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MASSIVE PROTESTS IN ARGENTINA TAKING PLACE NOW IN ARGENTINA AGAINST PRESIDENT CRISTINA! live STREAMING!

 
Anonymous Coward
User ID: 13700709
Argentina
09/13/2012 07:24 PM
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MASSIVE PROTESTS IN ARGENTINA TAKING PLACE NOW IN ARGENTINA AGAINST PRESIDENT CRISTINA! live STREAMING!
Live Streaming
[link to es.wwitv.com]


The people is tired of 25% inflation, demagogy, populism, corruption, crime and lies by the corrupt government
MASSIVE protest taking place now in all major cities "2001 cacerolazo style" .
***************************************************

must read article by a US guy about argentinian crisis. excellent for Foreign REAL STATE TARDS.


Crisis Replay... Soon Argentina Will Be on Sale Again
By Ronan McMahon, editor, Real Estate Trend Alert
Thursday, September 6, 2012

Just over a decade ago, Argentina spectacularly unraveled with the biggest default in history – $100 billion.

Dollar deposits were converted to pesos. Then, overnight, the peg of one-to-one with the dollar was broken. The unpegged currency was immediately devalued. Savings were wiped out. Banks were set alight. And locals took to the streets in protest.

That crisis created the biggest buying opportunity of a decade. During the fire sales, you could have picked up a historic, high-end property in Buenos Aires or a vineyard in Mendoza for a song.

Today, Argentina is back in a bind. There is a strong possibility of another crack-up within the next year. And then we'll have the same opportunity we had a decade ago.

The signs are all there. The streets of Buenos Aires have recently seen the return of the backstreet currency exchange.

According to the official exchange rate, which is subject to capital controls, 4.4 pesos buys you a dollar. But on the street, people are happy to pay up to 6.7. Inflation runs at 25%. The purchasing power of an Argentine's peso savings is going down by one-quarter each year.

The government claims inflation is 9.9% and has outlawed calculating or quoting any other inflation rate. Forty percent of dollar deposits have been withdrawn from Argentina since last October. Now there are capital controls. You need special permission to move your dollars overseas.

To take a foreign vacation, Argentines have to apply to a bureaucrat for permission and explain where they got the money for the trip. And there are rumors that it will be made illegal to talk about the existence of the shadow market exchange rate for dollars.

But a lot of Argentines' dollars and pesos don't reside in bank accounts. Property transactions typically take place in special rooms in lawyers' offices, and they're cash deals. There's that much distrust of banks. They are fine for day-to-day things like paying your electric bill. Not for your savings, though.

And these transactions more often than not take place in dollars... If you pay in dollars, you could get 25% off the price of property. The government has outlawed this, making the buying and selling of real estate in dollars illegal. Just one more rule Argentines will find their way around.

By some reports, if an Argentine company complied with all the taxes and tariffs it faces, they would eat up more than the company's pretax profits. So the shadow economy thrives... by necessity, it seems, rather than greed to pay less tax. Middle-class day-trippers take the ferry to Uruguay to put their savings in deposit boxes. The rich spend millions on condos in Punta del Este, Uruguay.

For Argentines, real estate is their bank. They understand inflation and expropriation from bank and pension accounts. If they have some spare cash, they'll buy an apartment. Or a beach home across the Río de la Plata in Uruguay. Or a condo in Miami.

Now, fewer Argentines are using local real estate as a hedge against inflation. New construction and permit applications have fallen off a cliff. They just want their cash out.

The government claims that the rate of outflow has slowed. But with every passing week, companies and individuals figure out new ways to get their cash out. For instance, companies buy financial instruments locally in pesos that they immediately resell in New York for dollars.

Argentines have seen it all before. When a government and a banking system take your life's work with the stroke of a pen, you don't forget. If you're lucky enough to rebuild your savings, the next time you will be ready. And the harder the Argentine president, Cristina Kirchner, tries to keep assets in the country, the more they'll be siphoned out.

