MercoPress. South Atlantic News Agency
Strong Peso and imports’ controls vital for reindustrialization of Argentina
President Cristina Fernández blasted those sectors that demand a cheaper Peso (and stronger US dollar) and defended the exchange rate and imports' controls saying they are “vital” for the industrialization process of Argentina. Read full article
Comments
Disclaimer & comment rules16th time she's been on RG TV this year spouting her official and corrupt party line. Sounds like north Korea. all hail The Great Leader.
Sep 04th, 2012 - 09:37 am - Link - Report abuse 0I heard there was a huge protest in Belgrano last night...all they need is a little spark and this will all go up in flames.
Sep 04th, 2012 - 10:08 am - Link - Report abuse 0Re-education and labor camps for those rascal Porteno's!
Sep 04th, 2012 - 10:28 am - Link - Report abuse 0CFK ignorance of business/economics is breathtaking!
Sep 04th, 2012 - 11:09 am - Link - Report abuse 0I wonder if 10pm is going to be her “Hello Argentina” time...doesn't Chavez go on for a few hours? I guess there were a bunch of protests all over BA.
These idiots need to wake up and try to take their country back before they turn into Venezuela or Zimbabwe. I think they are too stupid to see where this is leading...
Now that peso is 8/1 in Brazil I feel pretty confident it will be 10/1 by Christmas.
Meanwhile in Argentina.
Sep 04th, 2012 - 11:24 am - Link - Report abuse 0http://www.youtube.com/watch?v=3ISmpnCIcPA&feature=plcp
@5 LOL! That is like having multiple porn channels for some posters here.
Sep 04th, 2012 - 12:15 pm - Link - Report abuse 0I am not sure what it will take for them to act. Perhaps when they realize
Sep 04th, 2012 - 12:31 pm - Link - Report abuse 0argentina is a country that has a vast amount of natural resources of wealth and was once one of the richest in the world, they will. It has been serially run by a group of incompetents ever since the Perons first came to power after World War II. Then years of military dictatorship, several revolutions, and a crippling financial crisis, Argentina has never regained its status as a stable, developed nation.
Argentines are emotional and have anger flowing in their blood; yet they are tolerant of their politicians despite their level of incompetency. They think it nothing to take to the streets and demand resignation, revolution, or just plain ole’ handouts (real change is spare change, after all)… and yet each president was more incompetent than the previous.
Sure, the Argentine government is inept– but it is the great scapegoat of the Argentine people; rather than take personal responsibility to change their own behavior and improve their own lot, Argentines as a culture will collectively bemoan government policy and blame the world for their own actions. Naturally, the situation never improves because the people never look inward.
Maybe Argentina is going to experience some type or form of revolution, and this will affect mostly Buenos Aires province. Their economy will likely continue to deteriorate, and I doubt Cristina has the capacity to improve the economy or to survive the slippery slope she created. Unlike Honduras where the present coup is political in nature, Argentina’s will be economic and likely result in substantial instability in Buenos Aires… remember, these are the people who set the trains on fire last year because they weren’t running on time. Let’s hope they do not wait too long, so maybe they is hope to oust her.
“Argentines are emotional and have anger flowing in their blood; yet they are tolerant of their politicians despite their level of incompetency ”
Sep 04th, 2012 - 12:36 pm - Link - Report abuse 0This is quite a good analytic point. It might be especially this mis-balance that makes up their impotency. They are wasting their energy to enforce something on daily basis, that they do not have enough strength and balance left to fight the real important challanges ?
...and how many press conferences?????????
Sep 04th, 2012 - 01:20 pm - Link - Report abuse 0I was watching a documentary about Queen the other day and 5 minutes of it was about their tour of South America in 1981. It was a real eye opener when they spoke about Buenos Aires - they were scared to death. Mercury was given a bodyguard whose credentials were that he'd killed 252 people. However it set them up nicely for Live Aid. After 300,000 Argentinians at one concert 72,000 at Wembly was no worries.
Sep 04th, 2012 - 01:24 pm - Link - Report abuse 0Oh yeah, lets believe a group of brits with their brain fried egged to a crisp (I know all Brits seem so, but that group especially).
Sep 04th, 2012 - 01:32 pm - Link - Report abuse 0Next.
Believe a group of Brits about what? It wasn't a political commentary on the Falklands. They were just reminiscing about South America.
Sep 04th, 2012 - 01:44 pm - Link - Report abuse 0#6 And which posters may you mean? I can't think of any...
Sep 04th, 2012 - 01:51 pm - Link - Report abuse 0@11
Sep 04th, 2012 - 01:55 pm - Link - Report abuse 0Never believe a group of Brits with fried glue for a brain. The brain was originally glue, then came the drugs.
@Capitan Poppy
Sep 04th, 2012 - 02:27 pm - Link - Report abuse 0Peronism is authoritarianism. It might not be to the extent that North Korea is (yet) but ultimately it has to be overlooking all aspects of Argentine life. Its all about maintaining control rather than relying on meritocracy.
The system is getting nervous again because Argentinas were seemingly getting richer and thus more autonomous and this is why we see ever increasing measures to scupper the economy and attack the middle classes (the people that can take Argentina forward) through taxing and import restrictions etc.
But the trick is to maintain the illusion of a 'them and us' scenario. A constant revolution. 'If it wasnt for the US -UK- Europe- Gringo colonialists (etc etc) continually picking on us we'd be a rich and sorted country....' (yawn)
If Argentina does by some miracle manage to grow some more with this bunch of malevolent bstards in charge then it would be entirely on their terms. ie they maintain the control and then they take all the credit for it. But there will always be a ceiling because wealth equals power. And the system doesnt want Argentines having power. If you want money and more autonomy you have to be corrupt to dodge the restrictive system... or you become a politician.
14 Truth_Telling_Troll
Sep 04th, 2012 - 02:42 pm - Link - Report abuse 0You are such an ignoramus at times.
So I suppose that Brian May earned his doctorate in astrophysics at Imperial College in 2007 at the age of 60 while he was on drugs?
FFS grow up and stop with the generalisations.
Toby's rants are getting very desperate, just like his Presidenta por Vida.
Sep 04th, 2012 - 02:48 pm - Link - Report abuse 0It is fun to watch but be careful cornered animals snarl and bite and I think she is feeling a little cornered right now.
