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Argentina Becomes Venezuela With The Passage Of This Law
Submitted by Simon Black via Sovereign Man blog,
In the pantheon of utter political stupidity in our time, the competition is pretty fierce to see who ranks #1.
But I have to imagine that, even with so many rivals, Argentina’s Cristina Fernandez de Kirchner makes a pretty compelling argument to be the champion.
And though the productive class of Argentina is no stranger to being vilified by a populist government whose grasp on power rests on praising the dignity of poverty, Cristina has managed to take things to an entirely new level.
Under this new law, the government will have the honorable burden of defending consumers from greedy producers.
Companies are now prohibited from setting their prices too high, generating too much profit, or producing too little.
And unlike the country’s astronomically high taxes (which at least have defined numbers and penalties), the new supply law doesn’t even say what is meant by too high, too many, or too little.
It simply reinforces the government’s unchecked power to arbitrarily audit, fine, shut down, and expropriate production of private companies.
Argentina’s government has already been maintaining “voluntary” price controls on over 400 consumer products for the past year, all in the name of combating the inflation that they themselves created.
And as any high school economics student can tell you, price controls create… SHORTAGES. Duh.
Needless to say, local production of these staple consumer products has dropped as a result of price controls. And given the pitiful state of the peso, they’re too expensive to import.
And anyone who can actually get their hands on these products—sugar, cooking oil, canned fruits, cleaning products, etc. often strolls across the land borders into Paraguay and Brazil where they are sold at competitive market prices.
Argentina’s new law of clamping down supply-side control echoes Venezuela’s 2011 “Fair Price and Cost Law”, which instead of reigning in inflation has reduced the Bolivarian state to the continent’s preeminent example of failure
Throngs of Venezuelans now line up around the block for days to buy single-ply toilet paper at a “fair” price. Argentina is not far behind.
This isn’t even about the country being “leftist” or “socialist”.
What has destroyed the country is not the high taxes or government waste (although that certainly doesn’t help). Argentina shoots itself in the foot by passing laws that call into question legal certainty and basic property rights.
All of this exacerbates unquantifiable country risk and the inability for businesses and individuals to plan ahead—in any environment.
If you think Argentina is an aberration, think again.
Just as Argentina used to be one of the richest places in the world and Buenos Aires competed with New York for the brightest and most talented minds on the planet, many Western countries are going down the same road.
They create absurd and confiscatory tax systems and regulations. They condemn companies who have a fiduciary responsibility to their shareholders – not governments – and follow THEIR OWN LAWS to legally minimize their tax obligations.
The seize, steal, kill and regulate every aspect of our private and economic lives. And they even have to resort to such comical measures as in Europe where they now count illegal activities such as spending on drugs and prostitutes as part of the GDP to maintain the illusion of economic growth.
All this uncertainty pushes people and businesses out the door. No one wants to deal with long-term stability issues when the next debt-ceiling debacle is always just around the corner, and when you have to look out for any number of three-letter agencies to reprimand you for doing business.
Argentina is a sign of things to come. Are you willing to wait for when your government decides that your profits are too high?
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Nice tits, Christina.
A beauty from afar...
Very afar, seen turkeys with better looking necks. If you are a neck man?
Good from far but far from good.
In the pantheon of utter political stupidity in our time, the competition is pretty fierce to see who ranks #1
In Argentina people say that she is way too stupid to be able to win and rank #1
My money is on O
"many Western countries are going down the same road...They condemn companies who have a fiduciary responsibility to their shareholders – not governments – and follow THEIR OWN LAWS"
It's Corporations and Corporatism that have killed America not "Leftie, Commie, Liberullz™ Socialists, et al"
Someone send her a copy of "Atlas Shrugged".
John Galt about to join Simon in Peru?...
It's all about the tribe getting paid.
Right out of 'Atlas Shrugged'. Coming soon the the US of A.
I gots ta know: Will the price of real estate also be controlled? Errrrr, let me reword that: Will the price of real estate stop going up?
I hear she already has dozens of copies that she uses for toilet paper.
