A Message From Lucianne  




Home Page | Latest Posts | Links | Must Reads | Update Profile | RSS | Contribute | Register | Rules & FAQs
Privacy Policy | Search | Post | Contact | Logout | Forgot Password | Search Using Google

  Topic: Argentina freezes prices to break
inflation spiral
Change your user profile.
If you are having trouble posting, please take the time to register.
Your User Name :
Your Password
  I forgot my password
Your Reply  :
Preview Reply     Post Reply
Argentina freezes prices to break
inflation spiral

Associated Press, by Almudena Calatrava

Original Article

Posted By:schnapps, 2/4/2013 3:45:05 PM

Buenos Aires, Argentina — Argentina announced a two-month price freeze on supermarket products Monday in an effort to break spiraling inflation. The price freeze applies to every product in all of the nation´s largest supermarkets — a group including Walmart, Carrefour, Coto, Jumbo, Disco and other large chains. The companies´ trade group, representing 70 percent of the Argentine market, reached the accord with Commerce Secretary Guillermo Moreno, the government´s news agency Telam reported.

This is the next step after a spendthrift government doesn´t change course. After stiffing bondholders and raiding pension plans, Argies are now going to see empty supermarkets.


Post Reply  

Reply 1 - Posted by: woodenleg, 2/4/2013 3:48:55 PM     (No. 9158122)

In a couple of years time the liberal/left will be demanding we send food to Argentina because their citizens are going hungry.

  Click Here if you Like this Comment

Reply 2 - Posted by: crimea river, 2/4/2013 3:52:48 PM     (No. 9158133)

The IMF also censured Argentina for putting out inaccurate economic data.
Has the IMF has noticed that the US has been running (down) without a budget for four years and Barry Peron Øbama has just missed the deadline for submitting the next one?


  Click Here if you Like this Comment




Reply 3 - Posted by: Jethro bo, 2/4/2013 4:03:40 PM     (No. 9158161)

I remember when this worked so well under Nixon. Except instead of decreasing gas lines, it made them worse. Man, it won´t be long before we have a huge Argentina version of the Animal House food fight.

  Click Here if you Like this Comment

Reply 4 - Posted by: bobgray2, 2/4/2013 4:04:18 PM     (No. 9158164)

"Price freezes" To be followed promptly by food shortages, lines to buy basic food supplies, hoarding, rising unemployment, and riots. The stupidity of liberals on full display. Again.

  Click Here if you Like this Comment

Reply 5 - Posted by: HPmatt, 2/4/2013 4:12:14 PM     (No. 9158181)

This is getting ready to hit the US next year when Obamacare cuts payments to Doctors and other medical service providers - they´ll stop providing the service, they´ll retire, they´ll work a day less a week, etc.

  Click Here if you Like this Comment

Reply 6 - Posted by: dman, 2/4/2013 4:17:30 PM     (No. 9158195)

Dittos, #3. Shortages to come ...

  Click Here if you Like this Comment

Reply 7 - Posted by: submariner, 2/4/2013 4:19:55 PM     (No. 9158202)

#4 beat me to it. Price freezes don´t address the problem (central bank monetary policy), they only make it impossible to do business, and shortages result. It wouldn´t surprise me if this budding Eva Peron is clueless to the history of price controls. A remarkable picture of this occurred in Germany just after WW2 when the then-chancellor lifted price controls (which were a component of US occupation policy, BTW). OVERNIGHT shelves were restocked.

  Click Here if you Like this Comment




Reply 8 - Posted by: VAfreedomluver, 2/4/2013 4:20:19 PM     (No. 9158205)

If I was in Argentina, I´d be investing in the black market right now. It´s going to explode.

  Click Here if you Like this Comment

Reply 9 - Posted by: kiltedone, 2/4/2013 4:25:11 PM     (No. 9158208)

It will work this time...wait and see. All you need is the right leader and this one is "cute" :-)

  Click Here if you Like this Comment

Reply 10 - Posted by: Hammock, 2/4/2013 4:32:30 PM     (No. 9158223)

I do remember Nixon´s wage and price controls. I recall he started by freezing the price of meat temporarily just before the election. It must have worked... for him.

