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Peak Stupidity: Argentina Fines Walmart For Violating "Fair Price" Pact, Urges Citizens To Denounce "Evil" Retailers

Tyler Durden's picture




 

We take certain liberties with this title: we realize that since one is dealing with human individuals, particularly human individuals stuck in an insolvent, soon to re-default nation, stupidity can never peak per se, as the next day will without doubt bring some peak-er instance of even more profound idiocy. However, at this particular moment, this may be it.

What happened is that on Friday, Argentina fined supermarket chains including Wal-Mart, the world’s largest retailer, and Carrefour for "failing to maintain adequate stocks of price-controlled goods." This happened after the country shocked everyone in late January by devaluing the peso by 18 percent, effectively wiping out the purchasing power of its population by the same amount and forcing a mad scramble by the population into retail outlets, such as Wal-Mart, where the people were desperate to convert their increasingly more worthless pieces of paper for tangible goods resulting in a "run on the Wal-Mart" and depleting store shelves of virtually all goods, price-controlled or otherwise.

Also, in a press conference on Friday, trade secretary Augusto Costa said that the government has opened 141 investigations from consumer complaints on pricing and shortage issues that would violate "fair price" agreement signed with state since Jan. 27.

In other words, it is not the government's fault that it has unleashed soaring inflation courtesy of yet another major currency devaluation, and in addition, quietly admitting several days later that it had been lying all along about its soaring rate of inflation over the past decade in order to keep the popular mood jovial (even though said population had every clue just what the true inflation rate of goods and services in Argentina was... the same as in the US).

No: it was Wal-Mart's grave error for not stockpiling enough key products which the population would scramble to procure upon this (and all future) instance of currency devaluation.

And so it must be punished. From Bloomberg:

Carrefour will be fined 1.3 million pesos ($166,462) and Wal-Mart was ordered to pay 604,000 pesos for violations detected through complaints by consumers, Trade Secretary Augusto Costa said at a news conference today in Buenos Aires. The other companies were Chilean retailer Cencosud SA’s local unit, Vea, Spanish supermarket chain Dia SA and local companies Coto and Chango Mas.

 

The goal isn’t to hand out fines, it’s to comply with the price agreement on 194 basic goods,” Costa said. “But if there are violations we’ll continue to implement the law.”

Actually, the goal is to hand out fines, considering the "law" is about the dumbest thing one could conceive. And remember: price controls in insolvent socialist paradises always work (at this point Venezuela now, and soon France, and the US are free to chime in):

The Argentine government has moved to control price increases after President Cristina Fernandez de Kirchner let the peso tumble the most since 2002 in January to stem a fall in international reserves and make the South American nation’s exports more competitive. Consumer prices rose 3.7 percent in January from a month earlier, the government said in its first measure of a national inflation index. That would be the highest monthly figure in more than a decade, based on the Greater Buenos Aires index, which was the previous gauge.

You mean to say that when inflation is "suddenly" revealed to be borderline flirting with the "hyper-" prefix, that people will rush to empty out one and all retailers of whatever goods are in inventory? Unpossible.

But while all of the above in itself is certainly grounds for today's instance of "peak stupidity", what really takes the cake is the following:

Fernandez has called on Argentines to use consumer hotlines to denounce retailers that charge excessive prices or fail to properly stock shelves.

At this point it is unclear who is spinning faster in their grave: Lenin, Goebbels or Joe McCarthy.

 

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Sun, 02/16/2014 - 21:31 | 4443543 Seasmoke
Seasmoke's picture

things are getting really Messi

Sun, 02/16/2014 - 21:32 | 4443553 fonestar
fonestar's picture

Argentina should move to Bitcoin, rename their country Bitentina.

Sun, 02/16/2014 - 21:37 | 4443568 BandGap
BandGap's picture

I gave you an up arrow and renamed you stonefart.

Sun, 02/16/2014 - 21:40 | 4443583 LetThemEatRand
LetThemEatRand's picture

And here I've been thinking his real name is afronets or nosefart.

Sun, 02/16/2014 - 21:41 | 4443586 fonestar
fonestar's picture

Go away Rand.

Sun, 02/16/2014 - 21:44 | 4443601 LetThemEatRand
LetThemEatRand's picture

Oh, touchy tonight.  Upset with the collapse in Bitcoin prices lately right after you told us it's going to the moon?  Or just upset because I know you are a ChinaBot?  So many questions, so few answers from you.

Sun, 02/16/2014 - 21:47 | 4443609 fonestar
fonestar's picture

When did fonestar ever say Bitcoin was going straight to the moon? 

fonestar likes the spikey-crashy thing, it scares the pussies out.

Sun, 02/16/2014 - 21:48 | 4443617 ZerOhead
ZerOhead's picture

The moon is exactly where Obitcoin belongs...

Sun, 02/16/2014 - 21:54 | 4443619 dryam
dryam's picture

Have you ever rolled a coin in one of the cyclinder things at museums and such?  The coin gets moving very quickly as it gets close to the center just prior to it falling through the bottom.

 

Edit:  my comment is regarding Argentina, not shitcoin.

Sun, 02/16/2014 - 22:06 | 4443677 max2205
max2205's picture

They have better looking customers than US Walmarts

Sun, 02/16/2014 - 22:13 | 4443704 DoChenRollingBearing
DoChenRollingBearing's picture

Ha ha.  But, that's a pretty low bar to jump over...

