Schlagwort-Archive: Argentina

Well look back over this blog

I warned you over an over again. The Austrians warned before the world war two. But it happens over and over again states are paradises for thieves, but it just gets along some time. And you will loose eventually. Nothing will change that now it’s Argentina again:http://www.zerohedge.com/news/2014-02-09/heres-what-it-looks-when-your-countrys-economy-collapses

It’s as usual. The government promises can’t be kept. There is not enough of anything to fullfill this lies. And as you can see before there is an extreme expanson of government spending. Which of course is just driven be debts. The endless blog entries on Zerohedge are “im”(de)pressing
http://www.zerohedge.com/search/apachesolr_search/ type in Argentina

I warned you in 2011 what will come along and it’s starting. Not in the US or EU (currently) but the states farther down the path to destruction. See what I warned you for and what I propose to do about it for yourself. I needed 5 years to get all the things properly “set-up”. I hope it was enough, and I hope also I will get out of here before the next war comes….

The spiral of interventions

Well now we see another template example of interventions.

Argentina, has obviously left the area of markets due to the “politics” of Mrs Kirchner and her spouse. In a side-note
of the newspaper of my wife I found: Inflation 25% and official course between Peso and $. And what has happened before.

It started with good running exports and higher as usual prices for the exported goods. So far so normal, then comes the Kirchners and what did they do?
They spend this money on welfare (and if there is but one way to get money burned faster, really burn it). This has bought here enough votes (yes the merits of democracy) to
get re-elected. and it has come as it always comes.

The prices for the export goods are falling and she does not have enough money for their “welfare” operations. Well one might think well one must cut them back. That’s normal thinking, but not the
Deledefs way, and so they make more debts (one just can say as usual) and started to make restrictions on free trade. Well if you mess with the markets the only answer there is appears, the prices start
raising. And indeed even the stupid newspaper of my wife at least has to “admit” that inflation is beyond 25%. 25% means in a little over 3 years your property halfs in money value. You can bet the only things raising as fast as inflation are always the all-day-needed goods. And so the poor start paying the bill immediately.

Now the people act logically and try to get rid of the Peso and that means they buy other currencies, and this get the next reaction. Controls on the money export/exchange and indeed this is what Frau Kirchner and the Poligangsters did, they “forbid” exchanging into $ and now $ are scarce and a scarce thing does what? Exactly it raised in Price, now the official exchange rate and the “paid” exchange rate differ around 40%.
Very “appealing”, the members of the parliament (probably of Mrs Kirchners party), do what? They buy more Dollars and they can, so much to “equality” before the law

So the end is coming, and the interventions gets more and more by the hour. People which have gained at least some wealth are not expropriated by the inflation initiated by interventions of the state. The sucker spiral turns faster. I guess within the next 5 years Argentina will fall back below 3rd world level. So dear Argentines, say “thank you” to your deledefs. And bite yourself because of your stupidity.

Other races to the bottom

Well one might think some countries may learn from their own but also from other’s countries faults. I guess I’m again very mistaken about it.
As I wrote before it’s obvious that the USA, Eurozone, Japan and China are racing to the bottom. One may ask why I include China the “big grower”. Well very easy
I say bubbles. And in China the bubble with houses are obvious. It’s not yet the case that every Chinese can buy for 1000€/m-² or whatever the price is.
But it does not matter they have planned and build cities our in the nowhere an hardly anyone has settled there. So that’s a classical malinvestement.

Last but not least Chins is a socialistic dictatorship. The PARTY is capable of nearly everything (as long as the party members are covered by their companions) I guess it would be very interesting to see how wealthy the member of the party are. I bet 1000:1 they are all much “richer” than the average Chinese worker. Every other outcome would be a big surprise

But I do not want to write about the stupidities of the developed countries. But the stupidity of socialists world wide. As you know Argentina has defaulted some 15 or so years ago. And now they start expropriating the “oil companies”. Well the promises they made before the votes have cost dearly and Inflation is a serious problem to anyone living there. But hey it’s not the actions to kill the market, it’s the speculators stupid. Argentina has wiped our the middle class after that default. And now they want to wipe out the lower middle class also. So yes they have not learned the smallest think, neither from their own faults nor the money printing faults of other countries. So you can count in Argentina on the race to the bottom. I guess they will take the pace sooner than later.

The other stupid countries are Bolivia and Venezuela. In every country the socialists are at work and you can see it everywhere. Expropriation every where. Stealing from the people with high inflation and wiping out the small wealth the people have accumulated. So they will go down also. That’s so fucking stupid and sad….