MercoPress. South Atlantic News Agency
Argentine grains futures market in shock: government wants operations in Pesos
Argentina could require that grains futures be listed in the local Peso currency the head of the central bank said on Friday, a move that traders said would paralyze markets in the leading global food supplier. Read full article
Comments
Disclaimer & comment rulesWell done, Cristinita.....you´r achieving your goal...to put Argentina on the bottom....again !!! But your pockets full......!!!!
Jul 28th, 2012 - 01:37 pm - Link - Report abuse 0R.I.P. Argentina....sorry, neighbors.
If you wants it, we can lend you some Piñera's boys to reconstruct your country in the shortest time possible after you send Cristinita back home to learn cooking, cleanning, ironing, etc. May be she can do those works pretty well after a hard and long trainning......At the moment she has demonstrated that there is just one task she can run fully good: to sink its own country.....!!!
Very sad, Argentina´s government does not understand that the very foundations of an economy are trust and predictability. If am unable to lock in the price of Soy or of products I will be purchasing or producing within one year, then I will not be able to project any future revenues from my investment. I might as well take my money somewhere else.
Jul 28th, 2012 - 02:05 pm - Link - Report abuse 0Well JoseAngel the puente San Martin is still open - for now anyway
Jul 28th, 2012 - 02:41 pm - Link - Report abuse 0Unbelievable, even for CFK's administration.
Jul 28th, 2012 - 02:49 pm - Link - Report abuse 0Great move, it's about time Argentina finally starts supporting Argentina, no other nation would list their wealth in pesos someone has to do it if we want the peso to go up. Everything in Argentina should be priced in pesos. We love CFK because she truly works for Argentina. I voted for her and would do it again in a heart beat. Thanks but no thanks outsiders.
Jul 28th, 2012 - 03:23 pm - Link - Report abuse 0@5
Jul 28th, 2012 - 03:53 pm - Link - Report abuse 0You are stupid. Or weak. Or both.
Yes the system works doesnt it? Thats why after all this time and all the opportunity Argentina has it still hasnt managed to stabilize into a viable democracy and economy nor improve on the lives of millions of Argentines that live in crushing poverty.
Whats the excuse and how much more time does the peronist system need? Really, people like you are the cancer to Argentina's well being.
#6 We are making things better for Argentine's, no more loans from IMF, no more addiction to dollars, no internal opposition to change, no outsiders influence. No pressure from corrupt organizations, you should be happy for us this steps to bringing up national values are just what is need to handle our own affairs in Argentina. Without anyone's help. I am looking forward to buying grains in pesos after all this is Argentina not USA, does USA or UK quote their grains in pesos?? If no, Now keep your bias opinions to yourself.
Jul 28th, 2012 - 04:24 pm - Link - Report abuse 0-No man is an Island-
Jul 28th, 2012 - 04:54 pm - Link - Report abuse 0Argentina NEEDS resources, to trade and to have good trading relations internationally. The trick is to export as much as you import. If a country can do that then there is absolutely no need to worry about importing goods and especially resources to make goods. This is basic economics.
Even to make the humble pencil you need
lead/graphite
wood
rubber
metal
ink
Does Argentina have ALL these and if so would it be possible to produce at a reasonable price?
So you can (or maybe you cant) imagine the diversity of resources needed to make a washing machine, an electric oven, computer, medical equipment, cel phone, TV, car ETC ETC!
If you want to live a primitive hunter gatherer lifestyle and die at 40 thats fine but don't expect that everyone else should...
The system is deliberately restricting international trade to restrict the economy. Peronism requires a poor dependent majority voter base which is why Argentina never manages to progress beyond a certain level before crashing yet again. If there was a majority middleclass voter base in Argentina such as in Germany or Scandanavia etc Peronism simply wouldnt be able to exist. Simple as that.
I wonder how much grain one person will buy? Surely Argentine needs to export grain and if you trade internationally you need to do it in a stable currency.
Jul 28th, 2012 - 05:02 pm - Link - Report abuse 0#7 I agree with you that we should leave Argentina to decide its own affairs and also to live with the benefits or consequences of such decisions. It won't be long before we see what CFK's decisions do to her country. As you stated, there is no more opposition to worry about so all the choices made are by the current administration. Should Argentina's economy prosper or fail, or go to war over the 'Malvinas' and win or loose, it will be attributed to CFK and the ideology that she represents; socialism/peronsim.
