CURRENCY WARS are here. AND SO IT BEGINS. Venezuela, FULL attack from Japan, Argentina, Hollande also in. who is next?

hey mods thanks for the instapin as usual


google this one too:


G7 fires warning shot over currencies, Japan sanguine

you need Europe to go down first. THen the US and the fat lady will sing.

kiss for you too

not illegal. but BANNED from official sales by banks
we can´t access .9999 IMPORTED gold or foreign currency.

we can still get some local refined gold. but it is not considered currency.

I like this vid. enjoy it too:

How are average Argentines dealing with this? What is the public sentiment compared to media sentiment?

Are the police and military going to stand with the currrent gov't or with their starving families?

Are there popular movements among the public that have the chance to get any traction?

Thanks in advance. Excellent post OP.

almost forgot,

Your Cristina Fernández de Kirchner is our Sara Palin.

Anyone else notice the milf-o-licous detatched ignorance factor?

Hate to inform you but there is NO CURRENCY WAR! GET THAT? There however is a shortage of acceptable collateral to reflate the global economy.... 2008 created a major SHORTAGE of dollars to keep the system inflated, financial assets that served as collateral was found wanting.... the Fed Reserve needs collateral to expand the dollar supply.... Japan prints Yen (asset/liability), the Fed prints dollars (liability/asset), Yen is swapped for dollars, dollars swapped for Yen... the currency war "marketing" operation is designed to restore & replenish "reserve currency dollar" reserves that were destroyed 2008-10..... TPTB are advertising their reflation operation as a currency war to the multitudes to prevent the fraud of THEIR fiat money from being discovered by the masses!

argentinian are doing this:

1) spending like crazy. there is a bubble in consumption here.
2) very rich guys have being moving their assets overseas and buying real state like in Uruguay.
3) very few are going for gold and silver. very few goldtards and silvertards as a % of local population
4) taking pesos-nominated loans for buying new fancy cars, or new holidays overseas since "we won´t have another chance to go to the Caribe or Europe".

I must be clear: consumption is record high . Argentinians are spending their last dimes.
but economic activity is slowing in some sectors and crashing in others ( construction, real state sales).

we are still walking. no clue what the military men and women will do in extreme conditions.

there are no big popular movements that can create something big for now.

Hate to inform you but there is NO CURRENCY WAR! GET THAT? There however is a shortage of acceptable collateral to reflate the global economy.... 2008 created a major SHORTAGE of dollars to keep the system inflated, financial assets that served as collateral was found wanting.... the Fed Reserve needs collateral to expand the dollar supply.... Japan prints Yen (asset/liability), the Fed prints dollars (liability/asset), Yen is swapped for dollars, dollars swapped for Yen... the currency war "marketing" operation is designed to restore & replenish "reserve currency dollar" reserves that were destroyed 2008-10..... TPTB are advertising their reflation operation as a currency war to the multitudes to prevent the fraud of THEIR fiat money from being discovered by the masses!

I like your thesis. but currency wars is a typical result of a slowing global economy. and yes, there is a fraud fiat money system in place.
So I don´t believe your thesis is invalidating the currency wars thesis.
you talked about the yen. but not about the euro, or latin currencies.

Can it be exchanged for your country's currency and what is the value ? TIA !

Thank you OP

gold in the black market is for a exchange rate of 7.7$ pesos per dollar.
"official" exchange rate is 5.
So go figure

Wait a minute which is it ? you said it was illegal in one post and then in this post and then in one of your other posts you say you can get local Gold but it's not considered currency. Which is it dude ?

Explain it for us non-Agentinians in some form we can understand Thanks!

wow that is almost a 47% premium............Get it !!
Intersting thanks ! (its really better than a 50% premium but I think you get my point)
Are you and your fellow Argentinians worried at all about further devaluation of you currency or are you confident that this 47% devaluation is it. ?

Thanks alot for giving a first hand look into what is really going on there !! KUDOS to you !

ok . english is not my native language and this is a bit complex ... let me try again:

1) the government BANNED official gold sales for "hoarding" which means noone can go to a bank and buy bullion.
no foreign currencies are allowed for "savings". only under specific conditions and requirements ( you need to be approved by the argentinian version of the IRS called AFIP)

2) there is one bank which is recycling local gold and selling bullion. this is not considered "foreign currency" and it is not a currency since is gold .999 and not gold .9999
3) there is a black market for gold and silver of course.

