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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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Sat, 04/27/2013 - 11:45 | 3505487 iDealMeat
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Sat, 04/27/2013 - 12:04 | 3505530 smlbizman
Sat, 04/27/2013 - 12:11 | 3505548 Stackers
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 ?

Sat, 04/27/2013 - 12:44 | 3505616 malikai
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.

Sat, 04/27/2013 - 14:12 | 3505743 CheapBastard
CheapBastard's picture

"Carumba ! Se me olvido los Cliff notes."

Sat, 04/27/2013 - 14:35 | 3505788 Freddie
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. 

Sat, 04/27/2013 - 15:36 | 3505903 Hacked Economy
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".

Sat, 04/27/2013 - 18:31 | 3506389 DeadFred
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?

Tue, 04/30/2013 - 00:38 | 3512772 MeelionDollerBogus
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.

Sun, 04/28/2013 - 01:21 | 3507015 Vlad Tepid
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.

Sun, 04/28/2013 - 09:11 | 3507268 dark pools of soros
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

Tue, 04/30/2013 - 00:37 | 3512777 MeelionDollerBogus
MeelionDollerBogus's picture

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

Tue, 04/30/2013 - 00:39 | 3512776 MeelionDollerBogus
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

Tue, 04/30/2013 - 00:38 | 3512774 MeelionDollerBogus
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.

Sat, 04/27/2013 - 16:04 | 3505971 El Oregonian
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...

Sat, 04/27/2013 - 22:21 | 3506804 RideTheWalrus
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.


Tue, 04/30/2013 - 00:36 | 3512767 MeelionDollerBogus
MeelionDollerBogus's picture

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

Sat, 04/27/2013 - 17:47 | 3506305 TuesdayBen
TuesdayBen's picture

Taught by Adjunct Assistant Junior Professor BH Obama

Sun, 04/28/2013 - 08:24 | 3507215 ATM
ATM's picture

Taught by Adjunct Assistant Junior Lecturer BH Obama


fixed it for you.

Sat, 04/27/2013 - 12:11 | 3505550 Tsunami Wave
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.

Sat, 04/27/2013 - 13:08 | 3505649 Aeternus
Sat, 04/27/2013 - 16:46 | 3506102 cpzimmon
cpzimmon's picture

Guess we should ban baseball bats  and guns and cartoons.

Sat, 04/27/2013 - 11:43 | 3505488 Dull Care
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.

Sat, 04/27/2013 - 11:50 | 3505505 Cognitive Dissonance
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.

Sat, 04/27/2013 - 11:58 | 3505520 Careless Whisper
Careless Whisper's picture

Un payaso.  Krugman es un profesional.

Sat, 04/27/2013 - 12:29 | 3505593 IridiumRebel
IridiumRebel's picture

Krugman es un puto grande. Krugman come nalgas. 

Sat, 04/27/2013 - 14:35 | 3505787 Herd Redirectio...
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'. 

Sat, 04/27/2013 - 18:35 | 3506398 DeadFred
DeadFred's picture

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

Tue, 04/30/2013 - 00:40 | 3512784 MeelionDollerBogus
MeelionDollerBogus's picture

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

Sat, 04/27/2013 - 11:46 | 3505489 Cognitive Dissonance
Cognitive Dissonance's picture

No for you. One year.

Sat, 04/27/2013 - 12:03 | 3505490 francis_sawyer
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...

Sat, 04/27/2013 - 13:11 | 3505650 LasVegasDave
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

Sat, 04/27/2013 - 14:14 | 3505735 francis_sawyer
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...

Sun, 04/28/2013 - 00:16 | 3506947 i-dog
i-dog's picture



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

"There's nothing new under the sun".

Sun, 04/28/2013 - 07:30 | 3507160 francis_sawyer
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...


Sun, 04/28/2013 - 08:58 | 3507256 LasVegasDave
LasVegasDave's picture

You know, they have medication for mental illness

Sun, 04/28/2013 - 11:11 | 3507422 francis_sawyer
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...

