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Dollar in Argentina ‘brushes’ 10 Pesos; urgent meeting of Cristina Fernandez economic cabinet

Saturday, May 4th 2013 - 04:18 UTC
Full article 54 comments

For a third consecutive day the ‘blue’ dollar which trades in Argentina’s informal market established a new record and after having brushed 10 Pesos in earlier trading finally closed Friday at 9.84 (buying price) and 9.88 (selling price) Pesos. Read full article

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  • ArmitageShanks

    ha ha ha ha ha ha ha ha ha ha

    Silly politicians. Don't mix economics and politics.

    May 04th, 2013 - 04:26 am - Link - Report abuse 0
  • Anglotino

    The economic messages coming out of the Argentine government are farcical.

    It is not 100,000 or 200,000 people “speculating” on the currency. It is people attempting to hedge against inflation. But as the government continues to lie about inflation, contrary to all the facts stating otherwise, then people will do what they can to protect themselves from a government that is supposedly working for all 40 million Argentineans.

    I'm reminded of banks in İstanbul when I backpacked there. They were always so crowded. What everyone did was take their pay packet there instantly and exchange lira for US$ to hedge against inflation. Inflation was running around 100% per year and had been for a long time. They wouldn't save in their own currency because it was akin to throwing money away for every day you held it.

    This is what is driving the blue dollar rate. And instead of recognising that and tackling the problems that are causing actual inflation of nearly 30%; or tackling the further loss of competitiveness of an overvalued official exchange rate; or the collapse in foreign investment, the government keeps trying to find conspiracies.

    The conspiracy is, this government that cannot manage the economy.

    People get castigated on here for predicting economic problems in Argentina. But they are never told that they were right when they actually happen.

    The currency is collapsing.
    Inflation is out of control.
    Growth has stalled.
    Reserves are being used to pay debt and hence falling.
    Foreign investment is withdrawing.
    Poverty is increasing.

    Why do people feel they are defending Argentina's honour by denying these things?

    A country is bigger and more than just a government. This government has FAILED and is now trying to hide its failure.

    Argentineans or Argentine supporters are compounding the problem by ignoring it or making excuses.

    May 04th, 2013 - 05:13 am - Link - Report abuse 0
  • Think

    (1) ArmitageShanks

    What a Turnipy comment…. You could as well have written:
    Don’t mix Ebony & Ivory.
    Don’t mix Man & Woman…
    Don’t mix Bread & Water......

    Anyhow, back to reality…..
    This “Dollar Rush” is quite different than the ones I have had the displeasure to witness before….. Some elements are similar, though:
    1) ”.... Argentine industry has lost 30% to 40% of competitiveness in the last three, four years..” (NA: because of the overvalued Peso)
    2) ”…. according to Central Bank figures……. only 12% of the population had dollar savings” (NA: only half of those savings were bigger than U$S 1.000)
    3) “….some business groups seek an abrupt devaluation to benefit their businesses, putting pressure on the government to destabilize it and force an exit”.

    Some elements are quite different:
    1) Argentina has, today, a sound, productive economy.
    2) Argentina’s reformed fiscal system is taxing those that deserve to be taxed.
    3) Argentina has a much reduced foreign debt and international credit dependence.

    Therefore, I am with the Government line of Mercedes Marcó del Pont and Axel Kicillof, on this one…
    1) Continue with the controlled and progressive devaluation of the Argentinean peso to maintain competitively.
    2) Let the ”100,000 speculators” play at will with their ”20 Million U$S a Day Blue Dollar Market” until they choke themselves.
    3) Register and investigate each and every ”big transaction in the “Blue Market”.
    4) Apply the full strength of the law against anybody ”investing” undeclared, untaxed and/or illegal gotten monies in the ”Blue Market”

    No Pasarán
    El Think, Chubut, Argentina.

    May 04th, 2013 - 06:01 am - Link - Report abuse 0
  • reality check

    If it looks like shit, smells like shit and feels like shit, it's shit!

    Your people back in your abandoned motherland are well and truly in it!

