Tuesday, September 23, 2014

Cristina meets George‏ Soros as Argentina Collapses

Cristina Fernandez and George Soros
Hi Ferfal,
I don't think any good will come from these two meeting...
Thanks for your very informative website!

Hello Karyn,

I dont think so either.

Argentina is rapidly falling apart. The peso climbed to over 15 to the dollar (the rate was 5 pesos:1 usd two years ago). Inflation is rampant. Electricity has gone up 800% in some cases from one month to the next, and this is common for other services as well. You can imagine how hard it is to make any financial planning. Even small businesses find it impossible to budget for next month or even next week, forget about next year.

Of course, crime keeps getting worse non-stop. It was bad when I left, its even worse now if that’s possible. There’s daily murders as before, but more of them, and more start going unreported. There’s missing people, kidnappings, and very violent home invasions. Even when caught on tape committing an armed robbery, even when found and booked, criminals are still released that same day. Argentina has gone Mad Max.

Most of the country is no man’s land by now and even the “nice” gated communities are still very much vulnerable. In many cases, the developments in places like Nordelta are directly financed by Colombian drug cartels.
At this point and with the rapidly deteriorating currency and society alike there’s just no hope for Argentina.


1 comment:

Michelle said...

Hi Ferfal,

Just wondering something as I observe things in my hometown of Orlando. As Argentina collapses, I have seen more HUGE travel groups of Argentinian teens and families spending exorbitant amounts of money at the theme parks here. I understand that every country has their affluent population segments, but I find it curious that in recent years this particular tourist has become more prevalent and noticeable. If life is so expensive and difficult at home, how are they able to spend 1-2 weeks here the theme parks, which are admittedly expensive for Americans or Europeans to afford as of late. As a matter of fact, Disney in their Shareholder report is completely renovating their shopping district to cater to and is actively targeting South American tourists. Living in S. Florida for a long time, I find it a bit easier to differentiate between Brasilian, Argentinian etc. (although they do make it easier with the teen groups--they advertise their home country on their backpacks). I certainly don't mind people of other countries visiting, it's just curious to me when I see so many Argentinians coming and appearing to have no financial worries at all. No judgement involved, just an observation that has made me wonder. Although I won't lie that if there was some way to convince the young Argentinians to not chant at the top of their lungs 50-60 strong while they are in the park would be helpful. Any tips? LOL