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Do you trust this Lady to look after your dollar savings?

Thursday, May 9th 2013 - 05:13 UTC
Full article 37 comments

The administration of President Cristina Fernandez sent on Wednesday to congress the tax amnesty bill to tap undeclared dollar assets, in the country and overseas, generating a cascade of critical reactions from well known economists while the ‘blue dollar’ in the parallel market seemed to ignore the announcements and kept climbing to a new record high. Read full article

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  • Ayayay

    Wow, Heller is dumb. “Once that $160 Billion dollars comes back...” bahaha

    May 09th, 2013 - 05:53 am - Link - Report abuse 0
  • toooldtodieyoung

    “Do you trust this Lady to look after your dollar savings?”

    I wouldn't trust this “Lady” to give me the right time...............

    May 09th, 2013 - 06:08 am - Link - Report abuse 0
  • trenchtoast

    “I wouldn't trust you with a bucket of water if my knickers were on fire!”

    ― Terry Pratchett, Making Money

    May 09th, 2013 - 06:36 am - Link - Report abuse 0
  • Redrow

    Does she have liver problems? Her face is the same colour as the little smiley face on the flag whereas her neck is pink. Either that, or I wouldn't trust her with Dale Winton's fake-tan.

    May 09th, 2013 - 07:38 am - Link - Report abuse 0
  • ElaineB

    @4 She has a lot of problems balancing her medication. You can see some days she is really puffy and swollen. Apparently her physical health has deteriorated considerably of late.

    “Would you give your dollars to the government? Yes or no? That’s the question and the key for this plan to work or not in is the answer.” The answer is a resounding NO.

    May 09th, 2013 - 09:26 am - Link - Report abuse 0
  • British_Kirchnerist

    I'd trust this lady with running my UK, thats for sure =)

    #5 If your only evidence for her heqalth is how she looks, then surely she must be fine! Puffy, when has she been puffy?!

    May 09th, 2013 - 11:00 am - Link - Report abuse 0
  • yankeeboy

    lat time they did this is 2009 they got U$4B the finances looks MARGINALLY better in 2009.
    I can almost gaurantee that whatever they get will not be enough to pay the fuel bill this year.

    Any day now we will hear from the NY courts.

    Panic has set in

    They're cornered

    Watch them start to snarl and bite

    May 09th, 2013 - 11:08 am - Link - Report abuse 0
  • Baxter

    The simple answer to your question is , NO

    May 09th, 2013 - 01:13 pm - Link - Report abuse 0
  • cornelius

    I will use her if I want to bankrupt a company she will be my favor CEO.

    May 09th, 2013 - 01:18 pm - Link - Report abuse 0
  • Welsh Wizard

    The very people they are asking to buy these bonds are the same people who have been trying to keep their cash out of the system so that the gov can't get their hands on it. I would be very suprised if anyone took this up. Those who do are obviously not overly endowed in the brain department. $160bn...in your fcuking dreams

    May 09th, 2013 - 01:31 pm - Link - Report abuse 0
  • darragh

    @10 Welsh Wizard

    Actually I think $160 billion is about right £159,999,999,999 in Swiss bank accounts under the name Kirchner and $1 Jose found down the back of his sock drawer

    May 09th, 2013 - 01:45 pm - Link - Report abuse 0
  • Welsh Wizard

    @11 There may be $160bn out but they are seriously honking on their crack pipe if they think they'll get it

    May 09th, 2013 - 01:49 pm - Link - Report abuse 0
  • reality check

    “every time Argentina goes through a period of uncertainty, the people buy certainty by acquiring foreign currency. ”

    There is no substitute for experience.

    May 09th, 2013 - 01:59 pm - Link - Report abuse 0
  • commonsparrow

    Lets see: Buy food at 25% inflation or invest at 4%.

    May 09th, 2013 - 02:06 pm - Link - Report abuse 0
  • Editor56619

    ”As far as you put patch over patch all you are doing is creating a Frankenstein economy”.

    To compare this remark with the Argentine economy is insulting to Dr. Frankenstein!

    May 09th, 2013 - 02:13 pm - Link - Report abuse 0
  • JamesS

    Hmmmm ! could it be Nestor Kirchner was shot dead, would make good business sense for Krestina considering she Inherited of his mass fortune...
    number 1 suspect for the assassination British_Kirchnerist lol ...

    May 09th, 2013 - 02:33 pm - Link - Report abuse 0
  • Uncle Bob

    @ commonsparrow (#14):

    25% is the peso inflation rate. 4% is the USD return, which is a good rate.

    May 09th, 2013 - 02:45 pm - Link - Report abuse 0
  • Optimus_Princeps

    @6 Prove it. Bring your savings here, get a job here, and work for your money to be stolen either by the government, or some violent baboon that collects a portion of that money for doing nothing.

    Maybe you can even join La Campora, if they don't stab you to death because of your British accent.

    But you're just a delusional coward that hasn't left that comfortable basement in the UK, where you at least there is far more economic freedom.

    May 09th, 2013 - 03:30 pm - Link - Report abuse 0
  • JuanGabriel

    The only dollar savings I have is a $1 strip club note from a strip club in New Zealand. I would not give it to Ms Kirchner directly, however British_Kirchnerist is welcome to it if he wishes to stuff it in her garter belt

    Luckily I live in a country that isn't so FUBARd that you have to save in a foreing currency.

    May 09th, 2013 - 03:40 pm - Link - Report abuse 0
  • Anbar

    Trust CFK?

    An implanted exploiter of the indigenous Indians, a rampant colonialist, money-grabber, deceitful back-stabbing political whore who is happy to watch her “Homeland” (albeit one she and her ilk stole from the natives by force) burn to the ground whilst she gets richer by the hour?