Jul 28th, 2012 - 06:26 pm - Link - Report abuse 0@10
Jul 28th, 2012 - 06:44 pm - Link - Report abuse 0Oh, but the world won't leave us alone. They want to force their way upon us, and we wan't nothing to do with them.
Argentines we are isolationists, we don't see any benefits from getting too involved with outsiders.
In the absence of dollars and a credible and stable local currency that is not affected by sky rocketing inflation, perhaps argentinians should try to put their pesos into durable goods, they will come handy in a rainy day.
Jul 28th, 2012 - 06:54 pm - Link - Report abuse 0How does a futures contract for a commodity work in Pesos if everyone knows the peso will be drastically devalued shortly? Why in the world would anyone commit to so many variables?
Jul 28th, 2012 - 07:14 pm - Link - Report abuse 0I get the feeling she is deliberately trying to get to hyperinflation and a depression. I can't think of any other reason a sane person would make these decisions!
#11 but the outsides can't live with out Argentina, why do you think they come here day in and day out.
Jul 28th, 2012 - 07:43 pm - Link - Report abuse 0#12 Argentine's could always buy gold, but only pesos could buy grains and meat, don't worry there is more then one way to skin a cat.
#13 because Pesos is the only legal tender that why.,
Foward bought contracts usually agree a price for something (say soy) at a future date.
Jul 28th, 2012 - 07:55 pm - Link - Report abuse 0Some questions:
1) How can the supplier stand by the struck price when the posos is subject to skyrocketing inflation? He cannot, he would go out of business.
2) How can the buyer have confidence that his deal will be fulfilled? He cannot due to the obvious risks on the exchange rate. No-one but Argies are going to use the pesos for the forseeable future, the real world deals in real currencies like the US dollar.
Ahh!. I see it now, The Mad Bitch Of Argentina is going to trade in commodities: Argie soy for Angola oil (as YPF is not going to work anytime soon).
Makes perfect sense. Ha, ha, ha. :o)
Between this and the Oil Investment Regulations - is there anything left for CFK to destroy Argentina?
Jul 28th, 2012 - 07:56 pm - Link - Report abuse 0@11 No, the people Argentine owes money to want paying and the Falkland Islanders want to be left alone. That's all.
Jul 28th, 2012 - 07:58 pm - Link - Report abuse 0And, just for the record, YOU are an isolationist and some Kirchnerites seem to be but you do not speak for 40m people. I know many, many Argentines that think the complete opposite to you. They want to be part of the world not isolated from it.
@10, @11
Jul 28th, 2012 - 08:01 pm - Link - Report abuse 0Who is forcing you to anything? Most other countries would prefer to have nothing further to do with Argentina. Isolationist? not when it comes to interfering in the affairs of her smaller nieghbours like Paraguay and Uruguay. So
1. Leave the Mercosur so that that putrescent corpse can be given a decent burial
2. Leave the G20 group of nations where you have nothing either to give or receive
3. Cut all ties wth Brazil, Chile , Venezuela and Bolivia
4.Leave the United Nations
Close all your ports tointernational shipping -you will have nothing to export or import.Likewise all international air services
5. Close all Argentine foriegn embassies -no more need for them
How bloody daft can you get?
Oh iforgot point 6 LEAVE THE FALKLAND ISLANDS ALONE
If the Rg posters on this board are any indication of the majority of the population they get what they deserve.
Jul 28th, 2012 - 08:03 pm - Link - Report abuse 0Stagflation..hyperinflation...depression
my advice... buy sugar & store in clean dry place, at least you'll be able to trade if for food when the peso collapses.
but most of the loony argies, dont live in Argentina,
Jul 28th, 2012 - 10:02 pm - Link - Report abuse 0thats why they dont really care,
is this not true .
@20 tit telling transvestite, BK and the rest don't care and can't see the obvious, they constantly stick up for botox head, although I believe they can actually see the writing on the wall but refuse / won't to admit it, put pressure on pirat munter and his response is let's nuke the Falklands,(with what i don't know) TTT will change the subject to I don't care leave us alone, BK will rush off with a picture of Botox head and a toilet roll and Malvi will bring up the Chagos, because he can't think of anything else, and you wonder why people can't be arsed with you, grow some balls and kick CFK to the wall before you become a bigger laughing stock than you already are. It's getting pathetic and may I say a touch desperate.
