In article <v2b5hu$2va4t$1@dont-email.me>, ganthony@gmail.net says...
Just use common sense. Of course our brainless liberals have no sense,
common or otherwise.
https://www.foxnews.com/world/argentinas-milei-shuts-up-critics-miracle-turnaround-economy-strong-security-policies
"With inflation soaring, Argentina will start printing 10,000 peso
notes"
"Updated 5:21 PM PDT, May 8, 2024
Share
BUENOS AIRES, Argentina (AP) ? Prices in Argentina have surged so dramatically in recent months that the government has multiplied the
size of its biggest bank note in circulation by five ? to 10,000 pesos,
worth about $10.
The central bank announcement Tuesday promised to lighten the load for
many Argentines who must carry around giant bags ? occasionally,
suitcases ? stuffed with cash for simple transactions. Argentina?s
annual inflation rate reached 287% in March, among the highest in the
world.
The new denomination note ? five times the value of the previous biggest
bill ? is expected to hit the streets next month in a bid to ?facilitate transactions between users,? the central bank said. The 10,000 peso note
is worth $11 at the country?s official exchange rate and $9 at the black market exchange rate.
Across Argentina, hard currency ? specifically, the country?s ubiquitous 1,000-peso notes ? remains the most popular way to pay for things. When
first printed in 2017, the 1,000-peso note was worth $58 on the black
market. Now, it?s worth a dollar.
Given the instability unleashed by Argentina?s worst financial crisis in
two decades, vendors prefer old-fashioned cash payments for big
purchases and offer steep discounts to incentivize paper bills over electronic transfers.
Argentina?s libertarian President Javier Milei, who took office last December, campaigned on a promise to tame inflation and stabilize the
local currency by reversing the policies of past left-leaning
governments that printed money to finance public spending.
But in the meantime, his harsh austerity drive has pushed prices up to
levels in the U.S. and Europe, adding to the economic woes of ordinary Argentines. A massive nationwide strike, the latest in a series of
protests, is planned for Thursday.
Even as annual inflation remains high, Milei cites a gradual slowdown in Argentina?s monthly inflation rate since last December to insist his
plan is working. Confident consumer prices can continue creeping
downward, policymakers lowered the central bank?s key interest rate
three times last month."
[snip]
https://apnews.com/article/argentina-bank-note-economy-milei- libertarian-inflation-crisis-central-bank-
53f03d3ec65497726eeeb83c0a7022a1
LOL Yeah, this is real simple--as long as you aren't an ordinary
person trying to live in that economy.
TB
On 5/19/2024 3:42 PM, Technobarbarian wrote:
In article <v2b5hu$2va4t$1@dont-email.me>, ganthony@gmail.net says...
Just use common sense. Of course our brainless liberals have no sense,
common or otherwise.
https://www.foxnews.com/world/argentinas-milei-shuts-up-critics-miracle-turnaround-economy-strong-security-policies
"With inflation soaring, Argentina will start printing 10,000 peso
notes"
"Updated 5:21 PM PDT, May 8, 2024
Share
BUENOS AIRES, Argentina (AP) ? Prices in Argentina have surged so
dramatically in recent months that the government has multiplied the
size of its biggest bank note in circulation by five ? to 10,000 pesos,
worth about $10.
The central bank announcement Tuesday promised to lighten the load for
many Argentines who must carry around giant bags ? occasionally,
suitcases ? stuffed with cash for simple transactions. Argentina?s
annual inflation rate reached 287% in March, among the highest in the
world.
The new denomination note ? five times the value of the previous biggest
bill ? is expected to hit the streets next month in a bid to ?facilitate
transactions between users,? the central bank said. The 10,000 peso note
is worth $11 at the country?s official exchange rate and $9 at the black
market exchange rate.
Across Argentina, hard currency ? specifically, the country?s ubiquitous
1,000-peso notes ? remains the most popular way to pay for things. When
first printed in 2017, the 1,000-peso note was worth $58 on the black
market. Now, it?s worth a dollar.
