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Exceptional year 2014 for Argentina's YPF

Friday, December 26th 2014 - 06:17 UTC
Full article 70 comments

The CEO of the state-owned oil company YPF Miguel Galuccio has assured that 2014 “was an exceptional year” in terms of growth and investment. He pointed out that every goal for the year had been achieved. Read full article

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  • ChrisR

    All this is starting from a VERY low basis for past achievement.

    Frankly, I cannot see where the domestic numbers were provided for by YPF and what was imported because there is no breakdown.

    This coming year is going to be the decider, that's for sure.

    Dec 26th, 2014 - 11:32 am - Link - Report abuse 0
  • chronic

    Mikey: Reality check. We know the numbers. You are drowning. Peronista principles don't apply to petroleum exploration or production. The rigs will be stacked. The pipelines dry. The tankers will be parked in the port with no funds to pay for their cargo. Bleak indeed. Wouldn't want to be you. Repsol actually got the better end of the deal. Bottom line: Your numbers are to much like INDEC's - comical. LOL.

    Dec 26th, 2014 - 12:07 pm - Link - Report abuse 0
  • yankeeboy

    YPF is a very small, very undercapitalized company. This “growth” and “investment” mainly comes from purchases of other O/G companies in Arg that nobody else wanted to buy.
    My guess is at some point in the near future they'll be delisted from NYSE due to accounting irregularities.
    Thier largest “potential” asset became worthless this year.
    The People of Argentina have lost about U$2B so far in their “investment” and this rout is not over yet.
    They have no way to finance anything, nobody wants to invest in VM, and their fields are running dry.
    Let's see what happens next year.
    To me this year was a total bust for them.

    Dec 26th, 2014 - 12:44 pm - Link - Report abuse 0
  • Pete Bog

    “When you have a goal like this, which is to regain energy independence, the important thing is not to lose sight of where you are headed,” Galuccio stressed.”

    But whinging about gaining the Falklands oil fantasy is more important than Argentina sorting itself out with energy in reality.

    When you're headed for nowhere I suppose it is easy to keep sight of nowhere.

    Dec 26th, 2014 - 12:49 pm - Link - Report abuse 0
  • golfcronie

    My bet is they have shelved PUTA MUERTE for the moment and are concentrating on conventional oil prospects. Did I not hear that PUTA MUERTE needed US$ 200 billion over 10 years to make a difference? Never going to happen in the near future. The oil price would have to be over US$ 70 a barrel to make money on it. You have to invest to make money, not an Argentinian trait I am afraid. More used to creaming a bit off the top.

    Dec 26th, 2014 - 01:16 pm - Link - Report abuse 0
  • Vestige

    interesting

    Dec 26th, 2014 - 07:25 pm - Link - Report abuse 0
  • Hernán

    Congratulations Ing. Miguel Galuccio and equipment for their achievements in the pursuit of energetic sovereignty. YPF HAS A TREMENDOUS FUTURE. THIS YEAR WAS THE FIRST OF A LARGE NUMBER OF YEARS TO COME AND FUTURE SUCCESS.
    $ s 6,000 million investment and 30 percent growth in oil and gas production was reached.
    In the third quarter increased production of hydrocarbons from 15.4 percent, following the 4.6 percent increase in oil and gas 26.1 percent.
    Levels of processing refineries amounted to 94 percent of capacity, 2.4 higher than the same quarter last year points, which was made possible by the increased availability of light crude.
    Revenues for the third quarter amounted to 38.209 million pesos, 57.6 percent above the same period last year. The domestic sales of natural gas, which increased 86 percent, and refined fuels, up 64 percent, largely explain the evolution of income. The resulting net income was 3,212 million pesos, 127.2 percent higher than the third quarter before.
    During the quarter, investments totaled $ 13,776,000, ie 71.6 percent more than that for the same period last year. The largest investments were allocated to operating activities, primarily drilling, and the advancement of refinery projects in the area.
    TENEMOS FUTURO, TENEMOS PATRIA

    Dec 26th, 2014 - 08:51 pm - Link - Report abuse 0
  • Enrique Massot

    Why, of course! Now YPF is directed by Argentines and working to fulfill the energy needs of the country. Previously, it was owned by a multinational corporation that could not care less about the Argentina needs but looked at its bottom line only.
    It is not that difficult to understand. Those who advocate for the market to run things are only looking at profits. A country must be in control of its destiny and particularly about its strategic needs. My country man Hernán is right. The country has a future, in spite of the naysayers' doom and gloom chatter.

    Dec 26th, 2014 - 09:15 pm - Link - Report abuse 0
  • yankeeboy

    7/8. I'm not sure which of you is more stupid. I'm leaning towards Enrique tho. You live in Canada, tell us which gov't owned company rescued Canada with their oil expertise?

    Fcking retards.

    Dec 26th, 2014 - 10:01 pm - Link - Report abuse 0
  • imoyaro

    This is hilarious, the same individual just issued this statement. Talk about a Sad Clown. ;)

    http://www.buenosairesherald.com/article/178080/ypf-sees-dark-clouds-ahead-in-2015

    Dec 26th, 2014 - 10:12 pm - Link - Report abuse 0
  • gordo1

    Does he know his arse from his elbow?

    Dec 27th, 2014 - 12:32 am - Link - Report abuse 0
  • chronic

    7/8 lol. Headed for some more of that Chavezista style success, huh?

    Within 60 months from today the perronistas will be trying to flog this worthless piece of fluff to someone dumb enough to take a flyer on it. Even the spaniards know better now. The Greeks? Wait - they don't have money either. Dumb and penniless? Wait - an IPO of reprivatisation to the rotting roadkillian investors? You can just stuff in the retirement/pension accounts. lol. YPF fails - period.

