prints lies?
Jul 25th, 2012 - 01:36 pm - Link - Report abuse 0Stay on the road and don't cut down the alleys.To learn the truth can only be beneficial.To continue with prejudiced belief is not advantageous.
#75 You are clearly English.
You just spew whatever banal shit enters that deluded little braincell of yours.
You wrote and it wasn't addressed to yourself,when clearly it applies to your colonial frame of mind
“those were the days my friend”
Those are the days that have gone,and you lost them with your attitude.
@74 - Dany
Jul 25th, 2012 - 07:10 pm - Link - Report abuse 0What is it like to be continuously making a fool of yourself all the time?
Argentina is getting flushed down the toilet by your 'Dear Leader' and fools like you stand back and applaud her for it.
What would happen if a socialist argentina were established in the middle of the Sahara desert?
Jul 25th, 2012 - 08:38 pm - Link - Report abuse 0Within three years, it would have to import sand.
@78
Jul 25th, 2012 - 11:39 pm - Link - Report abuse 0LOL, a lot.
@Yomp to victory
Jul 26th, 2012 - 06:39 am - Link - Report abuse 0Another flag waiver?
Argentina has more than 300 labs (just medicament makers) plus 450 Drugs maker & importers “droguerias” which supply labs with base drug to make medicines. Plus pills makers (the capsule used in medicaments).
What do you have in UK offices of multinationals labs that imports into uk and some Generic medicines makers because 67.4% of medicines provided in UK are Generic stuff (cheaper drugs) so like this NHS can afford the bill in Britain.
22 Labs that are members of the BGMA (The British Generic Manufacturers Association) account for around 85% of the UK generics market by volume.
So the other 15% is supplied by others.
http://www.britishgenerics.co.uk/
So having offices of multinationals to rise capital in London is not the same as Lab medicines producers with factories there.
@LEPWrong
Its feels so good especially when retarded like you speaking from their @sses and spitting BS all the time make your best show off of complete ignorance.
You have to partner with the retarded above both make a good couple sure both are the best client of The Sun and your local pub in town.
Ah! guys I can see you hitting your chest like monkeys in the pub while shouting louder “Yeahhh we Brits, we can” We can wa shit?
Again what you were doing in the army cleaning toilettes or serving coffee?
Anyway don’t be sad after all you are English is not your fault.
#80
Jul 26th, 2012 - 10:21 am - Link - Report abuse 0Last time I looked 2 of the top 10 parmaceutical companies were British.
Not a sign of an Argentinian one.
As for the size of the industry here is a libnk to Wiki
http://en.wikipedia.org/wiki/Pharmaceutical_industry_in_the_United_Kingdom
and a link to a UK government paper
http://en.wikipedia.org/wiki/Pharmaceutical_industry_in_the_United_Kingdom
and from the industry itself
http://en.wikipedia.org/wiki/Pharmaceutical_industry_in_the_United_Kingdom
All this talk of technology and manfacturing prowess is moot anyway, it's not about whether you CAN make stuff, spend enough money and you can make anything, it's about whether it's ECONOMIC to make stuff.
Jul 26th, 2012 - 12:02 pm - Link - Report abuse 0I've seen experimental industrial projects like that, they work just fine technically but never get past the experimental stage for one simple reason, they're not economical.
#81
Jul 26th, 2012 - 04:03 pm - Link - Report abuse 0Argentina always had many Pharma labs there. I mean.....where do you think the real pharma companies send there experiments to when civilized regulatory agenies deny human testing.......SA.
Obviously,judging by these posts,if Argentina went into recession and had negative growth,rather than,as the original article highlights,lowered growth rates,there would be some happy people posting here.
Jul 26th, 2012 - 09:56 pm - Link - Report abuse 0If the UK,the USA and Europe misjudge the situation they are in(recession in some cases),and revise down their own growth rates,it will impact on Argentina as well as Brasil and other countries.Perhaps these 'leading' countries ought to come clean and tell their own electorate what they expect them to suffer to get finance capital out of the mess they created.
Like the UK wants to distance itself from Europe's problems,Argentina wants to protect itself from the unreliable forces of global capital.
Perhaps some of the wise ones on here can tell me if any large British drug company is owned by British capital or just headquartered in Britain?
There is a dirty little doctor in Cordoba City who has been injecting human stem cells into people for years. He won't say where he is getting these human fetal cells and he wouldn't grant me an interview. I just assumed from the police guard he had in his clinic that he has support of the government
Jul 26th, 2012 - 09:58 pm - Link - Report abuse 0@Yuleno
Jul 27th, 2012 - 02:41 am - Link - Report abuse 0The companies that Redrabs is talking about are not British only keep a name or a headquarter for financial proposes in London because London is a financial hub.
