Dollar controls getting stricter

[JWB]

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....

roflmfao!!!

 

[ndcj]

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.

Hang on, is that you ignoring the facts? You said that the BCRA balance sheet numbers are not to be believed in some fashion. You're out there alone on that claim.

Are you backing down from the claim, or just ignoring it hoping that no one will call you out on it?

It's the same as the other thread, where we listen to you rant and rave and dismiss every statistic, every documented fact out of hand out of your own ignorance and then wear it like a badge of honor.

Argue with facts, or you're just another troll, but please hang around til at least 2013, so we can start quoting your claims of what is to come in 2012. Got any predictions involving the Mayans too?

 

[steveinbsas]

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.

Will you really enjoy the benefits of the peso collapsing?

My income is in dollars and it's 40% less than it was five years ago.

Meanwhile, prices in pesos in Argentina have, in most cases, doubled.

So have the number of dollars in circulation (if not more, thanks to the FED and those who are in control).

 

[JWB]

Hang on, is that you ignoring the facts? You said that the BCRA balance sheet numbers are not to be believed in some fashion. You're out there alone on that claim.

Are you backing down from the claim, or just ignoring it hoping that no one will call you out on it?

It's the same as the other thread, where we listen to you rant and rave and dismiss every statistic, every documented fact out of hand out of your own ignorance and then wear it like a badge of honor.

Argue with facts, or you're just another troll, but please hang around til at least 2013, so we can start quoting your claims of what is to come in 2012. Got any predictions involving the Mayans too?

Oooohhhh....scary. My stand is ANY Argentina Government owned entity's statistics are 100% false. Period. You defend INDEC..enough said.

 

[sesamosinsal]

There's nothing new here, no new regulation, no new restrictions, so far as I can tell.

Last year I had to buy $1600 dollars for an apartment rental deposit. I went to Banco Nacion, presented my passport, and did the exchange. No recibos de sueldo, no limit other than the monthly one, which was $10,000 USD per month, I believe.

Fortunately, I've never had a landlord demand payment in dollars. However, using the $1600 as an example of rent, would a person able to withdraw them in the first place? If the an individual weren't working in Argentina and were just vacationing, what sort of documentation would she/he need to present to prove the origin of the funds? Will an ATM receipt suffice? Furthermore, will that person be able to take out more than this $500 limit thrown out there by Clarin? It would be quite a pain in the rear to have to go four separate days (500+500+500+100=$1600) to get your rent. Is the limit imposed by the individual casas de cambio, or is it imposed by the AFIP?

The timing of this, as mentioned by others, is concerning as well. Everyone has speculated about a devaluation coming. Obviously, the BCRA has the funds to stifle that a bit, but one has to wonder if these operations in Microcentro and at Ezeiza are a mere threat or preparations for something worse.

 

[JWB]

Will you really enjoy the benefits of the peso collapsing?

My income is in dollars and it's 40% less than it was five years ago.

Meanwhile, prices in pesos in Argentina have, in most cases, doubled.

So have the number of dollars in circulation (if not more, thanks to the FED and those who are in control).

Yes I will. I have different revenue streams in dollars and other currencies (not pesos) and while mocked earlier on the forum I have invested heavily in precious metals, physical oil, and land. Peso, Dollar, Euro..if any or all collapse which I think is coming I'll be just fine.

Agreed the dollar might not go as far as it did in 2002, but it will go much farther than it goes currently.

I'll say it again...if you can, buy gold/silver and look for physical oil (drill site) investment opportunities and of course land is always a good investment.

 

[steveinbsas]

Yes I will. I have different revenue streams in dollars and other currencies (not pesos) and while mocked earlier on the forum I have invested heavily in precious metals, physical oil, and land. Peso, Dollar, Euro..if any or all collapse which I think is coming I'll be just fine.

Agreed the dollar might not go as far as it did in 2002, but it will go much farther than it goes currently.

I'll say it again...if you can, buy gold/silver and look for physical oil (drill site) investment opportunities and of course land is always a good investment.

Thanks for the reply. I agree with you about investing in land, especially land that supports food production for immediate personal consumption (as mine does).

I'm happy that I now live in the country where I can survive without fiat currency (or the need to convert), a tin foil helmet, or even a grocery store.

 

[ndcj]

Oooohhhh....scary. My stand is ANY Argentina Government owned entity's statistics are 100% false. Period. You defend INDEC..enough said.

And what about the external bodies that audit the BCRA's balance sheet, are they part of your tinfoil hat conspiracy too?

If they're wrong, enlighten us. What is wrong with the BCRA's balance sheet calculations? Which (even not independent) authority on the subject makes this claim?

I'm not interested in defending INDEC, I look at the information they provide with a heathly dose of skepticism. Cristina isn't even my preferred president. You have to look at the information and judge it according to the available facts, figures and sources. Sometimes those facts, figures and sources suit your argument, sometimes they run contrary to it.

Raw numbers (like the BCRA balance sheet) are very different to indexes and composite statistics like what INDEC publishes. INDEC decides what goods and services make up the market basket used to calculate the official inflation statistics. We all know that the number they arrive at bares relatively little resemblance to the inflation of many common goods and services, but it's not that the statistics are made up or falsified, it's that the "market basket" used is carefully calculated to provide the number that they want, so as to lower the cost of inflation-tied bonds.

This very careful picking of what constitutes the market basket happens all over the world, even in the USA, where inflation numbers are massaged to underestimate inflation by not including energy and food prices!

 

[steveinbsas]

I fear that anyone who relies on the value of money (fiat currency) in the future is in for big problems.

If you have potatoes or onions to trade...I have chicken eggs and carrots.

 

[davonz]

I dont really understand why the locals on here care about a devaluation of the peso. The NZ gov says the NZ$ is to high compared to the US$ and Euro, and want it to come down to make our exports more competitive, and make it more attractive destination for tourists. The only problem being in NZ that the gov doesnt control the reserve bank, so dont have any real control over the exchange rate.

So from my way of thinking it would be to argentinas advantage for the peso to drop. Their exports returns in peso would be greater. It would make imported goods alot more expensive (there wouldnt have to be import restrictions), while making the local goods seem cheap, and also attract more tourists because its a cheaper destination to holiday. While the local fixed costs would stay the same or increase only in terms of inflation - labour, food etc.