MercoPress. South Atlantic News Agency
Argentina will file complaints against speculative funds in Belgium
Economy Minister Axel Kicillof confirmed the Argentine government will be filing a complaint against speculative or 'vulture' funds for seeking to seize the accounts of the Argentine embassy in Belgium, and the Argentine mission before the EU in Brussels, adding hedge funds are the most “despicable and repugnant” of the world financial system. Read full article
Comments
Disclaimer & comment rulesGood luck with that Austral Elvis, I hope you have a back up plan to get out of the country when it turns into Caracas.
May 09th, 2015 - 10:35 am - Link - Report abuse 0I don't really hope that.
The despicable and repugnant regime accusing others of what it itself is.
May 09th, 2015 - 11:38 am - Link - Report abuse 0One laughs along with the world at this lame regime and their vulgar 'look at me' kindergarten dramatics.
I'm very sure that's exactly why NML does these stunts, their intention is not to actually get the $ but to embarrass the Kthugs and make them squeal and look like total knobs to the rest of the world.
May 09th, 2015 - 11:40 am - Link - Report abuse 0Its exactly what I would do...
3
May 09th, 2015 - 11:56 am - Link - Report abuse 0Clair...
Yeah I'm sure you are right....NML of course, must have a responsibility to share holders, to spend millions of dollars to make people look like knobs...
Voyant...
...“It's exactly what I would do...”.....probably why you are not a captain of Industry and Commerce....
#4
May 09th, 2015 - 12:07 pm - Link - Report abuse 0With a target as easy as the despicable and repugnant regime, why would NML not have a little fun while collecting its cash? A win win win.
4. He's actually spending Argentina's money because they'll end up paying back all of NML's legal fees when they settle.
May 09th, 2015 - 12:08 pm - Link - Report abuse 0Win win
Never claimed to be a captain of industry but I wish I had Singer's money and clout.
BTW Did you figure out how to retrofit an old fridge to use for a/c? I am sure the welfare recipients in Trout Run and Dunoon would find it useful.
BTW Do you line up at Jack and Sarah's gorgeous restaurant at 4 or 5? Is your trailer right in front or do you have to walk a few blocks?
Bahahahahaha
5
May 09th, 2015 - 12:12 pm - Link - Report abuse 0When I invest money in a company...I would expect them to actually invest MY money responsibly and perhaps not use it to play little jokes....
...but I suppose you must be right...
ps....They haven't been doing much winning in the last decade..have they...?
The founder of Elliott Management now runs a hedge fund firm that currently oversees more than $25 billion. Its flagship hedge fund returned 6.8% net of fees in 2014.
May 09th, 2015 - 12:27 pm - Link - Report abuse 0Not too shabby.
Made more than Argentina did last year :)
#7
May 09th, 2015 - 12:30 pm - Link - Report abuse 0That show isn't over, just ask Judge Thomas Griesa. ;)
@8
May 09th, 2015 - 12:43 pm - Link - Report abuse 0If 6.8% positive return is what they made, that's more than the United States made too.
hahahaha
Burn baby burn
http://www.clarin.com/politica/Gustos-extravagancias-diplomaticos-argentinos-EEUU_0_1354064798.html
May 09th, 2015 - 12:49 pm - Link - Report abuse 0In all Statism based economies the Ruling Elite always lives on the backs of the people.
Filthy Marxists I wish they'd go back to their own countries.
Or at least take showers once a week.
“...despicable and repugnant...” - exactly the words K the one eyed used for lenders who collected 8 % interest 14 years ago. what did CK the black haired accept some days ago?: 9 %.
May 09th, 2015 - 01:25 pm - Link - Report abuse 0kic-ill, the bloody fool, poodle of ck.
8
May 09th, 2015 - 01:28 pm - Link - Report abuse 0“The founder of Elliott Management now runs a hedge fund firm that currently oversees more than $25 billion”. ...of other peoples money...
..and they wisely use it to spend on little jokes to make people look like knobs...
..according to Fred....
Fred...the financial expert from above his Ma's garage....
I can see an image here....
I'm thinking...Wolowitz from Big Bang without the brains....
....fred..Fred...FRED!!.....
WHAT MA...?
@4. When you comment, it's always best to prove to all the readers that you're not a pillock. NML has a responsibility to its shareholders to make a profit. Seems that the major shareholder is Mr Singer. The major shareholder dictates policy.
May 09th, 2015 - 01:39 pm - Link - Report abuse 0@7. Oh, I don't know. Leading argieland around by the nose must be fun. Can't you see the hilarity? A corrupt, criminal, mendacious regime trying to appear honest and upright. Knowing that no-one outside argieland believes a word it says!
@10. What a good idea. Burn argieland!
13. I can assure you I don't have any Trailers in 25 miles of where I live. Can you say the same? In fact my neighborhood just breached $1000/sqft. Its so pretty here.