Sun, 02/16/2014 - 22:23 | 4443745 economics9698
economics9698's picture

That 93 IQ thing gets old after awhile.

Mon, 02/17/2014 - 01:07 | 4444220 Theosebes Goodfellow
Theosebes Goodfellow's picture

~"That 93 IQ thing gets old after awhile."~

 

What Ron White said applies to Fernandez de Kirchner as well, to wit:

You can't fix stupid.

 

Mon, 02/17/2014 - 01:53 | 4444274 StychoKiller
StychoKiller's picture

Fernandez has called on Argentines to use consumer hotlines to denounce retailers that charge excessive prices or fail to properly stock shelves.

Unfortunately, there's probably a large contingent of Idjuts that think doing so is gonna be in their interests...

Mon, 02/17/2014 - 02:16 | 4444296 philipat
philipat's picture

Show us your Tits, Madame President??

Mon, 02/17/2014 - 04:40 | 4444442 The Vineyard
The Vineyard's picture

I also believe in punishing evil retailers.  Bitches.

Mon, 02/17/2014 - 14:36 | 4445257 Transformer
Transformer's picture

This is right out of Atlas Shrugged.

 

Sun, 02/16/2014 - 22:24 | 4443751 ACP
ACP's picture

Literally, since half the customers are 4 1/2 foot tall illegals.

Mon, 02/17/2014 - 00:32 | 4444151 tickhound
tickhound's picture

Yeah cuz my shit sandwich tastes better than yours and you look funny...

Now if we can set policy to this and call the above our mission statement. Lol

Ya just gotta love this new Tyler too..

"We take certain liberties with this title: we realize that since one is dealing with human individuals, particularly human individuals stuck in an insolvent, soon to re-default nation, stupidity can never peak per se, as the next day will without doubt bring some peak-er instance of even more profound idiocy. However, at this particular moment, this may be it."

Case and point.

AS IF, WE aren't insolvent, haven't "defaulted" (per se ed norton LOL), our policy isn't pure IDIOCY, dollar hegemony isn't the creator of SYMPTOMS...

I mean for GAWDS sake are we to SUPPORT our BENEVOLENT retailors??? Ed? Remember those entities that pimp market and advertise for us to buy the most amount of shit with the most amount of credit in the shortest amount of time?

Fucking ed norton... All over again the apologist for excessive consumption.

Well done.

Sun, 02/16/2014 - 21:50 | 4443624 fonestar
fonestar's picture

Well if you mean the Bitcoiners should populate other planets leaving the dullards behind on a smog infested planet, then yes.

Sun, 02/16/2014 - 21:52 | 4443634 LetThemEatRand
LetThemEatRand's picture

There's a lot of smog in China.  Not so much in Canada where you say you live.   Funny you would mention smog.  

Sun, 02/16/2014 - 21:54 | 4443643 fonestar
fonestar's picture

In fonestar's area it's called wood smoke.

Sun, 02/16/2014 - 21:58 | 4443645 LetThemEatRand
LetThemEatRand's picture

Lame attempt to recover.  Yeah, everyone knows Canadians are constantly bitching about wood smoke smog.   And that the Chinese are not having to stay indoors because smog is a major daily problem that may cause a Chinese citizen to mention smog as the number one problem on the planet.

Sun, 02/16/2014 - 22:56 | 4443867 Lore
Lore's picture

Please don't pin fonestar on Canada. We have our fair share of lib-tard left-coast fuckheads, but nobody's that lame, even among the basement dwellers.

Sun, 02/16/2014 - 21:59 | 4443659 nmewn
nmewn's picture

No, its virtual wood smoke.

Sun, 02/16/2014 - 22:51 | 4443851 graneros
graneros's picture

Good ole Bitsmoke.

Sun, 02/16/2014 - 23:32 | 4443997 ThroxxOfVron
ThroxxOfVron's picture

"Throw it on the fire"

 

http://www.youtube.com/watch?v=N-gvjxW34BA

Mon, 02/17/2014 - 00:07 | 4444098 fonestar
fonestar's picture

That's a great idea actually, fonestar needs something to sell at his new site fonestar.bit .... maybe Hickory flavoured Bitcoins?

Mon, 02/17/2014 - 08:31 | 4444590 JustUsChickensHere
JustUsChickensHere's picture

Not much to see on your fonestar.bit web site - it just says it is 'parked' at dotbit.me   ... has some domain squatter grabbed your domain ;-)

Sun, 02/16/2014 - 21:56 | 4443641 ZerOhead
ZerOhead's picture

Now for anything above the ionosphere you're clearly talking Orbitcoin...

Sun, 02/16/2014 - 22:19 | 4443720 logicalman
logicalman's picture

OK idea, but how would they pay for it?

 

Sun, 02/16/2014 - 22:22 | 4443733 hmmtellmemore
hmmtellmemore's picture

@fonestar So, I take it that moronic 1-track stackers (who probably can't afford to stack 2 silver dimes) are singling you out as a bitcoin supporter?  I hope they count me in that group as well.  This June/July will make a lot of them cry a little bit when the btc prices top out again.

Mon, 02/17/2014 - 00:10 | 4444103 fonestar
fonestar's picture

Yes.... the next big rally should take us into $3000+ area (followed by another 50% drop). 

The spikey-crashey thing is the fountain of virtual life.