    May 04th, 2013 - 06:14 am - Link - Report abuse 0
  • tapestry-of-grapes

    Didn't Bodou print lots of pesos in his garage and now no one wants them? Is that why he's so upset?

    May 04th, 2013 - 07:10 am - Link - Report abuse 0
  • Ayayay

    Doesn't Axel publically save in dollars?

    May 04th, 2013 - 07:29 am - Link - Report abuse 0
  • Redrow

    @3 Think

    The question that jumps out for me is why there are only 100,000 people in Argentina smart enough to defend themselves from their government trying to make them poorer? Is it patriotism that drives the people's largesse or do they simply not have any spare cash to save? And if Argentina's economy is so sound and productive then why devalue to become more competitive. It's one or the other. You don't make your people poorer when things are going well, you do it when things are going badly in the hope of an export-driven recovery.

    May 04th, 2013 - 07:30 am - Link - Report abuse 0
  • Stevie

    Great news!
    Pesification still going strong.
    Which is the main reason they are so upset with Argentina.
    You can take their lives, but don't you dare touching their money...

    No pasarán.

    Nunca mas!

    May 04th, 2013 - 07:33 am - Link - Report abuse 0
  • reality check

    You need to check the bottom of your shoes, ignoring it, never makes it go away!

    May 04th, 2013 - 08:00 am - Link - Report abuse 0
  • trenchtoast

    10 Pesos for 1 Dollar eh..! You need more than 1.5 Dollars just to get 1 of Her Majesty's British Pounds. ;0)

    May 04th, 2013 - 08:17 am - Link - Report abuse 0
  • LEPRecon

    It never ceases to amaze me that CFK's most rabid supporters don't actually live in Argentina so don't a tually have to live with the consequences of her economic madness...er...model.

    Yankeeboy will be pleased though. All of his predictions are coming true.

    Now all that's left to do is sit back and watch Argentina implode. Although I do have a certain sympathy for the Argentine people, I can't help but feel a little happy that the socialists have stayed true to form and destroyed the economy, just like they always do.

    The best thing Argentinian people can do now is string up the government so they can't enjoy the money they stole from the Argentine people.

    May 04th, 2013 - 08:27 am - Link - Report abuse 0
  • Beef

    1) Continue with the controlled and progressive devaluation of the Argentinean peso to maintain competitively.

    What metrics are you going to use considering using anything other than those stipulated by your gvt are is an admission that your gvt are lying. In terms of your progressiveness, are you suggesting giving a better rate to those who exchange smaller amounts (which is the polar opposite of what is done in the normal world where larger transactions {above £25k} are traded directly on the forex markets).

    2) Let the ”100,000 speculators” play at will with their ”20 Million U$S
    a Day Blue Dollar Market” until they choke themselves.

    Did they line them up and count them? You know like I do this number was plucked out of a Christmas cracker.

    3) Register and investigate each and every ”big transaction in the “Blue Market”.

    Why are not your large transactions monitored anyway (like any transaction above £10k in the UK are)? What are you then going to do with any large transaction that is found? How are you going to stop people doing two or three smaller transactions instead of one large one (like your population often do in supermarkets to avoid the gvt getting in the way of their economic liberty)? Not implementable really.

    4) Apply the full strength of the law against anybody ”investing” undeclared, untaxed and/or illegal gotten monies in the ”Blue Market”

    Please tell me how you would determine if money is undeclared, untaxed (impossible to prove if someone has a fist full of pesos), if the cash was illegally gotten then this would require a trial by a court to prove the money was gained through illegal means (or are you suggesting doing away with the justice system now).

    ..... and you have the nerve to call us Brits Turnips. No wonder your country is screwed. Ultimately it is your fault as you voted for this shower.

    May 04th, 2013 - 08:38 am - Link - Report abuse 0
  • Think

    (12) Mr. Beef

    1) The metrics for a controlled and progressive devaluation of the Argentinean peso to maintain competitivity should derive from a close dialogue between Argentinean policy makers and Argentinean producers.
    Not from Argentinean speculators, Yankee Banksters or English Turnips……
    In my humble opinion the Argentinean peso is, at the moment, overvalued by about 20%.
    6.00AR$ for 1 U$S would be a more “realistic” exchange rate....

