Argentine Politics

[Gandolf50]

This is bad. It will make getting money in easier but really floating the peso will result in less purchasing power for dollar denominated income.

What you say is true. But keeping a arbitrary low rate like they have in the past just fuels inflation which also eats into ones income. Which is worse??

[Daddy Rulz]

It appears that the Peso will float if Macri wins.

http://www.bloomberg.com/news/articl...=yhoo.headline

Tres3.

This is bad. It will make getting money in easier but really floating the peso will result in less purchasing power for dollar denominated income.

[Tres3]

It appears that the Peso will float if Macri wins.

http://www.bloomberg.com/news/articl...=yhoo.headline

Tres3.

[Tres3]

Another press release on the default. The ironic fact is that neither Scioli nor Macri can repay the money without endangering Argentina's reserve position. CFK stole and/or wasted the reserves. I guess she thought it was better to give the money to Argentine LIVs rather than pay the legitimate contracts that the bond indentures contained.

http://finance.yahoo.com/news/judge-...212920330.html

Tres3.

[Tres3]

The below link appeared in today's Miami Herald. Oppenheimer is a well respected, bilingual, and well connected, columnist who writes a syndicated column about Latin America.

http://www.miamiherald.com/news/loca...e41711442.html

Tres3.

[Tres3]

"Import substitution industrialization" was a hallmark of Pern despite already having failed in Mxico, among other places.

It was also tried, and failed miserably, in Costa Rica. NAFTA contributed to the "salvation" of Mexico, but the rest of Latin America eschews free trade and keeps their collective heads in the sand. Will they ever forget the Spanish tradition of high customs taxes on imported goods that the well connected find a way to avoid?

Tres3.

[Dickhead]

"Import substitution industrialization" was a hallmark of Perón despite already having failed in México, among other places. Now we have "inflation denial importation" as Argentina pays Brazil to print 100 peso notes for them.

Seldom have so many striven to do so little with so much. Tomorrow is the big day!

[SteveC]

Newly coined word...Not mine but stolen from another forum I read on Argentina.

A system of government where the least capable to lead are elected by the least capable of producing, and where the members of society least likely to sustain themselves or succeed, are rewarded with goods and services paid for by the confiscated wealth of a diminishing number of producers.

[Gandolf50]

I think that the Argentine people are the laziest in the Western Hemisphere, without doubt. I would say the World, but it is a toss up whether or not the Egyptians or Greeks are lazier than the Argentines.

Tres3.

The Argies beat the Greeks hands down! The Egyptians?? I cant say as I have never been. But culture stereotypes make them a runner up at the very least!

[Dickhead]

I haven't been to either of those countries, but out of the 49 I have been to so far, argies are the laziest ones by quite a wide margin. Here in Portugal there is not a lot of good land. They do what they can with it.

[Tres3]

the people in Argentina are just so fucking lazy.

I think that the Argentine people are the laziest in the Western Hemisphere, without doubt. I would say the World, but it is a toss up whether or not the Egyptians or Greeks are lazier than the Argentines.

Tres3.

[Dickhead]

"'If I lose this job, I'll go back to zero,Diaz said of her $275-a-month salary. This government has to stay in power.'"

Or back to Exedra.

So I am in Portugal now, and that country moved to the left in the last election. I am of and from the left. But the difference between Portugal and Argentina is, the people in Argentina are just so fucking lazy.

Socialism or government spending programs can equal Keynesian pump priming. But not if all you want to do is drink mate all day long.

You have to take Oppenheimer with a kilo of salt, though.

[Jackson]

The below link appeared in today's Miami Herald.

http://www.miamiherald.com/news/nati...e40564761.html

Tres3.

In a nutshell, this article illustrates what's wrong with the socialist policies infecting both Argentina and the USA.

"Today, an estimated 15 million Argentines, or about 35 percent of the population, receive some kind of direct financial assistance from the government"

"...the government is giving cash subsidies to millions of people and has increased the number of public employees by 42 percent, to 1.7 million people."

"...with some saying they'll vote for the ruling party candidate because they fear their social programs will be taken away under a new party"

"'If I lose this [government 'make-work'] job, I'll go back to zero,' Diaz said of her $275-a-month salary. 'This government has to stay in power.'"

There you have it gentlemen: A progressive road map to destroying a nation while simultaneously staying in power by bribing it's citizens with promises of free money that in fact does not exist.

Jax

[Tres3]

The below link appeared in today's Miami Herald.

http://www.miamiherald.com/news/nati...e40564761.html

Tres3.

[Tres3]

The below link appeared in today's Miami Herald. Oppenheimer is a well respected, bilingual, and well connected, columnist who writes a syndicated column about Latin America.

http://www.miamiherald.com/news/loca...e40769703.html

Tres3.