It's started......

[elclandestino]

I really hate f* government (any) messing with my private affairs as long as I'm not guilty. And we are all innocent till proven otherwise. One of principal freedoms is economical. Private property is sacred!

Argentines do really love restrictions, controls, bans and all other bells and whistles

Cristina is not much of a leftist. She's not even a communist. She's, well, herself. Peronism is a crazy blend of communism and fascism. Peron was a bastard child of Stalin and Mussolini

Leftism you got in Canada, Sweden, New Zealand. Leftism / socialism takes an advanced society and a highly developed economy to be able to work. Stalinism is just a deviation. New Zealand is a socialist country but has one of the world's most liberal and advanced economies

Leftism is not for cavemen

 

[esllou]

what this and so many other threads on this forum show is the UTTER DISCONNECT between argentines and (especially) Americans concerning what constitutes "freedom". I think snowboarder hit all the nails on the head with that one.

Argentina (for better or worse) is a country where "the state" has always been front and centre in their citizens' lives...and those citizens are used to it. They can tell their citizens if they're allowed to get dollars from the bank, they can tell them that church weddings are invalid, that, today, the banks are all shut and, oh by the way, they're keeping all your money and, yes, you'll be peeved for a month or two, but then things will return to "normal" so sip your mate and shut it.

If the US govt. tried a tenth of the crap that successive govts. here (not singling out any party, individual, widow, etc) have got away with, there'd be another july 4th.

there's just a different definition of freedom, different expectancies of what governments can and cannot get away with. And that's where the disconnect comes from and, people, seriously, you're neither of you going to convince the other that you are right and they are wrong. You're both right...or wrong, as it were.

 

[jb5]

The bottom line is that Argentines have had government intervention, at will, all of their lives and they've simply come to accept it. Think Pavlov, it's just human nature.

For most expats, what's going on now is beyond absurd as it should be.

The ironies for us are huge. In Argentina, someone on a tourist visa is even limited in how many PESOS they can access! The government limits how much money a tourist can spend. Wow!

 

[evitaduarte]

You are absolutely mistaken.

Ok. I stand corrected and enlightened regarding the type of restrictions on private purchase of US$ from the AR govt. I tried using your link in google translator to digest the exact conditions on such purchases, but the text of that link came out pretty convoluted - not sure how much was lost in the translation vs just being a very complicated formula to determine how many dollars a resident can buy.
I can understand the annoyance of honest tax paying Ar citizens that the
problems of working in negro and pervasive tax evasion have contributed to the quick growth in the parallel rate now that limits and conditions have been imposed upon currency trades. Tax evasion has been a serious problem, one that the IMF asked the govt to improve in negtiations for credits. There's a little bit of chickens coming home to roost in this phenomenon (20% boost in a black market rate in little over a week), but as frustrating as it may be for honest patriots, there is no reason to deny that the current parallel rate, whatever its short and long term causes, is being set by supply and demand.
One would like to think that the government agencies responsible for administering dollar sales would be able to streamline the process so as to partly diminish the growth of the black market rate differential, however, this rate differential is not just caused by the immediate difficulty of obtaining dollars. It also has causes rooted in flawed economic policy that has artificially maintained the peso at elevated levels.

 

[marksoc]

If the US govt. tried a tenth of the crap that successive govts. here (not singling out any party, individual, widower, etc) have got away with, there'd be another july 4th.

One word to rule them all: TARP. I´ll take my AFIP any day, thank you very much.

 

[ndcj]

One word to rule them all: TARP. I´ll take my AFIP any day, thank you very much.

Right, that is the free market brand of socialism. Privatise the profits, socialise the losses.

The only difference between the two sides is what happens with the profits. In the end, the loses are always socialised.

 

[Ashley]

I went to the bank yesterday to withdraw money and noticed that they'd shut up shop early. They had a sign on the door saying that there was a problem with the automatic system that connects them to AFIP so they couldn't exchange dollars for the rest of the day. I found it a little unnerving that they'd shut down completely though. Customers couldn't pay bills, make deposits, anything. I wouldn't be surprised if closed banks is a sign of things to come...

 

[perry]

Restricting dollars and creating bootlegs for those who wish to conduct business only stifles the economy and could cause an artificial recession. People should be free to conduct business without stifling controls . Freedom of the individual should be paramount .

In Palermo Soho there has been a large impact from these rules with less economic activity and real estate transactions down over 50% since last week . The american dollar has been in Argentina for over 50 years the preferred payment for all large transactions and if you restrict its supply its affect can be devasting for many sectors of the economy.

 

[Gringoboy]

We really need to sell our house and now the viewings have evaporated to ZERO!
Thanks very, very much, you tossers who control our lives! Thanks a fucking bunch.

 

[rrptownley]

Will this be enough to force Argentina into using a single currency for all transactions?

I am wondering what will be first: The property owners who look to accepting pesos for their real estate or the black market dollar coming down to meet, or near, the official rates.

Anyway I think people will be waiting on the sidelines for quite a while waiting to see how it pans out.