Also remember me saying whatever the gov't talks about the most in the negative, ie “we will never do that” is exactly the opposite.
If I were an Rg I would be stocking up on Sugar and Laundry detergent and be rich, rich as an Argentine, boy oh boy has that meaningchanged in the last 100yrs.
snicker
The only people getting desperate is you and your ilk yankeedreck... your insults and jactitations at Argentina are the ones getting more desperate, I'm simply repelling force with equal force.
Sep 04th, 2012 - 02:52 pm - Link - Report abuse 0If you glue-brains toned it down, I would too immediately. You should try it, just to see that I will.
BTW at 8/1 how long do you have to work to pay for a 1 night stay in a decent hotel in Rio? A month or is it a little more.
Sep 04th, 2012 - 02:57 pm - Link - Report abuse 0I heard anfta is going up 30% this month...whew do you think inflation will be more than 50% this year?
My in-moneys keep with inflation pretty much, thanks for your concern.
Sep 04th, 2012 - 03:03 pm - Link - Report abuse 0So the USA is no longer a middle classs society, it is mostly poor and a few very rich.... does it feel any different now that you ar the Brazil of North America?
http://www.kansascity.com/2012/08/22/3773375/middle-class-share-of-americas.html
85% say it is harder to have the same standard of living now than 10 years ago... but yes yankeeboy, you are getting richer everyday... hahahahahahah
Toby,
Sep 04th, 2012 - 03:08 pm - Link - Report abuse 0Fist I didn't ask if your salary was keeping up with inflation. Look again the question is at 8/1 how many day does it take you to work to pay for a decent hotel room in Rio.
BTW what is your definition of the range of annual salary for the Middle Class in the USA? And in Argentina?
I think this is where your argument fails apart.
What is the definition of annual salary in Argentina vs all of Africa, Middle east outside Burj Khalifa, 95% of China, all of SE Asia, big chunks of Eastern Europe, any part of Latin America north of La Quiaca?
Sep 04th, 2012 - 03:27 pm - Link - Report abuse 0Game over.
TTT don't statistics casue your mind to ask more questions, especially when that stats disappear and in the shrinkage of middleclass from 61 to 51 percent? You believe those stats current TTT?
Sep 04th, 2012 - 03:29 pm - Link - Report abuse 0What the author of that article failed to tell you is that 10 percentage points of that 11% moved up into the the next bracket, over 120k and into the top quintile of earners. You can't believe one stat and not the other from the same source.
And 39k to 118k is a HUGE spread that covers 3 sub socio-economic classes that the aurthor grouped into one. 118k equates to 548,700 pesos (this week). How many RGs make that? Even the low end is 181,350 pesos in the officially controlled exchange rate.
@23
Sep 04th, 2012 - 03:31 pm - Link - Report abuse 0Like I said you are the Brazil of North America now, officially.
Ouhbrigadouh.
lol.......and Puerto Rico must be argentina
Sep 04th, 2012 - 03:43 pm - Link - Report abuse 0@15 Tobers,
Sep 04th, 2012 - 03:45 pm - Link - Report abuse 0I think you sum it up nicely.
@25
Sep 04th, 2012 - 03:46 pm - Link - Report abuse 0You really can with a straight face state that it is healthy for a society to have a shrinking middle, a growing poor and rich segment (90% going down, 10% going up), and the shrinking middle feeling less and less able to sustain their way of life??
Really, with a straight emoticon, can you say that?
90% going down....show me those stats? Not an article or wikigarbage. The raw number increases yet the percentile remains stable and have in fact decreased at a decreasing rate. And while illegal immigration continues to increase at an increasing rate, the percentage of illegal immigrants living in poverty skews the actual data of American when one is to include the illegals. And while you may call my a racist, the vast majority of illegals are latinos. Over 7% of the American population are illegal, residents here. And of that 27% are living in abject poverty becasue they are here illegally. If you really want to discuss the socio-economic shift in trends of income, let's not ignore the imported poverty that comes with the growing illegal immigartion to this evil and wicked empire that no one in the world likes.
Sep 04th, 2012 - 04:30 pm - Link - Report abuse 0You seem to skip the inconvenient questions, what is the definition of salary range for USA and Argenina middle class. Simple range ( 2nd time asking)
Sep 04th, 2012 - 04:30 pm - Link - Report abuse 0Also how many days/weeks/months does it take for you to pay for a hotel room in Rio (3rd time asking)
If you answer those 2 questions I can continue with the debate
You will not find argetnina to have those stats and it would not be good to know, publicly anyway. However the UN places argentinas poverty level at 37% (USA 15%) and 7% live on less than a one us dollar a day!! The poverty level was actually decreasing since a high of 51% in 2003 to 24% on 2009, to 14% on 2010, 30% 2011 and a projected rate of 37% based on YTD 2012 thus far. I think there is a trend here that be be correlated to Nestor who was suppose to be running the government with his hand up anal lips ass. She is beyond over her head
Sep 04th, 2012 - 04:59 pm - Link - Report abuse 0I wouldnt give Nestor too much credit. I dont think he would have done things much different to CFK et al now.
Sep 04th, 2012 - 06:14 pm - Link - Report abuse 029
Sep 04th, 2012 - 06:43 pm - Link - Report abuse 0in USA; share of nation's income going to the middle class has been declining for years.... do you know this !..dont you ?
My point is though that ass lips policies is driving poverty back up. Yankee I found the GNI per person at UNICEF for argentina......$8,850 US dollars. However the PPP (purchasing power parity) equates it in spending ability to 15,000. Comparing apples to apples, the average per capita income in the USA for 2011 is 42,000. So comparitivy for purchasing power, RG's earn 15,000 and Americans earn 42,000.
Sep 04th, 2012 - 06:48 pm - Link - Report abuse 033
Sep 04th, 2012 - 06:53 pm - Link - Report abuse 0your numbers not true !
So the United Nations lies now? I thought you RG's love them? Light Thinker.........prove the United Nations is lying?
Sep 04th, 2012 - 07:04 pm - Link - Report abuse 0Captain !
Sep 04th, 2012 - 07:25 pm - Link - Report abuse 0for all i know ,PPP and Median Income are very different definitions.
