Presidential Transition

That's better.

Look, the blue market is illegal. The value of the usd is almost 10.
You cannot make contracts using the blue rate because it is illegal. You cannot do contracts leting rule who today is nobody.

Vanolli is the legal authority of the Central Bank today and after the 10th of dezember.

We don't even know if Macri is going to be able to become the President or Michetti is going to be instead of him.

They wish/plan to depreciate the peso but it is only an expretion of wishes today.

The Pro expect that the country freeze until the 10th of dezember BUT, the authorities continue fullfiting their legal duties.

They won an election, they didn't overthrew this government, they don't get it.

Since there is like 5 official dólar prices, ranging between 6 to 14, why to choose 10? And why the government can rob me 35%,if official is 10? Eh, in this bizarre economy invented by your favourites obviously everything is OK...

And you even speak about Greece and Spain, where rules are at least close to logic? Have you've been lately in this two countries? They are still far from Argentinian reality...
 
You don't understand how the Congress works.

The projects has to be approve, first, at a special comission. There is where they debate the details you are concern.
Once the project is approve, it can be voted.

As soon as all of them agree, they were approved.

The children of the former opposition left the room, so, they didn't care to debate law by law, article by article.

Where are those law to create immunity for the crimes you imaging?

come on, this was a stacked deck. those children as you call them were breaking the quorum... up until thy pulled in another k loyalist to get the quorum they needed to continue that farce. There was no hope of debate. I fail to understand how this is a sane way to run a country.
 
Well, it is tricky.
Look, there is a solution at the new Civil Code, art. 765:
http://m.iprofesiona...acten-en-dlares

The law uses as a reference the oficial rate not the contado con liqui.

They can give pesos at the official rate but I guess that it is against their "values".

I don't know what the reference should tell us, but it certainly is not relevant in the sales of future of the central bank - there is no "official rate" for futures...
 
The Carta Organica del Banco Central is the law that rules the Central Bank.
Art. 9 establisheds the board members can be dismiss by Presidential decree only if they go against the duties established in the same law or by bad hehaviour.
The decree can be cancel by the Congress.

http://www.bcra.gov.ar/Pdfs/BCRA/CartaOrganica2012.pdf

Redrado did both.

Macri needs him to quit because his own plan is going to violate the CB law from the begining to the end. Vanolli is going to avoid it and he wouldn't be able to dismiss him for fulfill his duties establushed by the law.

But the President cannot dismiss them just because the next President feels like.





Although K did finally receive Congressional approval for Redrado dismissal, it was after the fact and after he resigned. Please spare me the rule of law BS:
December 14 2009 President Cristina Kirchner issues a decree of necessity and urgency calling for $6.6 billion of the central bank’s $48 billion of reserves

January 6 2010 K issue Presidential Decree dismissing Redrado as central bank president for refusing to support her decree. Redrado refuses.

January 7 Kirchner issues another decree to fire Redrado, accusing him of “misconduct”

January 8 Redrado gets both decrees suspended by the courts. He is reinstated as central bank president

January 22 The government warns Redrado not to re-enter the central bank

January 24 Police bar Redrado from entering the central bank.

Fast forward:
December 10, 2015 Central Bank reports zero reserves. K pissed away the $48 billion.
 
Right, the Buenos Aires Herald is so choripanero. In fact, here you have more:
http://www.buenosairesherald.com/article/203790/macri-plays-dangerous-game-with-peso

This article cites a previous instance of dual-exchange-rate correction and its consequences; exactly what we were pondering the other day, Gringoboy.
 
come on, this was a stacked deck. those children as you call them were breaking the quorum... up until thy pulled in another k loyalist to get the quorum they needed to continue that farce. There was no hope of debate. I fail to understand how this is a sane way to run a country.

Thank you for clarifying that they were trying an anti-democratic maneuver and they failed.

Look, all those laws are very good, and new oficialism had a lot of power to improve them because they were need for the quorum.

However, they decide to leave the place to boycott a very important democratic institution: The Congress.

And they failed.

What`s the point in boycotting good laws?

There was no debate because the oposicion agreed about them. The debate supoused to be with the officialism but they left.

I read in the news papers that the Congress men of FPV were chanching teams but seems it is reverse because they got the quorum with 3 congremen of Cambiemos...

Besides the trolling about that those laws were looking for evil, reality is different, take a look: they are about equal rights for women, for improving the farmers production, for developing the sea farming industry, working rights and health for pregnant women.

1. To create a new federal criminal Court in Hurlinham;
2. Improvement of the irrigation of the farms;
3. To abolish the lawyer`s fee law of Videla;
4. Digesto juridico (it organizes what law is valid and what law is abolished, it clean the mess).
5. Improvement of the cotton production quality programm;
6. Improvement in the use of fertilizing to protect the soil. It allow to deduct the expenditures of the proper fertilizing of income tax.
7. Development, registration, marketing and control of plant protection products. regime;
8. Creation of the Public Defender Official No. 2, based in the provincial capital city of Neuquen. (od 2636)
9. National Programme for prevention and eradication of botrana Lobesia: Delivery is guaranteed free of charge to the wine producers of agrochemicals to combat moth vine.
10. They declare historic / protected building many theaters and churchs;
11. Equal rights for women in the oil industry public and private;
12. Compulsory Medical -pmo- study inclusion detection "thrombophilia" for pregnant women;
13. National System of basic health teams in order to strengthen the strategy of primary health care in Argentina. creation.
14. To have special seat for overweight people is mandatory;
15: Development of tropical fruits not produced now in Argentina;
16. Protection of the rights of disable people;
17. Development of the sheep industry;
18. Development of the fishing industry (I commented this in other thread. They invested a lot of money and they made mandatory to scientist to research how to make an industry with local species: soft shell crab for example)
19. - Integral protection to prevent, punish and eradicate violence against women - Law 26.485 -. incorporating Articles 22a, 22b and 22 cuater, on denunciation and intervention of judges.
20. National education program in all the schools of the country to erradicate violence against women.
21. Regulation on the information the producer has to provide to the costumer (consumer defence law)
22. Free extradition between Mercosur countries.
23. Creation of the observatory of the righ of freedom of speach.
24. Gives free administration of his money to workers of 16 years old to avoid theirs explotation

Should I continue?

http://www.perfil.co...51126-0052.html
 
I don't know what the reference should tell us, but it certainly is not relevant in the sales of future of the central bank - there is no "official rate" for futures...

Right, the CB determinates what is going to be the oficial exchange rate then.
 
Since there is like 5 official dólar prices, ranging between 6 to 14, why to choose 10? And why the government can rob me 35%,if official is 10?

The 35% is income tax that you pay in advance. It is a punishment for those who evade tax. As soon as I do pay Tax, It is deducted of what I have to pay.
So, there is no robbery.
Perhaps you evade tax and then, you are robbing the State...

If you are an anarchist, this is your busisness.


Eh, in this bizarre economy invented by your favourites obviously everything is OK...

Exchange control is nothing new. Perhaps for you it is.


And you even speak about Greece and Spain, where rules are at least close to logic? Have you've been lately in this two countries? They are still far from Argentinian reality...

I had been in Spain recentrly, they are like we were in 2001, full of peole living in the streets.
The austerity is making it worst.
The same in Italy.
 
Was there a debate yesterday.?

I always thought a debate needed some sort of discussion between 2 opposing sides.. \

Maybe I am mistaken...

Well, as soon as the new oficialism left the Congress, there was no debate. A shame that they left.
However, the debate is desirable but not a legal requirement.
 
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