May 09th, 2015 - 02:00 pm - Link - Report abuse 0I used google street view for Trout Run and all I saw were trailers, which one was yours Sistah? No wonder you pay cash they don't finance trailers do they?
Dat's sum livin...
It took a lot of effort to find somewhere as crappy as Dunoon. You must have looked for a long time.
:)
GOD bless Paul Singer. Every time he p*sses off the Argentines I smile.
May 09th, 2015 - 02:58 pm - Link - Report abuse 016. What I like is they ALWAYS take the bait. Moaning and Groaning to anyone who will listen.
May 09th, 2015 - 03:06 pm - Link - Report abuse 0Singer must laugh all the way to the bank...
I do not understand one thing. Anyone condemned by a judgement would have to go to prison if he ignored the court ruling. Why does Judge Griesa do nothing, why is the abuse and humiliation of the US Court tolerated?
May 09th, 2015 - 03:09 pm - Link - Report abuse 015
May 09th, 2015 - 03:13 pm - Link - Report abuse 0Huh...Google Street...not on it....
Got a private road...maintained at my own expense....
You don't get to drive on my road without my say so....
No Google ...no riff raff....only the postie....
...and black bears at night....can't argue with a bear....
“...if it's Brown lie down...
..if it's Black fight back...coz it's going to eat you....”
....local wisdom...
I do not understand one thing. Anyone condemned by a judgement would have to go to prison if he ignored the court ruling. Why does Judge Griesa do nothing, why is the abuse and humiliation of the US Court tolerated?
May 09th, 2015 - 03:15 pm - Link - Report abuse 0Wikipedia says:
http://en.wikipedia.org/wiki/Contempt_of_court
THE JUDGE MAY IMPOSE FINES AND/OR JAIL TIME UPON ANY PERSON COMMITTING CONTEMPT OF COURT.
see also-> History of contempt in the US: punishment reaches officials
http://en.wikipedia.org/wiki/Contempt_of_court
Doesn’t actually say to whom complaints are going to be filed.
May 09th, 2015 - 03:19 pm - Link - Report abuse 0Presumably diplomatic protests of some sort, except this is entirely a legal matter in the courts.
However the Belgian Gov or EU feel about this, they have no power to intervene.
@ 7 Voice
“When I invest money”.
Yeh, we are not talking about buying a house in a game of Monopoly here!
Nah Voice, I was just looking around the town of Trout Run I'm sure it gets much nicer the further you get out of it.
May 09th, 2015 - 03:30 pm - Link - Report abuse 0Bahahahahaha
As I said you had to look a long time to find as crappy of a town as Dunoon in the USA but you did. Congrats! I bet you feel right at home.
22
May 09th, 2015 - 03:44 pm - Link - Report abuse 0It's nice to know you have been looking....but no cigar...
Trout Run is the zip code...but I'm in the hills miles away....
Unlike the UK's postal code....the Yankee zip code covers a huge area....
....don't you know anything about the US.....?
...where are you Argentina....?...;-)))
On a more serious note...the real question that should be addressed is....
Is Yankeeboy Fred dumber than a box of frogs...?
........Well...are you Fred...are you...?
Zip Codes can be large it depends on the population density, so if the trailers are spaced far apart,,,
May 09th, 2015 - 04:02 pm - Link - Report abuse 0You're the one who said you lived in Trout Run PA and I wanted to see what this glorious vacationland was like since I've only driven through on the way to the Finger Lakes. I did stop for gas at the Shell once though. The people looked very nice, if you like em on the big side, toothless, poor and uneducated. I guess you feel right at home.
Seriously, if its got a mall with a Burlington Coat Factory how could it be anything but lovely?
Bahahahahaha
21 Pugol - H
May 09th, 2015 - 05:46 pm - Link - Report abuse 0“@7 Voice
“When I invest money”.
Yeh, we are not talking about buying a house in a game of Monopoly here!”
LOL, Pugol-H!!
but I don't know why people listen to him.
Meanwhile, in Belgium...
24
May 09th, 2015 - 06:23 pm - Link - Report abuse 0....fred....Fred...FRED!!
...“I've only driven through on the way to the Finger Lakes. I did stop for gas at the Shell once though.”
I've got a couple of problems with that statement....
One...there is no Shell gas station at Trout Run...
and...
Two ...there is no Shell gas station near Trout Run...
Bittners...is “unbranded”....but they do a great sandwich...
Steam Valley Restaurant....“Exxon”....don't go in there it's like Deliverance..
The Turkey Ranch up the 15...“Sunoco”....The food is good....
....plus there is no way you would take the 15 to go to Finger Lakes from DC....it's miles out of the way....
Porkies R' U....
@23 Voice
May 09th, 2015 - 06:33 pm - Link - Report abuse 0“...but I'm in the hills miles away....”
