Argentina nightmare

[steelhouse]

http://www.huffingtonpost.com/2013/05/08/cristina-fernandez-de-kirchner-popularity_n_3231726.html

I just saw this article but what caught my eye was the government actually has the power to force you use Argentine Pesos.  At least they try.  So Argentines put their money in the dollar, which itself is a corrupt horrible currency.  Then that is not bad enough, they want to force the residents to give up the cash to buy pesos.  Basically this scene is worse than can be imagined in a Ayn Rand fiction novel.  Then they want you to buy bonds at 4%, while inflation is at 30%.  All this seems to be coming to the United Sates if the tea loses the house.

Anyone live there?  Despite this she was elected with a massive majority? Why?  Do you like her?

Vote the tea ticket!  Sell the schools and fire the teachers.

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[Hawker]

http://www.huffingtonpost.com/2013/05/08/cristina-fernandez-de-kirchner-popularity_n_3231726.html

I just saw this article but what caught my eye was the government actually has the power to force you use Argentine Pesos.  At least they try.  So Argentines put their money in the dollar, which itself is a corrupt horrible currency.  Then that is not bad enough, they want to force the residents to give up the cash to buy pesos.  Basically this scene is worse than can be imagined in a Ayn Rand fiction novel.  Then they want you to buy bonds at 4%, while inflation is at 30%.  All this seems to be coming to the United Sates if the tea loses the house.

Anyone live there?  Despite this she was elected with a massive majority? Why?  Do you like her?

Vote the tea ticket!  Sell the schools and fire the teachers.

Its not the first time Argentina has been to this particular rodeo.  The country defaults regularly.  The creditors huff and puff and then they seem to forget it happened and all start lending to Argentina again. 

Look back 10 years or 20 years and you will see this story.  Wait 10 years and you will see the same stories all over again.

[steelhouse]

http://www.huffingtonpost.com/2013/05/08/cristina-fernandez-de-kirchner-popularity_n_3231726.html

I just saw this article but what caught my eye was the government actually has the power to force you use Argentine Pesos.  At least they try.  So Argentines put their money in the dollar, which itself is a corrupt horrible currency.  Then that is not bad enough, they want to force the residents to give up the cash to buy pesos.  Basically this scene is worse than can be imagined in a Ayn Rand fiction novel.  Then they want you to buy bonds at 4%, while inflation is at 30%.  All this seems to be coming to the United Sates if the tea loses the house.

Anyone live there?  Despite this she was elected with a massive majority? Why?  Do you like her?

Vote the tea ticket!  Sell the schools and fire the teachers.

Its not the first time Argentina has been to this particular rodeo.  The country defaults regularly.  The creditors huff and puff and then they seem to forget it happened and all start lending to Argentina again.  

Look back 10 years or 20 years and you will see this story.  Wait 10 years and you will see the same stories all over again.

I have watch numerous videos and agree with you, mainly to learn about hyperinflation.  The population has adjusted to the high inflation.  Despite this there does seem to be something exciting in the air.  I am just surprised with so much deception how they keep getting elected.

[Hawker]

http://www.huffingtonpost.com/2013/05/08/cristina-fernandez-de-kirchner-popularity_n_3231726.html

I just saw this article but what caught my eye was the government actually has the power to force you use Argentine Pesos.  At least they try.  So Argentines put their money in the dollar, which itself is a corrupt horrible currency.  Then that is not bad enough, they want to force the residents to give up the cash to buy pesos.  Basically this scene is worse than can be imagined in a Ayn Rand fiction novel.  Then they want you to buy bonds at 4%, while inflation is at 30%.  All this seems to be coming to the United Sates if the tea loses the house.

Anyone live there?  Despite this she was elected with a massive majority? Why?  Do you like her?

Vote the tea ticket!  Sell the schools and fire the teachers.

Its not the first time Argentina has been to this particular rodeo.  The country defaults regularly.  The creditors huff and puff and then they seem to forget it happened and all start lending to Argentina again.  

Look back 10 years or 20 years and you will see this story.  Wait 10 years and you will see the same stories all over again.

I have watch numerous videos and agree with you, mainly to learn about hyperinflation.  The population has adjusted to the high inflation.  Despite this there does seem to be something exciting in the air.  I am just surprised with so much deception how they keep getting elected.