10-289
When did corporations and corporatism start making laws? Oh yeah, right after statist politicians took control.
Left = more state power.
Right = less state power.
Learn it = love it.
Left = Idiots who believe in country wide governments and think they know better than the false paradigm called the 'right'.
Right = Idiots who believe in country wide governments and think they know better than the false paradigm called the 'left'.
Middle = American at McDonalds.
Realists = People who realize government can only ever sustainably work on a much smaller scale.
"Left = more state power."
An prime example is the city of Houston which has issued subpoenas demanding a group of pastors turn over any sermons dealing with homosexuality, gender identity or Annise Parker, the city’s first openly lesbian mayor. And those ministers who fail to comply could be held in contempt of court.
The subpoenas are just the latest twist in an ongoing saga over the Houston’s new non-discrimination ordinance. The law, among other things, would allow men to use the ladies room and vice versa. The city council approved the law in June. After opponents of the bathroom bill filed a lawsuit the city’s attorneys responded by issuing the subpoenas against the pastors.
The Houston Chronicle reported opponents of the ordinance launched a petition drive that generated more than 50,000 signatures – far more than the 17,269 needed to put a referendum on the ballot. However, the city threw out the the petition over alleged irregularities.
http://www.chron.com/news/politics/houston/article/Petition-to-repeal-eq...
http://www.foxnews.com/opinion/2014/10/14/city-houston-demands-pastors-t...
The LGBT political crowd has never had freedom of speech and thought a platform of their agenda. It is about hormone driven children getting what they want without a thought about anyone but themselves.
Human beings do not define themselves by their sexual desires. Human beings are suppose to outgrow their hormone driven behavior.
LGBT who do not demand acknowledgement and special rules but live their lives with respect for others and love for their same sex partners are human beings.
The rest are scum and should be thought of Stalins little helpers.
"When did corporations and corporatism start making laws? Oh yeah, right after statist politicians took control"
Righties' palms are greased just as easily by:
Big Pharma, Big Ag, Big Banks, MIC, Telcoms, Big Prisons, Big Ed...
who are laws (tax and otherwise) made BY in amerika these days? and who FOR?
All you see is EBT's and LGBT's and all the while the great Globalist Hustle™ continues...
That "Socialism" you're soaking in is Fascism with a Statist "veneer"...
you guys need to keep going back further.
what happened just over 100 years ago?
question answered.
How about that one country that prints unlimited money and then "lends" it to itself creating a self-pleasuring circle jerk of mythical proportions. That's a real doozy too!
New corruption allegations are swirling around the Argentine president, who ordered an official to read a blistering statement accusing the nation's leading newspapers of lying and defaming her "in the best style of fascism."
The scandal centers on Lazaro Baez, an old friend and business partner of President Cristina Fernandez and her late husband, President Nestor Kirchner. "Austral Construcciones" and other Baez companies have won many public works contracts during the Kirchners' decade in office.
The couple's declared wealth has grown more than tenfold since they began leading Argentina, gains they attributed to lucky moves in real estate and the profits from several luxury hotels they own in Patagonia.
http://bigstory.ap.org/article/corruption-scandal-swirls-around-argentin...
China?
The banksters are the largest shareholders in all the major corporations. Together JPM and Citi hold more than 40% of BP. 2/3 of Private prison corps shares are owned by wall street banksters who keep war on drugs going to increase their laundry and prison profits.
all banksters claim to be doing gods work as part of their ficuciary responsibility to shareholders. total bs.
you guys throw around political terms without bothering to face the reality that theives abound in all systems. and these days, more diabolically and sociopathically in the good old capitalist west-- than anywhere else.
nyc and london (with oks from DC and EU) hosted the theft of more trillions than anywhere on the planet.
Yes, she just made a completely fucked economy even fuckeder.
O* is making a fucked economy completely fucked.
