So, while it is interesting to cover news ASAP, it is prudent to make sure everything can and will be revised before upload. -Sur is neither "brazilian" nor portuguese (our language). It's spanish for south. In "brazilian" (portuguese) it would be Sul. -That peso shown besides the Real is not an Argentinian Peso. -The graph shows Arg. Peso against Phil. Peso.
1:38 Love that the Peso they used is our Philippine Peso. At first glance I thought Argentine Peso look oddly similar to ours with the National Hero perfectly the same person. After realization hit I just burst out laughing which I've never did for months now
That is not Brazil peso. Is literally Philippines peso that are already corrupt as hell. We are not corrupt nation that vote son of dictator in office and also we are not south east Asia slave economy that have cheap labor market including have education crisis that millions of Filipinos don't even know how to read and write. We are not like them that cannot even protest against their president that purpose to survive their corrupt family instead of serving the people.
Well, I'm from the countryside of São Paulo and we frequently exchange the final L for R, then there's a lot of people in Brazil who say "Sur" for "South".
There's no "Brazilian" Language, The official language in Brazil is Portuguese. Moreover, "sur" is "south" in Spanish, the official language of Argentina. Please don't make these mistakes, these are things that you can learn in less than 30 seconds by going to Wikipedia, and this keeps happening when you cover news from South America, where for instance, you systematically misspell Colombia as "Columbia".
@@simhaari This is not a matter of opinion. The official language of Brazil is Portuguese and that should be reflected in a News Channel which should be objective. Sure the language variety is different in Brazil but it is still Portuguese not Brazilian.
That is not Brazil peso. Is literally Philippines peso that are already corrupt as hell. We are not corrupt nation that vote son of dictator in office and also we are not south east Asia slave economy that have cheap labor market including have education crisis that millions of Filipinos don't even know how to read and write. We are not like them that cannot even protest against their president that purpose to survive their corrupt family instead of serving the people.
Guys, another correction (this video has so many mistakes sadly). 6:14 Argentina and Brazil already have labor mobility as it arises from Mercosur citizenship. Mercosur citizens have the right to free movement, residence and employment throughout the bloc and associated states
It has indeed but it isn't as simple as the one in the EU, though. There is some paperwork to be done and approvals to collect. But it isn't as bad as getting a work visa to a third country either
That is not Brazil peso. Is literally Philippines peso that are already corrupt as hell. We are not corrupt nation that vote son of dictator in office and also we are not south east Asia slave economy that have cheap labor market including have education crisis that millions of Filipinos don't even know how to read and write. We are not like them that cannot even protest against their president that purpose to survive their corrupt family instead of serving the people.
Guys, I really love your videos and I follow every single TLDR channel, but I feel forced to make the following corrections: 1. Brazil speaks Portuguese or “Brazilian Portuguese” 1:20 2. The comparison at 6:00 is against Philippine Peso, kinda random! Anyways, thanks for making videos about the long-forgotten South America, I truly appreciate that and look forward for more!
1:29 I find it funny that this guy not only believed the sur meant south in Portuguese, but said "Brazilian" as a language 🤣🤣. For those who reading this, "Sur" is South in Spanish and "Sul" is South in Portuguese.
For Argentinians, ceding/sharing monetary autonomy might be a perk rather than a downside, haha. Hope they manage to move forward with this idea! Also (aside from all the comments about the wrong peso, the "sur" being south in brazilian, etc.), it's worth mentioning that there's already free mobility of labour in Mercosur and it also extends to some countries outside of it, such as Chile, Peru, Colombia, etc...
It would not be the case. Its a *common* currency (parallel) not a *unique* one (like the euro). It does not replaces anything and our currencies can float freely (to an extent I guess). What the sur would replace is the use of the USD. and yes, it would be extremely beneficial for argentina - and latam in general - in many way
Quick note: The bill showed when he said "Argentine peso" is NOT the Argentine peso, it's the Philippine peso. Our current 20 pesos bill has a Guanaco in it.
Great video, as always. Just two details on 1:32: 1) “sur” means south in Spanish, not Brazilian, and 2) In Brazil they speak Portuguese, not Brazilian. In Portuguese south is “sul”
Please ignore most of the information in this video, the authors clearly didn't bother to research the proposal. The common currency is not meant to be used inside of Argentina and Brazil's economies, it's meant to serve as a substitute for the dollar in import/export transactions. Both economies will maintain total control of their monetary policies, but this will allow for transactions to take place without the need for foreign reserves in a currency that neither country controls.
to be fair Argentina is very dependent on Brazil for its economy and politics. So, it makes sense why Argentina would want a common currency with Brazil and it could potentially help South America if more Latin/South American nations join the union.
Maybe interesting to note, that South America already has a common market called Mercosur (Mercado del Sur/Sul), so a monetary union is a reasonable next step on an already existing trajectory
monetary reform is the easy one to do , it's the fiscal reform that is the roadblock .... That is mainly the root cause of all Euro problems ... they adjusted their monetary policies, but kept each country's fiscal policies ... so the price of capital/labor/debt is different in each country ....
@@marcoarnaud3964 It would be. Because Argentina won't be able to print money. That's a big disadvantage with common currencies, you can't print money you have beg for bailouts.
That's the point. All the instability isn't completely internal either. Remember when Argentina was sued by Russia because they tried to nationalise their mineral resources? That's what only aided the defaulting crisis.