Ah, now that does explain a lot, an outcast are we!
Sitting in a log cabin all alone, plagued by insects, brain rotten with sourmash, slowly getting cabin fever.
But if you go into town you have to wear a cowl, ring a little bell as you go, the children throw stones at you……
A pitiful end for the last Haggis snaffling, oatmeal savage.
I can see that your new Company ....“Retorts R'Us”
May 09th, 2015 - 07:13 pm - Link - Report abuse 0...is not quite ready to float on the Stock Exchange....
Argentina will file complaints against speculative funds in Belgium
May 09th, 2015 - 07:37 pm - Link - Report abuse 0Argentina just LOVES pissing people and countries of,
still-what will be==will be...lol
Well maybe it wasn't a Shell but for sure I went through there I remember the sign quite clearly. I make that trip 2x a year I know that route pretty darn well but what makes you think I'm coming from DC?
May 09th, 2015 - 08:01 pm - Link - Report abuse 0I've always said I live on the East Coast but alas not which city/town/village.
I still have not figured out how someone from the as* end of nowhere could have found Trout Run? And Why the F they'd buy there? Makes no sense.
You'd have to be pretty crazy to buy in a redneck area with nothing to offer TO VACATION IN A PLACE WHICH IS EXACTLY LIKE THE PLACE YOU LIVE FULL TIME. Why would you travel by plane, by car about 18 hrs to end up in the same sh*thole?
Gads you are seriously deranged.
In addition to stealing bond payments rotting roadkill has stolen:
May 09th, 2015 - 08:08 pm - Link - Report abuse 0universities
the central bank
natural gas utilities
telephone networks
radio networks
railways
petroleum production
port administrations
the merchant marine
electric utilities
television networks
the postal service
water utilities
airlines
pension funds
aircraft manufacturers
and various and other sundry property belonging to private inidviduals
In most of these cases rotting roadkill has failed miserably in its attempts to manage these assets and has had to sell them - retaining the proceeds from sale of the stolen companies - and then has confiscated many of the assets a second time.
What does this pattern of behaviour say about rotting roadkill and its regard for private property rights and the rule of law?
After almost a year after judge Griesa's “technical default” imposed on Argentina with no results, Paul Singer is becoming increasingly desperate to score some points.
May 09th, 2015 - 08:34 pm - Link - Report abuse 0He sent an officer of justice which in Belgium means a private agent not belonging to the judiciary, to “freeze” the Argentine Embassy's bank account.
At the same time, he published newspapers ads telling Argentines that the Bonar 24 by which the country obtained $1.4 billion--mostly foreign investment--was a bad operation and calling the country to negotiate NML's payment.
Now, do you know how much is in the targeted account? Nothing more, nothing less than (let the trumpets play): 55,000 Euros!! (Of course, Argentina would be foolish to have any cash within vultures' reach).
In the meantime, the United Nations work on anti-vulture international instruments. Belgium already has already anti-vulture legislation but it's readying a stronger law that has all parties support and will be voted in June.
Singer is becoming more famous than he ever wanted. His predatory schemes had previously succeeded in siphoning millions from some of the most impoverished countries in the planet, so he thought Argentina would be just one more easy prey.
Wrong calculation.
32 Enrique Massot
May 09th, 2015 - 08:48 pm - Link - Report abuse 0“In the meantime, the United Nations work on anti-vulture international instruments”.
What does this even mean????? Do you even know what you are writing?
Do you??
Your entire post seems to be made up of whataboutery.
I can not wait, I CAN NOT WAIT to read Yankeeboy's next posting after he has read what you have written at #32.
Oh man!! I am sitting here beside myself already.
A COUNTRY FOR EVERYBODY. (Part one).
May 09th, 2015 - 08:55 pm - Link - Report abuse 0I know that after reading this, there will be some people who will continue with their usuall insults and underestimation that they do against me, because i'm not a furious anti k, in fact, i have always known that for some forists hear, i am no more than a poor idiot.
Although it's obvious that everybody has right to give their opinions, but what bothers me, is the too partial knowledge that some of you have about our problems, and at the same time, you pretend to tell us what we should do.
Anyway, even if i were the moron that some of you think, i prefer being that one million times, instead of being a troglodit reactionary who thinks that the acces to public sistem of health is a priviledge and not a right, which is something that some of you think.
I will always be disposed to talk to many people, beyond whether they think like me or not, in fact, i always read ALL the comments that different forists make in relation to my lectures, but if i don't answer some of them, is because i'm not disposed to give entity to the words of reactionary people whe underestimate me or insult me. It's neather fair nor worthy to follow the game of that social scum.
Beside, i 'm so happy for being too different from all those people who still deffend the ideas of the neoliberalism, which took this country to start XXI century in the conditions of a beggar. Although they don't accept it, some of the few opportunities to progress that we had in that time, was to get a european passport, in order to go to work to Spain or to Italy.