*O not that 'O' is anything more than a fascist handpuppet, obviously
Christina should just quit fucking around and make everyone a billionaire...she can do that right?
faceplant
RIPS
That would be boring, and repetitive. It has been already done in Argentina. My children thought we were wealthy looking at the multimillion pesos notes. And since they had no idea of the difference between pesos and dollars, they would tell everybody that we had tons of money. Well hyperinflation until 2000 was 10 to the 13th. No idea how to say that in % units.
back in the late 90s Taxi drivers from Buenos Aires would commonly take vacations in New York under the US visa waver program which Argentina enjoyed until the Peso crash in the early days of the new century
The peso crash of 10 to the 13th I was referring to occured between the 1970's and the 1990. From 1990 to 2000 the peso was locked to the dollar by law. In 2000 they had a sudden devaluation of 4 to 1. Where people who had dollars in their banks were not allowed to take them out or they had to take them out at a 1 to 1 ratio to the peso, thus loosing 75%of their savings. My inlaws were trapped. People who hid their cash in mattresses won big time.
So, if you count that inflation plus the current 40% annual rate of inflation I have not idea how big it is since the 1970's. Crazily large!
It's amazing they don't all save in gold... you can bury it and it doesn't rot and you can squeeze a lot of value into a very small space. And does anyone seiously believe that gold won't appreciate against the USD long term? ie, that our overlords won't continue their fine tradition of trashing the dollar's value?
I suppose if you're an Argentinian, holding short or even medium term savings in USD makes sense... presumably the bid/ask spread is lower for USD than gold there?
"Christina should just quit fucking around and make everyone a billionaire...she can do that right?"
Give it time. We'll all be billionaires. Multi-billionaires if you have two loaves of bread.
Can they buy gold anywhere near spot in Argentina? Anyone from there have local knowledge?
The article did mention that those who did buy goods at the fixed low price would often take them across the border to sell at market rates. So do they bring gold/silver/USDs back on the return trip?
Just add 2 to the exponent. 1013 = 1015%
utterly/fucked [%]
A country with Moochela as first lady and Hitlery as the next annointed president, the USSA has no right to criticize Kirchner's looks.
I told my father in law, who is a PhD Professor and lived in the USA teaching in Baylor for 15 years, if he wanted us to send our O guy to help his Cristina for a few weeks.
And he couldn't stop laughing for a while, after he was able to stop, he politely replied, please DON'T
Love in the time of ebola, a guy can't be to picky. As long as she's not coughing up a lung or bleeding out of her eyes you can do her.
Actually I find her combination of MILF, goth and eye shadow put on with a trowel kind of hot.
If your demographic is 70 year olds, then Kirschner is definitely the friskiest horse in the glue factory.
Good from behind will do.
Looked like Marie without my glasses.
"This isn’t even about the country being “leftist” or “socialist”"
But it is and therefore it does.
Words mean things.
And yet, that's not the meaning of the word.
The meaning of the word Socialist is that the people own the means of production. That meaning doesn't match this activity.
Yeah why cant we vote in a hot sexy and lushes president!
Wtf is wrong with us?!
I'd rather wack off during presidential speaches then distroy a TV every time.
I suspect eventually we'll elect our first sexy female president and we'll be doing both.
A friend of mine was recently in Argentina. The crime rate is going up alarmingly. One of the local engineers he works with there was robbed at machine gun point in a "nice" area of Buenos Aires.
More evidence, like we needed more, that Socialism is evil.
Must not have been a gun free zone.
you owe me a keyboard...
Looking forward to my visit to Buenos Aires for the month of November.
How many Argentine immigrants have you met in the USA? Lots of Brazilians, some Colombians, Venezuelans etc, but very few Argentinians.
Is that because Argentina is actually a great place to live?
It was. Since the crisis of 2000. People have become something different. Nobody trusts anybody and everybody is afraid of you. Everybody thinks you are there to take something from them. Jealousy is present in everything. If you go for a few days, you may not notice it, but if you stay long enough, you will be shocked. Especially, when you discover why they behave that way.
It is very different to hear about kidnappings, thievery, robbing, muggings, breach of contract, breach of fiduciary duty, lying, corruption, than to discover that it is all true and is all happening in front of your eyes.