@@pawelzybulskij3367 literally in the video, it says the new currency isn't about replacing old currencies (like EURO), it's about a mutual currency that'll work alongside REAL and PESO.
@@pawelzybulskij3367 but it would not replace the peso. Unlike the euro, Argentina would still retain the right to print their national currency. And even if the peso started to get super devalued, the sur and, especially, the real shouldn't be super effected
Actually it literally does, basically like the EU, and not just for Mercosur members but for most of South Am. countries, that's why it's a lil bit more bureaucratic, but yes it already does, the point used on the video have zero value
In eight minutes you explained the subject a lot better than Brazilian media did in a week. It took days for them to realize it was not a single currency but rather a common one.
Alguns meios já mencionavam que era moeda comum logo no início, mas o monte de desinformação e fake news rodando no nosso país é tão grande que demora mesmo para a poeira baixar e chegar em um consenso...
well, if you look at conservative news, they obviously would explain it badly, their objective is to not have this happen in the first place, other news source however explained it pretty well
Related and potential topic: The Eco, if ever comes to fruition, will be a common currency for West Africa. The West Africa Monetary Zone is meeting in the Gambia next week to further strides towards a common central bank ahead of establishment of Eco.
1:27 SUR, meaning south, comes from the Argentine Spanish not from Brazil's Portuguese (south is SUL in Brazil/Portuguese) 1:40 that PESO image is the Philippine Peso not Argentinian Peso 5:59 Argentine Peso VS Philippine Peso? Do you know what you are doing, TLDR?
There are a few errors in this video: 1- "Sur" does not stand for south in Portuguese. It is "Sul". 2- The Argentina peso is not shown. That´s Philipines currency. With even Pilipinas written in it. 3- The graphic clearly shows the Argentina peso compared to Philipines currency. 4- "Brazilian" is not a language. Portuguese is. 5- The peoples of the countries of Mercosul, which includes both Brazil and Argentina, already can travel freely from one country to another. Anyway, I am happy to see news from Latin America here. Keep it up please!
5:55 The graph is completely nonsense. It shows a decrease of Argentine Peso (ARS) relative to Philippine Peso (PHP) not to Brazilian Real (BRL). Also, at 1:40 it is shown a BRL$ 20 bill against a PHP$ 20 bill, not an ARS$ 20 bill.
I love this. I have a Uruguayan background ( Born in the U.S) but I love to hear about our region. I feel like there is incredible potential, but yeah have to deal with a lot of systemic issues first. Would y’all make a video on Uruguay as well? They don’t have as much sway, but they’re an interesting politics and stability that’s uncommon for the region.
Stability isn't uncommon in the region, it's just that events of instability get all the press internationally since they seem to enjoy showing Latin America failing. That's why little is known about the stable places outside of the region.
the euro was a massive failure has lost 40% of his value from the usd perspective so made the europeans even poorer , it opened the door for tax evasion, the only beneficiaries had been big corporations and politicians.
@@emanuelriquelme1133 False. I am neither and I benefit from it every day, and the value was a consequence of the energy crisis, and it's climbing back up right now.
@@albevanhanoy mate the eu almost collapsed a decade ago. the euro needs a lot of very complex regulations which makes it ideal for tax loop holes, also it's a very expansive currency that's why they have hyper inflation in the real estate market. unless you are successful your dream of owning a home in your country in a desirable area has evaporated thanks to the euro. so stop lying.
@@emanuelriquelme1133 "Almost Collapsed a decade ago?" HA HA HA HA Nice one mate, that was funny. Thanks for the joke, I wasn't sure if you were trolling.
@@albevanhanoy the oligarchs and the americans have benefited a lot from the euro, for the peasants at least you can sign up for social housing and perhaps in 20 years they grant you a 2 bed condo 40 minutes away from the jobs. At least for me I hope that the euro still exist until the summer so I can save some money Greek islands 🥳🥳
1:39 Hi, In advance what you see in reference as peso is the Philippine Peso. And the bill you see is about to be replaced and turned into a coin. The the Argentinian Peso its the Philippine Peso
I'm sorry but TLDR has consistently done linguistic mistakes when covering news related to the Lusosphere and the Hispanosphere. Even though you get the overall information right, and cover the big picture in an informative way, these small mistakes really stick out. If your editors can't double check these small mistakes due to the volume of work or pace at which you work, then maybe you should aim to have nationals from the countries you're covering to double check your scripts in a politically neutral way. I've seen many people in your comments delight in the fact you gave global reach to their national events, so I'm sure setting up a volunteer network is possible.
That is not Brazil peso. Is literally Philippines peso that are already corrupt as hell. We are not corrupt nation that vote son of dictator in office and also we are not south east Asia slave economy that have cheap labor market including have education crisis that millions of Filipinos don't even know how to read and write. We are not like them that cannot even protest against their president that purpose to survive their corrupt family instead of serving the people.
Mercosur should remove all internal tariffs between nation-states and fully adopt the EU-type of free movement of people, capital, goods, and services in order for a common Mercosur currency to work out as intended. Having a common currency with Brazil leading it will be good for Argentina's economy in the long-run because Argentina's central bank cannot monetize its debt and then print money out of the thin air that causes hyperinflation right now.
@@jackyex Not really, we're closer to becoming a satellite of China tho. Argentina is going to become irrelevant in the following years, as other economies and societies develop.