    2) Maybe the ”100,000 speculators” figure is ”plucked out of a Christmas cracker”…… But what a wise ”Christmas Cracker” it is…….

    3 & 4) Absolutely implementable really.....
    Everybody who is anybody down here knows who the ”Big Players” are at the ”Blue Market”… From there on is just a matter of registration, investigation and prosecution….
    It’s always surprising how talkative those “Business People” become when offered a sentence reduction in exchange for information against their clients…..

    5) a) I call a Turnip a Turnip, irrespective of its origin or nationality...
    b) My Country (Argentina) is not “screwed”.....
    c) It’s not my “fault” because I didn’t vote for this government….. But I support many of its policies…..

    May 04th, 2013 - 09:52 am - Link - Report abuse 0
  • andy65

    @ Think, Poor poor Think trying to put a positive spin on the situation,have you ever considered leaving Europe and going back home to help your country out I mean it's going down the shitter so fast now.

    May 04th, 2013 - 10:05 am - Link - Report abuse 0
  • reality check

    It's got more threads than a Whitworth (-:~

    May 04th, 2013 - 10:07 am - Link - Report abuse 0
  • yankeeboy

    I love when the only way for an CFK supporter to debate is, it is not as bad as X or it is not as big as Y.
    Such lies and distortions
    The people who are exchanging peso for the U$ through the “trees” are small desperate savers that are smart enough to know to get out of the peso while they still can.
    It's the people with 1, 3 10K stashed under their bed that they see going down rapidly in value everyday. The rich people have never kept their u$ in the country it is safe in the USA UK Swiss or Cayman.
    The poor don't have any savings so what is left?
    The shrinking and desperate middle class who are not rich enough to open a foreign account but do have some money squirreled away for emergencies.

    Property which was considered to be safer than a bank is not finding any buyers, one real estate friend of mine said it is much worse than 2001! You'll see values start to deteriorate as the people get desperate and re forced to sell. You can only hold on for so long when the taxes, monthly maintenance etc are due.
    I have long thought ath 10/1 will be the panic number. I guess we will see in the next few days/weeks.
    The timing is really bad, peso crashing, trade surplus turning into deficit, farming strike coming, BCRA funds gone, Anses funds gone, YPF U$ gone and it is only going to get worse.
    Worse and worse
    until she is forcibly “retired” her and the top 1000 or 5000 of her gov't

    May 04th, 2013 - 10:07 am - Link - Report abuse 0
  • toooldtodieyoung

    8 Stevie

    WOW!!! you and THINK must be really f**ked up if you can not tell that this is BAD news!!!

    You must be seriously nuts if you think that this is a good thing and you MUST be blind if you can not tell when the “Lunatics have taken over the Asylum”

    May 04th, 2013 - 10:11 am - Link - Report abuse 0
  • yankeeboy

    Destroying the wine Industry too...will CFK take the whole country with her before her “retirement” party?

    According to a new report by Rabobank, some wineries are reporting an increase in production costs of more than 100% during the last four years, with raised labour costs primarily responsible for a 115% increase in average wine grape prices.

    With the average export price of bottled wine going up by only 60%, the report highlighted the likelihood of a “rapid deterioration in profitability.”

    Commenting on the current situation, Rabobank analyst Valeria Mutis remarked: “The competitiveness of Argentine wine exports is being undermined.”

    Pointing to the squeeze on margins, she outlined the problems posed by the country’s wider economic problems. “Whilst official figures set the inflation rate at approximately 11% per year, private estimates put the yearly inflation rate at 25%,” reported Mutis.

    “Although the Argentine peso has weakened, this devaluation has been less than the inflation rate, and this has hurt the sector’s competitiveness abroad.”

