Is President Kirchner Improving The Lives Of Argentinos?

[sesamosinsal]

On SDR replacing USD, read Currency Wars by James Richard. I read it once and will have to read again to understand.

http://www.amazon.com/dp/1591845564

I have it on Kindle. Fantastic read!

Experts object to the use of the word “money” in describing special drawing rights. After all, individual citizens can’t obtain them, and if you walk into a liquor store and try paying for a few bottles of wine with SDRs, you will not get very far. However, SDRs do satisfy the traditional definition of money in many respects. SDRs are a store of value because nations maintain part of their reserves in SDR-denominated assets. They are a medium of exchange because nations that run trade deficits or surpluses can settle their local currency trade balances with other nations in SDR-denominated instruments. Finally, SDRs are a unit of account because the IMF keeps its books and records, its assets and liabilities in SDR units. What is different about SDRs is that citizens and corporations in private transactions cannot yet use them. But plans are already afoot inside the IMF to create just such a private market.

Rickards, James (2011-11-10). Currency Wars: The Making of the Next Global Crisis (Portfolio) (Kindle Locations 3588-3594). Penguin Group. Kindle Edition.

 

[nativexpat]

One of the problems i find with some neoliberal people is that the repeat simple dogmas like a revealed true

Err, I find you have the same problem.

The politics in this country has nothing to do with left or right, it is more complex.

Sounds like Lorenzino when asked about inflation: "eeeehh, it is complex, me quiero ir".

Please Bajo_Cero, get over it already... have you seen the poll results?

 

[lovinit]

Sure she's improving plenty.....if you call Argentina's slide toward becoming a dangerous, corrupt, bankrupt and repressive quasi-failed state like Venezuela an improvement.

 

[PaulBee]

I don´t think Cristina is improving the lives of the citizens now, in the present tense. I don´t think the question is asking about what happened after the 2001 crash. The monetary controls and regulations are discouraging investment and job creation IMHO.

 

[dennisr]

Inter Bank Rate 18%. Numbers are unbelievable. YPF sells bonds and bank deposits are drained.

http://www.iprofesional.com/notas/160016-La-tasa-interbancaria-trepa-unos-400-puntos-bsicos-por-demanda-de-pesos

http://translate.google.com/translate?u=http%3A//www.iprofesional.com/notas/160016-La-tasa-interbancaria-trepa-unos-400-puntos-bsicos-por-demanda-de-pesos&hl=en&langpair=auto|en&tbb=1&ie=UTF-8

 

[ajoknoblauch]

Left and right are almost completely irrelevant in Argentine politics, whose guiding principle is pure opportunism.

 

[Gringoboy]

I really couldn't have put this better myself.
James Neilson article in BA Herald.
Just about the only section I ever read.
http://www.buenosairesherald.com/article/130086/architect-of-her-own-downfall
Nail. Head

 

[JoeGillis]

Gringoboy, I agree, the Neilson article is a bullseye.

 

[JamJam]

This quote from the Herald runs true through Argentine society, especially the places where I have worked.

"Cristina’s habit of rewarding slavish mediocrity and punishing initiative has saddled Argentina with a laughably incompetent government."

http://www.buenosairesherald.com/article/130086/architect-of-her-own-downfall

 

[Yogur griego]

I think Neilson is still way too optimistic in his pessimism.