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Argentina's Modest Proposal: Buy Bonds Or Go To Jail
While Argentina's recent extraordinary attempts at central planning have been widely documented, ranging from freezing supermarket prices in a (failed) attempt to control inflation, to banning advertising in a (failed) attempt to weaken the private media, so far nothing has worked at stabilizing the economy and preventing the collapse in the domestic currency (if leading to such humorous viral videos as #mequieroir). Ironically, this is both good and bad news. It is good news because as we showed two days ago, even the ludicrous speed rise in the Nikkei has been a snail's pace compared to that other unknown "Nation 1." We can now reveal that while Japan is Nation 2, Nation 1 is that inflationary basket case Argentina, and specifically its Merval stock index.
Of course, the surge in the stock index is nothing more than a reflection of the ongoing collapse in the economy, which in turn is reflected not by the official, government controlled exchange of the ARS (just try buying dollars at the official rate) which closed the week at a rate of 5.24 to the dollar, then certainly the black market one, showing just how weak the currency is for those who actually want to buy dollars in Argentina, which just hit a record high of over 10. In fact, as the chart below shows, when one factors in the 80% collapse in the real, unofficial exchange rate over the same time period, the stock index has barely kept up.
Furthermore, it is merely a time before the runaway inflation pushes corporate input costs so high, that not even the rise in the stock market can preserve wealth.
Still think soaring stock prices in the New Normal are an indication of anything but a collapse in the economy manifested by either current, or discounted, plunges in the purchasing power of a sovereign's currency?
And just to make sure there is no confusion, the full context here is that while the rest of the G-0 world at least has each other's central banks to fund mutual debt purchases, Argentina has been locked out from the global community for a variety of reasons. And yet, like any other Keynesian follower, the nation is desperate to borrow from the future in order to grow government now. However, without access to capital markets how will the country with the imploding currency do this?
Simple.
Argentina's president Kirchner, a keen observer of recent events in Cyprus, has figured out a way to kill two birds with one stone, namely attempt to put an end to tax evasion, and fund the capex of the recently nationalized state oil company YPF (now that its former owner, Spainish Repsol, is less than keen to keep investing in its former Argentine subsidiary). To do that she will present the local tax-evading population (pretty much anyone with any disposable income and savings) with a simple choice: buy a 4% bond to fund YPF "growth" or go to prison.
From Bloomberg:
President Cristina Fernandez de Kirchner wants tax evaders hiding about $160 billion in dollars to help finance Argentina’s oil-producing ambitions. Her offer: Buy a 4 percent bond or face the prospect of jail time.
The tax authority announced the plan May 7, highlighting its information-sharing agreements with 40 nations and warning Argentines who don’t use the three-month amnesty window that they risk fines or arrest. Evaders have two options for their cash and the only one paying interest will be a dollar bond due in 2016 to finance YPF SA (YPF), the state oil company. The 4 percent rate is a third the average 13.85 yield on Argentine debt and less than the 4.6 percent in emerging markets.
Speaking of YPF's growth, we made it very clear a year ago when we reported on the latest "banana republic" nationalization of formerly efficient and private assets, that it was only a matter of time before an overarching government's epic misallocation of resources, leads to epic inefficiencies, and a liquidity scramble. It is not rocket science: only hardcore socialists can harbor any hope that a government is efficient at allocating capital, especially when one nets out the 50% or so in corruption "externalities" that are incurred along the way, be it in Argentina or the US. Once again we were right:
A year after seizing YPF, Fernandez is funneling more money into the nation’s energy industry as the government struggles to boost production from the world’s third-biggest shale oil reserves. With Argentina already committed to pumping $2 billion of central bank reserves into a fund for energy investments and the highest borrowing costs in emerging markets keeping it from issuing debt abroad, the government is eyeing the billions of undeclared dollars that Argentines hold to help shore up reserves that have dwindled to a six-year low.
“The authorities need to take steps to open up external resources in the energy sector and to finance the Treasury and local governments,” said Sebastian Vargas, a New York-based analyst at Barclays Plc. “The amnesty is not negative for markets but it’s disappointing because they do little to solve balance-of-payment difficulties.”
There are some cynics who will say what Argentina is doing on a semi-voluntary basis is what that other bastion of wealth expropriation, the European Union, did to Cypriot savers. They will be right of course, if only for the simple reason that Argentina does not know precisely where all the "illegal" tax-evading, offshore (and onshore) capital is held.