Well the word to focus on is "elected." Argentinians have chosen this way of doing things. 

[hashman]

 All this seems to be coming to the United Sates if the tea loses the house.

Vote the tea ticket!  Sell the schools and fire the teachers.

Lol, like what happens in the house will change any of that.  My sarcasm detector is ringing  

Yeah, for most small towns whose school is their largest asset, that's a great idea,  exchange your only real asset for worthless paper. 

Personally, I will pay my teachers extra. 

[steelhouse]

Well the word to focus on is "elected." Argentinians have chosen this way of doing things.  

The majority did.  This is why democracy is a poor form of government. People need rights in a republic.  Hitler was mostly elected into office.

[steelhouse]

Lol, like what happens in the house will change any of that.  My sarcasm detector is ringing  
Yeah, for most small towns whose school is their largest asset, that's a great idea,  exchange your only real asset for worthless paper. 
Personally, I will pay my teachers extra. 

The house has probably already saved over $2 trillion in additional spending. Selling the schools will allow them to pay off all their debt.  Implement mandatory home schooling, or force parents to pay for their kids education.  If you want to pay your teachers more you are welcome to donate to the schools or city.

http://www.treasurydirect.gov/govt/reports/pd/gift/gift.htm

[Hawker]

Lol, like what happens in the house will change any of that.  My sarcasm detector is ringing  
Yeah, for most small towns whose school is their largest asset, that's a great idea,  exchange your only real asset for worthless paper. 
Personally, I will pay my teachers extra. 

The house has probably already saved over $2 trillion in additional spending. Selling the schools will allow them to pay off all their debt.  Implement mandatory home schooling, or force parents to pay for their kids education.  If you want to pay your teachers more you are welcome to donate to the schools or city.

http://www.treasurydirect.gov/govt/reports/pd/gift/gift.htm

That's just a half measure.  Google "Boko haram" and go for it - school shooters all over the US and Nigeria can't be wrong can they?

[TilyBurgos]

This is not completly true.
 I live in Argentina and i can buy dollars and i send dollars to outside. You can´t buy dollars with black money, but nowhere in the world can do that.
A lot of people here go to US to Europe, and they can´t buy things there with Pesos, Guess wich coin they use?
The inflations is 20 % and the salary income is up 25% How many countrys can say that?
Men, stop read crap media.
Cheers

[theonewhowaskazu]

This is not completly true.
 I live in Argentina and i can buy dollars and i send dollars to outside. You can´t buy dollars with black money, but nowhere in the world can do that.
A lot of people here go to US to Europe, and they can´t buy things there with Pesos, Guess wich coin they use?
The inflations is 20 % and the salary income is up 25% How many countrys can say that?
Men, stop read crap media.
Cheers

If your inflation is really 20% but your income hikes 25%, then you could make an absurd amount if you converted your paycheck to Bitcoin. 20% extra, infact. At the very least, 1% extra, even if you need the same amount of inflation-adjusted pesos as last year.

[TilyBurgos]

This is not completly true.
 I live in Argentina and i can buy dollars and i send dollars to outside. You can´t buy dollars with black money, but nowhere in the world can do that.
A lot of people here go to US to Europe, and they can´t buy things there with Pesos, Guess wich coin they use?
The inflations is 20 % and the salary income is up 25% How many countrys can say that?
Men, stop read crap media.
Cheers

If your inflation is really 20% but your income hikes 25%, then you could make an absurd amount if you converted your paycheck to Bitcoin. 20% extra, infact. At the very least, 1% extra, even if you need the same amount of inflation-adjusted pesos as last year.

Argentina has the Bitcoin fever

[theonewhowaskazu]

This is not completly true.
 I live in Argentina and i can buy dollars and i send dollars to outside. You can´t buy dollars with black money, but nowhere in the world can do that.
A lot of people here go to US to Europe, and they can´t buy things there with Pesos, Guess wich coin they use?
The inflations is 20 % and the salary income is up 25% How many countrys can say that?
Men, stop read crap media.
Cheers

If your inflation is really 20% but your income hikes 25%, then you could make an absurd amount if you converted your paycheck to Bitcoin. 20% extra, infact. At the very least, 1% extra, even if you need the same amount of inflation-adjusted pesos as last year.