Sun, 02/16/2014 - 22:27 | 4443758 Meat Hammer
Meat Hammer's picture

Don't feed the fonestar.

Sun, 02/16/2014 - 22:43 | 4443820 fonestar
fonestar's picture

feed the fonestar.  He needs junk for his statue of Satoshi.

Mon, 02/17/2014 - 14:01 | 4445155 RaceToTheBottom
RaceToTheBottom's picture

The NSA has already built a statue of Satoshi

Sun, 02/16/2014 - 21:59 | 4443661 satoshi411
satoshi411's picture

India Bot fights China Bot, ... precious.

Dialectical materialism all bought and paid for by Goldman-Sach's for our entertainment.

*

Well BTC is going to where it belongs ( near zero ), but given the that exchanges control price, and there is no exit ( can't get your money back ), I expected this thing to deflate as such, ... slow death.

No foney, many times you told us that BTC would go to a million just like all the other BTC Ho's.

I still ask, but never get an answer "How many million BTC's does Ron Paul have to date?", Did he get 'out', or is he too sitting and watching a falling knife?

 

Sun, 02/16/2014 - 22:46 | 4443831 Calmyourself
Calmyourself's picture

For those of us with a history Rand you're the bot with ever changing positions.

Sun, 02/16/2014 - 21:48 | 4443615 pods
pods's picture

Well LTER at least brings an argument. You bring neither humor nor argument.

pods

Mon, 02/17/2014 - 14:16 | 4445190 silverserfer
silverserfer's picture

fonestar- shit you bring back from a weekend in vegas. Awe shit I got a fonestar in my d!@k!

Sun, 02/16/2014 - 21:52 | 4443637 johnQpublic
johnQpublic's picture

how long before the businesses just bail out and leave?

most businesses, government and amazon aside, are FOR profit

Sun, 02/16/2014 - 23:42 | 4444031 Fish Gone Bad
Fish Gone Bad's picture

how long before the businesses just bail out and leave?

That is a good question.  Since Argentina has blown up a few times before, and retailers came back, my guess is they shutter the box stores and just wait for things to run their course.  Since Argentina is really in a bind, I would think Walmart would play hardball.

Sun, 02/16/2014 - 23:25 | 4443967 ThroxxOfVron
ThroxxOfVron's picture

"Go away Rand."

No.  I wanna keep him around for the laughs.

He's really deeply conflicted and watching him self-destruct or come slouching to Jesus is going to be glorious to behold...

Sun, 02/16/2014 - 21:47 | 4443607 DoChenRollingBearing
DoChenRollingBearing's picture

Anyone going to Argentina please consider taking down an oz or two of gold and report back to us how much you get for it.

 

***

Bitcoin is gaining popularity rapidissimo in Argentina.

Sun, 02/16/2014 - 21:49 | 4443620 pods
pods's picture

Talk about a capital crime!  Argentina will allow nothing to get in the way of the fairytale.

pods

 

Sun, 02/16/2014 - 22:04 | 4443673 DoChenRollingBearing
DoChenRollingBearing's picture

And it looks like BTC is catching on in Colombia too:

http://www.reddit.com/r/Bitcoin/comments/1y3qzm/if_you_guys_are_still_in...

Mon, 02/17/2014 - 01:39 | 4444265 Urban Roman
Urban Roman's picture

How's it doing in Peru?

Sun, 02/16/2014 - 21:53 | 4443639 disabledvet
disabledvet's picture

gold? i'm showing up with a bottle of booze (Johnnie Walker?) and a carton of Marlboro Reds and a PARTY!

Sun, 02/16/2014 - 22:11 | 4443694 DoChenRollingBearing
DoChenRollingBearing's picture

A few years ago we were in Argentina on a visit.  Two of us had a great steak and split a bottle of a very nice Cab/Malbec wine for about $20.  Might even be cheaper now.

***

The reason I am curious about demand gold down there is wondering if you might be able to pay for the trip with a little "physical arbitrage", something that rich Argentines might be interested in...

Sun, 02/16/2014 - 23:00 | 4443897 Lore
Lore's picture

Don't be in a hurry. The longer you wait, the further your forex will stretch.  Let the stupid collectivists squirm for a while.

Sun, 02/16/2014 - 21:58 | 4443657 johny2
johny2's picture

for the moment, name of the game is taking usd to argentina and enjoying local products.

 

by the way Mr Tyler, Argentina is trying to break free from the clutches of the big banking cartel. It will certainly be brought down, like many other before them. But those who try are worthy of respect, especially if they do it peacefully.

Mon, 02/17/2014 - 01:59 | 4444280 StychoKiller
StychoKiller's picture

Meh, if they were really trying to break free, they'd back their currency with PMs, and stop printing so much of it.  Kirchner is doing what socialists before her in Argentina have done:  HIT that CTRL-P!

Mon, 02/17/2014 - 11:21 | 4444823 johny2
johny2's picture

They are trying much more than their american counterparts. Talking about most corrupt nation in the world, one that serves as the army base tops the list.

 

ZH on the side of the bankers.

Sun, 02/16/2014 - 23:24 | 4443966 Kirk2NCC1701
Kirk2NCC1701's picture

@BandGap: "I gave you an up arrow and renamed you stonefart."

Not to digress from the Article's topic, but that was actually funny+witty.  Clearly BandGap went from an  S level to an F level.  Insider physics joke (s,p,d,f).