Argentines have at least $160 billion of undeclared funds, equal to about 36 percent of the nation’s gross domestic product, and $40 billion are hidden inside the country, Vice Economy Minister Axel Kicillof said at the May 7 press conference where he and other senior officials presented the amnesty.
Many Argentines hide assets to avoid a 35 percent income tax and a levy of as much as 1.25 percent on their personal wealth. Undeclared assets are also beyond the reach of the government, which in 1989 seized bank certificates of deposit in exchange for bonds and in 2002 converted dollar deposits into pesos.
In other words, unlike in Europe, where Russia's 'tax-efficient' billionaires had a bright shining red light blinking over Cyprus saying "we are here" (a light that is now blinking over Luxembourg, Lichtenstein and of course, Switzerland, not to mention other global offshore tax havens), in Argentina the government first has to find the money. Which is why its initial recourse is the conventional one: simple threats.
Those joining the plan would be immune from prosecution and won’t be forced to pay past-due taxes, said Ricardo Echegaray, head of the tax agency. The search for evaders, which includes cross-checking information on income and personal wealth reports with purchases of real estate and cars, foreign travel and credit card purchases, will continue, Echegaray said.
“You better bring your dollars back because we will find you,” Echegaray said at the May 7 press conference. Last year, tax collection in South America’s second-largest economy rose to 37 percent of gross domestic product from 16.5 percent in 2002, according to Economy Ministry data.
Former Vice Economy Minister Roberto Feletti, who is now a congressman for Fernandez’s Victory Front alliance, said the government expects to attract at least $5 billion under the program.
Good luck with that - the only thing Argentina will succeed is in forcing tax evaders to hide their money even deeper into the global shadow economy.
The amnesty program will probably fail because its benefits don’t outweigh investors’ mistrust of the government’s ability to rein in inflation, cut spending, attract foreign investment and restore confidence in the currency, according to Moody’s Analytics Inc.
“The problem the government faces is lack of credibility and lack of confidence,” Juan Pablo Fuentes, an economist at Moody’s, said in a telephone interview from West Chester, Pennsylvania. “That money is potentially there, it could come back eventually, but there needs to be a lot of changes. These bonds are not going to have any real impact.”
And in the meantime YPF, which can't afford to wait on capital infusion, will have less and less cash with which to operate and grow, until finally it is mothballed, dimming the one bright light in Argentina's economy, and leading to an even faster economic contraction, even more rapid devaluation of the Peso, if only in the black market of course, and an ever faster surge in inflation.
But at least the stock market will be off the charts: sounds like a fair exchange for yet another economy sent to an early grave by central planners.
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shit is shit.
Well said.
"We're making efforts to resist totalitarian global shit down here. What about you?"
You might be making more efforts than we are, but holy shit, it sure looks like completely wasted effort from here. I agree that the IMF was designed to loot countries like Argentina, but it sure looks like the entire country was in on it.
I have an old friend who was born and raised in Argentina. Around 2003, I asked him what his family was doing about the crisis, and wondered if they were buying silver and gold. "Silver and gold? Why would they buy that?"
It's hard enough to hear that shit from people in the US, where the underlying problems are carefully disguised, and even the symptoms are elaborately obfuscated. But to hear that from someone in Argentina, where the corruption and collapse are just right out in the open, it made me realize just how fucking hopeless your country's people actually are.
Sorry in advance if you find that insulting.
No, it isn't insulting at all.
But again, a few precisions.
"Corruption and collapse are just right out in the open":Corruption in the open. Mmmm...
We don't go so far as blowing up our own buildings (except the military facility of Rio Tercero during Menem's gvt, by the way, one of those whom Perkins speaks about).
We don't do false flag operations. We don't kill 3000 people with alleged "terrorists" airstrikes and bury the evidence, menace witnesses, kill witnesses...
We don't run prisions in foreign countries (illegaly occupied territories) full of people never charged for any crime without trial, without defense, for years and years.
We don't invade countries on the basis of lies, we don't kill men, women and children to export "democracy", we don't poisen with radioactive and biological ammunition other's people land, we don't steal other's people resources.
We don't allow corporate lobbiest in our gvt Houses. We don't accept corporations to "contribute" with political candidates (forbidden by law). We don't produce nor sale WMD. We don't send people to corrupt foreign heads of States. Since the last CIA/US/UE sponsored dictatorship, we don't kidnap people, we don't run illegal concentration camps, we don't torture people, we don't even allow the death penalty.