Don't think there's any apetite right now for free movement, after the millions of Venezuelans that have left their country and arrived in Colombia, Peru, Chile, etc., creating a lot of issues. Here in Chile there a growing anti-immigration sentiment that's becoming increasingly accepted, even within the left
While I do appreciate what this video tries to explain and highlight, I must emplore you to up your editorial standards. The Philippine Peso being shown, the language mix up of "Sur" and the Argentinian Peso being pegged against the Philippine Peso, not the Brazilian Real is just massively devaluing your whole video. Please hire fact checkers, whose sole purpose it is to check the final cut for such mistakes.
Actually both countries agree on lots of things, it's not for nothing that we're still the largest members of Mercosur. Our rivalries are mostly scoped to sports and a little of geopolitical desire to take over the other, but that's no different from the same thing happening between, say, Germany and France.
Yeah, It is very likely that it will not be like the euro that an independent body controls the amount and issuance of the currency for a good reason. It is very likely that Brazil and Argentina have control over the currency, the problem is that the current government of Argentina does not understand basic monetary theory so they are basically going to print until it is worth nothing, if the current government of Brazil allows it, it will also drag Brazil down with it, knowing that it is very easy to understand why Paraguay and Uruguay absolutely refused, we do not want a shared hyperinflation.
a common currency makes alot more sense for south american than a single currency, unlike europe which got to develope along similar lines due to the marshall plan after ww2, south america benefits from no prior economic harmonization. plus, they are far more reliant on the ability of their domestic currency to float than european countries were when the euro was adopted. having a second currency to fill the role the dollar currently does, while giving the south american countries more control over their non-domestic currency markets could do some real good.
As a Brazilian, I wouldn't like to have a common currency with Argentina because despite we're neighbors countries, it's not the whole country of Brazil that shares border with it or any kind of cultural relations or even commercial. Beside all that, they just about 45 millions which could be compared to an amount of population of one State of Brasil (a bigger one, comparing it to São Paulo or Minas Gerais). I think is not relevant to have bilateral interests measure equally and even making us to call our currency with a Spanish name or even giving it up of our own.
The Euro actually used to be a common currency, it was used in parallel to national currencys to steadily match up its value with (the now former) currencys. so this is actually not too dissimiliar to the euro
Factual error: The Euro was available, in electronic form, along the national currencies for years before the switch. This is not a difference. Once the actual bank notes were circulating there was a period that prices were indicated in both, and the old currecy could be converted to Euro for years (I think 10). You are missing fiscal issue. Euro zone is based on some fiscal constraint the countries must adhear to. Otherwise the biggest economies in the block can use fiscal policies that affect the whole and cannot be countered by the smallers partners. This is indipendent of external shocks. Example: what happen if one big country in the group decide to borrow a lot to boost the economy (like Liz)? If its economy is big enough it will affect all. That is why the Euro zone has fiscal rules on what is allowed and what isn't and conflict resolution mechanism. There is another way to lock two countries exchange: peg your currency to the other or use directly the other currency. Small countries do both, usually with USD. The difference is that you can undo it unilaterally as you did when setting it up. But you do get negative effect on loans etc when splitting.
All Brazilians I know don't want to pay the bill for the failed economical policies of Argentina, nor do they want Argentinians to come and take their jobs. So, I guess this idea will not develop into a South American version of the Euro any time soon.
As a Brazilian, I prefer that Brazil in its financial transactions with partner countries use the dollar, which is a transnational and stable currency, creating a new currency with a neighboring trading partner that has almost 100% inflation is not advantageous in my view.
The principal problem with this new currency is that both countries are plague by inflation, here in Argentina is about 100% per year which is one of the worst in the world and we have already changed our currency multiple time in the last decades so if we do this we will drag Brasil down very bad. At least this is what I can say from the argentine side.
I'm Brazilian and totally agree with you. Hope you guys at Argentina get rid of Fernandez and Kirchner on the next election. We will be stuck with Lula for at least four more years, and hopefully just that.
What you said about China's interest rates makes no sense. "They are already low" - we are talking about raising rates here, not lowering. The EU also had low rates previously.
2:00 so it’s kinda like monetary basket like was a group of student from Japan They made AMU (Asian Monetary Unit; which composes Australian dollar, Chinese Yuan/ Renminbi, South Korean Won, Indian Rupee, New Zealander Dollar, Philippine peso, Malaysian Ringgit, Indonesian Rupiah, Cambodian Riel, Vietnamese Dong, Thai Baht, Burmese Kyat, Lao Kip, Bruneian Dollar, Singaporean Dollar and Hong Kong Dollar ) Not to mention the ASEAN FTA and ASEAN plus 6 and plus 3
Ahh... TLDR with it's always high editors and scriptwriters who didn't even bother to conduct proofread. I feel like I read a fanfic written by a teenager. Let's make a petition for Brazilian to be an official language
The conversation was actually about a common currency that both countries could use for trade and investment but not to switch their currency for it like the Euro.
Big mistakes: 1. Brazilians speak Portuguese. It’ll be like saying Americans speaking American. 2. Sur is not south in Portuguese. It would take a quick trip to Google Translate to know that. 3. At 1:40 you showed the Philippine peso, not Argentine. If you want to look for specific items, type “Argentine peso” in Google to be sure, not just “peso”. 4. Not sure why you are comparing the Argentine peso to the Philippine peso at all.
I love you guys, I watch you all the time and I think you do great work, so I don't mean to only criticize when I comment. BUT: -"seperate" instead of "separate". Twice! - A chart comparing the Argentinian peso to the Phillipines peso, not the Brazilian real. - The Spanish vs Portuguese confusions mentioned by other commenters.