Sat, 04/27/2013 - 11:48 | 3505498 Dr. Engali
Dr. Engali's picture

When will Fernandez resign for her incompetence ?

Sat, 04/27/2013 - 12:01 | 3505521 nmewn
nmewn's picture

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

Sat, 04/27/2013 - 12:13 | 3505561 Tsunami Wave
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.

Sat, 04/27/2013 - 12:07 | 3505537 koncaswatch
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.

Sat, 04/27/2013 - 11:51 | 3505499 CrashisOptimistic
CrashisOptimistic's picture

In this world there may be one legitimate journalist.

That lady is a fucking hero.

Sat, 04/27/2013 - 12:10 | 3505542 Wile-E-Coyote
Wile-E-Coyote's picture

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

Sat, 04/27/2013 - 15:08 | 3505844 Cacete de Ouro
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...

Sat, 04/27/2013 - 11:49 | 3505501 Investor-1
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.

Sat, 04/27/2013 - 11:53 | 3505507 GMadScientist
GMadScientist's picture

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

Sat, 04/27/2013 - 11:51 | 3505502 Debugas
Debugas's picture

Canada is going to tax bitcoin transactions

Sat, 04/27/2013 - 12:45 | 3505609 Haole
Haole's picture


Sat, 04/27/2013 - 13:03 | 3505643 ManOfBliss
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.

Sat, 04/27/2013 - 17:05 | 3506169 allocater
allocater's picture

a) You buy something with bitcoins. You already pay a VAT because the business you buy it from included it in the price.

b) You sell bitcoins for a profit. They will know you have incoming fiat from ??? and investigate it.

Sat, 04/27/2013 - 11:50 | 3505504 GMadScientist
GMadScientist's picture

Hernan, I'm told it helps if you hold your thumb next to your lines in the script.

The world needs more waiters.

Sat, 04/27/2013 - 11:53 | 3505506 spine001
spine001's picture

What is going on in Argentina is a shame for democracies all over the world. It shows how people in power can and do control everything even reality. Argentinean government officials are so incompetent that what would be an easy lie with a straight face for Dimon Bernenke Geitner or so many more in the world cant be faced by argentinean government officials who still fear the people in the Country...

Until next t8me,


Sat, 04/27/2013 - 12:00 | 3505518 IridiumRebel
IridiumRebel's picture

Gene, babe, imagine if they had drones........

Sat, 04/27/2013 - 12:15 | 3505559 olto
olto's picture

Dear spine:


If 'what is going on in Argentina is a shame', what do you call what is going on in the u. s.?

Sat, 04/27/2013 - 12:58 | 3505629 Smegley Wanxalot
Smegley Wanxalot's picture

A good reason for another revolution

Sat, 04/27/2013 - 11:53 | 3505510 IridiumRebel
IridiumRebel's picture


Sat, 04/27/2013 - 11:54 | 3505513 blindman
blindman's picture
Very Bullish On Gold
Tue 23 Apr 2013 | 04:14 PM ET
SD Weekly Metals & Markets: JPMorgan Fumbles the Gold!

Sat, 04/27/2013 - 11:55 | 3505514 Fix It Again Timmy
Fix It Again Timmy's picture

In the US, there are only three prerequisites for keeping your government job:

1. Be a comsummate bullshitter.

2. Kiss ass like a MF'er.

3. Do not, I repeat, do not question the status quo.

You will rise up in the ranks and get that golden pension.


Sat, 04/27/2013 - 13:21 | 3505666 My Days Are Get...
My Days Are Getting Fewer's picture

Hasn't the career path in Government always been that way?

Sat, 04/27/2013 - 22:02 | 3506760 Parrotile
Parrotile's picture

The "Optimum Career Path" in ALL Governments has forever been this way.

