New Online Purchasing Laws

[dennisr]

Want to get serious about plugging a hole on imports and the bleeding of reserves, start with Tierra del Fuego.

http://www.iprofesional.com/notas/170269-La-fuga-de-la-que-nadie-habla-Tierra-del-Fuego-succiona-ms-dlares-que-energa-o-turismo

 

[ARbound]

ARbound, I am from Canada too. Your story sounds rough, sorry to hear. I can't imagine what your motivations were to move here without foreign currency savings, but as my rant is about to explain, you did indeed make a big mistake. I don't mean to sound condescending but if you had more knowledge of economics, you simply would not have done that.

I actually studied economics and political science at university but I am more than willing to be honest in my admission
that I did not come with enough USD and ignored the advise of people on BAExpats. I went through the money I brought
very fast as even selling it at the blue rate wasn't enough to sustain the cost of things like groceries, rent, etc. while
I looked for my job. I also thought it would be easier to find work.

I'm also very aware of the "logic" behind why the government is doing these things RE: foreign currency, but it doesn't
take a George Soros or Paul Krugman to know that what the government is doing is simply delaying the inevitable.

We're going full Venezuela here, except unlike VZ Argentina doesn't have a developed oil industry to sustain the insane
economic policies. Perhaps vaca muerta will be the saving grace but when you decide to give people $600 ARS who
don't work or go to school as your next economic project after limiting further imports, inflation is going to hit 30%
and the people, not Cristina, are going to be stuck holding the bag.

 

[ajoknoblauch]

I actually studied economics and political science at university but I am more than willing to be honest in my admission
that I did not come with enough USD and ignored the advise of people on BAExpats. I went through the money I brought
very fast as even selling it at the blue rate wasn't enough to sustain the cost of things like groceries, rent, etc. while
I looked for my job. I also thought it would be easier to find work.

I'm also very aware of the "logic" behind why the government is doing these things RE: foreign currency, but it doesn't
take a George Soros or Paul Krugman to know that what the government is doing is simply delaying the inevitable.

We're going full Venezuela here, except unlike VZ Argentina doesn't have a developed oil industry to sustain the insane
economic policies. Perhaps vaca muerta will be the saving grace but when you decide to give people $600 ARS who
don't work or go to school as your next economic project after limiting further imports, inflation is going to hit 30%
and the people, not Cristina, are going to be stuck holding the bag.

On the other hand, the Camporistas will have a field day criticizing the next government for its failure to uphold "the model."

 

[syngirl]

I actually studied economics and political science at university but I am more than willing to be honest in my admission
that I did not come with enough USD and ignored the advise of people on BAExpats. I went through the money I brought
very fast as even selling it at the blue rate wasn't enough to sustain the cost of things like groceries, rent, etc. while
I looked for my job. I also thought it would be easier to find work.

I'm also very aware of the "logic" behind why the government is doing these things RE: foreign currency, but it doesn't
take a George Soros or Paul Krugman to know that what the government is doing is simply delaying the inevitable.

We're going full Venezuela here, except unlike VZ Argentina doesn't have a developed oil industry to sustain the insane
economic policies. Perhaps vaca muerta will be the saving grace but when you decide to give people $600 ARS who
don't work or go to school as your next economic project after limiting further imports, inflation is going to hit 30%
and the people, not Cristina, are going to be stuck holding the bag.

Vaca Muerta won't be producing any profits for 10 or more years I believe....

 

[syngirl]

Hopefully the next government will ban the Campora from visitng schools, since I believe it is actually a law here that no political movement can campaign in schools anyway

 

[ajoknoblauch]

Hopefully the next government will ban the Campora from visitng schools, since I believe it is actually a law here that no political movement can campaign in schools anyway

But how else will the Camporistas indoctrinate the children? And lower the voting age to ten?

 

[Rich One]

Vaca Muerta won't be producing any profits for 10 or more years I believe....

Correct Vaca Muerta may not be producing for 10 years.... profits uhm maybe?

 

[Gringoboy]

Hopefully the next government will ban the Campora

Just fixed that for you Syngirl.

 

[sergio]

Let's face it, many of us here really complicated our lives by coming to Argentina. Things are very bad. I lived theough the crisis over a decade ago. I never thought things could get worse but this reallly is worse and there seems less hope than there was back then. The very fact that no lessons were learned makes this clear. Very sad.

 

[Joe]

Reneige, the 50% import tax has been always like that, it has nothing to do with this government.

The custom's code was enacted in 1981.

The black wednesday has nothing to do with this.

The relevant precedent here is the hiperinflacion de 1989 (over 3000% ) as the consequence of a central bank that had no usd and a strong international debit (90 billion usd).

When they are obsessed with the reservas they have this precedent in mind.

Here you have the inflación in Argentina since 1945:
http://es.m.wikipedi...tina_desde_1945

Check it out 1989.

Under Evita, inflation went from 24 to 444. Why didn't CFK create a $1000 note with her picture on it to herald this achievement.