So, while it is interesting to cover news ASAP, it is prudent to make sure everything can and will be revised before upload.
-Sur is neither "brazilian" nor portuguese (our language). It's spanish for south. In "brazilian" (portuguese) it would be Sul.
-That peso shown besides the Real is not an Argentinian Peso.
-The graph shows Arg. Peso against Phil. Peso.
This video was very poorly made
@@theblackmailguy875 seems quite rushed. Maybe a tough deadline to meetM
And Brazil and Argentina are the only 2 countries in S. America in the thumbnail
@@JOGA_Wills no they are not, and if you mean only highlighted countries, then yes, it is in line with the title
THANK YOU! I almost had a heart attack when I heard "'sur' is 'south' in Brazilian" LMAO
1:38 Love that the Peso they used is our Philippine Peso. At first glance I thought Argentine Peso look oddly similar to ours with the National Hero perfectly the same person. After realization hit I just burst out laughing which I've never did for months now
That is not Brazil peso. Is literally Philippines peso that are already corrupt as hell. We are not corrupt nation that vote son of dictator in office and also we are not south east Asia slave economy that have cheap labor market including have education crisis that millions of Filipinos don't even know how to read and write.
We are not like them that cannot even protest against their president that purpose to survive their corrupt family instead of serving the people.
Shiiiiiiit
Check 5:58 too. Argentine peso to Philippine peso
The unmistakable flag of PH is showing. Lol.😄
just the usual quality of this channel.
"Sur" is South in Spanish Argentina's Official Language. Brazil speaks Portuguese where the translation would be "SuL".
This channel in general knows jack shit about any language other than English and South America
Foi feio esse erro pqp
This will go on the editors mistake video for sure 😅
Well, I'm from the countryside of São Paulo and we frequently exchange the final L for R, then there's a lot of people in Brazil who say "Sur" for "South".
I love that he said “in Brazilian” 😭
Correction: "Sur" is South in Spanish not Brazilian.
*Cries in Portuguese*
And they have a worker from Madeira, Portugal...
@@titiwa632 You mean Madeira?
@@Rolando_Cueva oh, yes
@Zaydan Alfariz I don't know exactly where he is from, I know that he lives in the island of Madeira, Portugal
1:30 Jack managed to get Brazilians, Argentinians and Portugueses angry in one sentence Hahahaha
I'm Portuguese and I agree
I'm Argentine and I agree
I'm Brazil and I agree
and don't forget the filipinos
Gringos again uniting the rest of the world through sheer ignorance
There's no "Brazilian" Language, The official language in Brazil is Portuguese. Moreover, "sur" is "south" in Spanish, the official language of Argentina. Please don't make these mistakes, these are things that you can learn in less than 30 seconds by going to Wikipedia, and this keeps happening when you cover news from South America, where for instance, you systematically misspell Colombia as "Columbia".
Also, yes, as some have also pointed out, you have an image of the Philippine Peso and not the Argentinian Peso 🤦♂. DO BETTER TLDR Team!
Having been to Portugal and Brazil , I disagree.
Brasileiros falan Brasileiro.
@@simhaari This is not a matter of opinion. The official language of Brazil is Portuguese and that should be reflected in a News Channel which should be objective. Sure the language variety is different in Brazil but it is still Portuguese not Brazilian.
Do they really spell it Columbia? That's atrocious.
@@simhaari you are so wrong
Tldr: Says Argentine Peso
*shows Philippine Peso*
That is not Brazil peso. Is literally Philippines peso that are already corrupt as hell. We are not corrupt nation that vote son of dictator in office and also we are not south east Asia slave economy that have cheap labor market including have education crisis that millions of Filipinos don't even know how to read and write.
We are not like them that cannot even protest against their president that purpose to survive their corrupt family instead of serving the people.
Bruh Moment
Guys, another correction (this video has so many mistakes sadly). 6:14 Argentina and Brazil already have labor mobility as it arises from Mercosur citizenship. Mercosur citizens have the right to free movement, residence and employment throughout the bloc and associated states
It has indeed but it isn't as simple as the one in the EU, though. There is some paperwork to be done and approvals to collect. But it isn't as bad as getting a work visa to a third country either
6:00 shows the graph for the Argentinian Peso against the Philippine Peso since the last year
The editorial standards of this video aren't great.
That is not Brazil peso. Is literally Philippines peso that are already corrupt as hell. We are not corrupt nation that vote son of dictator in office and also we are not south east Asia slave economy that have cheap labor market including have education crisis that millions of Filipinos don't even know how to read and write.
We are not like them that cannot even protest against their president that purpose to survive their corrupt family instead of serving the people.
It's kind of wierd as well because it shows 5y selected even though the graph itself it as if 1y was selected
It's not even just that. In the midline of the graph, you can see 5Y is selected, but the X axis only shows 1 year.
Guys, I really love your videos and I follow every single TLDR channel, but I feel forced to make the following corrections:
1. Brazil speaks Portuguese or “Brazilian Portuguese” 1:20
2. The comparison at 6:00 is against Philippine Peso, kinda random!
Anyways, thanks for making videos about the long-forgotten South America, I truly appreciate that and look forward for more!
1:29 I find it funny that this guy not only believed the sur meant south in Portuguese, but said "Brazilian" as a language 🤣🤣. For those who reading this, "Sur" is South in Spanish and "Sul" is South in Portuguese.