(Also helps very considerably if you have Family and/or friends in connected places. As an excellent example - just look how many "Mandarin" positions in the UK First Division Civil Service seem to be handed down through a certain select number of families . . . . . .)

Sat, 04/27/2013 - 12:05 | 3505528 Meremortal
Meremortal's picture

Related: Check the financial sites. At this time of year the thrust is to keep the retail dumb-money investor from "selling in May and going away".

In the brokerage world, everything is a buy, unless it's a hold.

Sell is a dirty word. Check any big brokerage house or financial site for clarification. The front page of MarketWatch is covered with what to buy now, and even has a column about "Selling in May and going away doesn't mean to just sell everything."


Sat, 04/27/2013 - 19:32 | 3506490 Zero Debt
Zero Debt's picture

Buy money

Sat, 04/27/2013 - 12:14 | 3505553 Quinvarius
Quinvarius's picture

I think he could have been jailed for talking about it.  The president is the one with no credibility.

Sat, 04/27/2013 - 12:15 | 3505556 WTFx10
WTFx10's picture

"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."

 He's in the jooish mafia,Duh.  The untouchables and not in a good way.

Sat, 04/27/2013 - 14:42 | 3505794 Things that go bump
Things that go bump's picture

Speaking of the good doctor, I haven't seen him in a while. Did he despair of us and decide to leave us to wallow in our own ignorance?

Sat, 04/27/2013 - 22:07 | 3506767 Parrotile
Parrotile's picture

Extremist blogs such as ZH are infra dignitatum for Nobel Laureates such as Dr K, don't you know.

(probably finds his Facebook presence more rewarding from a "Positive Feedback" aspect)

Sat, 04/27/2013 - 12:15 | 3505560 Jerk McGurken
Jerk McGurken's picture

Am I the only one who was reminded of Roberto Benigni in "Its a Beautiful Life"?

Sat, 04/27/2013 - 12:17 | 3505568 Jerk McGurken
Jerk McGurken's picture

"Life is Beautiful", whatever.

Sat, 04/27/2013 - 12:14 | 3505566 Gromit
Gromit's picture

Just back from Buenos Aires.....

This is the best website for Argentine Forex in practice.

The Ask on the blue dollar is the effective street exchange rate, a little higher if you want dollars, a little lower for Pesos.

Sat, 04/27/2013 - 12:19 | 3505571 KickIce
KickIce's picture

The infamous playgroud retort; "I'm taking my ball and going home."

What a circus, but the sheeple are more interested in the NFL draft.

Sat, 04/27/2013 - 12:20 | 3505575 JustObserving
JustObserving's picture

IMF will impose sanctions on Argentina for false statistics?

Why are the US and UK exempt from those penalties?  Their statistics have been massaged and manipulated for decades.

Never mind ...  USA owns the IMF.

Sat, 04/27/2013 - 12:18 | 3505577 Nobody
Nobody's picture

How sad that a Greek journalist's interview of an Argentine finance minister is lampooned by Americans.
Only in America!

Sat, 04/27/2013 - 12:30 | 3505595 KickIce
KickIce's picture

Because Americans are still blind to their own problems. Imagine if the statement "gold is a barbaric relic" would have been made in say the 1930's.

Sat, 04/27/2013 - 12:39 | 3505607 Nobody
Nobody's picture

It basically was by FDR

Sat, 04/27/2013 - 13:12 | 3505657 KickIce
KickIce's picture

Good point, ok maybe 1830. :)

Sat, 04/27/2013 - 14:41 | 3505803 Things that go bump
Things that go bump's picture

I thought he only said all your gold is belong to us. 

Sat, 04/27/2013 - 14:45 | 3505813 Freddie
Freddie's picture

I have sympathy for the man.  There is still some humanity there and a conscience.   American politicians and their lackeys and drones, especially in the Obama klpetocracy, are filled with evil people who will lie or do anything.  Including false flags.  LBJ is a prime example of an evil psychopath involved in JFK's murder and the Gulf of Tonkin and the USS Liberty.  Evil personified.

