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Thursday Humor: "What Is Inflation In Argentina?"
It seems like such a simple question... but the reaction of Argentina's Economy minister to this straightforward inquiry has to been to be believed in this brief clip. And do not raise the question of the IMF's doubts about the Argentinian 'official' statistics... just remember, it's for your own good.
A working understanding of Spanish is helpful, but certainly not required.
(h/t @alpepinnazzo)
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"Messi Said".... LOL
CHE BOLUDO!
http://www.youtube.com/watch?v=butZyxI-PRs
were is garret morris when you need him....
ha ha the assistant says we don't even tak to the Argentine press about inflation, it's not discussed......
10.2% HA HA HA
He did mention that he might be wrong about the "decimal place", meaning inflation could really be 102%.
It's not spanish he is speaking, it is LUNFARDO.
sabes mucho vos, che dejate de joder
A MESSAGE FROM OUR DEAR LEADERS
--------------------------------------------------------------
I'm willing to beam her up and set her straight on basic economics of Supply, Demand and Price points! ;-)
All I heard was 'yo quiero Taco Bell'.
LOL. You do realize that "taco" shell is a metaphor for something else -- of similar shape?
"Yo quiero tacos con salsa picante". ;-)
you know that buying dollars in the black market is an act of terrorism there, with 8 years of prisontime
Naw thats just to scare.. In practice nothing happens, maybe a fine. You have to realise that most of the politicians buy/sell only on the black market.
They are called cuevas de plata, and they are everywhere... I go twice a week if needed.
srsly argentinian politics are actually a real life comedy show that will be aired in 100 yrs.
Not needed. She obviously qualifies for the Krugman Committee Nobel in Economics, to be accepted at the same time Obama picks up his second Peace Prize for bombing Syria.
I thought your were gonna beam her up and have her spank your monkey.
Chrissie dont get to spank my monkey til I get to "re-educate" her on the true meaning of ATM...and I aint talkin bout Banco Argentino or whatever they call it ;0)
It is difficult to lie through your teeth while speaking SPANISH. It is soo much easier in English...................
Dear friend,
You sound not familiar with The Road We've Traveled.
http://www.youtube.com/watch?v=2POembdArVo
The narrator in the background was speaking in Greek. In Spanish he said 10.2 % but he was chewing his words. The lady that came later told them the real reason that they were cut-off. Not that he has to go. He was told to say that he has to go. But.......we all know that governments don't lie so 10.2 % per day.
Apparently the girl asking the questions and the narrator were from Greek TV
Oh my god. I had never seen "The road we've travelled"
I thought it was a spoof.
And then I didn't know what to think, anyone read the comments?
I'm gobsmacked. It is for real, people actually think this shit?
Some of you Zh'ers still live there?
How do you not go insane being around people who think BO is anything but a slimy piece of
Aw forget it, just thinking about him is making me retch.
For your own sake, get out while you can.
Really, Mexico, Pan., CR, even Nicaragua is nice, fuck the money, relatives, job, house, kids or wife even.
You will go insane staying there, never mind all the rest of the BS.
Watching this video made the sheeple concept really hit home.
Don't think. Just feel.
The girls in Buenos Aires are in general very hot. The Argentine guys are handsome too and the rich guys very confident,, so it puts it into perspective for all wannabe pickup artists. I would hang out in Palermo if you want to meet trendy chics. Recoleta is like Manhattan and you might pick up some older rich dolls. In the center ita anyones guess, you can meet local chicks but be aware of monetary expectations. Central clubs can be awesome, going on all night. Lots of amazing local girls in general in clubs.
Even funnier is the next video, "best husband ever keeps watch as wife poops in shenzen elevator". Where's ananonymous when I need him? Somebody needs to pick up the pile left behind by her behind...
Mainlanders. That pretty much sums it up.
Chinese shitizenism in action once again!
I wonder, could the "best husband in the world" be AnAnonymous?
Make me laugh.
Makes sense because the two stories are quite analogous:
-- The elevator is Argentina
-- The woman shitting in the elevator is Kirchner
-- Obama is the guy making sure the door is closed so no one sees
-- The reporter is the person outside the elevator wondering why the door won't open
Inflation to collapse Argentina's economy and eviscerate Argentina's infrastructure has been utilized for
30 years. A war is being waged upon Argentina, without explosive weapons, only implosive.
