Now I know why citizens were protesting in the streets about the IMF loan. They will pay the price for this deal made by the president who isn't interested in helping citizens, only his rich friends. The biggest IMF loan in history will never be repaid. I lived in Argentina during the 2001 crisis, and now we have another one to deal with. Citizens know this isn't going to be easy for them. My thanks to TRNN and Prof. Hudson for the interview.
To many Argentina citizens trading in USD’s over the past years devalue their own currencies by using the USD. Wake up learn. The Uber Germans, Argentinian’s own and run Argentina. Argentina and its people are a lawless stealing bunch
Jantango Comparatively a Chinese loans would had been with almost Zero interest. China give loans to poorest countries in Africa in exchange of good economic relations. With the lowest birth rate in south america, who will be alive in the future for paying this loan?
Winston Smith in Oceania The Bushes own one of the largest aquifers in the world in Paraguay, you should google it. It's really too bad what's going on, I'm trying to move out of the US, probably to Ecuador. Changing my mind as of late.
no... Macri's re-established neoliberal government, as favored by US, and long in the planning. They have won Brazil, Ecuador. Next, try again to take down Morales in Bolivia, since Venezuela is already in process.
They always crash the currency before they pay back the loan, they say they will give them good continence and will let them slowly pay back the loan with their natural resources or labor.
There must be something else going on besides capital flight and the enriching of the upper class. Why are they doing this? What are they planning for the future? Of course anything we say here is purely conjecture and I know most of us don’t like to speculate. Surely though there is someone out there that can give an educated guess as to what the end game is right? Michael and Sharmini I’m a big fan and and enjoy very much your news source as it is in my opinion “real news” thnx
What would happen to your neighborhood if you git 50 billion? It would buoy asset prices which can to be sold off. once the payment comes due then cash flows will fall along with asset prices.
The loan maintained the value of the currency. That means the money that rich Argentinians had in the bank didn't lose it's value. Just for argument's sake, let's say 3 Argentine pesos could buy 1 US dollars. The rich took their money out of the bank and converted it to US dollars and then they moved it to banks in other countries. Over time, the currency in Argentina lost value. Let''s say it now took 6 pesos to buy 1 dollar. This made imported goods more expensive because the peso is weaker. But the rich people didn't care because they had already moved their money out of the country while the peso was supported by the IMF loan. The poor were left to pay the debt plus the higher cost of imports.
Paul Sliker 1 second ago Great to see Hudson on The Real News talking about Argentina. We do a weekly report with Michael and had an interview with him about this a couple weeks ago: soundcloud.com/leftoutpodcast/the-hudson-report-argentina-imf
"The Creature From Jekyll Island" by G. Edward Griffin explains how the IMF operates. Amazing read! Please check it out. A lot of questions are answered.
Why can't Prof Hudson be persuaded to speak more slowly and deliberately. He said that inflation "causes" the price umbrella over the cost of living that labor has to pay for etc., etc., ... to do what? ... "causes"... to do what? An incomplete sentence and a muddled thought. Prof Hudson should catch his breath, slow down and think before he speaks so that we can understand his effort to share his understand. In spite of her efforts, Sharmini cannot clarify much of what Hudson is trying to say.
It isn't very complicated. Inflation means price inflation. Inflation describes how much the purchasing power of wages are falling. That's how inflation is effectively a regressive tax on the middle and lower classes. The middle class and lower class pay for inflation while the beneficiary of inflation is whoever receives an unfairly low interest rate loan, which is usually corrupt businesses with political connections. In America, it's Wall Street and the big banks. Prof Hudson is suggesting this corporate raider class is going to gain access to the loan funds for themselves, withdraw funds, convert them to other currencies, and leave the Argentine taxpayers with the debt and weaker currency.
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Every time Proff Hudson speaks it's a class! Need to listen multiple times.
15 minutes?! C'mon TRNN. We deserve at least 1 hour of Prof. Hudson!!!
We do a weekly episode with Michael. soundcloud.com/leftoutpodcast/the-hudson-report-argentina-imf
Now I know why citizens were protesting in the streets about the IMF loan. They will pay the price for this deal made by the president who isn't interested in helping citizens, only his rich friends. The biggest IMF loan in history will never be repaid. I lived in Argentina during the 2001 crisis, and now we have another one to deal with. Citizens know this isn't going to be easy for them. My thanks to TRNN and Prof. Hudson for the interview.
Jantango - IMF will be owned by the Cartel Bankers World Bank elite take their money
Ronald Franklin They are one in the same. Same people own central banks and IMF.
To many Argentina citizens trading in USD’s over the past years devalue their own currencies by using the USD. Wake up learn. The Uber Germans, Argentinian’s own and run Argentina. Argentina and its people are a lawless stealing bunch
Jantango
Comparatively a Chinese loans would had been with almost Zero interest.
China give loans to poorest countries in Africa in exchange of good economic relations. With the lowest birth rate in south america, who will be alive in the future for paying this loan?
