MercoPress. South Atlantic News Agency
Dollar drought forces Argentina to extend whitewash law until December 31
Argentina’s President Cristina Fernández has decided to extend the deadline of the whitewash law until the end of December. The recently passed project expired on Monday with 341.5 million dollars entering the country. Read full article
Comments
Disclaimer & comment rules“The tax amnesty law has accounted only for 8.5% of a 4 billion dollar intake it expected to collect”
Oct 02nd, 2013 - 08:18 am - Link - Report abuse 0I am surprised it collected that amount!
Desperate times ahead I fear.
That U$ was blackmailed out of the Ks drug dealers.
Oct 02nd, 2013 - 10:57 am - Link - Report abuse 0Here are my real U$ please give me back a quasi currency and promise not to make it worthless.
Yeah okay
Even Rgs are not that dumb.
Desperate Kirchner fails. The “law of diminishing returns” says she won't get another US$341 million. Maybe a total half a billion at best. Not much out of 100 billion. Argieland is DEAD. It's now struggling to keep its mouth above water. Do all you can. Bash it over the head. Research everything you do. The EU has ended aid. Buy nothing from latam. Remember that any money to central, south or latin america could get “diverted”. Write to your government representative and demand that argieland is punished. Argies don't care. Why should we? The best place for argieland is the Stone Age.
Oct 02nd, 2013 - 12:35 pm - Link - Report abuse 0The Trolls seems to like commenting on the Gaucho Rivero thingy. But they seem so quiet here. an uptake of 8.5 % is bloody awful. You cannot put spin on those numbers. I haven't seen the details of the bill can anyone tell me how it affects Argentinians employed or holidaying abroad?
Oct 02nd, 2013 - 01:13 pm - Link - Report abuse 0It seems that the owners of those 350 million knew what they were doing as the money came in fast… I don’t think this will attract much more dollars in… For laundering there is far more secure specialized places around the world to do this and ways to circle the money around into legitimacy plus retaining its value … And no one knows this better then Cristina herself
Oct 02nd, 2013 - 02:38 pm - Link - Report abuse 0@5 CD
Oct 02nd, 2013 - 03:34 pm - Link - Report abuse 0What will those people have then done with their Pesos? Immediately bought property or commodities? I presume the kind of people who have millions of US$ are unlikely to hold large amounts of a devaluing currency for long?
@6 Well in theory CEDINes are dollars not argentine pesos!! The announcement was made to reenergize the construction activity which was skyrocketing in the last decade and in fact it was the real component of the increase in GDP… What we used to do is pick up the harvest, exchange pesos for dollars which the real estate market functions with, and buy flats or property or machinery or invest in the farms, etc.
Oct 02nd, 2013 - 04:20 pm - Link - Report abuse 0So of course when the dollar clamp started in November 2011 activity froze and that meant no more growth… What the farmers are doing now is retaining the soy bean on the silos in their farms to somehow protect themselves against inflation and wait and see what happens after the devaluation post October elections...
If you personally ask me I think that only people that will ultimately accept CEDINes are the ones that know for sure they can somehow stuck them back the State. So you must do some sort of business with the argentine government and you are sure they will recognize their worth. I just don’t see otherwise why anyone would bring over their US$
(5) CabezaDura
Oct 02nd, 2013 - 05:08 pm - Link - Report abuse 0You say....:
“I don’t think this will attract much more dollars in…...... ”
I say....:
Uuuuuups.......
Even Clint Eastwood can miss................. ;-)
http://www.ieco.clarin.com/economia/Primera-blanqueo-Bulgheroni-US-millones_0_1003699965.html
Well I guess we can never underestimate how convincing Willy Brown can be ..... “”EL responsable de la prórroga del blanqueo, Guillermo Moreno, llevaba tiempo detrás del dinero de los Bulgheroni. A mediados de septiembre, el secretario de Comercio todavía esperaba obtener 1.000 millones de dólares de los dueños de la petrolera.“”
Oct 02nd, 2013 - 05:32 pm - Link - Report abuse 0Have you got the Armanian crook to put something back in to the YPF purse yet??
