The Conservative Cave

Interests => Living Off of the Grid & Survivalism => Topic started by: BlueStateSaint on February 09, 2014, 01:08:40 PM

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

Quote
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) â€” 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
Title: Re: Argentines jockey to cope with economic turmoil
Post by: Dori 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?
Title: Re: Argentines jockey to cope with economic turmoil
Post by: obumazombie on February 09, 2014, 01:53:58 PM: Redistribute the income.
Title: Re: Argentines jockey to cope with economic turmoil
Post by: JohnnyReb 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.
Title: Re: Argentines jockey to cope with economic turmoil
Post by: FiddyBeowulf on May 22, 2014, 10:24:44 AM: Quote from: JohnnyReb 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.
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).
Title: Re: Argentines jockey to cope with economic turmoil
Post by: JohnnyReb on May 22, 2014, 10:29:49 AM: Quote from: FiddyBeowulf on May 22, 2014, 10:24:44 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?
Title: Re: Argentines jockey to cope with economic turmoil
Post by: ranger75 on July 01, 2014, 07:25:58 PM: Quote from: obumazombie on February 09, 2014, 01:53:58 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.