Jantango they want blood and poverty, is a hungry hungry beast
Another Greece. IMF ugh.
IMF loans can crush countries better than bombs.
So economic terrorism a la IMF. Why is it allowed,how can they be stopped?
Didn't Argentina just offer to allow US military bases? Coincidence?
Argentina, Brazil and Colombia are so fucked in so many levels by the Kochs that you cannot even immagine!!!
Winston Smith in Oceania The Bushes own one of the largest aquifers in the world in Paraguay, you should google it. It's really too bad what's going on, I'm trying to move out of the US, probably to Ecuador. Changing my mind as of late.
no... Macri's re-established neoliberal government, as favored by US, and long in the planning. They have won Brazil, Ecuador. Next, try again to take down Morales in Bolivia, since Venezuela is already in process.
Finally you folks got it right and wrote Prof. Hudson's name in the title!!!
And all of this because A SMALL NUMBER of people which hurts many people. This cannot be tolerated.
They always crash the currency before they pay back the loan, they say they will give them good continence and will let them slowly pay back the loan with their natural resources or labor.
I'm Argentine, living in the country and I'm an economist. I agree with all what Mr. Hudson says... if you have questions, you can ask me.
Why does the public tolerate this financial abuse? Why can't Argentina become a functioning country again?
@@CanoeToNewOrleans Because the middle class wants to destroy the country. Oh and btw YOUR democrats and republicans support this middle class
@@markcorrigan3930 BTW, they aren't MY Democrats and Republicans. I'm not American.
I thought it was only Russia that meddled in other countries!
Masterminded by Putin.
Good and easy to understand analysis on a very complicated issue. Nice prep
Good and important discussion.
always good to hear this gentleman.... thank you
Highly unlikely THEY will work with them to restructure the debt.. Id like to see the fine print on the loans.
There must be something else going on besides capital flight and the enriching of the upper class. Why are they doing this? What are they planning for the future? Of course anything we say here is purely conjecture and I know most of us don’t like to speculate. Surely though there is someone out there that can give an educated guess as to what the end game is right? Michael and Sharmini I’m a big fan and and enjoy very much your news source as it is in my opinion “real news” thnx
International Misery Fund
perfect analysis
When I heard Argentina had become eligible for IMF loans I told my wife this was next - history rhyming. Neoliberalism at its deadliest.
Why isn't Anybody with A degree talking from Argentina! 😠😠
IMF criminal!!!
can someone explain to me why the loan allows or causes capital to leave the country?
Compounding interest.
oh yeah didnt think of that. thanks
What would happen to your neighborhood if you git 50 billion? It would buoy asset prices which can to be sold off. once the payment comes due then cash flows will fall along with asset prices.
The loan maintained the value of the currency. That means the money that rich Argentinians had in the bank didn't lose it's value. Just for argument's sake, let's say 3 Argentine pesos could buy 1 US dollars. The rich took their money out of the bank and converted it to US dollars and then they moved it to banks in other countries. Over time, the currency in Argentina lost value. Let''s say it now took 6 pesos to buy 1 dollar. This made imported goods more expensive because the peso is weaker. But the rich people didn't care because they had already moved their money out of the country while the peso was supported by the IMF loan. The poor were left to pay the debt plus the higher cost of imports.
Who is buying the Peso now?
Paul Sliker
1 second ago
Great to see Hudson on The Real News talking about Argentina. We do a weekly report with Michael and had an interview with him about this a couple weeks ago: soundcloud.com/leftoutpodcast/the-hudson-report-argentina-imf
Lagarde, you witch!
"The Creature From Jekyll Island" by G. Edward Griffin explains how the IMF operates. Amazing read! Please check it out. A lot of questions are answered.
. . WE . . . WILL . . . . BANKRUPT . . . . YOU (Queen)
The working clad must switch to bitcoin.
09/23/26 The Vernal Equinox of 2030 Sooner 42 Moons
2:02
Why can't Prof Hudson be persuaded to speak more slowly and deliberately. He said that inflation "causes" the price umbrella over the cost of living that labor has to pay for etc., etc., ... to do what? ... "causes"... to do what? An incomplete sentence and a muddled thought. Prof Hudson should catch his breath, slow down and think before he speaks so that we can understand his effort to share his understand. In spite of her efforts, Sharmini cannot clarify much of what Hudson is trying to say.
It isn't very complicated. Inflation means price inflation. Inflation describes how much the purchasing power of wages are falling. That's how inflation is effectively a regressive tax on the middle and lower classes. The middle class and lower class pay for inflation while the beneficiary of inflation is whoever receives an unfairly low interest rate loan, which is usually corrupt businesses with political connections. In America, it's Wall Street and the big banks. Prof Hudson is suggesting this corporate raider class is going to gain access to the loan funds for themselves, withdraw funds, convert them to other currencies, and leave the Argentine taxpayers with the debt and weaker currency.
Michael Creighton yes, price inflation is an indirect means of wage deflation. Austerity is neo-slavery by financialized means.
The gold standard or all debt traps.
Poor Argentinians