To put it into one example, one day, after having been robbed, my car broken into to steal a cheap GPS unit, my bycicle stolen by breaking a HUGE USA made Lock and my cell phone stolen from my pocket in the subway, all inside the last week, I heard in the program "Periodismo para Todos" de Jorge Lanata (2012) that a temporary employee had discovered a container load of stuffed shrimp destined to Spain in the EU, where the shrimp were stuffed with cocaine. Wow! And that was the second largest fishing company in Argentina. Well, it didn't end there, Lanata reported that the apparent owner of the company was a big Mafia guy in Argentina, known by everybody, who was in league with the Kirschner government.
The next day after the discovery the Secretary of
Fishing and Natural Resources traveled 1000 miles to meet with the federal judge that received the case.
Please note that this happened in a small town in the south of Argentina. That the discovery was not made by any permanent employee of the company, that it was the second largest fishing company of the Country, that the discovery was not made by any of the many police services they have (customs police, federal police, provincial policy, etc.)
If you still don't believe that the government was involved, then, I'll tell you that the owner in legal papers was an aboriginee with not even elementary school level completed. And that the company was registered in a special tax regimen reserved for the lowest income employees that doesn't require the filing of a tax return. Also, when this aboriginee was questioned in camera, about the tax figure of HIS company (supposedly) he replied that he didn't know anything about taxes. Well that did it for me, I never ever found an owner in whose pocket the tax guy gets his/her hands on that didn't know about taxes.
Anyway, despite Lanata being famous for following up on his reports, this was one he mentioned only once and never ever came back to!
From then on, you can probably infer why Argentineans behave like they do, and why Cristina is doing what she is doing and why she is following Venezuela's route. For me clear like water.
And by the way NML Elliot the equity fund that is fighting argentina, just made them a HUGE favor by given them somebody in the USA to blame for their problems. It will act as a great distraction.
Seems like you can do a lot with a 6th grade education these days.
"How many Argentine immigrants have you met in the USA? Lots of Brazilians, some Colombians, Venezuelans etc, but very few Argentinians."
How many would admit it?
The nationalist fervor over Patria vs. Buitres didn't last long, and now the K's are back to their usual repertoire of the Monopolistic Media (with the latest ruling of the AFSCA against Clarín). The explanation, probably, because by January, Kicillof will be paying the vultures 100%... Wonder how they'll spin it then...
dual posting by server error
Sorry but one just left the house after diagnosing my dead refrigerator problem. He escaped to Miami and now moved north. Says they started going crazy after Juan Peron when the populists promised everything to everyone.
"How many Argentine immigrants have you met in the USA? Lots of Brazilians, some Colombians, Venezuelans etc, but very few Argentinians.
Argentinians that emigrated to the United States are usually classified in the category of "Other Hispanics" so it is difficult to tell how many there are in the USA.
According to the 2010 Census, it is estimated that Los Angeles and Miami have the most Argentine Americans, followed by the New York area.
Fernando Aguirre has a blog known as "Surviving in Argentina"
http://ferfal.blogspot.com/
Did he say "mi nombre es Juan Galt"?
A few days ago the Chicago Tribune had an article about how Chicago was looking to SA for ideas on how to reduce crime. No shit.
Maybe they're going to deport everyone there. Problem solved.
LOL
"A few days ago the Chicago Tribune had an article about how Chicago was looking to SA for ideas on how to reduce crime. No shit."
http://en.wikipedia.org/wiki/List_of_countries_by_intentional_homicide_rate
11th highest homicide rate in the world. So....yeah, I can believe Chicago is doing that. If that doesn't stop the killin' there's always Hondorus and Swaziland.
Death squads?
If by SA you mean South Africa (not Saudi Arabia or South Australia) then there is zero chance that Chicago will copy them. Lots of guns in the hands of the public (including machine guns), especially the white people.
Unlike Venezuela with its subservient racial complexion, Argentines will revolt, and then make use of their vast O&G deposits at Vaca Muerta...but a lot of anguish until then.
Not many ZH'rs reference our own .gov's war against Egan-Jones for being on record and rating credit fairly. Even the insiders at S&P were kicked in the crotch for the downgrAAde. The US is not Argentina!