Mon, 02/17/2014 - 06:51 | 4444500 Tall Tom
Tall Tom's picture

That is a whole lot of excitement.

Sun, 02/16/2014 - 21:40 | 4443584 deflator
deflator's picture

or, get off the fiat addiction and back their currency with silver?

Sun, 02/16/2014 - 21:42 | 4443591 fonestar
fonestar's picture

Nobody will do that because all the sheeple want the magical government promises that come along with their funny money.

Sun, 02/16/2014 - 21:42 | 4443592 Johnny Cocknballs
Johnny Cocknballs's picture

Bitcoin = NSA = BIS.

You heard it here fourth.

Sun, 02/16/2014 - 21:44 | 4443604 fonestar
fonestar's picture

You're a complete idiot if you believe TPTB would ever voluntarily threaten their control of the money supply.

Sun, 02/16/2014 - 21:58 | 4443653 RideTheWalrus
RideTheWalrus's picture

They aren't threatened, they are playing in a sandpit.

 

Mon, 02/17/2014 - 03:49 | 4444396 Johnny Cocknballs
Johnny Cocknballs's picture

You're rather obtuse if you think bitcoin threatens "TPTB" as to controlling the supply of currency  [it's not 'money,' numbnuts, it is fiat].

You talk like a guy who thinks the dollar and euro are gonna last forever.

You certainly talk like a guy who think btc is "safe" from manipulation and exploitation from a handful of intelligence agencies, or indeed large baks with endless money to spend. 

That doesn't mean you can't make money off it, too, of course, but for fuck's sake, stop being such a naive little cunt.

 

 

Mon, 02/17/2014 - 07:29 | 4444527 drendebe10
drendebe10's picture

And all the while giving tge arrogant narcissistic lying illegal alien kenyan muslim sociopath more idea for its playbook to use in Amerika. 

Sun, 02/16/2014 - 21:31 | 4443544 Johnny Cocknballs
Johnny Cocknballs's picture

They could always tell Walmart they couldn't sell there at all.

Would you like that better?

Sun, 02/16/2014 - 21:33 | 4443550 Tinky
Tinky's picture

Well, to be fair, Walmart is evil

Sun, 02/16/2014 - 21:38 | 4443574 LetThemEatRand
LetThemEatRand's picture

This is one of those "snake or alligator" articles.  I don't care who wins.  I hope they both choke on each other.  

Sun, 02/16/2014 - 21:59 | 4443627 ZerOhead
ZerOhead's picture

604,000 pesos... what's that... like $80,000 bucks or something?

Jamie and Llyod don't even bother to bribe the regulators for any fine under a hundred mil...

Sun, 02/16/2014 - 22:00 | 4443665 RideTheWalrus
RideTheWalrus's picture

That's walking around wallet money for a Walton.

Sun, 02/16/2014 - 22:45 | 4443828 JLee2027
JLee2027's picture

Delay payment of the fine for a few months and maybe 604,000 pesos won't buy a loaf of bread. 

Sun, 02/16/2014 - 21:43 | 4443598 El Vaquero
El Vaquero's picture

I do agree, but if I were Walmart, I would tell Argentina to go fuck itself and just up and close the stores. 

Sun, 02/16/2014 - 21:50 | 4443623 DoChenRollingBearing
DoChenRollingBearing's picture

Yeah, me too.  But, large companies can deal with difficult situations better than small investors can.

Mon, 02/17/2014 - 00:27 | 4444138 effendi
effendi's picture

To close all the stores would be expensive. Why don't those 5 or 6 retailers that were fined get together and close down all their stores in just one district. They could even spin it that they were diverting the goods to restock shelves in other districts.

Then that districts people would press the government to provide their needs. The government would quickly realize that they need those retailers more than the retailers need Argentina. 

Mon, 02/17/2014 - 06:55 | 4444504 Tall Tom
Tall Tom's picture

Come on. After the layoffs it will be a riot.

 

Pass the popcorn...

Sun, 02/16/2014 - 22:10 | 4443692 LetThemEatRand
LetThemEatRand's picture

Walmart plays both Teams, just like the banks and other multinational corporations.  GS was the number one donor to Obama and number two to Romney (behind a consortium of companies who hid behind a PAC).

Sun, 02/16/2014 - 22:20 | 4443711 LMAOLORI
LMAOLORI's picture

 

 

Well it's your blue team who is in power and has been for some time and I point that out because you are sooo quick to throw in your worthless two cents.  No where in that post did I say anything about what teams Walmart plays for but along comes rand to attempt to rescue his blue teams dirty reputation.

Sun, 02/16/2014 - 22:56 | 4443868 LetThemEatRand
LetThemEatRand's picture

Perhaps I missed the point of your post.  So you're pissed because Walmart is supporting either Team in order to garner political favor?  Somehow I don't think a person able to draw breath and use a keyboard could have believed that.  Which means you're okay with Walmart giving to the Red Team but don't like that it also gives to the Blue.  It's okay.  Team loyalty dies hard.

Sun, 02/16/2014 - 22:30 | 4443770 orez65
orez65's picture

What's the problem with you guys and Walmart??!!!

I just bought an iPad there for $299.00. The same iPad that you pay $350 plus at any other store.

Their "Great Value" products are as good or better than name brands.

Their stores are clean.

People on food stamps buy there because they get better value.