THIS IS ALL TO SECURE ARGENTINA'S OIL OIL OIL.
Africa is treated likewise, less covertly.
Amazing they would do that to themselves, isn't it?
Argentina's central bank is cranking the M3 money supply at 34.4% annually ... with newly printed pesos.
http://www.bcra.gov.ar/pdfs/polmon/bol0313.pdf
They need to print faster to catch up with Ben Shalom.
Amazing you would choose to see results only.
"Cause and effect my love" - The Matrix
Mira! Una esquirrelo!!...
I am not sure why more enterprising reporters don't LEAVE THE CAMERA ON like this woman. All we need is the audio.
Nice going, reporter. Now let's do the same for the cops in the USA world.
The head of their Central Bank obviously does not have a PhD from MIT.
Nor has ever been a Managing Director (or above) at Goldman Sachs.
Too bad for them.
Is this a joke? I am not a polyglot. She's in English, the subtitle is Portuguese, he's in Spanish, and some Polish lady is overdubbing.
EDIT: OH snap, from 1:30 onwards, well there it is.
You lost me after English - even though I speak French and German.
If you can speak English, then you can speak Dutch too because it's pretty much the same... just add an odd concenant or vowel somewhere, or change an "s" to a "z"
I'll stick to Goldmember imitations.
Just don't tell a Dutch person that German is similar to Dutch.
Wow, I got an ear full from that.....
German is bastardized Dutch.
Yeah? Well I know how to read German train schedules. I read a Dutch one once and got on the wrong train. Had to go back. Luckily conductor spoke English and got me straighted out.
point of information.
what we now call Dutch is Amsterdam Dutch (there were around 10 dialects until they plumped for one) and the similarity to English arises due to Hansa League trade with England infecting the Amsterdam dialect....
That's Greek, not Polish.
"No es posible obtener una respuesta a pregunta esto sin un montón de mierda."
That's what she wanted to say at the end.
She's Greek (no you're right it's Portugese), speaking English to the camera and then speaks Spanish.
All you need to know is that the "economist" walked out of the interview when asked about inflation. He probably went to polish his PhD.
I understood, I speak Spanish, it's just a brain crosser. My God, people disappear in Argentina, sister. When the handler comes over and asks her wtf does she think she is doing, she says "people are asking, people are talking about it, I'm trying to do a good job."
Nobody expects the Spanish Inquisition!
When inflation descends in Buenos Aires, and people like her start disappearing for such insolence, will the kind non-gold-wearing Pope condemn tyrannical injustices then, or will it be fascismo business as usual?
As Monty Burns would say "Exxxxxxcellent" Her face sure did turn white when confronted. Pretty ballsy on her part.Wait, look, a squirrel. Move along.
Fine - I'll admit it. I don't speak that language.
I can tell a liar when I see one - but the nuance is lost on me here.
HELP
The official walked out on the interview, then his assistant told the interviewer that she shouldn't have been asking such questions, and the interviewer responded that inflation is the most basic subject of economics and that there is simply no way she couldn't have asked the question and done a good job.
That is my impression, at least. I have some background in Spanish, but I couldn't keep up with the pace at which they were speaking.
All you need to know is, she asked "What is the current rate of inflation in Argentina" and the guys response was not "The current rate of inflation is..."
His answer was more like 'Its complicated. There are different methodologies, there are CPI and non-CPI goods. There are revisions to prior periods we are working on. People want to know how much the price of electricity and bread has gone up, it doesn't work like that. Like I said its complicated. Whats that, an important meeting just came up? I have to get going. Immediately... *walks off briskly*'
In fact, he was more 'It's complicated. Argentinian people and medias don't understand the subject (aggregated, non-aggregated, methodologies etc.). His point is that because he wanted to leave, the subject was too compelx to be talked about.
10.2 YoY. Official figure. Go figure the shadow stats. And go figure why gold exchange are restricted.
The guy looked like he hadn't showered in a few days, and the stress of having to lie all the time was giving him skin problems.
It's good to know that the people who lie to us sure do it much more professionally, and seem to be much better adapted to it. WE'RE NUMBER ONE!!!