No I said GNI gross National income. PPP is purchasing power parity. It takes currency in one country and equates it into another country's currency based on what it takes to purchase something. e.g., rent, electricity, food, clothing for one month in country A in their currency compared to the same items in country B in their own country. Say a typical rent in Buenos Aires is 3500 pesos and a typical rent in Boston is 1500. The 1500 exchanges to 6975 pesos but you spend 2500 for a typical aprtment. While you earn less in comparative dollars/peso, your purchasing power is stronger than a straight dollar to peso exchange. Thats why they use a PPP to compare currencies.
Sep 04th, 2012 - 07:45 pm - Link - Report abuse 0Captain
Sep 04th, 2012 - 08:00 pm - Link - Report abuse 0We cant compare countries only according on theorethical scales
becouse that each has very different living conditions and standarts...
for example,the American love big houses,big cars,dont love to live in inner cities others not !.,.,., the Americans eat,drink more that others.
Well what you say about Americans is not true. However that does not attempt to compare values, it compares purchasing power of their earnings.
Sep 04th, 2012 - 08:09 pm - Link - Report abuse 0This woman is slowly converting Argentina into Venezuela and then Cuba. Why does she hate her people so much???
Sep 04th, 2012 - 08:13 pm - Link - Report abuse 0The people get the government they deserve. I f this true God save Argentina. Acoording to the press of the time the invasion was nothing to do with the dictatorship but supported by “every man woman and child in Argentina” How they forget!
Sep 04th, 2012 - 08:17 pm - Link - Report abuse 0Captain
Sep 04th, 2012 - 08:21 pm - Link - Report abuse 0I mean that your PPP is only valid in your country not in my country
in other words ; expenditures are highly different not values.
Gabol it is not that she hates her people as much as she is an egotist hell bent on power. She and many Argentines have the distorted view that Peron was the next best thing to Jesus. This women portected and saved nazis and took payment from treasures looted from the jews. She gave handouts to the poor and died young so they martyred her assuming more was to come if she lived.
Sep 04th, 2012 - 08:31 pm - Link - Report abuse 0Individual responsibilty needs to be taught in south america, not where is my government handout. CFK wants to be immortalized as Evita, they both may have the same intellect, but CFK wants power and keeping the people of argentina from seeking real self sufficiency is the way she will get it.
Poverty rates are rising, inflation is rising, deficits are rising, strikes are rising, further decay is rising. Everything is rising but the standard of living. Why did you return Gabol?
“90% going down....show me those stats? Not an article or wikigarbage. The raw number increases yet the percentile remains stable and have in fact decreased at a decreasing rate.”
Sep 04th, 2012 - 08:47 pm - Link - Report abuse 0What galaxy do you and yankeeboy live? Certainly not in nearby Andromeda where they get the news from the Milky Way... People in the US feel POORER, feel worse off, and most numbers both from right wing and left wing news outlets back all this up.
“And while illegal immigration continues to increase at an increasing rate”
I can happily inform you that immigration to the US has decreased through decreasing arrivals, not increased at an increasing rate (LOL). In fact net-immigration for the first time from Mexico reached net 0. Which means that little fence is now holding people in just as much as holding people out! hahahaha, you knew that was going to happen... life is like that. When you finish that wall, it will be Americans trying to get out of there because of poverty and mass shootings.
“ the percentage of illegal immigrants living in poverty skews the actual data of American when one is to include the illegals”
Shit, you think that is not the case in Argentina? Have you ever watched even a shred of news ever from the country? Almost half of the “villas” are foreigners or the argentine children of (illegal) foreigners!!! It's so prevalent that during a squatting incident at a Buenos Aires park a couple of South American presidents had to come out and denounce the squatters!!
http://en.wikipedia.org/wiki/Parque_Indoamericano
So let's deport all the illegals and those that got amnesties by the governments in the last 20 years, and we easily decrease our poverty rate by at least 5-10 percentage points!!
Get out of here now, the hypocrsiy here is appalling.
Troll you missed your assignement and reported with no data. Your ability to make a point is non exisitant. You speak with nothing but hollowed words that you type without support. And yes I've seen all your government owned news broadcasting the wonders of argentina. I gave you a simple task, and like Yankee I will not respond to your uncorroberated statements.......hollowed as they are.
Sep 04th, 2012 - 09:04 pm - Link - Report abuse 0“What galaxy do you and yankeeboy live? Certainly not in nearby Andromeda where they get the news from the Milky Way... People in the US feel POORER, feel worse off, and most numbers both from right wing and left wing news outlets back all this up.”
Support it.
The only place you can find mexian trends netting to zero is the HISPANIC Center. lol
Truth hurts. I really want to insult you but refuse to jump in your cesspool and I think you suffer enough where you live.
ENough with you until to provide some stats and facts, not wikipedia or hispanic centers.
http://www.forbes.com/fdc/welcome_mjx.shtml
Sep 04th, 2012 - 09:18 pm - Link - Report abuse 0(right wing magazine)
http://www.forbes.com/fdc/welcome_mjx.shtml
(left wing magazine)
25% poverty rate for USA children
http://www.forbes.com/fdc/welcome_mjx.shtml
Most USA families poorer now than 10 years ago
http://www.forbes.com/fdc/welcome_mjx.shtml
All time high of Americans LEAVING the USA
http://www.forbes.com/fdc/welcome_mjx.shtml
I'm just getting started, if you want.
Scary little stat today, CFK's gov't is crowing about the 29% yoy increase in tax revenue. I find it curious that ALL sectors of the economy are rapidly falling yet tax revenue is up...hmm ONLY 29%? Curious, so that means with falling wages and revenue inflation must be ABOVE 29% and I would say MUCH ABOVE probably closer to 40%.
Sep 04th, 2012 - 09:21 pm - Link - Report abuse 0Who will wager with me, will we see a 10/1 Peso or Patacones first? Christmas or sooner?
yanque,
Sep 04th, 2012 - 10:02 pm - Link - Report abuse 0official rate or black market rate?
Black market is the real rate at some point the gov't will have to equalize them and when they do watch out belooooooowwwww
Sep 04th, 2012 - 10:06 pm - Link - Report abuse 0@47 yankeeboy
Sep 04th, 2012 - 10:06 pm - Link - Report abuse 0He doesn't know what he is talking about.What a waste of time
(43) Captain Poppy
Sep 04th, 2012 - 10:37 pm - Link - Report abuse 0I returned 4 years ago to retire. It's cheaper to live here than in the U.S. Argentina back them was perfectly fine, all was normal. But now things have changed, if she gets re-elected I probably will return to the U.S.