We don't poisen our own soldiers. We don't make pharmaceutical experiments with our own people and soldiers and we don't abbandon our soldiers to themselves without medical care once their health has been ruined by the gvt.
We don't lie to the World, we don't blackmail the World with public gvt statements as "Either you are with us or against us" (Bush Jr).
We don't feed "to big to fail" banks with our taxpayers money nor allow private banksters to run our economy, finances, currency, monetary policy...
We don't massacre suspects without a trial, in foreign territories, and announce to the World that "Justice has been served" (Obama).
We don't frighten our own citizens (us) with false flag operations to obtain consensus to outrage countries arount the World nor to undermine our civil rights.
We don't finance terrorists.
In our country everybody can protest in the open, in front of the Casa Rosada, the Congress or what we the people prefer, without being bothered (except for the case of Metropolitan Police, THAT disctrict runned by corporate Macri).
We don't prohibit alternative medical treatments.
We don't spread shit substances around the World with non-identifyable airplanes.
We don't blown up our commercial aircrafts.
We don't assassin our presidents nor foreign presidents.
Shall I continue?
Again about the corruption right in the open, please be more precise, because nowadays the only "evidence" we have about gvt corruption are the allegations of MSM which do not publish a word about real crimes accomplished by the MSM owners (as Clarin's owners money laundry, illegal "acquisition" of Papel Prensa, illegal adoption of illegaly "missing" people's children during the last dictatorship, etc...).
If your fellow bought gold and silver in 2003 I can understand it (so do many of you right now, I am correct?) because in 2003 we were living into an economic and social nightmare (pretty much what's going on in Europe and in the US these days and for the exact same reasons: as a result of governments working for corporations, the IMF, the World Bank instead of on behalf of the people).
Preventing "maccartist" comments based on misinformation: Argentina has not a Socialist government.
I myself run my own business without being bothered by the government (of course, I have my employees on declared payroll lists and pay my taxes and obligations). No IRS (AFIP, here) at my heels because when they do standard controls, I'm ok.
US citizen says--"we don't do that either"--its our corrupt murdering lying cheating stealing gov't hacks and politicos that do it. As for international corporations--well they are international--
'We don't invade countries on the basis of lies, we don't kill men, women and children to export "democracy." '
You seem to have forgotten about your dictators' invasion of the Falklands in the 1980s, which killed several hundred people.
Not to mention the 30,000 Argentines they killed at home, dropping them from helicopters into the Rio Plate and such.
Even as 99% of Falklanders reject Argentine rule in a democratic vote, your dictator runs stupid Olympic TV ads claiming that the islands are Argentine territory.
Everyone knows that your flaky country is just crazy enough to mount another invasion, if you think you can get away with it.
Hey, pal, it's the British who took Malvinas first. Furthermore, we didn't invaded Malvinas but was the (again) US/UE sponsored dictatorship who did it.
As for the democratic vote, if you take an island and put your people on it of course they would vote for you, wouldn't they? That's THE FACTO shit, pal, it isn't the rule of law. As a matter of fact there are almost 200 UN resolutions about the matter which GB refuses to acknowledge (as you know, laws aren't for Empires to follow). Even so, not the people nor the government is willing to do any fight but the legal one.
And again, it wasn't a legal gvt who killed more than 30.000 BUT THE US/UE/CIA SPONSORED DICTATORSHIP and dictators are now under trial or already sentenced.
So stop bullshitting us all.
They've done that: it's called the Hawaii... they just don't talk about it.
they are called the Falklands stop with your fantasy , you lost the fucking war? Islanders WANT to belong to the commonwealth, get that thru your stupid skull.
Such as islanders want to belong to the "commonwealth", why don't you take them to the Commonwealth? 'cause down here we've another commonwealth which isn't yours.
As for your insults, since when people standing for freedom and independence are "bitchez", "stupid skull", "prick", etc? You seem to be much comfortable with the "yes Master" way, subdit.
give the bitch the most powerfull army in the world and see what she does with it.
please stop! we don,t want your bitch propaganda on here.
I guarantee you have a public position in Argentina you selfish prick.
Funny thing is I don't.
I've been offered more than once, I've declined. Love my freedom.
samcontrol, your comments on this topic are worthless to me. Maybe youtube.com commenting is more your style.