Jul 28th, 2012 - 10:22 pm - Link - Report abuse 0#15 USA and UK where bankrupt before CFK made any changes to our economy get over it. CFK had nothing to do with the world bankrupcy, we cheer her work making the peso our only legal tender. If the peso falls we buy gold as any other investor around the world does, we Argentines don't get payed in Euros or U$ dollars so why would I want dollars?? If I ever want to use dollars as legal tender I will move to USA, thanks for your unwanted help and concern. Move on gals there isnothing to see here, move along,
Jul 28th, 2012 - 10:32 pm - Link - Report abuse 0#16 are you blaming CFK for the austerity in europe?? She is a great president to us in Argentina she was even called protectionist by Europeans for her economic policy. I am confident our president is on the rights track.
#17 those Argentine's who want to be part of the world can travel if they get visas to visit lol, the world doesn't want you, didn't you get that?? Argentina let's anyone in but nobody in USA and UK want you to even have a visa, get off cloud 9 lady how blind can a wetback be.
#18 wrong !! Play again.... You must be referring to Islas Malvinas Argentina because fakland island is a corporate not a country. Www.en.wikipedia.org/wiki/Falkland_Islands_Holdings
#19 typical europids offering their unwanted advise as if anyone cared or asked, then they wonder why we consider them homos and perverts, my advise to you is quit sticking your nose in Argentina and stop killing muslim women and children in Afghanistan, iraq, Libya, syria, somalia, Sudan, and Mali. If you don't maybe you could at least stop arming terrorists in them nations. That's all.
21 slattzzz
Jul 28th, 2012 - 10:47 pm - Link - Report abuse 0after reading 22, you may well be correct .
@22 well pirate munter you have just endorsed all I said at 21, you really are a dickhead, enjoy.
Jul 28th, 2012 - 10:48 pm - Link - Report abuse 0Doesn't PratCrunter usually claim to be in Canada? Maybe I am getting confused.... one dickhead looks like the other after a while.... as the actress said to the bishop...
Jul 28th, 2012 - 11:00 pm - Link - Report abuse 0Buying gold with pesos.... interesting idea....
#24 a homo wouldn't understand what loyalty is. We Argentines voted for CFK and we support her policy very much. And she supports our legal tender, not the US dollar or euro. Now why don't you brits and US stops arming terrorists in Afghanistan, Iraq, Somalia, Sudan, libya, Syria, egypt and mali. Maybe if you stop killing muslim women and children we might listen in Argentina, as it is you have no moral grounds to tell anyone anything.
Jul 28th, 2012 - 11:07 pm - Link - Report abuse 0@18
Jul 29th, 2012 - 01:04 am - Link - Report abuse 0A lot of that sounds wonderful.
Capitalism: It works well with competition, but when there is NONE you get Microsoft, Java and Flash Player.
Jul 29th, 2012 - 02:05 am - Link - Report abuse 0All of whom are 100% are shit if you try to contact them if you have a problem with software THEY have put on our computers and WE no control over, but MUST have.
It is like nations such as Singapore and Norway who I look to: They have Sovereign funds.
My UK government failed to adapt when the Oil revenues flowed. (Using the money towards Unemployment bills and the destruction of the UK manufacturing base was preferable to them as they tackled the unions back then).
The USA, Japan and Germany looked on with glee.
Peso sounds good to me. Demand for pesos anyone?????
Jul 29th, 2012 - 02:28 am - Link - Report abuse 0Good try! Play again! Mr brutish.
www.youtube.com/watch?v=bQk5UnWgqUE
www.dailymail.co.uk/news/article-2179523/London-2012-Olympics-Fury-Welsh-Scots-snub-National-Anthem.html?ICO=most_read_module
Www.en.wikipedia.org/wiki/Great_Stink
www.wakeupamericans-spree.blogspot.ca/2008/04/london-stinks-literally.html#.UBSDZcw9l0s
www.dailymail.co.uk/news/article-2012516/Michael-Gilbert-Kept-slave-sexually-abused-finally-beheaded.html
Www.deadspin.com/5928972/the-haters-guide-to-the-2012-london-summer-olympics
www.guardian.co.uk/books/2012/jul/27/ruins-of-empire-pankaj-mishra?newsfeed=true
I wish you Spanish Colonials very well: It's affecting us in the mother nations also.
Jul 29th, 2012 - 03:19 am - Link - Report abuse 0Modern Capitalism is no longer working. Try to learn how it went wrong and educate others.
Yeah the Arg. Peso has become crap again. Here in Paraguay it does trade at the real value of 6.1 to $1. Great for Paraguayans because buying Argentina's products just became extremely cheap. I'm starting to like CFK; I think a ski trip would be affordable now too.
