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| Argentina Crisis: Financial turmoil could spark market chaos, experts warn | |
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| Tweet Topic Started: May 16 2018, 05:14 AM (1,026 Views) | |
| Che On The Rocks | May 16 2018, 05:14 AM Post #1 |
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Express |
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Free Milagro Sala! What happened to Santiago Maldonado? What happened to ARA San Juan? Mapuche Lives Matter! Stop the political persecution in Argentina! Stop the looting of Argentina! | |
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| Che On The Rocks | May 16 2018, 05:23 AM Post #2 |
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This thread is the continuation of this other. Besides: Argentina peso closes higher but inflation soars to 25.5 percent
Thousands Protest IMF Loans In Argentina, Again
![]() Demonstrators march during a protest against the economic measures taken by Argentine President Mauricio Macri's government, in Buenos Aires' financial district, Argentina May 15, 2018. | Photo: Reuters Argentina peso crisis: Move to seek IMF aid criticised
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Free Milagro Sala! What happened to Santiago Maldonado? What happened to ARA San Juan? Mapuche Lives Matter! Stop the political persecution in Argentina! Stop the looting of Argentina! | |
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| PATruth | May 16 2018, 09:28 AM Post #3 |
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These headlines could be from 50 years ago or 50 years into the future. Some things never change, Latin American is destined to be a perennial sheithole. |
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"No. No he won't. We'll stop it." | |
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| Robert Stout | May 17 2018, 05:01 AM Post #4 |
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Argentina should stop pretending that they are a civilized country....Their economic model was adopted by Zimbabwe and other primitive countries............... :oyvey |
| Jesus can raise the dead, but he can't fix stupid | |
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| Che On The Rocks | May 18 2018, 07:24 AM Post #5 |
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[twitter=realDonaldTrump/status/997233764689498112]
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Free Milagro Sala! What happened to Santiago Maldonado? What happened to ARA San Juan? Mapuche Lives Matter! Stop the political persecution in Argentina! Stop the looting of Argentina! | |
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| Che On The Rocks | May 18 2018, 07:48 AM Post #6 |
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Macri says Argentina’s currency crisis is over
![]() People hold cutouts that look like light bulbs with signs that read in Spanish “no to the price hike” during a protest against the economic policies of of Argentina’s President Mauricio Macri in Buenos Aires, Argentina, Wednesday, May 16, 2018. Unions and opposition grassroots movements marched in downtown Buenos Aires against hike in tariffs, inflation, and a loan by the International Monetary Fund requested by the government after a currency crisis that weakened the peso in the past weeks. (AP Photo/Victor R. Caivano) Argentine peso stabilises after central bank draws the line at 25 per dollar
Ctera Teachers Union Announces National Strike for Next Wednesday
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Free Milagro Sala! What happened to Santiago Maldonado? What happened to ARA San Juan? Mapuche Lives Matter! Stop the political persecution in Argentina! Stop the looting of Argentina! | |
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| Robert Stout | May 18 2018, 08:47 AM Post #7 |
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Argentina has always been about great potential and failed reality.............
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| Jesus can raise the dead, but he can't fix stupid | |
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| Che On The Rocks | May 19 2018, 06:36 AM Post #8 |
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Mr. Robert Stout: Argentina is like the US, if the South would have won the American Civil War. ------------------ Argentina forced to seek IMF aid over fears for economy
![]() A demonstration against the government’s negotiations with the International Monetary Fund in Buenos Aires on Thursday. Photograph: Eitan Abramovich/AFP/Getty Images Why Turkey and Argentina are the main emerging market weak links
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Free Milagro Sala! What happened to Santiago Maldonado? What happened to ARA San Juan? Mapuche Lives Matter! Stop the political persecution in Argentina! Stop the looting of Argentina! | |
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| W A Mozart | May 19 2018, 11:35 AM Post #9 |
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I haven't looked at Argentina in a long time. I then took the time to read ALL of Che's articles (and, thank God he didn't include the drivel from Telesur... ), to get some kind of idea on what "in the name of the wide, wide world of sports" is going-on in Argentina? This was all done over morning breakfast and coffee, then later some turkey breast on German black bread (Schwarzbrot) with spicy brown mustard, .... Interesting stuff. Basically, in a nutshell, this is what just happened: The soy bean is absolutely critical the Argentine economy. The Argentine agricultural sector just finished going through a punishing decree from the South American Gods, ...a severe drought. The soy bean people, who were particularly hard-hit, lost most of their crop. With no soy beans to sell, valuable foreign currency doesn't get injected into the Argentine economy. Meanwhile, the Argentinian government is continuing to spend money like a drunken sailor on a night of bar-hopping in Capetown. So, ....the Peso dropped to 25 to the dollar. (It use to be 4 to the dollar) But, but, this is a double edged sword. It now means that Argentine products are incredibly cheap, and tourism will be huge money maker in the coming months. Macri was absolutely correct to allow the Peso to float. That's it. That's the story here in a nutshell. Macri is doing the right thing by going to the IMF. That's precisely why they are, for this kind of economic catastrophe. The last time this happened the Argentine government was hammered by the IMF to reign-in government spending! "Socialists" don't like be told to stop spending other people's money. It is their "raison d'etre." This was the key quote from ALL of the articles Che provided, which I did read. From Reuters:
Lesson to Argentine government, especially the socialists, .....stop spending money you don't have...! Mozart Edited by W A Mozart, May 19 2018, 11:35 AM.