Fernandez might be "cute" under all that makeup, but I can´t tell.

  Click Here if you Like this Comment

Reply 11 - Posted by: jimincalif, 2/4/2013 4:37:59 PM     (No. 9158233)

That´ll work!

Shortages are coming, black markets and the underground economy will thrive.

And 0bama will try it here once Bernanke´s QE 1, 2, 3, etc. backfire.

  Click Here if you Like this Comment

Reply 12 - Posted by: schnapps, 2/4/2013 4:38:44 PM     (No. 9158237)

...and this one is "cute" :-)

Not close up. Rumor is her makeup bills and surgery bankrupted the country.

  Click Here if you Like this Comment




Reply 13 - Posted by: Ida Lou Pino, 2/4/2013 4:46:54 PM     (No. 9158258)

Oh, this is so wonderful! I´m on the verge of tears!

Now all the people will have all the food they want at prices they can afford to pay. And the greedy food profiteers will have to answer to the people.

Why can´t it be this way all the time - - everywhere? Why can´t Santa Claus bring us presents every day - - instead of just on Christmas Eve?

  Click Here if you Like this Comment

Reply 14 - Posted by: mickturn, 2/4/2013 4:46:58 PM     (No. 9158259)

Yea, that will work...until the suppliers won´t sell at the low price.

  Click Here if you Like this Comment

Reply 15 - Posted by: mickturn, 2/4/2013 4:48:21 PM     (No. 9158267)

Libs do this to force creation of yet another crisis that they have to step in as hero´s and solve. These cycles need to be totally busted!

  Click Here if you Like this Comment

Reply 16 - Posted by: tatterdemalion, 2/4/2013 4:59:38 PM     (No. 9158303)

Only racists point out that the emperer has no clothes.

  Click Here if you Like this Comment

Reply 17 - Posted by: shepsmum, 2/4/2013 5:05:00 PM     (No. 9158322)

Time to take another trip to Argentina! The black market for the dollar is above 8/peso (official rate around 5). It is expected to go up to 10, easily.

Such a beautiful country, with so many assets...and such a terrible government.

  Click Here if you Like this Comment




Reply 18 - Posted by: stablemoney, 2/4/2013 5:16:15 PM     (No. 9158341)

When will Argentina freeze the money printing presses?

  Click Here if you Like this Comment

Reply 19 - Posted by: Axeman, 2/4/2013 5:43:52 PM     (No. 9158387)

All you who say that gov´t price controls lead to rationing and shortages, just because they always have in the past, are not thinking positively. You should know that we are much smarter now and know the correct way to do it. Besides, would you just do nothing and let the situation get out of control?
Shame on you. You should look forward to it happening here.

(Do I really need a /s for this?)

  Click Here if you Like this Comment

Reply 20 - Posted by: msjena, 2/4/2013 5:47:22 PM     (No. 9158395)

Price controls cause shortages--see NYC rent control.

  Click Here if you Like this Comment

Reply 21 - Posted by: federale, 2/4/2013 5:57:40 PM     (No. 9158412)

Argentina was a wealthy country prior to Juan and Eva Peron. But a headlong rush into fascism bankrupted the country and spun it into chaos from which has never fully recovered. Obama is warmed-over Peron. History does repeat itself.

  Click Here if you Like this Comment

Reply 22 - Posted by: uno, 2/4/2013 6:01:56 PM     (No. 9158421)

The Government solution to a Government caused problem!
Yeah, price controls - that´s really gonna work too...
Dam fools that are too arrogant to admit they are wrong and too greedy to let go of power!
Sound familiar?

  Click Here if you Like this Comment



Reply 23 - Posted by: lavalette, 2/4/2013 6:23:22 PM     (No. 9158480)

Coming soon to a grocery store near you.

  Click Here if you Like this Comment

Reply 24 - Posted by: OhioTom, 2/4/2013 6:55:32 PM     (No. 9158522)

Poor, poor Argentina. They will learn the hard way as I fear we will also.