Some notes:
-Brazilians don't speak Brazillian, they speak Portuguese
-"Sur" does not mean anything in Portuguese 😅 "Sul" means south
for them we all speak spanish and eat tacos
@@FBI.capturo.gente.rara. We all play soccer like Maradona and Pele
1:28 "called the sur, or south in brazilian" now thats funny
it means south in spanish😂not even in portuguese
@@cedric9806 got my brazilian instincts kicking in, had to fight to keep my cool
@@blank-tw4db Isn't Brazil basically early-access Portugal?
as a brazilian I laughed a lot, because some brazilian caipiras (our rednecks) actually say "sur" instead of "sul"
@@M8M8ss this has to be a joke right
For Argentinians, ceding/sharing monetary autonomy might be a perk rather than a downside, haha. Hope they manage to move forward with this idea!
Also (aside from all the comments about the wrong peso, the "sur" being south in brazilian, etc.), it's worth mentioning that there's already free mobility of labour in Mercosur and it also extends to some countries outside of it, such as Chile, Peru, Colombia, etc...
Argentinians chose usd as currency
It would not be the case. Its a *common* currency (parallel) not a *unique* one (like the euro). It does not replaces anything and our currencies can float freely (to an extent I guess). What the sur would replace is the use of the USD. and yes, it would be extremely beneficial for argentina - and latam in general - in many way
@@SBVCP argentinas choose USD as currency
Quick note: The bill showed when he said "Argentine peso" is NOT the Argentine peso, it's the Philippine peso. Our current 20 pesos bill has a Guanaco in it.
Before the Euro was the ECU - valued against a basket of EU currencies which where pegged, and used off the high street. So much the same route.
Came here to say ECU, too.
From the video I didn’t understood if the new currency will only exist on paper and then would be quite like the ECU.
Great video, as always. Just two details on 1:32: 1) “sur” means south in Spanish, not Brazilian, and 2) In Brazil they speak Portuguese, not Brazilian. In Portuguese south is “sul”
es literalmente la misma palabra con una letra de diferencia
@@gonza8148 mesmo assim estava errado, falamos português não espanhol.
1:28 "Sur, south in Brazilian" lmao. I can hear Portuguese and Spanish people screaming xd.
Yep, that was me.
Please ignore most of the information in this video, the authors clearly didn't bother to research the proposal. The common currency is not meant to be used inside of Argentina and Brazil's economies, it's meant to serve as a substitute for the dollar in import/export transactions. Both economies will maintain total control of their monetary policies, but this will allow for transactions to take place without the need for foreign reserves in a currency that neither country controls.
Lula and Haddad will probably bankrupt Brazil in the process
This will either turn out to be an amazing idea or a terrible idea.
Those are literally the 2 options for anything lol
Genius
to be fair Argentina is very dependent on Brazil for its economy and politics. So, it makes sense why Argentina would want a common currency with Brazil and it could potentially help South America if more Latin/South American nations join the union.
@@IwannaDomyCrush nah it can be mid also
Every sixty seconds in Africa a minute passes
Maybe interesting to note, that South America already has a common market called Mercosur (Mercado del Sur/Sul), so a monetary union is a reasonable next step on an already existing trajectory
The problem with common currency is that it's difficult for a country to do any monetary reforms
nope the main issue, is disparity
I don’t see Brazil nor Argentina doing any reforms in the near term. Furthermore, both economies are still headed for problems.
monetary reform is the easy one to do , it's the fiscal reform that is the roadblock .... That is mainly the root cause of all Euro problems ... they adjusted their monetary policies, but kept each country's fiscal policies ... so the price of capital/labor/debt is different in each country ....
Well Argentina should be kept very far from any type of monetary and financial policy, so it's a win for them.
@@ralphemerson497 the respective country centeral banks cant freely control the currency
Mate, I think you used the wrong currency photo. That’s the Philippine peso and not the Argentine one
Oh man, usually graphics are pretty but y'all kinda dropped the ball with this video
Even the Euro is on shaky footing, with Argentina being a chronic defaulter, no one would trust it.
Since it seems to be to ease Brazilian and Argentinian economic relations, that fact that Argentina is a defaulter would not be that big of a problem
@@marcoarnaud3964 It would be. Because Argentina won't be able to print money. That's a big disadvantage with common currencies, you can't print money you have beg for bailouts.
That's the point. All the instability isn't completely internal either. Remember when Argentina was sued by Russia because they tried to nationalise their mineral resources?
That's what only aided the defaulting crisis.
@@pawelzybulskij3367 literally in the video, it says the new currency isn't about replacing old currencies (like EURO), it's about a mutual currency that'll work alongside REAL and PESO.
@@pawelzybulskij3367 but it would not replace the peso. Unlike the euro, Argentina would still retain the right to print their national currency.
And even if the peso started to get super devalued, the sur and, especially, the real shouldn't be super effected
Doesn't the freedom of movement and capital described at 6:20 already exist because of Mercosur?
Technically it does but it's not like EU, there's still some bureaucracy in the way
@@NMarinhoRJ like eu
Actually it literally does, basically like the EU, and not just for Mercosur members but for most of South Am. countries, that's why it's a lil bit more bureaucratic, but yes it already does, the point used on the video have zero value
In eight minutes you explained the subject a lot better than Brazilian media did in a week. It took days for them to realize it was not a single currency but rather a common one.