    Dec 27th, 2014 - 01:01 am - Link - Report abuse 0
  • psql

    Supper news, I hope very much that YPF next year will continue growing, and giving jobs to many people.

    Regarding to bunch of pirates here, I just find them pathetic, as usual.
    GO HOME! We do not want you here in the south

    Dec 27th, 2014 - 11:29 am - Link - Report abuse 0
  • imoyaro

    @13
    Your neighbors don't want you there,kurepi. ;)

    Dec 27th, 2014 - 12:16 pm - Link - Report abuse 0
  • yankeeboy

    13. I don't know if Rgs are willfully ignorant or just stupid. Time and again they post things that make no sense if you know what you are looking at.

    My guess YPF will not be able to float U$ bonds for the next 2 years, will run out of cash, go bankrupt and be delisted. Then the Arg gov't will be pouring $ into it to keep it afloat and pay the massive coimas to every pig in the country.
    Your history will tell you this is exactly the way it will turn out.
    Prove me wrong.
    Idiots.

    Dec 27th, 2014 - 12:21 pm - Link - Report abuse 0
  • Briton

    YPF Miguel Galuccio has assured that 2014 “was an exceptional year”

    ha ha ha , ho ho ho .
    Just because they say its so,

    Dec 27th, 2014 - 12:52 pm - Link - Report abuse 0
  • chronic

    #13. “Supper news, . . . . . . . Regarding to bunch of pirates here, I just find them pathetic, as usual. GO HOME! We do not want you here in the south”

    Dear rotting roadkillian:

    This pirate will gladly quit the commentary if you and the rest of rotting roadkill will do four (4) things:

    1. Discharge your existing obligations and pay your debts.

    2. Don't enter into any more international contracts that you won't abide by now or in the future.

    3. Quit threatening others.

    4. Play sports fairly.

    Is this too much to ask? Huh?

    LOL.

    Dec 27th, 2014 - 05:21 pm - Link - Report abuse 0
  • Captain Poppy

    http://www.buenosairesherald.com/article/178080/ypf-sees-dark-clouds-ahead-in-2015

    #13. Perhaps you did not read mumbles words about next year.

    Go home? Is that like your forme economic ministers interview when the journalist actually asked economic questions: I want to go home!

    Dec 27th, 2014 - 08:34 pm - Link - Report abuse 0
  • Cruise ConTroll

    @15, 18

    https://www.youtube.com/watch?v=DT9rrj3Hlq4

    Burn baby burn ;)

    Dec 28th, 2014 - 01:31 am - Link - Report abuse 0
  • imoyaro

    Glad to see you could make it. Happy New Year!
    http://i1290.photobucket.com/albums/b521/imoyaro/chopperlaff_zpsrpl58kjd.gif

    Dec 28th, 2014 - 04:03 am - Link - Report abuse 0
  • Captain Poppy

    #19. Trandy boi.....back from you chorizo play? How is our Pagina boi with the clown feet? Tell us.......are you the Friday stress relief at the camp for all those “hard” working trolls?

    Dec 28th, 2014 - 05:32 am - Link - Report abuse 0
  • Chicureo

    The beauty of this news is that YPF will be a looser during 2015 and the Spainards will realize that they are far ahead with their settlement.

    Dec 28th, 2014 - 08:37 am - Link - Report abuse 0
  • yankeeboy

    http://www.clarin.com/policiales/inseguridad-estadisticas-robos-delitos-mapa_del_delito_0_1274872541.html

    The crime in the touristy (nicer) parts of BA will be what keeps tourists from civilized countries from visiting Argentina. Already 100s of restaurants and hotels are closing all over the country.
    It is only going to get worse as this spirals out of control.

    I guess CFK has forgotten Tourism was one of the pillars of Nestor's growth plan.

    Dec 28th, 2014 - 03:08 pm - Link - Report abuse 0
  • Enrique Massot

    Of course Argentina retook control of YPF as part of a long haul strategy and not just betting on the crazy ups and downs of oil prices. Most commentators here are just like the opposition media--they rejoice at anything they see as “bad” and get choked when good news come around about Cristina government's accomplishments.
    They are inspired by a deeply reactionary and outdated ideology that aspires to see Latin American countries coming back to their former dependency status.
    Read my lips, buccaneers: it ain't happen. Nobody can stop kids after they have started walking.

    Dec 28th, 2014 - 11:37 pm - Link - Report abuse 0
  • yankeeboy

    24. Like the Aguas Argentina or Aerolinas Argentina or or or or

    Stealing those companies was not a “strategy” nor was a “good” for the common folk of Argentina.

    You are such a fcking idiot you probably still think The Bolivarian Revolution by Chavez was a success too.

    Fcking commie you've not been to Argentina since you fled in the 70s to Canada. Too bad for the world you got away.

    Dec 28th, 2014 - 11:43 pm - Link - Report abuse 0
  • Enrique Massot

    What a coincidence. The opposition to the Kirchners in Argentina also make profuse use of epithets--but few arguments--just like yankeeboy does in #25.
    He states (apparently we all are to believe him) that Argentina's recuperation of strategic companies was not “good” for the “common folk in Argentina.”
    Next, he alleges yours truly's political leanings and place of residence, saying it was a pity the military did not murder me like they did with so many others in the 1970s. Great valid arguments that add a lot of support to yankeeboy's position.
    In a similar way, the Argentine's political opposition calls Cristina Fernández de Kirchner “conchuda” (woman with big vagina) and “yegua,” (mare) during their ever-dwindling street marches--all the while complaining about the lack of freedom they suffer under the Kirchner “dictatorship.”
    Poor yankeeboy: still living in a time most countries have left behind for good.