I know several people that work there and they are respected and paid well above the minimum wage plus benefits.

Just go to US Post Office if you want to get aggravated.

Get a life, leave Walmart alone.

Mon, 02/17/2014 - 02:58 | 4444334 epicurious
epicurious's picture

@ O-65  

 

You're kidding of course.  Walmart led the charge to export US jobs to China.  They were one of originators of that off shore sourcing model.  Resulting in the loss of not only our industrial employment, but also squeezing out small business retailers.  Wise up dude!

Tue, 02/18/2014 - 06:15 | 4447282 Ar-Pharazôn
Ar-Pharazôn's picture

is Walmart building Ipads or it's Apple?

Apple & Co. exported the jobs. Walmart just made a profit from companies who were exporting jobs

 

Sun, 02/16/2014 - 21:33 | 4443555 Leveraged Algorithm
Leveraged Algorithm's picture

You didn't build that!

Mon, 02/17/2014 - 07:36 | 4444532 drendebe10
drendebe10's picture

If u like ur Wal-Mart, u can keep ur Wal-Mart. 

Sun, 02/16/2014 - 21:34 | 4443557 HyBrasilian
HyBrasilian's picture

Fernandez has called on Argentines to use consumer hotlines to denounce retailers that charge excessive prices or fail to properly stock shelves.

 

My name PEGGY ~ U got problem?

Sun, 02/16/2014 - 22:17 | 4443573 nmewn
nmewn's picture

Argentine O'Navigators.

////////

I've managed to piss off socialists on three continents tonight and the nights still young ;-)

Sun, 02/16/2014 - 22:56 | 4443877 LMAOLORI
LMAOLORI's picture

 

 

Get back to work!

 

:)

Sun, 02/16/2014 - 21:45 | 4443605 El Vaquero
El Vaquero's picture

I wonder if Argentina outsourced the call centers for the hotline to India. 

Sun, 02/16/2014 - 21:37 | 4443567 wackydog
wackydog's picture

Walmart might decide it's not worth it.

Sun, 02/16/2014 - 21:38 | 4443576 Stockmonger
Stockmonger's picture

Paul Krugman is spinning fastest in his grave.

Sun, 02/16/2014 - 22:38 | 4443798 Crisismode
Crisismode's picture

 

 

Paul Krugman is in his grave??!!??!

 

Whooo Hoooo!

 

 

Mon, 02/17/2014 - 07:19 | 4444515 negative rates
negative rates's picture

Be careful not to give yourself away, I heard that shout across my lake.

Sun, 02/16/2014 - 22:43 | 4443805 JLee2027
JLee2027's picture

Nope still alive. GOD has a sense of humor - he won't let Krugman die until he personally sees the total collapse of his economic ramblings. He'll probably be found dead in some cheap motel, clutching his nobel prize.

Sun, 02/16/2014 - 21:39 | 4443577 BandGap
BandGap's picture

I think Argentina could use an aircraft carrier.

Wonder if nail guns are one of those 194 items they shouldn't run out of. I hope so.

Sun, 02/16/2014 - 21:39 | 4443579 The Duke of New...
The Duke of New York A No.1's picture

Stop blaming others for the mistakes your country has been making for the past 150 years and remonitize Silver you Mutts.

Sun, 02/16/2014 - 21:40 | 4443581 Iam_Silverman
Iam_Silverman's picture

Maybe if the government were to take over the retail sector, things would improve?  I am sure that there are still some old-time Soviet apparatchiks that would be willing to lend a hand to her.  When you take profit out of the picture, what is left to blame?

Sun, 02/16/2014 - 21:51 | 4443629 pods
pods's picture

As the fair lady has shown, they will never run out of things to blame.

pods

Sun, 02/16/2014 - 21:51 | 4443630 DoChenRollingBearing
DoChenRollingBearing's picture

Cristina and Maduro can teach each other lessons...

Sun, 02/16/2014 - 22:14 | 4443707 El Vaquero
El Vaquero's picture

If by teach each other lessons, you mean give each other Hot Carls, then sure.

Sun, 02/16/2014 - 21:40 | 4443582 skwid vacuous
skwid vacuous's picture

i thought south 'merkan chiks were relatively hot, how did they get  prez who looks like Lily Munster + 40 pounds

Sun, 02/16/2014 - 21:40 | 4443585 stant
stant's picture

then they must be fined here in the us for failing to stock 22lr. its a outrage i say!

Sun, 02/16/2014 - 21:42 | 4443590 Cornholiovanderbilt
Cornholiovanderbilt's picture

Only person to do more damage to argentina than this slut is her husband! Argentina has been a tragedy through so many generations now.  when will it end??????!!!!!!!!!!

Sun, 02/16/2014 - 21:46 | 4443596 ebworthen
ebworthen's picture

Reminds me of being told I have to buy healthcare insurance that isn't really insurance nor related to my health, or be punished by .gov.

Sun, 02/16/2014 - 22:23 | 4443747 logicalman
logicalman's picture

You are punished by .gov as long as you draw breath.

Healthcare, like all other aspects of life should be a personal choice.

You choose - You live with the consequences of your choices.

Not too complicated, really.

Once, you didn't exist. Soon, you won't exist.

The trick is enjoying the ride.

 

Mon, 02/17/2014 - 07:07 | 4444512 kurt
kurt's picture

Pay $800 a month and its not rent, mortgage, or food.