I noticed that in other languages, None ever get to the point and are as informative as English speaking media.
@The Daybreaker - sim, não é *só* o viés. Pra falar de economia tem uma galera muito mal preparada, uma coisa impressionante
Alguns meios já mencionavam que era moeda comum logo no início, mas o monte de desinformação e fake news rodando no nosso país é tão grande que demora mesmo para a poeira baixar e chegar em um consenso...
well, if you look at conservative news, they obviously would explain it badly, their objective is to not have this happen in the first place, other news source however explained it pretty well
@@matheusGMN - yeah, I meant mainstream media
Related and potential topic: The Eco, if ever comes to fruition, will be a common currency for West Africa. The West Africa Monetary Zone is meeting in the Gambia next week to further strides towards a common central bank ahead of establishment of Eco.
1:27 SUR, meaning south, comes from the Argentine Spanish not from Brazil's Portuguese (south is SUL in Brazil/Portuguese)
1:40 that PESO image is the Philippine Peso not Argentinian Peso
5:59 Argentine Peso VS Philippine Peso? Do you know what you are doing, TLDR?
Having the same currency as Argentina? No thanks.
only for trade between the two countries so we don't pay bank taxes. a COMMON currency, not THE SAME currency.
There are a few errors in this video:
1- "Sur" does not stand for south in Portuguese. It is "Sul".
2- The Argentina peso is not shown. That´s Philipines currency. With even Pilipinas written in it.
3- The graphic clearly shows the Argentina peso compared to Philipines currency.
4- "Brazilian" is not a language. Portuguese is.
5- The peoples of the countries of Mercosul, which includes both Brazil and Argentina, already can travel freely from one country to another.
Anyway, I am happy to see news from Latin America here. Keep it up please!
Bro made the entirety of Brazil, Argentina, Portugal and The Philipines mad, lol
1:28 "...or South in Brazilian"
Lol there's no language called Brazilian
There is. Majority Brazilian speakers are in Brazil and the rest in some small country in Europe and maybe somewhere else.
@@pawelzybulskij3367 we don't call it Brazilian. we call it Portuguese.
Brazil: sees argentina handle its currency over the past 40 years
Argentina: wanna combine our money?
Brazil: you sunavabich, i’m in
This will cost Brazil alot of pain.
No doubt about it. I'm Brazilian by the way, and we are getting more scared at the government each day.
''Sur'' + ''Real'' + ''Peso'' = Sureal Peso.... amazing xD
Where do you outsource your video editing, TLDR News Global? Using the Philippine 20-peso bill as reference to the Argentine peso?
5:55 The graph is completely nonsense. It shows a decrease of Argentine Peso (ARS) relative to Philippine Peso (PHP) not to Brazilian Real (BRL). Also, at 1:40 it is shown a BRL$ 20 bill against a PHP$ 20 bill, not an ARS$ 20 bill.
nuestro peso filipino usa ₱ en lugar de $
You mentioned “sur” is “Brazillian” for south. There is no Brazillian language it is called Portugese. It also means south in Spanish.
I love this. I have a Uruguayan background ( Born in the U.S) but I love to hear about our region. I feel like there is incredible potential, but yeah have to deal with a lot of systemic issues first. Would y’all make a video on Uruguay as well? They don’t have as much sway, but they’re an interesting politics and stability that’s uncommon for the region.
Stability isn't uncommon in the region, it's just that events of instability get all the press internationally since they seem to enjoy showing Latin America failing. That's why little is known about the stable places outside of the region.
1:28 Brazillian isn't a language, they speak Portuguese
1:39 "the Argentine peso" _(shows stock photo of a Philippine peso)_
As a European I welcome this initiative.
the euro was a massive failure has lost 40% of his value from the usd perspective so made the europeans even poorer , it opened the door for tax evasion, the only beneficiaries had been big corporations and politicians.
@@emanuelriquelme1133 False. I am neither and I benefit from it every day, and the value was a consequence of the energy crisis, and it's climbing back up right now.
@@albevanhanoy mate the eu almost collapsed a decade ago. the euro needs a lot of very complex regulations which makes it ideal for tax loop holes, also it's a very expansive currency that's why they have hyper inflation in the real estate market.
unless you are successful your dream of owning a home in your country in a desirable area has evaporated thanks to the euro.
so stop lying.
@@emanuelriquelme1133 "Almost Collapsed a decade ago?"
HA HA HA HA
Nice one mate, that was funny. Thanks for the joke, I wasn't sure if you were trolling.
@@albevanhanoy the oligarchs and the americans have benefited a lot from the euro, for the peasants at least you can sign up for social housing and perhaps in 20 years they grant you a 2 bed condo 40 minutes away from the jobs. At least for me I hope that the euro still exist until the summer so I can save some money Greek islands 🥳🥳
1:39
Hi,
In advance what you see in reference as peso is the Philippine Peso. And the bill you see is about to be replaced and turned into a coin. The the Argentinian Peso its the Philippine Peso
6:03 the picture show Argentinian Peso to Philippine Peso while the narrator saying "Brazilian Real"
Congratulations for covering this story better than the media here in Brazil 👏
Exceto pelos mil e um erros de representação né meu filho? 😒
I'm sorry but TLDR has consistently done linguistic mistakes when covering news related to the Lusosphere and the Hispanosphere. Even though you get the overall information right, and cover the big picture in an informative way, these small mistakes really stick out. If your editors can't double check these small mistakes due to the volume of work or pace at which you work, then maybe you should aim to have nationals from the countries you're covering to double check your scripts in a politically neutral way.