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| Robertr2000 | May 19 2018, 03:18 PM Post #10 |
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Wall Street Crisis: Financial turmoil could spark market chaos, experts warn |
| "if that **** wins we'll all hang from nooses" | |
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| Robert Stout | May 20 2018, 12:09 AM Post #11 |
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The Argentina economy must now depend on Che giving Tango lessons to elderly America widows....The last Tango in Cordoba..............:shakeshead: |
| Jesus can raise the dead, but he can't fix stupid | |
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| W A Mozart | May 20 2018, 11:09 AM Post #12 |
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We need to pitch-in some bucks here to get Che up here to America, and soon. If we are going act like a South American government, we may as well bring in the experts as to how to really run the damn thing. Che is an expert, a lovable one at that. The Argentinians figured this thing out a long time ago. When "we" win, everyone else leaves. Gone, ....adios Amigo. Out-the-door. I mean everyone. The Washington D.C. bureaucracy is chock-a-block with Democrats hiding under their desks. We need to get rid of them, ...all of em! "We won, you lost, clean-out your desks and take a hike..!" Che would know how to do this. That's the real lesson here. Get rid of the deep state. Mozart Edited by W A Mozart, May 20 2018, 11:11 AM.
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| Che On The Rocks | May 22 2018, 07:03 AM Post #13 |
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With Cristina, you bitched every day. Now it is. Macri's re-primarization. Cristina had droughts, too. But she didn't run to the IMF because that. Where? In Panama? Remember Macri-nomics, rule #1, too: taking debt, debt and more debt. Yup. And that devaluation is already pushing the prices up. More inflation. In 2002. Glasses. Macri already devaluated the peso, in December of 2015. Does it look like the exports and foreign tourism saved Argentina in these last 2.5 years? Macri did that, after burning ten billion dollars from the reserves! There is more, and i'm going to be your Virgil through this Argentinian Hell. Seventy five percent of the Argentine population disagrees. Divine! Mauricio Macri is right-wing, conservative, neoliberal-capitalist! Haiti has not deep state.
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Free Milagro Sala! What happened to Santiago Maldonado? What happened to ARA San Juan? Mapuche Lives Matter! Stop the political persecution in Argentina! Stop the looting of Argentina! | |
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| Che On The Rocks | May 22 2018, 07:13 AM Post #14 |
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Mr. Robert Stout: if the widows are "potable", i teach tango, rock, foxtrot and cuarteto! ----------------- Shut Up, Investors Told, as Argentina Unleashes Crisis Crackdown
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Free Milagro Sala! What happened to Santiago Maldonado? What happened to ARA San Juan? Mapuche Lives Matter! Stop the political persecution in Argentina! Stop the looting of Argentina! | |
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| W A Mozart | May 22 2018, 10:48 AM Post #15 |
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Excellent! As long as I don't have to read Telesur, or anything like that. .... Here's the key paragraph in the Bloomberg article:
I don't know enough about the structure of the current Argentinian government to point a finger at exactly, precisely, who is responsible for the "widening budget gap?" Macri? The leftists in Parliament? Systemic budget deficits brought on by horrendously UNDERFUNDED pension funds? That's the key to what's taking place in Argentina. Who's responsible for the debt? Who? Mozart Edited by W A Mozart, May 22 2018, 10:49 AM.
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| Che On The Rocks | May 23 2018, 06:34 AM Post #16 |
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Herr Professor Mozart: who is responsible for the overall economic situation? The Macri Government. 53.4% of the Argentines says so. -------------------- Echoing 2001 crisis, Argentina's Macri appoints "superminister"
![]() Macri's new “superminister” Nicolás Dujovne: In search of market confidence. Read here, too. Subte Workers Cease Service After Police Clash With Union Members, Detaining Seven
![]() Photo: Télam Officials Warn They Will Dock Pay As Argentine Teachers Strike
![]() Teachers strike at Plaza de Mayo by the Casa Rosada Presidential Palace in Buenos Aires, Argentina, March 2017. | Photo: Reuters |
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Free Milagro Sala! What happened to Santiago Maldonado? What happened to ARA San Juan? Mapuche Lives Matter! Stop the political persecution in Argentina! Stop the looting of Argentina! | |
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| W A Mozart | May 23 2018, 09:48 AM Post #17 |
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Professor Mozart stares at student from chalkboard in disbelief, walks over to his desk and pulls a wooden ruler out of said desk and begins whacking the recalcitrant student on the hands with wild swings from his ruler. Ouch...! Democratic Underground? C'mon, we need a legitimate source here to discuss Argentinian financial economics. There can be no comments until all of us understand what is really going-on in Argentina. Who caused the deficits? Who and why? Opinion polls don't matter! After all, Hillary was the favorite in most opinion polls in 2016.... Finally, if you post Telesur one more time the security officers from Perspectives will come over to your house within 5 days, break-in, walk on over to your refrigerator, grab the rancid milk, and then pour it onto your carpet. That's the rule. If you continue even after that, you won't believe what happens next, ...... Mozart Edited by W A Mozart, May 23 2018, 09:50 AM.