Given the instability unleashed by Argentina?s worst financial crisis in
two decades, vendors prefer old-fashioned cash payments for big
purchases and offer steep discounts to incentivize paper bills over
electronic transfers.
Argentina?s libertarian President Javier Milei, who took office last
December, campaigned on a promise to tame inflation and stabilize the
local currency by reversing the policies of past left-leaning
governments that printed money to finance public spending.
But in the meantime, his harsh austerity drive has pushed prices up to
levels in the U.S. and Europe, adding to the economic woes of ordinary
Argentines. A massive nationwide strike, the latest in a series of
protests, is planned for Thursday.
Even as annual inflation remains high, Milei cites a gradual slowdown in
Argentina?s monthly inflation rate since last December to insist his
plan is working. Confident consumer prices can continue creeping
downward, policymakers lowered the central bank?s key interest rate
three times last month."
[snip]
https://apnews.com/article/argentina-bank-note-economy-milei-
libertarian-inflation-crisis-central-bank-
53f03d3ec65497726eeeb83c0a7022a1
LOL Yeah, this is real simple--as long as you aren't an ordinary >> person trying to live in that economy.
TB
Well of course it's nowhere near as idyllic as The Garden of Oregon. Do
you know how to eat an elephant?
On 5/19/2024 4:49 PM, George Anthony wrote:
On 5/19/2024 3:42 PM, Technobarbarian wrote:
In article <v2b5hu$2va4t$1@dont-email.me>, ganthony@gmail.net says...
Just use common sense. Of course our brainless liberals have no sense, >>>> common or otherwise.
https://www.foxnews.com/world/argentinas-milei-shuts-up-critics-miracle-turnaround-economy-strong-security-policies
"With inflation soaring, Argentina will start printing 10,000 peso
notes"
"Updated 5:21 PM PDT, May 8, 2024
Share
BUENOS AIRES, Argentina (AP) ? Prices in Argentina have surged so
dramatically in recent months that the government has multiplied the
size of its biggest bank note in circulation by five ? to 10,000 pesos,
worth about $10.
The central bank announcement Tuesday promised to lighten the load for
many Argentines who must carry around giant bags ? occasionally,
suitcases ? stuffed with cash for simple transactions. Argentina?s
annual inflation rate reached 287% in March, among the highest in the
world.
The new denomination note ? five times the value of the previous biggest >>> bill ? is expected to hit the streets next month in a bid to ?facilitate >>> transactions between users,? the central bank said. The 10,000 peso note >>> is worth $11 at the country?s official exchange rate and $9 at the black >>> market exchange rate.
Across Argentina, hard currency ? specifically, the country?s ubiquitous >>> 1,000-peso notes ? remains the most popular way to pay for things. When
first printed in 2017, the 1,000-peso note was worth $58 on the black
market. Now, it?s worth a dollar.
Given the instability unleashed by Argentina?s worst financial crisis in >>> two decades, vendors prefer old-fashioned cash payments for big
purchases and offer steep discounts to incentivize paper bills over
electronic transfers.
Argentina?s libertarian President Javier Milei, who took office last
December, campaigned on a promise to tame inflation and stabilize the
local currency by reversing the policies of past left-leaning
governments that printed money to finance public spending.
But in the meantime, his harsh austerity drive has pushed prices up to
levels in the U.S. and Europe, adding to the economic woes of ordinary
Argentines. A massive nationwide strike, the latest in a series of
protests, is planned for Thursday.
Even as annual inflation remains high, Milei cites a gradual slowdown in >>> Argentina?s monthly inflation rate since last December to insist his
plan is working. Confident consumer prices can continue creeping
downward, policymakers lowered the central bank?s key interest rate
three times last month."
[snip]
https://apnews.com/article/argentina-bank-note-economy-milei-
libertarian-inflation-crisis-central-bank-
53f03d3ec65497726eeeb83c0a7022a1
LOL Yeah, this is real simple--as long as you aren't an ordinary >>> person trying to live in that economy.
TB
Well of course it's nowhere near as idyllic as The Garden of Oregon.
Do you know how to eat an elephant?