  Click Here if you Like this Comment

Reply 25 - Posted by: Manitouman, 2/4/2013 6:59:54 PM     (No. 9158533)

Good luck with that.

  Click Here if you Like this Comment

Reply 26 - Posted by: The Advocate, 2/4/2013 7:00:54 PM     (No. 9158535)

No wonder the Usurper embraced Kirchner and the Malvinas.
He is one of them.
Argentina also had the largest gold reserves in the world pre Peron and exported wheat,
Compare Argentina and Chile - like Texas and California or New York.

  Click Here if you Like this Comment

Reply 27 - Posted by: choey, 2/4/2013 7:05:17 PM     (No. 9158539)

Nothing like doing things that are proven failures. The Argentine people don´t deserve this. I spent 3 years working in Buenos Aires and loved every minute of it. Most of them are wonderful people.

  Click Here if you Like this Comment

Reply 28 - Posted by: valinva, 2/4/2013 7:55:34 PM     (No. 9158615)

Nixon´s ineffective wage and price controls were followed but Ford´s WIN (whip inflation now)buttons which were followed by Carter´s stagflation.

  Click Here if you Like this Comment

Reply 29 - Posted by: dvc, 2/4/2013 8:58:42 PM     (No. 9158685)

Stupid, stupid, stupid.

Food shortages will be starting soon. If I were in Argentina, I´d be stocking up ASAP with long term storable foods. Going to be government caused hard times, as usual.

  Click Here if you Like this Comment

Post Reply   Close thread 722010

Below, you will find ...

Most Recent Articles posted by "schnapps"


Most Active Articles (last 48 hours)

Most Recent Articles posted by "schnapps"

Nicaragua scraps term limits in
boost for socialist Ortega
Reuters, by Ivan Castro    Original Article
Posted By: schnapps- 1/28/2014 3:43:17 PM     Post Reply
MANAGUA - Nicaragua´s national assembly on Tuesday voted to scrap presidential term limits, which could allow socialist President Daniel Ortega to remain in power indefinitely and has stoked concerns about democracy in the Central American country. Lawmakers must still formally sign off on the details of the bill, likely in a vote on Wednesday, which will make the impoverished country the latest in a string of Latin American nations from Bolivia to Ecuador to give presidents power extending beyond their traditional limits.

California bond sale for high-speed
rail project blocked by judge
Reuters, by Jim Christie    Original Article
Posted By: schnapps- 11/25/2013 9:09:11 PM     Post Reply
San Francisco - A California judge ruled on Monday against the state´s plan to issue more than $8 billion in bonds to help build an 800-mile high-speed train system and rescinded the project´s funding plan, which estimates the system´s cost at $68 billion. Judge Michael Kenny of Sacramento County Superior Court said in a written ruling that there was too little information to support the decision by the California High-Speed Rail Authority to move forward with the debt sale. (snip) In a separate decision, Kenny ordered the rail authority to rescind its funding plan for the statewide passenger rail system but

Zimbabwe: Foreigners must close
shops by Jan 1
Associated Press, by staff    Original Article
Posted By: schnapps- 11/25/2013 1:47:46 PM     Post Reply
Harare - Zimbabwean authorities say they have given foreign shop-owners - mostly Chinese and Nigerian nationals - an ultimatum to shut down their businesses by 1 January. A top official of the black empowerment ministry said only Zimbabweans had the right to run shops that have sprung up across the country and are termed foreign businesses targeted under the nation´s black empowerment laws, the state-controlled Herald newspaper reported Friday.(snip)According to state media, shop owners who fail to comply will be arrested.

