MercoPress. South Atlantic News Agency
Argentina's 'Congressional inflation index' in May, 2.28% and 39.9% in twelve months
Inflation in Argentina during the month of May reached 2.28% and 39.9% in the last twelve months according to the so called 'Congressional index' which is released by opposition lawmakers from the Freedom of Expression committee. Read full article
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Disclaimer & comment rulesHAHAHAHAHA!
Jun 12th, 2014 - 09:22 am - Link - Report abuse 0Anyone watched the newscasts from Europe today?
These EUians are comedians. They call Argentina “second/third” world, “banana”, “inferior”....
... and in EUialand you can't find a TAXI!!! In Paris, London, Madrid, Frankfurt, the taxis are paralyzing cities. Now that's banana republic right there.
@1 stop being silliy. Some black cabs in london lined up on the Mall to protest about an app that they feel is hurting thier business. I didn;t find it a problem getting a black cab from the City to the Wharf and back and noticed no paralysis.
Jun 12th, 2014 - 09:26 am - Link - Report abuse 0Try something else, maybe a comment on the story might be helpful. What do you put the difference between the ofiicial and unofficial index down to?
I think yankeeboy will be pleased to know there's flurries in the air in the suburbs of Mendoza. Winter is here.
Jun 12th, 2014 - 09:44 am - Link - Report abuse 0So the collapse of Argentina should be hours away...
@3 Does your little brain think anything about the story above?
Jun 12th, 2014 - 10:23 am - Link - Report abuse 0There is inflation in Argentina. Due to 13 years of uninterrupted growth. Nothing unnatural.
Jun 12th, 2014 - 10:26 am - Link - Report abuse 0Good, that's a start but that doesn't account of inflation of this sort. Why the difference between the oficial and unofficial rates?
Jun 12th, 2014 - 10:28 am - Link - Report abuse 0Politics. One is underestimated the other is over estimated. Just like poverty one says 10% the other 35%, and it's really around 25%.
Jun 12th, 2014 - 10:30 am - Link - Report abuse 0Thanks. Shouldn't the government just be open about this and state what it actually is. Afterall, they have already had to flip flop once on this issue. It would look quite school boy to have to do so again
Jun 12th, 2014 - 10:35 am - Link - Report abuse 0#8This government never tells it as it actually is. Pigs would fly first.
Jun 12th, 2014 - 11:39 am - Link - Report abuse 05 Nostril
Jun 12th, 2014 - 02:18 pm - Link - Report abuse 0“There is inflation in Argentina. Due to 13 years of uninterrupted growth. Nothing unnatural.”
More of Nostril's Peronist denial.
Nostril would whitewash the catastrophic economic policies of his government - an 'enabler', turning a blind eye to their corruption and ongoing thieving of the public and private funds of the people, while 11m Argentines live in poverty.
Just as he denies the rampant child-sex slavery of Brazil and SA where Nostrils and others like him allow families to sell their children for sex.
The governments can turn a blind eye, because the people like Nostril pretend it isn't happening and nobody is held accountable.
Tragic and irresponsible society.
“Shouldn't the government just be open about this and state what it actually is”
Jun 12th, 2014 - 02:50 pm - Link - Report abuse 0“This government never tells it as it actually is”
Politicians and bureaucrats in any country do not do the above, they refuse to, and as well are corruptly unable to.
Here's another quote:
“which gives a better picture of the consumer prices evolution”
It isn't supposed to give a “better” picture. It is supposed to give an “accurate” picture. The IMF, being run by an idiot and corrupt itself, thinks “better” lies is quite an accomplishment.
And again, politicians and bureaucrats just do not give an “accurate” picture. They totally understate their own shortcomings and totally overstate their opposition's shortcomings.
The truth and accuracy are just plain contrary to their logic about the way this world works.
“There is inflation in Argentina. Due to 13 years of uninterrupted growth. Nothing unnatural.”
Jun 12th, 2014 - 03:15 pm - Link - Report abuse 0Argentina inflation: 39.9% because of 13 years of uninterrupted growth?
Australia inflation: 2.9% because of 23 years of uninterrupted growth!
So which one is natural and which one is “unnatural”?
The rain has brought me back from the beach and I see nothing has changed in my absence.
Jun 12th, 2014 - 04:08 pm - Link - Report abuse 0Toby, Do you think 800%*/- inflation was worth +/-62% (indec revised figure still unbelievable) growth over the last decade? If so why?
I've said for a long time, it was all fake growth, merely pumping the system with free cash, when the next crash comes you'll be worse off, much worse off than in 2001.