Meantime, Argentina is all but frozen out of international debt markets. The government hasn't reached a settlement with the group of creditors (known as the Paris Club) since its last default. So the country and the banking system desperately need these deposits to stay afloat.

But they continue to do incredibly dumb things. Two years ago, President Kirchner seized private pension accounts. Now she is going to lend $4.4 billion of this money, at a rate of one-tenth the inflation rate, to new home buyers. A lottery will decide who gets the loans – not capacity to repay.

Argentina has major competitive advantages in beef production. But land under beef farming is contracting. Beef producers face large and complicated export tariffs and are forced to sell cheaply to the domestic market. Many have moved operations to Uruguay or switched to soya.

It's one crackpot idea after another. And the cycle repeats. Expropriating your citizens' savings or international companies like YPF (a subsidiary of Spanish oil company Repsol), which President Kirchner nationalized last April, might buy you some time. But not much. The writing is on the wall.

In the last crisis, the trigger event was Argentina's massive default on its sovereign debt. This time around, Argentina doesn't face that scenario. Government spending has to be funded from printing presses, taxes, and expropriation of personal or company assets. It's hard to see how the government can collect more taxes. The printing presses are already causing the inflation and the rush to backstreet currency-exchange brokers. There's a limit to what you can expropriate.

This time around, the trigger event for a full-scale crisis will be the country running out of hard currency. There will be no money to pay for imports. Argentina can make do without more Porsches and Gucci handbags, but the country will grind to a halt if industry and energy-producers can't get their hands on crucial imports. The factories will shut.

finish the rest of the article below to be in compliance with GLPs copyright 50% posting rule with link to source
[link to www.eltrecetv.com.ar]

Anonymous Coward (OP)
User ID: 13700709
Argentina
09/13/2012 07:26 PM
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Re: MASSIVE PROTESTS IN ARGENTINA TAKING PLACE NOW IN ARGENTINA AGAINST PRESIDENT CRISTINA! live STREAMING!
Argentinian have gone when no other crazy nation has gone before

We can´t even buy foreign currency. and we are trapped with local pesos. argentinian savers are trapped

President Cristina "Fear God, and Fear me a little bit" recently live on TV.
Anonymous Coward
User ID: 23311270
United States
09/13/2012 07:27 PM
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Re: MASSIVE PROTESTS IN ARGENTINA TAKING PLACE NOW IN ARGENTINA AGAINST PRESIDENT CRISTINA! live STREAMING!
bump for the link
Anonymous Coward (OP)
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Argentina
09/13/2012 07:28 PM
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Re: MASSIVE PROTESTS IN ARGENTINA TAKING PLACE NOW IN ARGENTINA AGAINST PRESIDENT CRISTINA! live STREAMING!
LIVE STREAMING !

[link to www.eltrecetv.com.ar]
Anonymous Coward (OP)
User ID: 13700709
Argentina
09/13/2012 07:29 PM
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Re: MASSIVE PROTESTS IN ARGENTINA TAKING PLACE NOW IN ARGENTINA AGAINST PRESIDENT CRISTINA! live STREAMING!
bump for the link
 Quoting: Oyster


THANKS FOR YOUR SUPPORT in our dark times.


ARGENTINIAN NEVER LEARN!

AFTER THE TOTAL COLLAPSE OF 2001 we are again trapped in a big crisis full of inflation,crime , populism and total capital control!

we can´t send money away or escape from pesos.

ARGENTINIANTARDS NEVER LEARN slaphim
Anonymous Coward
User ID: 23311270
United States
09/13/2012 07:29 PM
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Re: MASSIVE PROTESTS IN ARGENTINA TAKING PLACE NOW IN ARGENTINA AGAINST PRESIDENT CRISTINA! live STREAMING!
LIVE STREAMING !