The TBoob is just playing his usual role defending anything the left
does. Yeah, he's a stupid fuck. After decades of socialist policies
that had the country on the verge of total collapse, the people rose up
and decided to try something else. President Javier Milei said there
was going to be some pain involved to get things on the right track.
called it shock therapy. Even a leftist like the TBoob should know
that. The option of staying the course and ending up with everyone
starving to death was not a very appealing choice. Almost immediately
he dissolved half of the ministries in the country. These were corrupt party jobs doing nothing for the citizens of the country except spend
money and accept bribes for turning a blind eye. He is removing trade barriers and labor protections. Fuck the unions and let's get back to
free trade! He is privatizing all the publicly owned companies his predecessors stole, since everyone knows government can't run shit and
never makes a profit.
In a normal world, the US would back and help this government become functional with financial support and intelligence. Of course the FJB regime won't since they hate democracy and wish the US would fail
similarly so they could take a more aggressive stance against anyone
opposing their political goals.
If the people of Argentina are willing to fight for their freedom and democracy, Milei has a way forward. If they've become lazy, entitled,
and are simply looking for government to take care of them, it will
descend into chaos. People like the TBoob make me sick. They support policies that destroy things, and then laugh at the difficulty
encountered trying to right the ship.
In article <v2ds5c$3j0up$1@dont-email.me>, ganthony@gmail.org says...
Well of course it's nowhere near as idyllic as The Garden of Oregon. Do
you know how to eat an elephant?
This stuff is all beyond your comprehension level and attention
span, but it's far more informative than anything you will get from
Fakes News. Since you won't understand it I'm not going to bother
posting any of it.
"World Report 2024"
https://www.hrw.org/world-report/2024/country-chapters/argentina
"The Dollarization Threat"
https://www.phenomenalworld.org/analysis/dollarization-threat/
The easy, short and simple summary for you is that the only place
you will find good news about Argentina is in the far right media.
TB
On 5/20/2024 10:17 AM, Technobarbarian wrote:
In article <v2ds5c$3j0up$1@dont-email.me>, ganthony@gmail.org says...
Well of course it's nowhere near as idyllic as The Garden of Oregon. Do
you know how to eat an elephant?
This stuff is all beyond your comprehension level and attention
span, but it's far more informative than anything you will get from
Fakes News. Since you won't understand it I'm not going to bother
posting any of it.
"World Report 2024"
https://www.hrw.org/world-report/2024/country-chapters/argentina
"The Dollarization Threat"
https://www.phenomenalworld.org/analysis/dollarization-threat/
The easy, short and simple summary for you is that the only place >> you will find good news about Argentina is in the far right media.
TB
Apparently you don't know how to eat an elephant.
Just like here where the only place you will find good news about the
economy is in the far left media which is basically all of the media.
Oh, and in The Garden of Oregon.
It must be nice to think you are always right when you are always wrong.
I guess that's what pompous assivity is all about.
On 5/19/2024 3:42 PM, Technobarbarian wrote:
In article <v2b5hu$2va4t$1@dont-email.me>, ganthony@gmail.net says...
Just use common sense. Of course our brainless liberals have no sense,
common or otherwise.
https://www.foxnews.com/world/argentinas-milei-shuts-up-critics-miracle-turnaround-economy-strong-security-policies
"With inflation soaring, Argentina will start printing 10,000 peso
notes"
"Updated 5:21 PM PDT, May 8, 2024
Share
BUENOS AIRES, Argentina (AP) ? Prices in Argentina have surged so
dramatically in recent months that the government has multiplied the
size of its biggest bank note in circulation by five ? to 10,000 pesos,
worth about $10.
The central bank announcement Tuesday promised to lighten the load for
many Argentines who must carry around giant bags ? occasionally,
suitcases ? stuffed with cash for simple transactions. Argentina?s
annual inflation rate reached 287% in March, among the highest in the
world.
The new denomination note ? five times the value of the previous biggest
bill ? is expected to hit the streets next month in a bid to ?facilitate
transactions between users,? the central bank said. The 10,000 peso note
is worth $11 at the country?s official exchange rate and $9 at the black
market exchange rate.
