Is It Time To Close The Blue Market?

[Joe]

The 90% voting against my proposition shows that expats want to retain their position as the privileged minority with access to dollars. Many expats are reading this sipping their ice cold Frappucinos (bought at Blue Discount prices) in air conditioned comfort at Patios Bullrich pondering where to buy Kale whilst looking out the glass window at the poor woman selling fruit in the oppressive heat from a table on the corner as her young toddler sits all day on the steaming sidewalk because she can't afford to pay for his school. She doesn't have access to Dollar Blue.

Sociological studies have shown that Money Only Makes You Happy If It Makes You Richer Than Your Neighbors: http://www.scienceda...00322092057.htm

Expats don't want to give up their special advantage and the joy that goes with watching the poor suffer as their enjoy their life of privilege.

Shame on You and remember don't kill the Messenger (for you homies: don't hate the player, hate the game)!

 

[Dublin2BuenosAires]

damn this site...argh, it hates me. Another post gone.

QE is not the same as money printing.

QE is US = swap assets (mortgate backed securities and treasury backed) for reserves for Fed reserve member banks, money supply is not increased. Assets are swapped for reserves to inflate asset value and bank reserves....more reserves should equal more lending (of course, that relies on appetite stimulated by low APR).

Money printing in Argentina = 40% almost increase in money supply. Devastating for price inflation.

Apples and other stuff again. Increase money supply does = inflation, US QE is a different beast. Japan, no idea. Hands up...not sure, will have a read but the US is totally different, again US - no new money, Arg - biiiig increase in pesos floating about.

 

[Dublin2BuenosAires]

The 90% voting against my proposition shows that expats want to retain their position as the privileged minority with access to dollars. Many expats are reading this sipping their ice cold Frappucinos (bought at Blue Discount prices) in air conditioned comfort at Patios Bullrich pondering where to buy Kale whilst looking out the glass window at the poor woman selling fruit in the oppressive heat from a table on the corner as her young toddler sits all day on the steaming sidewalk because she can't afford to pay for his school. She doesn't have access to Dollar Blue.

Sociological studies have shown that Money Only Makes You Happy If It Makes You Richer Than Your Neighbors: http://www.scienceda...00322092057.htm

Expats don't want to give up their special advantage and the joy that goes with watching the poor suffer as their enjoy their life of privilege.

Shame on You and remember don't kill the Messenger (for you homies: don't hate the player, hate the game)!

First world problems in Lat Am...where do I get my kale!

 

[EdRooney]

Can you see QE in this picture?

(Perhaps not, cause Ed doesnt know how to upload photos properly)

 

[John.St]

The 90% voting against my proposition shows that expats want to retain their position as the privileged minority with access to dollars.

Blue dollar is not a simple question of privilege. Trade in blue dollar and publishing the excange rate for blue and green is the only way to force the kleptomaniac Argentine government to the absolutely necessary devaluation of the AR$. Without the blue dollar, what would the cotización be today? even more destructive for Argentine export of anything but farm products, than it is now - say 4.50 to 1? the number of foreign tourists in Argentina was dropping like a brick, because prices were - and still are - far too high.

... the poor woman selling fruit in the oppressive heat from a table on the corner as her young toddler sits all day on the steaming sidewalk because she can't afford to pay for his school.

A toddler is a child between the ages of one and three. Does she need US$ to send her older children to school? whatever happened to pesofication?

 

[John.St]

First world problems in Lat Am...where do I get my kale!

What on Earth is kale?

 

[John.St]

Can you see QE in this picture?

(Perhaps not, cause Ed doesnt know how to upload photos properly)

I guess this is what you are trying to show:

Yours is the thumb-picture (very small, to click upon to get to the real picture).

 

[Dublin2BuenosAires]

Can you see QE in this picture?

(Perhaps not, cause Ed doesnt know how to upload photos properly)

Honestly, i cant see much, nor can i tell how the graph is calculated!

 

[Dublin2BuenosAires]

Ah, ok, that supports my point actually, yes i do see QE and not an increase in money supply which is what we were talking about. That graph shows the increase in monetary base which of course includes bank reserves. Those very bank reserves which were included in the asset - bank reserve swap.

Again, no new green backs in circulation. Assets swapped for reserves to stimulate loans.

Here, in arg we have creation of new money supply. Not monetry base, actual new currency, 40% more in the economy.

 

[Dublin2BuenosAires]

What on Earth is kale?

I dunno, but it's very addictive i hear