Dude you are a book of info that is great !

My next post asked another question !
Thanks again for answering !

So, excuse my ignorance but the broke dick governments hedge on the way up, and hedge on the way down? And we are on the way down now, right?

let the bankster talk:

"it is easy sheep. I am up and you must stay down"

worried yes. they are starting to smell that things are not going well after all
others are hitting the panic button with the control of prices. or so called "price agreements"

A++++++++++++++


WAIT! Only problem is that American men still have their guns! UT OOH!

Bet the bad guys shittin themselves.

to follow up, the best thing that could happen is that the world dumps the dollar. Sure there will be some hardships, but NOTHING like the genocide the corrupt have planned for mankind.

The dollar being dumped will be like a huge toilet flushing in London and DC purging the corrupt to all four corners of the Earth.

Gracias hermano...

Many Argentinians coming over to Chile, buying whatever they can get. Food, plasma TV or buying US$, Gold.

It's so a rich country, wouldn't it be run be Kirchners or Menems. She, the President, is one the richest in the country.


Cristina Fernández Kirchner’s assets grew to 82 million pesos in nine years
[link to latinamericacurrentevents.com]


...read also:
Holding the Kirchners Accountable for Argentina’s Economic Freefall
[link to www.heritage.org]

QUOTE:
Pension Nationalization. In October 2008, the Kirchners nationalized about $30 billion of private pension funds (similar to 401(k) accounts in the U.S.) under the pretext of “saving” these funds from the market downturn.

:::

The Kirchners own a 45 percent stake in Los Sauces, one of the most expensive hotels in their hometown of El Calafate, and 98 percent of Hotesur, a company whose main asset is Alto Calafate, another luxury hotel in town.[8] Tiny (population about 6,000)[9] and remote (about 1,700 miles southwest of Buenos Aires), El Calafate nevertheless enjoys fre­quent daily commercial jet service by the state-owned airline, Aerolineas Argentinas.[10] The flights are reportedly rarely filled to capacity; the flight crews are lodged each night at the hotel Alto Calafate, at the government-owned airline’s expense.[11]

News reports suggest that the Kirchners may have accumulated additional assets not declared on their financial disclosure statements.[12] The govern­ments of Switzerland, Luxembourg, and Liechten­stein filed reports alleging suspicious transactions by the Kirchners personally as well as by members of their inner circle of ministers and advisers.
UNQUOTE:


Not to mention the mess she is doing to get the Falklands/Malvinas back.

Insane the Lady.

Heads up for you all, hermanos.

I've got a bunch of silver. But, silver had it's ride...get used to going sideways and, at least, slightly downwards for some time.

this chilean poster is providing real information. sad but true.
thanks hermano

because you need to ride it
silvertards, we ride!

The world needs acceptable collateral to create REAL credit... but all acceptable collateral is now highly levered & hypothecated... the U.S. consumer, a major source of inflation is debted out..... the dollar is reserve currency, euro, yen, peso, etc. are derivatives of the dollar.... the global system requires dollars to service dollar denominated credit & commodities.... the shortage of dollars is sucking dollars out of the currency derivative banks.... creating deflation within the local economy..... the Fed IS A BANK & lacking collateral has to use currency swaps to restore dollars in foreign banks or face a collapse! Argentina ran out of dollars which means they ran out of REAL credit causing a major shortage of goods.... PRICES began skyrocketing forcing the .gov to print additional media of exchange to allow the flow of commerce to operate.....if the Fed cannot restore dollars back into the G7 NATIONS Banks, Argentina will serve as the model for the entire world.....

Traditionally, there are 3 phases for any parabolic curve. The first is relatively flat over an extended period of time. Then the eye notices slightly more curvature as the parabola portion opens up and then finally you begin to see the curve asymptotically approach a vertical line.

We are on the vertical line, or to coin a Goreian phrase the puck end of the hockey stick.

cheap Toyotas!