Across Argentina, hard currency ? specifically, the country?s ubiquitous
1,000-peso notes ? remains the most popular way to pay for things. When
first printed in 2017, the 1,000-peso note was worth $58 on the black
market. Now, it?s worth a dollar.
Given the instability unleashed by Argentina?s worst financial crisis in
two decades, vendors prefer old-fashioned cash payments for big
purchases and offer steep discounts to incentivize paper bills over
electronic transfers.
Argentina?s libertarian President Javier Milei, who took office last
December, campaigned on a promise to tame inflation and stabilize the
local currency by reversing the policies of past left-leaning
governments that printed money to finance public spending.
But in the meantime, his harsh austerity drive has pushed prices up to
levels in the U.S. and Europe, adding to the economic woes of ordinary
Argentines. A massive nationwide strike, the latest in a series of
protests, is planned for Thursday.
Even as annual inflation remains high, Milei cites a gradual slowdown in
Argentina?s monthly inflation rate since last December to insist his
plan is working. Confident consumer prices can continue creeping
downward, policymakers lowered the central bank?s key interest rate
three times last month."
[snip]
https://apnews.com/article/argentina-bank-note-economy-milei-
libertarian-inflation-crisis-central-bank-
53f03d3ec65497726eeeb83c0a7022a1
LOL Yeah, this is real simple--as long as you aren't an ordinary >> person trying to live in that economy.
TB
Well of course it's nowhere near as idyllic as The Garden of Oregon. Do
you know how to eat an elephant?
On 5/20/2024 10:51 AM, George Anthony wrote:
On 5/20/2024 10:17 AM, Technobarbarian wrote:
In article <v2ds5c$3j0up$1@dont-email.me>, ganthony@gmail.org says...
Well of course it's nowhere near as idyllic as The Garden of Oregon. Do >>>> you know how to eat an elephant?
This stuff is all beyond your comprehension level and attention >>> span, but it's far more informative than anything you will get from
Fakes News. Since you won't understand it I'm not going to bother
posting any of it.
"World Report 2024"
https://www.hrw.org/world-report/2024/country-chapters/argentina
"The Dollarization Threat"
https://www.phenomenalworld.org/analysis/dollarization-threat/
The easy, short and simple summary for you is that the only place
you will find good news about Argentina is in the far right media.
Yeah, good news is bad because it comes from conservatives. I cannot
seem to find much past good news from anyone amazingly. Because there
was none. The country was totally fucked up.
TB
Apparently you don't know how to eat an elephant.
But he does know how to cite a left leaning NGO who gets their own wiki
page on criticisms. These damn NGO's have become major source of
government interference with ones like this getting big bucks from ass
holes like Soros, having given them $100 Million in 2010 alone in an
effort to expand them from a US based organization to a world wide group
with the power and money to fuck up many more places.
<https://en.wikipedia.org/wiki/Criticism_of_Human_Rights_Watch>
And then another leftist, Robert Jain who made his fortune in the
capitalist investment industry, with a 6 month old story that was
written by Matias Vernengo, who was actually the Senior Research Manager
at the Central Bank of Argentina. He actually was one of the people who helped cause Argentina's problems with his leftist ideology. He will say anything to protect the status quo.
Just like here where the only place you will find good news about the
economy is in the far left media which is basically all of the media.
Oh, and in The Garden of Oregon.
It must be nice to think you are always right when you are always
wrong. I guess that's what pompous assivity is all about.
Yeah, good news is bad because it comes from conservatives. I cannot
seem to find much past good news from anyone amazingly. Because there
was none. The country was totally fucked up.
You'd think it was our government running Argentina.
On 5/20/2024 4:24 PM, George Anthony wrote:
Yeah, good news is bad because it comes from conservatives. I cannot
seem to find much past good news from anyone amazingly. Because
there was none. The country was totally fucked up.
You'd think it was our government running Argentina.
Exactly. If you vote for democrats, this is what you're voting for.
It's suicide, but that's what the left wants.
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