This poor man in Argentina appears to actually have a conscience because the lying really bothers him. 

Sat, 04/27/2013 - 12:20 | 3505581 Cursive
Cursive's picture

The truth is simple; obfuscating the truth is very complex.

Sat, 04/27/2013 - 12:24 | 3505587 centerline
centerline's picture

In Argentina, monetary implosion is all too real.  Here in the states, it is a myth.  Something that only happens to little countries.  Can never happen here, most think.  Since the system operates on faith (mainly), Krugman and other neo-classical keynesian snake oil salemen continue to live above ground, stroking the gears of the system as it chugs it's way towards the event horizon.

Sat, 04/27/2013 - 12:37 | 3505600 Miles Kendig
Miles Kendig's picture

This guy sounds a lot like Nouriel Roubini in his quest to have those not ordained in the mysteries of economics banned from economic debate since only economists (and their pet politicians, when properly supervised) understand the the core topics sufficiently to engage in meaningful discussion.

Thanks to Argentina's Economy Minister Hernan Lorenzino we now gain a greater appreciation as to what this closed circle of economists working in concert with their political ponies  actually achieve by way of their self described 'vigorous' approach to intellectual debate and public policy formulation and execution.

Sat, 04/27/2013 - 13:53 | 3505710 Arrowflinger
Arrowflinger's picture

Roubini has a cunt on his wall and none in his bed.

Sat, 04/27/2013 - 13:02 | 3505635 Yancey Ward
Yancey Ward's picture

The dumb fuck was too stupid to say:

Inflation is currently subdued, and inflation expectations appear well anchored

Sat, 04/27/2013 - 13:44 | 3505701 TNTARG
TNTARG's picture

That was in december 2012 and he said "Me quiero ir" to his people, not to the journalist, AFTER the camera went off (but they were recording anyway without Lorenzino knowing about it).

Point is we do openly talk about inflation in Argentina. And we keep our own records (people's records).



Sat, 04/27/2013 - 14:24 | 3505760 no2foreclosures
no2foreclosures's picture

What's a little stubborn thing called 'truth' or 'fact' got to do with all the news fit to print by Clarin and Bloomberg?

At least our corrupt politicians in Argentina can sleep well at night as they don't have to think about the tens of millions of people killed by your Yankee-manufacturerd and deployed AIDS virus or that "mycoplasm" virus behind all of the modern neurosystemic degenerative diseases like MS, "chronic fatigue syndrome", Alzheimer's, etc., or that wonderful "depleted" uraninum that has irradiated Iraq, Afghanistan, Yugoslavia, etc. for the next 4.5 billion years, or the millions of third-generation Vietnamese still suffering from the horrid effects of "Agent Orange".

Our corrupt politicians at least have a touch of conscious unlike your Yankee psychopaths.

Sat, 04/27/2013 - 14:32 | 3505779 Meremortal
Meremortal's picture

Hey Ward, you forgot the smallpox-infested blankets!

And the reptillian shape-shifters.

Get with the program.


Sat, 04/27/2013 - 15:01 | 3505830 shovelhead
shovelhead's picture

Glad to hear the desaparecidos all turned up safe and sound.

Sat, 04/27/2013 - 15:03 | 3505839 Freddie
Freddie's picture

Don't forget the evil drug companies who block cure like on MS.   Dr. Paolo Zamboni in Italy has a MS cure but the drug industry blocks it's use.

Sat, 04/27/2013 - 16:03 | 3505969 no2foreclosures
no2foreclosures's picture

The pathogen (mycoplasma or prion or a few other names--all naming the same manufacturered pathogen) behind MS was created by the US in the 1950s.  It was deployed in Korean during the Korean War.  The Yankee soldiers who handled these biological munitions were warned in an official US Army 13-page document that they could come down with the symptoms of MS (1 out of 500 who worked with these biological munitions) and that they would be compensated.  Today, if one was to ask what the cause of MS is, they would get a blank stare.  And yet the cause of MS was known since the 1950s. . .