    With a growing gap between official and black market exchange rates, commentators expect a “steep devaluation” of the peso, although they feel this is unlikely to occur before the end of 2013 “at the earlies

    May 04th, 2013 - 10:43 am - Link - Report abuse 0
  • tapestry-of-grapes

    Is Think still in Tel-aviv with his family?

    May 04th, 2013 - 12:07 pm - Link - Report abuse 0
  • manchesterlad

    Boudou is such a waste of space that even CFK loyalists don't want anything to do with him, fisrt of all 100 to 200 thousand speculators are acting not only for themselves but for their clients too therefore a figure of 1 million would be more realistic

    Secondly the government are not working for 40 million people they are working for themselves first & foremost, the CFK inner circle consisting of the likes of De Vido, Moreno, Zanini, Medina, Parrili are all billionaires having robbed the state blind since the early Kirchner days. Then come the 160 or so CFK deputies & senators who are all multi-millionaires & have their own companies taking in government contracts. Then come all the families , friends & hangers on who run all these corrupt companies & take their cut which is probably 10 times more than the national average salary

    Last but not least, once the cream has been taken off the top the rest is trickled down through the filter effect to the poor ignorant CFK loyalists who voted for her some 11.5 million, so you see Bobo your figures are greatly exagerated!!!

    May 04th, 2013 - 12:27 pm - Link - Report abuse 0
  • Conqueror

    And there, folks, @3, we have the “official” government line. Straight from El Thick, behind his Chubb locks, somewhere in Northern Europe.
    @8 What a shame. There we were thinking you'd learned your lesson and back you come with your lousy spelling and poor grammar and comprehension.
    “Pesification still going strong.” See? It's not “pesification”, it's pissification. As in “how to piss away all your money between Friday and Saturday because of the inflation rate”. Meanwhile, you sit there, somewhere in the hated Europe, probably on benefits, trying to think up “smart” things to waste people's time with. Perhaps yopu could get a “job”. I know that's a dirty word, but selling “The Big Issue” is very popular with a lot of scroungers. Then you could stop being a useless burden on the world.
    @11 Why would you feel sympathy for the argie “people”? Who “voted” for this shower of shit. How many war criminals are there in argieland? You know the ones I mean. The sub-apes who support the “Malvinas” crap. Every one a war criminal. If you're an accomplice, you're equally guilty.
    @12 You have a problem. How many of the words you used do you think could be understood by the average argie. They've only just struggled up to the “food good, drink good, sex good, ugh” stage! Which one do you think would understand the word “metrics”. As in 13, Thick does. But he's not in argieland!
    @16, 18 What's wrong with you? “it is only going to get worse.” Not worse. Better. Better for the rest of the world. Can we look forward to seeing the few hapless survivors staggering about, trying to decide which of their compatriots are weak enough to be killed and eaten? If you recall, at the end of WW2, Hitler decided to destroy the whole of Germany on the basis that it had proven to be weak!

    May 04th, 2013 - 12:37 pm - Link - Report abuse 0
  • Faz

    Think, there's no way you are in Chubut. It's all revealed (Stevie too) with your post times. You both observe European time all the time. You are facing a tidal wave of bad news for Rgland. Very soon the stuff will hit the fan. Thank your lucky stars you are over here. Conqs suggestion of the Big Issue is an excellent one, you can split shifts with Marcos... Meanwhile keep spewing g the porridge, more like Canute every day...

    May 04th, 2013 - 01:33 pm - Link - Report abuse 0
  • Anbar

    “”“Doesn't Axel publically save in dollars?”“”

    no idea but he DOES say that all this talk about the peso value only occurs outside Argentina and that nobody inside Argentina is worried about it.

    CFKs Government are floundering, sooner or later they will sink.

    May 04th, 2013 - 02:41 pm - Link - Report abuse 0
  • Think

    TWIMC

    I'm now being “accused” by the Turnips of not being in Chubut !!!

