Argentina crashes!Peso at historic low! Central banker resigns! a Cyprus moment!

[cuddaloreappu]

Argentina's Merval stock index is down about 7% Thursday after taking an 8% beating Wednesday as well.

Financial crisis deepens in worried Argentina as stocks plunge after central banker quits job


Argentinian peso
https://www.google.com/finance?q=CURRENCY%3AARS&ei=h9kuVOj-AsHKlAX-7IHIBw



There it is happening! a moment similar to Cyprus is taking shape


http://www.economist.com/news/americas/21621867-resignation-central-banks-governor-adds-gloom-thumbs-down

http://www.businessinsider.in/ARGENTINA-CRASHES/articleshow/44128100.cms

http://www.independent.com.mt/articles/2014-10-03/business-news/Financial-crisis-deepens-in-worried-Argentina-as-stocks-plunge-after-central-banker-quits-job-6736123024

https://www.youtube.com/watch?v=God__fg2kwg

[jbrnt]

Argentina defaults it's national debt. This downturn is kind of expected, triggered by fabrega's resignation. What else can they do? Default is probably the only way out.

[bitcoinbot]

Why when I click the link does it open my email client. You seem to have it as mailto:

Anyway, here is the clickable link https://www.google.com/finance?q=CURRENCY%3AARS&ei=h9kuVOj-AsHKlAX-7IHIBw

[cuddaloreappu]

Argentina defaults it's national debt. This downturn is kind of expected, triggered by fabrega's resignation. What else can they do? Default is probably the only way out.

bitcoin will save Argentina.. the world is going to watch the power of bitcoin.. to moon

[cuddaloreappu]

Why when I click the link does it open my email client. You seem to have it as mailto:

Anyway, here is the clickable link https://www.google.com/finance?q=CURRENCY%3AARS&ei=h9kuVOj-AsHKlAX-7IHIBw

thank u.. fixed that

[keithers]

I am fearful that the US is going to follow in Argentina's footsteps. Once inflation starts to pick up more rapidly, im not sure what we can do and citizens to stop it

[Meuh6879]

argentina people can buy bitcoin ... it's low now for the week-end. 

[jbrnt]

Argentinian citizens are allowed to buy US dollar since the beginning of the year. I think lots have done so. Some of them may have bought bitcoin, most would have stayed with greenback. Cheap peso should help Argentina exports. The problem is her largest trading partner Brazil is in a recession too.

[Sithara007]

Argentina defaults it's national debt.

Argentina refused to bow down to the vulture fund. That was a good move.

[Spendulus]

I am fearful that the US is going to follow in Argentina's footsteps. Once inflation starts to pick up more rapidly, im not sure what we can do and citizens to stop it

Citizens do not stop such things.  They observe them, and are impacted by them to whatever degree they have not prepared.

However, Cyprus was under the Euro, and Argentina has it's own currency.

So what will happen is the miraculous transformation of the Old, Bad Peso, into the New, Strong Peso at say 50:1 official exchange, rate, street exchange rate....

[Lethn]

And so it begins, don't say any of you weren't warned several million times.

[tibor]

Hope the bitcoin price rise because of this. Like what happen to Cyprus before.