It's hilarious how a goobermint can create inflation by printing fiat, then blame manufacturers and retailers that they are charging too much fiat for their products and therefore inflation is their fault! lol! Talk about scapegoating... it don't get much scapegoater than that, my friend.
I believe the word is scapegoatier.
scapegoatiest
scapegobamiest
"It's hilarious how a goobermint can create inflation by printing fiat, then blame manufacturers and retailers that they are charging too much fiat for their products and therefore inflation is their fault! lol! Talk about scapegoating... it don't get much scapegoater than that, my friend."
It's a goat-fuck.
The Anti-Dog-Eat-Dog Rule
What they need in Argy is some good ol' capitalist running dogs (!)
They live for running turkey's.
directive 10-289
Cow, under capitalism, it's dog-eat-dog. Under most other systems, it's the other way around.
"Under most other systems, it's the other way around."
Yep, it's still dog-eat-dog under Communism or Socialism unless you're a privileged crony party member with the right connections.
Fuck Argentina for the mo'. Let's get back to the QE4 countdown. Come on Janet start the chopper up. I'm the naked man in the middle of the field with the tash, jumping up and down looking like i'm jerking off two invisable donkeys. WOOOOhoooo
You obviously have too much time on your hands.
This isn’t even about the country being “leftist” or “socialist”.
Nice try - it is all about socialism and communism - this is exactly what these philosophies do to a country and its people.
My apols headhunt - you beat me to it :_(
Great minds and all that... just saying
Lenin defined Socialism as the path to Communism. Remember this the next time you hear someone talking about Socialism or "Progress" i.e the advancement of Socialism.
The difference between socialism and communism is the communists prevent you from leaving or entering the country - that and communists drink much more.
Socialists make sure none wants to enter and none can afford to leave. So it's velvet communism.
If you think about it communism is just a myth, socialism's utopia of a self-regulating society that's never been tested in reality because of humanity's lack of collective capacity to fully implement it.
There are a number of socialist societies that have been sucessful. Those societies however are small and coherent with people truly working as a team for the common good. Think of some hippie communes (not the majority) and many religious communities (mostly monastaries).
Once you get beyond small self disiplined groups the socialism never works.
Yes those groups preserve their culture - so they must be racists according to today's standards.
Funny thing is, prior to the 1980's, the main consumption of liquid in Soviet Union was Coffee and Tea. Liqure consumption was low prior to 80's and now.
Communism brought a ton of industry to many areas that did not have it. But you can thank Breznev for that one. 5 year plans worked. What didn't was the concept of lack of competition or drive in the basic consumer market or civil production, hence why they could build such advanced military gear but cannot produce a tractor.
Argintina shouldn't have market cap. Instead, they need to look into trying to bring in third parties like Russia, India, China and even Brazil to work with in order to build up their economy. Or try to subsidize certain industries that are the biggest in demand/consumption to help reduce costs and have the average person have more money.
Don't know if it would work, but instead of price control, they should try to look at supporting the key industries.
Death camps would be another - USSR, China, Cambodia, etc
You are completely wrong. The socialist rethoric is only used to control the masses, it is all about drugs, mafia and money.
The ones that hate the current government the most are the communists and socialist parties who see their political flags used to control and abuse the populace. The people that have dedicated their lives to the socialist and communist cause are incredibly enraged by what this government is doing under the socialist flag.
"This isn’t even about the country being “leftist” or “socialist”."
Dear Simon, you are Wrong.
What Cristina is doing to Argentina is EXACTLY what all desperate socialists always do eventually.
When socialism fails, the socialist solution is moar mad socialism. Eventually the country implodes. It descends into civil unrest which then needs jackboots to maintain law & order.
That's when the banksters default to world war.
Going even longer black markets in south america. The prices we received for soybeans this season are starting to make sense...
fuck. These people really are masocistic fuckers. How is she still alive?
will become a black market economy
official economy will crater
Hey you cunt. Leave Leo Messi alone !!!!
Peg! I'm blind Peg!
