Just to clarify: The root of the problem is deficit spending. Governors use to have an astronomical déficit and the federal government save them by giving them "discrecionary transfers" wich are exactly as they are named. With Milei, the era of rescuing cronycal deficitaries provinces are ended and now those provinces instead of slaying gov spending they issue currency. la rioja has more than 40% of their workforce in the public sector. Of course they have problems! but is not Milei and certainly not a recent one.
They pay the employees in Chacho but the employees are exchanging it for USD. What is the point of creating a fake currency? This means you have to be ready whenn all these people go try to redeem these chacho for USD. So you still need USD and solved nothing. They might as well havr handed everyone USD which would have been automatically accepted everywhere. This is a logistical and expensive nightmare.
Quintela thought he was smarter than Milei, so he creates this quasi-coin believing he would defeat Milei. Plot Twist: The whole province went bankrupt
The only thing that province needs to do to cement that currency? Is to impose a demurrage tax and to allow people to discharge their local taxes with the money. Notably, the city of Wörgl in Germany instituted a stamp script, which is a version of such a money system. It has the advantage of being deflation proof, and also revives a city’s economy in the midst of a great depression. Governments have the monopoly furnishing economies with means of exchange. Yeah, that provision proceeds, commerce and any taxation.
Why so many countries (Indonesia, Iran, Vietnam, African countries) use such high denominations for their daily use. Why can’t they bring value to their local currencies by slowly eliminating the last digits (0) in currency denominations and economy as a whole. Why they fancy of having such huge numbers, and completely ignoring the small numbers (1 to 3 digits). If they were to bring the currency digits to maximum 3 or 4, in that case what will be the financial implications of those countries? Please, can any one help?
Argentina nor any Latin American country should give reparations to any indigenous people. The Spanish Empire not only fought a war against several native peoples but also formed alliances and assimilated both allies and the defeated in a mixture of hundreds of years where they were included within the Empire and were given rights and infrastructure. Argentina, as heir to the viceroyalty of the Río de la Plata, is the owner of all its territories and in these there was never racism as if there was in Europe or the United States, but rather the causes behind the displacement and war against the Malones or Mapuches (who are not even native of the country) was due to the fact that they were violent people who attacked towns. Why do you think that only they were expelled and the rest were assimilated? If you go to the North you will see how the majority of the population is mestizo and even in several regions native languages are spoken, there are even "white" people who speak indigenous languages and have indigenous customs, but for a gringo it is a difficult topic to understand, for something is like snowflakes that everything offends them and everything seems racist to them, they feel guilty because you did horrible things and they believe they have the authority to judge the rest and they remain just crybabies
Argentina nor any Latin American country should give reparations to any indigenous people. The Spanish Empire not only fought a war against several native peoples but also formed alliances and assimilated both allies and the defeated in a mixture of hundreds of years where they were included within the Empire and were given rights and infrastructure. Argentina, as heir to the viceroyalty of the Río de la Plata, is the owner of all its territories and in these there was never racism as if there was in Europe or the United States, but rather the causes behind the displacement and war against the Malones or Mapuches (who are not even native of the country) was due to the fact that they were violent people who attacked towns. Why do you think that only they were expelled and the rest were assimilated? If you go to the North you will see how the majority of the population is mestizo and even in several regions native languages are spoken, there are even "white" people who speak indigenous languages and have indigenous customs, but for a gringo it is a difficult topic to understand, for something is like snowflakes that everything offends them and everything seems racist to them, they feel guilty because you did horrible things and they believe they have the authority to judge the rest and they remain just crybabies
Argentina nor any Latin American country should give reparations to any indigenous people. The Spanish Empire not only fought a war against several native peoples but also formed alliances and assimilated both allies and the defeated in a mixture of hundreds of years where they were included within the Empire and were given rights and infrastructure. Argentina, as heir to the viceroyalty of the Río de la Plata, is the owner of all its territories and in these there was never racism as if there was in Europe or the United States, but rather the causes behind the displacement and war against the Malones or Mapuches (who are not even native of the country) was due to the fact that they were violent people who attacked towns. Why do you think that only they were expelled and the rest were assimilated? If you go to the North you will see how the majority of the population is mestizo and even in several regions native languages are spoken, there are even "white" people who speak indigenous languages and have indigenous customs, but for a gringo it is a difficult topic to understand, for something is like snowflakes that everything offends them and everything seems racist to them, they feel guilty because you did horrible things and they believe they have the authority to judge the rest and they remain just crybabies
Argentina nor any Latin American country should give reparations to any indigenous people. The Spanish Empire not only fought a war against several native peoples but also formed alliances and assimilated both allies and the defeated in a mixture of hundreds of years where they were included within the Empire and were given rights and infrastructure. Argentina, as heir to the viceroyalty of the Río de la Plata, is the owner of all its territories and in these there was never racism as if there was in Europe or the United States, but rather the causes behind the displacement and war against the Malones or Mapuches (who are not even native of the country) was due to the fact that they were violent people who attacked towns. Why do you think that only they were expelled and the rest were assimilated? If you go to the North you will see how the majority of the population is mestizo and even in several regions native languages are spoken, there are even "white" people who speak indigenous languages and have indigenous customs, but for a gringo it is a difficult topic to understand, for something is like snowflakes that everything offends them and everything seems racist to them, they feel guilty because you did horrible things and they believe they have the authority to judge the rest.
