Govt. opening safety deposit boxes.

[ARbound]

Jesus, when did BA Expats turn in to BA Expats' Conspiracy Theories? This whole thread sounds/reads like an Alex Jones/Red State/Truther/Tea Party/Anti-K orgy; bank holidays to scan and loot safety deposit boxes, people worried about their 10K + in USD, a friend of a friend had this happen to them 10 years ago, judges just letting this go on, "pass this one before midnight and your true love will contact you in a week" chain emails, etc.

This seems like a classic conspiracy conspiracy theory that has no biases in reality. Yes, this is Arge, but it's not Iraq or Sudan, there are courts here (not perfect ones) and there are laws (not perfect ones) that prevent stuff like this from going on. The government didn't do well last week, and the last thing they're gonna try and do is piss of the electorate even more.

Some people seem to forget this Argentina, and the second ANY credible political scoop against the government is found out it's blasted across the Anti-K spectrum. When Clarín does a front page article about this then maybe I'll start to believe it, but right now people need to use their critical thinking skills and see that like many conspiracy theories start with a tiny percent of truth and then go full Birther/9-11 Truther/Elvis Isn't Dead because enough people believe everything they hear/read.

Lastly, the government doesn't need to do these tactics as AFIP is already screwing everyone to begin with. Besides, if you have 10, 20, 30 K in USD or bricks of gold or diamonds then you sure as hell are doing a lot better than most of us on here and likely have the means to put the cash in the Caymans or Switzerland, and aren't too smart if you're keeping it in a safety deposit box, not earning any interest for you.

 

[lamarque]

Uhm really guys jaja this is so totally senseless that even in Argentina is almost impossible. Even if they manage somehow to get the court orders they still need to do it without that appearing all over the press making everybody to take away their savings. Meaning totally I mean totally losing all the deposits in national banks, even if they manage somehow (almost impossible) to get a court order (this orders have to be focused in 1 box and there have to be a reason for that, they cannot open all of them), let just suppose that they manage somehow to get orders to open all the deposit boxes, they still need to make a law pass through the congress to do this and guess what?, you have the same problem as before, people will take away the money before the law is promoted.
Let pass to the last scenario that would be that they somehow get super powers like they did back in the crisis time, and they manage somehow to avoid the congress taking the super powers away when they try to put a “Decreto de necesidad y urgencia”, then they still have a huge problem, they need to many trustable people to check one by one almost a million safe boxes and not only check they need some way to measure how valuable is what is inside the box, they have a big risk of this people they use to check all this boxes just stealing them with means to many new problems for the government, so in all the possible scenarios this is non-sense, and no in the past this has never happen for the deposit boxes, What happen was a totally different thing and not related to safe boxes as it to unpractical to do. These rumours are always tales that goes around especially when paranoia is the objective. There are many bad things that this shitty government can screw people with, but this one is no one of them. The tittle of the thread is totally misleading and specially inducing fear in people specially the people that is not very into the economy of Argentina and how the government do things around here, If you say "confiscation of saving" i say totally possible, corralito as well (but the president have to be suicidal and we know that Kristina is many things but suicidal she will probably give a bomb to another president obligating him to take this measure before taking the measure her self), empty of safe boxes not practical and really hard to believe[font="Arial""] and almost impossible to be done anyway.[/font]

 

[mc kenna]

One thing is for sure, having lived here for a while now,i can tell you that nothing is impossible in Argentina,
If the govt decides that they are gonna open your safety box or all of them i can assure you that by the time you find out it will be to late.
You are right about'' having court orders and such, that would be the correct way to do it,''but this is Argentina, only those with the gov't will be given a heads up before this takes place
For us gringos here there will be no mercy.If they take your stuff away ,who are you gonna go complaint?Can't you see that we are seen as colonialists in the eye of the gov'?,and even if you fight it in court and win what makes you think that the will return your stuff to you right of way?
Last corralito took or still taking 10 years to return the monies taken from saving accounts of Argentine citizens.
It is very common around here to get screwed by the gov't and in the best case scenario you might get your stuff or some of it back 10 years later if you are lucky
Keep this in mind ,nothing is impractical if they know they can get away with it.btw there are many things here that never got a clear result or ending, and if you still have doubts go find out what ever happened to the many maaaaannyy kilos of gold given by the people of Argentina to fight in Malvinas.
No administration ever spoke about it after the juntas left power.I can sit here and write all afternoon with examples but i don't wanna bore you.
Don't trust the gov't much less the banks!!!!