[link to www.eltrecetv.com.ar]

 Quoting: Strongman Shelford


that's alot of fucking people

suggest pin, five stars
Anonymous Coward
User ID: 23730171
United States
09/13/2012 07:30 PM
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Re: MASSIVE PROTESTS IN ARGENTINA TAKING PLACE NOW IN ARGENTINA AGAINST PRESIDENT CRISTINA! live STREAMING!
You need to learn to be patient, the president can't change things overnight.
Anonymous Coward
User ID: 8392006
United States
09/13/2012 07:30 PM
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Re: MASSIVE PROTESTS IN ARGENTINA TAKING PLACE NOW IN ARGENTINA AGAINST PRESIDENT CRISTINA! live STREAMING!
Lets hope this change that you seek can be accomplished peacefully.
Anonymous Coward
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09/13/2012 07:30 PM
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Re: MASSIVE PROTESTS IN ARGENTINA TAKING PLACE NOW IN ARGENTINA AGAINST PRESIDENT CRISTINA! live STREAMING!
there are even elderly people out there.

shit must be real
Anonymous Coward (OP)
User ID: 13700709
Argentina
09/13/2012 07:31 PM
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Re: MASSIVE PROTESTS IN ARGENTINA TAKING PLACE NOW IN ARGENTINA AGAINST PRESIDENT CRISTINA! live STREAMING!
CACEROLAZO is the argentinian style for protesting against government
just hitting pans with spoons!
Anonymous Coward
User ID: 23710403
09/13/2012 07:32 PM
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Re: MASSIVE PROTESTS IN ARGENTINA TAKING PLACE NOW IN ARGENTINA AGAINST PRESIDENT CRISTINA! live STREAMING!
You need to learn to be patient, the president can't change things overnight.
 Quoting: Anonymous Coward 23730171


They've had 9 years and all they did is hotel resorts in the south
Anonymous Coward (OP)
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Argentina
09/13/2012 07:32 PM
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Re: MASSIVE PROTESTS IN ARGENTINA TAKING PLACE NOW IN ARGENTINA AGAINST PRESIDENT CRISTINA! live STREAMING!
A VIDEO SO YOU CAN SEE HOW THE BIG "CACEROLAZO" HAPPENED IN 2001



CACEROLAZO = ARGENTINIAN STYLE OF PROTESTING AGAINST THEIR RULERS
Anonymous Coward
User ID: 23311270
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09/13/2012 07:33 PM
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Re: MASSIVE PROTESTS IN ARGENTINA TAKING PLACE NOW IN ARGENTINA AGAINST PRESIDENT CRISTINA! live STREAMING!
are they given estimates on the number of protestors?

every shot they show seems to be thousands
Anonymous Coward (OP)
User ID: 13700709
Argentina
09/13/2012 07:33 PM
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Re: MASSIVE PROTESTS IN ARGENTINA TAKING PLACE NOW IN ARGENTINA AGAINST PRESIDENT CRISTINA! live STREAMING!
You need to learn to be patient, the president can't change things overnight.
 Quoting: Anonymous Coward 23730171


They've had 9 years and all they did is hotel resorts in the south
 Quoting: Anonymous Coward 23710403


YEAH RIGHt. they totally closed the country. they lie with inflation rate. a corrupt vicepresident. corrupt ministers.
total demagogy.

After 9 months, a big protest is happening. Sheeple is learning a bit faster.
Anonymous Coward
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09/13/2012 07:33 PM
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Re: MASSIVE PROTESTS IN ARGENTINA TAKING PLACE NOW IN ARGENTINA AGAINST PRESIDENT CRISTINA! live STREAMING!
Live Streaming

