Austral: mightier than the dollar

[MilHojas]

Mightier than the dollar

The successive fates of the austral and convertibility would suggest that Argentina’s currency is like Icarus – the closer it flies to the sun, the harder the economy crashes.

www.batimes.com.ar

 

[Bajo_cero2]

Indeed, the plan of the right is always to have a cheap usd to do money flight, so, they take loans in usd. The crash is inevitable.

 

[Dougie]

The right through wires facilitated by USD loans, the left via private planes and boats to Paraguay.

The working class should have the means to protect their hard earned wages against the pernicious incompetence of the central bankers and politicians. It shouldn't be a privilege reserved for the elite class.