Sun, 04/28/2013 - 13:15 | 3507644 Nimby
Nimby's picture

Holy fucking shit.  The nerve of you third-worlders to think you have any kind of moral superiority.  Just because you're limited in your savagery by your ignorance and superstition doesn't make you any less savage.

Sat, 04/27/2013 - 14:15 | 3505745 Saul Sage
Saul Sage's picture

when he says he's might be off on the decimal, i believe he is not mistaken as to its place, but rather its value e.g. 10.2 or 10.8 not 1.02.

Sat, 04/27/2013 - 16:21 | 3506022 Lmo Mutton
Lmo Mutton's picture

Amen my brother.

Sat, 04/27/2013 - 17:02 | 3506066 Yellowhoard
Yellowhoard's picture

At least the Japanese Finance Ministers have the decency to kill themselves or check into a mental hospital.

Sat, 04/27/2013 - 17:03 | 3506153 Pumpkin
Pumpkin's picture

Why the hell are the questions in one language and the answers in another?

Sat, 04/27/2013 - 17:01 | 3506155 world_debt_slave
world_debt_slave's picture

The reason the corrupt in US politics get away with their criminal acts is b/c they are accompliced (non-word) by the MSM.

Thanks to blogs like ZH that expose their lies, that is why the pols are trying to control the Internet like in China.

Sat, 04/27/2013 - 17:02 | 3506161 filament
filament's picture

Sooo. CFK still requires her men to perform.  Argentina may actually survive.

Sat, 04/27/2013 - 18:00 | 3506333 tony bonn
tony bonn's picture

"...and told him he has lost credibility and the most likely next step is his resignation..."

he is not the real problem, bitch. find a mirror.

Sat, 04/27/2013 - 18:26 | 3506382 MyBrothersKeeper
MyBrothersKeeper's picture

At least he didn't answer: "who is John Gault"

Sat, 04/27/2013 - 20:05 | 3506525 honestann
honestann's picture

Are you kidding?

That would have been the best answer EVER.

Sat, 04/27/2013 - 20:01 | 3506530 honestann
honestann's picture

The mainstream media in the USSA has been instructed to always be respectful of everything Paul Krugman says.

Why?  Because the predators-that-be have chosen Paul Krugman to be the next chairman of the federal reserve.

Sat, 04/27/2013 - 20:02 | 3506532 akak
akak's picture

So many windows in the Mariner Eccles building, so little time ....

Sat, 04/27/2013 - 20:19 | 3506560 Miffed Microbio...
Miffed Microbiologist's picture

Unfortunately those windows probably could withstand a nuclear blast. Some people are above economic stimulation I suppose.


Sat, 04/27/2013 - 22:16 | 3506791 Parrotile
Parrotile's picture

The windows may be "blast resistant" (i.e. laminated), but I'll safely bet the building's air handling systems are not HEPA standard.

So, a "Potential Solution" if you get my drift . . . . . .

(Gotta go - seems we have visitors. Didn't know I had so many friends in the Australian Army . . . . . . . OOPS!!)

Sun, 04/28/2013 - 10:31 | 3507390 Miffed Microbio...
Miffed Microbiologist's picture

Hmmmm, I forgot I needed to sub out the Coccidioides immitis QC last week. Maybe I'll just add an extra....never know if you may need another if the first gets contaminated right? ;-)


Sat, 04/27/2013 - 22:21 | 3506795 Monedas
Monedas's picture

When his guy was young .... he barely had three fingers of forehead .... the receding hairline .... has increased this to maybe five fingers .... but that doesn't count .... when he was born .... I'll bet his unibrow .... touched his hairline .... Uni-Pelt .... Argentina .... Zero Bald Babies ?

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