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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 (1,024 Views) | |
| Che On The Rocks | Jun 8 2018, 02:42 AM Post #41 |
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It was never OUR bread to begin with, it seems: Bakers in Argentina give away 5 tons of bread in protest
![]() Argentinian bakers protest the rise in the price of flour by giving away five tons of bread, in front of the Congress in Buenos Aires, Argentina, June 6, 2018. EPA-EFE/David Fernandez Argentina: Bakers, Truck Drivers and Press Workers Against the Crisis. https://youtu.be/YHJYv-HBSsk "Let them eat cake" ![]() "It's so good to be an oligarch, ha ha ha ha!" |
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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 | Jun 8 2018, 02:57 AM Post #42 |
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IMF talks may push Argentina to more central bank independence
Putting Debt On Display
![]() Argentina says in talks with China on forex swap extension
Explainer: How Argentina's sovereign debt could threaten Macri's program
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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 | Jun 8 2018, 03:12 AM Post #43 |
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So, if a YUUUGE external debt doesn't do it, more external debt will do it: Argentina clinches $50 billion IMF financing deal, to speed up cuts
Read the same news here and here. "All those billions and billions and billions are already practically in the bank" ![]() "In the bank of Panama, ha ha ha ha!" Edited by Che On The Rocks, Jun 8 2018, 03:15 AM.
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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 | Jun 8 2018, 04:58 AM Post #44 |
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The people of Argentina will pay back that $50 billion by cutbacks in pet hamster benefits.....If they fail to pay , the IMF will utterly destroy Argentina this time............
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| Jesus can raise the dead, but he can't fix stupid | |
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| W A Mozart | Jun 9 2018, 10:24 AM Post #45 |
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A Saturday morning, coffee percolating in the other room, Trump winging his way to Singapore, the expected "blue wave" in November looking more and more like a mangy dog lifting a hind leg and peeing on a tree and the demented Nancy Pelosi is still running the Democratic Party. Can life get much better than this? ..... Argentina. So, OK, the IMF granted Argentina a 50B drawing right for emergencies. This is a GOOD thing. Argentina is getting shellacked by economic uncertainty and the 'far' left-wing mobs of Argentina smell blood in the water. To the streets! Bring placards, whistles and flags! Hoot for the camera's. Maybe he'll resign? The real reason why most Argentinians are fearful of the IMF is because, in the past, they said, ...no. IMF: ...no, you can't do that. IMF, ...no, you have to live within your means. Liberals/socialists don't like being told, ...no. It's no different here. It is why we have a 20T debt in this country. Hey, we've gotten away with it so far, why stop spending money now? The central bank of Argentina has agreed to let the Peso find its own price. Yesterday it dropped to 25.5. Where it goes from here, no one knows. When you print 30% more Peso's, year-after-year, than what can be absorbed by an economy, you get, ...inflation. Too many Peso's chasing fewer and fewer goods and services. Economics 101. Here's what the Financial Times said yesterday: https://www.ft.com/content/40372974-6b2c-11e8-8cf3-0c230fa67aec
What happens next? Dunno. But, it will be an interesting story to watch... Mozart |
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| Che On The Rocks | Jun 9 2018, 04:42 PM Post #46 |
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Mr. Robert Stout: yes, i agree. Herr Professor Mozart: the FT article is not free, so i can't read it, but "a strong show of support for the market-friendly President Mauricio Macri’s attempt to forestall a return to populism" is just the continuation of a "proud tradition". ------------------ Argentina Bailed Out With Biggest Ever Loan In IMF History
[twitter=USTreasury/status/1004885788230811649] "I get the bail out. Nicolás Maduro gets the sanctions" ![]() "It's so good to be a US-backed oligarch, ha ha ha ha!" IMF: Argentina’s targets possible but require commitment
![]() Roberto Cardarelli, mission chief for Argentina, left, and Alejandro Werner, director of the International Monetary Fund’s Western Hemisphere Department, hold a news conference at IMF headquarters in Washington, Friday June 8, 2018. (AP Photo/Luis Alonso Lugo) Read here, too. "a strong commitment"... Ha ha ha ha! I love this hypocritical euphemisms! |
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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 | Jun 10 2018, 02:31 AM Post #47 |
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Perhaps I should buy a ranch estate in Argentina rather than Venezuela....Decisions, decisions..................
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| Jesus can raise the dead, but he can't fix stupid | |
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| Che On The Rocks | Jun 13 2018, 04:04 AM Post #48 |
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Robert The Cowboy: buy it in Argentina, of course! So, when the Populists rise to the power again, you will be nationalized and you will become El Gaucho Roberto. ------------ UPDATE 3-Argentina's peso firms as central bank sells dollars, holds rate There goes the free flotation of the dollar! It lasted like, ten minutes! And now? Moyano Confirms Teamsters Strike for Thursday
![]() Hugo Moyano. Photo via La Nación Read here, too. Argentina biggest labor group calls strike, raising pressure on Macri
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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 | Jun 13 2018, 05:42 AM Post #49 |
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A general strike in Argentina means that no welfare checks will be mailed out............