TNTARG, thank you for sharing your perspective; AR is a wonderful country and I hope it can get its economic act together. Perhaps the current financial isolation will insulate AR from the global central bank race to the bottom.
You bring up a great point. Argentina is a wonderful country. The current financial isolation as you put it along with the tight controls on imports will actually serve as a great buffer and protection when the real shit hits the fan in EEUU and EU, financially, economically, and militarily.
All the USD hidden by the 5-10% rich Argentineans outside of the country will not only become worth-less, they will be inaccessible. When that time comes, the artificial inflation problem here will subside as it mainly caused by the rich chasing the USD.
You don't know shit about Argentina and what's going on here.
The corruption here is about 1/10000th of the deadly shit that your great country engages in and does to all the peoples around the world and have been doing for the past 70 years and more.
There are rules, regulations and laws, and there is reality on the ground here in Argentina. In terms of freedoms and liberties, Argentina is a lot like the US in the 50s, especially outside of Buenos Aires, where the police still smile and say "hola" to ordinary citizens. Try to ask for directions in NYC and the pigs will taser you. Your country is a fucking police state.
The biggest problem here is the high inflation rate which is cause by the USD and the 5-10% rich chasing the USD, not unlike those chasing bitcoins and inflating its "value." Business owners are buying tangible assets like trucks and gold, when they can get their hands on the latter. The gold supply is limited but not unavailable.
Learn some fucking real history before you open your mind again:
http://www.youtube.com/watch?v=fSBMXsx1O6I
I would also say that it appears they are targeting tax evaders, just as they should. Lock the MFer's up . Argentina is on the right path.
If that's your impression of the U.S. and USD, then I think you're the one who needs to lrn2realitea.
The economic problems in Argentina can be laid squarely at the feet of President Christina Fernandez de Kirchner. Her policies have triggered capital flight, and it's entirely rational that businessmen want to get out before she goes all Hugo Chavez on them with "Expropriate!" being her slogan of the day.
I'm not being sexist. That bitch is evil! (Cristina Fernandez de Kirchner)
Kirchner needs to get laid bad.
I think Hillary is a more urgent case.
Agreed. But, any volunteers? ... I didn't think so.
Oh there's plenty of Hillary worshippers out there.
Oh, I doubt there's a lack of supply or lack of Latin quality. The real problem lies elsewhere:
Lack of onboard knowledge, and lack of wisdom to obtain qualified advisors. It's a closed club of advisors. Hence, GIGO.
Same as for every POTUS. "Same as it ever was. Same as it ever was..."
Knowledge and qualify advisors suchs as... Bernake? Draghi?
The causes of our problems are more likely to be found in your unsolved, not even adressed problems in the US, Europe, Japan... Honestly, well informed people would know that much.
Just to be accurate: there isn't such thing as desperate people searching for US dollars (heavily devaluate, on the other hand). Crony Capitalism does his work here too, pal. I don't know how is this gonna end but at least we're making efforts to deal with it.
And... I've read something about "tax holidays" up there in the States. There is such thing or am I wrong?
'There isn't such thing as desperate people searching for US dollars.'
You lie, bitch.
I have sold more dollars than you make in a year to your fellow citizens.
And the price they pay goes UP every month, thanks to your dictator's 30% inflation.
But for you, cherie, special price ... if you put out.
Hey, I'm no bitch.
Lucky you if you can do business with people stupid enough to buy US Bernake's dollars.
And thanks, nop. I don't put my savings in printed papers.
ok , you are a prick , bitch.
her husband was killed by her son because she got caught cheating , long story. She gets plenty!
This is such a bullshit! Amazingly stupid. When you set up false stories, try to make them a little more credible. Otherwise you just undermine your own argument.
ok , false story , whatever makes you tick nena.
Asking ZH'ers to be PC is like the Obama Admin telling "the internet" to not alter the picture of him skeet shooting...bwahahahahaha.
Rotsa Ruck....oops, was that racist. My apologies to those that might be offended.
We Z/Hers reserve the right to espouse with maximum impact. Wanton expletives are passe'.
Jeezus. You were wearing pink when you typed that weren't you?
If you think that you're man enough to suck me off, let's dance! Bitch<
wow
I wish I was gay. (moar entitlements)
Argentina is a dictatorship.
Big Time!
Don't censor/edit.
I WANT to know what you really think!