It's well known that in an electoral year, we will hear many demagogical political decisions, and unsustainable electoral promesses.
We already heard the candidats from the stablishment like Macri and Massa, who said that in case they were elected as president, they would finish with income tax, with all the restrictions to buy dollars, and with the taxes for agrarian sector........
Reekie, The UN has no jurisdiction. You're either really stupid or totally insane.
May 09th, 2015 - 09:11 pm - Link - Report abuse 0NML cas cost Argentina 100s of millions of U$ in interest and Billions in lost FDI.
Singer won without collecting a dime.
and he'll get everything including the “legal fees” he's using to embarrass the Kthugs with...
A COUNTRY FOR EVERYBODY. (Part two).
May 09th, 2015 - 09:48 pm - Link - Report abuse 0But at the same time, they manifested to be disposed to keep the social achievements that people got in all these years.
However they don't explain how they'll do to keep those rights, if they want a smaller state. The answer is simple, not only they pretend to give the manage of our economy tho the stablishment, but also they are disposed to return to some of the policies of the 90's, like a new cicle of foreign debt.
On the other hand, their economic advicers, especially Macri's, often say publicly that it's necesary to make a hard cut on our national budget. But not only they never say what they would cut, but also they don't explain either what would be the role of the state in the application of those cuts.
Since 2008, C. F. K's government made cuts to transportation sistem and to energy twice, however the state continued to promote the rases in the salaries of workers and of retired people, that's why we almost didn't suffer for those decisions.
Anyway, it would be too unfair to criticise the incoherence of those demagogue candidats only. Actualy many people who charge high salaries, and who complain about the income tax, at the same time, they want the state to give them more security, a better transportation sistem, etc, etc. They want to have first world services, but with the tributary pressure of third world countries.
I would like to know how many of all those people who insult the government for what they pay in relation to income tax, know that actualy tributary pressure is much bigger in developed nations that in argentina.
In my opinion i think that more citizens should pay that tax, if what we want is to have good services, but with a reasonable proportion, according to the different wages.......
Having your citizens actually pay the taxes that support the system SOUNDS simple and fair.
May 09th, 2015 - 10:08 pm - Link - Report abuse 0DECEPTIVELY, so !!
WHICH citizens?
WHAT % of their personal income?
WHAT % of their business income?
WHAT are your social services, handouts or health, education, or skills training??
Simply taxing the Rich to handout Freebies to the Poor, is not going to help your economy, or the Poor, in the long run.
It is ultimately unsustainable - then everybody loses.
Good for buying votes though!!
33
May 09th, 2015 - 10:36 pm - Link - Report abuse 0...“Oh man!! I am sitting here beside myself already.”
There's two of you...?
Ahh....I get it...in front of a mirror....
..Whatcha doing sat in front of a mirror...?
A COUNTRY FOR EVERYBODY. (Part three).
May 09th, 2015 - 11:06 pm - Link - Report abuse 0On the other hand, i wonder again, how many of those people who complain about the restrictions to buy dollars, or to get imported products, know about the 9 economic runs that we had since 2007, which were the worst of the last 40 years.
I would like to know also how many of them know about the constant pressure of the biggest agrarian producers, who reject to sell the harvest, because they want to push the government almost all the time, in order to get new devaluations.
If all these facts wouldn't have existed, or if they wouldn't have had the magnitude they had, i have doubts about whether the government had implemented those restrictions.
It's necesary to understand that we are in the middle of a reindustrialization process, which will take many more years.
The lack of dollars, and the high foreign debts, were the main structural problems that we had, that's why we couldn't assure the development of our economy.
Argentina won't have a sustainable industrial development, if future governments let agrarian sector dilapidates again the huge rent of that activity.
The fight against the vultures, is just one more chapter, of the long way that we have, in order to have an industrial nation again.
Some people, even the vultures criticise the fact that we are paying now a rate of 9%, when many countries pay 5 or 6%, however they don't say that those low rates, implicate to accept the conditions of the credit institutions, like with the i. m. f. We already had a too dramatic experience, when we used to accept them.
@32
May 09th, 2015 - 11:37 pm - Link - Report abuse 0What 55,000 euros in that account and Killitof is complaining and filing a complaint to the Belgium authorities PMSL What a knobhead, you expect us to believe what you say LOL
#34 axel arg
May 10th, 2015 - 01:12 am - Link - Report abuse 0Why not just embrace the free marker economy of Chile and find far better success due to the incredible natural resources Argentina has been blessed...
...oh yes, I realize your country is populated by Argentines...
“Economy Minister Axel Kicillof confirmed the Argentine government will be filing a complaint against speculative or 'vulture' funds for seeking to seize the accounts of the Argentine embassy in Belgium,...”