Pay $800 a month BEFORE they do anything, and more if they do.

Statistically, get sicker and die if you use their services or take their drugs.

Has anybody questioned WHY it costs so much? How many pigs are lining up at this trough?

Who made the medical system an untouchable priestly class? 

 

 

Sun, 02/16/2014 - 21:43 | 4443597 logicalman
logicalman's picture

I think the US would have been in worse shape long ago if it wasn't for the dollar being the world's reserve currency.

 

Mon, 02/17/2014 - 00:53 | 4444195 Bastiat
Bastiat's picture

Looked at another way, if the dollar were not the reserve currency we would not have been tricked into such a catastrophic position.

Sun, 02/16/2014 - 21:44 | 4443599 Abrick
Abrick's picture

So if the bankers, and parasitic crypto-government welfare 'job creators' reduce your purchasing power, all good. Government actually doing its job as referee between the haves and have nots, we can't have that, can we? The prices on 194 basic goods are arbitrarily controlled by an interested party that at least has some accountability. I'm sure the Walton clan will be alright, even with the fine.

Sun, 02/16/2014 - 22:02 | 4443671 Dr. Engali
Dr. Engali's picture

The government isn't trying to act as a need go-between. They're doing what governments do, which is trying to preserve themselves. Price controls always lead to shortages. They are the final act of a desperate government and self-preservation mode.

Sun, 02/16/2014 - 22:17 | 4443712 Dollarmedes
Dollarmedes's picture

People are always issuing calls for calm and such.

And although I can't apply this sentiment to America

(for obvious reasons)

I want to see Kirchner's head on a spit by the end of this year.

That would bring a smile to my face.

(and yes, I'm an inhumane monster for thinking it)

Sun, 02/16/2014 - 22:23 | 4443741 Dollarmedes
Dollarmedes's picture

There is currently no accoutability for the Argentinian government. NONE. And the government isn't acting as "referee" between the haves and have-nots so much as a participant in the looting.

I hope the entire Argentinian government is massacred in VERY violent fashion. ESPECIALLY Kirchner.

Sun, 02/16/2014 - 21:46 | 4443608 steveo77
steveo77's picture

I made a partial list of "lies of nuke" and got this comment on my blog, HILARIOUS!

AnonymousFebruary 16, 2014 at 2:09 PM
You are demented and delusional. The list is a sign of someone with little training in nuclear engineering and science.

Striking to the heart of the nukers, here is the list, add to it!!!

http://nukeprofessional.blogspot.com/2014/02/classic-one-liner-lies-of-nuke.html?showComment=1392600980458#c3060083523224222291

Sun, 02/16/2014 - 21:46 | 4443610 surf0766
surf0766's picture

Walmart. Don't stock their shelves. Close you stores and leave that shithole.

Sun, 02/16/2014 - 21:46 | 4443611 mess nonster
mess nonster's picture

Argentina. Home of economic misrule since... well, how about 1932?

Sun, 02/16/2014 - 21:53 | 4443638 One And Only
One And Only's picture

What's better...

i. the government setting fair prices; ii. the government setting fair wages

It's really the same shit in a different toilet - and to you Obama

Sun, 02/16/2014 - 21:53 | 4443640 all-priced-in
all-priced-in's picture

Walmart doesn't have a pen and phone?

 

 

Sun, 02/16/2014 - 21:54 | 4443646 ejhickey
ejhickey's picture

Walmart deserves whatever it gets from the argentine government because it is stupid enough to do business there.

Sun, 02/16/2014 - 22:02 | 4443670 nmewn
nmewn's picture

Well there's always that...lol...plus one ;-)

Sun, 02/16/2014 - 21:59 | 4443660 Seize Mars
Seize Mars's picture

Holy shit, these assholes are right on script. Kirchner for the boring, predictable motherfuckingWin.

Sun, 02/16/2014 - 22:05 | 4443676 Spungo
Spungo's picture

Does Argentina have a lot of cocaine? That would explain much of this confusion.

Sun, 02/16/2014 - 22:06 | 4443678 Fight-Club
Fight-Club's picture

Populist governments destroy supply and blame all the problems they create on suppliers.  They give away things and print money to buy votes to keep them in power.  As the country slips into 3rd world poverty.  And in South America, Venezuela and Bolivia support each others populist agenda.  Its taking the low road, not the high road of providing a stable, low tax economy, and being respectful of others property and savings.  Its a sham.  Its a shame.  The government is to blame.  A pitiful rhyme for which I beg your pardon. 

Mon, 02/17/2014 - 07:47 | 4444540 drendebe10
drendebe10's picture

Sounds like the Amerika envisioned by yhe arrogant lying narcissistic illegal alien kenyan muslim sociopath who lives the grand imperial golf lifestyle w its 17000 dress wearing wookie. 

Mon, 02/17/2014 - 14:36 | 4445255 RaceToTheBottom
RaceToTheBottom's picture

Let it all out.  Breath deeply and let it all out....

Sun, 02/16/2014 - 22:06 | 4443679 Fight-Club
Fight-Club's picture

Populist governments destroy supply and blame all the problems they create on suppliers.  They give away things and print money to buy votes to keep them in power.  As the country slips into 3rd world poverty.  And in South America, Venezuela and Bolivia support each others populist agenda.  Its taking the low road, not the high road of providing a stable, low tax economy, and being respectful of others property and savings.  Its a sham.  Its a shame.  The government is to blame.  A pitiful rhyme for which I beg your pardon. 

