The Case For President Sergio Massa

[wrangler]

This is exactly correct. Should the government attempt to force people to use, the exact happen will happen. People who can will transact with USDT or other crypto currencies or USD cash, as they are doing today. You are just going to create more business for the mercado negros.

I meant to say, should people be forced to use the digital peso, the exact opposite will happen.

 

[wrangler]

It's so sad that you minimize the K corruption by trying to imply that they'll all the same and by taking great umbrage with those who mention said K corruption.

And all this ranting and raving coming from someone who never, and I repeat never, misses an opportunity to rail against Macri, Bullrich and Cambiemos.

Hey Mr @Stantucker should I call you??

Capital flight during the Macri administration was a significant concern. Exact figures can vary depending on the sources and the methods used to calculate capital flight. However, it's widely acknowledged that tens of billions of dollars left Argentina during Macri's tenure.

A report from the Economic Commission for Latin America and the Caribbean (ECLAC) estimated that capital flight from Argentina in 2018 alone was around $27.3 billion. This was the year when Argentina faced a significant currency crisis, and the Macri administration turned to the IMF for financial assistance.

Over the entirety of Macri's term (2015-2019), some estimates suggest that capital flight could have been upwards of $80 billion.

Please, don't treat us like fools!!

 

[Stantucker]

Hey Mr @Stantucker should I call you??

Capital flight during the Macri administration was a significant concern. Exact figures can vary depending on the sources and the methods used to calculate capital flight. However, it's widely acknowledged that tens of billions of dollars left Argentina during Macri's tenure.

A report from the Economic Commission for Latin America and the Caribbean (ECLAC) estimated that capital flight from Argentina in 2018 alone was around $27.3 billion. This was the year when Argentina faced a significant currency crisis, and the Macri administration turned to the IMF for financial assistance.

Over the entirety of Macri's term (2015-2019), some estimates suggest that capital flight could have been upwards of $80 billion.

Please, don't treat us like fools!!

That was corruption? I'm confused.

 

[FrankPintor]

Jim, would you agree you're not telling us anything we don't already know? You've been here for about 5 years, some of us for less, some for more, and I think pretty much everyone has picked up on the corruption here. One or two rants are fine, and even expected, but endless ranting and pontificating on things that, as expats, we can all see but not influence, gets old quickly.

On the subject of Macri's corruption, I guess the thing that surprises me most was how he was able to pack in so much money laundering for himself and family and friends in four short years. And keep it quiet until after he was pushed out. Plus he was able to arrange the judiciary so that any case concerning him gets transferred to CABA, where he gets the very best justice money can buy. Case closed, with very un-Argentinian speed... and it extends as far as protecting his cousin, who's patently disqualified from standing for the CABA governor's office.

Cristina & Co. may be just as corrupt, but they took 20 years or so to accumulate their fortunes. Even Larrata took 20 years of his tow-truck scam to get where he is now. By comparison, Macri is anything but a cack-handed amateur.

 

[Reply Guy]

That was corruption? I'm confused.

A lot of the dollars were lost from the Central Bank and the IMF loans due to capital flight. It was essentially a way for the wealthy in Argentina to get their money out of the country.

If it was incompetence by Macri or corruption is up for debate.

 

[Stantucker]

That was corruption? I'm confused.

Hey Mr @Stantucker should I call you??

Capital flight during the Macri administration was a significant concern. Exact figures can vary depending on the sources and the methods used to calculate capital flight. However, it's widely acknowledged that tens of billions of dollars left Argentina during Macri's tenure.

A report from the Economic Commission for Latin America and the Caribbean (ECLAC) estimated that capital flight from Argentina in 2018 alone was around $27.3 billion. This was the year when Argentina faced a significant currency crisis, and the Macri administration turned to the IMF for financial assistance.

Over the entirety of Macri's term (2015-2019), some estimates suggest that capital flight could have been upwards of $80 billion.

Please, don't treat us like fools!!

Starting to use more than one question mark again. I remember that from a few years back. You've always been hysterical about Macri.

Jim, would you agree you're not telling us anything we don't already know? You've been here for about 5 years, some of us for less, some for more, and I think pretty much everyone has picked up on the corruption here. One or two rants are fine, and even expected, but endless ranting and pontificating on things that, as expats, we can all see but not influence, gets old quickly.

On the subject of Macri's corruption, I guess the thing that surprises me most was how he was able to pack in so much money laundering for himself and family and friends in four short years. And keep it quiet until after he was pushed out. Plus he was able to arrange the judiciary so that any case concerning him gets transferred to CABA, where he gets the very best justice money can buy. Case closed, with very un-Argentinian speed... and it extends as far as protecting his cousin, who's patently disqualified from standing for the CABA governor's office.

Cristina & Co. may be just as corrupt, but they took 20 years or so to accumulate their fortunes. Even Larrata took 20 years of his tow-truck scam to get where he is now. By comparison, Macri is anything but a cack-handed amateur.

Frank, since we're on the subject of not continuing to beat a dead horse, you might want to give your constant railing against Rodríguez Larreta and his supposed (never seen any evidence of that) towing truck scam a rest.

 

[wrangler]

That was corruption? I'm confused.

Yes, it was major corruption and negligence on the part of the mACRI administration. They created high-interest financial instruments ( Lebacs and Leliqs) which created a rapid influx of capital, then it was followed by a swift outflow of cash.

 

[Stantucker]

Yes, it was major corruption and negligence on the part of the mACRI administration. They created high-interest financial instruments ( Lebacs and Leliqs) which created a rapid influx of capital, then it was followed by a swift outflow of cash.

I thought most countries in the world had financial instruments like that. Was a law broken, is this before the courts?

 

[FrankPintor]

Frank, since we're on the subject of not continuing to beat a dead horse, you might want to give your constant railing against Rodríguez Larreta and his supposed (never seen any evidence of that) towing truck scam a rest.

Stan, are you really the only person in CABA who hasn’t been informed of the tow-truck scam? Do please try to catch up with the rest of us, maybe starting with this:

Who Will Win in 2023?

Hopefully someone who lives in the modern world and is honest. Yeah I know...no f'ing chance!!

baexpats.org

No prizes for guessing which mayor and party tried to evade scrutiny of this scam to the last.

 

[FrankPintor]

I thought most countries in the world had financial instruments like that. Was a law broken, is this before the courts?

A quick search reveals this: “Macri himself admitted that the IMF loan had been granted so that foreign investment funds could abandon their stakes in Argentine bonds and take their money abroad.Capital flight and the IMF’s active role in this process is also documented in an investigation carried out by Argentina’s Central Bank. The report served as the basis for a lawsuit, which unfortunately seems to have been shelved by the justice system”.

What else would one expect?