Humiliating Viral YouTube Interview To Cost Job Of Argentina's Economy Minister

Tyler Durden's picture

Two days ago we first posted a Youtube clip in which a Greek reporter asked Argentina's Economy Minister Hernan Lorenzino a simple question: "what is inflation in Argentina" - a sensitive topic to a country with price and capital controls, and where inflation ranges between 0 and 20% depending on whether one uses official, or unofficial but based on reality, data. The result was a why we dubbed the clip "Thursday humor" as after several minutes of meandering gibberish, Lorenzino concluded by telling his aided that "he wants to leave", which in turn promptly became a twitter hashtag meme #mequieroir, in which the minister's response to a simple request for the truth was promptly lampooned around the world. However, that may have been just the beginning of Hernan's problems. As Bloomberg reports, citing Clarin, Argentina's president CFK, was also quite taken aback by the bumbling economist that she met with him subsequent to the interview going viral, and told him he has lost credibility and the most likely next step is his resignation.

To wit:

Argentine Economy Minister Hernan Lorenzino’s appearance on Greek television in which he abruptly ended an interview and refused to speak about inflation in Argentina has spurred speculation he may quit, Clarin newspaper reported, without citing its sources.


President Fernandez met with Lorenzino to express her concern that he lost credibility among voters after he told an aide at the interview that he wanted “to go” after the reporter asked what he planned to do if the IMF sanctioned the country for not improving its inflation index, Clarin said.


Deputy Eco. Minister Kicillof would replace Lorenzino, Clarin said, without citing anyone

Kathimerini has some more information on the events that had taken place in late 2012, but were only broadcast this week, leading to the hilarious fallout.

Bothered by a Greek reporter’s repeated requests to release Argentinas true inflation rate, Economy Minister Hernan Lorenzino interrupted an interview, saying the issue is too "complex" to explore and telling an aide "I want to leave."


A video of the interview surfaced Tuesday and quickly became the talk of Argentine social networks. On Twitter, the hashtag #mequieroir (#iwanttoleave) was constantly retweeted, and the video of the visibly uncomfortable minister played repeatedly on Argentine television news stations that aren’t aligned with the government. Someone even put his voice to a cumbia beat, mashed it up with the Peronist March and posted the music video on YouTube.


Lorenzino didn’t respond to the display of dark Argentine humor at his expense. His press office told AP that the ministry had no reaction, and his Twitter account was quiet.


Lorenzino granted the interview in his ministry headquarters to Eleni Varvitsiotis late last year, but the Greek channel Skai TV didn’t broadcast it until Tuesday, as part of a documentary comparing Argentinas 2001 economic crisis to the situation in Greece.


Private economic analysts have said Argentinas consumer prices rose about 26 percent in 2012, more than twice the 10.8 percent published by the government’s inflation index, whose accuracy has been publicly rejected by the International Monetary Foundation.


"I have a very simple question for you, which seems very complicated these days: How much is Argentine inflation at this moment?" she asked.


"Official statistics show month after month the inflation and this is the only inflation possible," the minister responded in Spanish.


"But, how much is it?" she insisted.


Increasingly uncomfortable, Lorenzino said "I think the cumulative inflation over the last 12 months is 10.2 percent; I might be off by a decimal."


The journalist then noted that the IMF has warned that it will impose sanctions against Argentina for putting out false statistics. "What will you do about that?" "I don’t know, I don’t know. Can we turn off the camera a moment? I want to leave," Lorenzino said.


The rest of the encounter was captured on audio. Lorenzino can be heard telling the reporter, "Talking about inflation statistics in Argentina is complex. ... Id rather leave it with the last thing I said and not go on about it."


Lorenzino then leaves, and an aide can be heard telling the reporter: "We never speak about inflation, not even with the Argentine media."


But "price increases are the main topic of the economy now," she protests. "Everyone in the street is saying theres high inflation. It’s not possible that I not ask about it. If not, Im not doing my job."