Mon, 02/17/2014 - 10:17 | 4444718 Accounting101
Accounting101's picture

Listen, you are the problem. You're economic illiteracy supports more of the same. Using the Titanic analogy, you are arguing about the music the band is playing while the ship is breaking in two and sinking to the bottom of the ocean. Throwing around words like "populists" or " progressives" is extremely shallow and unproductive.

The Oligarchs appreciate the work you do for them.

Sun, 02/16/2014 - 22:11 | 4443693 Dollarmedes
Dollarmedes's picture

I hope you meant that as a compliment to Joe McCarthy. He was right, after all.

Sun, 02/16/2014 - 22:12 | 4443696 Hengist
Hengist's picture

I think President Cristina Fernandez de Kirchner's unibrow is so sexy, and the Falklands are British.

 

Sun, 02/16/2014 - 22:12 | 4443697 Yen Cross
Yen Cross's picture

  D. Murray did something bigger than him self!   tHAT PERSON HAS AN PLACE IN HEAVEn  > reserved !

Sun, 02/16/2014 - 22:14 | 4443708 El Vaquero
El Vaquero's picture

Serial junkers suck cock by choice.

Sun, 02/16/2014 - 22:20 | 4443725 robertocarlos
robertocarlos's picture

Go easy on Walmart. The head of the Walton family died the other day.

Sun, 02/16/2014 - 22:59 | 4443890 ebworthen
ebworthen's picture

"Goodnight John-boy".

Actor Ralph Waite, John-boy's Dad on the T.V. show, R.I.P.

Those Arkansas Waltons can suck eggs and drink vinegar from thimbles for all I care.

Mon, 02/17/2014 - 06:58 | 4444508 kurt
kurt's picture

Did all that money help him when his dick shrivelled, got pumped full of formaldehide, and dumped in a hole?

Sun, 02/16/2014 - 22:21 | 4443730 chump666
chump666's picture

"It is a truism that almost any sect, cult, or religion will legislate its creed into law if it acquires  the political power to do so, and will follow it by suppressing opposition, subverting all education to seize early the minds of the young, and by killing, locking up, or driving underground all heretics.  This is equally true whether the faith is Communism or Holy-Rollerism; indeed it is the bounden duty of the faithful to do so.  The custodians of the True Faith cannot logically admit tolerance of heresy to be a virtue."

Robert A. Heinlein


Sun, 02/16/2014 - 22:42 | 4443816 chump666
chump666's picture

A Heinlein quote gets down arrowed!!  Pftt f*cking commies and theocratic crazies.  Go live with "Vlad" (Putin).

Mon, 02/17/2014 - 06:56 | 4444507 kurt
kurt's picture

hmmm shitzophrenia i zuzpect

Sun, 02/16/2014 - 22:22 | 4443734 fijisailor
fijisailor's picture

A new screen door made in China.  La puerta bagina

http://www.youtube.com/watch?v=g9RYtQ2XA9k&feature=youtu.be

Sun, 02/16/2014 - 22:45 | 4443769 4 wheel drift
4 wheel drift's picture

here is the deal.....

argentineans are a bunch of snobs....   for  LONG while they actually believed they belonged to the first world....  then they elected peron, following that...  they chose evita....    both DUMB choices....    then they had the junta....  and decided to take on thatcher....  -lol we know the result...  

then they had menen and all jobs went  to brasil....   and thought the peso was as good as the dollar.....   -LOL  ---> dumb and dumber ?

then kirchrner... and now this witch.......  (his wife)

argentina is actually a very rich country....  (as many other latinamerican countries are) YET......  the problem is....   each country has an elite that pushes opportunity out....  and they become de facto tyrannies of the powerful and rich.....  (destroying the middle classes)  the result is....  these egomaniacs believe they are gods and can rule with impunity.....   for a while they get hold of the populists (who can be "managed" at will....)....  but then....  these populist neanderthals realize they actually hold the power of the vote by the unwashed......    and then ....  they begin to actually rule...  with the idea that..... in the altar of 'equality and distribution of wealth'  they begin to exchange votes for promises of free $hit..... -a long proven FAILED policy- yet for the unwashed...   it sounds GREAT therefore it works on the short term to get votes.....   mean time it destroys the real productivity and kills productive spirit....

but the real problem is......   the fucking people keep on electing these imbeciles......    who is then to blame ?

do we see a parallel with clinton then obozo....   ?  oh and yes... the repugnicans and extreme conservatives keep on hoping baby jesus will show up as a reganite and sweep the country as regan did.....  saving the day.....   

so who is the real dumb and dumber.....

i will be out'a here soon.....   and therefore... i don't give a shit.....  anymore.....

things you own..... end up owning YOU....

buncha bullshit

 

FTS....    (fuck this shit)

 

p.s.    definition of an argentinean.....    an italian who speaks spanish, thinks he is german, and behaves like a frenchman...  secretly he is convinced he is english....  while he admires the american (former) enterpreneurship....   he idolizes the bureaucracy of a senegalese......    he dreams to win the soccer world cup as brazilians do, yet, they play with the inneficacies of a central american banana republic.....  a lost cause as a drug adddicted adolescent whose parents were extremely rich.....  indeed a lost cause.....   and apparently, the blue print to other formerly rich nations....