GOOOOOO KRIIIISS!!
Sep 04th, 2012 - 11:03 pm - Link - Report abuse 0You failed again TTT...articles, biased as you say. But still......income is at 50K by those numbers. Nothing supports your statements. Blips of poverty rates in California....students going to schools overseas, and an article about income dropping 7% since 2000, twelve years ago. I wouldn't expect income to rise in a recession. We had a big recession in the late 70s and early 80s......imagine that!
Sep 05th, 2012 - 12:15 am - Link - Report abuse 0@ Captain Poppy
Sep 05th, 2012 - 08:19 am - Link - Report abuse 0US is sinking like the Titanic and is not something new.
What is keeping US a float is the ability to print money without major consequence as U$s is a FIAT currency and that is used to trade oil. In the next decades US will lose completely the ability to print money as it wishes and the Titanic will collapse.
Meanwhile...
US full unemployment 19% (29.7 million U6)
http://9-12projecthaywoodcountync.ning.com/profiles/blogs/real-unemployment-rate-is-approximately-19-us-dept-of-labor-breit?xg_source=activity
60 millions under poverty line and 70 millions without health insurance.
Poverty skyrocketing and getting full of shantytowns (tent cities)
http://9-12projecthaywoodcountync.ning.com/profiles/blogs/real-unemployment-rate-is-approximately-19-us-dept-of-labor-breit?xg_source=activity
http://9-12projecthaywoodcountync.ning.com/profiles/blogs/real-unemployment-rate-is-approximately-19-us-dept-of-labor-breit?xg_source=activity
http://9-12projecthaywoodcountync.ning.com/profiles/blogs/real-unemployment-rate-is-approximately-19-us-dept-of-labor-breit?xg_source=activity
http://9-12projecthaywoodcountync.ning.com/profiles/blogs/real-unemployment-rate-is-approximately-19-us-dept-of-labor-breit?xg_source=activity
http://9-12projecthaywoodcountync.ning.com/profiles/blogs/real-unemployment-rate-is-approximately-19-us-dept-of-labor-breit?xg_source=activity
http://9-12projecthaywoodcountync.ning.com/profiles/blogs/real-unemployment-rate-is-approximately-19-us-dept-of-labor-breit?xg_source=activity
http://9-12projecthaywoodcountync.ning.com/profiles/blogs/real-unemployment-rate-is-approximately-19-us-dept-of-labor-breit?xg_source=activity
http://9-12projecthaywoodcountync.ning.com/profiles/blogs/real-unemployment-rate-is-approximately-19-us-dept-of-labor-breit?xg_source=activity
http://9-12projecthaywoodcountync.ning.com/profiles/blogs/real-unemployment-rate-is-approximately-19-us-dept-of-labor-breit?xg_source=activity
lol the re-educations are in full swing ......and to quote such soid sources. Must be the foundations of your educations system utube and wikipedia
Sep 05th, 2012 - 10:09 am - Link - Report abuse 0@46 TiT why are you constantly trying to find faults with other country's, just face the facts that Argentina is fu*@ed :)
Sep 05th, 2012 - 01:21 pm - Link - Report abuse 0TTT I really loved that you quoted the Tea Baggers regarding unemployment. Just some actual statistical facts for you and I will end it here.
Sep 05th, 2012 - 01:55 pm - Link - Report abuse 0The 29.7% is BS to the largest magnitude. Especially the numbers of the partially employed and the “out of the workfore” numbers. You cannot take numbers and add them to numnbers already included. Part time workers that refer to are often the 16-18 year old that work after school for spending money, they are dependant children, not forced to work. The others are college students and some retired that seek additional money. Firsts, here is the breakdowns:
311 million in the USA
60 million under 15 years old that do not work, at least in the USA
62 million over 65, retired and do not work
20 million illegal immigrants that are not counted in figures
5 million stay of home moms
5 million diabled and unable to work
2 million in prison
That leaves 157 million out of the working roles and a theorectical workforce of approximately 157 million. With 12.7 million collecting claims, an unemployment rate of about 8%.
People that work with numbers have a saying: “ Figures do not lie but liars definitely figure.”
You use quotes from fringe entities who uses math where 1+1-3 = 5.
You a waste of a typed sentence and will not address your stupidty any further as you are incapible of debate on any level with actual support.
I hope that in one year from now I am still typing. You will be in your forced labor camp and I will be wondering what happened to TTT.
@57 It's a waste of time trying to debate anything with TiT. It's a student living off mummy and daddy. And that's assuming that they ever knew each other! Let's see where he starts. That's by whingeing about one of the greatest rock bands of all time. Ever come across any caterwauling latinos with even 10% of Queen's success? He then moves immediately to victim mode. “It's all YOUR fault.” Notice that he never refers to himself working! He then answers a question with another question and says “Game over.” In other words, no believable answers, diversion and desperately hoping no-one will push it. But ask it for supporting evidence and you get.......NOTHING. If he does come up with anything, it's from highly questionable articles. Is it any wonder that I refer to him as TiT?
Sep 05th, 2012 - 03:23 pm - Link - Report abuse 0I wondered hy the TiT. I think I've wasted enough time with him. Thanks for the info. I find most the the die hards here you cannot debate with facts or logic. They need to get out into the world and see how it functions in a non dysfunctional manner.
Sep 05th, 2012 - 03:32 pm - Link - Report abuse 0Captain
Sep 05th, 2012 - 05:50 pm - Link - Report abuse 0You forgot to say about “” income inequality “” in US
the first up %1 people incomes grown % 275 in between 1979-- 2008
while bottom US citizens experienced incomes growth of only 18 %.
source : Congressional Budget Office.
The bottom what in the USA? The bottom quintile? The poor? CBO stats are divided into quintiles. I am not sure what I am suppose to say......that all America's need equality in earning power and wealth? I think not, that's not that American what. You work your ass off.....you're rewarded.....you slack....you are not rewarded.
Sep 05th, 2012 - 06:41 pm - Link - Report abuse 0Does the wealth of Americas 1% disturb you? Americans understand that we have wealthy people in this country, and they are not a source to resent for being wealthy.
