Former Economy Minister Domingo Cavallo assured that Argentina’s current problems are much more serious, than back in 2001 since nowadays “people are desperate because they want to preserve the value of their savings and the Government does not allow them to do so”. Read full article
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Disclaimer & comment rulesThis cock up merchant is just sore because (unmentioned in the article) she called him out in her speech, as an example of a Harvard alumnus who actually hadn't a clue. For him to say its worse than 2001 now is self serving rubbish, as he, maybe more than anyone else, was to blame for 2001!
Oct 01st, 2012 - 09:10 am - Link - Report abuse 0There’s some sort of things and people that caused me a lot of shame and embarrassment.
Oct 01st, 2012 - 09:46 am - Link - Report abuse 0Mr. Cavallo is one of them. Where he has left his dignity?.
Not matter what political sign you are; I’m not Kirshnerist or even Peronist. But this man is a disgrace to Argentina!!!
I would not dare to even speak to the press if I'll be him.
Seems the might just be starting to be some distinctions in argieland. Argentines and argies. Argentines who are willing to stand up publicly and tell the truth. And argies that lie at every turn. Perhaps there might be a small group of Argentines who regret their country's bloody history of repression and murder. Who can see that the way to gain respect is to deal honestly and pay one's debts. Who fail to see any need to colonise an additional 4,700 square miles of territory that belongs to someone else when they can't even administer the 1,073,518 square miles they already have properly or honestly. As distinct from argies that think they have a God-given right to kill and murder and steal. That have to whine every day about how unfairly they are treated and that everyone is against them. That anything they want should be theirs simply because they want it. And are prepared to do anything. Argies - anti-social little brats without the intelligence to understand the meanings of the words honesty, integrity, truth. Will argies ever choose to put a foot on the evolutionary ladder?
Oct 01st, 2012 - 10:57 am - Link - Report abuse 0Speaking of the check tax, this is one of the most perverse taxes they charge us! And it's not only on checks! They charge 1,2% on EVERY deposit and withdrawal from a checking account. So even if you deposit money in a checking account, and then take it out, WITHOUT writing a check, the state keeps 1,2% believe it or not! And of course by LAW any transaction that you pay over $1000 pesos (approx. $175 dollars) MUST be paid by check, it's a total money grab. And think of all of the credit and debit card transactions, all businesses are required to have these payments BY LAW credited to a checking account, so Kretina's government gets 1,2% of every credit and debit card transaction in their pocket, and we get NOTHING as citizens to show for it! Our hospitals look like haunted houses or leper colonies from the 1800s, schools have no heat and the ceilings fall down on the students, the subways are falling apart, train accidents, no justice system, just Kretina and her Kronies enjoying millions of our hard earned money. And companies are leaving Argentina every single day, the largest employer is the state, a bunch of lazy useless government employees, crazy new ministries created every day! The other day I was walking around the city and I saw a sign for the National Argentine Institute for Portland Cement can you imagine who works there and what they do all day? Probably charge tax and fees on every bag of portland cement, some floozie secretary with a boob job and who knows what else!
Oct 01st, 2012 - 11:18 am - Link - Report abuse 0“Incompetent people excuse their mistakes; competent people abandon and fix them”
Oct 01st, 2012 - 11:52 am - Link - Report abuse 0For you and asslips BK
Let's hope the strategic goal of the National Argentine Institute for Portland Cement is to fashion a figure hugging overcoat for CFK.
Oct 01st, 2012 - 11:59 am - Link - Report abuse 02001 was very different than now. This immenent crash and the following depression will be much worse and last a lot longer. There is a generational depression coming and nothing will stop it as long as CFK is ruling.
Oct 01st, 2012 - 12:10 pm - Link - Report abuse 0She is mightly dumb and arrogant with a touch of delution thrown in for good measure.
Sometime soon the Fed and most Prov gov'ts will be out of cash. They already robbing Peter to pay Paul and you can only do that for so long before it catches up to you.
It is just a matter to time, if they get thrown out of IMF in Dec CFK has lost the war all of her options are gone.