Sun, 02/16/2014 - 22:31 | 4443773 Debt Slave
Debt Slave's picture

Lessee... Wreck the currency, then blame Walmart.

Can't make this stuff up.

Sun, 02/16/2014 - 22:34 | 4443783 fijisailor
fijisailor's picture

Argentina is like the Titanic.  The ship has sunk.  The good looking young guy died and the bitch lives forever.

Sun, 02/16/2014 - 22:41 | 4443807 muleskinner
muleskinner's picture

Silver in Spanish is plata, not argent.

These things happen when you don't have a sound monetary system.

If you have silver and gold minted coins, the insanity more or less stops.

The treasure you are looking for, nothing else.

A lot of talent out there in this world, might as well make it a better world.

http://www.youtube.com/watch?v=oF5bz61SJu4

Sun, 02/16/2014 - 22:42 | 4443808 AdvancingTime
AdvancingTime's picture

When money begins to pursue a product or good and the price begins to rise those holding that item tend to lose the incentive to make a fast sale. In reaction more money may be pulled out of the closet, and the many places it has been put to buy things before the next price jump. This "more money" constitutes an increase in supply.

If this happens at the same time items are being held back or removed from retail shelves for better prices which "lessens supplies" things can really get interesting fast. This helps explain why hyperinflation is so drastic. More on how inflation can effect supply and demand in the post below,

http://brucewilds.blogspot.com/2014/02/inflation-can-effect-supply-and-d...

Sun, 02/16/2014 - 22:57 | 4443878 OC Sure
OC Sure's picture

Walmart can afford to leave Argentina, but can Argentina afford to see Walmart leave?

Could Walmart just buy Argentina and become the first nation in history to raise a Corporate flag as a country?

A flag founded upon profit driven creation of values instead of brute force?

Mon, 02/17/2014 - 11:59 | 4444888 logicalman
logicalman's picture

The flag of the US is already the flag of a corporation, so Arg would not be the first.

Not the only one, either.

Mon, 02/17/2014 - 15:34 | 4445401 killieboy
killieboy's picture

Or they could invade like Tesco invaded Denmark:

http://www.youtube.com/watch?v=0PSyiRXIEyc

Sun, 02/16/2014 - 22:57 | 4443881 q99x2
q99x2's picture

Argentina should save its citizens the trouble of carting that Chinese junk to the dumps and convert the Walmarts into dumps. Just leave the junk on the shelves and add more refuse as a public service.

Sun, 02/16/2014 - 23:26 | 4443971 ebworthen
ebworthen's picture

Yeah, could not believe all the plastic crap from China in WalMart this year for the holidays.

"Duck Dynasty" everything, worthless junk, surprised they didn't have Michelle Obama Wookie hair pieces - complete with toxin infused plastic and radioactive metal springs.

Sun, 02/16/2014 - 23:11 | 4443929 Quaderratic Probing
Quaderratic Probing's picture

I thought the point of government everywhere was to give unemployable retards a job

Sun, 02/16/2014 - 23:44 | 4444042 ThroxxOfVron
ThroxxOfVron's picture

Government: "Sell products that You do not possess, at a loss; or We take all the money out of the cash registers!"

Business: "?"

 

( the money is taken out of the cash registers... )

Sun, 02/16/2014 - 23:52 | 4444066 aerojet
aerojet's picture

I used to kind of like Wal Mart, I was even a shareholder at one point.  But their crappy stuff has gotten even crappier and I'm just sick of dealing with gigantic stores and the poor quality produts in them, not to mention the fucking assclowns who shop there, thus my 2014 New Year's Resolution was to not shop at Wal Mart anymore.  It's a really small thing, a drop in the ocean, but it's something.  I never felt better than the day I stopped paying Comcast money for the shit called cable tv.

Mon, 02/17/2014 - 00:07 | 4444087 no2foreclosures
no2foreclosures's picture

You Yankees are so stupid and so short on memory.  It's going to be an enjoyable experience to see the U.S.S. Titanic finally sink and/or implode.  Couldn't happen to a bunch of more deserving idiots.  And couldn't happen sooner.

JFK, whose avatar symbol I elected to use because of what he stood for and for what he did for the people, went to war against the entire U.S. Steel industry in April 1962.  Why?  Because U.S. Steel and other major steel manufacturers conspired to increase the price of steel products by a mere whopping 3.5%.  He would even budge or settle for a 1.75% price increase.

From James W. Douglass' JFK and the Unspeakable book, JFK said in a news conference on April 11, 1962:

 

"Simultaneous and identical actions of United States Steel and other lead­ing steel corporations increasing steel prices by some $6 a ton constitute a wholly unjustifiable and irresponsible defiance of the public interest . . .  the American people will find it hard, as I do, to accept a situation in which a tiny handful of steel executives whose pursuit of private power and profit exceeds their sense of public responsibility can show such utter contempt for the interests of 185 million Americans."

Reporters gasped at the intensity of Kennedy's attack on Big Steel. After describing the ways in which steel executives had defied the public interest, JFK concluded with an ironic reference to his inaugural address: 

"Some time ago I asked each American to consider what he would do for his country and I asked the steel companies. In the last 24 hours we had their answer."

 

JFK stood his ground and won that battle.

Read some history before making a complete fucking fool of yourselves by your stupid comments here and elsewhere.

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