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I mean, the entire thing with these bonds is you watch them crater in value till they are traded for less than 1%, then you bribe officials to accept these at full face value at the next round of privatizations.
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Aug 30, 2019 07:41
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fondos buitres ftw
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Aug 30, 2019 07:54
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Argentine foreign exchange capital controls are back. Mandatory preapprovals by Central Bank regulations to buy up to 10,000 dollars or equivalent in foreign currencies per person, per month. Also, mandatory sale of foreign currency in the local market for all exports, still pending a Central Bank ruling on how it will be implemented (possibly making the terms to sell dollars to the Central Bank in exchange for pesos much shorter). Macri has backtracked almost entirely on what he did during his government with a worse country as a result. E: lol FIVE DAYS for exporters to sell their dollars internally, that's brutal Tony Sorete fucked around with this message at 19:16 on Sep 1, 2019 |
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Sep 1, 2019 19:12
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Cambiemos is my least favourite peronist faction
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Sep 1, 2019 20:03
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Is Peronism just the Argentine version of social democracy, in the sense that it plays the role of nominally leftist movement that ultimately serves capital? I know very little about Argentina but that's the impression I always had for some reason.
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Sep 1, 2019 20:24
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Tony Sorete posted:Argentine foreign exchange capital controls are back. Mandatory preapprovals by Central Bank regulations to buy up to 10,000 dollars or equivalent in foreign currencies per person, per month. Also, mandatory sale of foreign currency in the local market for all exports, still pending a Central Bank ruling on how it will be implemented (possibly making the terms to sell dollars to the Central Bank in exchange for pesos much shorter). Does this affect people sending foreign currencies through Western Union to Argentina? Because it might gently caress up me helping my family if so. They do receive the money in pesos
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Sep 1, 2019 20:35
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It really shouldn't but I don't think they even thought of such minutiae. Reuters in English: https://www.reuters.com/article/us-argentina-economy-idUSKCN1VM1IH
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Sep 1, 2019 20:48
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Pochoclo posted:Does this affect people sending foreign currencies through Western Union to Argentina? Because it might gently caress up me helping my family if so. They do receive the money in pesos f you are bringing foreign currency into the country you probably qualify for a steamy night with Sandleris. Shibawanko posted:Peronism [...] ultimately serves capital?
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Sep 1, 2019 22:45
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Yes, always. Those who accuse Peronism of being anything close to hard socialism/Marxist doctrine need to study a lot more Argentine history. Some state economy planning affecting productive forces, including state-owned industries? Possibly, but nowhere near actual "planned economy" and way more like Western Europe during the 20th century.
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Sep 2, 2019 02:55
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Peronismo is homeopathic fascism, a charismatic, dictatorial ideology watered down to the point that its only distinguishing characteristic is the identity of the person selling it.
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Sep 2, 2019 04:29
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The quick and dirty of most of Brazilian and Argentinean economic and political alignments is this: There are essentially four branches of the elite, with some significant overlap: - A local industrial and manufacturing elite that, historically, has produced stuff for domestic consumption - A financial business elite, that makes money from banking, stocks and speculation - A local agricultural elite, which makes money from the export of commodities - High level government bureaucrats, generally the sons and daughters of one of the above groups. Peronismo, much like Vargas, are solidly aligned with the first group. Which in relation to the working class meant two things: crushing any type of left wing worker mobilization with strict anti-communist policies, while coopting unions and workers through some relative gains in labor rights and income, because it is in their interest to maintain labor peace like that while fostering a domestic consumer base. The distinction between these groups is important because historically they at different points had different interests (agricultural elites would side with finance people against industry people to keep the economy open so they could import their toys, but broke off with the financial elite when it came to currency exchange, as a quickly devaluing currency helps exports but hurts finance). Of course, they are still part of the elite, so if the workers start to get a little bit too comfortable or a little too organized, they have no trouble joining the other elite groups.
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Sep 2, 2019 17:21
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https://twitter.com/fercanofre/status/1171727912267067394 latin american militaries specialize in murdering their own citizens
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Sep 12, 2019 00:55
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https://twitter.com/karimeiers/status/1178808966631034881?s=19 Latin America really should not have copied the US style of government.
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Oct 1, 2019 01:21
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Yeah uh... it's hard for me to read things about this, what's going on?
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Oct 1, 2019 01:41
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Grondoth posted:Yeah uh... it's hard for me to read things about this, what's going on? Vizcarra was elected as vice president and became president after the elected president resigned for corruption tied to the Odebrecht scandal. Since then he has made his main thing anti-corruption reforms and is generally popular with voters (this is insanely uncommon in Latin America over the last few years). The Congress, dominated by the Fuerza Popular party (neoliberal, tied to the 1990s Fujimori dictatorship) voted for new members of the Constitutional Tribunal that Vizcarra opposes. He's allowed to dissolve Congress after losing two votes of confidence, and he's already lost one. The second one is being held up, probably because Fuerza Popular doesn't want the Congress to be dissolved - it's very unpopular and a bunch of them would lose their seats. So this is all in limbo where if Congress was running normally this could all happen legally, but because the second confidence vote won't happen it's in extralegal territory.