Yankee, you lived in Argentina and I am only an ocassional visitor. I do not get when even the people that hate her so, she will be in office again becasue there is no one to oppsoe her. Are they saying the opposition has not chosen someone yet, or no one wants to run against her, or the is no competent candidate? I mean, how hard can it be to surpass her level of competence?
Oct 01st, 2012 - 12:43 pm - Link - Report abuse 0Dr Cavallo's economic policies collapsed at the end of 2001. Perhaps his currency peg was not such a good idea? Was this taught at the Harvard Business School?
Oct 01st, 2012 - 01:12 pm - Link - Report abuse 0Of course the situation is worse than in 2001 because the developed world is in a deep economic crisis which may take many years to unwind.
We are all paying for a litany of corrupt and incompetent economic management in the developed world. Just wait and see what happens when the Euro-zone falls apart, Greece will be expelled and Germany will leave the zone. They have had enough of bailing out mickey mouse economies.
Yankee Boy has written sense unlike some others
Cap, The opposition is shamefully disjointed. You have to remember Argentina is not civilized nor is it a democracy. There is no independent press or judiciary. CFK has full use of the Fed gov't $ to use however she wants, if a Provincial Gov is getting out of control the $ stops flowing, and the same goes for every business. She can use Police and the judiciary to destroy anyone or anything. Laws are meaningless if you control the courts.
Oct 01st, 2012 - 01:18 pm - Link - Report abuse 0She is weak though and Peronism requires Fear of the Prez/Govt to surive and thrive. Unless something drastic happens the economy will implode and she'll lose the Gov't soon enough.
They may go through anther 5 Presidents in a week though like last time.
The guy that had ruined Argentina trying to lecture Queen Elisabet Cristina about how to run a country.
Oct 01st, 2012 - 01:21 pm - Link - Report abuse 0Just laughable...
@1
Oct 01st, 2012 - 01:36 pm - Link - Report abuse 0This one incident more than any highlights what a poor quality political operator she is. Her supporters can always argue away the mismanagement of the economy based on questionable data, but there is no getting away from the fact that at Harvard she was incapable of answering soft questions from students and resorted to insulting the questioners, certain Argentine educational establishments and the intelligence of anyone listening.
Those paranoid Argies who believe that the US/UK is out to destroy Argentina must surely question who she is playing for. She is a one-woman own-goal machine.
I can't stand Kirchner and the stupid average Choripanero Kirchnerista, but this idiot takes the gold.
Oct 01st, 2012 - 01:58 pm - Link - Report abuse 0This man is a living joke, he's the main reason why Argentina got so fucked in 2001.
The Argies voted this regime in knowing full well that Nestor was a crook and TMBOA was bi-polar, screamed her head off at everyone who disagreed with her and FatBoy was in the same mould as his parents. ThinGirl seems out of the loop.
Oct 01st, 2012 - 02:19 pm - Link - Report abuse 0The third that did not vote last time need to wake up and get her out. But here’s the rub: who is there to run an honest government?
So they deserve what they have got and what is coming down the train line. Another wreck.
I just feel really sorry for the likes of Simon68 and the others who voted against her but are held as a hostage to fortune nevertheless.
14 ChrisR (#)
Oct 01st, 2012 - 02:25 pm - Link - Report abuse 0Oct 01st, 2012 - 02:19 pm
Thanks for your sympathy, ChrisR, as I was saying on the first thread, we need an opposition canditate made up of Julio Cobos, Hermes Binner and Mauricio Macri all rolled into one.
Comment removed by the editor.
Oct 01st, 2012 - 02:49 pm - Link - Report abuse 0How about this? What if the Argentine opposition flies over to Santiago and has a sit-down with some people in the Chilean government to learn how to grow an emerging-market, commodities-based economy? They're right next door. It's a short flight. They can also pick their brains to find out how best to present those ideas to the common working stiff and show him/her how their future will be brighter by following some common-sense economic policies.
Oct 01st, 2012 - 02:57 pm - Link - Report abuse 0Is everything perfect in Chile? Far from it. Is the Chile's future brighter than Argentina's? You betcha...