Neither Argentina nor any Latin American country should even consider giving reparations to indigenous peoples. During the Spanish Empire, there wasn’t just war with various native groups-alliances were also formed, and both allies and the defeated were assimilated into a society that lasted for centuries. These communities were integrated into the Empire, granted rights, and given access to infrastructure. Argentina, as the heir to the Viceroyalty of the Río de la Plata, rightfully owns all of its territories. In these lands, there was never the kind of systemic racism seen in Europe or the United States. The displacement and conflicts with the Malones or Mapuches (who aren’t even originally from Argentina) happened because they were violent, attacking towns and settlements. Why do you think only they were expelled, while others were assimilated? If you travel to the north of the country, you’ll see that the majority of the population is mestizo, and in many regions, indigenous languages are still spoken. There are even people with European features who speak indigenous languages and follow indigenous customs. But for some foreigners, it’s a difficult concept to grasp. They love to get offended at everything
Where was this impatience with the economy before Melei?
Just to clarify:
The root of the problem is deficit spending. Governors use to have an astronomical déficit and the federal government save them by giving them "discrecionary transfers" wich are exactly as they are named.
With Milei, the era of rescuing cronycal deficitaries provinces are ended and now those provinces instead of slaying gov spending they issue currency.
la rioja has more than 40% of their workforce in the public sector. Of course they have problems! but is not Milei and certainly not a recent one.
40% of the workforce in the unproductive state sector is crazy.
It really isn't the defficit
"Waaahh we cant print money anymore waaahh"
They pay the employees in Chacho but the employees are exchanging it for USD. What is the point of creating a fake currency? This means you have to be ready whenn all these people go try to redeem these chacho for USD.
So you still need USD and solved nothing.
They might as well havr handed everyone USD which would have been automatically accepted everywhere. This is a logistical and expensive nightmare.
And Yet, polititians refuse to reduce spendind...
The point is corruption.
Milei is what Argentina needs.
Quintela thought he was smarter than Milei, so he creates this quasi-coin believing he would defeat Milei.
Plot Twist: The whole province went bankrupt
The only thing that province needs to do to cement that currency? Is to impose a demurrage tax and to allow people to discharge their local taxes with the money. Notably, the city of Wörgl in Germany instituted a stamp script, which is a version of such a money system. It has the advantage of being deflation proof, and also revives a city’s economy in the midst of a great depression. Governments have the monopoly furnishing economies with means of exchange. Yeah, that provision proceeds, commerce and any taxation.
That’s a scam. They want to keep on spending
Si no tienen fondos.. Por que Milei los recorto !! como se piensan que se paga la salud seguridad educación??
Que se financien ellos solos pa, para algo somos un pais federal. Saludos kuka
Some people just never learn and keep making the same mistake over and over.
SIMILAR ACTIONS TO ALL KNOWN US EMERGENCY ISSUES DURING THE PANICS OF 1893, 1907 AND 1914.
This is not new, since the world started to exist Argentina was already printing those local banknotes.
Why so many countries (Indonesia, Iran, Vietnam, African countries) use such high denominations for their daily use. Why can’t they bring value to their local currencies by slowly eliminating the last digits (0) in currency denominations and economy as a whole. Why they fancy of having such huge numbers, and completely ignoring the small numbers (1 to 3 digits). If they were to bring the currency digits to maximum 3 or 4, in that case what will be the financial implications of those countries? Please, can any one help?
Just accept using a mix of the euro, dollar , ruble, bullets and eggs for trade. Skip the local currency completely.
there ir no currency war, just a province not willing to cut money that isnt there to begin with
Congrats to the Governor for taking on the Central Government...
An attempt to destroy the great progress by a wannabe dictator...
Hahha, that currency lasted less than 10 days here was part of very intrascendent news and for people making memes
Like that had never been tried before …….
Wake me up when a governor does this with silver coins.
im no economist, but making your own currency sounds hella bad
The least you could do is learn to pronounce the name of the province correctly.
History is repeating itself. This same practice occurred during the weimar republic, 100-years ago.
Opposite, he stopped money supply growth.
@Rainy_Day12234, the pie equation in math.
It's pronounced "La REE-oh-HAH" !!
Remind me Better Call Saul
Guy is going back to China for help after disparaging them🙄 what a joke. The Chinese should just tell to pizz off🤣
I doubt the Germans in Argentina are poor we never are
Repudiate on the debt and take the hit. Within a decade the economy would have a sustainable boom.
Dude is a Wall Street poppet who has only one mission, open the door to them so they can own the country!
Western shock therapy, creating a neutron economy.
After that there will be warlocks to govern the land.
I guess they want to keep spending 😂
At least they won the world cup lol
Austria and Germany during Weimar. Vote buying politicos can't be repressed.
Argentina needs to pay reparations to native indigenous Indians for stolen land and resources,genocide before worrying about inflation.