The people is tired of 25% inflation, demagogy, populism, corruption, crime and lies by the corrupt government

link coming
 Quoting: Strongman Shelford


where are you¿? im in colegiales cap fed and its loud here
northerntomcat

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Canada
09/13/2012 07:33 PM
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Re: MASSIVE PROTESTS IN ARGENTINA TAKING PLACE NOW IN ARGENTINA AGAINST PRESIDENT CRISTINA! live STREAMING!
Wow!Someone NOT protesting against the US.
If you cross country ski, start with a small country.
Anonymous Coward (OP)
User ID: 13700709
Argentina
09/13/2012 07:34 PM
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Re: MASSIVE PROTESTS IN ARGENTINA TAKING PLACE NOW IN ARGENTINA AGAINST PRESIDENT CRISTINA! live STREAMING!
are they given estimates on the number of protestors?

every shot they show seems to be thousands
 Quoting: Oyster


thousands in all major cities. taking place now

This is Strongman Shelford reporting LIVE

AND THIS, IS GODLIKEPRODUCTIONS.COM

clappa

It looks like 200 .000 only buenos aires or more.
Anonymous Coward
User ID: 17793849
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09/13/2012 07:34 PM
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Re: MASSIVE PROTESTS IN ARGENTINA TAKING PLACE NOW IN ARGENTINA AGAINST PRESIDENT CRISTINA! live STREAMING!
They have gathered in the Plaza of Mayonnaise
Anonymous Coward
User ID: 17793849
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09/13/2012 07:36 PM
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This is some hardcore protesting, looks more like mardi gras
Anonymous Coward (OP)
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Argentina
09/13/2012 07:36 PM
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Re: MASSIVE PROTESTS IN ARGENTINA TAKING PLACE NOW IN ARGENTINA AGAINST PRESIDENT CRISTINA! live STREAMING!
They have gathered in the Plaza of Mayonnaise
 Quoting: Anonymous Coward 17793849


hehe is Plaza de Mayo.

it is where the Pink House ( "Casa Rosada" = Presidential Palace), the Cathedral and the Minister of Economy are.


THE BIG THING FOR YOU:

ALL THE PROTESTS WERE ORGANIZED "EGYPTIAN" STYLE: ALL MADE BY SOCIAL NETWORKS VIA FACEBOOK AND TWITTER
Schizoid Renegade

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09/13/2012 07:37 PM
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Re: MASSIVE PROTESTS IN ARGENTINA TAKING PLACE NOW IN ARGENTINA AGAINST PRESIDENT CRISTINA! live STREAMING!
Awake in Argentina , not like those tiny so called protests on u.s embassy's 5a
Anonymous Coward (OP)
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Argentina
09/13/2012 07:37 PM
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Re: MASSIVE PROTESTS IN ARGENTINA TAKING PLACE NOW IN ARGENTINA AGAINST PRESIDENT CRISTINA! live STREAMING!
This is some hardcore protesting, looks more like mardi gras
 Quoting: Anonymous Coward 17793849


yeah when argentinians get crazy , don´t open a food store nearby!
Anonymous Coward
User ID: 17793849
United States
09/13/2012 07:38 PM
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Re: MASSIVE PROTESTS IN ARGENTINA TAKING PLACE NOW IN ARGENTINA AGAINST PRESIDENT CRISTINA! live STREAMING!
They have gathered in the Plaza of Mayonnaise
 Quoting: Anonymous Coward 17793849


hehe is Plaza de Mayo.

it is where the Pink House ( "Casa Rosada" = Presidential Palace), the Cathedral and the Minister of Economy are.


THE BIG THING FOR YOU:

ALL THE PROTESTS WERE ORGANIZED "EGYPTIAN" STYLE: ALL MADE BY SOCIAL NETWORKS VIA FACEBOOK AND TWITTER

 Quoting: Strongman Shelford


So its like Chic-Fil-a day.... but with a lot of tiny Argentinian flags instead of chicken sandwiches.
Anonymous Coward (OP)
User ID: 13700709
Argentina
09/13/2012 07:38 PM
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Re: MASSIVE PROTESTS IN ARGENTINA TAKING PLACE NOW IN ARGENTINA AGAINST PRESIDENT CRISTINA! live STREAMING!
Wow!Someone NOT protesting against the US.
 Quoting: northerntomcat