Roll out the guillotines, throw a few ropes over some lamp posts and put em to good use....the elites will sit up and take notice to that, everything else is just playing into their game.
And I thought the Central Bank's problem was setting prices lower...
I'll be damned.
Don't worry their national health care will be highly capable of dealing with Ebola when it arrives in the near future.
https://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rj...
This isn’t even about the country being “leftist” or “socialist”.
Actually, yes. Yes, it is.
Actually no, it can't be, since that requires the people be the owners of the means of production, not the owners of the people who do the producing. Big difference.
2003 Postal service renationalized (state-owned between 1949 and 1997)
2006 AySA, the water utility serving Buenos Aires (its state-owned precursor, OSN, was established in 1912 and privatized in 1993) renationalized
2008 Aerolíneas Argentinas renationalized (state-owned between 1949 and 1990)
2008 Pension funds (transferred to ANSES)
2010 FAdeA renationalized (state-owned between 1927 and 1995)
Argentina's government nationalized the energy company YPF, which was owned by Spain's Repsol
Metrogas renationalized (part of the Gas del Estado concern privatized in 1992)
Belgrano Cargas (privatized in 1999); Tren de la Costa; Belgrano Sur, Roca, San Martín, and Sarmiento commuter lines (privatized in 1994/95) all renationalized.
The government of Cristina Fern’andez de Kirchner recently re-nationalized YPF, Argentina’s largest oil producer from the Spanish firm Repsol - See more at: http://www.energytribune.com/20101/argentinas-re-nationalization-of-the-...'s government nationalized the energy company YPF, which was owned by Spain's Repsol. The government of Cristina Fern’andez de Kirchner recently re-nationalized YPF, Argentina’s largest oil producer from the Spanish firm Repsol - See more at: http://www.energytribune.com/20101/argentinas-re-nationalization-of-the-... The government of Cristina Fern’andez de Kirchner recently re-nationalized YPF, Argentina’s largest oil producer from the Spanish firm Repsol - See more at: http://www.energytribune.com/20101/argentinas-re-nationalization-of-the-...Viator,
what that list tells me is that a load of state owned industries (all people theoretically) since before and just after the war were sold off starting in 1990.
This made a shedfull of cash for some people whilst the rest got ripped off.
After years of synergy/consolidation/disvestment the properties are collapsing. (assets bled dry by new owners)
They need investment once again to build up the infrastucture to enable business to restart.
And the rest of the people (remember them, the ones that got ripped off) will be made to build it back up again.
At great personal expense the people willl drag the country into the next century and in 60 years or so the predatory wolves (claiming raw capitalism) will come calling
Rinse, repeat.
(the government of the day will either help or hinder).
all non-socialist.
state-owned = no people own the means of production, only government agencies
people-owned = actual people, not government agencies, not the state, not corporations
So what you're admitting is that you never actually knew what Socialist means, ever, in your entire life. Now you know.
What you are listing is anti-socialist feudal oligarchy.
Argentine people: The end is nigh! Dumb, Dumb, Dumb!!!
Its going to get there in Colombia too....we have to much riding on oil....and now with the price down..it will blow up thier budget.....so sell bonds they will...until we are the next Argentina or Venezuela.....
The bigger point being that it is corrupt governments that destroy individual liberty and prosperity.
Our U.S. Crony Capitalism is little different; we accomplish similar end points but with the illusion of choice and an army of mandarins, lawyers, and mass media bobble heads.
Stop the War on Women!
That's easy, just know them better than they know themselves.
the easiast way to know a woman is to follow her menstrual cycle and the behavior she exhibits during the cycle. if you are good you will be able to time the coupla days/month her body wants her to make babies. it can be done with random woman acquaintances with a good success rate for a hookup. i actually know this, idle hands and all that.
I just go by the size of their breasts and check for ring around the collar, the good lookin ones at least.
Boobs on the ground I say!
So, uh, Tyler, granted price controls won't work and will backfire, just what should the Argentine government do? Knuckle under to the IMF again? When they already had a deal they were living up to?