May 10th, 2015 - 02:21 am - Link - Report abuse 0How humiliating for Argentina, having its creditors trying to seize its assets in order to make good some of its debts.
And what does Argentina do? Grow up and pay up? No way, in their twisted minds it is better to continue to be a laughing stock in the eyes of anybody that matters, play the sympathy card (again) and complain, protest, whinge and whine all to the screeching background refrain of “Don't cry for me Argentina.....”
What a pathetic bunch of losers.
When criminals are commando assaulting houses in San Isidro nad dragging people out of them to kidnap them all is lost.
May 10th, 2015 - 10:31 am - Link - Report abuse 0These houses have 10 foot walls and private security on all corners.
It is much worse than the trolls are saying
much worse.
Embrace a free market economy and shoot all (well most at least) politicians.
May 10th, 2015 - 12:23 pm - Link - Report abuse 0@39 Axel aka Enrique aka Christian Rubilar
May 10th, 2015 - 12:45 pm - Link - Report abuse 0Damm you are so dumb, you will be singing that old tune even while begging in the streets.
Governments are meant to help the industry and build trade.
NO one wants to invest here while these thieves are in power. Now we are going to wait it out till the end of year.
I think it is hilarious and scary that Axel ( the dumbest poster on the board) somehow thinks the Farmers are to blame for Argentina's lack of MFG.
May 10th, 2015 - 12:59 pm - Link - Report abuse 0What a nut.
If the majority of the population is as dumb as it is you are doomed.
Doomed.
The worst part I hope to heaven its not still teaching.
Argentina needs to have mass re-education camps.
@32 Enrique Massot
May 10th, 2015 - 01:06 pm - Link - Report abuse 0Judge Griesa's ruling has had one important result, you are paying twice the interest rate you would otherwise.
And this is an ongoing effect, making this a victory at an ever increasing cost. At some point it will become Pyric.
You may yet have to do some sort of deal to get out from under this.
I agree that Mr Singer’s time of being able to do this, is now almost over, there are fewer and fewer bond issues that allow this to happen.
Although don’t hold your breath waiting for any concerted UN action, probably the IMF would be a better venue.
All European bonds have had “anti-vulture fund clauses” written into them for several years now.
So Mr Singer will not be able to do the same to Greece in 10+ years’ time.
@34 axel arg
“i am no more than a poor idiot”, not at all Axel, not at all.
Just “misguided”, that’s all.
I would point out that we have free health care, something which all parties at the recent election promised to protect.
A promise that they will be judged by at the next election, and they know it.
Otherwise, we just voted in a Gov promising more austerity and less spending, in order to produce a more favourable situation later.
Situations are different I know, corruption is nothing like as much of an issue here for a start.
However I see no evidence of any re-industrialisation going on in Argentina, correct me if I am wrong but isn’t industrial output falling, even by the Gov figures.
If you were gaining something out of this I could see the point, but I can’t see how or where you are.
I admit, I do not believe a word your current Gov says, about anything.
How reasonable is it that rotting roadkill is the victim IN EVERY SINGLE CIRCUMSTANCE OF DISPUTE?
May 10th, 2015 - 02:21 pm - Link - Report abuse 0“RG Trolls: Defending the indefensible with GUSTO since '45.”
“A protectionist, command economy will work. If only we could prevent all these other states from attacking it with their competing interests!”
@32. Do you understand about the illegitimacy of retroactive legislation? Who's going to do anything about these 'anti-vulture international instruments'? For the multiplieth time, UN General Assembly resolutions are NON-BINDING. Let's take a simple example. The UN General Assembly considers these .'anti-vulture international instruments'. Australia, Canada, Denmark, Finland, France, Germany, Italy, Japan, Norway, Waziristan, United Kingdom and United States vote against. What are you going to do?
May 10th, 2015 - 02:36 pm - Link - Report abuse 0@34, 36, 39. Do you understand how much of people's time you are wasting? That's the people who see your 'name' and actually read instead of just thinking 'more trash' and skip on. I thought you were supposed to be a 'teacher'. Shouldn't you be capable of 'learning'? In using an English language site, isn't it about time that you learned to type proper English? It's the language of the world you know!
TROY TOMPEST:
May 10th, 2015 - 03:17 pm - Link - Report abuse 0In my opnion i think that most workers should pay the income tax, but people who charge the minimun salary, and retired people should be excepted of that measure. What i say in relation to the tributary pressure in developed nations, isn't just a personal opinion, it's a fact, that's why they have great services, especially transportation sistem.
One of the biggest falencies of kirchnerism, is the lack of a deep tributary reform, the government just made too partial improvements, but there are still some remoras of neoliberalism that remain in the actual tributary model.
In an electoral year, that kind of political decisions won't be taken.