And for those who missed it, here is the video again:

Ahhh - economics. The biggest, most profound, and most deadly joke of a non-science imaginable.

One can only hope more and more charlatans are unmasked, just like Hernan, and proceed to take their rightful place: at the unemployment office line, which is now the longest it has ever been in the modern era across all developed nations, precisely due the flawed and failed "policies" of such "academics" as Hernan. Of course that would (eventually) result in an economist finally doing an honest day's work for once, which as all know, is next to impossible.

What we don't understand is why an openly embarrassing interview in Argentina will lead to the termination of their economics minister, yet in the US Paul Krugman grants numerous interviews daily, and has countless blog posts, all of which transcend the merely laughable and tweet mime-inducing, and cross into the grossly surreal, and yet his "reputation" is still intact. Alas, some things that make sense even in Argentina appear far too complicated to be grasped in the US of A.

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Stackers's picture

I wonder when "How to Lie on TV - 101" will become a part of the cirriculum for a degree in Economics and Poli-Sci ?

malikai's picture

Gee, I wonder what kinda chap she'll replace him with.

I'll bet the next guy will be even more useful.

CheapBastard's picture

"Carumba ! Se me olvido los Cliff notes."

Freddie's picture

I watched that video when Tyler posted it and it was very sad.  Here is probably a decent man who has to lie and be dishonest to keep his job.  During the interview, I could see he had a conscience.  There was some integrity and decency there.  He was very upset.  I thought - he would not last 2 minutes in O's admin of gangsters and assasins of countries.

What made me viscerally sick was that Americans, especially those on the left, can lie with no conscience.  The media and TV (F TV!) do it every minute with evil intent.  People like Krugman, Matthews, anyone in O's Administration.  They just lie with no conscience as they are evil. There is no consequences for their evil.

I stopped watching TV years ago but I liked blue dog N FL Democrat Pat Caddell.  He seemed like he really wanted what was best for Americans versus pushing the pary line. 

Hacked Economy's picture

This is a bit off-topic, but I was working in my yard this morning (Sat) and felt the need to post my thoughts:

Last week, when the initial rumors began about the Boston PD going around in SWAT-style teams through their residential neighborhoods, kicking in doors and pulling people out of their homes at gunpoint as they searched for the 19-year-old remaining terrorist...I requested links from those people so I could see for myself.

Well, I was provided a couple of links and viewed the videos.  Then I saw more videos (i.e., YouTube) posted soon afterward by private individuals who filmed through their own living room windows as the BPD "rescued" their neighbors by ordering them out of their homes with their hands clasped on their heads, and then FRISKING them (including elderly women and kids) as if that had anything at all to do with finding the terrorist.  Finally, a local Boston news team posted their segment in which they interviewed several of the families who were removed and frisked at gunpoint.  All of them(!) said they were scared, but they were okay because the police later verbally apologized for the inconvenience as they gave the "all clear" to go back into their home one by one.  Those stupid Boston sheeple said they were okay with the procedure, given the fact that a criminal was believed to be in their neighborhood.

I was appalled upon learning the truth, as all of you were.  But here's my point:

Yesterday, in just so happened that the Boston bombing came up in several conversations with some of my co-workers as well as some friends with whom we went out to dinner last night.  Each time someone brought it up, I mentioned the video evidence of the BPD blatantly trampling their neighbors' 4th Amendment rights for the whole world to see (and without an uproar from those people), and EVERY ONE OF MY FRIENDS - even the pro-2nd Amendment conservative ones - said they understood the BPD's position, and they wouldn't have a problem with SWAT going through their own homes in a "rare" situation of looking for a terrorist.  After all, they said, would you rather argue with a team of professionals aiming guns at you, while the terrorist gets away?

I felt sick by the end of the evening.  Maybe TPTB don't need to assault our Constitutional rights.  We seem to be giving them up on our own.  "Those that surrender liberty to obtain a little security, deserve neither".