    Dec 29th, 2014 - 04:33 am - Link - Report abuse 0
  • Cruise ConTroll

    I could careless who runs corporations in Argentina as long as it is not foreigners.

    Dec 29th, 2014 - 04:45 am - Link - Report abuse 0
  • Captain Poppy

    Opposition media......words and terms only heard in a 3rd world joke.

    Pagina boi....is it feeding time yet? Is papa going to sandwich his chorizo between your media luna? I bet you can hardly wait.

    Dec 29th, 2014 - 10:06 am - Link - Report abuse 0
  • yankeeboy

    26. Enrique, The Rg military did a piss poor job trying to eradicate the commie scum ( including you) from their country.
    I'd be happy to discuss/debate any of the corporate confiscations of the Ks or their Heterodoxy economic plans with you if you are up to it.
    Go....

    Dec 29th, 2014 - 01:29 pm - Link - Report abuse 0
  • CabezaDura2

    Hernan is nostaligic of State sponsored SOMISA and probably on benefit ( and compensation for privatization ) and Massot is an exile communist in Canada.
    Yes they should have being thrown off an air plane.

    Dec 30th, 2014 - 04:58 am - Link - Report abuse 0
  • Enrique Massot

    29
    In the same breath, this individual who hides behind yankeeboy pen name tells me--again--that I should have been murdered. In the next line he offers to have a discussion on economic plans. How sick.
    It's not surprising, because the Argentine territory is still soiled by those with blood and their hands who have not repented nor told where the bodies of the people they murdered are. Same for those who stole babies.
    However, many of those “heroes” are now in prison, where they belong. Argentina has settled against state terrorism and crimes against humanity.
    Yankeeboy--if it's a living person--either doesn't know what he is talking about or absolutely lacks empathy. Probably a very sick individual living a sad life and blaming “commies” for his frustrations. Pathetic.

    Dec 30th, 2014 - 05:36 am - Link - Report abuse 0
  • CabezaDura2

    @Massot

    The murderers where yourselves, following the directives of Cuba wanted to install a communist state in Argentina and many other parts of the world by force and genocide [like happened in Cuba]. The military where there to stop you, so like happened in Argentina, it happaned in Chile. There is off the record comments that Ricardo Lagos the first -Socialist- president of Chile said after Pinochet leaked “Thank God that he was deposed [Allende]” by Tata Yofre head of the SIDE

    Peronism and Stateism was not enough for you lot, you would literally hijack busses and force the driver to take the buss & crew to watch the General arrive and give his speech at the Autopista Richieri in 73. Just because you had a JP arm band you thought you had power over society and country. I have heard interviews of former Montoneros saying this themselves.

    I have met people common who remember those years and say “Era todo un quilombo, mandaban ellos [you lot, not the military]”

    You where lucky, you obviously have French ancestry and a reasonably good stationed family with links that got you to the Canadian embassy, just as Think was shipped over to the UK. But you are still terrorist who have blood on your hands.

    That is also why I hate those lefty PC good doer countries like Canada and the Scandinavian countries, who have done nothing but shelter disgusting communist terrorist in the 70s like Massot and now fill themselves with Islamist scum, instead of minding their own God damn business.

    The outlandish hypocrisy of you scum is that now – from abroad – you come and tell us how wonderful things are in Argentina under your own mates running and fucking up everything. It makes me sick.

    Dec 30th, 2014 - 06:24 am - Link - Report abuse 0
  • yankeeboy

    31. As I thought you can't debate the policies and practices you so admire because they are utter failures in practice.

    Too bad you escaped and are infecting other people with your vile notions.

    Dec 30th, 2014 - 11:39 am - Link - Report abuse 0
  • Enrique Massot

    “Infecting other people with your vile notions.” Wow. not even Videla could have said it better.
    During the 1976-1983 dictatorship, the Argentine military did not care much about precision. They spread their nets broad to catch opponents and also potential opponents.
    “First we will kill all the subversives; then we will kill their collaborators; then their sympathizers; then those who remain indifferent; and finally we will kill the timid,” said General Iberico Saint Jean, military governor of Buenos Aires.
    So even characters such as our illustrious yankeeboy would sometimes become suspicious, be kidnapped and tortured. Because they did not have much to say, those unlike victims often went through a lot. Even characters as our indescribable yankeeboy would find themselves naked, tied up into a bed's metal frame and given high voltage shocks, sadistic beatings, “submarine” or the plastic bag. Between sessions, they would hear the cries of others being tortured day and night. There was no time limit for this treatment, which went on for weeks or months. Sometimes families had connections, however the military did not want to make exceptions. It was not good for an officer to go ask for special favours even if it were for a family member.
    In 1977, a civil friend of the military just like yankeeboy looked suspicious and was taken by policemen 300 km in a car's trunk, given “picana,” and hanged from his wrists until the handcuffs ate into the flesh. He would later show how pressing down his forearm made pus ooze from the wounds.
    Should this sort of thing be inflicted to somebody? Absolutely not. No human being deserves that.

    Dec 31st, 2014 - 12:55 am - Link - Report abuse 0
  • Captain Poppy

    Yes there are humans who deserve that.

    Dec 31st, 2014 - 01:26 am - Link - Report abuse 0
  • CabezaDura2

    What a load of lies. How many did you torture, bomb and shoot???

    The 30 k “disappeared” where widely exaggerated by the terrorist like yourself living abroad to get a subsidy of the Dutch government.

    “Labraña ex Montonero Lo de los 30 mil desaparecidos lo inventé yo”
    https://www.youtube.com/watch?v=s0RhlXZqiFk

    Dec 31st, 2014 - 02:58 am - Link - Report abuse 0
  • yankeeboy

    34. Yes some people deserve that, too bad they missed you.

    Anyhoo, how come you don't want to chat about the K confiscations or their heterodoxy plans with me?