CHICUREO: I respect your preference for free market economy, but unfortunatelly you haven't understood what were the consecuences of that kind of policies in Arg. during the 90's.
Beside, it's not serious to compare Arg. with Chile, both economies are totaly different.
On the other hand, respecting the so called free market, the same countries that accuse us of implementing too protectionist measures, join with Arg. the list of the 10 most protectionist nations of the world.
KLINGON: If you read the part one and the part two of my lecture, you'll know why people like you won't receive any answer from me.
PUGOL-H: I don't think that you are one of those reactionary people who think that the access to health sistem is a priviledge and not a right.
It's true that for the last 2 years, some of our industrial productions haven't grown, in fact, the recession of our main trade partner (Brasil) is prejudicing so much our exports. but when i refer to a reindustrialization process, is because we could recover many industrial sectors that we had lost, because of the neoliberalism of the dictatorhsip, and of the 90's.
CONQUEROR: Sorry if my english isn't so proper, i'm not an english man, i'm an argentine who speaks english, anyway, i don't think you don't understand what i say in my lectures, which is what matters.
Axel Aargh
May 10th, 2015 - 03:53 pm - Link - Report abuse 0“. but when i refer to a reindustrialization process, is because we could recover many industrial sectors that we had lost, because of the neoliberalism of the dictatorhsip, and of the 90's.”
You've had at least 15 years to “re-industrialise” and... nothing!
Blaming Brazil's recent slowing economy for your economic and industrial failure is no excuse - it seems that your products are not competitive anywhere.
Creating Mercosur to protect non viable industries helped in the short run, but now those industries are even more outdated, unable to compete, and short of customers.
All at a time when your people can see there are better, cheaper, more advanced products available elsewhere.
You are the authors of your own misfortune.
More KoolAid anyone... ?
Why are any of you bothering with that numbskull?
May 10th, 2015 - 04:09 pm - Link - Report abuse 0He's needs confinement to a re-education camp.
I love how Stupid Peronistas claim they tried free market for a decade and claim it didn't work. They're idiots and should all be eliminated from the gene pool.
idiocracy
TROY TOMPEST.
May 10th, 2015 - 04:50 pm - Link - Report abuse 0Unfortunatelly you have a too partial view about our problems with some industrial sectors. What i say in my comment 50, isn't just a personal opinion, it's a fact. You don't need to be too smart to realize that if Brasil, which is our main trade partner has been on resession since more than one year ago, it was going to prejudice our exports, anyway it's obvious that it's not the only one cause, perhaps it's time to look for other markets.
The problem of many bussiness men in Arg., especially the biggest ones, is that one of the few policies that they want, in order to recover competitiviness, is a hard devaluation, like the one we had in january of last year. They have never wanted to make enough inverstments, even despite the fact that thanks to the policies of the populist government that they detets, they won so much money in all these years.
If the state didn't have the important role that it had, with the purpose of mitigating the negative consecuences of the devaluation of last year, our people would suffer terribly. It shows that even despite the hard 9 economic runs that we had since 2007 untill 2013, which were the worst of the last 40 years, our economy is still too solid, otherwise, C. F. K.'s government would have fallen, like president Raul Alfonsin in 1989, when the stablishment provoked a financial coup d'etat, in the contetx of a too weak economy, and took him out of office.
There's an awful lot of Arg citizens longing for the good ol' days of military rule. Wouldn't it be funny if the Marxists terrorists regime currently running Argentina into the ground brought back military rule.
May 10th, 2015 - 07:59 pm - Link - Report abuse 0I would smile all day.
“even despite the fact that thanks to the policies of the populist government that they detets, they won so much money in all these years.”
May 10th, 2015 - 10:08 pm - Link - Report abuse 0Someone needs to get him a helmet to prevent his head from receiving anymore trauma.
#50 axel arg
May 11th, 2015 - 07:38 am - Link - Report abuse 0Of course our countries are not the same. Although we in Chile have developed our mining, fisheries, forest and fruit exporting resources, our Argentine brothers have been sitting on enormous wealth in food commodities, minerals, petroleum, fisheries and a respectable manufacturing sector. (Let's face it, Argentines are incredibly far wealthier than Chileans.)
In Chile, our policy is to reserve part of our earnings aside as an insurance against less good times ahead. In Argentina, in contrast, they simply let their politicians steal the money.
The independent Chile central bank has for years operated a freely floating exchange rate, allowing the peso to rise and fall with the amount of currency entering or leaving the country. Argentines on the other hand heavily managed their peso through intervention and bizarre controls.
We in Chile have pursued free economic policies that have delivered steadily rising incomes in an environment of transparency and stability.
Argentina on the other hand has followed their masochistic populist corrupt Peronism that is a cancer.
I like Argentines as individuals, but as politicians few can stand them.
Not very many investment advisors think a new Prez is going to help the situation in Arg very much.