DeadFred's picture

I'm sure the police needed to frisk all those old ladies because they so closely resembled to discription of the suspect "caucasian teenage male" /s. More than any single thing this search makes me think it was a dry run for a trust-no-one supression of the civilian population. The cops got to practice and so did the civilations. Now the films can be reviewed by the coaches just like any other pre-season game. How long until playoff season?

MeelionDollerBogus's picture

This is how Murrikins freak out when they find out for the first time ever that there’s such a thing as “white muslims” and it's normal (in Chechnya) and have no idea what to do because their only way of thinking is to “get the darkies”. This burnt their brains out so they can't compute - therefore the only 2 modes of Murrikanbots is to submit to the police-state or to kill anything that moves. Some did one, some did the other.

Vlad Tepid's picture

As a serious student of history, I watched those videos myself...and arrived at the same conclusion.  The US is now a police state.  I wish...I SOOOOO wish that that was hyperbole, but it isn't.  It is a noun defined.  There was a story up a few days ago (Abnormalcy Bias?) which was BRILLIANT at pointing out what I (dare) point out only to close relatives:  Transport yourself back 15 years ago and ask your former self if any of the things that now DEFINE the US from Boston SWAT to unemployment to after Thanksgiving Ritual Storefront Tramplings are not the indicator of a sick society.  The fact that most people become agitated and alarmed when you post that very thought experiment is prima facie evidence that it is an accurate observation of (ab)normalcy bias.

As a kid I always wondered "why didn't the vast majority of Germans who weren't Nazis not move away or resist?"  Now the longer I live, the more clear that answer becomes to me.

dark pools of soros's picture

Can people stop comparing the USA police state with the Nazis? It is way more like the Bolsheviks - in fact it stems from it

MeelionDollerBogus's picture

Comparison to Nazis is accurate and ignored so no, it should be repeated often.

MeelionDollerBogus's picture

+100 for you too. This is history repeating itself. The fall of the American empire will be the fall of the 4th Reich

MeelionDollerBogus's picture

+100 for you sir if only the scriptlet would permit it. Arguing the loss of the 2nd is pointless if allowing the loss of the others goes without a fight. Baa-baaa black sheep.

El Oregonian's picture

Hey Freddie, let me let you in on a little secret, shhh [whisper] both of these cocksucking Parties, the Democrats and Republicans, are both Siamese twins attached at the wallet. Their sole purpose is to provide cover for each other while they rape, pillage, and plunder the citizens enslaving them by approving unconstitutional laws all the while providing cover for each other... [wake up] their pretty much the same except maybe by a degree or two...

Both Parties need to be shit-canned. Period...

RideTheWalrus's picture

When you mix red and blue you get purple - the color of royality since the Roman Empire.
When people vote, they are voting on what shade of purple they will be living under.


MeelionDollerBogus's picture

That’s cute. You still believe in left-right paradigms. So silly. Please, tell me now about Santa.

TuesdayBen's picture

Taught by Adjunct Assistant Junior Professor BH Obama

ATM's picture

Taught by Adjunct Assistant Junior Lecturer BH Obama


fixed it for you.

Tsunami Wave's picture

The big search trend now in twitter is #YouJustPulledAnObama  ...and as you can probably guess, most of them are pretty open criticisms.

cpzimmon's picture

Guess we should ban baseball bats  and guns and cartoons.

Dull Care's picture

Last paragraph is the truth. It speaks volumes that Krugman isn't pelted by food and mocked anytime he makes a public appearence.

Cognitive Dissonance's picture

Krugman hasn't lost mainstream credibility because the mainstream itself hasn't lost credibility among the masses......yet.

There is one simple reason for that. The stock market is back at all time highs, which in turn creates just enough plausible deniability among those whose sense of self worth is tied to their financial net worth that they don't ask questions they don't want answered.......honestly at least.

Careless Whisper's picture

Un payaso.  Krugman es un profesional.

IridiumRebel's picture

Krugman es un puto grande. Krugman come nalgas. 