This is just the beginning.
There's another big devaluation right around the corner so this 40% inflation they are having now will probably double by the eoy.
My hope is for snow in BA and a extended cold snap of 3-6 weeks. Then I'll be simply giddy.
@1 Don't be so abysmally stupid and ridiculous. WE have cars. WE don't need TAXIS (as you call them). WE call them cabs. Actually, they just get in the way. Much like you!
Jun 12th, 2014 - 04:43 pm - Link - Report abuse 0@3 Do hope so! Do you think someone with balls will find them freezing and dropping off? No problem for you, of course.
@5 EVERYTHING in argieland is unnatural. Its criminally corrupt “government” that is actually just a bunch of fraudsters. Its “economy” that is fraudulent. Its “population”. Murdering, lying genocides that should be nuked. YOU!
@7 How about a NEW name? See whether you can make something out of “I shove my fist up my arse every day to get my jollies”. In your case, that would have the virtue of being both accurate and honest. Could you make something for yourself out of “PRICK_SHIT”?
40%!
Jun 12th, 2014 - 07:08 pm - Link - Report abuse 0Even I thought it would take to the end of July, but here we are on the cusp of disaster!
Will TMBOA jump or will she fall, or better still will she be hung from the Casa Rosada flagpole by a greatfil public? I hope.
I am here.
Jun 12th, 2014 - 08:58 pm - Link - Report abuse 0Just waiting for a whelming comment.
Maybe you can opine on the growing slums around the Obelisco.
Jun 12th, 2014 - 09:05 pm - Link - Report abuse 0That's seems like it is good for one of the well known tourist sights in Buenos Aires.
At least it's an accurate representation...
Hey Yankeeboy, any news on the hedge fund case? Wasn't that today?
Jun 12th, 2014 - 09:57 pm - Link - Report abuse 0Scotus will announce something next week.
Jun 12th, 2014 - 10:16 pm - Link - Report abuse 0@17
Jun 12th, 2014 - 10:30 pm - Link - Report abuse 0Well I'm sure you are right since you are such an honest party on this website, and besides there's SO much space for slums to go up in one of the world's busiest avenues and in the middle of a downtown...
I also think it's good that people are getting shot left and right in Las Vegas for all the tourist to see. Now one can say Las Vegas has replicated the USA to perfection.
@19 any further view on what is going on? We are getting nothing in the UK about this
Jun 12th, 2014 - 11:13 pm - Link - Report abuse 0Since we have a britto and northamo here, I want to be the first to congratulate you both as representatives of your countries for helping ISIS begin reinstating the Jihadist Kalif in Syria and Iraq.
Jun 12th, 2014 - 11:42 pm - Link - Report abuse 0Your illegal invasion certainly has helped Iraq regress to the 10th century. Congratulations for these great feats by your amazingly smart, far-sighted governments.
19, 21
Jun 12th, 2014 - 11:52 pm - Link - Report abuse 0If they decide not to hear it is that Argentina's last chance to have it overturned?
http://www.scotusblog.com/2014/06/the-argentine-bond-saga-made-simple/
Jun 13th, 2014 - 01:27 am - Link - Report abuse 0Cap posted this earlier today. It is a good description of the Scofflaw/Deadbeats we know as Argentina.
American law is irrelevant to us. There is nothing there to respect. Sorry.
Jun 13th, 2014 - 02:30 am - Link - Report abuse 0You don't respect other laws either, including your own of late.
Yankeboy
Jun 13th, 2014 - 02:49 am - Link - Report abuse 0Good article. Helped me to understand the whole situation much better especially considering I've never taken much notice of this.
I feel sorry for the average Argentinian who has to put up with such continually incompetent governments that seem to believe that they have some manifest destiny to rewrite how the world works.
40% inflation us ridiculous. The people most hurt by this are poor. It isn't the enriched politicians who don't spend most their wages on rent and food. All this talk of wealth redistribution and supporting the poor is negated continuously by such high inflation.
It's no wonder there is so much deflection to talk about anything other than the actual problems. Many Argentineans sound just like CFK.
@25 Normally with international business contracts (i.e. contracts between companies/institutions in different countries) the contract will specify which jurisdiction applies to the agreement, so which set of courts it will finish up in if it all goes wrong.
Jun 13th, 2014 - 09:34 am - Link - Report abuse 0Most companies wouldn't touch an agreement where the ultimate arbiter of a dispute are crooked enough at an institutional level to hide behind a spiral staircase.
25. Your Prez and minions think differently. There was just a whole bunch of poorly dressed and unkempt Rg Pols in DC trying to meet with anyone they could do help them with this dire situation the googly eyed wonder got Argentina into and the hag made worse.