    Earlier, I have been “accused” by the Turnips of not being Argentinean.
    Before that I've been “accused” by the Turnips of being a Communist.
    Before that I have been “accused” by the Turnips of being a racist.
    Before that I've been “accused” by the Turnips of being a Nazi.
    (Meanwhile; the BNP is taking England under a new name)

    Truth is that I'm your friendly, average Patagonian Argie.....
    Get used to it....

    May 04th, 2013 - 02:43 pm - Link - Report abuse 0
  • yankeeboy

    That mainly posts when this side of the Atlantic is sleeping.
    OK

    10/1
    will it be 11/1 by the end of next week
    maybe...

    May 04th, 2013 - 03:01 pm - Link - Report abuse 0
  • surfer

    Don't you see Stink? Perhaps you haven't realized, the only Turnip here is you.

    You purport to being at least average intelligence and yet you believe all these Arg govt. lies and misdirection, even the ministers don't believe their own BS.

    Take your vegetable head out of the ground for once and see the light.

    May 04th, 2013 - 03:03 pm - Link - Report abuse 0
  • tapestry-of-grapes

    So is Think still in Tel-Aviv, yes or no?

    May 04th, 2013 - 03:31 pm - Link - Report abuse 0
  • Think

    TWIMC

    1) Mr. Think is a permanent Patagonian dweller.....

    2) Mr. Think still travels a bit though......
    Preferently to insular Scandinavia, Liguria and Wyoming......

    3) Mr. Think's sleep patterns are not at all inconsistent with his “current lifecyclus placement” ;-)

    May 04th, 2013 - 03:55 pm - Link - Report abuse 0
  • yankeeboy

    I am surprised you're not posting the daily blue rate like you did a while back.
    How come?
    Think we'll see 11 next week?

    May 04th, 2013 - 04:04 pm - Link - Report abuse 0
  • ChrisR

    29 yankeeboy

    Well, you won't get the truth out of him.

    11 next week? Got to be on the cards the way the escalation is running.

    May 04th, 2013 - 05:00 pm - Link - Report abuse 0
  • HO

    An issue easy to resolve: Kick out Kirchner and her allays. You better think twice who to elect.
    The problem seems to be that (too) many Argentines still believe that she is doing the right things. Education???

    May 04th, 2013 - 05:37 pm - Link - Report abuse 0
  • Optimus_Princeps

    Another meeting? Clearly the restrictions and tax burden aren't heavy enough. Cristina's botox injections, and Maximo's facturas need to come from somewhere.

    Oh, they need to find some way to repress the “real” exchange rate as well.

    I see a regime change coming. I know some local artisans that can craft a fine rope for her retirement party. She's taxing maids now, which at one point some of the only “working” people that supported her. She will surely lose more supporters.

    May 04th, 2013 - 05:41 pm - Link - Report abuse 0
  • slattzzz

    stink is a time traveller as well as a dickhead

    May 04th, 2013 - 05:42 pm - Link - Report abuse 0
  • tapestry-of-grapes

    @28 So which part of Tel-Aviv are you living in now? Still running that Payday Loans company?

    May 04th, 2013 - 05:43 pm - Link - Report abuse 0
  • Ayayay

    Here it is, Axel saves in dollars.

    http://www.lanacion.com.ar/1494127-kicillof-ahorra-en-dolares-y-tiene-casa-en-uruguay?sitio=desktop

    “Therefore, I am with Axel on this”- El Think.

    ♬ Turnip the volume
    Turnip the volume ♬

    May 04th, 2013 - 06:07 pm - Link - Report abuse 0
  • Beef

    So Think.

    You think the level of devaluation should be based on qualitative discussion. Since when does qualitative methods dictate a quantitative measure? My god you have invented a new economic methodology! So much for evidence based monetary policy.

    Your opinion is based on what data? I guess no data has been considered as the only data available from your gvt is fabricated (you acknowledge this yourself when you indicate that the 100,000 figure is indeed made up).

    If there are any speculators then surely these have been the construct of your gvts policies in not allowing supply to cater to demand. If you want to get rid of them then open up the access to foreign currency to your own citizens. The speculators will then be strangled by the market itself.

