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Argentina was the fourth richest country in the world until the great war. Then the Peronist left-wing mafia got hold. Usual story. Rape the money makers. Tax to oblivion. Trade dies. Crime increases. Debt goes through the roof. "Ooh mother we have a default." "No shit sherlock, gee how did that happen?"
Sssh. Don't tell the hard Left. They still haven't figured it out yet. Give them time. And a brain to figure it out. Tick tock....
Oh dear. Should they produce diversity statistics to measure it all? "Get that Woke-O-Meter fired up darling, and let's make the statistics look good".Quote:
Originally Posted by SLUDGE FACTORY
Listen Chumski. There is a good reason for it, and it's called history. Not your favourite subject after Marxism and Maggie I know, but here's a little clue.
Brazil: Formerly indians, and invaded by the Portuguese. They used a lot of black slavery to hack the sugar cane and coffee, and mixed with native Indians and dark skinned Portuguese. No secrets there. Oddly, they are darker. Weird, that. But if you go to Sao Paolo, and the areas to the West, there are as many Germans and Swedes there too. They also had the same lack of extradition laws like Argentina for war criminals. It is just that the percentage of population is less. They tend to me quiet and run manufacturing businesses. Alisson Becker came from German family.
Argentina: invaded mainly by North Italians, French, Spanish and British. The British build their railways, set up football clubs, rugby clubs, polo clubs and tennis clubs. Later after World War II, a few Nazi Swedes and Germans also. Mostly fair skinned. Not much black slaves used because the country is small with less dense populations in the South due to it being barren and cold.
If you are suggesting racism is at the heart of it, I suggest you consider migration patterns and history. The Nazi emigration story is true, but the numbers are quite small as a percentage of the population. That said, I have travelled South America, spent a month in Argentina and a month in Brazil. If you want to find the descendants of Nazis you go to Pucon in Chile and Bariloche in Argentina. It is full of descendants of German/Swiss emigres, and you see lots of stories in libraries or plaques stating how their families left between 1944-1948 "for a better life" or some nonsense. Stunning places, but people there appear so cagey compared to your average Argentine / Chilean for sure.
I think you have just handed SLUDGE a new R Sole as well as a history lesson 😂😂😂😂😂😂Quote:
Originally Posted by Keyser Soze
Calm down, it will all be OK for the Argentine economy now. The new President (the love child of Donald Trump and Chucky) is going to blow up the central bank and give the country to the US Dollar. Problem sorted!Quote:
Originally Posted by Keyser Soze
I very much doubt it, although I sent the nuanced sarcasm.Quote:
Originally Posted by jon1959
The debt levels, currency collapse and destruction of foreign exchange reserves tell me they are on their way to oblivion. The world economy is heading to trouble, and the damage has been done to Argentina for far too long. Mainly by Peronists, but equally by the Right. De La Rua was a capitalist who tried to dollarise. From memory he was late 1990s. But the economy went into a vicious downward spiral and the ATMs could not dispense cash. Bank runs leading to disaster. Macri, a capitalist, had the right ideas a few years back, but was too timid. As a result of his timidity confidence was lost on him too. The Left wing Personists have been a disaster every time since the 1950s. Mafia, corruption, debt blowouts, hyperinflation - an utter disaster every single time.
To make this situation easy for the average man to understand, I would equate Argentina to a decent quality aeroplane, fundamentally. Flying into a vicious storm, it loses 3 of it's four engines, and the support staff are drunk or focused on thieving the food and drink, and looting the sales kitty, and calling the pilot the cause of all the problems. With all those distractions, the odds of even the best pilot making it are nothing short of a miracle.
What to do? Here is my take. Milei and Macri propose dollarization. In theory fine, as it was sort inflation by reducing money supply, and reduce the "currency trust" issue to foreign. But Argentina does not have enough FX reserves, and where will the dollars come from? It would cause a deflationary spiral, mass unemployment and civil strife. Singapore and Panama are often quoted as examples of countries who have successfully dollarized, or created a dollar peg in the FX markets. But they are not on the scale of Argentina, so it is impractical, unless Argentina had huge gold / FX reserves - which it does not.
I think the only way out for Argentina is to stiff the IMF and lenders to eliminate their debt, like Iceland did after the GFC. I am against this as it creates another default. But their ace in the pack is the Vaca Loca energy field. If they can get private help in to exploit that huge gas field, they could create a sovereign wealth fund, and start again with debt at zero. Foreign lenders will forget it for a while. They always do. Evidence of that is foreign markets now lend to Greece, whereas in 2014 with the hoo-haa iwht Yannis Vourifakis lenders wanted 15-20% a year to lend to them. Lenders soon forget, until they reach 70-80% of debt-to-GDP and lenders dig out the history books again. But for Argentines, they now have energy to add to soya and beef for export markets. Fundamentally, it can be a rich country.