Do you think that truly wealthy peolple have one source of income? .i.e. a paycheck? I don't think so. So it is highly probably that not all income streams on the wealty will drop because they are not working for theirt income, their wealth is. That vast amount of Americans typically work for a pyacheck. Some a very good paycheck.
Have you analyzed the data in that time frame or year by year? I know that answer. If you had you will note that the first drop in comes was 2008/09, with is to be expected with the rcession. Jobs loss equals decrease in GNI.
Good source for a statistic, incomplete analysis though.
Try the IRS whjere income is reported. And the top 1% starts well over 300,000 and and their average dropped from 380 to 343 in 2008//09 alone (-10%) and the top 1% contribute 40% of taxes from income.
So mny question to you.....what is your point?
Captain
Sep 05th, 2012 - 07:24 pm - Link - Report abuse 0dont keep ignore to this other problem please ....
in US, Food Stamp Usage in the years on..;
1969 ---- 3 millions people
1979 ---- 16 millions people
1989 --- 19 millions people
1995 --- 26 millions people
2007 --- 30 millions people
2011 --- 45 millions people
2012 --- 50 millions people.
2011 and 2012 makes senses due to job loss. Prior to those two years....trending about ten% with a 15 % poverty rate. Do you surmise that I think the USA was not rocked by recession? Of course not. You recall the 70s and 80s in the USA....right Thinklight? Far worse than this period. If you are attempting to compare the USA condition with that of Argentina, you are comparing apples and rocks. You need to remember....there are no bare shelves in the stores, rail and garbage and law enforcement stroke are not common, electricity was not cut in in major cities let alone capital cities, and commonities do not have to hold raffles to pay wages.
Sep 05th, 2012 - 09:12 pm - Link - Report abuse 0So again......your point is? You are envious of the rich in the USA and now you envy the fact the we give away food?
@63
Sep 05th, 2012 - 10:00 pm - Link - Report abuse 0Please pay attention. The USA debt is the larget in history...so far...you cannot calculate when “your country” will re-pay such debt...or ...when
the USA will stop borrowing..can you hear the USA Debt Clock...ticking?
64. Toby is this your new nick! How clever!
Sep 05th, 2012 - 10:13 pm - Link - Report abuse 0We repay our debt every day, do you?
I think you still owe around 80B here and there to different people. You can't issue Int'l bonds isn't that why you have your begging bowl out at IDB and WB? CFK almost lost a U$60MM loan last week and freaked out!
@Captain Poppy
Sep 06th, 2012 - 03:00 am - Link - Report abuse 0Who lives in glass house should not throw stones, mate.
Where do you live into an oven or a fishbowl?
U6 (full unemployment)
http://www.bls.gov/opub/ted/images/2012/ted_20120131.png
From the cooked numbers from U.S. Bureau of Labor Statistics (yes we can Oboso)
Average 16%, now how much do you think is the real unemployment and poverty in USA?
5 o 6 points more perhaps?
Independent sources reports U6 to 23%. What reflects more precisely the misery and deprivation around some cities in USA.
US is becoming poor and poor and with a significant destruction of the middle class.
I the next decades US will become economically unstable with chronic debt crisis like a banana republic.
Sure burger whatever you say. Tell it to you masses for they might swallow.
Sep 06th, 2012 - 10:15 am - Link - Report abuse 0@Captain Poppy
Sep 06th, 2012 - 12:29 pm - Link - Report abuse 0I have the following doubt...
1- You are not English mother tongue.
2- You didn’t go to school
Are you a transplanted AMexican?
Captain, Aren't you amazed at how many people live in poverty in the USA? I don't know where you live but I have been all over the USA and have NEVER seen a self built multi story Slum....never. Have you?
Sep 06th, 2012 - 01:08 pm - Link - Report abuse 0Have you ever seen children begging, or juggling in the streets? Have you ever been made to have someone “protect” your car on a public street? Have you heard of commando assaults on people's homes in the USA? Is there anyplace in the USA that has private guards on pubic streets protecting the houses?
Gosh all of these stats the Rgs post just don't seem to be what I see everyday living here...how about you?
I've been up north to Iguazu in the past. Stop at a light the the moms push their 4 and 5 years olds out to the cars begging for money and jugglers at the intersections. The people in the USA that live at poverty levels really need to see Villa 31. I suspect they will not feel so poor. As I once stated in the past, the UN has 7% of the argentine population living on less than one U$ dollars a day.
Sep 06th, 2012 - 02:34 pm - Link - Report abuse 0Burger.......care for some cheese with all your whining?
La Paz is worse, I have never seen so much poverty as I saw in Bolivia but the city of Iguazu with all the kids running around in filthy rags and no shoes was pretty disturbing! Did you see the Indian Reservation there? That was seriously sad too! All the natives had USA Tshirts from the 80s and they were FILTHY! Their school was paid for by some German Charity because the gov't wouldn't provide one, no electricity and only muddy jungle trails leading from one hut to the next.
Sep 06th, 2012 - 02:42 pm - Link - Report abuse 0Ugh.
Yes bare foot and so young and the moms hid behid a tree and sent them into the street to beg. I stayewd at Loi's which was right inside the reservation there. The dirt road going to the place you can see the indians liing along side the roads.
Sep 06th, 2012 - 02:52 pm - Link - Report abuse 0Family just told me that airline are now required to provide AFIP a list out of country fliers.
@yankeeboy & Poppy
Sep 07th, 2012 - 08:25 am - Link - Report abuse 0You need to get outside your fishbowl more often or buy a TV to see the news.
No need to go to Bolivia to see poverty when you have it around the corner in US.
1.8 million kids living on US streets
Kids begging and living on US streets
http://www.youtube.com/watch?v=ba2CmLJYN3Y
People living in slum houses without water and basic sanitary conditions in USA.
http://www.youtube.com/watch?v=ba2CmLJYN3Y
http://www.youtube.com/watch?v=ba2CmLJYN3Y
“Is there anyplace in the USA that has private guards on pubic streets protecting the houses?”
And how do you think all these companies makes its living in US?
Orna
http://www.youtube.com/watch?v=ba2CmLJYN3Y
Security Eye Patrol
http://www.youtube.com/watch?v=ba2CmLJYN3Y
American Force Private Security
http://www.youtube.com/watch?v=ba2CmLJYN3Y
US cities among the top 10 most dangerous cities in the world
Detroit and New Orleans listed together with Karachi, Iraq, Cape Town, Mogadishu, etc.
http://www.youtube.com/watch?v=ba2CmLJYN3Y
Any doubt that US is becoming a Third World Country?