    Dec 31st, 2014 - 11:28 am - Link - Report abuse 0
  • Enrique Massot

    #37
    Yes, too bad they missed me and I am still here singing a different tune than yours. I have hope for the human race. If feels good to be here singing to life, while you are full of hate and love for death. Others' death of course. I bet on freedom, you do on oppression.
    In regards to the “K confiscations” I will only say this. Countries need to have control of their destiny. That's something too important to let it in the hands of corporations that care only about their bottom line. Repsol was not interested in expanding production, therefore Argentina had to keep importing fuel. Now YPF is working towards ensuring the country's self-sufficiency and that is good for the country. As simple as that. Developed countries such as Canada who lack a national energy strategy are squandering their natural fossil resources at a quick pace, and unlike Norway, are at the mercy of the crazy ups and downs of oil prices, which of course are dictated by a few players.
    I know this sort of reasons are like speaking in Sanskrit to dinosaurs like yankeeboy or Cabezón, who finds Canada too leftist and says there were no--or not enough--desaparecidos in Argentina because “Labraña says so.”
    Go back to your caves, boys.

    Dec 31st, 2014 - 08:27 pm - Link - Report abuse 0
  • CabezaDura2

    38. Bitch eat this thick one.

    “Hasta la fecha de presentación de este informe, la CONADEP estima en 8.960 el número de personas que continuan en situación de desaparición forzosa, sobre la base de las denuncias recibidas por esta Comisión, compatibilizadas con nóminas elaboradas por organismos nacionales e internacionales de Derechos Humanos.”
    http://www.desaparecidos.org/arg/conadep/nuncamas/479.html

    CONADEPs official “Nunca Mas” never again ( you cant say the ones that made the report are gorillas can you?) states 8900, so yes Labraña is saying the truth. There was never such thing as 30000. If that was the real number then perhaps the country woulden't be the shithole it is today.

    Dec 31st, 2014 - 10:20 pm - Link - Report abuse 0
  • Enrique Massot

    39
    The numbers are not going to be precise because the murderers never gave up their lists. The Human Rights organizations tried their best to make up the numbers, however there are many who were never denounced, in some cases families were too poor and living in remote areas, or having lost contact with their kidnapped relatives.
    In any event, the exact number does not diminish the fact that a large part of our generation was destroyed--mothers, grandmothers and the whole society are still picking up the pieces of this traumatic period of our history.
    Those as the above character who sympathize with the state terrorists can bring oranges to those who have already being sentenced to long stays in prison.

    Jan 01st, 2015 - 01:09 am - Link - Report abuse 0
  • yankeeboy

    38. Enrique, obviously you are too stupid or too scared to debate me about the K confiscations.
    I am sorry that Canada let you in and you have spent many years infecting the population with your vile notions.
    I am sure they regret it.

    Jan 01st, 2015 - 12:17 pm - Link - Report abuse 0
  • CabezaDura2

    40.
    The numbers are those with names and surname, and those coincide with the number of files and cases ammounted by CONADEP, no more no less.

    You have is just “I guess they killed more”
    The 30.000 never existed.... You are alive and many in government.

    Jan 01st, 2015 - 07:47 pm - Link - Report abuse 0
  • Enrique Massot

    #41
    There is no debate on the “K confiscations” my dear yankeeboy.
    Argentina had the political will to take back its own destiny and recover the basic tools the country needs to be economically self-sufficient, and it did it. No need for yankeeboy's permission.
    Cristina Fernandez still enjoys wide support among voters almost at the end of her term, which is rare. Her government keeps working at modernizing key pieces such as the Civil and Penal Codes. The United Nations' General Assembly just agreed on financing Argentina's initiative to create international anti-vulture legislation. In just a decade, the Kirchners have got the country back on its feet and fundamentally changed the way the national income is distributed.
    I could go on and on, but suffice to say that this deep transformation is just reality. Not myself or anybody else's wishful thinking.
    Hateful, brooding characters such as yankeeboy may keep ranting at how nasty the Kirchners are and how things are no longer what they were; that won't do nothin' as they say.

    Jan 01st, 2015 - 08:21 pm - Link - Report abuse 0
  • Captain Poppy

    If Cambodia can move on from Kmer Rouge.......so can you. Pick up your bags and move on.
    As for kirchner.......50 years from now argentina will still be an undeveloped country with overwhelming poverty thanks to kirchner, peronistas and stealing private property.........like people's pensions and businesses.

    Jan 02nd, 2015 - 01:59 am - Link - Report abuse 0
  • Enrique Massot

    Oh please please please Captain...Sorry to burst your bubble...I will pass on your ridiculous statement about the Khmer Rouge because I feel you are seriously misinformed. Let's focus our attention on serious sources such as the World Bank:
    “In recent years, President Cristina Fernandez’ administration has focused on promoting economic development with social inclusion.”
    Most importantly:
    “The country has grown steadily during the past decade and has invested heavily in health and education, areas which account for 8% and 6% of GDP respectively.”
    Also:
    “Between 2000 and 2011, the middle class increased from 34% to 53% of the population.”
    Still:
    “In recent years, moreover, the country experienced record growth within the domestic industry, particularly in the automotive, textile, and appliances industries.”
    Should I go on? But don't believe me. Go to:
    http://www.worldbank.org/en/country/argentina/overview
    Oh yes sorry I forgot. Argentina has fooled the World Bank by falsifying statistics. Or, the World Bank has been infiltrated by Communists.
    We are doomed!