Whew the selective memory of Rgs is breathtaking! Don't any of them remember the Austral and the 30,000% inflation? Any of them?
Oct 01st, 2012 - 03:07 pm - Link - Report abuse 017. They had the opportunity to fix everything in the 90s under the IMF guidance but they didn't follow the recommendations, had rampant corruptions in selling former RG gov't owned business and subsequently crashed their economy.
@16 Prvtes-tugger
Oct 01st, 2012 - 03:08 pm - Link - Report abuse 0Aka ALEX VARGAS
Shut -up. You are a self-acclaimed racist suburbanite kid, hiding out in Canada, living with your parents.
You do not live in Argentina and you cannot travel there without being prevented from re-entering Canada.
We Argentines love CFK because she doesn't murder Innocent Muslims Women and children in Afghanistan, Iraq and Libya to theft resources and arm terrorists as USA, UK and France does. The english here should stop murdering innocent Muslims before talking trash about our elected President CFK. I invite you all to take your bias, racist opinion to your community and stop murdering innocent Muslims women and children before commenting on CFK, we Argentines don't listen to murderers and child molesters from UK, USA and France.
Oct 01st, 2012 - 04:17 pm - Link - Report abuse 0#17 we Argentine don't take advise from murderers of Innocent Muslims women and children, thanks but, NO THANKS!
#18 I don't like homosexuals let's hope that's not hour problem, we ARGENTINES do remember the 30000% inflation before the K's and for that reason all Argentine's need to vote for CFK IN 2015 again.
#19 lol said an European, I don't think the US wall is high enough to prevent me from entering our land in North America. I am not too sure you know how things work in America. All they can do is pay for my vacation trip to Argentine because I can comeback any time I wish, the canadians can't stop me but just slow me down. By the way the visa and papers are for Europeans not us natives we go and comeback as we please while you keep building a wall lol, there are 15 year old mexican kids going back and forth over the wall as they wish, and now we even have automatic weapons made in USA to shoot the border patrols with. Thanks to good old uncle Sam.
Are you a fan of prvtes-tugger because you seem to like the name.
Harvard students forgot to ask some of the best questions:
Oct 01st, 2012 - 05:11 pm - Link - Report abuse 0What drugs are you on? Or are you simply crazy?
Where/how do you plan to escape to when Argentina implodes and they want your head on a pike?
20
Oct 01st, 2012 - 05:21 pm - Link - Report abuse 0We Argentines love CFK
what the whole 25,5% seen the latest independent popularity poll of cfk lol!!!
lol Pirate Tugger is clearly a child. This is simple, Pirate Tugger: go back to Argentina right now if you love it so much......but we KNOW you won't, you pathetic pansy, because we both know its a sh*thole.
Oct 01st, 2012 - 05:29 pm - Link - Report abuse 0And lol @ your talking big about shooting border guards, PLEASE go try it.....and get shot and left bleeding to death, we would lol so hard.
You should go strap a bomb to chest and blow yourself up in some Middle Eastern marketplace since you love Muslims so much. Canada's on USA's deick, we tell em who to kill and when, nuff said, they're totally in bed with us. Don't like it? get the eff out!
WHINING LITTLE COWARD WHO WON'T DO ANYTHING BUT SCREENSTARE ONLINE AND COMPLAIN IN A CHAT ROOM
#23 he is a child that is why he is such a cowardly chica. He runs away from the disgraceful troubles asslips kirchner has created.
Oct 01st, 2012 - 05:33 pm - Link - Report abuse 0Oh yea, and Pirate Tugger, Argentina started/launched the Falkland's War, good job with that not killing thing. You just suck at war/killing, but your country very much loves it. Sided with Germany in WWII also.
Oct 01st, 2012 - 05:34 pm - Link - Report abuse 0@23
Oct 01st, 2012 - 06:07 pm - Link - Report abuse 0Captain Poppy, “Privates - Tugger ” is ALEX VARGAS and he lives in Canada.
He is NOT la Campora at all.
They are professionals, paid by CFK.
That kid, Alex, is an amateur.