Lo convocaron también para decirle:
“Con este negocio vos ganaste mucho, ahora tenés que poner para YPF, porque si no te trabamos en…”.
(9) CabezaDura
Oct 02nd, 2013 - 05:40 pm - Link - Report abuse 0Clint Eastwood methods.....
Do you feel lucky..............., punk?
http://www.youtube.com/watch?v=8Xjr2hnOHiM
I “think” hes more into understanding the Pola's methods than the Man with no name...
Oct 02nd, 2013 - 05:51 pm - Link - Report abuse 0http://www.lamarito.com/piradox-500/
Enijau, pebete....
Oct 02nd, 2013 - 06:12 pm - Link - Report abuse 0500 palos verdes...... cling, caja....
Yes…… but Think again it’s reducing the whole CEDIN thing to people that to business with the government...And investing in Vaca Muerta is the only thing they have to offer …
Oct 02nd, 2013 - 06:28 pm - Link - Report abuse 0And yet she regrets the doings of a year ago (off the record of course) … YPF turned out to be a far greater problem for her and not much money in it either
http://www.jorgeasisdigital.com/2013/09/26/apretar-por-ypf/
Solo para entendidos y para picaros…. ;-)
(13) CabezaDura
Oct 02nd, 2013 - 06:58 pm - Link - Report abuse 0500 palitos verdes on the first day; botija...
Let's wait and see a couple of weeks more, shall we..?
Let's wait and see after the mid term elections, shall we..?
Besides, your links are becoming more weird and obscure by the moment...
If I were you........................., I would stick to Good Ol' Clint Eastwood.......
14) THINK
Oct 02nd, 2013 - 07:51 pm - Link - Report abuse 0T:500 palitos verdes on the first day; botija...
CD:LOL even Etchegaray admits it was a total failure...
T:Let's wait and see a couple of weeks more, shall we..?
CD:For what?
T:“Let's wait and see after the mid term elections, shall we..? ”
CD:Exactly, they will cancel the whitewash after the elections because it has been a failure...
And I warn you if you insist on this one ….You're going to look awfully silly
http://www.youtube.com/watch?v=ks7-A-7Zvak
Moreno knows where the U$ are stashed. It was either buy the bond or have it confiscated. My guess is he had a couple cars tailing the guy and his family.
Oct 02nd, 2013 - 08:51 pm - Link - Report abuse 0Easy peasy
filthy thugs
16)That is just nonsense yankeeboy... There is no question that Moreno's crews are thugs against poor vegetable and fruit merchants in the Mercado Central but one does not simply coerce one of the wealthiest men in Argentina into bringing 500 million US$...It doesn’t work like that, Bulgheroni isn’t going to end empty handed for sure I tell you that. He ultimately is calling the shots as the government is desparate for dollars. He has negotiated similar conditions of that of Chevron to invest in Vaca Muerta
Oct 02nd, 2013 - 11:17 pm - Link - Report abuse 0http://www.urgente24.com/219351-preocupada-por-las-reservas-cristina-le-da-grandes-ventajas-a-los-bulgheroni
I lived there, the power of the gov't thugs is endless no matter who you are especially if you happen to be of the other party.
Oct 02nd, 2013 - 11:32 pm - Link - Report abuse 0A little nationalization threat works wonders too.
18)Yes, but you just can’t have cars following Bullgheroni’s family as if it was just as easy, they may well have threatened Bridas activities in Argentina and that pushed him to invest yea thats for sure... but that doesn’t mean to say he lives with a red dot in his front head, havent you read the article I posted??…. Did Moreno hijack you and your family to take some dollars away and give you pesos in return??
Oct 02nd, 2013 - 11:45 pm - Link - Report abuse 0(19) CabezaDura…….
Oct 03rd, 2013 - 02:49 am - Link - Report abuse 0You are wasting your time with turnip Yankeeboy ……
He is just a paranoid cokehead….
See the example below….:
http://en.mercopress.com/2013/03/15/argentina-dollar-in-black-market-climbs-to-milestone-8-pesos-and-57-gap-with-the-official-rate#comment228795
and
http://en.mercopress.com/2013/03/15/argentina-dollar-in-black-market-climbs-to-milestone-8-pesos-and-57-gap-with-the-official-rate#comment228795
Rest my case……..