    Jan 02nd, 2015 - 08:20 am - Link - Report abuse 0
  • Captain Poppy

    Oh please, please, please......wipe your own ass. Pick up your bags and move on. Either way you you slice it. You once were not, you are now and always will be a underdeveloped country. You 15 minutes has past. See that yellow light blinking in the corner of your eye? That is you relevance warning light dissipating.
    Soon enough there will be no more businesses to steal, no more upper class to steal from. Hey........how much did you lose when they steal the peoples pensions? Ever get a statement from them? Here is what you USE to have, this is what you will get each month if you can retire....in Argentina.

    Jan 02nd, 2015 - 10:17 am - Link - Report abuse 0
  • yankeeboy

    Enrique, You do realize that Argentina supplies the financials to World Bank and these are the same ones that will get them thrown out of the IMF for being widely false. If the next Gov't wants to stay in IMF they'll have to restate the last decade's worth of financial info and you'll see that all the Ks have done is steal from private business (confiscations), BCRA, Anses, etc to fund most of the fake growth they've been talking about.
    Its the same playbook Chavez used in Venezuela that is currently crumbling. Argentina is just a few steps behind but catching up quickly.
    Argentina owes more money than it ever has, luckily its to itself so when it goes bankrupt (again) it will be against its own people. Good luck if you rely on Anses for retirement.
    You are a disgusting smarmy Commie like Think, Voice one may assume you are a Sistah also.

    Jan 02nd, 2015 - 01:07 pm - Link - Report abuse 0
  • Enrique Massot

    Come on Yankeeboy. Let's backtrack a bit.
    First of all, allow me to say that Argentina has still a long road to go after its cycles of military dictatorships and governments trying widely different approaches since restoring democracy in 1983. In historical terms, Argentina is still in infancy trying to find its own way after governments so widely different as that of, for example, Raúl Alfonsín, Carlos Menem and Néstor Kirchner.
    If we agree that Argentina hit rock bottom in 2001, it would be difficult, even to Cristina haters, to deny the recovery the country has experienced in a few years is remarkable.
    In any event, in the current year, voters will be able to endorse or not the party currently in power. The democratic continuity is in itself the greatest thing, and if you agree that democracy is the less bad system invented so far to rule countries you should acknowledge at least that continuity since 1983.
    From your own experience, you probably know that most people across the world want very simple things: shelter, food, being able to raise a family, perhaps do some travel. Britons, North Americans and Argentines are similar that way, only Britons and Argentines play soccer and U.S. people and Canadians play football.
    Why, even the U.S. has understood it cannot always have its own way in Latin America, and has finally started to demolish its own Cuban wall.
    So why losing sleep over how bad the Argies are? You know very well that Argentina not anywhere near bankruptcy and that the debt now, unlike in 2001, is a small part of the annual GDP.
    Come December you may even get a government of your like in Argentina, which will decide to pay the vultures, beg the IMF and borrow again like there is no tomorrow and privatize--again--the pensions, the energy and the transport.
    What do you say?

    Jan 02nd, 2015 - 07:46 pm - Link - Report abuse 0
  • yankeeboy

    What a bunch of rambling gobbledygook. Are you drunk?

    Personally I think Argentinians are too stupid and corrupt to use Democracy as a means to govern their country.
    I think Democracy has clearly failed in Argentina. The corruption and incompetence of each successive and worse gov't killed it long ago. Argentina, Since Peron has become stupider and poorer with every generation. It is the only country devolving from 1st world to 3rd world. The only one consistently moving DOWN the GDP by country matrix.
    I don't think 2001 was rock bottom, I think the next crash may be rock bottom but it is hard to say. I am not sure where you're getting the debt figures but Arg is more in debt that it ever has been by any comparison you want to use, per person, per GDP, per per per. As I said luckily when it goes bankrupt and it will it will be against its own citizens.

    Arg is on the verge of hyperinflation and depression just like Venezuela its just a few steps behind.

    Jan 02nd, 2015 - 08:11 pm - Link - Report abuse 0
  • Enrique Massot

    Great yankeeboy, thanks for your response. You said it very well--no democracy for Argentins. Perhaps a U.K. protectorado? Or a U.S. one? Any other creative ideas?
    Tell you what. You are not only a resentful person. You are totally out of whack. You may keep ranting here because it's free, but you are nothing but a Nowhere Man.
    “Sees just what he wants to see.”
    So long.

    Jan 02nd, 2015 - 10:09 pm - Link - Report abuse 0
  • yankeeboy

    Enrique, You are a smarmy commie too dumb to answer any of my posts. If you think its so great in Argentina why are are living in Canada?
    I lived in that corrupted dangerous country and came back to the USA because I was so disgusted by the people and the wasted opportunities.
    You're a blind commie with nothing to offer like the Sistahs on this board.

    Jan 02nd, 2015 - 10:55 pm - Link - Report abuse 0
  • Enrique Massot

    Why I am where I am is none of your business yankeeboy.
    So you lived in Argentina and went back to the USA. Does not surprise me, you are not good enough to live there. My country was improved the minute you stepped out. Too bad for the USA it had to take you back.
    In reference to whether I am a blind commie with nothing to offer, go back and read--but read it! #48.
    When you offer a reasoned response to what I said there we can continue discussing other topics.
    However, I doubt I could ever have any meaningful dialogue with a survivor of the age of dinosaurs who wants to deny democracy--to others of course. Unfortunately for you, the world is obviously not paying attention to backward people like you. Therefore you keep barking at the moon.
    And if you want to insult me calling me a “commie” don't bother because I've known many commies you are not even worth cleaning their shoes.