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| Jesus can raise the dead, but he can't fix stupid | |
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| Che On The Rocks | Jun 14 2018, 06:34 AM Post #50 |
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Argentina to use $7.5 billion from IMF deal to finance budget
Argentina Peso Falls as Government Fails to Ease Market Concerns
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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 | Jun 14 2018, 09:12 AM Post #51 |
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Here's the key as to what is going-on in Argentina, (from yesterday's Bloomberg):
https://www.bloomberg.com/view/articles/2018-06-13/argentina-s-imf-package-could-trigger-ugly-blowback First, all the 'far' lefties of Argentina (er, including Che, .... )believe that the IMF is EVIL. They caused this, they caused that, ...way back during the first Argentinian fiasco, ...2001. The IMF = Nazi's (well, so to speak). But, the ONLY thing that the IMF does is impose discipline to a government. You can's spend on this, you can't print more money, you can't run 300% budget deficits, you can't sign labor contracts with all kinds of goodies and absurd pension clauses.So, what Bloomberg is saying above is that the loons from the "previous administration," and we all know who that is, .... , imposed all kinds of weird stuff which hamstrings the government, and noting that Macri had "to right the policy wrongs of more than a decade of mercurial rule by his predecessors while avoiding the political pain of austerity." First order of business, let the Peso FALL to whatever value the market sees in it. When you print, year-after-year, 30% more Peso's than the goods and services supporting that Peso (basic Economics 101), you get inflation. The IMF, like the Nazi's, will impose financial discipline on the government. The "lefties" of Argentina don't like discipline, ....there's your problem. .... His BIG mistake was NOT instituting drastic reforms immediately to Argentina. Now they will be forced upon them by the Nazi's, er, no, ....the IMF. Interesting stuff, ..... Mozart Edited by W A Mozart, Jun 14 2018, 09:16 AM.
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| Che On The Rocks | Jun 15 2018, 05:19 AM Post #52 |
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Herr Professor Mozart: Nazis and their Quislings were executed together, at the end of WWII. I like that Bloomberg opinion piece. That air "Macri is the Economic Jesus, but he broke Argentina because former Populism" is so... errr... postmodern, that! ------------- Argentina details IMF goals, says new measures possible
Argentina Got a $50 Billion Loan and Peso Is in Free Fall Anyway
![]() Dollar Breaks More Records and Barrels Past 28-Peso Mark
![]() A newsstand owner counts Argentine pesos bills in Buenos Aires. Ph: LEO LA VALLE/AFP/Getty Images) ARGENTINA: Annual Inflation Rises To 26.3% In May
Now Truckers in Argentina Are on Strike
![]() Photographer: Diego Giudice/Bloomberg |
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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 | Jun 15 2018, 05:37 AM Post #53 |
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Argentina Names New Central Bank Chief as Peso Plummets
![]() Luis Caputo Photographer: Andrew Harrer/Bloomberg Read here, too. Toto! Putting Luis "Toto" Caputo in charge of the Argentina's Central Bank is like putting Bernie Madoff in charge of the FED! Read Toto's rap sheet here and here. |
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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 | Jun 15 2018, 06:58 AM Post #54 |
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Starvation of the Argentine masses will cure the fiscal crisis and teach the people discipline in their expectations..........
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| Jesus can raise the dead, but he can't fix stupid | |
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| Che On The Rocks | Jun 16 2018, 05:22 AM Post #55 |
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Mr. Robert Stout: yes, that is neoliberalism 101. Be in Argentina, be in the US. ------------- Argentina peso weakens after central bank shake-up
Edited by Che On The Rocks, Jun 16 2018, 05:24 AM.
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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 | Jun 16 2018, 05:41 AM Post #56 |
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Macri needs to END, not reduce, much of Argentina's pet hamster benefit programs...Your poor country can not afford them....Argentina is not rich like the USA..............
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| Jesus can raise the dead, but he can't fix stupid | |
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| Che On The Rocks | Jun 17 2018, 05:49 AM Post #57 |
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Mr. Robert Stout: "kill the pet hamster, save the rich" is neoliberalism 000. That dogma has been deployed far longer and far more extensively and intensively in Argentina than the US. Perhaps that is one of the reasons why Argentina is not rich (in monetary terms) like the US? ---------------- Argentina to replace energy and production ministers
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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 | Jun 19 2018, 05:59 AM Post #58 |
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Merval drops 8%, pulled down by declines in energy, bank shares
![]() Outside a foreign exchange in the capital.Foto: Télam-Daniel Dabone Argentina peso firms, stocks fall after central bank action
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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 | Jun 19 2018, 09:02 AM Post #59 |
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Mr. Dujovne noted:
Let's see if I got this right. The Kirchner's borrowed from the Chavista's at, ...at, .....15 percent interest rate? Well, that explains a lot. Mozart |
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| Robert Stout | Jun 19 2018, 10:31 PM Post #60 |
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If Argentina adopts Venezuelan currency, all Argentinians will be millionaires !!!!!.............
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| Jesus can raise the dead, but he can't fix stupid | |
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, imposed all kinds of weird stuff which hamstrings the government, and noting that Macri had "to right the policy wrongs of more than a decade of mercurial rule by his predecessors while avoiding the political pain of austerity." First order of business, let the Peso FALL to whatever value the market sees in it. When you print, year-after-year, 30% more Peso's than the goods and services supporting that Peso (basic Economics 101), you get inflation. The IMF, like the Nazi's, will impose financial discipline on the government. The "lefties" of Argentina don't like discipline, ....there's your problem. ....






10:25 AM Jul 11