May 11th, 2015 - 01:28 pm - Link - Report abuse 0They're all on a wait and see
That Tsunami if inflation is sitting right off the coast
prepare yourself
BTW what's up with all the teens stabbing each other?
Sad
Axel:
May 11th, 2015 - 01:58 pm - Link - Report abuse 0You, like all the left wing populists in our poor benighted country shout about the “neo-liberal” policies of the 90's, but they were not to blame for the debacle of 2001, what was to blame was simply CORRUPTION on a huge scale where Carlos Menem and HIS band of criminals stole over time about U$S 6.5 billion.
Now the K criminals have stolen about U$S 20 billion more. It is only because Argentina is a country that STILL has enormous reserves of natural resources that we are not totally bankrupt rather than in default!!!!!!!!
58. I think when the dust settles you'll find that Arg is bankrupt and the “reserves” are all gone.
May 11th, 2015 - 02:56 pm - Link - Report abuse 0#58 Simon68
May 11th, 2015 - 02:57 pm - Link - Report abuse 0I agree with your observation that your country's abundant natural resources are definitely a factor, but also your large workforce of well educated and trained professionals. (No, I'm not joking.). Despite the sad decline in the Argentine quality of education over the past two decades, your country is privileged to have a high percentage workplace pool of professionals for future progress.
Only Uruguay, Chile and Argentina have this advantage. (Brazil has the numbers, but it represents only a small percentage of the overall population.)
59 yankeeboy (#)
May 11th, 2015 - 03:28 pm - Link - Report abuse 0May 11th, 2015 - 02:56 pm
If by reserves you are meaning our U$S reserves, then you are right, if we have U$S 3 billion in the BCRA I'd be surprised!!! But what I was talking about @58 were natural resources, which thanks be to God are still in the ground/sea and have not been exploited by the K criminals.
60 Chicureo (#)
May 11th, 2015 - 02:57 pm
I certainly agree with your comment. We have still a very well educated and intelligent work force, but it is constantly getting smaller due to the brain drain and increasing lack of employment opportunities. It is very sad that one of the major results of left wing populism is a slow but sure loss of intelligence among the population!!!!!
Doh!
May 11th, 2015 - 03:57 pm - Link - Report abuse 0MORAL BANKRUPTCY.
#61 Simon68
May 11th, 2015 - 04:06 pm - Link - Report abuse 0When I was in my teens (alas, long ago) I was very envious of Argentinians due to their access to an excellent and virtually free university education. Your hospitals provided perhaps the best health care in South America, Argentina had the best of social services, highways and Buenos Aires was breathtaking on my first visit.
The Argentine middle class was “civilized” and although your country suffered with the disease of leftist progressives desiring a Socialist revolution, there was hope that people would sober up and realize they were being swindled by the the Peronist politicians.
Chile in 1973 was devastated. Our economy, banks, schools, hospitals, highways, social services, pensions... Just about everything was a disaster.
In my naval studies, you Air Force and Navy was my country's greatest threat.
Today, whenever a first time visitor to Santiago arrives, it's amusing to watch their reaction. (We still have severe deficiencies in certain areas, but overall the city is stunning for tourists.) sort of like my first reaction to BA in the 70's...
My point is that, IF Argentina had focused on fiscal responsibility, good governance and fighting corruption (As well as leaving the Falklands alone.) your country would easily be among the top 10 countries of the world.
I brought an Argentine friend to Santiago and he was shocked that everyone looked so happy and that people were lined up to pay their taxes.
May 11th, 2015 - 04:18 pm - Link - Report abuse 0When we got back to BA I also noticed everyone looked miserable/angry just walking down the street.
#64 yankeeboy
May 11th, 2015 - 04:51 pm - Link - Report abuse 0Oh, we're not really enthusiastic about paying 19% VAT across the board, and there are cases of tax avoidance, but we pay because the SII has very sharp teeth when they catch you. On the other hand, our import taxes are extremely reasonable... AND... there are NO taxes on exported goods.
Also as a comment, our national happiness index is a bit low at the moment as Bachelet's popularity has plummeted due to the recent economic performance.
This was a decade or so ago and I don't know what taxes the people were paying but it looked like they had mobile tax collection and people were lined up or in their cars are various spots around the city.
May 11th, 2015 - 04:58 pm - Link - Report abuse 0Number 24 during the commodities super cycle. How could rotting roadkill EVER be expected to surpass the GDP's of:
May 11th, 2015 - 05:04 pm - Link - Report abuse 0Russia
Canada
Australia
South Korea
Spain
Mexico
Indonesia
Netherlands
Switzerland
#66 yankeeboy
May 11th, 2015 - 05:33 pm - Link - Report abuse 0Ah, probably in March when we pay annual automobile registration fees. The system is excellent as the taxes go directly to the communities that collect it and you can pay at the location you prefer. The result is outstanding, competitive, efficient, friendly and quick service. It has been a tremendous success.
