America in 24 month's time?

[doom&gloom]

Re: America in 24 month's time?

By pure chance, Simon Black, otherwise known as Sovereign Man was asked a question about Argentina this week and this is a part of his answer.

Next, William asks, “Simon– I’ve been thinking about heading to Argentina soon; I’ve seen your byline reporting from Argentina on several occasions, but I notice you rarely mention it in this e-letter or in Sovereign Man: Confidential. Am I to read between the lines here? What’s your view on the country?”

Argentina is an impressively beautiful country that is run by some of the most morally bankrupt people who have ever walked the face of the earth.

From the federal government in Buenos Aires to the provincial governments far away, they’re more like mafia bosses and warlords than politicians. These are the same folks who made thousands disappear during the military dictatorship days, burying bodies in the desert or merely tossing them into the ocean.

The same line of power elite is still running the country, and they view it more like a feudal society than anything else. The farther you get from Buenos Aires, the worse it gets.

The full text is here: http://www.sovereignman.com/expat/qu...gentina-travel

i'll be on the ground in BA in October. I'll be sure to ask my friend what the people are thinking nowadays...

[Chris Coles]

Re: America in 24 month's time?

i'll be on the ground in BA in October. I'll be sure to ask my friend what the people are thinking nowadays...

Thanks for that, and may we read your thoughts afterwards.

[Slimprofits]

Re: America in 24 month's time?

Argentine judge subpoenas 6 newspapers as government targets media reporting on inflation rate
By Associated Press, Published: September 23

Officials say the annual inflation rate was 9.8 percent last month, but the data has lost credibility since political appointees began intervening in its methodology in 2007. The International Monetary Fund reprimanded the government in its annual global outlook this week, saying the IMF would rely on private consultants in part to obtain more accurate data from now on.

Commerce Secretary Guillermo Moreno has sought to silence these consultants by formally accusing them of criminally publishing false numbers to generate unfair profits for their clients, to the detriment of consumers and the Argentine state.

The numbers have more than political consequences for President Cristina Fernandez. Because much of Argentina’s debt is issued in inflation-indexed bonds, the government saves billions on repayments to bondholders if official inflation remains low. Most bondholders are now Argentine taxpayers, since the government nationalized private pensions and required the new system to invest in government debt.

Judge Alejandro Catania followed through on Moreno’s complaint by sending subpoenas on Thursday to Argentina’s leading newspapers. He also subpoenaed the IMF office in Argentina, the tax ministry, the central bank and the stock market seeking information about the consultants and their clients, according to the state news agency Telam.

Nicolas Eyzaguirre, the IMF director for the Western Hemisphere, told The Associated Press that he had no comment because it was a legal matter.

The consultants have continued to collect data but no longer publish it directly since Moreno threatened to fine them 500,000 pesos ($123,000) for releasing price-rise figures that differ from official inflation numbers.

Instead, some of the private economists now secretly give their data to the congressional freedom of expression committee to make public each month, providing the consultants with some protection. This week, the judge also subpoenaed the congressional committee demanding that it also reveal its sources.

After criticism from opposition lawmakers, newspapers and press freedom groups, Catania clarified his order Friday, saying he needs only to be given office contact information, not private phone numbers and addresses, of journalists who have worked for El Cronista, La Nacion, Clarin, Ambito Financiero, BAE and Pagina/12.

But Argentina’s newspaper trade group, ADEPA, said the order still amounted to brazen intimidation of people trying to freely report matters of public interest.

“Now they want to involve journalists who publish this information, complying with their responsibility to their readers to rely on various sources and not become mere mouthpieces of official statistics that have been strongly questioned for several years,” ADEPA’s statement said. “The imposition of a single official story threatens the very concept of democracy and free expression.”

[metalman]

Re: America in 24 month's time?

nice try, mega! you were 15 months early!


oakland, califorina... oct 2011

hat tip mooncliff & largo...

http://www.itulip.com/forums/showthr...900#post212900

[Bundi]

Re: America in 24 month's time?

We're bumping this one to bring it back to our members' consciousness. We'll bring it back up again in 2012. After that, we shall see.

Hi Fred,

Speaking of Argentina...

At one point I came across an EJ post detailing a dashboard of if/then type signals preceding crises. Is that still on the site? Can't seem to find it. Maybe I need some practice on the search function but have tried some key words and such.

Thanks.

Bundi