Okay, we're number one at slick lying. But Argentina is headed into their 8th sovereign default. We've got some catching up to do.
Your Espanol is good Tmosley. You nailed it.
Shit got real after she asked about inflation. I thought they were going to lead her away after she started defending herself verbally at the end.
Either ethere were some thick accents there, or I don't speak any of those languages.
They are doomed.
They have been doomed since almost forever, but they're really scraping the bottom of the barrel for mouthpieces now.
Argentina used to be a nice place. First half of 20th century it was something like the 6th largest economy in the world.
Yup. Pre-War WW2? They have endless resources and endless corruption.
You know it is bad whenever they start playing the 'Malvinas - Falkland' card...
I don't speak Spanish, so I'm just going to assume inflation in Argentina is a really really really big number.
No need to assume ... this site has a subscription to PriceStats which indicates a current annual inflation rate of 20.7% ... vs. a claimed official rate from Indec (Argentina's national statistical agency) of about 10%.
http://www.inflacionverdadera.com/
Is that with food, fuel, and everything else removed?
PriceStats is the commercial version of MIT's Billion Prices Project.
Its spiders scan every retail price that can be found on the internet.
So you could say that it's with all non-internet-sold goods removed. But it's still pretty accurate all the same.
What that 20.7% inflation rate doesn't account for is the precipitous drop in the quality of goods available for sale in Argentina. Import restrictions, capital controls, and outright protectionism have conspired to turn quality to complete shit. And quality of services like electricity have degraded badly, with brownouts, blackouts, and low-voltage events very common. This is all according to Ferfal.
Yes, it's quite correct.
You can't buy good quality sheets or towels there (protected textile market). The thread count is like burlap.
Plastic ice trays crack after you put them in the freezer. Same with glass cookware -- they don't have the modern chemical recipes.
Electrical appliances (microwaves. etc) are assembled in Tierra del Fuego, and are prone to infant mortality.
The real tell is when you use a credit card, and the clerk makes an impression by physically rubbing it with carbon paper.
This happened at the Hertz counter in Baricloche airport, but it is a common occurrence in a country so starved of capital that it can't import electronic card readers.
"Dodge and weave" has become "turn and run" ...
Remember: dodge, duck, dip, dive and... dodge. Because if you can dodge a wrench- you can dodge a ball.
Is the humor coming from the content of the video or the fact that I have no idea what I just watched?
WTF did i just watch ?????????????
THAT, but IRL.
don't eat the apple.
Does he look like a deer in the headlight to anyone else?
My favorite part is where the handler is yelling at him off-screen and he's like "no, no, it's OK, I got this. I can answer this."
NO YOU FUCKING CAN'T! INTERVIEW OVER!
One of the good things about not understanding what he says is that you can take a good look at him and ignore what is coming out of his mouth. He looks like a badly frightened man. His eyes look like that picture of a deer in the headlights that Tyler puts up once in a while. His clothes are rumpled, he needs a shave and a haircut, he doesn't look particularly clean, you can tell his hair hasn't been washed in a long time, and his color is just terrible. This is not the picture of a confident government official in an important position. He looks more like someone who is about to suck on the business end of a handgun. Things must be really desperate for him to present himself for an interview in this condition. He is very young to be holding such an important position, poor thing, so apparently no one with any sense and experience would take the job. Designated fall guy?
Nearly all of Kirchner's cabinet are 30 or 40-somethings with little relevant experience.
She likes people she can dominate, which requires that they be young, dumb and inexperienced.
They don't know! Their economy has been moved to Uruguay.
Aw, leave him alone. He has sad puppy eyes.
He probably still lives with his mother. No, seriously. That's how they roll.
Hilarious.
Why use one sentence to non-answer a simple question when five will do!
But we know inflation is very low in Argentina because they've put controls on prices, wages and anything that moves or still has a pulse.
The only other two people I know who blathered like that were Brits: Neil Kinnock and Gordon Brown.
Inflation stats in Argentina are as much connected to reality as Gold/Silver COMEX. BTW official figures are 10.8 YoY last year, I let you figure out the 'shadow stats'
Who's on first?
They should make this guy a US Senator, because he would kick ass at the filibuster.
I minister the economy, what the hell do I know? My father-in-law gave me this job....
Babbling idiot. Is that not what you would call him.