What you will not find here are corrupt tax collectors. They (almost) do not exist.
Chile also has a very flexible and reasonable system regarding the payment of residential property taxes.
I don't know that I noticed Chileans were more smiley than Argentines but on my first visit to Santiago, after a long spell living in Buenos Aires, I noticed how much cleaner it was. A walk around even the poorer areas did not require me to dog-shit-dodge. It really it terrible in BaAs that every pavement and park is a dog toilet.
May 11th, 2015 - 05:37 pm - Link - Report abuse 0#69 Elaine
May 11th, 2015 - 06:32 pm - Link - Report abuse 0Well, certainly you'll notice that downtown Santiago, Providencia, Las Condes, Vitacura, etc... are very clean, but you're right about the poorer areas including some of the worst due to each municipality having independent governance.
Residents are required by law to keep their sidewalks clean and despite all the stray dogs, it's nothing like you'll find in Recoleta or Puerto Madero.
http://dealbreaker.com/2015/05/paul-singer-having-some-fun-with-argentina-again/
May 12th, 2015 - 01:18 am - Link - Report abuse 0Elliott Management chief can resume one of his (and our) favorite hobbies: screwing around with them, because, really, why not? As with its foray into legal piracy, Singer’s latest—having a “private justice official” freeze an Argentine diplomatic account holding €52,001—is just as likely to get him €52,001 as 2012’s punking was to gain him an historic warship. Because even though the country doesn’t always have a government, Belgium does still have laws, somehow, including laws covering diplomatic immunity. Still, Cristina Kirchner’s ambassador in Brussels is gonna have to make due with leftovers for a few days, and it’s always fun to see Argentine officials get spitting mad, isn’t it?
Is someone reading my posts?
:)
#71 yankeeboy
May 12th, 2015 - 07:58 am - Link - Report abuse 0Oh yes, I'm reading your posts and agree that Mr. Singer is having great fun at the expense of the K criminals.
During the UP in Chile (1970-1973) my father was nearly bankrupted by the Communists. Instead of defaulting, he renegotiated his debt and paid it all off over a decade later. It was a matter of character, which sincerely is lacking on the other side of the Andes...
Plus, in the boom of the 1990s, he made it back, several fold, as he'd regained his credit worthiness.
72. If I were Singer I'd have someone trying to figure out a way to play with their trade.
May 12th, 2015 - 11:58 am - Link - Report abuse 0I have a feeling he's waiting on the Arg asset list before he does than.
So it should be any time now...
Who's winning?
May 12th, 2015 - 03:46 pm - Link - Report abuse 0That's easy. Just compare the daily lives of Singer and his partners with the daily lives of the average rotting roadkillian. LOL.
WTF is up with all the kidnappings?
May 12th, 2015 - 07:47 pm - Link - Report abuse 0BA is descending into Caracas just as I predicted.
Yes Argentinia is right. Please send me my FREE bottle of Malbec to “amantes de Cristina” callé de los idiotas112, Mendoza, Argentina
May 12th, 2015 - 08:33 pm - Link - Report abuse 0Elvis for president!
May 12th, 2015 - 11:52 pm - Link - Report abuse 0“HAVE YOU IGNORED A TROLL TODAY?”
SIMON68 and CHICUREO.
May 17th, 2015 - 03:44 pm - Link - Report abuse 0The hypotheis of you both, in relation to the reason why arg. isn't in bankrupt is too ingenuous. While it is true that the country has huge natural recources, however it didn't impede the terrible crisis that we had in the past.
Beside, after reading some of simon's comments, i realized that there is still a sector of the argentine population who thinks that the reason why we had hard social problems in the 90's, like unemployment, was the corruption of Menem's government, instead of emphasizing in the economic model of that time.
I must recognize that in that context i was a teenager, in fact, in 1999 i voted for De La Rua, when i was 19 years old, and as many other citizens i asked him to create much more jobs, but without changing the convertibility plan. Unfortunatelly, when we realized that what was making arg. poorer every year wasn't Menem's or De La Rua's corruption, but the economic model, it was already too late.
For the first year of the convertibility plan, in 1991, we had a 6% of unemployment, however even despite our economy had an important growth during Menem's presidence, unemployment never stopped increasing, not even in the best year of that plan, which was 1997, where the rate was 12%.
On the other hand, i don't defend the moral of any functionary, what i defend from all these years, are the achievements that workers could get, which must continue beyond who wins the presidential election in october.
Beside, you have to understand that if any functionary is corrupt, it must be determined by justice, not by rented cretins from the hegemonical press,who usually distort the facts, on behalf of the economic interests that those corporations represent, or by those n.g.o which have strong entaills with conservative parties.
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