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Looting Breaks Out In Argentina

Tyler Durden's picture


If you were wondering why the Argentinian leadership were unwilling to pay off a few 'annoying' hedge funds with a few billion dollars (and were pissed about losing one yacht), then perhaps this report from the BBC will enlighten. Argentina authorities have sent hundreds of troops to the southern city of Bariloche after a spate of looting. Critically, Bariloche is not some shanty-town, it is one of the nation's most popular ski resorts and 'relatively' affluent. The following clip sums up the dangerous situation the nation finds itself in, despite the government's assurances that this is a "false picture of social and political collapse." Looks real to us?


Click image for link to clip (not embeddable)


Via BBC:

Argentine authorities have sent hundreds of troops to the southern city of Bariloche after a spate of looting.


At least three supermarkets in the popular ski resort were targeted, causing panic among local residents and tourists.


Dozens of people, many with their faces covered, broke into the supermarkets stealing electronics, toys and clothes.


The government blamed small criminal gangs but local authorities pinned the attacks on anarchist organisations.


Governor Alberto Weretilneck called for federal troops to restore order in Rio Negro, in the country's Patagonia region.


"With this type of action, these groups have been trying to paint a false picture of social and political collapse," the provincial authorities said in a statement.


The attacks took place in San Carlos de Bariloche, an Andean resort popular with tourists from other South American countries.


Local police said other shops and depots on the outskirts of the town were also targeted by looters. All shops closed after the thefts.


President Cristina Fernandez de Kirchner has been in constant communication with the province's governor, according to her spokesman Juan Manuel Abal Medina.


He said the Bariloche attacks were linked to the sabotage of power lines earlier on Thursday in the neighbouring province of Neuquen.

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Fri, 12/21/2012 - 16:11 | 3088007 no2foreclosures
no2foreclosures's picture

I am not defending corruption in Argentina or Cristina Fernandez Kercher, but let's put that $88 million pesos into perspective for the ZH audience: at the real "blue rate" of 6.54, that is about $13.5 million usd ~ about what some of your zillionaire banksters in EEUU spend in toilet paper and pencils annually.

There are probably not a few people lurking on ZH whose net worth is a lot more than the President of Argentina.

The degree of corruption in Argentina, when compared to the financial and economic skullduggery and hegemony that the great EEUU wages around the world and inside the country, is child-play.  But that doesn't make life easy here.

Fri, 12/21/2012 - 15:30 | 3087870 samcontrol
samcontrol's picture

boooo what about me , i'm jealous... kind of :)

Fri, 12/21/2012 - 16:06 | 3088001 First There Is ...
First There Is A Mountain's picture

I am VERY interested in the northwestern to north cental part of the country. I have traveled extensively throughtout Argentina from Ushuaia to Bariloche to Jujuy and beyond. I love the climate up north and the more relaxed pace of life. I'm not too terribly worried about natioanlization but it does cross my mind from time to time. The land in particular is what interests me. I'd love to hear your recommendations as to where I should be looking for other opportunities. My wife is Brazilian but we don't really have much desire to relocate to Rio where she is from.

Fri, 12/21/2012 - 16:17 | 3088038 no2foreclosures
no2foreclosures's picture

You should also look to the El Bolson area (about 2 hours south of Bariloche) and to the south from there where there are plenty of crystal clear lakes and rivers.  Clean water is going to be extremely valuable.  The so-called "lake districts" on the Argentina side are well protected in so many ways.

Fri, 12/21/2012 - 17:16 | 3088272 machineh
machineh's picture

El Bolson is beautiful. A 'nuclear-free' village of 15,000 people or so, with lots of crafts people, and surrounded by spectacular mountains.

On the other hand, the proprietor of a B&B where we stayed in El Bolson sold her place after 20 years and moved back to Bs As. She is active in culture and the arts, and ultimately found a small town like El Bolson too confining.

You need to be already adjusted to and happy with a relatively isolated existence in a small town, to thrive in El Bolson.

Sat, 12/22/2012 - 05:33 | 3089476 samcontrol
samcontrol's picture

What kind of car are you driving to take two hours to el Bolson . :}
Just kidding... but my record is 42min.

Even better just next to el Bolson, is EL HOYO , now that is where tou want to buy land.

Fri, 12/21/2012 - 18:29 | 3088526 AurorusBorealus
AurorusBorealus's picture

I sent you a contact request. If you get in touch with me before your visit, I can give you my local number or e-mail.