    3 & 4) And how long would registration, investigation and prosecution actually take in a country that we are being told is democratic. My opinion is too long to prevent the inevitable repeated evaluations and monetary collapse.

    Unless, as your own comment suggests, then you think all those people you think need to be investigated are already guilty. Is it common practice in Argentina that you are guilty until proven innocent?

    A sound and productive economy is one which allows its citizens economic liberty, not one that nationalises a private energy company and then has to increase imports as its newly nationalised company is a state sponsored failure.

    My opinion to save Argentina is let Argentines as individuals get themselves out of your governments mess. Let them do as they please with “their own money” and let business make the right decision for business without the interference of gvt. If you had any faith in your countrymen then I dare say you would agree.

    Looks like you don't have much faith at all.

    May 04th, 2013 - 06:47 pm - Link - Report abuse 0
  • RICO

    The article is wrong, the blue dollar hasn't ballooned in value 44%, its value is pretty much stable. It is the peso that is changing in value having nosedived on the back of lack of demand both within Argentina where it is viewed as a wasting asset and outside Argentina where noone has any use for it.

    May 04th, 2013 - 08:34 pm - Link - Report abuse 0
  • ChrisR

    37 RICO

    Correct!

    May 04th, 2013 - 09:26 pm - Link - Report abuse 0
  • Chicureo

    Dear Yankeeboy,
    You are on the mark about the plight of Argentinian winery's increased costs. How many businesses can survive those conditions?

    Estimado Señor Think,
    I feel you hae perhaps painted yourself into a corner. Some of your observations I completely agree with, but you lack the same knowledge as what defeated Napoleon, which is when to retreat. Casas de cambio héroe in Chile are being flooded by your counrtymen business Dollars for returning to your country. It's a matter of survival.

    May 04th, 2013 - 10:11 pm - Link - Report abuse 0
  • Ayayay

    Ok, I know Paypal isn't transferring from within Arg anymore, but I've found some other that does.
    Any insight on converting pesos to dollars to dolarblue alp

    May 05th, 2013 - 12:41 am - Link - Report abuse 0
  • Think

    (39) Estimado Señor Chicureo..............

    You say...:
    “Casas de cambio in Chile are being flooded by your counrtymen business Dollars for returning to your country. It's a matter of survival.”

    I say....:
    Breathing is a matter of survival.
    Eating is a matter of survival.
    Changing U$S in Chile isn't.

    May 05th, 2013 - 02:01 am - Link - Report abuse 0
  • tapestry-of-grapes

    That Killacough chap couldn't manage the production of a cheese and onion sandwich, let alone manage an economy.

    His ideas are old, disproven and shit.

    May 05th, 2013 - 05:33 am - Link - Report abuse 0
  • LEPRecon

    @41 - Think

    Planning for the future, especially if you're Argentinian, is a matter of survival. You'd probably understand that better if you actually lived there.

    How are coping after being outed yesterday? Memory isn't as good as it used to be I guess, when you forget to switch user accounts when answering yourself. :)

    May 05th, 2013 - 07:18 am - Link - Report abuse 0
  • Troy Tempest

    43

    LOL !!!!

    May 05th, 2013 - 07:26 am - Link - Report abuse 0
  • Conqueror

    @22 A short point. Although I appreciate your “support”, I'm not keen on being referred to as “Conq”. Do I refer to you as “F”? That could really be misconstrued. I recognise that the “argie” malvinista trolls may seize on this, but what do they matter? At least all the sane and intelligent should be courteous to each other.
    @25 Be fair. It probably doesn't sleep because it doesn't dare. Consider all the nightmares it might “suffer” recalling all those lies. Consider that, in sleep, it might roll over and snap its nose off.
    @32 Rope? Piano wire is much better. With a bit of a jerk, the head can come right off!
    @43 Surely “Changing U$S in Chile” is a matter of survival if you can't buy food otherwise? But then perhaps Twinky has a suitable size herd of cattle from whom he can obtain meat and milk and have them reproduce quickly enough. Perhaps he has fields of fast-growing crops from which he can obtain wheat, oats, barley, carrots, peas, swedes, turnips, cannabis, poppies. And so on and so forth. But wouldn't that make him one of the indecently rich? With no care for ordinary people. “Let them eat dirt!” In fact, do I not recall a comment in which he said he had been riding around his estate on his stallion, or was it a mare? Or was that just shorthand for what he was “riding” in his apartment?