Argentina has the Bitcoin fever

Naturally. Anyone in a nation with growing wealth, but also with intense inflation, will benefit hugely from Bitcoin.

[StarfishPrime]

http://www.huffingtonpost.com/2013/05/08/cristina-fernandez-de-kirchner-popularity_n_3231726.html
...
 Sell the schools and fire the teachers.

I think the US has already tried a similar approach: This is the first generation that will be less educated than their parents.

How's that working out?

... at the same time China has 10's of millions of engineers graduating over the coming decade. This may not end well.

[steelhouse]

http://www.huffingtonpost.com/2013/05/08/cristina-fernandez-de-kirchner-popularity_n_3231726.html
...
 Sell the schools and fire the teachers.

I think the US has already tried a similar approach: This is the first generation that will be less educated than their parents.

How's that working out?

... at the same time China has 10's of millions of engineers graduating over the coming decade. This may not end well.

The U.S. has basically a free education system if you go to a public school.  The reality is education standards are worse than 10 50 or even 100 years ago. Most can't find Australia or England on a map or know basic algebra. The engineers and workers in the U.S pay all the taxes.  We have a massive welfare system where a women with 15 kids actually expects to have everything paid for her.  The majority expects massive amounts of free stuff. In China you are allowed to have one kid or face fines. 

I don't know how we can be less educated when virtually everyone qualifies for student loans.  The problem is education does not necessarily lead to wealth or remove you from poverty.  In many ways it is worse because a person with a B.S. expects to be paid such and such so they end up in government with fat salaries.  Many in government also seek degrees to get a bump in pay, even though they don't even need the degree.

Robert Reich is treated like a hero of the poor, yet in my humble opinion he is a financial terrorist to the workers and poor.  His false solutions will only lead to the poverty it has already caused.  Obama reminds me of Kirchner.  Both are kind of cool cats which the welfare state just loves.

[GOB]

This is not completly true.
 I live in Argentina and i can buy dollars and i send dollars to outside. You can´t buy dollars with black money, but nowhere in the world can do that.
A lot of people here go to US to Europe, and they can´t buy things there with Pesos, Guess wich coin they use?
The inflations is 20 % and the salary income is up 25% How many countrys can say that?
Men, stop read crap media.
Cheers

This isn't true. You can ask for permission (yeah, permission) to buy dollars, but everybody except political friends of the administration are denied (in fact, they removed the option of saying your purchasing them to save on the online form). It's true, if you travel you can be authorized to buy dollars in an amount equal to a stipend of $70 per day of your trip (i.e. if you go to the US for 10 days, you are authorized to buy US$700, no more). Try traveling to the US or europe on $70 per day. Ha! How do people do it? Brings us to the next point...

While overseas you can use your credit card (plus a 20% surcharge that goes against your taxes next year--not adjusted for inflation; also if you try to claim the credit, don't be surprised if you get audited in retaliation), but we'll see if this lasts past these elections next week. At the very least a hard yearly cap like in Venezuela is coming.

That 20%/25% inflation/salary figure is incorrect. It might have been true at some point, but inflation right now is easily over 25%, and that's all day everyday. Salary adjustments are once or twice per year.

[TilyBurgos]

Ok

This is not completly true.
 I live in Argentina and i can buy dollars and i send dollars to outside. You can´t buy dollars with black money, but nowhere in the world can do that.
A lot of people here go to US to Europe, and they can´t buy things there with Pesos, Guess wich coin they use?
The inflations is 20 % and the salary income is up 25% How many countrys can say that?
Men, stop read crap media.
Cheers

This isn't true. You can ask for permission (yeah, permission) to buy dollars, but everybody except political friends of the administration are denied (in fact, they removed the option of saying your purchasing them to save on the online form). It's true, if you travel you can be authorized to buy dollars in an amount equal to a stipend of $70 per day of your trip (i.e. if you go to the US for 10 days, you are authorized to buy US$700, no more). Try traveling to the US or europe on $70 per day. Ha! How do people do it? Brings us to the next point...

While overseas you can use your credit card (plus a 20% surcharge that goes against your taxes next year--not adjusted for inflation; also if you try to claim the credit, don't be surprised if you get audited in retaliation), but we'll see if this lasts past these elections next week. At the very least a hard yearly cap like in Venezuela is coming.