Fri, 12/21/2012 - 15:28 | 3087864 samcontrol
samcontrol's picture

it will not be nationalized, but the top in prices in dollars was reached..

add at least 7 percent to get your money out of Argentina.

Fri, 12/21/2012 - 16:46 | 3088153 Tourist2008
Tourist2008's picture

I think you need to ask for your money back on your IP tracker, as you are not the only one on this thread who lives in Argentina.

It´s true that there is not much talk about Kristina, but wait a second ... do you really think any of the candidates she beat to the Presidency would have done any better? They are all from a class of corrupt political patronage where votes are paid for with cash (for the poor) and political patronage and government posts for the more ambitious.

I too live in Argentina, in fact I bought a largeish chunk of land in Northern Patagonia with abundant water. I grow food for cows, cos they don´t get less hungry when the price goes up :)

Kristina´s or whichever government follows now has the problem, I repeat, of runniing deficits with no access to debt. Sure they can keep printing for a bit, but Argentina has seen its currency blow up more than a few times so there is a limit to how long that can go on ....

Anyway, if Londres is in Catamarca, Argentina then why can´t Barcelona be in Italy?

Sat, 12/22/2012 - 05:40 | 3089478 samcontrol
samcontrol's picture

from the looks of things many of us live in
patagonia,,,,not really
argentina is it..?
sent you a request.

Fri, 12/21/2012 - 14:44 | 3087681 TNTARG
TNTARG's picture

Right but uncomplete.

I live, work and pay salaries in Argentina.

Things are going pretty well considering the West World situation.

The orwellian monopolistic media are being redimensioned (hope the word is ok) by Law (antimonopolistic laws) end the main corporative media group, which 9% of the shares belong to Ralph Boot (you must know who he is) are using all they have to destabilize the government. But Cristina is doing a lot of other very interesting things, like reversing prebendary agreements that took over in the '90s, questioning Justice as many judges are in the corporations' payroll list; the government is also promoting the indictment of dictators and their associated civilians (yesterday we had life sentences for genocide); they're working to obtain the full control of the argentinian natural resources and a lot of other very interesting things.

Today riots are being promoted by people who is - in different ways and for different reasons - part of the shit we've lived for such a long time and was applied without mercy torturing, killing, robbing, frauding.

That is hard to do and implies giant efforts. A vast majority ot us argentineans supports the government. Riots today were very well planed and organized and yet, I don't think they're gonna succeed.

Meanwhile this burglers stealing computers, plasmas and other elements (that isn't "starvation", folks) are causing a little bit of caos but I think they're are gonna loose. Hundreds are in custody already. But you know, you aren't gonna be informed about reality by mainstreams.

Fri, 12/21/2012 - 15:07 | 3087771 machineh
machineh's picture

We knew you'd show up, spouting your Peronist propaganda. Translation:

'monopolistic media' = Argentine government armtwisting the opposition press such as Clarín and La Nación, two of the only papers that aren't on the gov't payroll.

'obtain the full control of the argentinian natural resources' = thuglike expropriation of foreign shareholders of YPF.

'vast majority ot us argentineans supports the government' = 31% approval rating for Kristina Kirchner; massive opposition protests on 8 November.

The photo linked below shows the infantile politics of Kristina Kirchner, as a latin playboy clown from her foreign ministry hands out socks embroidered with the legend 'Clarín miente' ('Clarín lies') to little African kids in Angola:


Argentina is the world's only FDC (formerly developed country) for a very good reason: seven decades of Peronism (modeled on Mussolini's fascism) have systematically wrecked the economy. 

Don't you feel ashamed, TNT, that countries like Taiwan and Korea which were MUCH poorer than Argentina fifty years ago, now kick its ass economically? When is Argentina going to stop sucking its thumb, grow up, and become (as Néstor Kirchner promised) 'un pais serio'?

Fri, 12/21/2012 - 15:36 | 3087891 samcontrol
samcontrol's picture

+ 10

Fri, 12/21/2012 - 16:20 | 3088048 no2foreclosures
no2foreclosures's picture

Taiwan and S. Korea, while they are doing well economically, are trip-wires for WW3.

Fri, 12/21/2012 - 17:31 | 3088313 machineh
machineh's picture

Probably so. Maybe living on a knife edge makes Taiwan and Korea more resourceful.

By contrast, Argentina has the luxury of living in a peaceful neighborhood. But despite depending on free trade to export its beef and soybeans, Argentina extorts 50% to 100% tariffs on imported electronics. So Asian manufacturers bring in parts for last year's models to 'screwdriver assembly' plants in Ushuaia to avoid some of the high tariffs. Semi-skilled Argentines in the 'far south' assemble Korean, Taiwanese and Chinese technology which they could never make themselves.