California grants driver’s licenses
to illegal immigrants
Washington Times, by Stephan Dinan    Original Article
Posted By: schnapps- 10/3/2013 3:13:44 PM     Post Reply
California Gov. Jerry Brown signed a bill Thursday granting illegal immigrants driver’s licenses, in a decision immigrant rights groups hailed as a major step forward for their movement. ( snip ) Mr. Brown, a Democrat, still has several other major immigration bills pending on his desk that he must sign or reject by Oct. 13, including one that would require localities to turn over violent criminal immigrants that federal authorities want to deport. The new California licenses will have special markings that show they aren’t supposed to be used as identification for federal purposes,

Gen. Clark claims he´s a victim of ´
indignities´ by wife as grounds
for divorce, NOT his new
bombshell girlfriend
New York Post, by staff    Original Article
Posted By: schnapps- 8/13/2013 3:44:20 PM     Post Reply
Gen. Wesley Clark claimed he’s the victim of “general indignities” by his wife, in divorce papers that blame her for their marriage’s breakdown -- and not his alleged fling with a much-younger woman. The 68-year-old former NATO Supreme Commander is filing for divorce in Arkansas against Gertrude Kingston Clark, in hopes of ending their 46-year marriage. Clark cited “general indignities” for the reason behind the divorce, according to the Daily Mail.

Musk unveils plans for
$10 billion Hyperloop
CNBC, by staff    Original Article
Posted By: schnapps- 8/12/2013 6:36:08 PM     Post Reply
Air cushioning: That´s the high-concept technology behind the high-speed transit concept that billionaire Elon Musk calls the Hyperloop. Musk - who already plays leading roles in the SpaceX rocket venture, the Tesla electric car company and the SolarCity solar-energy company - unveiled what he has called the "alpha" version of the Hyperloop plan in a blog post on Monday. (snip) The plan is aimed at cutting the travel time between San Francisco and Los Angeles to a half-hour, at a price that´s less than an airline ticket between those two cities.

Armed agents raid animal shelter
for baby deer
WISN 12 News, by Colleen Henry    Original Article
Posted By: schnapps- 8/1/2013 4:08:36 PM     Post Reply
KENOSHA, Wis. —WISN 12 News investigates an operation raising questions about the use of government resources and the state policy that meant a death sentence for a fawn. "It was like a SWAT team," shelter employee Ray Schulze said. Two weeks ago, Schulze was working in the barn at the Society of St. Francis on the Kenosha-Illinois border when a swarm of squad cars arrived and officers unloaded with a search warrant. "(There were) nine DNR agents and four deputy sheriffs, and they were all armed to the teeth," Schulze said. The focus of their search was a baby fawn

Most Active Articles (last 48 hours)

Has Rush Limbaugh Finally
Reached the End Of The Road?

47 replie(s)
Forbes Magazine, by Rick Ungar    Original Article
Posted By: EveningStar- 4/16/2014 7:24:05 PM     Post Reply
Like him or hate him, there is no disputing that Rush Limbaugh’s very special brand of mixing right-wing politics with his flare for entertainment has produced one of the most successful radio programs in the medium’s long history. Whatever the burning political question of the day, millions of Americans have relished the opportunity to tune into Rush’s program, knowing that he would quickly take that hot potato, throw a few gallons of verbal kerosene into the mix and elevate the matter into a five alarm fire with a just a few well-chosen words spoken in the style only Rush Limbaugh could

Kim Novak responds to post-
Oscars ridicule: ‘I was bullied.’

47 replie(s)
Washington Post, by Soroya Nadia McDonald    Original Article
Posted By: MissMolly- 4/18/2014 5:02:40 AM     Post Reply
After presenting at the Academy Awards this year, Kim Novak didn’t want to leave her house. The Hitchcock screen siren, 81, was too humiliated to venture from her home near the Rogue River in Oregon. She read the cruel posts and Internet snark about her appearance, and it was just too much. “It got to me like it gets kids and teenagers,” she told the Associated Press. The “Vertigo” actress, considered one of the great beauties in her day, posted a note on her Facebook wall Thursday, acknowledging that she’d gotten fat injections in her face and addressing her halted

Analysis: Obama Celebrates
Eight Million ´Enrollments,´
Again Declares Debate ´Over´