They call themselves global companies having labs all over the world.
In each web site of different countries they present themselves as national industries correspondent to the country host.
Here and example of it:
GlaxoSmithKline started its activities pharmaceuticals in the country since 1922 under the name of Ch. C. Richardson, turning like this into one of the older companies among the Argentina industry.
http://www.glaxosmithkline.com.ar/destacados.html
As you can see that is an etire lie because there was any GlaxoSmithKline company in 1922 because GSK was funded in the year 2000.
GlaxoSmithKline for example is a merge with Smith Kline and French Laboratories plus a company from Philadelphia John K Smith & Co and a Belgium company plus Glaxo & Welcome UK
Astra Zeneca is similar example a Merge of Astra AB (Swedish) and Zeneca (UK)
A guess that the BritBoys will find extremely harder to find a truly British company owned by Mr. Smith without having the whole world as shareholders telling him what to do. Ha ha
@Zhivago
And can you tell me from where Glaxo skincare division get the cell from placentas that uses in some of their skin cream products?
Danny
Jul 27th, 2012 - 05:31 am - Link - Report abuse 0Sheep, ovejas.......
#86
Jul 27th, 2012 - 07:22 am - Link - Report abuse 0Why would we count representative offices into our GDP?
You really do not get it that we have first class Universities turning out leading research chemists who invent the drugs which are made in Britain.
So then how many world class universities do you have.
BTW I went to Bristol University which is ranked number 30 in the world and guess what my degree is in chemistry.
@Zhivago
Jul 27th, 2012 - 11:27 am - Link - Report abuse 0The therapy by using sheep cell from placenta has more than 50 years in Europe and Cytobiopharm AG is one of the labs that refine, split and freeze-drying cell.
No proved to regenerate human tissue of can cure human diseases like may be from stem cell from humans.
But in the later ’90 French and British companies were caught importing illegally placentas from abortions made in Russia to be used on well branded products for anti-age creams market. This was a big scandal.
Do you think that they have stopped or they have found another less high profile source?
Anyway I’m planning to set up factory of shampoo for men loosing hair and going bald.
I will use horse sperm (don’t laugh because someone use it) I have no idea if that is going to work but certainty the remaining hair over the head of the poor guy will stick well preventing further falling.
What do you think would be a good business Dr. Zhivago?
@ ReTarded boy
You degree can be on chemistry but the R&D headquarters in Europe of Astra Zeneca is not in UK otherwise in Södertälje and has another R&D in Mölndal all in Sweden and also another in Bangalore India.
Anyway can you prepare me some decanato of testosterone and some dehidroepiandrosterona?
I want to make an experiment with my dog.
Do you think that will accelerate the synthesis of the protein in my dog and become bigger?
Is a Chiguagua and I want a German shepherd. Any help?
Something I do love about Argentina and that is the quality and efficacy of their marijuana, Danny I think you have been over-indulging!
Jul 27th, 2012 - 12:33 pm - Link - Report abuse 0#89
Jul 27th, 2012 - 01:14 pm - Link - Report abuse 0Sweden is psrt of Astra Zeneca's R&D effort
Quite a lot is in the UK
http://www.astrazeneca.co.uk/cs/Satellite?c=Page&cid=1285581201745&pagename=astrazeneca_uk%2FLayout
They have several partnerships with UK universities and although I no longer work in Chemistryas a donor to my alma mater I attended a seminar this year where research funded by industry particularly the oil and pharmeceutical ones.
With regard with your strange request you will be aware that testosterone is a banned substance under the rules of the Olympics so I have informed WADA and Crufts
@ReTarded
Jul 28th, 2012 - 12:35 pm - Link - Report abuse 0You said those 2 companies were British I showed you that is not true because are global companies and have shareholders all over the world.
Then you say that in UK bla, bla Unis in Britain bla, bla Drugs made in Britain more bla bla.
Zeneca was a company producer of pigments, masterbachs for the textile and plastic industries and a pesticide producer. And they got into the phama business thanks to the acquisition of an American company “Salick Health Care” (cancer research centre).
“Sweden is psrt of Astra Zeneca's R&D effort”????