Argentina - Wikipedia, the free encyclopedia
Fascism in South America - Wikipedia, the free encyclopedia
Argentina minister ducks inflation question, causes stir | Reuters
Argentine price control policies reach the gasoline pump | Reuters
I'm just getting started...
I can't wait till you are warmed up.
This is not a matter of Argentina vs. anybody. I won't get into it, my friend.
Believe me, CEDINs are a more solid investment than printed papers that said you've bought "gold", released by Goldman Sachs, JP Morgan or whoever sells that crap.
And... Argentina is nowadays a far more "serious" country that any european country, the US or many others. The only thing in which the US and NATO allies are more "serious" than Argentina is in the capacity to blown up the entire World to export "democracy" (perhaps to Mars). Never had such ambitions, here. We have never pretended to be superior to anybody. We never asked God to "bless" us in spite of others.
Winning. Argentine Peso: CURRENCY:ARS quotes & news - Google Finance
Did you clowns get your boats back yet? Ahoy Argentina: Crew of boat seized by creditors in Ghana arrives home - CSMonitor.com
BBC News - Seized ship crew back in Argentina from Ghana
U.S. hedge fund seizes Argentine navy ship | FP Passport
lulz<
Sí.
Is this what a "serious country's" currency looks like -- with a nearly 100% gap between the official and real-world rates?
http://www.ambito.com/economia/mercados/monedas/dolar/
If Argentina is such a 'serious country,' why do its pesos suffer a 30% exchange rate haircut just across the river in Uruguay?
The answer is real simple: people (including Argentines) do not trust their money to be kept safe by looney-tunes Peronist flakes.
'Serial default' is the only economic program your dictator offers. Next default coming up in about, oh, six or eight weeks.
And I'm totally serious in saying that, as you well know.
We'll see about that. As for the media, already posted below.
Gee, of course we can't grab money and resources from other countries as the US/UE nor quantitiveasing ad infinitum.
We won't allow our governments to steal from the people to feed the banksters, as they do in Europe, either.
So, we are exposed to default, eventually. But I wouldn't bet on it. Argentina has payed Boden on april 2013 and the country has to face as much as U$S 4,000 m. this year. Central Bank reserves am. around U$S 40.000 m.-
What do you think Argentina will do when the US Courts order Bank of New York (Boden bond trustee) to pay Singer's vulture fund before it pays "Exchanged" bondholders?
Will it "default" and ignore Bank of New York and instead pay interest and principal in dollars in Buenos Aires?
I wouldn't bet on it.
Argentina cannot default on the loans she has already defaulted in 2001. It's kind of like financial "double jeopardy" to use a yankee court jargon.
When Argentina defaulted on around $100 billions in 2001 (which BTW was the result of the doings of "economic hitmen," IMF, WB, and their paid off cronies like Menem and Cavallo), the people of Argentina paid a heavy price personal and the country's credit ratings suffered. In 2005 and 2010, 93% of the bondholders accepted deals whereby they get paid on significantly reduced amounts, 65% haircuts if I remember correctly.
What the corrupt justice system of the US could do now is to stop Argentina from paying the 93% who took the restructured bonds! That is what the 7% vultures essential want the corrupt justice system of the US to render. Besides the financial double jeopardy analogy, it'd be like shooting one's foot . . . for the yankee bondholders that is.
Go ahead and make our day! We don't need the ponzi "credit" schemes of EEUU, IMF and WB!
http://www.youtube.com/watch?v=fSBMXsx1O6I
@ no2foreclosures and/or TNTARG:
I'm curious for your opinion on something: My suspicions were aroused when, shortly after CFK's re-election in 2011, she was diagnosed with cancer (a favoured assassination tool of the Khazarian Kleptokrats). This, to me, meant that she was seen as an immediate threat to the Khazarian Kabbalist Konspiracy. However, it could also mean that, like JFKennedy, she got into power because of her connections with them, then she failed to follow the pre-arranged script.
Any thoughts from an Argentine perspective? (Troll input from 'machineh' and 'samcontrol' will be ignored).
It is just not CFK.
It is Venezuela's Hugo Chavez, former Brazilian President Luiz Inácio Lula da Silva, current Brazilian President Dilma Rousseff, President Fernando Lugo who was overthrown by the yankee lapdogs in Paraguay, and Cuba's Fidel Castro whom the CIA has been trying to get rid of for how many decades?