Jun 13th, 2014 - 10:50 am - Link - Report abuse 0Too bad they found out nobody cares if Argentina continues to fail.
We don't need Soy or more maids.
And could care less if you end up like your sister Venezuela.
You had your choice and you chose wrong
Don't sell your Sugar yet.
Its going to get much worse
much much worse
I am curious as to how 30% inflation because of 13 years of growth is not “unnatural”.
Jun 13th, 2014 - 06:33 pm - Link - Report abuse 0I did a quick google of countries of the world with the greatest growth over the last decade, and many were far greater than Argentinas.
I then did a quick google of these countries inflation, and to my surprise, they were far lower than Argentinas.
There is a link between growth and inflation...but not hyperinflation Argentina style.
That happens as a currency becomes worthless.
It's all good though, because Troll wants to be isolated, with no ability to import, it may happen sooner rather than later.
No fuel, no technology, no vaccines, no medicine....oh dear oh dear oh dear
As stated in the link YB posted it all hangs on the “treat everybody equal” clause.
Jun 13th, 2014 - 09:53 pm - Link - Report abuse 0Furthermore Judge Gresia has already made the obvious statement that as The Dark Country stated it had 30+ Bn USD and the outstanding amount is only 1.33 Bn, why not pay what was promised?
Two problems here of course:
1) the 30+ Bn only exists in paper from the various government departments that had the cash robbed from it, there are zero REAL dollars;
2) the DarkCountry has never had ANY intention of treating anyone equally.
I hope they get burnt, they have screwed Uruguay several times in the three years I have been here and “No Money Pepe” just licks TMBOA backside.
29
Jun 13th, 2014 - 10:00 pm - Link - Report abuse 0...and eventually, no Internet for Nostrils
You people simply DO NOT GET IT. Your brain must be so small because your skulls are so thick:
Jun 13th, 2014 - 10:01 pm - Link - Report abuse 0ARGENTINA WILL NOT FOLLOW YOUR ECONOMIC SYSTEM, OR ASSIMILATE TO BE YOUR SUBSERVIENTS.
Yankeeboy
Jun 13th, 2014 - 10:38 pm - Link - Report abuse 0That was an interesting read. Ican't see this being over in a hurry.
32 Nostrils
Jun 13th, 2014 - 10:44 pm - Link - Report abuse 0” we've taken all the money you kindly lent us and blown it on hookers and blow.
Now we want you to leave us alone ( you big meanies)”
Sorry Nostrils - doesn't work like that.
@34
Jun 13th, 2014 - 10:47 pm - Link - Report abuse 0But it will have to in this case. You have no way of enforcing it.
Why do Europeans and North Americans have this need to oppress or to try to oppress other nations?
Nostrils is so parochial and uniformed that he things that there is no way to enforce contracts.
Jun 14th, 2014 - 12:26 am - Link - Report abuse 0There is and there has been. Why do you think Argentina is now changing its tune regarding things like the IMF and Paris Club?
All Argentina does its raise the COST of borrowing. The more Argentina tries to buck the rules and change them the higher its premium becomes.
Nostrils somehow feels that this is Argentina standing up for itself and teaching the world a lesson. And yet it is Argentina that pays for it.
Argentina needs to borrow. It will never not be in a situation where it doesn't have to borrow. There are few countries that are.
And each time it needs to borrow, all the antics and posturing that its government has performed is factored into the price it takes to borrow.
Argentina may win its court cases. But that doesn't mean that it still won't pay for the right to borrow again in the future.
Nostrils is too parochial to see the bigger picture. He just falls for the simplistic government propaganda that is pumped out and has lost the ability to think for himself. It has been an amazing descent to watch. He burst onto fora thinking that his abilities were so much higher after his Argentinean education told him so and then realised that he was hopelessly outclassed and woefully uninformed about how the world works outside of his frantic scramblings using Google.
Being held to account is not oppression. Though it is the mistake I would expect from someone, who has hardly lived or seen the world and was subjected to government propaganda during his formative years, to make.
Argentina is not going to cut itself off from the world - it is juvenile to think it can or will. All Argentina has done is make itself less powerful and influential in the world so that it now is unable to shape much beyond its own borders.
That is its own domestic form of oppression that is invisible to the uneducated such as Nostrils.
Yes I admit it, I would rather my country be poor and reviled, than to be “wealthier” and “respected”, by being a lackey of Anglo, EUian, or NorthAmian nations.