Argentina nor any Latin American country should give reparations to any indigenous people. The Spanish Empire not only fought a war against several native peoples but also formed alliances and assimilated both allies and the defeated in a mixture of hundreds of years where they were included within the Empire and were given rights and infrastructure. Argentina, as heir to the viceroyalty of the Río de la Plata, is the owner of all its territories and in these there was never racism as if there was in Europe or the United States, but rather the causes behind the displacement and war against the Malones or Mapuches (who are not even native of the country) was due to the fact that they were violent people who attacked towns. Why do you think that only they were expelled and the rest were assimilated? If you go to the North you will see how the majority of the population is mestizo and even in several regions native languages are spoken, there are even "white" people who speak indigenous languages and have indigenous customs, but for a gringo it is a difficult topic to understand, for something is like snowflakes that everything offends them and everything seems racist to them, they feel guilty because you did horrible things and they believe they have the authority to judge the rest and they remain just crybabies
Argentina nor any Latin American country should give reparations to any indigenous people. The Spanish Empire not only fought a war against several native peoples but also formed alliances and assimilated both allies and the defeated in a mixture of hundreds of years where they were included within the Empire and were given rights and infrastructure. Argentina, as heir to the viceroyalty of the Río de la Plata, is the owner of all its territories and in these there was never racism as if there was in Europe or the United States, but rather the causes behind the displacement and war against the Malones or Mapuches (who are not even native of the country) was due to the fact that they were violent people who attacked towns. Why do you think that only they were expelled and the rest were assimilated? If you go to the North you will see how the majority of the population is mestizo and even in several regions native languages are spoken, there are even "white" people who speak indigenous languages and have indigenous customs, but for a gringo it is a difficult topic to understand, for something is like snowflakes that everything offends them and everything seems racist to them, they feel guilty because you did horrible things and they believe they have the authority to judge the rest and they remain just crybabies
Argentina nor any Latin American country should give reparations to any indigenous people. The Spanish Empire not only fought a war against several native peoples but also formed alliances and assimilated both allies and the defeated in a mixture of hundreds of years where they were included within the Empire and were given rights and infrastructure. Argentina, as heir to the viceroyalty of the Río de la Plata, is the owner of all its territories and in these there was never racism as if there was in Europe or the United States, but rather the causes behind the displacement and war against the Malones or Mapuches (who are not even native of the country) was due to the fact that they were violent people who attacked towns. Why do you think that only they were expelled and the rest were assimilated? If you go to the North you will see how the majority of the population is mestizo and even in several regions native languages are spoken, there are even "white" people who speak indigenous languages and have indigenous customs, but for a gringo it is a difficult topic to understand, for something is like snowflakes that everything offends them and everything seems racist to them, they feel guilty because you did horrible things and they believe they have the authority to judge the rest and they remain just crybabies
Argentina nor any Latin American country should give reparations to any indigenous people. The Spanish Empire not only fought a war against several native peoples but also formed alliances and assimilated both allies and the defeated in a mixture of hundreds of years where they were included within the Empire and were given rights and infrastructure. Argentina, as heir to the viceroyalty of the Río de la Plata, is the owner of all its territories and in these there was never racism as if there was in Europe or the United States, but rather the causes behind the displacement and war against the Malones or Mapuches (who are not even native of the country) was due to the fact that they were violent people who attacked towns. Why do you think that only they were expelled and the rest were assimilated? If you go to the North you will see how the majority of the population is mestizo and even in several regions native languages are spoken, there are even "white" people who speak indigenous languages and have indigenous customs, but for a gringo it is a difficult topic to understand, for something is like snowflakes that everything offends them and everything seems racist to them, they feel guilty because you did horrible things and they believe they have the authority to judge the rest.
Neither Argentina nor any Latin American country should even consider giving reparations to indigenous peoples. During the Spanish Empire, there wasn’t just war with various native groups-alliances were also formed, and both allies and the defeated were assimilated into a society that lasted for centuries. These communities were integrated into the Empire, granted rights, and given access to infrastructure.
Argentina, as the heir to the Viceroyalty of the Río de la Plata, rightfully owns all of its territories. In these lands, there was never the kind of systemic racism seen in Europe or the United States. The displacement and conflicts with the Malones or Mapuches (who aren’t even originally from Argentina) happened because they were violent, attacking towns and settlements.
Why do you think only they were expelled, while others were assimilated? If you travel to the north of the country, you’ll see that the majority of the population is mestizo, and in many regions, indigenous languages are still spoken. There are even people with European features who speak indigenous languages and follow indigenous customs. But for some foreigners, it’s a difficult concept to grasp. They love to get offended at everything
😆😅😅🤣
Try bitcoin
This commentator has an awful pronunciation. Can we please get someone better?
This Chacos will lose value overnight. This is just a poltical ploy from a clueless governor.
Whine, like idiot Milei does 😂
Miles is making life of Argentinians even worse
Milay is a FAKER
Wake up.
Cómo riojano te puedo decir que ninguna persona recibe los chachos
Es un pedazo de papel que no sirve ni de papel higiénico