Post
Topic
Board Politics & Society
Re: Argentina, on the verge of a new currency collapse
by
muyuu
on 17/05/2012, 21:11:53 UTC
Is there any easy way to send dollars/euros/pounds to Argentina outside of government control?

I don't know outside of control. You can do it on traditional ways (WU and MG) which AFAIK are working fine to receive funds (not to send). But I think they're going to convert the funds to ARS on paying...

If they convert them then it's not very useful... what about possession of gold and silver, how does that work there?

Looks pretty obvious that a devaluation is going to happen one way or the other. If they're not careful it may end up in hyperinflation. They just don't want a clearly visible GDP drop that would destroy the illusion of progress... same as they are falsifying inflation data.

I wonder what are the real reserves they are holding right now. They seem really desperate to keep ahold of every dollar, well as I said when I opened this thread, the alarm signs are increasingly more obvious.

In any case Cristina F.K. and her authoritarian model cannot possibly last. They've built such a circle of lies it's only a matter of time the whole thing collapses. I hope it's soon so Argentinian society and productive structure doesn't degenerate much more.

What's coming next? Macri? cannot see that happening. So what else is there? maybe there is a divide big enough within the peronistas so that some of them can be considered an alternative by the population.