I've seen many people in your comments delight in the fact you gave global reach to their national events, so I'm sure setting up a volunteer network is possible.
You used the philippine Peso, not the argentinian for the graphics
That is not Brazil peso. Is literally Philippines peso that are already corrupt as hell. We are not corrupt nation that vote son of dictator in office and also we are not south east Asia slave economy that have cheap labor market including have education crisis that millions of Filipinos don't even know how to read and write.
We are not like them that cannot even protest against their president that purpose to survive their corrupt family instead of serving the people.
Mercosur should remove all internal tariffs between nation-states and fully adopt the EU-type of free movement of people, capital, goods, and services in order for a common Mercosur currency to work out as intended. Having a common currency with Brazil leading it will be good for Argentina's economy in the long-run because Argentina's central bank cannot monetize its debt and then print money out of the thin air that causes hyperinflation right now.
some countries dont want it because you can be sure everybody will leave their countries for Chile or Brazil
Argentina would become an economic satellite of Brazil.
@@pac1fic055 they are already.
@@jackyex Not really, we're closer to becoming a satellite of China tho. Argentina is going to become irrelevant in the following years, as other economies and societies develop.
Don't think there's any apetite right now for free movement, after the millions of Venezuelans that have left their country and arrived in Colombia, Peru, Chile, etc., creating a lot of issues. Here in Chile there a growing anti-immigration sentiment that's becoming increasingly accepted, even within the left
While I do appreciate what this video tries to explain and highlight, I must emplore you to up your editorial standards. The Philippine Peso being shown, the language mix up of "Sur" and the Argentinian Peso being pegged against the Philippine Peso, not the Brazilian Real is just massively devaluing your whole video. Please hire fact checkers, whose sole purpose it is to check the final cut for such mistakes.
Brazil and Argentina agreeing on something
I thought we never see the day
Actually both countries agree on lots of things, it's not for nothing that we're still the largest members of Mercosur. Our rivalries are mostly scoped to sports and a little of geopolitical desire to take over the other, but that's no different from the same thing happening between, say, Germany and France.
I wouldn't want to be attached to Argentina economically like that if I was Brazil
Dont want tango?
I'm a Brazilian and totally agree with you.
@@nancode lula will do for saving his beloved cfk
A common currency amongst a bunch of unstable and questionable democracies with grudges against each other. Should be a win.
Yeah, It is very likely that it will not be like the euro that an independent body controls the amount and issuance of the currency for a good reason.
It is very likely that Brazil and Argentina have control over the currency, the problem is that the current government of Argentina does not understand basic monetary theory so they are basically going to print until it is worth nothing, if the current government of Brazil allows it, it will also drag Brazil down with it, knowing that it is very easy to understand why Paraguay and Uruguay absolutely refused, we do not want a shared hyperinflation.
Great video, i feel like this is the sort of stuff i wouldnt have heard about in other news sources. Also pretty damn well done 👍
a common currency makes alot more sense for south american than a single currency, unlike europe which got to develope along similar lines due to the marshall plan after ww2, south america benefits from no prior economic harmonization. plus, they are far more reliant on the ability of their domestic currency to float than european countries were when the euro was adopted. having a second currency to fill the role the dollar currently does, while giving the south american countries more control over their non-domestic currency markets could do some real good.
So, the SUR is more akin to the ECU (the pre-Euro currency union).
Peso “Republica de Filipina”, it is no so far from the English version Philippine Republic
Side note:
SUR = SOUTH in Spanish
SUL = SOUTH in Portuguese
I'm glad The Philippines are getting involved as well. Go Kababayan!
I'm from Brazil and I'm shocked by how many wrong pieces of information a video can have.
As a Brazilian, I wouldn't like to have a common currency with Argentina because despite we're neighbors countries, it's not the whole country of Brazil that shares border with it or any kind of cultural relations or even commercial. Beside all that, they just about 45 millions which could be compared to an amount of population of one State of Brasil (a bigger one, comparing it to São Paulo or Minas Gerais). I think is not relevant to have bilateral interests measure equally and even making us to call our currency with a Spanish name or even giving it up of our own.
Cada país vai manter sua moeda, isso só vai substituir o dólar no comércio internacional entre os 2 países.
GUYS. Why are you obsessed with the Philippine Peso??? That graph CLEARLY says that it's the ARP vs the PHP
Whoa! I was just thinking this morning "Europe has the EU, Africa has the AU, but Latin American doesn't have an LAU."
The Euro actually used to be a common currency, it was used in parallel to national currencys to steadily match up its value with (the now former) currencys.
so this is actually not too dissimiliar to the euro
The final goal is to implement a single currency in the whole Latin America. This is just the first actual step.
@@niltonaguilar cbdc with Argentinian inflation sobenty
One minor correction SUR means south in Spanish. SUL means south in Portuguese.
At minute 6 the graphic is showing the Argentine/Philippine peso exchange, not the ARS/Real exchange.
Good vid and explaination but the graphics were sloppy today with the proofreading
1:26 Two corrections: Brazil doesn't speak "brazillian", but portuguese; and "South" is "Sul", not "Sur".
Factual error:
The Euro was available, in electronic form, along the national currencies for years before the switch. This is not a difference. Once the actual bank notes were circulating there was a period that prices were indicated in both, and the old currecy could be converted to Euro for years (I think 10).