Is he paid for being a twit?
Actually, he's being paid to lie for a twat.
When asked the 2nd question he basically whines like a little baby saying, "I want to go... I want to go..." He says he's done talking about Argentina's inflation and the last answer he gave would have to be what she'd have to stick with and he doesn't want to go back to the subject of inflation. What a freaking baby. They are d00med!
What do you mean "they"?
Nicolas Cage's ugly brother.
Im not laughing.. Que Amadeus annoying laugh
http://www.youtube.com/watch?v=TSiU3V3A92g
As per Consuela the Mexican housekeeper from Family Guy "No.... no.... no.... No inflation"
This actually is an important illustration of why most "advanced" democracies are courting disaster. The lack of any serious, public, adversarial discourse with those in power is deepy insidious.
Helen Thomas is gone, and Presidents' routinely and carefully manage all public interactions. It is better under a Parlimentary system, but true dissenters are few and far between.
As simple as it sounds, if there were a weekly, nationally televised debate between those in high offices and serious critics, the country would be far, far different than it is today.
Excellent comment. The fact that government needs to hide and misinform is dangerous for demacracy. Suppose now we were to add food and other consumable items into the inflation statistic, what do you think the discussion would be?
I could "never" understand why everyone wants to wear a Guy Fawkes mask, and not a Helen Thomas mask.
"I MUST GO
My people need me"
The optics are hillarious... it's just not funny anymore...
hmm...think he needs a maths lesson....like this one.....yes U,just watch the damn clip!!!!
Have a go at seeing if you can work out the way to get to the final answer
http://www.liveleak.com/view?i=05d_1366901675
.
Anyone else notice his neanderthal brow line?
With a unibrow like that, it looks like his moustache is trying to get away from his lying mouth!
Can someone translate something semi word for word?
- How much is inflation in Argentina?
- Official Argentina stats register monthly inflation rate. That's the only possible inflation rate. The only public office with technical ability to measure inflation is the National Institute of Statistics
- But, how much is it?
- Er... I think accumulated for last 12 months is 10.2 %.
- The IMF said it would impose sanctions for flawed statistics that you're giving. What are you gonna do about that?
- I'll tell you again, eh... - to the camera - can I cut this for a minute? .... I want to leave. Yes, I want to leave. And, to be honest, speaking about inflation statistics in Argentina is complicated. I'd rather leave it at the last answer I gave you, ok?
Minister's assistant: - This issue may be hard to understand for an outsider. We don't speak about inflation, even with Argentinian media.
- But, this is the major issue in economy. In the street, everyone complains about rising inflation! I can't avoid asking this question, I wouldn't be doing my work correctly.
Thanks for the translation"
No senor - I could end up floating in the Providence River like that Brown student or become a "speedbump" like the Chechen muslim boy. Our inflation is complicated.
The Argentines can be pretty brutal.
You Yankees are fucking hypocrites.
The number one cause of the high inflation in Argentina, China, and most export-driven countries is your fucking USD which you print from oblivion.
You fucking Yankees export YOUR inflation and cause economic and financial hardships and destruction on US, and yet you have the gall to laugh and humor yourselves at our expense.
FUCKING HYPOCRITES.
We print nuclear bombs, too. Might export a few if folks get uppity.
Well, what is it? Fu*king Yankees or Fu*king Hypocrites? You can't have both... If you don't believe me, ask AnAnonymouse.
No, you are uninformed.
The first sentence of the Argentine central bank's monthly report for March states that the M3 money supply growth has 'moderated' to 34.4% (not a typo).
http://www.bcra.gov.ar/pdfs/polmon/bol0313.pdf
That is the peso money supply -- pesos that they printed.
The US does not force Argentina to print pesos.
Next time do your homework before ignorantly popping off.
+1
I hope your not trying to say usa doesnt export inflation....
and trust me, it may not be "the yankees" but there are people and forces forcing them to print.
You think any of us like The Ben Bernank or the baby Allah O?
Well there are a few Dem fu**tards here who like the islamic temeprompter.
