wrangler
Registered
- Joined
- Jun 2, 2018
- Messages
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Do you fear a crash similar to 2001 ?
Answer : No - The people are better prepared this time around .
How do you figure? How are they better prepared? I would argue that with the inflation that has been going on, they are not better prepared.
So where is this heading ?
Answer : A debt based system.
I doubt credit will be expanded here in Argentina, anytime soon.
The peso has been ordered to float - the $57b loan is a buffer for the daily running of the economy- until the Peso
Resets to its true value - maybe 1-50 , 1-75 - ( time will tell )
Then what ?
Answer : Then and only then will the “ investors” arrive - but who are these “ investors “ ? THE BANKS !!!!
Ready and willing to give out help and loans to their “ Customers”
YOU !
I doubt that Macrinomics will continue beyond November 2019. Current polls suggest he and his party is going to get ran out of town.