Jul 29th, 2012 - 03:26 am - Link - Report abuse 0Modern capitalism is banking cronyism. It was not what created your wealth, mercantilism did. Mercantilism is where people trade freely (trully freely, no restrictions, no currency manipulations, no subsidies), worker unions had true power but also didn't receive overly generous government benefits that drain the coffers of government, and businessman who had low taxes and thus more money to risk.
Jul 29th, 2012 - 03:30 am - Link - Report abuse 0Today you have weak labor unions, workers that expect too much from a government that only can make money by taxing, governments that overtax, and businessman who have decided that the only way to improve profit margins is to gamble everyone else's money (not theirs, they have their 'golden parachutes')...
So high taxes, weak unions, overspending governments, crony banks and business... and you wonder why Europe and the USA are in their worst economic shape in 80 years???
Yeap BAMF, but wheat is real pound, dollar or Euro?
Jul 29th, 2012 - 03:43 am - Link - Report abuse 0In the UK we have been lucky as we weren't tied to the Euro: This allowed us to print electronic money: A luxury the Greeks and Spanish don't have.
The world economic system is fucked (broken) to me, but none of our “elite” political class seem to have a solution.
From what I've learnt only 1% of the real economony actually uses banknotes and solid coins. The rest of the economy is based on electronic money.
The rest is based on promissory notes, in an electronic “never never” (Never actually pay that is) form of a promissory note.
In short, it means we people are fucked ubless we alter this bizarre system, as it is the current global form of trading system we “little people” are stuck wuck, and it's shit.
Paraguay does have their own currency, the guaranie. But it is open to trade in any currency or exchange that business so desires. Want to buy a car with gold, sure why not. Got Euros, those work just fine. It allows the country to not feel the impacts of the currency markets as much.
Jul 29th, 2012 - 04:17 am - Link - Report abuse 0TTT very much agree with your comment; high taxes means less money in the private sector and thus less new jobs. Overspending government means higher cost for the private sector to borrow money, thus less investment. Crony banks and business, that is a cause of BIG government creating a economic system that prevents small business from competing and allows the old big companies to become inneficient. Such is the case of the USA car industry; ever wonder why no new car companies open up there? As for unions, everyone has the right to setup a union, but not to use the law (government) to achieve their goals. Don't like the job you are at, as for a change or leave and get another; simple as that. But yeah, the USA and EU are screwed if they don't get their taxing and spending in check.
Hey mate,
Jul 29th, 2012 - 04:49 am - Link - Report abuse 0To Tobias and BAMBk, but mainly TTT:
Appologies for all my typos and a big thanks to Tobias for his contribution, I think we are “pea's in a pod” on the view of the crap world trading system we have, except I'm not isoiationationalist on this like him, but the opposite! Humans talking together will rid of the “elitist” political system all nations have allowed to happen, By default, simply as it did work at the beginning:. Once you get 6-8 Microsoft's within your own nation then you start to question it. (both corporate and national monopolies.)
Oh dear, this Londoner is pissed: does this make sense?
(It's 5.30am in London am I'm pissed)- oops, drunk that means.
You two need a conversation on how the local economy works.
I can only assume that Pitate Hunters repeated use of homophobic abuse in his posts means he is either about seven years old or is actually an undeclared homosexual himself and is struggling with his sexuality.
Jul 29th, 2012 - 05:54 am - Link - Report abuse 0@33
Jul 29th, 2012 - 01:22 pm - Link - Report abuse 0Banknotes are promissory notes.
At the end of the day,
Jul 29th, 2012 - 01:33 pm - Link - Report abuse 0[CFK] she will sink or swim.
its that simple.
Yes Westisbest, but it's real money.
Jul 29th, 2012 - 01:50 pm - Link - Report abuse 0So what now? Are you going to start trading soybeans for car and bananas for televisions just because your irrational nationalism doesn´t let you understand that we are together and connected in this world today?
Jul 29th, 2012 - 02:24 pm - Link - Report abuse 0Hard currencies exists and are actually beneficial to developing countries, if the romans have had recourse to a foreign currency they would have lasted a lot longer. They didn´t, but countries in the world today do have that option.
Futures, stock markets, bank notes and securities are important for economic activity, hundreds of thousands of important projects, public works like water reservoirs, hydropower works, bridges, highways, ports and many other important infrastructure projects are carried out today in the world thanks to stock markets, to securitization, thanks to futures and the ability to diversify the risk. This risk has to be take on serious premises, o currencies based on real inflation data, on sound monetary policy conducted by economists and experts, not by ideologists and crooked politicians whose main objectives are the next electoral battle.
