US federal agents who seized more than 4 million dollars in US banknotes shipped from a famous money exchange house in Buenos Aires, Alfredo Piano, uncovered what they claimed was a cache of dirty money. Piano, 82, said many of the 100 dollar-bills were filthy and others had been ravaged by fire, water and even dogs. Read full article
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Disclaimer & comment rulesOnce a crook, always a crook. Leopards don't change there spots, and so it seems the Argentine Government doesn't either
Jan 15th, 2014 - 07:41 am - Link - Report abuse 0My families' dollars are kept in the USA.
Jan 15th, 2014 - 09:56 am - Link - Report abuse 0Where they should be.
I mentioned and commented on this case a few days ago in another thread. To recap, I was speaking with an Argentinean in NYC just before Christmas and he brought up the problems of increased crime in Buenos Aires where his extended family still live. He cited the hoarding of dollars in peoples homes as one of the reasons for the increase in violent burglaries. He knew of people being murdered in their homes for their dollars. He thought it would only get worse as dollars become more coveted.
Jan 15th, 2014 - 12:34 pm - Link - Report abuse 0When the banks, gov't bonds etc are untrustworthy there is not very many places one can store wealth. Property over the long term is good, but look at BA and GBA you can't give your property away, rents are falling and nobody wants to buy anything so if you really need cash you are screwed.
Jan 15th, 2014 - 12:41 pm - Link - Report abuse 0Buying cars, refrigerators, other appliances might be okay for the low middle class but they are again saving in pesos which is depreciating at a 35yoy clip right now and will soon accelerate.
The criminal gangs know who has U$ or valuables in their houses. My neighbors had their kid kidnapped, were commando assaulted, held hostage, had their cars boxed in and stolen or express kidnapped. That was when crime was just getting out of control I hear now it is much much worse.
HA! the Feds really got scr*wed, because NO bank or casa de cambio in Argentina accepts a single damaged US$ bill, except from the mob. The Feds have now become part of the washing machine.
Jan 15th, 2014 - 01:01 pm - Link - Report abuse 05.
Jan 15th, 2014 - 01:23 pm - Link - Report abuse 0well, there are some that accept damaged bills, but they apply a strong discount when they pay you.
so, they pay 60% or so of the nominal value and receive the 100% from the federal reserve.
It wont be long before the Yanks put a stop to these damaged bills, as I suspect they will be looking into the problem more deeply. I think it is obviously dirty money( sorry pun intended )
Jan 15th, 2014 - 02:49 pm - Link - Report abuse 0I love the fact that some people have really taken a “hands-on” approach to this and actually started laundering their money. Desperate times call for desperate (and stupid) measures
Jan 15th, 2014 - 03:14 pm - Link - Report abuse 0The Yanks should say, your fault, look after your $ bills as we will only give you a % of nett worth. A bit like Argentina did in 2001 with their bond default.
Jan 15th, 2014 - 03:18 pm - Link - Report abuse 0@3 That's why I keep the doors inside the house locked at night. Internal barriers can buy time to prepare to defend your home. Thankfully, it has not happened.
Jan 15th, 2014 - 03:39 pm - Link - Report abuse 0One of the fears people have is being punished legally for defending themselves. The court system is geared toward giving CFK's supporters free money at the cost of her opposition. If you were to shoot someone for attempting to rob you, you might end up having to pay compensation to their families.
Don't quote me on that. This is just a rumor in circulation, based on things that have happened to a friend of a friend.
One thing that is for certain, is that the courts do favor CFK supports arbitrarily, even if they are the aggressors. In cases with maids stealing from their employers, I do have first hand references to such occurrences.
It won't stop me from doing what is necessary, should that happen. The lose of a family member is much more devastating than getting entangled in a hideous legal dispute. Besides, this government has an expiration date. When the money runs out, they will have nothing left.
Those that produce will be able to regain what they've lost. Those that have been parasites will suffer the pain of poverty for being a threat to the milieu of society.
blue hitting 10.95...
Jan 15th, 2014 - 05:13 pm - Link - Report abuse 0@ 6 paulcedron
Jan 15th, 2014 - 05:34 pm - Link - Report abuse 0Living in Argentina almost 5 years, I have never been able to find a bank, casa de cambio or private person who would accept damaged foreign currency, including US$, either repaired with cinta adhesiva, written on, torn, or missing 6 mm of a corner. I have always had to take them back to the US or Europe.
This article should be chapter 1 of a book called:
Jan 15th, 2014 - 06:09 pm - Link - Report abuse 0How to survive in modern societies controlled by psychopaths.
don alberto,
Jan 15th, 2014 - 06:29 pm - Link - Report abuse 0well, i exchanged 2 notes of 50 euro with some minor damage in a casa de cambio in microcentro 2 or 3 years ago.
of course they gave me pesos (not dollars or euros) with the forementioned discount.
a good business for them.
It must be weird not to trust your currency.
Jan 15th, 2014 - 08:55 pm - Link - Report abuse 0US dollar notes are a novelty to most Australians because they only see them when they travel. I think my hoard tallies US$5.67 from travel. Mixed in with some Colombian and Argentine pesos and a quetzal or two.
Cash under the mattress is a phenomenon for pensioners to avoid social security asset tests and tradesmen who do cashies.
I am so sad Tinkaroo is not responding to my posts about the rapid decline of the Peso
Jan 15th, 2014 - 09:29 pm - Link - Report abuse 0Now $11.25/U$ on dolarblue.net
I wonder how much U$ BCRA had to spend today.
Under U$30B by eom.
Venezuela here they come, right back where they started from...
Don't you just love the little tricks the argies try and get away with.
Jan 16th, 2014 - 11:26 am - Link - Report abuse 0Let's hope the US shred the cash with no compensation.
17. Its leaning that way. They wouldn't have confiscated it if they were going to give it back anytime soon.
Jan 16th, 2014 - 07:29 pm - Link - Report abuse 0Its a Trap!
Jan 16th, 2014 - 08:55 pm - Link - Report abuse 0Commenting for this story is now closed.
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