As a result of its protectionist policies, Argentina has almost no high-tech manufacturing. The 1940s mentality of Peronism can't cope with industries that didn't exist seven decades ago. It is still obsessed with balancing the interests of labor unions and industrialists, in a world that no longer exists. 

'Industria Argentina' is a synonym for crap quality domestically, and is basically unknown outside of Mercosur. This is how Peronism sank smart, capable people into genteel poverty.

Sat, 12/22/2012 - 05:42 | 3089480 samcontrol
samcontrol's picture

somebody gets it!

Fri, 12/21/2012 - 17:54 | 3088384 TNTARG
TNTARG's picture

False false false.

I'm surprised, Tyler. I supposed ZeroHedge had better data.

Clarin and La Nación are part of a mafia and they're being exposed, nobody with real information believes them anymore. Regarding to you, machineh, Argentina has hardly had a more serious and competent government than those we have since 2003.

Supported by a vast majority of the argentinean people, it's gonna take much, much more than these rough actions to compromise it. On the contrary, the violence and desperation of those who see their power to control the country as they did in the past is almost gone extremely  exposes them and makes everybody aware about who is who.

It'a a very interesting time down here.  

Sat, 12/22/2012 - 05:50 | 3089482 samcontrol
samcontrol's picture

It's not gotta take much to get the bitch out at all.
no third term hence she is out in three years...
still nothing will ever change. One of the greatest land on earth waisted to shit... I sure love my 1/2 hp made in argentina "corta pasto" .. never ever have i seen such a piece of shit . ever...

you are all the same, you get power you become corrupt, it,s in your genes.
now i exposed you....

Sat, 12/22/2012 - 05:50 | 3089483 samcontrol
samcontrol's picture

It's not gotta take much to get the bitch out at all.
no third term hence she is out in three years...
still nothing will ever change. One of the greatest land on earth waisted to shit... I sure love my 1/2 hp made in argentina "corta pasto" .. never ever have i seen such a piece of shit . ever...

you are all the same, you get power you become corrupt, it,s in your genes.
now i exposed you....

Sat, 12/22/2012 - 05:50 | 3089484 samcontrol
samcontrol's picture

It's not gotta take much to get the bitch out at all.
no third term hence she is out in three years...
still nothing will ever change. One of the greatest land on earth waisted to shit... I sure love my 1/2 hp made in argentina "corta pasto" .. never ever have i seen such a piece of shit . ever...

you are all the same, you get power you become corrupt, it,s in your genes.
now i exposed you....

Sat, 12/22/2012 - 08:47 | 3089540 machineh
machineh's picture

Kristina's piqueteros would be more properly labeled as a mafia.

Labeling opposition newspapers as 'mafias' is a fascist technique, intended to bring all the press under government control, North Korea style.

None of Kristina's Mussolini-style syndicalism is making Argentina rich.

On the contrary, it's one of the most spectacular economic failures of the 20th century --  a country that started the century rich, and then descended into Third World squalor.

Fri, 12/21/2012 - 15:34 | 3087885 samcontrol
samcontrol's picture

you live here and got it wrong , what about the media she controls?

Fri, 12/21/2012 - 18:29 | 3088530 Snake
Snake's picture

Cristina gave vultures and friends (in Argentina and abroad) a black eye.  Should I say Cristina keeps giving the vultures et al a black eye? While in the "developed" world (some) people keep swallowing the lies of the msm (the same msm often criticized by ZH readers - when convenient) Argentines woke up, put the msm monopolies on the run for good (some legal comings and goings as with the frigate but they are def on the run, it's just a matter of time.  The new media law is a fact and an example to the world), and the country is in great shape.  Of course it has problems but the foundation is strong and getting stronger.  The radical geopolitical changes help.  All done after kicking out the IMF, getting rid of the orthodox policies that sunk the economies of Europe and the US, defending employment and redistributing wealth.  World Bank says: "Argentina has managed to improve sustainable growth, social inclusion and governance over the past few years. The country is also a key player in the region and internationally" (http://www.worldbank.org/en/country/argentina).  Thus, vultures and friends, criminals as is often the case in the extreme right, react the only way they know, with criminal violence.

The good part is, most people in Argentina are now becoming aware of all this; while the criminals, accomplices and associates, at home and abroad, some even within the peronista movement (don't believe provincial, simplistic and manichean analysis of "peronismo", a very interesting and highly complex movement) are becoming desperate.  Merry X'mas!

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