Effects Of A Default On Expats

[sleslie23]

you re right. But if you have good numbers on employment, and you have the best salary in Latin America, and you have a reasonable competitive industry for export, you dont need a devaluation.

You may want to rethink the word "best." Highest, maybe. But probably the worst actual buying power of anywhere in Latin America.


Also, to address other posts in this thread, There are two types of Argentines: those who save in dollars and those who want to save in dollars.

 

[French jurist]

You may want to rethink the word "best." Highest, maybe. But probably the worst actual buying power of anywhere in Latin America.


Also, to address other posts in this thread, There are two types of Argentines: those who save in dollars and those who want to save in dollars.

And those who have never seen a dollar

 

[Rich One]

This is getting to a What IF situation . What IF a default is declared. There will be no Default for the Ditto reasons above. The Vultures are no Dummies and will not allow their Bonds go south.

(Its like the Conundrum created IF the Tenant would not vacate the flat)

 

[sleslie23]

And those who have never seen a dollar

Touché.

 

[Rich One]

How will a default affect the Argies that live in Dubai, will Charter flights become more costly ? B) (in love again)

 

[French jurist]

This is getting to a What IF situation . What IF a default is declared. There will be no Default for the Ditto reasons above. The Vultures are no Dummies and will not allow their Bonds go south.

(Its like the Conundrum created IF the Tenant would not vacate the flat)

For once, a non off-topic answer on BAexpats (Matiaaaasss? ) :

You're a landlord and you want to expel a tenant.

You negotiate but if you don't win your negotiation, you are in big trouble.

Furthermore you know the tenant has a strong experience in deception.

What do you do? You negotiate, but you are, de facto, in a weak position.

And since you can't afford bouncers and you have not the guts to be one (because the Vultures cannot attack Argentina with an army), then your best bet is to negotiate your best.

 

[Jaredberryman]

gpop, I'd like to remind you that if you put your savings into physical gold or jewelry, not to put it in a safe deposit box here. In 2001 safe deposit boxes were raided and the valuables taken with the corralito, along with people's cash (deposit boxes are not safer than putting the money into the financial institution). Make sure you keep your savings out of the bank, and preferably in property outside of the country or a foreign bank, however you can do it. The best bet is to get savings out of the country however you can. If you can't buy anything of value, then do NOT put it into the bank.

 

[French jurist]

gpop, I'd like to remind you that if you put your savings into physical gold or jewelry, not to put it in a safe deposit box here. In 2001 safe deposit boxes were raided and the valuables taken with the corralito, along with people's cash (deposit boxes are not safer than putting the money into the financial institution). Make sure you keep your savings out of the bank, and preferably in property outside of the country or a foreign bank, however you can do it. The best bet is to get savings out of the country however you can. If you can't buy anything of value, then do NOT put it into the bank.

Do you pretend there will be another corralito? Because I certainly don't (this can frighten newcomers here...).
Furthermore I'd prefer to put my savings in another country than having them at home in Argentine (wether gold, jewelry, peanut butter, etc.)

 

[Rich One]

A thread gone Waco B)

 

[mc kenna]

To answer my good friend La coqueta;here's how is going to play out on your every day activities
Let's not even talk about default or no default.
In these particular times what normally happens is no one knows the prices anymore for your everyday grocery shopping and it has nothing to do with expats holding dollars,it has a lot to do with Argies screwing themselves bacause of their own greed.example ,i use propane out here and prices were in the past within 2 to 4 pesos difference from one place to the other now ,you have propane bottles from 32 to 55 pesos not counting the ''social propane bottle'' which still cost 16 pesos so my suggestion to you La coqueta is check prices twice before you buy and if you have to walk that extra block,do it, not because you don't have the money,do it because it is time for these greedy fxxxckers to realize that people are not stupid anymore and we know the prices of what we buy and not even taking into account all that precios cuidados bullshxt,just your everyday purchases.
keep your eyes peeled for that,other than that do what you do best and keep track of your finances,i know you do! no need to get freaked out about it
Everything else are just especulations of people that know very little about financial crisis and are to eager to sell a political view knowing full well that Argentines are the best at blaming someone else for their shortcomings
Here's my list of the monetary denominations i went thru growing up is this country
peso moneda nacional
peso ley 18188
peso argentino
austral
and the current peso cristina
So in short don't worry about it more than it deserves ,this is not the first time that it happens here and thanks to people like matias .will not be the last either
Also it might be a good idea not to finance anything,cash and carry always worked for me