Does anyone else feel there might be a peso collapse this year?

[FrankPintor]

Every day of the week there's a discount for a different payment method. I'd say the only people paying full price are impulse buyers, or people shopping on the "wrong" day.

 

[LuckyLuke]

Where is the free market capitalism we were promised?

I don't know, but it's slowly disappearing the US right now as well. You can buy an imported item here, just not at a price you will like due to import taxes.

You can now say that same sentence again in the US if you try to buy a Toyota built in Japan instead of a Ford built in the US thanks to a new 25% tariff.

Free market is a tricky term. Free to do what exactly? Free to outsource car factories to cheaper labor, free to do away with employee pensions, free to sell your ECU data to insurance companies? Free to take government bailouts exclusively for national manufacturers?

 

[nikad]

I think the whole discount thing is a little more complicated than that. My guess is something like ABC grocer has a revolving line of credit with Banco Gagarte that is soon due for payment. The bank charges 25% for balances carried over the due date.

ABC Grocer sales via Visa/MC take 30 days to hit their operating account and they don't have enough incoming to pay for the upcoming due date. So ABC Grocer offers any purchases through Banco Cagarte get a 25% discount so they can satisfy the line of credit. It's not a loss or gain for the Grocer.

Holding a Banco Cagarte card is priceless

 

[cayayine]

I don't know, but it's slowly disappearing the US right now as well. You can buy an imported item here, just not at a price you will like due to import taxes.

You can now say that same sentence again in the US if you try to buy a Toyota built in Japan instead of a Ford built in the US thanks to a new 25% tariff.

Free market is a tricky term. Free to do what exactly? Free to outsource car factories to cheaper labor, free to do away with employee pensions, free to sell your ECU data to insurance companies? Free to take government bailouts exclusively for national manufacturers?

Crypto would be a perfect example of free market and all the reasons why it doesn't work.

 

[chris]

I don't know, but it's slowly disappearing the US right now as well. You can buy an imported item here, just not at a price you will like due to import taxes.

You can now say that same sentence again in the US if you try to buy a Toyota built in Japan instead of a Ford built in the US thanks to a new 25% tariff.

Free market is a tricky term. Free to do what exactly? Free to outsource car factories to cheaper labor, free to do away with employee pensions, free to sell your ECU data to insurance companies? Free to take government bailouts exclusively for national manufacturers?

Trump has always been protectionist; the current Argentine leader says he is a free marketer. Trump is doing what he campaigned to do; can that be said of the other leader?

 

[chris]

Crypto would be a perfect example of free market and all the reasons why it doesn't work.

Where are the employee pensions in Argentina? Where are all the factories providing jobs? (Asia) Bailouts? How about a 20 billion USD bailout from the IMF (the USA being the largest contributor to the IMF)

 

[Redpossum]

El que se quemó con dólares ve un Caputo y llora | Los argumentos del gobierno, desmentidos hasta por el FMI

El presidente y su ministro quisieron dar una señal de confianza exagerando que al Banco Central "le sobrarán dólares" con un desembolso inmediato del FMI, que su vocera desestimó. Mientras tanto, siguen volando las reservas

www-pagina12-com-ar.translate.goog

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 English.

There is a saying, "he who got burned with milk sees a cow and cries". The title of this article is a play on that, "he who got burned with dollars sees a Caputo and cries"

 

[LuckyLuke]

Trump has always been protectionist; the current Argentine leader says he is a free marketer. Trump is doing what he campaigned to do; can that be said of the other leader?

Milei is a free marketer. He is making good on his promise by opening up imports, reducing regulations, and removing State interventions from private commerce.

Trump is a nationalist and isolationist. He is making good on his promise by penalizing imports, reducing foreign military interventions, and allowing the State to intervene in private enterprises engaging in "unfair" outsourcing practices.

 

[chris]

Milei is a free marketer. He is making good on his promise by opening up imports, reducing regulations, and removing State interventions from private commerce.

Trump is a nationalist and isolationist. He is making good on his promise by penalizing imports, reducing foreign military interventions, and allowing the State to intervene in private enterprises engaging in "unfair" outsourcing practices.

How can you have free markets when the exchange rate is controlled? And where is the dollarization? Why is the Central Bank still around?

 

[Redpossum]

How can you have free markets when the exchange rate is controlled? And where is the dollarization? Why is the Central Bank still around?

This, exactly.
Milei is a con artist with an ego the size of Texas, and a puppet of foreign interests. A cipayo of the worst sort.

Hipolito Irigoyen said it 100 years ago, "I do not fear those outside who wish to buy us, as much as those inside who wish to sell us".