 

[Hybrid Ambassador]

Hmmm, if one can't trust the bank's safety boxes to stash your much sought after US green backs, then probably it would work in investing in a "Wagyu" meat raising cattle ranch in the vast and fertile grass land of the Pampas..It will bring more than US$400 per few pounds. Perhaps better for me to take your investment green stashed away dollars and establish a co-operative type of business raising Kobe beef cattle for export... Now Iam having a 2nd thougts about opening a eatery there in Bs As.! But perhaps will make the best use of already avialble funds there instead of bringing in my own cash. High yield return might be possible...So not to worry over your stashed cash that one day the Argie guvnmnt will confiscate away from you. https://www.google.com/search?q=wagyu+beef+of+japan&rlz=1C1SNNT_enUS377US377&oq=wagyu+beef+of+japan&aqs=chrome.0.69i57j0l3j69i62.2989590j0&sourceid=chrome&ie=UTF-8#bav=on.2,or.r_qf.&ei=VlUSUt-hAcHyyAHopIE4&fp=23c57cb83cdcea0c&q=wagyu+beef+of+japan&sa=X&tbm=shop&ved=0CC8Qsxg

 

[mc kenna]

Fertile grass land of the pampas??? if you wanna fork out 18k per hectacre then yes,unless you wanna establish yourself in Santiago del estero where you can buy land there for about 2 or 3k per hectacre with the exception that there is no grass or water or up north where there is to much water and to much grass(jungle).
If you are serious about exporting anything out of Argentina , i suggest a crash course in bribery
There is no money in ranching,you might be netter off buying 2 apartments and renting them out

 

[lamarque]

Fertile grass land of the pampas??? if you wanna fork out 18k per hectacre then yes,unless you wanna establish yourself in Santiago del estero where you can buy land there for about 2 or 3k per hectacre with the exception that there is no grass or water or up north where there is to much water and to much grass(jungle).
If you are serious about exporting anything out of Argentina , i suggest a crash course in bribery
There is no money in ranching,you might be netter off buying 2 apartments and renting them out

[font="Arial""]There is money in ranching that for sure, unless you are really bad on it, and more important land is a great way to cover yourself from inflation, so it constitute a great way of saving money, my family main business is ranching in Patagonian desert fields, I can tell you that with a proper managing and having some clues of what you are doing make it an interesting business. If you are not able to get the money by yourself you can try with a “fideicomiso” there is lot of people that is having their dollars behind the bed when there is many things that are much more interesting to do with them than sleep under the pillow. Now the real business if you can't export is sell it directly to the client not in central markets, in Patagonia will be sell as south as possible in our particular case, but every region has his keys, it gives a great return and excellent shield again inflation. You have to make a proper investment in water holes, I will suggest as well to tube the water from high lands to other pools located in low lands to take advantage of the gravity that allow you to provide water over large extensions of land with very few holes using the gravity instead of a big motor letting you make only one perforation for a big region, 2 perforations are a real need in case one of them having problems, but without using this system you will need to do around 6 to 9 perforation for a cattle ranch that can be provided with only 2 instead. There is a very interesting option now a day that is the new solar water pumping high capacity motor that is a new motor produced in Holland and is going to give an option for deep water holes that are the norm in desert Patagonia, this save a lot of money compared to the diesel motors that are been used now a day, remember that when you pump water from 100 meters all day long you consume a lot of fuel and you need to transport this fuel to the cattle ranch from far away. Off course an important thing in this field is that you need a certain scale to make it a real efficient and good business.[/font]

 

[mc kenna]

Yes you are right go ahead and advise this guy to go to the patagonia and raise kobe beef and if he can't export to sell it at a profit on the local market direct to clients

 

[lamarque]

Yes you are right go ahead and advise this guy to go to the patagonia and raise kobe beef and if he can't export to sell it at a profit on the local market direct to clients

You don't need to raise kobe beef, and yes of course if you don't have a clue of the business then you will never make money, you want to drop some cash and see it grow without doing nothing? If that so then never invest in nothing, i was telling you that raise cattle is a good business, of course you need to know what you are doing when you get into one business

 

[Hybrid Ambassador]

