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2 weeks ago I GLP-COMPLAINED about ARGENTINA messy HARDCORE CAPITAL Controls. This week Argentina 'sCURRENCY CARSHED 17%...
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Remember : I tried to explain you that the argentinian lessons will be slowly experience by every developed country with huge debt and fiscal deficits.
Europe , USA, Japan are on the list.
We are under EXTREME CAPITAL CONTROLS. WE HAVE TO CHECK with the government online.
This is my post from 2 weeks ago:
Thread: ARGENTINA: we can´t buy foreign currency. inflation rate exploded. we MUST CHECK ONLINE with the gov BEFORE TRAVELING...
now , this week : ARGENTINIAN PESO CARSHED 17%.
Yes.
And 56% yoy.
reaction of the sheeple: total denial. Even the most stupid is starting to get uncomfortable.
The government was losing reserves slowly so they got desperated.
They let the currency fall .
They said today that they are lifting capital controls. Individuals can go back and to the banks and buy foreign currency.
But they WILL FAIL. This is because people ( not corporations) are allowed but they must FIRST make a FORMAL REQUEST at the local IRS ( AFIP) website ( local tax collection agency).
THEY ARE GOING TO FAIL. They are desperate. Their socialist experiment is being attacked from inside by local and foreign enemies: they smell blood.
Our fiscal situation is extremely weak.
Please learn the lessons. IMF wants SIMILAR STRATEGIES for ALL OF YOU. THEY WANT TO confiscate PENSION FUNDS because they are salivating with your pension funds from years.
They will give you GOVERNMENT BONDS because they will "protect you from market speculators".
You CAN CHANGE ALL OF THIS NOW. YOU CAN TREND THE GLOBAL SLAVERY and the HARDCORE CURRENCY CONTROLS are being slowly implemented all over the world. If this trend continues, it will happen to a country near you. And then in your country.
We can change that.
How Did I AVOID all these currency controls?
1) I a a bank analyst
2) I am a GLPer
3) I am a goldtard
There is a beatiful loophole in these capital controls people like me exploited from the beginning. We couldn´t buy foreign currency but we can still BUY with our credit card at the official exchange rate. Black market rate (ARS to US dollars) exploded up to 70%.
So I bought GOLD OVERSEAS! I paid the official rate. The goverment smarted up. They CREATED A TAX OF 15% FOR ONLINE PURCHASES. THEN 20% THEN 35%!
I reported that in the past:
Thread: I CAN´T BUY foreign currency or gold. we pay 20% credit tax for online purchases.Inflation soaring. MASSIVE capital controls. ASK ME a question
Socialist government denied their failure . Like in France:
Thread: SOCIALIST FRANCE GOES full RETARD. Never Go Full Retard, France. 75% TAX ON High Earners!
You can go and read this one:
Argentina Eases Currency Controls, but Citizens Are Not Reassured
[link to www.nytimes.com]
I LIVE IN A GOLD EXPORTER country but we can´t access to gold and silver at the banks. THEY BANNED GOLD SALES!
Let´s see what happens next week. I guess they will fail because the only way to prosper is create the rules for capital formation and investment. When you chase investors money like a crazy monster, then you are doomed.
If you chase investors telling them " give me a piece of your money since I woke up today with the idea of distributing wealth using your money" then capital will head overseas. Doom.
You have to find the right balance. Socialism is always doomed. Hardcore capitalism takes you to a globalist corporatocratic government and you became slaves from a foreign master.
So what should we do? we need COLLECTIVE AWARENESS.
And start demanding what we need. There IS SO MUCH ABUNDANCE that we can stop world poverty. And we could EVEN ABOLISH money if we could start sharing again peacefully like the ancient times. But maybe we need thousands of years of evolution to achieve that.
NOW RECOMMENDED LINKS:
In Argentina, a Populist Formula Goes Flat
[link to online.wsj.com]
[link to www.bbc.co.uk]
Argentina to ease foreign exchange controls after peso slump
PS: when you go physical, governments can´t find your gold hidden in your yard. they can´t confiscate.
They CAN confiscate bonds, pension funds, your income...
but they can´t go to your yard and confiscate your TANGIBLE ASSETS .
So this is the ULTIMATE strategy. Because the developed WORLD is broke and WE ALL know this is 2010:
just read the Ring of FIre by PIMCO ( world largest bond fund)
THere is wisdom in these words. Since :
1) I lived hyperinflation at the age of 9. While we were shopping and buying a tomato can at that time...a foodstore employee was approaching us while changing prices. Food stores changed prices 3 times per day. we had 1000% in 1989 in one month
2) I got my business degree in 2004. I learnt about globalization. They brainwashed my with harvard and yale lessons about the success of globalization and how we should worship the american business model.
I learnt later what GLOBALIZATION was all about:
Hey, I am not a leftist at all. I am not a conservative either. Left or Right wings are the old PARADIGM
there is only US. we live in a DUALITY : SLAVE-MASTER world.
No left or right.
WE ONLY NEED GLOBAL AWARENESS.
PLEASE share our experiences. One by one, you will all experience the ARGENTINIAN HARDCORE lessons ...all of you.
We can stop this, if we have act now.
Strongman Shelford.
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