Herd Redirection Committee's picture

You are only as good as your last call.  And Goldman Sachs somehow magically called the drop in gold, what, 2 weeks before it happened?  So obviously the gold stackers are wrong and the paper bugs are right. /sarc

Until people realize the ENTIRE MSM is owned by a total of 6 corporations they aren't going to ask the right questions.  They still think the newspaper and radio and TV station are separate businesses, and that there is 'competition' and 'journalistic standards'. 

DeadFred's picture

How many people really control those six corporations is the big question

MeelionDollerBogus's picture

Easy answer: look at the board of directors on each, that’s not secret.

Cognitive Dissonance's picture

No for you. One year.

francis_sawyer's picture



In certain homeschooled 'ghetto' scenarios [even in the post Naismith, & Earl Lloyd era]... It's an aspirational & coveted means to make money...


Hey: OT, but WTF is up with these click ads from the CDC, sheep dogging the 45-65 crowd into getting Hepatitis C shots?... Queue up for the guillotine folks!... Free M&M's & Doritos for everybody!... Did you hear that?... I said FREE!...

Rothschilds, jews, & Rockefellers need to eliminate low IQ folks like francis_sawyer... You know, to improve the gene pool & all... Oh no wait ~ they were 'worried' that I might have Hepatitis C & were concerned for my well being... My bad... Shoulda known...

LasVegasDave's picture

Nah, they need goyim like you to hose down their driveways, fix their cadillacs and breed more little dumbfucks to do the same

Now be a good Goy and get back to work

francis_sawyer's picture

Thanks for the confirmation... [I was beginning to think I was making this all up]... In any case... Following the VECTOR you suppose... As I've stated a million times before... The eventual destination [& resulting thesis] will become... WHEN IT BECOMES JEW VS. JEW ~ ALL HILARITY WILL ENSUE...


It'll kind of be like that moment in 'Moonraker' when James Bond asks DRAX about breeding the 'perfect culture' [& the light bulb goes on in the mind of Richard 'JAWS' Kiel, who is standing alongside as he figures it all out]...

As I said... Comedy for everyone from that moment forward...

i-dog's picture



You're talking about the AshkeNAZI holocaust against the Semites here, Francis!

"There's nothing new under the sun".

francis_sawyer's picture

No I'm not... I'm talking jew vs. jew...


You've found a convenient way to cordon off the distinction [in your mind]... So congratulations... I hope that makes you feel better & gets you invited to parties...

Me?... I don't bother with that shit... It's just a lot of liberal thought babble [which conveniently gets whipped out when messy subjects come to the surface]...

Ask yourself a question... Why, in the past 100-200 years, [or, probably as far back as the invention of the printing press ~ &, oh wht the hell not... as far back as the earliest known writings, THE OLD TESTAMENT, where the jews conveniently set themselves up, 'propaganda wise', as 'God's Chosen People' right out of the starting gate... Frankly ~ I believe humanity & even civilizations, on planet Earth, far outdate any of this nonsense of the past 6,000 years, but that is a topic for another day]... Anyway, why has there been a FULL COURT PRESS to propagandize the idea of the 'mistreatment of the jews'???... I know of no other tribe or culture that even comes close, or, at minimum, in any kind of mathematical symmetry with their degree of population...

It is impossible to fathom, on a planet of 7 billion people, that a half dozen or so AshkeNAZI's [at the very top], control everything... Instead ~ if you are to entertain any concept of CONTROL at all, you have to think of it as a series of pyramids stacked upon another series of pyramids [which, at the boundaries, form the giant pyramid when viewed from a distance]... There are not enough AshkeNAZI's to go around to fill up all the pyramids, or even all the TOPS of all the little mini-pyramids...