Around the 1980s when that "cancer of an actor" or that "baboon of an actor," Ronald Reagan was elected, no popular Latin American president was safe from flying in an airplane. The sad joke was if they wanted to live, they better take the train.
Statistically and empirically, it would be safe to conclude that the "jackals" have graduated from airplane crashes to inflicting cancers.
BTW, from the level of vitriolic diatribes from the likes of machineh, samcontrol, yencross, etc., one would think that CFK like Chavez was some mass murderer like Mao or Stalin or Lenin, or that Argentina is North Korea.
Correct.
Thing is Latin American people seem to be more aware of this facts than most europeans/americans.
In fact, we even have popular songs about all this totalitarian shit.
Which is really amazing given that the private corporate mass indoctrinating media in ALL Latin American countries are controlled by the local 5-10% rich and aligned with the yankees and their "neoliberalism," "washington consensus," "invisible hand of the marketplace," "free markets," etc., etc., etc.
Here is an example of the latest attack on Argentina from the Buenos Aires Herald from a yankee on their payroll who lives in Charleston, South Carolina (one would think he be writing about the "dashed hopes and unfilled dreams" in his own fucking backyard):
http://www.buenosairesherald.com/article/130884/dashed-hopes-and-unfulfi...
Thank you both for your replies. It is as I thought (and I was aware of the others...and Steve Jobs, FYI). Good luck with attempting to rescue your countries from the Khazarian Kancer.
Thanks, i-dog.
They've been trying to take over all Latin American countries for decades. They even bombed some of our contries (i.e. Panama, also invaded in 1989), savage dictators were put into power over our population, our people has been kidnapped, tortured, their goods stolen, their kids taken away from them, its identities hidden (in Argentina, 106 now young people have been rescued from Abuelas de Plaza de Mayo organization: these are people kidnapped at the very moment they were born from their "desappeared", tortured mothers. Abuelas keeps searching, there are more of them out there). They murdered thousands of people, even kids, they've done all kind of atrocities to the latin american people. They've infiltrated almost all parties, and even so, parties were eventually divide between the traitors and the authentical affiliate. And in the end, traitor were and are always exposed.
Indeed, they couldn't overcome, they never put us on our knees.
Yes: they have their hands on some of our resources. No: they would never take our freedom away. We'll never surrender. If they want Latin America, they're gonna have to kill most of us latinamerican people. We know them, we know the many ways they work. Information, facts, are passed from one generation to another, it's taught in schools, universities, it's on the songs, tales, pictures, paintings, sculptures, is discussed in forums, social meetings, everywhere.
Hope people of Europe, the US, Canada, Australia, people of the World get to acknowledge that this sub-human specie is against us all. If that happens, Humanity could have an authentical Renaissance. Otherwise, in my opinion, we're gonna struggle to the very end.
argentina far more serious, funny.. It,s like planet of the apes....you just think you are normal.
If you morons ever had the power you would blow the world. You are brainwashed , i give up..andate a la puta q t..p
Insults are dismission sentences people use when running short of arguments.
The truth hurts (REAM ASS!)
dont be mentioning that she be related to jew don kirshner
cuz dat be rayciss an stuff.
Kirchner. Wasn't jew.
Badges??
This bitches balls are bigger than mine.
I wonder if and when the Argentinians will put this POS and her bankster handlers to the guillotine?! hujel
This is actually a great deal. Next year, citizens with no assets will be required to borrow at 12% to invest in 4% bonds or get a bullet between their eyes after being branded as unpatriotic roaders.
That's what they do to your governments, in the US, in the UE, just to buy currency.
This, instead, is a free country.
I'll tell you a story: in 2001, as "austerity" was to be forced further upon us by the same club who is running your country, the former president De La Rua announced "State of Emergency" (as in Boston a few weeks ago).
We kicked his ass out at the cost of 30 lives and 300 people wounded. Check it out.
If at any moment we would realize Cristina is in any way fucking us up, we'll kick her ass out too. We had enough with last US/UE sponsored dictatorship ended in 1983.
So far, most of us are just fine with her gvt.-
She couldn't in any way "force" us to do anything we don't agree with.
Hey that sounds better than having the IRS steal your money and hand it over to weapons dealers and the DHS.
kirchener is a nazi kunt.
Go to the IRS post, pal. See how fascism looks like.
By the way, it's "Kirchner".
no it's fucking K.
Buy Obammy care or go to prison .....