hehe. Argentinian are too sheeple to understand they are big slaves and part of the Anglosaxon Empire.
They are not that awaken yet. They don´t visit GLP on a daily basis.
Anonymous Coward (OP)
User ID: 13700709
Argentina
09/13/2012 07:40 PM
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Lets hope this change that you seek can be accomplished peacefully.
 Quoting: Anonymous Coward 8392006


thanks we are a fractal representation of what will happened in the world later.
Anonymous Coward (OP)
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Argentina
09/13/2012 07:40 PM
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Re: MASSIVE PROTESTS IN ARGENTINA TAKING PLACE NOW IN ARGENTINA AGAINST PRESIDENT CRISTINA! live STREAMING!
WOW THANKS MODS I GOT PINNED

clappa
taniatarn

User ID: 21658555
New Zealand
09/13/2012 07:40 PM
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Re: MASSIVE PROTESTS IN ARGENTINA TAKING PLACE NOW IN ARGENTINA AGAINST PRESIDENT CRISTINA! live STREAMING!
They have gathered in the Plaza of Mayonnaise
 Quoting: Anonymous Coward 17793849


hehe is Plaza de Mayo.

it is where the Pink House ( "Casa Rosada" = Presidential Palace), the Cathedral and the Minister of Economy are.


THE BIG THING FOR YOU:

ALL THE PROTESTS WERE ORGANIZED "EGYPTIAN" STYLE: ALL MADE BY SOCIAL NETWORKS VIA FACEBOOK AND TWITTER

 Quoting: Strongman Shelford


Yes the age of facebook and sms..
5a
Interested observer of all things interesting!

Please note : Where appropriate for posted images/ graphs I acknowledge the New Zealand GeoNet project and its sponsors EQC, GNS Science and LINZ, for providing data/images used in my study and analyses of Volcanic and Earthquake information in New Zealand.
Anonymous Coward
User ID: 23705957
United States
09/13/2012 07:42 PM
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Anonymous Coward
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09/13/2012 07:42 PM
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Re: MASSIVE PROTESTS IN ARGENTINA TAKING PLACE NOW IN ARGENTINA AGAINST PRESIDENT CRISTINA! live STREAMING!
Wow!Someone NOT protesting against the US.
 Quoting: northerntomcat



hehe. Argentinian are too sheeple to understand they are big slaves and part of the Anglosaxon Empire.
They are not that awaken yet. They don´t visit GLP on a daily basis.
 Quoting: Strongman Shelford


I think your leader in Argentina is becoming a lot like some dictators out there. Argentina is not a country on the minds of most people in the world. I think your leader is just trying to make a name for herself and make a lot of noise.

Its referred to as Napoleon Complex, small person in stature, trying to sound much bigger than they are.
Muzzle

User ID: 23682201
United States
09/13/2012 07:42 PM
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Re: MASSIVE PROTESTS IN ARGENTINA TAKING PLACE NOW IN ARGENTINA AGAINST PRESIDENT CRISTINA! live STREAMING!
I seem to remember that the occupants of Buenos Aires outvote the rest of the nation and elected the Socialists Cristina and her late husband.
If Argentina had an electoral college like the US States do, they would likely have a better government.

Last Edited by MuzzleBreak on 09/13/2012 07:44 PM
In his book, "Between Two Ages," Brzezinski wrote: "The technetronic era involves the gradual appearance of a more controlled society. Such a society would be dominated by an elite, unrestrained by traditional values."

MuzzleBreak
Dangerwalt

User ID: 22103379
Brazil
09/13/2012 07:43 PM

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LIVE STREAMING !

[link to www.eltrecetv.com.ar]

 Quoting: Strongman Shelford


Thanks.

Go Argentina.hfhfhf
Just one any....

The first symptom of stupidity is to think that we already know everything...

hollowichigo

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