And by the way, the US and EU no not have the crisis, the US economy is fighting for growth with industrial expansion, and its industry is resilient and its economy is growing, albeit slowly, but their banks are not in crisis anymore, precisely because they diversified the risk in their stock markets long ago.
40. The Rgs think 1.5% growth in the USA is a disaster. It is not great and hopefully with a new Prez next year we can get it up but 1.5% GDP growth is like adding an economy the size of Israel (50) to our country every year. That's 1/3 of Argentina's GPD every year! That is, if you believe their GDP number. I think it will be revised down after the IMP audit.
Jul 29th, 2012 - 02:50 pm - Link - Report abuse 0Where I live we have full employment and are desperate to fill jobs the city's population has been growing 3% for the last 5 years! From my rooftop I can see 23 cranes used for building 10+ story buildings. It is kind of insane with all of the new construction but it should be amazing in the next 3-5 yrs.
Truth telling Troll
Jul 29th, 2012 - 03:55 pm - Link - Report abuse 0you said @11
-Oh, but the world won't leave us alone. They want to force their way upon us, and we wan't nothing to do with them.
-Argentines we are isolationists, we don't see any benefits from getting too involved with outsiders-
If I may:
- the world isnt forcing itself on Argentina anymore than it forces itself on any other countries in the world. Seems like weakness and victim complex.
- you are not the spokesman for Argentina.
- You want Argentina to have NOTHING to do with the outside world and yet -WE don't see any benefits from getting TOO involved with outsiders- suggests you still want Argentina to have SOMETHING to do with the outside world. 'Buy what we are selling but we wont buy what you are selling' seems to be the jist of it.
Then you said @32
-Mercantilism is where people trade freely (trully freely, no restrictions, no currency manipulations, no subsidies)- Sounds good to me. Sounds like democracy in action
So are you advocating protectionism and isolationism or free trade?
Bizarre.
If he really wanted to be an isolationists
Jul 29th, 2012 - 05:37 pm - Link - Report abuse 0He would dig a 6ft wide trench around himself, and just sit their,
He wants to be left alone, but still requires others to feed water and clothe him.
.
“Hard currencies exists and are actually beneficial to developing countries, if the romans have had recourse to a foreign currency they would have lasted a lot longer. They didn´t, but countries in the world today do have that option.”
Jul 29th, 2012 - 06:14 pm - Link - Report abuse 0What history were you taught???
First of all Rome as an uninterrupted entity lasted 1000 years, that's not long enough for you?
Second, the roman currency was the world's reserve currency of the time. Everyone, from the Gauls to the Iberians, the ancient Britons to the Germans, the Greeks, Egyptians and others, wanted to be paid in Roman coinage. Up until ad 220, when chronic debasing of the metals began...
@41
You are out of your mind, the US is not coming back for a long time.
@42
Free trade and political, cultural, and geographic isolationism. Barter for the goods we need, but be no one's ally, have no exchange of culture with other countries, and limit the foreigners living in the country and deport all illegals.
44
Jul 29th, 2012 - 06:22 pm - Link - Report abuse 0I'm not sure about one thing. Are you suggesting that the majority of Argentines want to go it alone like you propose or is this just what you want?
40,
Jul 29th, 2012 - 06:23 pm - Link - Report abuse 0Institutions keep using old formulas to come up with economic statistics, like energy consumption statistics, or trade, for example. While these formulas still hold good for countries like China, Brazil, Russia, Mexico or Argentina, some economists are beginning to question the validity of using the same formula for the US economy, the most diverse, complex and globalized economy in the world.
The US exports many things that can be accounted for as economic activity, but every time somebody buys a McDonald burger in Mexico or China, they are also paying for an america service, and part of that money, a very small percentage if you will, goes back to the US. Services can be exported just the same as manufactured products, but traditional economic formulas to measure a country´s economic growth do not add them up, maybe it is nearly impossible, however they count, and a lot. Every time someone in Chile, Peru or Malaysia subscribes to HBO or Cinemax, or goes to the movies to watch an american film, they are impacting the american economy one way or another, and one single movie like Batman Rises can register hundreds of millions in revenues than many latin american corporations will ever dream of. Perhaps one day they will start measuring all these data and I cannot even wonder what the numbers will look like then.