What I'm looking for is some recognition that Argentina is the current target du jour of the banksters' campaign to tame and discipline the world, at a time when the world economy is slouching toward a collapse.
Perhaps a look at who's talking BRICS? And a little less glee at their distress?
Borrow More!
Say it with me... "BRIACS"
That is a good analysis. Argentina is struggling to get out from Washington's control
I like this comment very much, as it brings a point: People here are saying this or that is a bad idea, but instead of telling us the problem, why not tell us a solution?
BRICS? BRICS is a group much like IMF and in the end, you are at the whim of someone else. As well, it is a very broad suggestion....Saying BRICS won't solve the economy. Instead, what will? Well, maybe convinsing BRIC's nations to open up shop in Argentina to produce goods for domestic and international consumption. Maybe look at reducing business tax (not personal) and promote businesses to operate in Argentina. Maybe look at increasing tarrifs on goods that already comes into Argentina to help domestic developers. Plenty of options other than price control.
"He had no time for pain, no energy for anger"
i don't understand why .govs have ever thought price controls are a good thing. nixon even proposed it. who does it benefit but the black market so .govs must do this purposely to create a black market that deals in forbidden goods at a forebidden exchange rate. intersting concept. i wonder if the creation of a black market increases the flow of goods and eventually creates the real price which stabilizes the currency, at least for peoples' day to day transactions. in other words the black market creates the stability open market chaos prevents from happening.
Enacted by December 2015? Means it is never going to happen. What's the point unless Kirchner made a deal with the Brics already and Argentine is going to adopt Yuan.
Man killed in Iowa plane crash was Libertarian party candidate for US Senate http://wtfrly.com/2014/10/14/man-killed-in-iowa-plane-crash-libertarian-...
The ballot was too crowded. Statist Party conducted a thinning operation.
so you think she is stupid
maybe you think it would have been smarter to give the money to the vulture funds
"This isn’t even about the country being “leftist” or “socialist”.
What has destroyed the country is not the high taxes or government waste (although that certainly doesn’t help). Argentina shoots itself in the foot by passing laws that call into question legal certainty and basic property rights."
.... well, yes, it is because they are leftist and socialist. It is also because of high taxes and government waste, in addition to property rights and legal certainty.
Heck, Americans have no legal certainty or property rights anymore. Politicans pass retroactive laws (in addition to the unelected agents of the government that do this too) and police can take whatever they want for any "legitimate" reason they can think of.
Well, no. Rightist and fascist governments do exactly the same thing. The only difference is they spend on military and police instead. Underneath the veneer they're all the same.
Wrong. Fascism isn't on the right, it's on the left. It's actually just like socialism, except that Facism regulates business rather than it being nationalized. Neo-liberals have redefined the word facism to imply it is somehow on the right, when it is not. Totalitarianism exists on the left, whereas on the extreme right, you have libertarianism, and classical liberals... aside from simple, individual self-government. Facism, like socialism, requires the force of government to work, which is what puts it on the left. The best way to think of facism and socialism, is simply on a degree of government ownership over production.
http://www.econlib.org/library/Enc/Fascism.html
One good point to make though, is that the USA has a facist government, which seeks to regulate private business in ways that benefit the elected and unelected government, aside from shifting the risk and blame to the private businesses.
Perfect
absurd
USA-- USA -- spends most on military and police of anywhere else! more than 70% of budget to pentagon and related. banksters are primary shareholders thereof-- and take their trillions every which way.
Producing too little? So: slavery. You must produce no less than what your rulers demand of you and you can not gain by it at all, in fact, you must take a loss. Anything else is now a crime. That's de-facto slavery.
So basically they are going Atlas Shrugged there. Humans...
Pretty sure Galt already left the building.
Errrrmmm...
Not to put tooo fine a point on this, but "she" is a "woman".
And there is a reason you see many women in politics
these days.
Primarily, because throughout history, whenever a woman
( regardless of how good she may be ) is in power, it means
that men see no point in competing for the job.
That's usually a sign that you should plan your exit
pronto! Of course, women ( and Germans ) seem
to miss these signals...