    Jan 03rd, 2015 - 12:34 am - Link - Report abuse 0
  • CabezaDura2

    52.
    You don’t know nothing about Argentina. Never done business here, never worked here, never paid taxes here.
    I don’t see any substance in your hearsay. But you also comment on La Nacion telling -not foreigners- but Argentines how wonderful things are in Kirchnerist Argentina from Canada!!!! Unbelievable hypocrisy.

    Yep, you should have being thrown off a air plane, but I do rejoice on the many of your mates that got massacred by Mr Videla.

    Jan 03rd, 2015 - 04:34 am - Link - Report abuse 0
  • Enrique Massot

    Well, have you got unanimity in the public opinion against the Kirchner government? No you don't, on the contrary Cristina is doing quite well on the polls less than a year from finishing her term.
    What you see or don't see, I couldn't care less, señor Cabezón. What counts is the real situation; what the government has or hasn't done. And the balance is positive and the majority of the public opinion knows it. And by the way, you got it wrong with La Nación--so go back to your “sources.”
    Finally, yes I am here, speak out and back what I say even if it were to make your blood pressure go up. On the other hand, convicted genocide Videla left an empty place for you in an Argentine prison. Why don't you tell a judge there about your solidarity with the massacres of the 1970s, the torture and the stealing of babies?
    Since you so freely give your opinion here, you should have the courage of your convictions and promote hatred without hiding behind a ridiculous sobrenombre as yours, estimado amigo del terrorismo de estado.

    Jan 03rd, 2015 - 08:36 am - Link - Report abuse 0
  • yankeeboy

    Actually where you are is why nobody here will take you seriously. You've lived in Canada most of your adult lift. Protected by a capitalist english speaking country that respects the rule of law. Exactly the opposite of Argentina. You obviously could move back any time to this country you so admire but you don't. Have you even been there on vacation in the last 40 yrs.
    It is disgusting that the Sistahs, you are now part of that group, rave about Statism/Collectivism and all have lived their whole adult lives in the warm protection of a system you hate.
    Hypocrite
    Disgusting
    Loser

    Jan 03rd, 2015 - 11:25 am - Link - Report abuse 0
  • CabezaDura2

    “What you see or don't see, I couldn't care less....”
    Who said anything of what I see or not see. Of course I live here so my opinion outweighs by far yours. If that is what bothers you we can talk about any indicator that was much better and the end of Carlos Menem's mandate than Kirchnerist years. Poverty, un employment, infrastructure, schooling, you name it. All indexes where far better in the 1990s, leave aside GDP per capita alone and productivity.
    Even the Ks are leaving a country far more indebted than Menem & Cavallo.

    You see I was born after democracy returned to Argentina, I know your “version” of the 70s from school and media. It never added up to me that one day, 3 psycho Generals would just wake up out of bed and decide to wipe out “30.000” “students and free thinkers” and kidnap babies. Why would they do that?? You see I’m a critic, I don’t like authority imposing its own truth on me, that is State terrorism. Not being able to tell a judge as you imply what you think of Videla and the 70s without going to jail is State terrorism. You see you have lived your entire life in Canada and understand nothing of your mistakes. You have lived in vain and have nothing to demonstrate no lesson worth passing on.

    I became obsessive in finding out the truth, there is authors like Ceferino Reato, Juan Bautista Yofre that have explained the truth and published in recent years books that very few editorials had the guts to publish.

    You were nothing better than terrorists acting on behalf of Cuba, you would have butchered far more than 7900 had you succeeded in coming to power. You had to be stopped by any means nessesary for the good of the country.

    Jan 03rd, 2015 - 05:23 pm - Link - Report abuse 0
  • Enrique Massot

    #56
    You certainly espouse radical views that are more akin with those of groups like ISIS than anything in the western hemisphere. It's surprising that being relatively young you admit supporting “final solutions” that involve exterminating people without trial. Most people, even opponents of leftist politics, are disgusted by such methods. In Canada, you could be dragged in front of a Human Rights tribunal for denying the Holocaust or for promoting hatred against minorities--let alone promoting extermination to achieve political means as you or your fellow yankeeboy do.
    Becoming “obsessive in finding out the truth,” shows part of your problem. There is no such thing as “the truth” mi estimado. There is “your truth” and then there is “my truth,” and many others, all different (no a reason to throw anybody from a plane). You may be able to interpret reality but you need to consult a few more sources than Reato and Yofre, who obviously feed your narrow views.
    Your claims about where I lived, where I pay taxes etc. are, for the record, out of whack. You know nothing about me and that's fine because here it's not about me and for sure not about who the heck you or yankeeboy are or in which hole you camp.
    Here you will read my thoughts on stories published by Mercosur and challenges to Middle Age views like yours.
    A final thought: relax. Probably, “The Truth” is not mine and not yours but somewhere in between. Going through life you will change your views many times--if you live and learn.

    Jan 03rd, 2015 - 07:02 pm - Link - Report abuse 0
  • yankeeboy

    57. It doesn't seem you changed your view much.
    Still a Commie, still smarmy, my guess is you've been like that your whole life.
    Too bad they didn't find you in time...

    Jan 03rd, 2015 - 08:24 pm - Link - Report abuse 0
  • CabezaDura2

    What you don’t seem to realize is that I have already being taught your version, I have read Pigna and being hammered with the Grandmothers boo-hoo drama for years, in fact some years ago, I thought that the military were evil, my uncles ware super conservative right wingers who said “they were everywhere”. I have already overcome those lies that they taught me at school. Now I am far more right wing than my uncles.
    Now it’s even worse what they teach at school.

    https://www.youtube.com/watch?v=KeBqYf3oQBA
    Then no surprise you have BRAINWASHED KIDS OF 11 YO like Casey Wander making national headlines and saying “ Nestor freno a todos los milicos que seguian con poder”

    Make no mistake. You where not persecuted because you thought different, you where persecuted because you wished to impose by force a communist state on the country.
    Long gone are the days I would have actually felt sorry for you.

