Lack Of Wheat?

[ajoknoblauch]

The fact that people desperately seek dollars as a "safe" investment only shows you how little they know about economics, at least these days. And I totally agree on price control. And most people back home don't know the first thing either. Especially the one living at 1600 Pennsylvania Ave.

The reality is that, for several decades now, the dollar has been the safest investment that Argentines can find for their savings. For better or worse, that's not likely to change any time very soon.

The President, by the way, is highly knowledgeable about economics. The problem is the Peronists of the North (otherwise known as "Republicans") who would rather send the country down the tubes than arrive at any kind of mutually beneficial comprises on any issue whatsoever.

 

[internationalguy]

The President, by the way, is highly knowledgeable about economics. The problem is the Peronists of the North (otherwise known as "Republicans") who would rather send the country down the tubes than arrive at any kind of mutually beneficial comprises on any issue whatsoever.

Sure he is. You tell me in 5 years. Look at the USD vs the CHF, AUD, CAD, UYP, and many others. The economics of Obama are horrible. The fact that we are in the one place in the continent (besides Haiti and Venezuela) where the currency is performing much worse than the USD doesn't mean that Obama knows what he's doing. Yes, the republicans are ALSO fucked up. But that fact doesn't mean Obama's right. If Obama had his way the debt would be much, much higher. As long as the USD is the reserve currency in the world the consequences of the debt are very limited. Once the world is fed up with us, you'll see Argie like inflation in the US and people are in very bad shape already. 1 in 4 kids lives in a food stamp household. Before you blame Bush (he is at fault), you gotta realize that yes, he handed a mess to the Obama administration, but Obama is not really fixing anything. In fact he's making it worse. The fact that the Dow is up again means nothing. I just don't want to have these arguments but I keep getting sucked in.