Jun 14th, 2014 - 01:27 am - Link - Report abuse 0And yes we are teaching the world a lesson and standing up. We are refusing to bow to bankers and capitalists, to imperialists and and societies that think they have the right to insult us and say we are genetically inferior to them, sub-human, etc.
Do you mean the same capitalists and societies you prostrated yourselves on the floor to, grovelling and promising to do ANYTHING, and asking for money???
Jun 14th, 2014 - 03:56 am - Link - Report abuse 0How's the new Caliphate you are helping create in Iraq, Syria, Turkey, and Lebanon going?
Jun 14th, 2014 - 04:24 am - Link - Report abuse 039 nostril
Jun 14th, 2014 - 04:58 am - Link - Report abuse 0You are attempting to deflect and divert.
The same thing you do with every thread, and every time you can't defend your ridiculous statements about Argentina.
Argentina ASKED to borrow the money
Argentina AGREED to the terms
Argentina AGREED to the legal jurisdiction in which any disputes would be aired.
The party is over, time to pay up.
No excuses.
No exceptions.
No escape.
If we have to pay again, we will default again.
Jun 14th, 2014 - 05:00 am - Link - Report abuse 0Meanwhile, USA is now on its knees begging the Iranian Mullah's and Syria's Assad for an alliance against ISIS to save Iraq.
Historic humiliation for NorthAmia.
Historic humiliation for Argentina.
Jun 14th, 2014 - 05:08 am - Link - Report abuse 0Hunger and abject misery for her people.
Economic has-been, Prez as mad as a hatter, laughing stock of the UN and G20.
Nostrils says:
Jun 14th, 2014 - 06:49 am - Link - Report abuse 0“I would rather my country be poor and reviled”
As does your president and political class.
Your wish is granted.
“And yes we are teaching the world a lesson and standing up”
I tried to google the lesson and couldn't find it. Doesn't seem that Argentina has taught the world anything.... oh my mistake. Yes it has! Argentina has taught the world how bad government and prolific spending and ignoring economical fundamentals can ruin a country financially and socially.
How it is possible to absolutely decline against pretty much every country in your region.
And now you are on your knees again before the Paris Club, IMF and the US Supreme Court.
“We are refusing to bow to bankers and capitalists”
See the sentence above! On your knees... bowing.... same thing - Argentina gets there every decade or so.
“imperialists”
Please tell me again how your country has a constitutional clause stating that it has the right to sovereignty over the people of another country..... I never get tired of that imperialist story.
“societies that think they have the right to insult us and say we are genetically inferior to them, sub-human, etc.”
Amazing that you can take the posts of nobodies on the internet and extrapolate it out to coming from an entire society. The amount of non-European DNA in the Argentinean population is about the same as that in the European population. You are not genetically inferior because you are genetically similar to most countries that are richer and more stable than your own.
Can you spell 'generalisation' or 'exaggerate'?
And with 40% inflation constantly eating away at Nostril's pay packet (if he has one), it is hardly surprising that he can't bring himself to actually debate the article and chooses deflection instead. So difficult to keep up appearances when you are constantly broke and see what living in a broke country looks like everyday.
It's alright, one day Argentina might elect competent politicians Nostrils... one day.
43 Anglotino
Jun 14th, 2014 - 03:33 pm - Link - Report abuse 0Nicely and succinctly put!
Tragic that Nostril exhibits both sides of Argentine racism and victim hood.
On one hand, he tells us he is insulted that Argentina is viewed as genetically inferior and lesser - the reason for its failure.
However, when it is pointed out that Argentines are genetically overwhelmingly the SAME as Europeans, he is the first to say “no no, we are nothing like the Europeans, we are different, and morally superior”
- and yet, somehow, even with superior natural resources and cultural ( not genetic) enlightenment, unique to Argentina, they still failed - spectacularly.
41 Nostril-niño
I don't know why you keep mentioning events a whole world away from you? What goes on in the rest of the world is pretty much completely in influenced by Argentina now - a decline that started when you sat out WW2.
We tried to help you when you ASKED.
Now that you've thrown away your future, just give us back the money you PROMISED, and stop snivelling.
Nostrils is gone.
Jun 14th, 2014 - 05:34 pm - Link - Report abuse 0Such a frequent occurrence.
He's over on the FIFA disciplinary thread arguing himself into a corner as the only non-human on Mercopress.
And keep an eye out for this one:
“My superior cortical abilities process information far faster....”
And yet I argue him to a standstill pretty much every time I can be bothered.
44
Jun 14th, 2014 - 06:39 pm - Link - Report abuse 0Oops!