@44
Jul 29th, 2012 - 06:25 pm - Link - Report abuse 0What I want, but also a very strong sentiment amongst many in the country. We have always been inward looking, ignoring the rest of Latin America as we famously are accused of doing, ignoring Asia and Africa certainly, not making any efforts to be friends with North America... the only area historically we looked to was Europe, but given they are enemies now that's well over.
So who's left? Yo yes, many in Argentina are not interested in anything foreign.
Tobers: Tobias has become increasing paranoid, a shame as he was one of best Argentinian posters (Couldn't you lot think of a shorter national name? Able perhaps!
Jul 29th, 2012 - 06:30 pm - Link - Report abuse 0I've looked with massive interest on this board but realised their are two few posters from other nations: it's mainly us Brits and Argentines.
@42 Tobers:
State Capitalism seems a semi-form of protective trading. The USA has done it for years, the British did it before them in the Empire era then went lassez-faire.
Norway, Singapore, Switzerland, France and Russia are all other examples of nations following this. To me it's a good model as it protects jobs and allows trade.
Anyway. Is there any Argentinian on this board who can explain why their politicians behave the way they do?
They seem to be born two centuries before the people they serve. The political class seems to be in a weird time-warp of colonialism. Are they very isolated compared to the rest of Argentinian society?
47
Jul 29th, 2012 - 06:35 pm - Link - Report abuse 0Inward looking= self-centred.
Being on the Internet (like you are right now)= supporting businesses in several countries other than Argentina.
Being on Mercopress (like you are right now) = supporting a business not in Argentina.
Discussing these issues with the pro-Falkland Islanders (like you are right now) = having something to do with several countries other than Argentina.
Not self-centered, just incurious, the understanding the outside world does not offer much too us, mostly problems.
Jul 29th, 2012 - 06:39 pm - Link - Report abuse 0Perhaps you are right in what you say about my internet usage, but think of it as killing life to live yourself. I do not kill a mosquito, but I still kill if I intend to eat, that is the only type of killing I would ever commit.
Same here, to defend Argentina from the lying scumbags that propagate absurd canard and scurril someone has to dish the same venom back, and that's me.
50
Jul 29th, 2012 - 06:54 pm - Link - Report abuse 0Fair enough on the first few points but as for dishing the same venom back; you're not doing a very effective job. Your fanaticism destroys your credibility. It's a shame because I used to like your posts; they were well researched, fair and pretty well written. Now I like them out of curiosity because I wonder how much further your bitterness and emotion will drive you to lash out. You have to remember that we're mostly individuals, on both sides, not organised teams. People seem to go after you a bit but that's not because they have their backs to the wall defending themselves against you. It's because they are taking great pleasure from winding you up; that's all.
#31 demand for Argentine products will sky rocket, your welcome!! we like CFK as well she is an amazing strategist like Dilma and Chavez. US and EU already are bankrupt wake up, what planet are you living in???
Jul 29th, 2012 - 06:55 pm - Link - Report abuse 0#36 homosexual looking for brits and perverts again, wrong blogs move on pervert, try london.
#40 you know investing in gold rather then dollars could be quite lucrative if you catch my drift, I also think the black market in Argentine could be eradicated if the police bought and busted dealers for trading, just like they do with drug dealers in USA. Imagine the wealth waitingnfor the government in our own streets of Bs.As. It's Argentina you can buy with pesos. Don't be lazy get off the couch and go out buy them. Inmediately, or you can go back to what ever country's money you have and spend it there, Simple.
#42 and #43 why don't you too thik skull homosexuals go play somewhere you are welcome, we hear Afghanistan, Iraq, Libya, syria, Yemen, somalia, Kenya, mali and Sudan needs your help cleaning up the weapons you gives terrorists to kill muslim women and Children, there was 4 bombs this morning, One in afghanistan another in Iraq the other in Yemen and syria beside the mass execution later on in mali. With friend like US and Europeans who needs enemies?? Isolation is better then letting all the terrorists in. Peru executed two americans and thats just for starters.
@51
Jul 29th, 2012 - 06:58 pm - Link - Report abuse 0Oh no, don't flatter me so much. The haters don't write to wind me up, they did that before I arrived, they did that during my first “educated” stage, they do it now.
I stopped being rational and objective, eloquent in language and careful to check my spelling, because you can't serve Fois Gras to hyenas... just doesn't work.