This is sooo funny! Made my day. Particulary when the reporter, in her cute Spanish accent, tells the assistant to the minister that she has to ask that question....
hey anybody want to join me here in doug caseys utopiaville????? this place is great..........great views of the andes................fruit trees lush and filled with delicious ripe oranges, peaches.......our garden is bountiful.....the vines are bursting with grapes......the malbec is flowing.........the grass fed steaks are juicy........oh...shit...whats that??????......................holy crap!!!.........the argentian calvary is heading up our mountain drive!!!...........WTF!!!.........they are launching grenades!!!.................gotta go.....DAMN I KNEW I SHOULDNT HAVE BURIED MY GOLD NEXT TO THE SWIMMING POOL!!!!.............................................
Cavalry with grenades or predator drones with missiles.
Argentina doesn't look so bad in proper perspective.
They don't even have radar coverage in the north of Argentina. It's a 'free fly' zone for drug (and these days, currency) smugglers.
If the Salta province cavalry actually did show up, it probably would be a dozen gauchos brandishing muzzle loaders.
But Doug Casey's friendly with the caudillo governor's son, so that ain't gonna happen.
Salta's so far from Buenos Aires, it might as well be in Paraguay.
Guess which three letter agency has her South American
headquarters north of Argentina in Paraguay ? Free fly zone
indeed.
Can I get a few rounds of golf in at Doug's Argie Eldorado before I become "disappeared?"
Hey, wonder where all the Kirchneristas from that other post about "Argentine's revolting" are now. Oh, yeah, #mequieroir.
Lovely how they admitted in that video (handler talking to reporter) that they don't talk inflation even with the Argentine press. And as for Cristina Kirchner, there's no inflation problem. And she thinks she's some kind of Evita resurrected. My bet is that she's Marie Antoinette's resurrection, let em eat brioche.
LOVE IT!!!!
This clip highlights the real reason why democrats want to legalize everyone south of the border.... cradle to grave stupidity!
Argentine IQs are the same as elsewhere.
What Lorenzino exhibits is Peronism-induced stupidity.
He's sort of a South American Nancy Pelosi.
An IQ that is never used is called liberalism.
Seasonal adjusted cpi rose 0,4 during the interview.
Don't ask Don't tell....
hmm, so Argentina doesn't use the word "inflation".
The US Government can't use the words "Islamic terrorists". So what's the difference? You think the chief stooge-of-the-moment in Treasury is going to use the word "inflation" once it hits 10%+. Or "default" when the government can't pay its bills? Or "fuck with the newbs" when the meddler-in-chief grounds air flights?
The emperor has no clothes.
My Mega Box of trash bags was about empty, so I grabbed a new box at the store today. Same price I thought? Good. No inflation yet. Got home and placed it next to the box I bought a few months ago. Old box had 56 bags - new box has 50 bags.... That's a 10% inflation rate in just a few months... Where are my six bags, Ben?
Funny ......he is from Argentina but does not have a German accent.....
Amore user friendly video: http://www.youtube.com/watch?v=TjGuw53XR6Y
Huh, 80% have italian blood... German??? The german population in argentina are just another embarassing fact about the country... But there arnt many
Do you see the resemblance with this guy?
http://luiz-eleno.blogspot.sg/2010/04/pinocchio-pinoquio-2002-roberto-benigni.html
Im an Argentinian born citizen and i approve this message.
HAHAHAHAHAHAHAJAHAAAHAJAJAJAJAJA JAMAJAJAJAJAJAJAJAJAJAJAJAJAJ!!!!!'
please translate this into english and send it to warner brothers... It would be their best comedy, fucking halarious...
seriously argentina is beautiful, the women so sexy, the culture so open... But the government... I cant hate it, its to fucking halarious...you have no idea.
the dolar is at 5 pesos? Really? THEN FUCKING SELL ME DOLLARS FOR 5 pesos you cunt bitch... Why do cuevas de plata exsist if your numbers are legit????
seriously a 1 party democratic system says it all folks.
a few months back we had 3 times the official anual inflation in about a month....
week one: buy soda, 4 pesos.
week two: 6 pesos.
week three: 7.5 pesos.
week four: 9 pesos.
and its not just soda... Its everything.
Update: the dolar blue (the price at whichmyou can buy dolars in the black market called cuevas de plata) is now at.....
9.2
i left argentina 3 weeks ago for china... It was at 8 when i left... 10 PERCENT ANUAL INFLATION... hahahHahhahJhHjJjJjJajajajajajaj