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Oct 1, 2019 01:56
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Dissolve congress in a Latin American country you say :milicothunk:
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Oct 1, 2019 14:04
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The party controlling congress in Peru are Right-Wing populists lead by the daughter of the former Peruvian president and dictator who is currently in jail. The president held a national referendum on banning private money in political campaigns, outlawing reelection, and readjusting the congressional makeup and reinforcing the independence of the court system. Congress seems to have ignored that and his other anti-corruption motions. Dissolving Congress in this situation is probably unconstitutional, but extremely popular, and I'm not going to shed tears for a bunch of corrupt fascist pigs who are getting auto-couped by their own President.
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Oct 1, 2019 14:22
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https://www.youtube.com/watch?v=zcDPraZLkgo
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Oct 5, 2019 16:32
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Latin America: taxes like Sweden, public services like...... uhhhh... well at least we have some pretty good public universities and some level of free healthcare for all? Could be worse like in the US
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Oct 5, 2019 16:54
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The Unis are literally under attack so let's see how that will hold lol.
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Oct 5, 2019 17:20
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Oh yeah it’s sad as gently caress how much anything decent in public education at least in Arg is despite the government, and not thanks to it. Lots of teachers holding it together with wire and duct tape while the galaxy brains in the neolib right say anyone in a university is a dirty subversive zurdito because who remembers the Night of the Pencils anyway
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Oct 5, 2019 18:26
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Our state government owes UABC, my state's public Uni , 1.5k million pesos. The administrators and teachers are organizing a massive protest next week for that. The school's reserves are running dry and money from raffle tickets and tuitions is just not enough to cover for everything. This is the first time I'm going to a protest and the general opinion doesn't seem to be "lol millenials", which is encouraging
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Oct 6, 2019 08:07
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So, what the hell is going on on Equador?
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Oct 8, 2019 20:15
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https://twitter.com/BadEmpanada/status/1181591108645789703
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Oct 9, 2019 00:26
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So uh, any chance of Tawantinsuyu being restored there?
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Oct 9, 2019 01:11
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they're gonna get murdered by an illegal army intervention by the us
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Oct 9, 2019 01:59
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lol It's true tho cuantas copas tenes???
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Oct 9, 2019 21:45
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https://twitter.com/BenjaminNorton/status/1183138334710870018?s=19
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Oct 13, 2019 17:55
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That's hosed up. That's also what's gonna happen in Brazil if the people decide to rise up against Bostoneiro, only worse.
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Oct 13, 2019 18:37
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https://www.youtube.com/watch?v=g0kfSyVYWoo
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Oct 13, 2019 21:18
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Negrostrike posted:That's hosed up. That's also what's gonna happen in Brazil if the people decide to rise up against Bostoneiro, only worse. We should be burning everything to the loving ground at this point, so don’t worry about it.
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Oct 13, 2019 22:03
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Man, Ecuador's new president really did take a hard turn from Correa.
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Oct 13, 2019 22:13
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Negrostrike posted:Bostoneiro Is this a Brazilian-ism? I like it, if so.
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Oct 13, 2019 23:36
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Our nazi lunatic foreign minister is accusing it to be a "foro de são paulo" backed coup https://twitter.com/ernestofaraujo/status/1183438689831133190
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Oct 14, 2019 12:57
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I had not been paying attention to what was happening in Ecuador until I saw it in the news this weekend regarding protests and the raise of oil prices. Also, one political ally of Correa went to the Mexican embassy for protection Assange's style. anyone got a good summary of what is going on? It's not like Correa was the savior of Ecuador AFAIK.
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Oct 14, 2019 17:50
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President decided to do away with fuel subsidies, decreasing them last year ( or the year before). There were other austerity measures in the decree, like reducing salarios of certain public workers, having other public workers "donate" one days worth of work every month, etc. This sparked protest by the transport unions, and subsequently the indigenous population, which marched to the capital and other big cities to strike. However, a lot of people took advantage of the strikes and the chaos to steal and destroy private businesses. Not everyone supported the protests, and while the decree was withdrawn, the government and indigenous groups are still negotiating a new one.
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Oct 15, 2019 04:16
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What is a good way to become better informed about Mexican current events?
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Oct 18, 2019 04:41
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RandomPauI posted:What is a good way to become better informed about Mexican current events? Noticias de mexico
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Oct 18, 2019 05:28
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So... um... Culiacán is doing pretty bad right now https://twitter.com/AgeraldineAvila/status/1185042038196199424 https://twitter.com/blogdelnarcomx/status/1185048203655368704 https://twitter.com/_iamJERRY/status/1185058502924034048 Here, a narco walks into a restaurant and tells people to leave and find shelter because things are gonna get bad. Someone asks if they can leave the city via the highway, but the narco tells him armed ppl will be coming from all places so it's best not to leave and find shelter within the city. Apparently, all of this was to free El Chapo's son https://www.aljazeera.com/news/2019/10/gun-battle-thwarts-mexico-attempt-arrest-son-el-chapo-191018020304380.html
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Oct 18, 2019 06:54
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If I can be totally honest, Culiacan is actually what prompted me to ask about Mexican current events.
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Oct 18, 2019 07:31
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