As the Germans would say “Angriff ist die beste Verteidigung”
Pesos will do fine, I am glad that pesos will be integrated to our economy in Argentina, I am sure one world currency like the dollar or the euro will not create a healthy world economy, with pesos in the market there is more money to buy food among other things in the long run pesos prices can be controlled from the Argentine central bank and internal policy, rather then being dictated by another country. Fees on exchange will help a lot since it's a common practice to theft from immigrants who depend on banks to send money back home. Welcome to the 20th century Argentina.
Jul 29th, 2012 - 07:17 pm - Link - Report abuse 053
Jul 29th, 2012 - 07:21 pm - Link - Report abuse 0Surely you don't put Fois GRAS on a podium. I think it's incredibly cruel and should be banned along with shark fin soup. Apart from that I take your point but there are “hyenas” on both sides of the fence (look no further than Pirat-Hunter and Conquerer). I know you've given a few on your side a piece of your mind before but don't assume that because some of us sit back and let things go unchallenged from our respective sides it means we support those people. In my case I try not to encourage them by acknowledging them. At times they get to me and I have a go but generally I try to ignore them.
52,
Jul 29th, 2012 - 07:46 pm - Link - Report abuse 0Black markets are the canary in the coal mine of economies, they tell you when things have gone wrong, and it is usually too late to do anything. Argentina has put aside realistic economic policies in favor of defensive positions like restricting the dollar exchange, or obligating car makers to export crops, or protectionist policies, or double taxation agreements with other countries. Now the authorities are chasing after people trading dollars in the streets, as if they were criminals.
The economy is excluded from world financial markets and access to credits, that is bad enough and CFK would like to make everyone believe they know what they are doing, but they are in uncharted territory and the difference between the official and the blue dollar only shows that the genie has come out of the bottle and they could not stop it.
@31
Jul 29th, 2012 - 07:59 pm - Link - Report abuse 0“demand for Argentine products will sky rocket”
Not if they're not for sale they won't, If you insist on Pesos for everything then guess what, everyone will spend their dollars, euros and pounds elsewhere. No matter how much you puff yourselves up the fact is that you're a relatively small fish as far as any commodities, services and products go. The world can do without Argentina but can Argentina do without the world?*
* and yes I know the answer is obvious, it was a rhetorical question, as everyone knows (youself included) the answer to it is no.
#55 and #56 Pesos will do fine, I am glad that pesos will be integrated to our economy in Argentina, I am sure one world currency like the dollar or the euro will not create a healthy world economy, with pesos in the market there is more money to buy food among other things in the long run pesos prices can be controlled from the Argentine central bank and internal policy, rather then being dictated by another country. Fees on exchange will help a lot since it's a common practice to theft from immigrants who depend on banks to send money back home. Welcome to the 20th century Argentina
Jul 29th, 2012 - 08:01 pm - Link - Report abuse 0Hey Tobias (@53 & 58)
Jul 29th, 2012 - 08:25 pm - Link - Report abuse 0You used to make reasoned, interesting and lucid posts but they are now often irrational. As a Brit I'd say you need to get a “check up from the neck up”. I'm sure I'm not the only concerned poster mate, please: We like you.
@Pirate-Hunter
Do you ever have anything to say?
Can't you reproduce or at least do something productive.
I talk shit when I'm pissed (drunk), you hiowever seem to be able to do it with a cup of tea in your hand,
Will you ever actually say anything of use or of interest to the Internet community?
Whew Toby is all wound up and erratic today! It is so fun to watch the crazy spiral into nonsense.
Jul 29th, 2012 - 09:32 pm - Link - Report abuse 0Huh?
Jul 29th, 2012 - 09:51 pm - Link - Report abuse 0You are also one of the posters I enjoy reading. I think that me, as a real Toby, is concerned with him, mockery earns no Brownie-points as the girls will say.
@61 I would not worry too much. I think TTT smokes a bit too much weed, hence the rampant paranoia.
Jul 29th, 2012 - 10:49 pm - Link - Report abuse 0@62
Jul 29th, 2012 - 10:57 pm - Link - Report abuse 0I've never puffed a cigarette, can't stand any sort of smoke in my mouth.
But we now all know what you've been up to. :)
52 Pirat-Hunter
Jul 29th, 2012 - 11:01 pm - Link - Report abuse 0Why why why,
Is it true you were turned down by one, and now paint every one with the same brush?
If you like guys, then rather than the insults on here, why don’t you find one one and try again,
And stop being childish.
.