“The United States is increasingly similar to a 3rd world county in several ways and is accelerating towards 3rd world status. Economic data indicate a harsh reality that obviates mainstream political debate. The evidence suggests that, without fundamental reforms, the U.S. will become a post industrial neo-3rd-world country by 2032.
Fundamental characteristics that define a 3rd world country include high unemployment, lack of economic opportunity, low wages, widespread poverty, extreme concentration of wealth, unsustainable government debt, control of the government by international banks and multinational corporations, weak rule of law and counterproductive government policies. All of these characteristics are evident in the U.S. today...”
http://www.youtube.com/watch?v=ba2CmLJYN3Y
“Strong peso vital”, Well that's Argentina ****ed then.
Sep 07th, 2012 - 09:02 am - Link - Report abuse 0Captain
Sep 07th, 2012 - 10:03 am - Link - Report abuse 0here are the some US cities poverty rates......
Richmond VA ; 25 %
Sacramento CA ; 21,5 %
San Fransisco CA ; 16 %
San Diego CA ; 17 %
Los Angeles CA ; 21,6 %
Salt Lake City UT ; 22,3 %
Providence MA ; 30,5 %
Philadelphia PA ; 26,7 %
New Orleans LA ; 27,2 %
Detroit MI ; 37,6 %
Cleveland OH ; 34 %
Birmingham AL ; 29,5 %
Atlanta GA ; 26,1 %
Boston MA ; 23,3 %
Memphis TN ; 26,5 %
Milwaukee WI ; 29,5 %
Miami FL ; 32,4 %
Houston TX ; 22,9 %
Dallas TX ; 23,6 %
New York NT ; 20,1 %
Buffalo NY ; 30,2 %
Is that what they are spoon feeding you now?
Sep 07th, 2012 - 10:22 am - Link - Report abuse 0“We cant compare countries only according on theorethical scales
becouse that each has very different living conditions and standarts.”
Your words. Our definition of poverty is your working class. Even TTT knows that as he said so! And BTW......is Utube the best news and information you can get!!!! If these are what the troll handlers and script writers are providing you, no wonder you think that outside the walls of your prison you think everyone else is as bad as where you live are.
As you two wind hole trolls believe the whatever sawdust is feed to you, it does not matter, in one years times.......you shall see. The proof in in time. PERIOD! The USA changes in cycles.......and argentina changes with revolutions and constitutions.
Captain
Sep 07th, 2012 - 05:26 pm - Link - Report abuse 0The chancing with revolutions and constitutions is a kind of socio-economic cycle.
@76
Sep 07th, 2012 - 06:34 pm - Link - Report abuse 0The USA is flat broke and keeps borrowing foreign money to keep afloat...
Wages scala in between annualy 20 K and 110 K. $
Sep 07th, 2012 - 06:47 pm - Link - Report abuse 0not enough to afford the American Dream.
You may struggle to finance your even ordinary Home/Car buying instalments,
not possible to send your children to Ivy League Colleges......
@Captain Poppy
Sep 07th, 2012 - 06:57 pm - Link - Report abuse 0You have no idea about what you are talking about. I guess you get confused with the illegal immigrants that come in huge amount here (Like in US) with the legal workers with papers and all stuff.
None is even close to poor as a US worker.
Here workers enjoy a lot of benefits like in Europe the basic salary for starters without benefits is of U$s 577 (pocket salary) would be close to U$s 1200 in PPP with US and you have to add the benefits, salaries free at year, pension already covered, health insurance service, premiums, holidays paid, etc.
In US the minimum wage is U$u7.25 an hour x 40hours a week is equal to U$s290 per week = U$s 1160 at month. Then the poor guy has to pay insurance ($150 at month), pension coverage, etc, etc.
How much really earns in pocket the poor US worker? Let say U$s 600 at month?
So how a US worker can live?
By getting debt, using credit cards and so on.
More of what you say you own in reality is owned by the banks.
I guess a US worker would love to work in Argentina with a devaluated peso 4.5 times cheaper than a U$s 1.
So stop talking BS because since the 70 US is a debt making country and everyone is living in debt for life.
So take the advice of Glenn Beck and prepare for worse in the near future when US loses it ability to borrow and print money as it please you will see how really poor you are.
Mean while I recommend you to learn Spanish may be you will be lucky and find a job in Tijuana.
US people is very isolated society.
Sep 07th, 2012 - 07:25 pm - Link - Report abuse 0They must learn/think the migration abroad.
You dumb moron I've been to argentina so many times. Tell someone in you class that might believe you.
Sep 07th, 2012 - 08:02 pm - Link - Report abuse 0lol poor little momma's boy get off her tit and earn a real living.
You knowledge of the USA based on the internet shows the vague sense of intelligence you precieve yourself to have. Let go of moms tit and ask her to buy a passport. I will buy to a ticket to see for yourself cheeseberger?
You hate US debt because to tried it and failed so miserably that you became a deadbeat borrower and cannot give back what you take.
Villa 31 is calling danielle
@Poppy
Sep 08th, 2012 - 12:00 pm - Link - Report abuse 0You don’t have to believe me just read the news (in Spanish of course), ask someone from Argentina that has employees or hide someone legally and you will have a test about how much earns and cost you a worker here.
http://www.pagina12.com.ar/diario/ultimas/20-202053-2012-08-28.html
“El salario mínimo será de $ 2875”
The minimum salary will be $2875= 619,61 US Dollars
“2.670 desde el 1º de septiembre y a 2.875 pesos desde febrero.”
From 1st September $2670= 576,67 US dollars and in February will increment to $2875= 619,61 US dollars.
To that much you have to add, “presentismo” (presenteeism) a bonus if the worker attend all working days.
Family salary if the worker has kids, etc.
Productive bonus if the worker’s contract arranged by the unions establish so.
Vacations, a free salary per year (aguinaldo), etc, etc.
“You knowledge of the USA based on the internet shows the vague sense of intelligence you precieve yourself to have. “
My level of intelligence is quite good Mr. Poppy thanks for you concern anyway.