Argentina's problem I think is cultural. There are just too many welfare dwellers and lazy buggers used to 80 years of cheap handouts. If someone else is doing well you can guarantee the "till dippers", who cannot resist dipping their hands in the till, will come after it. Like Chile having one of the best private pension funds in the world, until the Left wing "till dippers" nationalised it all after the last election. I think it is in the Latin blood. All Latino countries have a tendency to lean towards "till dipping" other people's money. So let's suppose Milei did dollarize, stiff the debt holders, or created a sovereign wealth fund like Norway. Even if it did work, you can guarantee that Peronist "till dippers" will come back at some point. "Let dip a little". Then "Oooh that worked, let's dip in a little more". There is always a reason. A justification. An easy convenience to dip their greasy, sweaty hands in the till again. Suddenly, the perennial short-termist (but cumulative) lack of discipline and repeated tendency to dip in the till keeps going more and more until the money is gone and they are back to huge debts again.
Argentina is a superb country. I love it. But "till dipping" will always ruin it. Until the people stand on their own two feet, grow up and mature, and keep financial discipline and strength of character - like Norway or the Asian countries, it will always end up in trouble.
Argentine's change of wealth started with the change of culture.
The Peronists allowed a huge wave of Southern Italians in during the 50s and 60s to work in the docks. Mafia culture and lazy culture was rife. This then fed into the low grade politicians they started to produce. The Peronists gained with the huge swathe of Italian dock workers voting for them, with increasingly huge breeding patterns with their families. Before they arrived, the Argentines had accumulated their wealthy status of "Fourth Richest in the World" by working hard and saving. There used to be a saying back then "As rich as an Argentine". But the Southern Italian culture took over the capital Buenos Aires. That original Argentine culture became the minority.
It is an amazing story, and very similar to the old anecdote of family wealth. "The grandad made it. The son preserved it. The grandson blew it". Classic case, writ large.
Thank you very much for that Google inspired waffle. You think you are very intelligent but copy and paste and a few I spent a week backpacking chortles are simply not going to cut it .Quote:
Originally Posted by Keyser Soze
I wasn't suggesting racism was an issue on a major scale here even though you have tried to imply I was saying it was .
Good afternoon Joseph MengeleQuote:
Originally Posted by Heathblue
You are rapidly moving into the right wing
Don't trip over
Yep I have been there. Been to ten countries in Latin America. Just because you spent your life dogging around Cowbridge, and on the bus up and down the M4, doesn't mean others have led the same life. Plenty of other folk have travelled too. Take the chip off your shoulder now laddie. Or is it more like a full heavy bag of Maris Pipers?Quote:
Originally Posted by SLUDGE FACTORY
Aye, just another regular day on CCMB. Lecture delivered. Pupil doesn't like it though. Any whiff of knowledge and it is "Googled" apparently. Common accusation. Shoulderoo, Chiperoo, you know how he flows. :hehe: Nothing new under the sun there.Quote:
Originally Posted by Heathblue
It’s like the climate change experts on here , who think having cavity wall insulation is new tech. FFS :hehe:Quote:
Originally Posted by Keyser Soze
The go to Insult when you have a different opinion is either “ you’ve googled it” “ you’re a multi “ or “you’re right wing”
:hehe:
CobblersQuote:
Originally Posted by Keyser Soze
Bugger off back to low level work as a financial advisor
Shut it AdolfQuote:
Originally Posted by Keyser Soze
Let's be honest hereQuote:
Originally Posted by TWGL1
When you spend most of your time talking like a bargain basement Donald trump libertarian and then admit you are a raving conservative people are going to give you a roasting
I don’t mind you giving me a roasting in here because you can give as good as you getQuote:
Originally Posted by SLUDGE FACTORY
The bloke who wrote a lot of books is a tory boyQuote:
Originally Posted by TWGL1
Quite a lot of ex football chaps are
I find it 😂
Sorry to disappoint, but having to live through 3 years of brown shirtedQuote:
Originally Posted by SLUDGE FACTORY
Nazi kunts like this (just a random), there are 1,000's of them, and many on here,
You can call me whatever you want, f*cks i give = zero.
Your lot didn't break me, there were times when it was tough TBF.
Cheers :-)
I'd advise you to buy in bulk
1. Bog Roll
2. Masks
3. Test kits
the next Scamdemic is being prepared.
People like yourself used to fight back against governments, now you just bend over like Doug
Attachment 5937
It would probably be easier just to sit in the garden shed and drink cansQuote:
Originally Posted by Heathblue
Or you don’t provide any links to back up your claims and the multi accusation has to right with you if you were posting on here in the spring of 2020 like you claim you were.Quote:
Originally Posted by TWGL1
Ive told you I was an avid reader that was all and had an account years ago when posters like TVB , caliburn etc was activeQuote:
Originally Posted by the other bob wilson
Don’t you think it’s a bit weird that the same three insults are being banded about all the time ?
Fwiw if people want a reset by opening another account then it’s up to them though and at times the way the pile on’s target certain accounts it’s understandable