US$341.5 million?
Oct 03rd, 2013 - 09:23 pm - Link - Report abuse 0US$341.5 MILLION!
FAIL!
Even Think is embarrassed by this massive failure.
The letters C D E I N spell both
Oct 04th, 2013 - 03:55 am - Link - Report abuse 0CEDIN and INDEC - ever wondered why?
Right now I am in Mendoza visiting friends. Will you believe it, when I exchanged US dollars I got a measly 9.10 pesos per US$.
More lithium please...
Oct 04th, 2013 - 03:55 am - Link - Report abuse 0Argentina was barred by a U.S. judge from going forward with a plan by President Cristina Fernandez de Kirchner to exchange restructured bonds for debt payable in that country.
U.S. District Judge Thomas Griesa in Manhattan today said the plan, announced by Kirchner in a national address on Aug. 26, is “an apparent attempt to evade” his orders in a case by billionaire hedge fund manager Paul Singer’s Elliott Management Corp. and other holders of defaulted bonds against Argentina.
http://www.bloomberg.com/news/2013-10-03/argentina-barred-by-u-s-judge-from-evading-bonds-order.html
@ 7 CabezaDura who writes: “I just don’t see otherwise why anyone would bring over their US$”
Oct 04th, 2013 - 04:01 am - Link - Report abuse 0Ever heard of insanity? :-)
Turnip at (24)
Oct 04th, 2013 - 06:50 pm - Link - Report abuse 0You say...:
Ever heard of insanity? :-)
I say...:
Jupppppppp........ TUltimate Insanity.... YPF's shares up 123% in the last year....:-)
http://www.google.com/finance?cid=662043
Wow, that 1 year return sure beats the 5 yr return of -58%.
Oct 05th, 2013 - 04:09 pm - Link - Report abuse 0You'd be better off investing in bags of Sugar
bahahahaha
We observe - as usual - that Shrinkhead cannot read his own sources.
Oct 05th, 2013 - 06:53 pm - Link - Report abuse 0YPF shares:
21 MAR 2011: 52.31
04 OCT 2011: 36.61
21 MAR 2012: 28.63
04 OCT 2012: 12.60
21 MAR 2013: 15.30
04 OCT 2013: 21.88
Un éxito, up from 52.31 to 21.88. Up!?!
http://www.google.com/finance?cid=662043
Turnip at (27)
Oct 05th, 2013 - 08:26 pm - Link - Report abuse 0We observe - as usual - that Turnips cannot read ANY sources....
YPF shares:
21 MAR 2011: 52.31 (Owned by Spanish REPSOL)
04 OCT 2011: 36.61 (Owned by Spanish REPSOL)
21 MAR 2012: 28.63 (Owned by Spanish REPSOL)
16 APR 2012: 16.20 (Re-nationalized)
04 OCT 2012: 12.60 (Against the world, the odds and the wind)
16 NOV 2012: 09.57 (Against the world, the odds and the wind)
21 MAR 2013: 15.30 (Against the world, the odds and the wind)
04 OCT 2013: 21.88 (Against the world, the odds and the wind)
Un éxito indeed , up from 9.57 to 21.88 against the world, the odds and the wind....
I'll certainly enjoy watching this Company's share rise and rise in the coming months and years....
Galluccio is “The Man” :-)))
What do you think will happen when YPF shares are seized by the holdouts?
Oct 05th, 2013 - 10:22 pm - Link - Report abuse 0That will be fun to watch.
So I am wondering why you'r not posting the daily peso price any longer?
The general consensus is that it will be 18-20/1 after the election
What do you think?
Bahahaha
retard
YPF? WTF!
Oct 06th, 2013 - 05:22 am - Link - Report abuse 0US$341.5 million.
US$3.65 BILLION short..... but at least YPF's share price is $5.68 higher.
Not sure what at laugh at more.... the losers running the country or the losers that blindingly support them.
YFP shares.... I think that it so funny.
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