    May 05th, 2013 - 10:44 am - Link - Report abuse 0
  • yankeeboy

    Some of the solutions proposed to CFK to tamp down the run away peso:
    Additional Price Controls
    Caps on Profits for large businesses
    Additional Import Controls

    I say implement all of them!
    As fast as you can

    Bahahahaha
    What a way to ruin an economy
    it's like dumb and dumber

    May 05th, 2013 - 02:32 pm - Link - Report abuse 0
  • BOTINHO

    According to Vice-President Amado Boudou ““prices are not raised by the government” and defended the “controls” President Cristina Fernández is implementing to “ look after the people’s pockets.”

    Ah yes, looking after the people's pockets. I can see it now: President Cristina examining trousers. ” Let's see what we have in the front pockets... Nothing. Left rear pocket ... Nada. “

    WAIT ! WHAT'S THIS THEN ! What have we here in the right rear pocket, eh ? ONE PESO ! !!
    ” Dear citizen, please allow me to relieve you of this harmful burden immediately. There, that's better now, is it not ?. “

    ” As President, it is my duty to service the people, and look after your pockets.“
    ” Que ? “ ” What do you mean my nose is growing ! “

    ” Next in line please. ”

    K kkkkkkkkkkkk...................... !!!!

    May 05th, 2013 - 06:48 pm - Link - Report abuse 0
  • pgerman

    Take care with “El Think”..dont' make fun of him...he is taking drugs very ofen...

    May 05th, 2013 - 08:40 pm - Link - Report abuse 0
  • Beef

    Think has just demonstrated why Argentina is up the creek without a paddle. It is apparently normal practice in Argentina to determine a quantitative devaluation value through a qualitative dialogue!!!!! Cuckoo, cuckoo :)

    This is a country where the economy minister walks out of an interview when he is asked about inflation. Call me old fashioned but isn't that a perfectly normal question for an “economic” minister to address (I take it his pay is being docked for being work shy).

    Argentina is indeed screwed (again).

    May 05th, 2013 - 08:49 pm - Link - Report abuse 0
  • pgerman

    Beef, please, take into consideration (in his defense) that the Ministry of Economy is actually a lawyer...

    May 05th, 2013 - 08:58 pm - Link - Report abuse 0
  • ChrisR

    50 pgerman

    So he is ideally qualified to fcuk up the economy then.

    Has he got a certificate to be a lawyer, or is he like TMBOA who SAYS she is but cannot prove it?

    May 05th, 2013 - 09:41 pm - Link - Report abuse 0
  • pgerman

    Who knows if he is really a lawyer or not.

    Based on the video of the greek TV he doesn't seem to be a good lawyer either since he couldn't lie two times the very same lie two times in a row. Even my nephew who is 12 can do that !!!

    He is the fisrt lawyer that I have ever seen that cannot lie !!!
    I'm sorry for the lawyers..

    May 06th, 2013 - 02:12 am - Link - Report abuse 0
  • Simon68

    13 Think (#)
    May 04th, 2013 - 09:52 am

    “... Everybody who is anybody down here knows who the ”Big Players” are at the ”Blue Market”… From there on is just a matter of registration, investigation and prosecution…”

    Yes, Think, we all know, thanks to Jorge Lanata we know that they are: Lázaro Báez, Cristobal López, Martín Báez and all the rest of the corrupt “capitalistas amigos” of the Kirchners who will never be punished for their offenses while CFK is in power!!!!!

    May 06th, 2013 - 05:06 pm - Link - Report abuse 0
  • Ayayay

    @47 lol

    May 10th, 2013 - 07:06 pm - Link - Report abuse 0

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