Dollar controls getting stricter

[JWB]

The BCRA has u$s48.2bn in dollar reserves at the last published date (14-Oct-11) down from an all time high of u$s52.6bn on 1-Feb-11. A variance of only 10% in the middle of one of the most turbulent economic periods in living memory.

In contrast, when Nestor Kirchner became president, the foreign reserves were u$s11bn.

The total loss/gain for years 2003-2011 in foreign currency reserves were:

2003: $3643m
2004: $5527m
2005: $8431m
2006: $3960m
2007: $14129m
2008: $220m
2009: $1582m
2010: $4222m
2011: -$3949m

The government estimate of exchange rates in the forecasts is an average of 4.40 in 2012. So far, they've been right, and the people gleefully predicting a crash have been completely wrong.

Yeah, trying providing some facts that don't come from a government owned and operated bank.

 

[perry]

And why wouldn't I be? It's better than 5 dollar coffees, 40 dollar dinners, and 20 dollar per hour maids (actually, I don't mind paying our maid that, she is awesome!).

My glee comes from watching all the other idiots proved wrong.

A massive devaluation that you wish for only causes pain for the Argentinian people something that they have lived through many times in the last 50 years .

People like you are only self interested with hidden agendas as proven by your previous postings.

A weaker peso will only create more inflation and make everything more dearer as the dollar is the problem due to the trillions of dollars printed out of thin air and causing the highest inflation worldwide for decades.

 

[Lucas]

That's just because I like to sit back and watch you, Lucas, and other "intellectuals" (right, lol) make fools of yourselves.

You can deny all you want but everything you defend (inflation, indec, CFK, peso, etc) will soon come to an end and I'll sit on my expat throne and laugh while enjoying a very expensive Mojito.

I think that you make a fool of yourself every time you post some ridicule notes plucked from the more ridicule sources that you read and by the drink choice you are holding it's easy to deduce where you are coming from....

 

[CarverFan]

Passing the buck is one of the biggest problems with this country's politics and its economic "model"...The last ditch resort, blame it on those damn americanos and their dollar.

 

[Lucas]

And?
....with that do you mean it's all wrong, right?

 

[Lucas]

I wonder why Obama is asking for an appointment with Cristina early next month.

Probably he will be proposing her a deal that she can't refuse, lets wait and see.

 

[ndcj]

Yeah, trying providing some facts that don't come from a government owned and operated bank.

This kind of troll post just goes to show that you're completely uninterested in the facts. Had you have bothered to check, the BCRA's financial reporting is independently audited, by KPMG among others. Check also the World Bank report on the topic.

Of course facts get in the way of trolling.

Your true colours are shown in your posts in this thread. Assuming that you genuinely believe that a crash is in the works, it's disgusting the glee with which you look upon the possibility. If it does happen, then real peoples' lives get destroyed by it. It's not something you should be wishing for.

 

[JWB]

This kind of troll post just goes to show that you're completely uninterested in the facts. Had you have bothered to check, the BCRA's financial reporting is independently audited, by KPMG among others. Check also the World Bank report on the topic.

Of course facts get in the way of trolling.

Your true colours are shown in your posts in this thread. Assuming that you genuinely believe that a crash is in the works, it's disgusting the glee with which you look upon the possibility. If it does happen, then real peoples' lives get destroyed by it. It's not something you should be wishing for.

Sure they are, ok

I don't glee from the citizens that will be hurt hard when the crash DOES come. I can say that anyone that voted for Nestor/CFK brought it on themselves and you reap what you sow.

I will however get great satisfaction watching you jokes blame it on everyone/everything else (America, expats, rich, evil corporations) instead of the proof that is so blantantly obvious that my 2 yr old could figure it out.

 

[steveinbsas]

I wonder why Obama is asking for an appointment with Cristina early next month.

Probably he will be proposing her a deal that she can't refuse, lets wait and see.

Obama would have to offer watermelons for free according to Dan Rather:

http://www.youtube.com/watch?v=bO-xqiG9LOc

 

[JWB]

A massive devaluation that you wish for only causes pain for the Argentinian people something that they have lived through many times in the last 50 years .

People like you are only self interested with hidden agendas as proven by your previous postings.

A weaker peso will only create more inflation and make everything more dearer as the dollar is the problem due to the trillions of dollars printed out of thin air and causing the highest inflation worldwide for decades.

That's right, blame it on the US. Typical AND stupid.

What exactly is my hidden agenda? I was pretty open that I will enjoy the benefits of the peso collapsing. Nothing hidden here.