    The problem with Canada and Europe is that people there are politically correct, they dont understand how the real world works. The give massive amount of money in foreign aid for africans to just become beggars and breeding future beggars, they brought communist refugees in the 70s from Latam like yourself and now they bring in Islamic fundamentalist and whom with time only bite their own hands that feed them like we see after the Ottawa bombing and the Sydney siege these past months.

    I will take little advice from them, but then again you will take advantage of the good doers in the developed world like you have done your whole life you miserable bastard, that is the reason you did not apply for refugee status in the USSR, Cuba or in Poland

    Time has made me see their true colors while in government. The curruption and cynism of the “abuelas”, the lies, the propaganda, the ideological violence and hate speeches of CFK. You have lived your entire life in vain and you ain't going to change now. But perhaps you will live long enough to see your dreams fail once more.

    Jan 03rd, 2015 - 08:49 pm - Link - Report abuse 0
  • Enrique Massot

    I see you are one of those renegade Argentines who would go knock the gates of the military barracks pleading for the tanks to go out and perpetrate one more of their “golpes” because democracy never suited them.
    Now people of your ilk need to convince voters that your ideas could do better for the country (good luck trying).
    Saying the Argentines were better under the disastrous period of Carlos Menem presidency, however, subtracts any shred of seriousness from your analysis. You are not more trustworthy than the next facho.
    Menem sold the country, not to the best but to the worst purchasers, and his policies were at the root of the worst economic tragedy hitting Argentina, a cataclysm from which the country would emerge thanks to a patriot like Nestor Kirchner.
    Spitting on Abuelas de Plaza de Mayo only shows your true colours; only a person with little respect for human life could speak as you do of those courageous women who have fought to give back their true identity to over 100 of their grandchildren and still keep looking for the remaining stolen babies.
    Much to your and others' despondency, I have lived to see many of my dreams come true, such as see the military being subject to trial, genocide Videla dying in prison, and what I had never expected to see in my lifetime: the 2006 cancellation of the IMF debt, which allowed Argentina to take back its own economic and financial destiny. I know there is no going back for the country.
    Further, when you are still talking about Cuba as a leper, the U.S. acknowledges the failure of its 50-year-old policy and takes steps to re-establish relations. (Talk about a disappointment for for fachitos like you).
    And, on top of that, we got the most beautiful president in the world!

    Jan 04th, 2015 - 12:01 am - Link - Report abuse 0
  • CabezaDura2

    60.
    Its not my fault Argentines are retarded cunts. Im not going to be modest. Not everyone is smart and independent as I am. Most people are poor, ignorant and lazy, spineless therefore they are purchasable by the State hence Argentina is not a democracy. Democracy is something done by the FREE CITIZENS, and most Argentines are not free in fact they dont know what freedom is, so its relative you talk of Argentina being a democracy and in 76-83 a dictatorship. Most people in those days supported the Proceso de reorganizacion nacional, people were less stupid in those days. The Argentines nowadays love to eat shit that the State class feeds them with, the shit you consumed in your youth.

    Yes, Menem was a great presendency considering the country he inherited, the pro market reforms he dared to put in place in the early 90s and overall he left a pretty stable functioning country exept for the public deficit, because even he could not curb the whims of lefties and peronists in this country.
    Cavallo got rid of the monstrous deficit Aerolineas, Ferrocarriles, Telefonos, Correo, SOMISA, Flota mercante and all that other useless crapp the State wasted money in. And its not key assets of the economy you socialists think they are. The country worked just fine without them for a decade. YPF was a record sell out in the NYSE when they privatized it for a oil company at the time, I dont know in what do you base your hearsay that they were badly selled out. Many new transnational companies came and opened up in Argentina.

    Investment flew in, exports and imports grew drastically, Argentina became more global like. He was pretty corrupt, but nothing compared to the K gang that followed him, he never lied about statistics, he never lied or was cynical about anything.

    Argentina is far more indebted now than in his years. CFK is leaving with total debt well over 100% of [real] GDP and you talk of financial destiny, you fool? Enrique you know nothing of Argentina.

    Jan 04th, 2015 - 03:42 am - Link - Report abuse 0
  • Enrique Massot

    #61
    “Not everyone is smart and independent as I am.”
    Bravo Cabezón! You have outdone yourself.
    Anyway, to conclude this ping pong to which I agreed because the above story is already old and I don't believe we intruded too much on this board:
    I thought debt to GDP ratio was 45.6 per cent in 2014, but of course you would have the “real” statistics.
    The Menem affair has already been settled by Argentines years ago, so I am not going to discuss his controversial mandates, which did give Argentina a brief carnival but made the country extremely dependent on foreign markets' ups and downs, therefore the model was soon exhausted. One good thing Menem did though was the elimination of conscription.
    So now that things do not go your way and seeing where your loyalties lie, I suggest you form a new party for the next elections, i.e. the MeneVidelista Party that will decree the end of elections since Argentines are too stupid to know who to vote.
    Your platform could include capital penalty without trial decided by secret conclaves, to relive the good old times when Videla and company ruled.
    Oh, and don't forget to mention that you will bring back Domingo Cavallo to introduce--once for all--some order in the economy!
    Promise the privatization of the pension system to make it work and the immediate cancellation of stupid programs such as the Asignacion Universal por Hijo, and restitution of Videla's portrait in the Rosada.
    Perhaps you can convince grandma to vote for you.

    Jan 04th, 2015 - 08:47 am - Link - Report abuse 0
  • ChrisR

    @ 61 CabezaDura2

    Excellent posts.