AstraZeneca AB
Västra Mälarehamnen
AstraZeneca Nordic Headquarters
Karlebyhus, Astraallén
AstraZeneca R&D Mölndal
Pepparedsleden 1Mölndal
AstraZeneca R&D Södertälje
Västra Mälarehamnen 9
AstraZeneca Sweden Operations
Kvarnbergagatan 12
AstraZeneca Swe Ops Tablet Production
Packaging UmeåBox 318 Umeå
Våra medarbetare
“Vi har fler än 57 200 personer medarbetare världen över. Bland dessa ingår 7 700 personer i Storbritannien, 7 600 i Sverige, 9 700 i övriga Europa, 17 400 i Nordamerika och Sydamerik och 14 800 i Afrika, Asien och Oceanien.
Kring 11 300 personer arbetar i vår FoU-organisation och 9 600 arbetar på våra anläggningar för produktion.”
http://www.astrazeneca.se/pressrum/korta-fakta
According to what says above the total personnel of Astra Zeneca is 57200, 7700 in Britain 7600 in Sweden, 9700 in the rest of Europe, 17400 in North and South America and 14800 in Africa, Asia y Oceania.
And 11300 are involved in R&D and 9600 in factories or labs in production lines.
An the rest of 36300??? Financial sector perhaps???
So in North and South America there are more employees than in Sweden and Britain together.
What do you think are they doing?
In the page you provided me says:
“All our UK operations have helped to contribute £4.5bn annually to the UK economy.”
Astra zeneca total revenue US$33.59 billions and the rest??
Can you see anyone in the list of 100 locations can claim that is from his/her country.
Exactly right Danny,but it seems that to the colonial mind,multinational sell globally and the owner is still the Brit pioneer(colonialist).
Jul 28th, 2012 - 08:28 pm - Link - Report abuse 0This is what they can't accept because they've lost their empire and don't want to lose their companies.Then they would have to accept that they are no better than everyone else.They need to wake up to reality
@Yuleno
Jul 29th, 2012 - 07:25 am - Link - Report abuse 0I guess you cannot blame them because the British politician and the media in UK all the time tell them how great UK is and always like to make comparison with US as if they have something to compare with.
Just one employee in a company having 20.000 is enough to make a good story about how Britain had contributed to the world or to say that is a British company.
I guess that David Guetta was thinking on British idiosyncrasy when he mixed “The world is mine”.
http://www.youtube.com/watch?v=QSwilU0kJF0
: )
They won't be listening any longer DB.
Jul 29th, 2012 - 12:20 pm - Link - Report abuse 0;-)
Nobody was ever listening
Jul 29th, 2012 - 04:03 pm - Link - Report abuse 0@96
Jul 29th, 2012 - 06:46 pm - Link - Report abuse 0lol Quite true, cheesy berger isn't worthy of a respose to all his dribble. Though Yuleno & SussieUS come a very close second.
96 &97
Jul 29th, 2012 - 08:19 pm - Link - Report abuse 0And on the subject of the article,you have no comment.Or is it that you have nothing worth contributing.
Something I do love about Argentina and that is the quality and efficacy of their marijuana, Danny I think you have been over-indulging!
Zhivago
But who is Ken Ridge.A proof reader?
@DanyBerger
Jul 30th, 2012 - 02:09 am - Link - Report abuse 0As none is listening and I’m not even worth to respond I will talk with myself.
Do you know Danny that British are like those cranky and bad educated litter girls.
Really Danny?
Yes Danny they always want other girl’s toy. Even if you tell Little Britain that the Islands are not her toy otherwise Argentina’s toy.
No, no, no Uncle Sam and world the Islands are mine, No Little Britain are Argentina toy.
Hummm I will listening and talk to you any more Uncle Sam and world. I’m note listening la la la la I will not reply you la la la.
http://www.crankygirl.info/blog/images/stories/cg.gif
Wow Danny and why they are like that?
Here a good explanation Danny.
Plastic makes little girls cranky http://www.crankygirl.inf
Thank you Danny I will read it and will comment later.
99 Danny-boy
Jul 30th, 2012 - 02:21 am - Link - Report abuse 0Who is Ken Ridge? Next time I am in Argentina can we get together so I can try some of your marijuana?,,, I'll even pay for it!
@Zhivago
Jul 30th, 2012 - 05:19 am - Link - Report abuse 0“Who is Ken Ridge?”
I have no idea may be is this guy that sales wine in UK.
http://www.kenridgewinekits.co.uk/
“Next time I am in Argentina can we get together so I can try some of your marijuana?,,, I'll even pay for it!”
ha ha ha
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