Effects Of A Default On Expats

[ajoknoblauch]

Provinces borrowing for current expenses such as salaries is bad.!

Taxing or borrowing to pay salaries for ñoquis is always bad.

 

[Don Alberto]

Don Alberto:

Very respectfully, I suggest you do not mix things. You wrote that "the republic needs a huge investment . . ." The statement, I believe, is incorrect. YPF, not the republic, may need to borrow. It can pledge the future income stream as collateral, so they should have little problem borrowing.

As for the provinces yearning to borrow, now that's a bad idea. They should learn to live within their means, so if a default reduces their ability to borrow, that's actually very good news. Fiscal responsibility is what's needed.

Do you know Argentine Law 26,017 (the “Lock Law”)?

Who owns the majority of YPF?

Has Argentina paid the app 7 percent on the FAA bondholders who would not accept the loss of 70 percent of their fortune?

Based on this and previous experience, how do you suggest collateral in the form of assets residing inside Argentina itself will be able to benefit investors?

 

[AmigoArtistico]

Don Alberto:

Very respectfully, I suggest you do not mix things. You wrote that "the republic needs a huge investment . . ." The statement, I believe, is incorrect. YPF, not the republic, may need to borrow. It can pledge the future income stream as collateral, so they should have little problem borrowing.

As for the provinces yearning to borrow, now that's a bad idea. They should learn to live within their means, so if a default reduces their ability to borrow, that's actually very good news. Fiscal responsibility is what's needed.

Still getting your feet wet with how things work in Argentina?

 

[ghost]

Maybe a Chagall print bought in Florida ( -> Ghost). Got screwed too by a dealer from Florida, had bought online a Picabia watercolor with a COA by Schoeller (official expert) dating from the 1950s, turned out the COA was a fake, as the watercolor itself, but I managed to get my money back... he he

Nope I bought the Chagall at an estate sale for less that the value of the frame. I simply do not trust most dealers. Especially NY.

 

[Hybrid Ambassador]

Try: "because the Argentina government cannot borrow in the international markets".

The republic needs a huge investment to develop Vaca Muerta, but it cannot borrow in the international markets and a default won't help.

Thus the PRC can lend a big chunk. They are after the huge potential to yield much needed energy for their continuous growth so therefore after the oilfield to commence of fracking for shale oil in the region...Just let the Chinese exploit Argentina for a while and all financial malaise solved!

 

[Don Alberto]

Thus the PRC can lend a big chunk. They are after the huge potential to yield much needed energy for their continuous growth so therefore after the oilfield to commence of fracking for shale oil in the region...Just let the Chinese exploit Argentina for a while and all financial malaise solved!

They may, they may - but so far it is a just bag of hot air.

As Rich One told us:

China was here a few years ago and promised US$20 billion in projects that never materialized, during Nestor's Government

 

[Don Alberto]

Cabinet Chief Capitanich emphasized the "support of the international community" to Argentina, who alegedly received the backing of the countries of the BRICS and Unasur blocks in this conflict. Presidenta Cristina also said that BRICS support Argentina in the holdouts dispute.

Now also Buenos Aires Herald confirms that nobody else has heard about it.

CFK’s vehement speech against the vultures and Judge Griesa attracted laudatory words from the usual (UNASUR) suspects, but not a single mention in the BRICS’ final statement.

The announcement that the [BRICS] Development Bank will be a “members only” club and the diplomatic vagueness about a possible financial help to Argentina’s dwindled reserves, should be useful to wake up to reality from that particular dream.

The article is aptly called 'Reality Check'.

http://www.buenosair...4/reality-check

 

[ArielFabian]

Other side effect of the Default can be that if there is a YPF embargo, which is highly possible, this might cause an increase in the power outages because of a lack of resources (the current power network is not prepared to support the existing demand of energy and requires a 10 year investment at least, with the recent news it seems that there might not be enough $ to fix everything), also Vaca Muerta was a hope to minimize problems in the long term, but now this alternative is becoming void and there are many threats around. This can lead to more than 35 days of power outages, shortage of water in buildings, and so on....
If this happens during the default, Russian nuclear energy may be the only hope to minimize the effects, and Yuans to import products from China to improve the power network. If the things turn out very bad there might be more bureaucracy, and whatever measure to keep the dollars here might be taken.
Buying a power generator is not a bad idea at this time, It is hard to believe that there will be no power outages during the Summer with all these news.

 

[French jurist]

Cabinet Chief Capitanich emphasized the "support of the international community" to Argentina, who alegedly received the backing of the countries of the BRICS and Unasur blocks in this conflict. Presidenta Cristina also said that BRICS support Argentina in the holdouts dispute.

Now also Buenos Aires Herald confirms that nobody else has heard about it.

CFK’s vehement speech against the vultures and Judge Griesa attracted laudatory words from the usual (UNASUR) suspects, but not a single mention in the BRICS’ final statement.

The announcement that the [BRICS] Development Bank will be a “members only” club and the diplomatic vagueness about a possible financial help to Argentina’s dwindled reserves, should be useful to wake up to reality from that particular dream.

The article is aptly called 'Reality Check'.

http://www.buenosair...4/reality-check

Serial link poster strikes again.

Another lie...
http://www.telam.com...litigation.html

In the case above, Argentina received official support from the following Latam countries: [background=rgb(246, 246, 246)]Bahamas, Barbados, Belize, Bolivia, Brazil, Colombia, Costa Rica, Cuba, Chile, Ecuador, El Salvador, Grenada, Guatemala, Guyana, Haiti, Honduras, Jamaica, Mexico, Nicaragua, Panama, Paraguay, Peru, Dominican Republic, Suriname, Trinidad & Tobago, Uruguay and Venezuela.[/background]

The ones who faked supports are your friends, the Tax delinquents (Singer, ATFA, etc.).
http://online.wsj.co...050923796499176


Keep posting, that's fun. Like we say in French La vérité ne triomphe jamais, mais ses adversaires finissent toujours par mourir

 

[ajoknoblauch]

Serial link poster strikes again.

Another lie...
http://www.telam.com...litigation.html

In the case above, Argentina received official support from the following Latam countries: [background=rgb(246, 246, 246)]Bahamas, Barbados, Belize, Bolivia, Brazil, Colombia, Costa Rica, Cuba, Chile, Ecuador, El Salvador, Grenada, Guatemala, Guyana, Haiti, Honduras, Jamaica, Mexico, Nicaragua, Panama, Paraguay, Peru, Dominican Republic, Suriname, Trinidad & Tobago, Uruguay and Venezuela.[/background]

The ones who faked supports are your friends, the Tax delinquents (Singer, ATFA, etc.).
http://online.wsj.co...050923796499176


Keep posting, that's fun. Like we say in French La vérité ne triomphe jamais, mais ses adversaires finissent toujours par mourir

http://www.youtube.com/watch?v=qJ6VkYPLme4