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Browsing through that same publication, I found something else quite interesting - https://watchers.news/2025/02/03/asteroid-2024-yr4-triggers-planetary-defense-procedures/

Alien Invasion has begun.

Among other evils, it led to massive capital flight. Even though IMF rules say they will not extend loans where they cause capital flight.

Stop and think about what that means. They have to borrow money to make the payments on a loan. How does that ever end well? Why would any lender in their right mind loan money for that purpose?

Well, that's profoundly disturbing.

Certainly that is what Perón would have done. It is what any reasonable government would demand. I was chatting with a taxi driver some while ago, talk turned to politics and he was expressing his discontent at the situation. Being ironic, I asked him "so, you're not a fan of the Peronists?"...

https://www-pagina12-com-ar.translate.goog/800791-sangran-las-empresas-del-consumo-masivo?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=wapp The usual Google Translate deal, banner is in Castellano and story will initially appear in that tongue, but wait a few seconds and it will change to...

When I make salsa, I slather my hands up with a thick layer of vegetable oil before I start the process of de-seeding the chiles. It helps prevent most of that burning of the hands afterward. When I'm done, I wash my hands three times, and then with them still wet I sprinkle a generous amount of...

I don't find pork or chicken to be appreciably cheaper. No food is cheap anymore.

https://www-pagina12-com-ar.translate.goog/799941-paro-de-trenes-de-este-28-de-enero-inicio-duracion-y-todas-l?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=wapp The usual Google Translate deal, banner is in Castellano and story will initially appear in that tongue, but wait a few seconds and...

Thanks for the link.

GOD, I hope so!

Here's a good practical example of Purchasing Power Parity https://www.rt.com/business/611701-chatgpt-china-rival-markets/ China has reportedly unveiled an AI to rival ChatGPT, but running on a much cheaper chipset. Bitcoin is also down about 4% as I write this.

This too is a direct consequence of the grossly over-valued peso. They come right out and say it in the video.

Given that Brazil has 5 times the population and 5 times the GDP of Argentina, that seems highly unlikely to me. But I do sincerely applaud your optimism.

Different time, different circumstances. The board at that time was quite toxic, with a lot of harsh words flying back & forth. I was part of that problem, as were many others, some still present, others long vanished. No doubt the admin of that time felt it was best for the community as a...

One frustrating thing about Argentina's economy is that there are lost opportunities for revenue everywhere. Argentine government leaves so much money on the table. 1.) My persistent hobbyhorse - The Mile 201 Issue 2.) Regain government monitoring over imports and exports - thanks to Menem...

All true, if you measure by absolute GDP, but if you look at GDP measured in terms of PPP, or Purchasing Power Parity, it's a very different story. https://en.wikipedia.org/wiki/Purchasing_power_parity The second paragraph is the one that's relevant to this discussion

Sorry, no, this is not true. At the time when these events were taking place, Greeks were working more hours per month than their German counterparts. Nice try with the "lazy Greeks" trope, though. What you haven't mentioned is that the IMF loan extended to Greece required the Greeks to...

Milanesa sandwich at my local bakery was 5000 pesos two months ago. Now it's 7000 pesos. I make that about 20% inflation per month. Granted, it's a big sandwich, very fresh and loaded with goodies, but still. Back when it was 3000, I would occasionally treat myself, but it's waaaaaay out of my...