“I don't know why you keep mentioning events a whole world away from you? What goes on in the rest of the world is pretty much completely in influenced by Argentina now - a decline that started when you sat out WW2.”
Auto-correcting iPhone again .
Should read,
“I don't know why you keep mentioning events a whole world away from you? What goes on in the rest of the world is pretty much completely without influence by Argentina anymore - a decline that started when you sat out WW2.”
Your wish is granted, Nostrils. Argentina is irrelevant and nearly isolated now.
That's not to say that they are self-sufficient.
By the same token, nor are they masters of their own destiny - they will be pushed around like the flotsam and jetsam that they are. Even in your self-inflicted status as a backwater, you will be affected by the eddies and currents of greater world events, if only to deposit floating debris to circle endlessly in your pond of misery.
There is less and less you can do about it.
Thanks CFK, thanks Peronists, thanks Nationslists, thanks “noble voting poor”
This has been a good read!
Jun 14th, 2014 - 07:07 pm - Link - Report abuse 0:-):-)
Back on topic!
Jun 14th, 2014 - 08:55 pm - Link - Report abuse 0Kickitoff claims inflation last month was 1.4%.
They NEVER learn do they? Telling the truth is just NOT in their nature.
No doubt The Lunatic Of Chew Butt will be telling us all that Kickitoff's “good looks” makes all the difference.
Looks like a moody bastard to me mind.
So how much does Argentina really have in reserve?
Jun 14th, 2014 - 09:17 pm - Link - Report abuse 0It's hard to get an accurate figure when the government can't be trusted.
Back on topic - good idea.
Jun 15th, 2014 - 03:00 am - Link - Report abuse 0It's amazing how catering to the childish petulance of Nostril-Toby can throw us off- track.
Personally, I think we are being far too generous, respecting his statements as anything but immature provocation - he does not deserve it, as he lacks even basic courtesy.
He must be a very spoiled child at home.
Nostrils suffers from savant syndrome (previously called an idiot savant). His abilities with language is indicative of being a savant.
Jun 15th, 2014 - 06:44 am - Link - Report abuse 0His inability to understand social nuance or how the world operates in such a chaotic fashion is indicative of his autism.
It is also the reason that he resets his 'personality' or 'persona' on this forum so regularly. He keeps thinking that he has finally started to understand everyone and can finally partake in discussion on the same level. However this fails to materialise after he has spent a couple of days merely mimicking how others act and he again fails to attain what he desires.
His constant need to isolate Argentina and distant it from all forms of interaction is a very typical autistic trait as crowds and group interactions totally perplex most autistics and force them to the edge or out all together.
Unfortunately for Nostrils, his savant abilities with regards to languages means that he believes that he should for some reason be the centre of attention.
And he is confused constantly on why that isn't so.
So back to the article. 40% inflation. No growth. No reserves.
It is no wonder the Argentinean government is sucking up left right and centre because their decade long absence from the international financial markets is coming to an end and they need to stave off financial collapse.
Whether that is possible, I am unsure. However it will at least kick the can further down the road until CFK retires to count her millions.
51 Anglotino
Jun 16th, 2014 - 04:15 am - Link - Report abuse 0CFK is safe, provided she does not overstay her position.
Kiciloff is in a lose, lose situation, settle for unfavourable terms or default and face the consequences - either way, he's going to wear the outcome.
Meanwhile, Timerman will be safe in one of their “bolt holes ” as “Voice” puts it, in New York, Spain, Ecuador, Cuba, etc...
Boudou will be left to dangle from a lamp post, regardless.
25 and 32 Nostrils
Jun 16th, 2014 - 02:37 pm - Link - Report abuse 0If you're correct (you're not but here's your chance to prove it) why is Argentina even bothering with the US hearing? Why not just save the money on the lawyers and not pay?
Nostrils,
Jun 16th, 2014 - 03:08 pm - Link - Report abuse 0CFK will be languishing in NYC, in the USA, and sucking up all the attention she can, from the very people she told you she hated, like the narcissistic whore she really is.
And... she'll be laffing laffing laffing at the “turnips” like you Nostrils, who allowed her to rob you blind.
“Superior Intellect Nostrils” ... ja ja ja ha ja ha
Nostrils
Jun 16th, 2014 - 04:20 pm - Link - Report abuse 0We all know about your ability with languages. Are you also very good add maths, IT or perhaps playing a musical instrument?
53 Joe
Jun 16th, 2014 - 09:45 pm - Link - Report abuse 0very good point there.
Equally why suck up to the Paris Club?
Some flaws in both toby and his goddess krasstina's thinking perhaps?
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