You are right, though, he is very very angry, but just an impotent “hater”.
He really has no connection with Argentina.
His parents moved the family out of there for a better life.
Despite growing up in a society with great public education and government subsidised university, he is a failure.
Now he blames everyone else, but him.
His parents must be so proud.
Best ignored.
Yes ....very angry. He needs a dose of cerebral viagra.
Oct 01st, 2012 - 06:27 pm - Link - Report abuse 0Back on topic, question, is this Cavallo correct when he says:
Oct 01st, 2012 - 06:41 pm - Link - Report abuse 0“2001. At that time people bought dollars but in only one market, with total freedom. Thus, there was one value.
This would seem to be somewhat different to the “nonexistent” dollar clamp of today.
26. I have a hard time believing PH grew up in Canada, his english is atrocious and has his logic is nonsensical. If I would his parents I would take his school to task!
Oct 01st, 2012 - 07:19 pm - Link - Report abuse 028. The U$ was 1:1 with Arg Peso until the economy crashed and the immediately converted all Peso denominated bank accounts to ( I think) 3:1. Now it is almost 7:1 and I bet 10:1 by Xmas.
People flooded to get dollars then. Unlike the nonclamp she wants the media to rename. How about the illicit U$ dollar, or the outlaw dollars, or the forbidden greenbacks.
Oct 01st, 2012 - 07:21 pm - Link - Report abuse 0So he is right when he says people in Argentina could protect their money back then in a way they can’t now.
Oct 01st, 2012 - 07:34 pm - Link - Report abuse 0By the time it gets to 10:1 your money is worthless outside Argentina, and inflation (also nonexistent) destroys its value in Argentina.
No wonder they are pot banging.
Why Pitato-Hunter, you need to get back on the meds ASAP dude.
Oct 01st, 2012 - 07:56 pm - Link - Report abuse 031. Yep and so many RG have put their savings into property thinking it will keep up with inflation but not knowing it has been a bubble that has already burst.
Oct 01st, 2012 - 08:14 pm - Link - Report abuse 0The condo I lived in BA was bought in the 90s for 750K as a retirement vehicle, I offered them a 1/3 of that in 2002, it may be worth 450K now but then again who knows how much it will fall as people get desperate for U$ quite possibly back to 2002 levels or lower since no foreigners are buying now.
lol, when Argentina implodes, we should all meet for a celebratory toast in the Falklands :P
Oct 01st, 2012 - 08:20 pm - Link - Report abuse 0Comment removed by the editor.
Oct 01st, 2012 - 09:29 pm - Link - Report abuse 0#23 keep sending m16's to Mexico to shoot American border patrols like our old friend terry. We are under then influence of the Pentagon to exterminate americans and european mix. Starting in ciudad Juarez, sorry dude but your cryes will go unanswered.
Oct 01st, 2012 - 10:17 pm - Link - Report abuse 0#24 I rather be a child then a homo we already know about your preferences, you opened up your cocktrap way too may times.
#25 my generation won't be as stupid nor as forgiving as our ansestors, my generation will cook illegal aliens for breakfast, my generation will get a nuclear defence program legally or illegally.
#26 many homos have a fantasy about me but you win the cake, very creative.
#27 whats up with homosexuals and their constant fantasy with my libido? I ask you because none of your homo friends will respond for some reason.
#29 aren't you busy murdering innocent Muslim women and children in Iraq, Afghanistan, Libya and Syria??? What is your problem with Argentina ? You don't like other races??? Do us a favor and stop killing Muslims before you start shooting all Latin Americans.
#34 we will cheer as well when Falkland explodes and everyone there is poisoned. lol we Argentine demand our leaders for a nuclear defence program to keep British away from our land.
Pirat
Oct 01st, 2012 - 11:19 pm - Link - Report abuse 0You have to forgive your father!, and try and stay away from that firewater.
@zhivago
Oct 02nd, 2012 - 12:28 am - Link - Report abuse 0Perhaps this should just be PH ALEX's swan song :-)
It's time he should be in Coventry
:-D
Isn't fatsimo the fat fuck kirchner his dad? and asslips his mom? Wouldn't you be angry with a chip on your shoulder?
