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Argentine individuals and corporations hold some 322.3 billion dollars outside the domestic financial system

Monday, December 23rd 2019 - 10:35 UTC
Full article 3 comments

Argentines ever so suspicious of their currency and so fully confident in the all mighty US dollar, they have some US$ 322 billion hidden in the “mattress”, which means mostly overseas in bonds, shares, real estate, according to the latest figures released by the country's stats office, Indec. Read full article

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  • Enrique Massot

    “Argentines...have some US$ 322 billion hidden...mostly overseas.”

    ”(During) the administration of ex president Mauricio Macri, some 100 billion dollars also took refuge...in security vaults in banks, overseas deposits, plus bonds and shares.”

    Such was the paradise Macri created for those who hold more means than needed to survive day-to-day, month-to-month. Freedom to come and go, freedom to speculate, freedom to do what you want!

    In the meantime, those who need to figure out how to pay for their food, medications and basic services every month were increasingly struggling to make ends meet.

    The figures above provide a quick snapshot of what, in essence, the Macri government meant to Argentines.

    Alberto Fernández is proposing the absolute opposite.

    Dec 23rd, 2019 - 06:10 pm - Link - Report abuse -1
  • RICO

    Alberto Fernández is proposing the absolute opposite.

    id est

    For those who hold more means than needed to survive day-to-day, month-to-month. No freedom to come and go, no freedom to speculate, no freedom to do what you want!

    For those who need to figure out how to pay for their food, medications and basic services every month were increasingly struggling to make ends meet will now be going to paradise?

    Dec 25th, 2019 - 06:52 pm - Link - Report abuse +2
  • Enrique Massot

    Rico

    1. No freedom to come and go?
    Haven't heard of any restrictions to this right.

    2. No freedom to speculate?
    No news about any restrictions to it. But speculation will pay less now than it did under Macri.

    3. No freedom to do what you want?
    Well...as it should be...your freedom stops where another's begins.

    4. Those struggling to pay for your food, medications and basic services...“will now be going to paradise?”
    No doubt. As per the Sermon on the Mount, “Blessed are the poor in spirit, for theirs is the Kingdom of Heaven.”

    Dec 26th, 2019 - 10:20 pm - Link - Report abuse -2

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