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| Che On The Rocks | May 24 2018, 05:20 AM Post #18 |
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Herr Professor Mozart: sorry, but i can't do that. The Western MSM (English language) has serious limitations for describing the Argentina's situation. So, i have to use the tools at hand. Or: just skip the sources that you don't like. ------------- Buenos Aires Subway Workers Strike Against Repression
![]() UPDATE: The sixteen workers were released from jail late Tuesday. On Wednesday, May 23, subway workers continued the protest, opening the gates of all subway lines from 10 to 12 pm. Argentine central bank moves to spread out Lebac debt payments ^^^With the Lebac, the Macri Regime shot at its own foot! Argentines brace for crisis as nation again seeks IMF help
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Free Milagro Sala! What happened to Santiago Maldonado? What happened to ARA San Juan? Mapuche Lives Matter! Stop the political persecution in Argentina! Stop the looting of Argentina! | |
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| Che On The Rocks | May 24 2018, 05:35 AM Post #19 |
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The Macri Regime's threats against the teachers didn't work: Buenos Aires Protests: Education and Commonwealth, Yes, IMF, No
![]() Teachers stage a two-day national strike demanding a wage increase in Buenos Aires, Argentina, March 2017. | Photo: Reuters Read here, too. Argentina: Teachers go on strike over education cuts and IMF bailout https://youtu.be/BTG9mqMrO-s Extra pictures: ![]() ![]() ![]() ![]() ![]() ![]() ![]()
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Free Milagro Sala! What happened to Santiago Maldonado? What happened to ARA San Juan? Mapuche Lives Matter! Stop the political persecution in Argentina! Stop the looting of Argentina! | |
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| W A Mozart | May 24 2018, 10:28 AM Post #20 |
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It is so very difficult to get good information on what is taking place in Argentina with ole Che flooding this thread with news of more strikes and movements and protests and placard-carrying, disgruntled, Argentinians. Right. Sure. Hidden message: "We want our power back so that we can throw everyone out in the government, replace them with 'our' people and then spend and spend and spend till the cows come home! Er. we've seen this act before, ..... We here at Perspectives have always strived to dig deeper, to look at the numbers not seen, and to find-out what's really going-on. First, why is Argentina in trouble? ....the debt, the debt, the debt, the debt ----> resulting in political figures in Argentina, as liberal idiots here in the states, spending more money than what is coming in as revenue. Simple. Classic. Way back in the 60's the Italians use to do this every three years. Spend, spend, spend, then devalue the Lire. It was a game. It's what liberals/socialists/commies do. It's in Chapter 23, paragraph 14 in the playbook. Spend money on our people, money we don't have, who will then vote us into power, ...forever. The debt...! How and why did Argentina acquire a 320 billion (with a 'b') debt? Let's keep in mind that when Argentina defaulted way back in 2001 it defaulted a measly, paltry, chicken-feed debt of 110 billion (with a 'b') dollars. OK, OK, ... it was the largest default in world history, but who's counting? So, right now, Argentina is carrying 320 billion in debt, as compared with the 100 billion it defaulted on way back in 2001. That, my friends, is a lot of debt and a moohlah lotta money. ..."Argentina is saddled with more than $320 billion in external debt, equivalent to 57.1 percent of GDP, much of it denominated in dollars." .. So, who caused the debt, and how did it happen? The only explanation is found with the Economist: Here is the heart of the problem in Argentina:
So, Cristina and her unwashed ilk, want to return to power, and, ....and, ....do the same again. The prosecution rests.... Mozart |
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), to get some kind of idea on what "in the name of the wide, wide world of sports" is going-on in Argentina? This was all done over morning breakfast and coffee, then later some turkey breast on German black bread (Schwarzbrot) with spicy brown mustard, ....












It is so very difficult to get good information on what is taking place in Argentina with ole Che flooding this thread with news of more strikes and movements and protests and placard-carrying, disgruntled, Argentinians. Right. Sure. Hidden message: "We want our power back so that we can throw everyone out in the government, replace them with 'our' people and then spend and spend and spend till the cows come home! Er. we've seen this act before, .....
10:26 AM Jul 11