Oct 02nd, 2012 - 12:32 am - Link - Report abuse 0@ 15 Simon68
Oct 02nd, 2012 - 03:53 am - Link - Report abuse 0we need an opposition canditate made up of Julio Cobos, Hermes Binner and Mauricio Macri all rolled into one
I should say, that according to my experience from when I was living several years in Argentina, the Argentinos need to wake up, stop the cacerolazas and instead become active in politics.
If a large number of voters join the opposition party of their choice, they can oust the rotten 90 per cent of the opposition politicians and install some honest ones, provided they stay active in the parties and root out those who only pretended to be honest.
This is how it was done elsewhere in the world.
I personally don’t care who is in power while he/she follows Queen Cristina Elisabet I policy in Economy.
Oct 02nd, 2012 - 09:16 am - Link - Report abuse 0What Argentina has to do:
1- Get rid of the dollar and forbid any transaction in that currency with the exception of imports exports.
2- Provide loans to trade partners in pesos to by Argentinean products.
3- Together with Mercosur and Unasur partner push forward to make UNASUR bank the institution for reference to replace IMF.
4- Tax reform to avoid distorted taxes created in the Cavallo & Menen times that makes like in Continental Europe life hard for little and medium companies.
5- Return to the grand dad style system when a company had 1 years to operate without paying any tax until the business was consolidate.
6- The elimination of tax preferences created during Monkey Menen Cavallo times that privilege big retailer chains and the elimination of “Ingresos Brutos” shit tax.
7- Universal health coverage service with identification just for permanents resident foreigner would have to pay or only be treated for emergencies.
8- VAT to be lowered to 7% and put more pression on multinationals and big companies that reports earnings like a little business.
9- The creation of a specialised bank for little and medium companies with preferential low rates. Any new little company created will provide more social benefit that thousand of social plans.
10- When a worker lost her/his job would receive 50% of the salary pay for the state with the condition to be relocated and trained in a new company that is willing to take her/him for 6 month. If he is found to be a lazy he will lost all benefits.
11-Companies will be protected with available tools until 35% external tariff if they can provides improvement in production and investment.
12- English Speakers will be taxed just for idiots. Ha ha
77 days
Oct 02nd, 2012 - 10:11 am - Link - Report abuse 0@Captain Poppy
Oct 02nd, 2012 - 01:18 pm - Link - Report abuse 0Are you planing to attend Oktoberfest in Cordoba?
I'm flying right down to sample beer of which the German variety is not to my liking. We have even Oktoberfest's here in the states, especially the New England area.
Oct 02nd, 2012 - 04:41 pm - Link - Report abuse 0Chile is not behaving. Spank! Spank!
Oct 02nd, 2012 - 09:55 pm - Link - Report abuse 0http://www.foxnews.com/world/2012/10/02/un-agency-says-it-will-stop-calculating-chile-stats-after-25-years/
43 DB
Oct 02nd, 2012 - 10:43 pm - Link - Report abuse 0Wouldn't it be cool if everyone on this forum did get together in Villa General Belgrano for Oktoberfest, sure there might be a few problem but I would bet we'd have more in common than what is portrayed here.
#46 I agree, you might even not want to hang me any more =)
Oct 02nd, 2012 - 11:50 pm - Link - Report abuse 047
Oct 03rd, 2012 - 01:31 am - Link - Report abuse 0Certainly!! Any talk of CK would have to be off-limits, but otherwise it would be fine!
A huge cacerolazo (pot banging protest) in protest of the Kirchner corrupt governement, is planned for November 8th not only in every single city and town in Argentina, but in front of every Argentine consulate all over the world! Here's the link:
Oct 03rd, 2012 - 03:57 am - Link - Report abuse 0http://www.facebook.com/events/315644108534028/
Dany Berger is actually Peron .
Oct 03rd, 2012 - 08:03 am - Link - Report abuse 01- Get rid of the dollar and forbid any transaction in that currency with the exception of imports exports.
HOW DO PEOPLE TRAVEL TO SELL EXPORTS ?