    It's no good trying to debate with twats like the Argie-Canuk: his mind has already been fixed in idiocy for decades.

    He is so like 'Stevie' / 'Guzz' et al, it makes me wonder where they get these indictrinated fools from.

    Yes, I am with you: exile or exterminate 15M Peronistas and Argentina MAY have a chance. At the moment it has no chance to find a competent government.

    Jan 04th, 2015 - 10:48 am - Link - Report abuse 0
  • yankeeboy

    Chris, I wonder too, I wonder how these lunatics find this site? Think/Voice/Marcos/Axel/Enrique/Toby et al are woefully ignorant of the country/gov't they claim to root for.
    It is very odd.

    Jan 04th, 2015 - 11:28 am - Link - Report abuse 0
  • CabezaDura2

    62.
    GDP ratio is fake as the GDP is perhaps the size of Chile's economy if you consider the blue rate as a real indicator of the exchange rate you have in the country. The official rate is fake that very few importers and people with access to power can get too. Also you have fake INDEC numbers coming since 2007 so GDP is something like 300 Bn US$ or less. Argentine public debt is near 300 Bn US$ as we speak and going over the roof. That is why they say that the next Argentine default will be on itself instead of a Hedge fund, financial institution or foreign government

    “Perhaps you can convince grandma to vote for you.”

    Enrique, LOL, if I had control over the budget, BCRA & ANSES hence control social assistance and the supply of pesos I can make a base of 30-40% of the country vote for me no matter what I say, what I steal, and what I do. That is because as I said earlier quote “Most people are poor, ignorant and lazy, spineless therefore they are purchasable by the State hence Argentina is not a democracy”
    Its easy to buy votes, and that is how the Kirchnerist rule over Argentina, the country you are so ignorant about.The country which you have never worked, never done business in, nor paid taxes in.
    That is why Massa or Scioli [whom Menem got into politics] will win and both are hated by the Kirchnerists. It has nothing to do with ideology, and you will see this happen in 2 years time.

    “The Menem affair has already been settled by Argentines years ago, so I am not going to discuss his controversial mandates” No you cant discuss anything because again you know nothing of Argentina nor economics and the hearsay of La Campora on-line for Montoneros abroad is ending when it gets a little bit more complicated for you.

    Jan 04th, 2015 - 11:41 am - Link - Report abuse 0
  • yankeeboy

    65. You're probably well over 100% of the real GDP number especially after Arg is forced to recalculate GDP, Inflation over the last decade to stay in the IMF.
    Arg also doesn't recognize lots of outstanding debt to ISCID judgements, holdouts, and whatever the renegotiated balance will be for the GDP/Inflation/Restructured bonds when its all said and done.
    Arg has never been this indebted.
    Once the back is finally broken and they must declare bankruptcy they will have to restructure Gov't employment also. The est 2MM they've hired over the last 2-3 yrs will have to go. There are now more people working for Arg Fed Gov't than the USA!! It is so crazy that its hard to believe.
    The next crash will make 2001 look like the good ol' days.

    Jan 04th, 2015 - 12:04 pm - Link - Report abuse 0
  • CabezaDura2

    Yes total debt [private+public+foreign] is at least over 100% of GDP, how much more is anyone’s guess.

    It is crazy. It seems that everyone is a public teacher or a municipal worker nowadays. I hope that this time the middle classes look the other way when the next administration starts sacking people and does massive cutting of spending. The same middle classes that bitched against Lopez Murphy doing cuts in 2001 where the same idiots that got their dollar denominated deposits stolen by Duhalde the next year. Economic illiterates.

    Jan 04th, 2015 - 01:37 pm - Link - Report abuse 0
  • yankeeboy

    When I moved to Argentina I had to explain to my friend why inflation was bad. My Security bill went up 20% mom in 2003 and I freaked out. He was like its only X pesos and X U$ who cares. I had to explain my income didn't go up that much in a month and it was unsustainable when it all rolls out into the general economy.
    After awhile he finally got it
    And the really scary part is he lived through hyperinflation!

    Lots of numbskulls in that country!

    With the economic activity coming to a standstill its hard to say what inflation will be but based on this last quater gov't print and spend it will be over 50% next year. Who knows with the election spending though.
    I am very curios to see what happens with the Soy crop this year. I think a lot less will be planted since the marginal players are out and it is near or under profitability.
    No cars to export, no foreign tourists and little Soy export doesn't make for a very pretty picture.

    My only hope is NML (and other holdouts) is given the green light to start seizing Arg assets in the USA. It will be a rush to see who gets to evict them first!

    Jan 04th, 2015 - 01:50 pm - Link - Report abuse 0
  • CabezaDura2

    Well but still you can say that during 2002-2003 there was still a lot of imbalances that derived from the megadevaluation, prices had being static during the 90s so a lot of tariffs had to be adjusted. The Patagonian cyclops enjoyed a liquidation of public spending as a result of devaluation and also enjoyed the effects of the cuts and austerity of Lopez Murphy and Cavallo in the 2 DLR years. So he had the famous parallel super pluses [trade and fiscal]. Of course it wasn’t long before he exponentially rose spending again and retards thinks it was his socialist statist policies that made Argentina recover fast and that is what 10 years on, idiots like this Enrique and others buy.

    Jan 04th, 2015 - 02:25 pm - Link - Report abuse 0
  • yankeeboy

    It was certainly no miracle economic model, devalue currency 3-4/1, steal every privae U$ in the system, steal the retirement savings and various other private companies and stop paying debts.
    Easy peasy
    Until there's nothing left to steal
    Like now

    Jan 04th, 2015 - 02:37 pm - Link - Report abuse 0

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