Thread: Argentine Politics
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11-11-15 18:37 #75
Posts: 911Originally Posted by DaddyRulz [View Original Post]
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11-11-15 04:17 #74
Posts: 2808Bad
Originally Posted by Tres3 [View Original Post]
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11-11-15 03:28 #73
Posts: 577Argentina's Macri Says Market Will Define Peso Exchange Rate
It appears that the Peso will float if Macri wins.
http://www.bloomberg.com/news/articl...=yhoo.headline
Tres3.
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10-31-15 02:02 #72
Posts: 577Judge: Argentina owes another $6.1B to foreign bondholders
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.
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10-29-15 12:32 #71
Posts: 577Andres Oppenheimer: A political earthquake in Argentina
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.
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10-24-15 12:29 #70
Posts: 577Import Substitution
Originally Posted by Dickhead [View Original Post]
Tres3.
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10-24-15 10:30 #69
Posts: 3510"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!
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10-24-15 09:53 #68
Posts: 247Ineptocracy
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.
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10-22-15 18:06 #67
Posts: 911Originally Posted by Tres3 [View Original Post]
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10-22-15 17:23 #66
Posts: 3510I 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.
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10-22-15 17:07 #65
Posts: 577Lazy
Originally Posted by Dickhead [View Original Post]
Tres3.
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10-22-15 16:08 #64
Posts: 3510"'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.
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10-22-15 14:55 #63
Posts: 2556
Venues: 398Originally Posted by Tres3 [View Original Post]
"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
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10-22-15 11:21 #62
Posts: 577Argentines' fear of change gives ruling party election boost
The below link appeared in today's Miami Herald.
http://www.miamiherald.com/news/nati...e40564761.html
Tres3.
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10-22-15 11:13 #61
Posts: 577Andres Oppenheimer: Argentina’s hour of truth
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.
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