Argentinean society breaks down amidst 25% inflation

6 comments on “Argentinean society breaks down amidst 25% inflation
  1. reymidas says:

    not real big deal. organized looting. scholar buses carrying the protesters. this smell like opposing union leaders hands or same government hands. it is your take.
    Socialists against Socialists. You can´t win that fight.

  2. Spaniard says:

    @reymidas. Socialists to the core totally overran by corporations- Bill Gates’ interests include agriculture (Monsanto), mining (gold and silver), farmland, water… Monsanto is biggest in Argentina. Besides, they awfully misused their hydrocarbons reserves and most of their once abundant resources (ruined soil’s fertility, depleted fishing stocks, depleted aquifers, poisoned soil and water with plenty of fertilizers and GMOs, etc.). That country is doomed like few others. They would survive nuclear apocalypse, though, only to die by genetic corruption, famine, sickness and what not. I would love to see them react before, because there is yet a lot of goodness in there, however, they really have everything against them. Good luck, lads.

  3. Bill Stewart says:

    Inflating the Balloon: Brazil injected R$400 billion in its public banks in the last 5 years

    Brazil’s national treasury has injected R$ 390.1 billion in the three banks controlled by the federal government (BNDES, Banco do Brasil, and Caixa Economica Federal) between late 2006 and October this year. During the period, the three banks’ market share of total loans rose from 36.8% to 46.6%.

    The boom is a result of the government’s strategy to stimulate the economy and increase competition in the financial sector. The strategy remains active. It was just recently that the finance minister Guido Mantega announced another R$ 100 billion for 2013.

    For many analysts, however, the model adopted by the government brings at least two risks. The first is financial: a very rapid credit growth may entail heavy losses in the future if there is any abrupt change in the Brazilian and/or global economy. That’s what led to the financial crisis that erupted in 2008.

    “If today, with the Brazilian economy in a relatively good condition, default rates are high, what can happen if there is a turnaround?”, asked Austin Rating analyst Luis Miguel Santacreu. He argues that, currently, “the credit is walking ahead of the economy, when the ideal is that the two walk together.”

  4. This post brought back happy memories. At the time there was nothing happy about it at all!!!
    The Malvinos Island/Falkland Crisis was brewing up. Britain had excellent Diplomatic relations with Argentina. There was no need for war! … But, a lot of Military Kit needed testing. The Harrier Jymp Jet, was being developed as a Naval Version, it had startling manoeverability. Mrs. Thatcher promised to turn Paris into a radioactive glass car park, if France failed to send her the Exocet stand-down codes.
    Wow! The Iron Lady! sure wore Steel Bloomers with Rivets! OMG.. It was chaos!

  5. someoneionceknew says:

    Looks like the NED is acting up.

  6. Silver Phoenix says:

    Desperate for necessities, like wide screen LCD TVs..