You are missing fiscal issue. Euro zone is based on some fiscal constraint the countries must adhear to. Otherwise the biggest economies in the block can use fiscal policies that affect the whole and cannot be countered by the smallers partners. This is indipendent of external shocks.
Example: what happen if one big country in the group decide to borrow a lot to boost the economy (like Liz)? If its economy is big enough it will affect all. That is why the Euro zone has fiscal rules on what is allowed and what isn't and conflict resolution mechanism.
There is another way to lock two countries exchange: peg your currency to the other or use directly the other currency. Small countries do both, usually with USD. The difference is that you can undo it unilaterally as you did when setting it up. But you do get negative effect on loans etc when splitting.
All Brazilians I know don't want to pay the bill for the failed economical policies of Argentina, nor do they want Argentinians to come and take their jobs. So, I guess this idea will not develop into a South American version of the Euro any time soon.
“Sur” is south in Spanish - in Portuguese would be “Sul”
As a Brazilian, I prefer that Brazil in its financial transactions with partner countries use the dollar, which is a transnational and stable currency, creating a new currency with a neighboring trading partner that has almost 100% inflation is not advantageous in my view.
Hi i would just like to correct you. The peso that you use is a Philippine peso not Argentine. But anyways please continue making this videos❤️
"Regardless of Europinion" well played sir, well played.
The principal problem with this new currency is that both countries are plague by inflation, here in Argentina is about 100% per year which is one of the worst in the world and we have already changed our currency multiple time in the last decades so if we do this we will drag Brasil down very bad. At least this is what I can say from the argentine side.
I'm Brazilian and totally agree with you. Hope you guys at Argentina get rid of Fernandez and Kirchner on the next election. We will be stuck with Lula for at least four more years, and hopefully just that.
1:27 sorry what
All of the Portuguese are angry as hell now
Edit: and the Spanish too apparently
Thanks y’all guys
What you said about China's interest rates makes no sense. "They are already low" - we are talking about raising rates here, not lowering. The EU also had low rates previously.
As a Latin America, this is like bringing together a depressed person and a gun. It will only end bad.
How can anyone decide to create a common currency with Argentina?
They go bankrupt as often as the rebooting of Spider-Man movies
1:38 the argentine 20 peso bill looks oddly similar to 20 philippine peso bill
Noticed you use the Philippines 20 Peso bill at 2:50. Might want to change change it for a more accurate information.
5:57 you're talking about peso and real, but the graph shows 'Argentine Peso to Philippine Peso' wtf?
Portugal is a colony of Brazil. Even the royal family lives in Brazil.
1:28 bro just created a brand new language on his own
2:00 so it’s kinda like monetary basket like was a group of student from Japan
They made AMU (Asian Monetary Unit; which composes Australian dollar, Chinese Yuan/ Renminbi, South Korean Won, Indian Rupee, New Zealander Dollar, Philippine peso, Malaysian Ringgit, Indonesian Rupiah, Cambodian Riel, Vietnamese Dong, Thai Baht, Burmese Kyat, Lao Kip, Bruneian Dollar, Singaporean Dollar and Hong Kong Dollar )
Not to mention the ASEAN FTA and ASEAN plus 6 and plus 3
Ahh... TLDR with it's always high editors and scriptwriters who didn't even bother to conduct proofread. I feel like I read a fanfic written by a teenager. Let's make a petition for Brazilian to be an official language
Imagine having a monetary union with the Argentinians.
Yeah xD
1:28 They speak Portuguese 🇵🇹 not Brazillian
6:02 last time I checked the Philippine peso wasn’t the Brazilian Real
You guys used the wrong Peso image for your graphic. You used an image of a 20 Philippine Peso Bill instead of the Argentine Peso.
The conversation was actually about a common currency that both countries could use for trade and investment but not to switch their currency for it like the Euro.
Big mistakes:
1. Brazilians speak Portuguese. It’ll be like saying Americans speaking American.
2. Sur is not south in Portuguese. It would take a quick trip to Google Translate to know that.
3. At 1:40 you showed the Philippine peso, not Argentine. If you want to look for specific items, type “Argentine peso” in Google to be sure, not just “peso”.
4. Not sure why you are comparing the Argentine peso to the Philippine peso at all.
Just a warning your ad for curiosity at the end of the episode said it was for less than $15 a month not $15 a year
15$/month is correct though. You can get it for 15$ for first year.
Wich is correct
$15 per year is less than $15 per month
@@mamertens99 Where I live it's 70$/year or 10$/month (120$/year).
Back in the late 1980s, in the lead-up to the formation of Mercosur, there was a proposal to make a common currency called the "gaucho".
If you are talking about the Peso Vs Real, why does your graph show the value of the Argentine Peso to the Philippine Peso?
BYE, 1:39
When I saw the Philippine Peso used as the Argentinian Peso I SCREAMED
One good thing with common currency is the stability of that proposed currency
Specially when there’s a well rich country
I love you guys, I watch you all the time and I think you do great work, so I don't mean to only criticize when I comment.
BUT:
-"seperate" instead of "separate". Twice!
- A chart comparing the Argentinian peso to the Phillipines peso, not the Brazilian real.
- The Spanish vs Portuguese confusions mentioned by other commenters.
Lmfao 😹😹😹
That's a Philippines ₱20 money
First of all, there is no such Lang as “Brazilian”. They speak Portuguese there. Also, “Sur” actually means South in SPANISH ...