As the giant pyramid was being constructed [& probably still is], you needed trustworthy individuals to manage the little mini-pyramids... That's where the so called 'break' occurs [whereby, after a passage of time, somebody like yourself can say "look ~ these mini-pyramid managers ARE NOT AshkeNAZI's ~ they just happen to be jews ~ little innocent victims of circumstance"]... Furthermore ~ over the passage of time, these little mini-pyramids begin behaving like 'cells', whereby they have a replicating feature if they die or become damaged... Nepotism naturally occurs there... Bloodline trumps all [or as close as can be managed under the circumstances if that is not possible, which is where you start to see 'Morgans', 'Rockefellers', 'Windsors', &, more recently, 'Clintons' & 'Bushes' enter the picture... Even the House of Saud probably fits in there]...


So if you bothered to try and understand all that, it brings me back to the same point that I always make... THE ASYMMETRY... [whether you think of it as the giant pyramid, or, the organizational structure of the mini-pyramid that is stacked & configured to create the form of the giant pyramid]... I'll acknowledge that a great deal of the mini-pyramid managers are somewhat oblivious to the larger structure, but that doesn't make them innocent in my mind... If you're a Praetorian, you still serve Caesar & nobody is going to forgive you at the end...

You know what this all reminds me of?

It reminds me of the beginning scenes of 'Trading Places'... All the stuffy 'masters of the universe' really thinking they were JUST THAT... Then you get a character like Billy Ray Valentine [Eddie Murphy] who accidently enters into the mix... So it all starts out as a social experiment, of whether an underpriviledged black man could hack it in their universe [& the Duke brothers go about destroying lives to settle a $1 bet for their own amusement]... That's the degree of contempt that I see put on display in this architecture... Maybe the fucking AshkeNAZI's started it... But the rest of the frat boys don't seem to mind goosestepping along to the beat...

& how can I say that?

Easy ~ because either NOBODY mentions it [out of FEAR ~ & as I pointed out in the Matt Taibbi thread], or, because of the extraordinary amount of attention that is given to keeping the sandbags filled & the river dammed off...


LasVegasDave's picture

You know, they have medication for mental illness

francis_sawyer's picture

comes in a BLUE PILL... right?


'AshkeNAZI's'... Pfffffft!... Just another propaganda measure used to deflect the spotlight...

As of 1931... 92% of all jews were considered 'Ashkenazi's'... It's more like 80% nowadays... The ones who aren't are out roaming in the desert somewhere or have their noses buried in a book... OK ~ So I'll show some benevolence & won't hold THEIR noses to the fire... The other 80% could give a shit about them anyway because they have their eyes trained on golden calves & tables set up in front of the Temple to change money...

Dr. Engali's picture

When will Fernandez resign for her incompetence ?

nmewn's picture

She hasn't aquired enough shoes yet...but like Imelda, she's working on it!

Tsunami Wave's picture

She needs some more publicly fuded plastic surgery to make that dead face she still has look even 'younger' and to make that ass bigger for all Argentines to kiss when she's ousted via military coup or popular-unrest.

koncaswatch's picture

CFK (Cristina Elisabet Fernández de Kirchner ) will be there for the next revolution/election, resignation is not an option. Argentines have learned how to run an economy across borders (Uruguay) over the years. When will Argentines shed their Socialist inclinations is the pertinent question.

CrashisOptimistic's picture

In this world there may be one legitimate journalist.

That lady is a fucking hero.

Wile-E-Coyote's picture

Yeah she will get a vaseline greased cattle prod right up her Fanjita for that interview.

Cacete de Ouro's picture

At least the Argentines lay on good protests, like the Greeks, and unlike the fuckin sheeple Irish who take it up the Fanjita from that fat fuck finance minister Michael Noonan, while they bring their own vaseline... A crying shame...

Investor-1's picture

I only like south america for it's silvermines. My favorite way of making money is trading silver. I don't care about their politicians.

GMadScientist's picture

Glad to know you and imperialists around the world have something in common.

ManOfBliss's picture

The same way they tax anything else?

They assume you'll report it. And if they suspect you don't (and they WILL have spyware eventually on exchanges) then they will audit the fucking shit out of you.

Bitcoin is fallable.