Radiation Bankrupts Japanese Cattle Ranch With $5.6 Billion in Liabilities...As long I have no Nuke radiation from Argentina's from its power plants already operating in the region, then it will be all OK, I guess? All its funding was in a cooperative individual investors money.
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Agura Bokujo, operator of a cattle ranch north of Tokyo, became Japan’s biggest corporate failure this year after consumer fears over beef contaminated with radiation damaged sales, Tokyo Shoko Research said.[/background][background=rgb(255, 255, 255)]
The closely held company in Tochigi prefecture had 433.1 billion yen ($5.6 billion) in liabilities, Tokyo Shoko said on its website today, citing Agura’s application for bankruptcy protection on Aug. 9.[/background][background=rgb(255, 255, 255)]
In its earnings report for the year ended March 2011, Agura had liabilities of 62 billion yen, said Kazufumi Masuda, a spokesman for Tokyo Shoko, which tracks corporate bankruptcy data.[/background][background=rgb(255, 255, 255)]
Radiation from Tokyo Electric Power Co.’s crippled Fukushima Dai-Ichi nuclear plant has entered Japan’s food chain in recent months, contaminating products from beef to milk and fish. Cattle with unsafe levels of radiation have been found in four Japanese prefectures after they were fed with hay contaminated with as much as 690,000 becquerels a kilogram, compared with a government safety standard of 300 becquerels.[/background][background=rgb(255, 255, 255)]
The discovery rattled consumer confidence after the government, which had assured shoppers that food sold in the market was safe, confirmed radiation contaminated beef had been sold in stores. Companies affected included Aeon Co., Japan’s biggest supermarket chain.[/background]

 

[Hybrid Ambassador]

My scheme to ask for Argie expats and also the locals genre's stashed Green US Backs to be put to good use. See my Business plans, one the many I have if settled in the country one hate but loves to stay! I, hopefully to reimburse the shares on the profits to my investors, so not to worry that the news below will never happens and cause loss and harm to my investors...He,He,He...
Agura ( Wagyu meat rising ) Bokujo victims may sue Kaieda

Investors who were fleeced when the Agura Bokujo cattle farm business went under are threatening to sue Democratic Party of Japan President Banri Kaieda for damages over articles and books he wrote 20 years ago recommending investment in the ranch, according to their lawyers.Out of the thousands of Agura Bokujo victims nationwide, 94 filed for civil conciliation with the Tokyo Summary Court last June, demanding ¥150 million in damages against Kaieda. But since the DPJ chief has refused to accept any of the legal blame, some are preparing to take the case to the Tokyo District Court in February, said Motomitsu Nakagawa, a lawyer and secretary general of a group of attorneys supporting some 6,400 victims nationwide“Kaieda was a famous economic analyst who should have known the dangers of this type of beef investment, but he failed to specify the risks. . . . True, it was not a case directly caused by Kaieda, but he bears some responsibility,” Nakagawa told The Japan Times“Zero risk” and “principle guaranteed” were phrases Kaieda specifically used to describe investing in Agura Bokujo during his days as an economic analyst in the 1980s and ’90s. During his first news conference as DPJ leader in December, Kaieda admitted he too had invested in Agura Bokujo, but said that after receiving dividends “it was over” for him. He refused to elaborate further.According to Nakagawa, the group of 94 ex-investors decided to put their money into Aguara Bokujo after reading Kaieda’s magazine columns. The plaintiffs lost a combined ¥1.5 billion when the business filed for bankruptcy and are seeking 10 percent of that sum from KaiedaSince last June, the plaintiffs have held three fruitless rounds of consultations with Kaieda’s side. Nakagawa said the last attempt to strike a deal will be made Feb. 5, but if Kaieda continues to rebuff the victims’ claims, some of them are prepared to take their legal battle to the Tokyo District Court.A lawyer from the Yamane Horitsu Sogo Jimusho law firm representing Kaieda argued that he bears no legal responsibility over the investors’ financial losses, explaining the DPJ chief will not change his position over the issueAgura Bokujo filed for bankruptcy in August 2011, blaming fallout from the Fukushima No. 1 nuclear plant meltdowns for contaminating its beef cattle with radioactive cesium. Founded in 1979, Agura Bokujo raised around 145,000 cattle at some 370 farms nationwide through a franchising operation, promoting investments in cattle breedingMost of the ¥420 billion it still owes investors is unlikely to be paid, and some victims have filed criminal lawsuits against its former executives, alleging fraud“Some (of the plaintiffs) used savings they had put aside for retirement or severance pay and they lost all that money. . . . These people’s lives and life plans have been completely destroyed,” said Nakagawa

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