“I will buy to a ticket to see for yourself cheeseberger?”
If you try a little bit harder to write proper English I would be willing to understand what you have said above.
BTW have you started your Spanish lessons?
No yet, here a little help from Dany...
“Hola Mexicanos soy “greengo” y estoy buscando un trabajito donde no se tenga que hablar mucho Español.”
Hi Mexicans, I’m American and I’m looking for a job where I don’t have to speak too much Spanish.
Sure the Mexican will tell you where are the dirty toilettes...
You will have sure a lot of fun especially on Sundays enjoying the church with the Cuates while praying to God.
They are so religious like the Americans you know, in fact I don't know if I will be able to distinguish Who is Who.
Do you eat also Burritos and Tacos?
Tacos are great with NFL on Sundays nachos too. Some beers and cigars and I'm all set for kickoff.
Sep 08th, 2012 - 03:28 pm - Link - Report abuse 0“ According to the holder of the Episcopal Commission for Education, Hector Aguer: “La Campora attempts to infiltrate the Catholic schools and the task is linked to the project for the kids who are 16 years old to vote. They want to prepare voters for a particular political party. “
The Archbishop of La Plata, said to a television program: “The political group trying to infiltrate the Catholic schools, which aims to capture students in political activities so that then they, in school, make propaganda”.
Also substantiated his ‘position in the recent statement of the National Academy of Education’: “can not endorse in schools for violating the National Education Act and as practices used by totalitarian regimes to indoctrinate youth.”
“The Church does not need the aforementioned grouping meddling in our schools, because the Catholic educational project includes a very important dimension of social life education”.
”According to the Chamber of Notaries of the city of Buenos Aires: “between January and May 2012, 19,282 operations were agreed sale of property, ie, 15.3% less than the same period of 2011.”
“Interior Commerce Secretary Guillermo Moreno authorized a further increase of up to 9% on items from the basket.
In the rise food, drinks and toiletries are included and shall take effect from the end of August and first week of September.
Some of the companies that apply the increases are: Compañía General de Fósforos, Papelera Alto Paraná, Quickfood, Paladini, L’Oreal, Bodegas Orfila y Kasserini, Arcor, Williner, Las Marías, Mapa Virulana, Bodegas López y Bimbo.”
http://m24digital.com/en/category/economics/
Who agrees with you?
Sep 08th, 2012 - 05:31 pm - Link - Report abuse 0Siderar SAIC (ERAR), Argentina’s largest steel producer, fell the most in 10 months after the government threatened to push down prices in retaliation for criticism of the economy from the company’s controlling shareholder.
Sep 08th, 2012 - 06:25 pm - Link - Report abuse 0Siderar sank 5.2 percent to 1.27 pesos at the close in Buenos Aires, the biggest drop since November 2011. The Merval benchmark index slid 1 percent.
Argentina’s Planning Minister Julio de Vido criticized Paolo Rocca, chairman of Siderar’s controller Ternium SA, this week for saying that the country has lost competitiveness since 2008. Deputy Economy Minister Axel Kicillof told television show 678 late yesterday that the government should drive down the price of steel to bankrupt Rocca for his remarks, but it won’t do so, La Nacion reported today.
“The fall is obviously because of the argument with the government,” Ruben Pascuali, an analyst at Mayoral Bursatil, said by telephone from Buenos Aires. “There’s fear this may lead to some sort of intervention, maybe a cut in subsidies.”
Newspaper Clarin cited Rocca as saying Sept. 3 that there hasn’t been any real investment in Argentina since 2008 when the country’s competitiveness started to decline. Ternium SA (TX) owns 61 percent of Siderar. Rocca ranks 87th on the Bloomberg Billionaire list with an estimated net worth of $10 billion.
Siderar’s press office didn’t respond to an e-mailed request for comment. Jessica Rey, a spokeswoman for Kicillof, didn’t respond to a phone call seeking comment.
Argentina seized YPF SA (YPFD), the country’s largest oil company, from Spain’s Repsol SA in April after criticizing rising oil imports last year and lack of investment.
Expropriating Siderar is unlikely, Pascuali said.
“They can’t go nationalizing everything or else there won’t be anybody left to pay corporate tax,” Pascuali said.
To contact the reporters on this story: Eduardo Thomson in Santiago at ethomson1@bloomberg.net; Pablo Gonzalez in Buenos Aires at pgonzalez49@bloomberg.net
To contact the editor
Conqueror/Captain Poppy
Sep 08th, 2012 - 09:02 pm - Link - Report abuse 0Mind your own country the UK and Prince Harry bare arse!
Gotta love freedom of speech in south america!!!! YIKES!!!! Perhaps when they push all the business out of the country, and their is no one left to tax, they can put the poor to work in labor camps.......the North Korean model!
Sep 09th, 2012 - 12:42 am - Link - Report abuse 0They'll be singing in the field:
“oh jump up, turn around, pick a bag of soy bean.....oh jump up, turn around pick a bag a day......ooooooh man I can pick a bag soy bean, oooh man I can pick a bag a day!”
Let the good times roll !!
@ Captain Poppy
Sep 09th, 2012 - 05:43 am - Link - Report abuse 01- Oh! Poppy are you some kind of fanatic religious?
Who cares what the church says all are lairs and corrupted.
The church has been supporting dictator all over the world, the Vatican has links with Mafia bosses in Italy, they have banks (IOR Istituto per le Opere di Religione) that have shares in Weapon factories and finance arm factories like the Brescia and Beretta in Italy.
Have you ever heard about the Ambrosiono Bank scandal? P2 (propaganda 2)? and
https://fbcdn-sphotos-a.akamaihd.net/hphotos-ak-ash4/s320x320/429091_3260995760806_1144541798_3403927_320480870_n.jpg
2-US average rise on food 60% and counting and?
3-Dear Poppy please try harder to find any credible argument Argentina is doing quiet well last year growth close to 9%. This year surplus bigger than the last one, low unemployment, people consume companies make money everyone is happy. With the exception of liar Biolcati & the bunch of crying farmers that would like to go back to 1930. And the frustrated radicals good for nothing.
In what category are you?
Do you know how the Rocca family and her group have become so large and today are the monopoly of the tube for oil in the world? Thanks to state favours especially during militaries times.