    Hell yeah!

    May 09th, 2013 - 04:45 pm - Link - Report abuse 0
  • Ayayay

    Ah and 4% binannually on the value of the dollar. How can the gov afford to borrow at that rate? Thats like 38% test rate, when Greece is chafing at 4%, and the U.S. is at 0%.
    Is my math in the ballpark?

    May 09th, 2013 - 05:03 pm - Link - Report abuse 0
  • Raul

    Malvinas Peoples:
    A million signatures for bilateral dialogue:

    Peoples Malvinas “seeks to give social depth of continental mass to the Cause Falklands.'s One million signatures will be presented to the UN Secretary General, looking” people fill the UN “to highlight the crisis of representation system this international organization, highly conditioned by geopolitical bids of the permanent members of the Security Council, especially the UK.'s one million signatures aims to create a political precedent in an international organization where ”people” does not take place, but whose decisions seriously affect their long-term collective future. Y Malvinas is a question of the future.

    See the following link:

    www.pueblospormalvinas.com

    www.pueblospormalvinas.org

    May 09th, 2013 - 05:04 pm - Link - Report abuse 0
  • commonsparrow

    #17
    ..........Lie to me.
    http://latitude.blogs.nytimes.com/2013/05/08/in-argentina-more-official-lying-about-basic-economic-facts/

    May 09th, 2013 - 05:12 pm - Link - Report abuse 0
  • JamesS

    @Raul ! they seek 1 million signatures doesn't mean they have 1 million signatures, Maybe they should concentraite on internal affairs and have a petition, a motion of no confidence in the CFK government ! I would imagine a much larger number exceeding your little Malvinas group....

    May 09th, 2013 - 05:28 pm - Link - Report abuse 0
  • Uncle Bob

    @Ayayay (#21) - 4% bi-annual: the 4% annual dividends are paid every 6 months.

    Even if the rate was 4% every 6 months, I would still avoid it like something that needs avoiding.

    May 09th, 2013 - 05:38 pm - Link - Report abuse 0
  • tapestry-of-grapes

    So ... is KFC repatriating the £520 million that she and Nestor made out of the sale of YPF and is Tubby Maximo repatriating the billions that went mission from Aerolingus Argentinas? Is Killacough repatriating all the money he uses to pay his mortgage?

    No? Oh well then

    May 09th, 2013 - 05:49 pm - Link - Report abuse 0
  • briton

    four words==
    ha ha==no no.

    May 09th, 2013 - 07:12 pm - Link - Report abuse 0
  • yankeeboy

    27. Darn you! Now I have
    HA HA
    HO HO
    THE OLD BAG
    HAS GOT TO GO
    HA HA
    HO HO.....

    repeat

    running through my head!!

    May 09th, 2013 - 08:54 pm - Link - Report abuse 0
  • tapestry-of-grapes

    So, they've ruined the economy with a repetition of peronist ruin and now they want the dollars people have bought to protect themselves from ruin, so they can ruin some more.

    Why aren't they repatriating their own money? Maximo has $2.7 billion hidden away and if you add KFC's $520mil it comes to nearly $3.4billion that they can exchange for bonds to invest in strategic areas like La Campora.

    May 09th, 2013 - 09:17 pm - Link - Report abuse 0
  • Ayayay

    Thanks Uncle B. Ok, so compounded bi-annually, plus rate of inflation last year was 25.6 percent..then wouldn't this objectively be considered at least 29.6 percento interest?
    And didn't they try to give super high interest rates last time just before...

    anyway, i am really happy the usa is doing good.

    May 09th, 2013 - 11:01 pm - Link - Report abuse 0
  • toxictaxitrader2

    Are you sure it does not mean 2% paid every 6 months,which of course is less than 4% annually.

    May 09th, 2013 - 11:58 pm - Link - Report abuse 0
  • Captain Poppy

    bk you are a stupid fuck for sure. Puffy....bags...jowes....all beauty masterbation points for you I am sure. While looks as a leader mean nothing, if you really think she's a head turner, you must look like a pile of dog shit in a park.
    If I were a Brit....I'd assassinate you for referring to the UK as your's.....at least pierce your cervical with an ice pick.

    May 09th, 2013 - 11:59 pm - Link - Report abuse 0
  • yankeeboy

    Ahh the K Thugs continue to intimidate and scare people trying to trade worthless script onto anything else.

    Afip is out in force so nobody can exchange their money

    Can you imagine having to live in totalitarian state like this?
    How shameful

    May 10th, 2013 - 03:20 pm - Link - Report abuse 0
  • Captain Poppy

    Really Yankee ........it's one thing to be hiding from the government if you're trading herion, but freaking currency!!!!

    May 10th, 2013 - 07:01 pm - Link - Report abuse 0
  • yankeeboy

    One of teh former Econ Ministers says this crisis is shaping up like the 70s which ended in...wait for it...wait for it...
    HYPERINFLATION

    Where oh where have I heard that before?

    my own posts?

    yeah that's where it was
    thats it

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

    28 yankeeboy
    Beat you to it ..lol.
    She likes a ruse,
    But expects to lose.
    Thanks…..
    ……………………………………………..
    We wouldn’t trust her to boil an egg.
    We wouldn’t trust her to break a leg
    We wouldn’t trust anything she read
    We wouldn’t trust anything she said..
    .

    May 10th, 2013 - 08:20 pm - Link - Report abuse 0
  • Pete Bog

    @22
    “One million signatures will be presented to the UN Secretary General, ”

    Who will show them to the UK, who will pass them on to the FIG , who will post them to CFK with a copy of the recent Self Determination referendum results with the comment, and?

    May 14th, 2013 - 02:53 pm - Link - Report abuse 0

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