Price=demand vs supply
Jul 29th, 2012 - 11:02 pm - Link - Report abuse 0Argentine$=demand vs supply
Demand for Argentine peso in a dollar economy = 0
demand for Argentine pesos in a peso economy = demand vs supply + (national bank + parliament economic policy)
Knowing some basics can save you a lot of arguments. I don't think the grain traders should have a monopoly on US dollars much needed for international bank creditors. What do we do pay banks or let the traders play???
As an indervidual, if one does not like tthe price of the item you wish to purshase,
Jul 29th, 2012 - 11:16 pm - Link - Report abuse 0then go somewhere else, where it is cheaper,
demand for Argentine pesos in a peso economy = demand vs supply + (national bank + parliament economic policy)
Jul 30th, 2012 - 12:29 am - Link - Report abuse 0I think that is the way they want it to work, unfortunately for stupid CKF and her minions, fighting the laws of supply/demand is like fighting the law of gravity both will make you end up on your as* in the end.
BTW current demand price for U$ is $6,5
I wonder what will happen first Patacones or 10/1 peso? Any bets?
Well, after all the CFK followers, we can get that they wants the same future for their country that they had when Peron closed the Argentine border's doors and up to the change into the economic policies with an openlly economy, you were 50 or more years behind the world.....as well as the remaining LA countries were when a little one changed the view and tought the world that things can be done well even if you are a little, far and not developed country as Chile did....
Jul 30th, 2012 - 01:09 am - Link - Report abuse 0I insist, if your country can wait for it, on middle March 2014 when Piñear will be replaced for a new Alianza runnerup at the Office, we can send him to BA to rescue you from the bottom of the trash container....Of course its a joke, almost...
But, seriously now, don´t be too blind, deaf and dumb, with a big country so rich both in people and natural resources you deserve another destiny different which you are now suffering.....but it's no for free. You must pay for it....you must change your custom, paying your taxes, controlling the state expenditure, forgetting the state subsidies, limiting the unions power and mainly changing yourcorrupt and negligent political authorities from the Peronist Party and opening your economy to the world....Be samrt, change your mind, change your Officers....If not, unfortunatelly R.I.P. Argentina....
The sooner the pesos becomes our official legal tender the sooner the US$ dollar will have to share the market value with the peso the sooner the peso value will sky rocket. As the dollar did when it became scarced a few days ago right after the limitation placed on US exchange. Can anyone see the logic behind this or am I the only person with active cells in the hippocampus. Does USA trade their grains in pesos?? Why would we trade ours in US dollars when taxes are collected in pesos?? I am sure many of this dollars exit Argentina without paying taxes. We support de-dolarization of the economy we want everyone to pay taxes. EVERYONE! No exception.
Jul 30th, 2012 - 05:55 pm - Link - Report abuse 0@69 Prat-Junta
Jul 30th, 2012 - 07:10 pm - Link - Report abuse 0If you are using the hippocampus of your brain that explains an awful lot about your behaviour.
I don't know what medical book you are using but I should re-read it. The hippocampus is involved principally with three areas: inhibition, memory, and spacial awareness.
I prefer to use the reasoning part of my brain when thinking out problems, not the control (or not) of my emotions.
Price=demand vs supply
Jul 30th, 2012 - 08:51 pm - Link - Report abuse 0Argentine$=demand vs supply
Demand for Argentine peso in a dollar economy = 0
demand for Argentine pesos in a peso economy = demand vs supply + (national bank + parliament economic policy)
Knowing some basics can save you a lot of arguments. I don't think the grain traders should have a monopoly on US dollars much needed for international bank creditors. What do we do pay banks or let the traders play???
#70 if you use reason how come your Grey matter has no answers or solutions but only attacks or personal insults?? Seems like your theory is bogus and self serving. If you support US dollars as legal tender we invite you to go a head and move to USA ASAP. We support your choice and allow for people to travel if they get a visa and proper documents.
Is everyone else enjoying the economics lesson from Argentina and Paraguay? Hey Troll, flash an American bill anywhere in Argentina and you become better than the pope, ask your mother where she got the American dollars she hides under her mattress, even if you don't smoke I'm sure she's smoked a few greenbacks in her time!
Aug 04th, 2012 - 12:48 am - Link - Report abuse 0Great move by Cristina and Mercedes (who looks far too nice to be a banker I must say! but better a good Cristinista like her does it than one of the old elite...) =)
Aug 06th, 2012 - 09:46 pm - Link - Report abuse 0Pirate Hunter, please stop combining your support for Cristina, which is good, with your extreme homophobia of which I can assure you she wouldn't approve
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