41 replie(s)
Townhall, by Guy Benson    Original Article
Posted By: KarenJ1- 4/17/2014 8:56:28 PM     Post Reply
President Obama addressed the White House press corps today, announcing that with the final numbers in, Obamacare´s exchanges have attracted eight million sign-ups -- 35 percent of whom are "under the age of 35," he said. Several elements of his comments were misleading: (1) At first blush, the 35 percent stat is both significant and impressive. As recently as last month, the share of "young invincibles" signing up for plans was struggling in the 25 percent range, far short of the actuarial target of nearly 40 percent. A leap into the mid-30´s, while still shy of the goal, would constitute a major step, and would bode well for the risk pools'

Michelle Obama Riverdances
Through Dublin to the Tune
of $7,921,638

40 replie(s)
Breitbart Big Peace, by Tom Fitton    Original Article
Posted By: JoniTx- 4/17/2014 6:45:16 AM     Post Reply
When it comes to tracking the cost of Obama family vacations, there are two primary challenges. First, the Obamas are prolific jet-setters, so there are many details to track. Second, the Obama administration, clearly embarrassed by these lavish and frequent family vacations, stonewalls the release of records at every turn. But we have been relentless in pursuit of this information. Our attorneys file the lawsuits and make our case, and our investigators pour through pages of records and crunch the numbers. And the information we’ve uncovered – information that would otherwise remain under lock and key – shows that the

Why is US Senator Harry
Reid so concerned with
a local Nevada rancher?

39 replie(s)
Fox News, by Wayne Allyn Root    Original Article
Posted By: KarenJ1- 4/16/2014 9:37:12 PM     Post Reply
I live in Las Vegas. I live and breath Nevada politics. Something is very wrong. Something smells rotten in the Nevada desert. And Senator Harry Reid’s fingerprints are all over it. I am of course referring to the Bundy Ranch siege. This was a dispute between a Nevada ranching family with rights to the land in question for 140 years and the BLM (Bureayu of Land Management). The government claims they haven’t paid grazing fees for 20 years. The result was a government assault on the ranch- including snipers with assault rifles, SUV’s, helicopters, airplanes and over 200 heavily armed troops. No

The Folly Of The Bundy Ranch Rebellion
39 replie(s)
The Federalist, by Grace Olmstead    Original Article
Posted By: Pluperfect- 4/18/2014 4:21:46 AM     Post Reply
It’s the stuff of Westerns: a showdown on the desert plains, the big bad government against an underdog farmer. Though the story has only grabbed national headlines in the past several days, rancher Cliven Bundy has illegally grazed cattle on the Nevada land surrounding his farm for over 20 years. He hasn’t paid grazing fees since 1993, and refuses to renew the necessary grazing permit.(Snip)Rather than using the avenues and pathways presented to him, Bundy has staunchly declared his own law and allegiances. Unfortunately, reality doesn’t work this way. If only it did—we could rebel for paying stupid taxes, refuse to

Students Demand Acknowledgement of
Robert E. Lee´s ´Racist and Dishonorable Conduct´

36 replie(s)
Breitbart´s Big Government, by AWR Hawkins    Original Article
Posted By: Desert Fox- 4/18/2014 12:35:28 PM     Post Reply
A group of seven multiracial Washington and Lee University (W&L) students are demanding the school remove all Confederate flags from campus and "acknowledge" General Robert E. Lee´s "dishonorable side." According to the Roanoke Times, "seven multiracial students, calling themselves ´The Committee,´" have also demanded the school "acknowledge and apologize for participating in chattel slavery." They want recognition of "Martin Luther King Jr. Day on the undergraduate campus" and an end to "neo-Confederates" marching across campus "to the Lee Chapel on Lee-Jackson Day." The students say they will "engage in civil disobedience" if their demands are not met by September 1st. They added: "The

Post Reply   Close thread 722010

Home Page | Latest Posts | Links | Must Reads | Update Profile | RSS | Contribute | Register | Rules & FAQs
Privacy Policy | Search | Post | Contact | Logout | Forgot Password | Search Using Google

© 2014 Lucianne.com Media Inc.