Latin America

TexasTowelie

(117,556 posts) Sat Oct 21, 2023, 05:00 PM Oct 2023

Argentina in Deep Trouble as Inflation Hits 138%, Interest Rates 133% & Presidential Elections Loom - Joe Blogs

ARGENTINA is facing ECONOMIC MELTDOWN as Inflation hits 138%, Interest Rates are now at 133%, the country is in the middle of a 3 year DROUGHT, the PESO has been DEVALUED and the country is facing a PRESIDENTIAL ELECTION on 22nd October. The new leader in the polls is a controversial far right candidate who wants to SCRAP the Peso & the Central Bank and move Argentina to using the US DOLLAR. In this video I provide full details of the current situation and discuss the outlook for the next 3 to 6 months.

Chapters:
0:00 Intro
3:29 INFLATION
7:15 FOOD INFLATION
9:07 INTEREST RATES
11:26 PESO
15:57 DOLLARIZATION
18:18 OIL PRICE FREEZE
20:03 SUMMARY & CONCLUSION

4 replies

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Argentina in Deep Trouble as Inflation Hits 138%, Interest Rates 133% & Presidential Elections Loom - Joe Blogs (Original Post) TexasTowelie Oct 2023 OP

I'm sorry to hear this about Argentina. I love the videos where they show where some of the SWBTATTReg Oct 2023 #1

What a shame the media will never acknowledge this travesty was created intentionally by Trump-like Macri, Judi Lynn Oct 2023 #2

Yes. It is a clear pattern. The filthy US Monroe Doctrine lives on. Marcus IM Oct 2023 #3

So true, Marcus IM. Judi Lynn Oct 2023 #4

SWBTATTReg

(24,337 posts)

1. I'm sorry to hear this about Argentina. I love the videos where they show where some of the

Reply to TexasTowelie (Original post)

Sat Oct 21, 2023, 06:06 PM

Oct 2023

largest dinosaurs ever found, are dug up (the whole process). I hope for these people's sake, that all is okay w/ them and their families.

Judi Lynn

(162,543 posts)

2. What a shame the media will never acknowledge this travesty was created intentionally by Trump-like Macri,

Reply to TexasTowelie (Original post)

Sat Oct 21, 2023, 07:21 PM

Oct 2023

who, along with his father before him, supports the goals and history of the fascist military Dirty War dictatorship. They knew what they were doing, and it would place the following progressive administration in an unbelievable hole at the beginning, which it would be fighting to overcome every single day, leaving the country desperate for change. They trusted the public to be so desperate for change they would accept another fascist again. They relied upon short memories, and ignorance within the public.

It has become a pattern, obviously. So damned sad.

Marcus IM

(3,001 posts)

3. Yes. It is a clear pattern. The filthy US Monroe Doctrine lives on.

Reply to Judi Lynn (Reply #2)

Sat Oct 21, 2023, 07:38 PM

Oct 2023

Not clear to those who don't look.

Judi Lynn

(162,543 posts)

4. So true, Marcus IM.

Reply to Marcus IM (Reply #3)

Sat Oct 21, 2023, 10:59 PM

Oct 2023

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