It's great to see so many call out the author's unfortunate statement about Socialism.
Well, the flip side of this is awesome. They're gonna have the Black Market down to a magnificent science when this is all over.
Yes but they include the Black Market in their GDP (new rules) which is supposed to be a measure of their investability.
besnook: i don't understand why .govs have ever thought price controls are a good thing.
Why? Because they look over their shoulder and see what the big boi Banksterz are doing with LIBOR, QE and metals manipulation.
It's penis envy.
Why does Doug Casey live in that shit hole?
Argentina and BsAs is a totally different anamial. Doug is located far from the 16M. who live in BsAs. I would say that Argentina would be a place to be in 15-20 years from now. Goreagous, productive and resonably nice.
Spent a couple of years down there. Patagonia would blow even this Colorado mind again. Milestones
It's always someone else's ideology that makes them do it and never thiers. It's socialismo 101. Learn to pleasure your man Christina, instead of destroying a country.
What's with all these menopausal old hags taking power everywhere?
The GILF is the new MILF.
I thought USA has already paved this road in the Dodd-Frank Financial Reform law. There is a group that its sole focus--with unlimited funding-- is to make sure financial firms do not abuse their customers, no?
So Simon finally read his Spanish newspaper. This is old news, and this law is unlikely to stand. The Supreme Court will weigh in and powerful forces are arrayed against the law: the banks, all the large companies, and most importantly, the agricultural interests. http://www.lanacion.com.ar/1730422-siguen-las-criticas-contra-la-ley-de-...
The opposition party, which won the most recent elections and seems likely to win in 2015, before this law goes into effect, has already come out opposed to it, along with 150 other laws of the Kirchner government. It seems likely that big changes are in store, politically, for Argentina in 2015. A more outward-looking, business-friendly government may well be coming to power. Funny how Simon, or anyone else for that matter, never seems to report on this. http://www.clarin.com/politica/oposicion-leyes-revisara-llega-Gobierno_0...
It was quite the news down here when Sergio Massa (who many think may be the next president) and Frente Renovador made a very strong showing in the last elections. Didn´t see Simon Black or the Financial Times or Zerohedge crowing about this.
Because Massa is another Peronista. And they are all the same. Argentina has had 70 years of experience with these crápulas. Anybody with a gram of a brain will understand this.
Viva el schuschalismo !
If you want some current news from Argentina, the Frente Renovador is putting together a 10-point plan to restore confidence in the Peso, make the central bank somewhat independent of government policy-making, reduce some social programs and government spending (such as no more free college), remove some of the regulations from industry, and make it easier for foreign investment in Argentina. Whay have I heard nothing about this from all the folk invested in Elliot Capital Management and from their propaganda mouthpieces at the Financial Times?
Current news from Argentina about the plans of the new government for 2015 http://www.clarin.com/politica/Massa-dolar-puede-levantar-dias_0_1229877...
If Massa (another Peronista... as if the country needs any one more of them - besides, the asshole who picked up Boudou...) ever intends to end the public Unis from being free, all hell will break loose.
It does'nt matter what currency Argentina has-- the problem is spending.
"They have the usual socialist problem-- they've run out of everybody else's money"... Lady M.Thatcher
Argentina, blessed by god with favorable, even wonderful climate, blessed by god with farmland, water, water power, minerals and all that any nation could ask for, is cursed by a people incapable of forming a civil society and an economic free market. Government and people combine to fuck over one of earth's great nations. Give Argentina away to the Chinese, and the fucking place would be a world class ecnomic power in 15 years! Germans too, give it to Germany and watch the entire country rip to the high side as the resources of the nation drive massive growth. Inside Argentina, not one man should be poor or hungry, YET, it's all fucked up.
"Give Argentina away to the Chinese, and the fucking place would be a world class ecnomic power in 15 years!"
Give it to the ChiComs and there will be massive corruption, horrendous pollution, and complete censorship.
Argentina will be permanently fucked up under the ChiComs.
http://www.ibtimes.com/7-problems-chinas-rise-worlds-largest-economy-wil...