They're Coming For Your Dolar Blue Next!

[sesamosinsal]

The best story is a mate who has a good job earning 20k pesos a month en blanco , who got the total sum of five hundred dollars for a ten day trip to Orlando for him , the wife and two kids. That is $500 for ten days !!! . Luckily he had been buying blue dollars all through the year , otherwise the trip would have been cancelled.

He doesn't have a credit card? Who pays for a trip 100% in cash these days? Why would you buy blue dollars when making purchases with credit cards for legitimate reasons isn't restricted at all?

 

[ARbound]

Why would you refuse to use the blue?
Just curious.

Because I make less than $1,000 a month at the blue rate and after I pay rent, bills, transit, phone, groceries, etc I'm left with the ability to buy less than $200. I'll do it if I have to, but in response to internationalguy, I'm waiting to get my DNI so I'll know re: credit soon hopefully.

I was wondering if anyone knows or can point me in the direction of how one goes to apply for an authorization to buy dollars?

I earn my salary en blanco, a DNI (Soon) and I'm in AFIP with a CDI y CUIL.

What forms do I need to fill out, where do I go, what do I show? Etc.

 

[Jaredberryman]

Because I make less than $1,000 a month at the blue rate and after I pay rent, bills, transit, phone, groceries, etc I'm left with the ability to buy less than $200. I'll do it if I have to, but in response to internationalguy, I'm waiting to get my DNI so I'll know re: credit soon hopefully.

I was wondering if anyone knows or can point me in the direction of how one goes to apply for an authorization to buy dollars?

I earn my salary en blanco, a DNI (Soon) and I'm in AFIP with a CDI y CUIL.

What forms do I need to fill out, where do I go, what do I show? Etc.

I recommend that if you buy dollars, you just transfer your pesos out through Paypal to your home country. It's highly unlikely that AFIP will let you buy dollars, and you will spend an inordinate amount of time trying to get permission only to be rejected.

 

[ARbound]

I recommend that if you buy dollars, you just transfer your pesos out through Paypal to your home country. It's highly unlikely that AFIP will let you buy dollars, and you will spend an inordinate amount of time trying to get permission only to be rejected.

I imagine I will get rejected, but it is the principal none the less. I have time on my side and I am patient. I have nothing to lose by trying and if they say no then I will take the next steps from there.

 

[EricLovesBA]

On a related story, I heard a very ominous report from "Dr. Doom" Peter Schiff. It seems China may be ready to let their currency float. If they do this, I suspect the impact will be huge. Without the artificial life support of the dollar, interest rates will rise, the dollar will free-fall. QE would need to go into hyper-drive if China removes its demand. As Schiff explains it, when the yuan rises, China will begin to consume its own goods instead of exporting, and the price of Chinese goods in USD terms will rise.

In the long term this could be exactly the dose of coffee that the US needs, but meanwhile I really wonder if the dollar can absorb this impact. If they're not bluffing, the world economy could be in for quite a wild ride.

http://www.bloomberg...d-reserves.html

 

[French jurist]

On a related story, I heard a very ominous report from "Dr. Doom" Peter Schiff. It seems China may be ready to let their currency float. If they do this, I suspect the impact will be huge. Without the artificial life support of the dollar, interest rates will rise, the dollar will free-fall. QE would need to go into hyper-drive if China removes its demand. As Schiff explains it, when the yuan rises, China will begin to consume its own goods instead of exporting, and the price of Chinese goods in USD terms will rise.

In the long term this could be exactly the dose of coffee that the US needs, but meanwhile I really wonder if the dollar can absorb this impact. If they're not bluffing, the world economy could be in for quite a wild ride.

http://www.bloomberg...d-reserves.html

Schiff has often anticipated many things right.

In the article "China’s foreign-exchange reserves surged $166 billion in the third quarter to a record $3.66 trillion" -> wow!

 

[EricLovesBA]

I'm curious - if this were the catalyst for the dollar crash that many predict, how do you suppose Argentina's economy would fare? And if said dollar crash was the catalyst for a world war, what if any involvement might Argentina take, or even which side would they cheer for?

 

[ARbound]

I'm curious - if this were the catalyst for the dollar crash that many predict, how do you suppose Argentina's economy would fare? And if said dollar crash was the catalyst for a world war, what if any involvement might Argentina take, or even which side would they cheer for?

Argentina's economy is many things, but immune from global problems it is not.

For your other question they would rally the troops and shoot themselves in the foot before deciding. It is Argentina we are talking about remember.

 

[internationalguy]

In case a massive and widespread worldwide conflict, I think Argentina would be in great shape. The country is able to produce most of it's own food, there's energy, natural resources and in case of a global crash, the isolationist and protectionist laws that are in place might shift from being a problem to actually being a temporary blessing.

 

[EricLovesBA]

In case a massive and widespread worldwide conflict, I think Argentina would be in great shape. The country is able to produce most of it's own food, there's energy, natural resources and in case of a global crash, the isolationist and protectionist laws that are in place might shift from being a problem to actually being a temporary blessing.

I was leaning toward a similar thought. Of course the place would get pretty dumpy when you think of all the things that are simply not manufactured here. But I think you're right - we would not be in the thick of things and we would probably have food on the table.