The first Rocca came to Argentina when he was expulsed from the Il Duce Benito Mussolini party with few Quids and set up a little metal mechanic office then he start to get all govt. infrastructure work and during the militaries coup they leave a huge debt that was nationalised by Domingo Cavallo. All are the same crap like the Macri’s, Benito Roggio, Bulgueroni, Perez Companc, etc, etc.
Ah! I don’t want to discriminate I forgot the Gotelli family Mafia who together with Macri performed a Ponzi Scheme to bankrupt the bank of Italy in Argentina.
So check your sources first mate because you are falling miserably to convince anyone with your BS.
Whatever you say cheeseberger. I'll be down there in a few months again anyway. I always like to based on opinions on what I read, see and experience.
Sep 09th, 2012 - 01:28 pm - Link - Report abuse 0PS
I have seen the prices of food rise here in the USA also. Freaking eggs went from 1.95 to 2.00 a dozen for jumbos , noticed that yesterday. A month in BsAs and see see prices rising almost weekly. But whatever. Like I said.....it's what I see and experience.....not just read.
“oh jump up, turn around, pick a bag of soy bean.....oh jump up, turn around pick a bag a day......ooooooh man I can pick a bag soy bean, oooh man I can pick a bag a day!”
@ Captain Poppy
Sep 10th, 2012 - 03:58 am - Link - Report abuse 0Why are you coming to Argentina if everything is so bad according with you? Are you crazy?
Why don’t you go to some better place like UK, Spain, Iceland, Buffalo or Destroy o sorry I mean Detroit in US?
Back to Paolo’s complain...
Paolo Rocca (Techint Group, Siderar, Tenaris, Dalmine Italy, Ternium , Techint Luxembourg, Techint E&C, Tenova Group, Tecpetrol, Humanitas Italy, etc, etc)
Techint worldwide http://www.techint.com/~/media/TechintCom/GroupMap/OT_map_2012.ashx
Was cited by multimedia Group Clarin as complaining about the cost of the average industrial salaries in Argentina which according with his own words cited by Clarin is US$24 an hour versus US$12 in Mexico, US$9 in Brazil, etc. That affects competitive and makes impossible to invest localy.
Axel Kicillof reply to him that what Paolo Rocca doesn’t say is that his companies sale its products in Argentina at higher price in US doll than in any other part in the world. And that the taxpayer are subsiding his energy cost among other items.
And if wouldn’t be for the govt. that protects national industries he will be broke if the govt allows to import cheap similar products from elsewhere.
As he got into panic attack because what Axel says is true he wrote a letter to deny what Clarin wrote, saying that he become a victim of the bad information wrote for a journalist of ClarinMiente group.
The thing is that Clarin in the article never cited the journalist but in a new article ClarinMiente named the journalist blaming her for the article.
Of course Clarin a Rocca are liars as this was a typical media operation that had failed miserably as usual.
http://www.techint.com/~/media/TechintCom/GroupMap/OT_map_2012.ashx
The letters published by La Destruccion of Mite
http://www.techint.com/~/media/TechintCom/GroupMap/OT_map_2012.ashx
http://www.techint.com/~/media/TechintCom/GroupMap/OT_map_2012.ashx
http://www.techint.com/~/media/TechintCom/GroupMap/OT_map_2012.ashx
If you've kept up on your reading, you would know my wife's family still lives there and usually go once or twice a year. I married an argentine burger........why else would I post anything about RGland?
Sep 10th, 2012 - 10:23 am - Link - Report abuse 0jejeje.....“I married an argentine burguer” that is not true.
Sep 10th, 2012 - 05:33 pm - Link - Report abuse 0You are Conqueror
a british wimp
like Isolde Yensere-ly Skare
more crap in the Port-A-John...jejeje
Trolls have failed to digress and divert attention: September 13 Porteno's get out and revolt!!! Only Macri can save you now!
Sep 10th, 2012 - 07:38 pm - Link - Report abuse 070% of Argentines Disapprove of Populist Leader's Economic Policies
BUENOS AIRES, Aug. 29, 2012 /PRNewswire-USNewswire/ -- President Cristina Kirchner's popularity has fallen dramatically amid worries of high inflation according to Argentine polling company Management & Fit. Just 30% of Argentinians approve of her handling of the economy, an approval rating that has continued to drop over the last year.
According to reports, growing public discontent is largely a result of economic contraction and soaring inflation, which has eroded purchasing power. The nation's statistics agency, INDEC, reported an annual inflation rate of 9.9% in July, but private analysts estimate it is running well above 20%. The Kirchner Administration bans the publication of independent economic data that conflicts with the Government's reports and formally suspended three consumer-focused NGOs this week after they published inflation data that differed from official statistics.
“Argentina's runaway inflation – now among the highest in the world – reflects the degree and depth of the Kirchner Administration's economic mismanagement. The Argentine people are still suffering from President Kirchner's mismanagement of the debt default and restructuring. The failure to repay the country's debt to private creditors has left the government effectively locked out of the international credit market and has discouraged foreign investment. Price subsidies and strict currency controls have added to the country's macro-economic problems.”
”It is no surprise that the President's popularity wanes as Argentina's real inflation statistics become known. These poll results illustrate that the majority of Argentines do not support the government's protectionist and isolationist economic agenda. In
@94
Sep 10th, 2012 - 09:57 pm - Link - Report abuse 0Conqueror Captain Poppy whimp
SHUT UP your british ARSE!
Argentina On The Brink: What Is The Real Investment Risk?
Sep 10th, 2012 - 11:28 pm - Link - Report abuse 0seekingalpha.com/article/477871-argentina-on-the-brink-what-is-the-real-investment-risk
no more dollars
@Captain Poppy
Sep 11th, 2012 - 07:08 am - Link - Report abuse 0Oh! Poor Poppy he doesn’t know what more to take out from his hat to deny facing his poor destiny in whatever place he is US tent city/UK slum/Tijuana/Miami shit/Villa 31. A real mystery I should say.
Poppy please don’t come to Buenos Aires or Argentina its not a good place for you I recommend you London where all is so much clean, nice, rich and in English.
Well I’m not so sure now if you will be able to understand them, but a good course of cockney will help a lot.
Sure you will feel at home
http://www.youtube.com/watch?v=gR3FwTtBVjk
http://www.youtube.com/watch?v=gR3FwTtBVjk
They have good shopping places and buildings as you can see above.
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