Author Topic: Argentines jockey to cope with economic turmoil  (Read 1886 times)

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Offline BlueStateSaint

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Argentines jockey to cope with economic turmoil
« on: February 09, 2014, 01:08:40 PM »
We're able to watch what happens when an economy collapses . . . in our own hemisphere, even.

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Argentines jockey to cope with economic turmoil

Posted: Jan 30, 2014 8:42 AM EST
Updated: Jan 30, 2014 8:42 AM EST
ALMUDENA CALATRAVA and DEBORA REY

BUENOS AIRES, Argentina (AP) — Consumer prices are soaring, the treasury is running low on foreign currency and the peso has had its sharpest slide in 12 years. Instead of rioting, though, Argentines are falling back on tried and true survival skills to cope with the turmoil.

Inflation is at about 30 percent and there's been a 15 percent drop in the peso's value against the U.S. dollar over a few days. But Argentina has gone through five much more dire economic times since the 1930s.

So some Argentines are hoarding dollars, while others stockpile goods or plow their savings into real estate.

More people ride bikes now following recent increases in public transportation fares. They eat less at restaurants and cook at home. They buy cheap, pirated DVD copies of the latest films rather than go to the cinema.

Sofia Basualdo, a 43-year-old geography teacher, responded to growing inflation with a shopping spree to beat further price rises.

Ain't it grand? :censored:

http://www.myfoxny.com/story/24588158/argentines-jockey-to-cope-with-economic-turmoil
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Offline Dori

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Re: Argentines jockey to cope with economic turmoil
« Reply #1 on: February 09, 2014, 01:22:42 PM »
So the current Eva Peron isn't doing too well?

I wonder if she knows the lyrics to Evita?

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Offline obumazombie

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Re: Argentines jockey to cope with economic turmoil
« Reply #2 on: February 09, 2014, 01:53:58 PM »
Redistribute the income.
There were only two options for gender. At last count there are at least 12, according to libs. By that standard, I'm a male lesbian.

Offline JohnnyReb

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Re: Argentines jockey to cope with economic turmoil
« Reply #3 on: May 22, 2014, 10:17:59 AM »
"Don't cry for me Are-gen-teen-nay." They could attack the Falklands again, that ought to help.

Edit to add.....Obumbler is in the Whitehouse, Margret is dead so chances are they would win this time.
« Last Edit: May 22, 2014, 10:20:26 AM by JohnnyReb »
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Offline FiddyBeowulf

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Re: Argentines jockey to cope with economic turmoil
« Reply #4 on: May 22, 2014, 10:24:44 AM »
"Don't cry for me Are-gen-teen-nay." They could attack the Falklands again, that ought to help.

Edit to add.....Obumbler is in the Whitehouse, Margret is dead so chances are they would win this time.
A year after that happens Obama can tell us all how mad he is that this happened and will do everything in his power to correct it (before his 2 o'clock tee time).
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Offline JohnnyReb

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Re: Argentines jockey to cope with economic turmoil
« Reply #5 on: May 22, 2014, 10:29:49 AM »
A year after that happens Obama can tell us all how mad he is that this happened and will do everything in his power to correct it (before his 2 o'clock tee time).
A YEAR!.....Are you saying Obama is a slow reader?
“The American people will never knowingly adopt socialism. But, under the name of ‘liberalism’, they will adopt every fragment of the socialist program, until one day America will be a socialist nation, without knowing how it happened.” - Norman Thomas, U.S. Socialist Party presidential candidate 1940, 1944 and 1948

"America is like a healthy body and its resistance is threefold: its patriotism, its morality, and its spiritual life. If we can undermine these three areas, America will collapse from within."  Stalin

Offline ranger75

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Re: Argentines jockey to cope with economic turmoil
« Reply #6 on: July 01, 2014, 07:25:58 PM »
Redistribute the income.

They already did that. The government stole millions in retirement accounts from Argentina's banks. That's why stable foreign currency flees the country as soon responsible Argentines can get their hands on it. I visited Argentina once. It's the most melancholy place I've ever been. Per capita, Buenos Aires has more mental health professionals than any other city in the world. Depression is the national pastime. Successive governments, left and right, keep stoking the fire.