That 20%/25% inflation/salary figure is incorrect. It might have been true at some point, but inflation right now is easily over 25%, and that's all day everyday. Salary adjustments are once or twice per year.

Dude, i understand what you say but my poor english cant respond you.

[tabnloz]

http://www.huffingtonpost.com/2013/05/08/cristina-fernandez-de-kirchner-popularity_n_3231726.html
...
 Sell the schools and fire the teachers.

I think the US has already tried a similar approach: This is the first generation that will be less educated than their parents.

How's that working out?

... at the same time China has 10's of millions of engineers graduating over the coming decade. This may not end well.

The U.S. has basically a free education system if you go to a public school.  The reality is education standards are worse than 10 50 or even 100 years ago. Most can't find Australia or England on a map or know basic algebra. The engineers and workers in the U.S pay all the taxes.  We have a massive welfare system where a women with 15 kids actually expects to have everything paid for her.  The majority expects massive amounts of free stuff. In China you are allowed to have one kid or face fines. 

I don't know how we can be less educated when virtually everyone qualifies for student loans.  The problem is education does not necessarily lead to wealth or remove you from poverty.  In many ways it is worse because a person with a B.S. expects to be paid such and such so they end up in government with fat salaries.  Many in government also seek degrees to get a bump in pay, even though they don't even need the degree.

Robert Reich is treated like a hero of the poor, yet in my humble opinion he is a financial terrorist to the workers and poor.  His false solutions will only lead to the poverty it has already caused.  Obama reminds me of Kirchner.  Both are kind of cool cats which the welfare state just loves.

i really don't get the Tea Party. And you'll have to forgive me cause im not an american. i mean, they have some legitimate claims: their middle class wealth has been stripped from them and they have bore the brunt of the GFC. But, instead of blaming the obnoxious financial institutions which caused the crisis, they blame the welfare class.

And sure there are many people who rort welfare. there are many systems that could be improved. and there are governments who are not financially prudent and spend like buggery. But out and out the largest group of cheats and fraudsters come from the financial and banking and government industry.

Ive never understood why the tea Partiers blame the minorities for the sub prime crisis when it was the financial class who undoubtedly caused it. and now blame welfare and spending because many lower classes dont have a home to live in, a toilet to crap but just maybe a part time job to slave at. its attacking the symptoms and not the cause.

[Soros Shorts]

i really don't get the Tea Party.

The Tea Party has changed a lot since the early days. Initially it was just about fiscal responsibility. Now it stands for a whole bunch of right wing crap and has lost much of its original focus. I am embarrassed to admit to having supported it back then.

[Gabi]

Most can't find Australia or England on a map or know basic algebra.

The engineers and workers in the U.S pay all the taxes.  We have a massive welfare system where a women with 15 kids actually expects to have everything paid for her.

Imagine removing the public schools, everyone even more ignorant than now. Surely it would be a great thing for USA. Well, for Europe it will be, more work for us, the day when the average american will be unable to do even the simplest thing 

[Anon136]

http://www.huffingtonpost.com/2013/05/08/cristina-fernandez-de-kirchner-popularity_n_3231726.html

I just saw this article but what caught my eye was the government actually has the power to force you use Argentine Pesos.  At least they try.  So Argentines put their money in the dollar, which itself is a corrupt horrible currency.  Then that is not bad enough, they want to force the residents to give up the cash to buy pesos.  Basically this scene is worse than can be imagined in a Ayn Rand fiction novel.  Then they want you to buy bonds at 4%, while inflation is at 30%.  All this seems to be coming to the United Sates if the tea loses the house.

Anyone live there?  Despite this she was elected with a massive majority? Why?  Do you like her?

Vote the tea ticket!  Sell the schools and fire the teachers.

Its not the first time Argentina has been to this particular rodeo.  The country defaults regularly.  The creditors huff and puff and then they seem to forget it happened and all start lending to Argentina again.  

Look back 10 years or 20 years and you will see this story.  Wait 10 years and you will see the same stories all over again.

I have watch numerous videos and agree with you, mainly to learn about hyperinflation.  The population has adjusted to the high inflation.  Despite this there does seem to be something exciting in the air.  I am just surprised with so much deception how they keep getting elected.

how does any politician ever get re-elected? http://en.wikipedia.org/wiki/Stockholm_syndrome