2- Provide loans to trade partners in pesos to by Argentinean products.
SIMPLY CREATES MORE DEBT AS PESO DEVALUES DUE TO INFLATION
3- Together with Mercosur and Unasur partner push forward to make UNASUR bank the institution for reference to replace IMF.
YOU WILL NEVER GET AN ACCORD ON THIS . EVEN EUROPE CAN'T AGREE ON A CENTRAL BANK.
5- Return to the grand dad style system when a company had 1 years to operate without paying any tax until the business was consolidate.
ARE YOU FEELING OK DANY ?
6- The elimination of tax preferences created during Monkey Menen Cavallo times that privilege big retailer chains and the elimination of “Ingresos Brutos” shit tax.
LOWERING TAXES IS TOO GOOD AN IDEA
7- Universal health coverage service with identification just for permanents resident foreigner would have to pay or only be treated for emergencies.
WHO MEETS THE COST ? THOUSANDS OF PERUVIAN/BOLIVIAN/PARAGUAYAN HEALTH TOURISTS LET IN BY KRETINA HAVE ALREADY BANKRUPTED SALUD PUBLICA .
8- VAT to be lowered to 7%
GOOD IDEA !
and put more pression on multinationals and big companies that reports earnings like a little business
THEY THEN F*CK OFF TO BRAZIL , BAD IDEA .
9- The creation of a specialised bank for little and medium companies with preferential low rates. Any new little company created will provide more social benefit that thousand of social plans.
WHY NOT JUST HAVE STATE SPONSORED ASADOS , LIKE NOW ?
10- When a worker lost her/his job would receive 50% of the salary pay for the state with the condition to be relocated and trained in a new company that is willing to take her/him for 6 month. If he is found to be a lazy he will lost all benefits.
IF ONLY .....
12- English Speakers will be taxed just for idiots. Ha ha
@scarfo
Oct 03rd, 2012 - 12:31 pm - Link - Report abuse 0Oh! And you must be “William Shakespeare” on steroids and can see that right now by your sentence...
“a bit like youre poor engrish!!!”
@Usurping Pirate
1-“HOW DO PEOPLE TRAVEL TO SELL EXPORTS ?”
Have you ever heard about E-commerce platforms, Void Service, Tele conferences, Internet, etc?
Anyway no problem will be allow people to use USD for business travels.
2- Provide loans to trade partners in pesos to by Argentinean products.
SIMPLY CREATES MORE DEBT AS PESO DEVALUES DUE TO INFLATION
Nope
3- “YOU WILL NEVER GET AN ACCORD ON THIS . EVEN EUROPE CAN'T AGREE ON A CENTRAL BANK.”
Already created sorry...
http://en.wikipedia.org/wiki/Bank_of_the_South
5- ARE YOU FEELING OK DANY ?
Yes,
7-Was not Cristina the universal system always existed even in Menem necon times anyone even not being a permanent resident of Argentina was granted to have access to public health system.
So my proposal will limit the pubic health service only to those permanent residents that can prove that have more than certain time living in ARG:
9-No “Asados” just subsided credits to promote new companies. For ASADOs English style you have Bailouts for bankers in UK and US.
Looks like the started smelling coupe. One week they cut their wages 60%, today in one half hour.....they gave it back and raises. The rumblings of a coupe was narrowly diverted......for now.
Oct 03rd, 2012 - 04:10 pm - Link - Report abuse 0http://www.buenosairesherald.com/article/113197/border-coastal-guard-officers-pursue-wage-protest-
@51 : You are Kicciloff and I claim my prize .....God , you are so dumb .
Oct 03rd, 2012 - 04:59 pm - Link - Report abuse 020 Pirat-Hunter
Oct 06th, 2012 - 06:33 pm - Link - Report abuse 0We Argentines love CFK because she doesn't murder Innocent Muslims Women and children in Afghanistan, Iraq and Libya to theft resources and arm terrorists as USA, UK and France does
No, you just murder innocent Argentinians and push nun's out of planes. I don't know what is more sickening, your support of KFC or your knowledge of Argentine history..........
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