Felt like I was watching one of those channels with funding and tons of subscribers. Halfway through I noticed you're only at 4.5K. So I subscribed. Good video. Probably one of the best I've seen on this topic. Hope you keep growing
Terrific breakdown of such a complicated and extensive topic! Really love your channel and hope you get more subscribers you really deserve it for the level of work you put into these videos.
Argentina's problem today is the same as yesterday and the day before. Argentina's government in charge never has established a fair tax for its citizens. The land owner's just ride out every crisis with using whatever currency is in place using it as company script while selling their products ( agricultural, mineral, and fossil fuel) for foreign currency. They hold that currency and pay their " tax " and wages with Argentine money. Boom or Bust they hold all the wealth of the Country and they don't personally get involved in politics but have the money/power to lead whomever is in charge to do their bidding. Because of Banking Regulations in Countries where their money is held some have been added to Billionaire lists that they try and ignore but Family's like Companc, Costantini, and Bulgheroni have Billions in foreign assets that are undisclosed by Wall Street Bankers who make millions investing(hiding) it every month. Sure they own property and businesses in Argentina but their money is abroad. When the US dollar was duel currency was their heyday but they've continued to amass unimaginable wealth.
Exactly. And what's worse, their large-scale *asset dollarizing and offshoring* is periodically financed by RW administrations by way of *foreign debt* - thus leaving society the bill. This happened mainly under the last dictatorship (1976-83); the Menem/de la Rúa era (1989-2001 - mostly after '93); and of course under Trump's pal Macri (2015-19) - for whom Trump ordered the IMF to lend a *record, $45 billion bailout* in hopes of salvaging Macri's 2019 re-election. And where did 80% of that go (and 85% of another $60 billion in added foreign debt in 2016-18)? You guessed it: for asset dollarizing and offshoring. No country can prosper under heists that massive - least of all one without a hard currency of its own.
Severe absence of price signals? Peronist policies seeking benefits for the working class? I can see a Hegelian swing toward a previously ignored group not sharing in the national wealth creation. Maybe.
Felt like I was watching one of those channels with funding and tons of subscribers. Halfway through I noticed you're only at 4.5K. So I subscribed. Good video. Probably one of the best I've seen on this topic. Hope you keep growing
Terrific breakdown of such a complicated and extensive topic! Really love your channel and hope you get more subscribers you really deserve it for the level of work you put into these videos.
Argentina's problem today is the same as yesterday and the day before. Argentina's government in charge never has established a fair tax for its citizens. The land owner's just ride out every crisis with using whatever currency is in place using it as company script while selling their products ( agricultural, mineral, and fossil fuel) for foreign currency. They hold that currency and pay their " tax " and wages with Argentine money. Boom or Bust they hold all the wealth of the Country and they don't personally get involved in politics but have the money/power to lead whomever is in charge to do their bidding. Because of Banking Regulations in Countries where their money is held some have been added to Billionaire lists that they try and ignore but Family's like Companc, Costantini, and Bulgheroni have Billions in foreign assets that are undisclosed by Wall Street Bankers who make millions investing(hiding) it every month. Sure they own property and businesses in Argentina but their money is abroad. When the US dollar was duel currency was their heyday but they've continued to amass unimaginable wealth.
Exactly.
And what's worse, their large-scale *asset dollarizing and offshoring* is periodically financed by RW administrations by way of *foreign debt* - thus leaving society the bill.
This happened mainly under the last dictatorship (1976-83); the Menem/de la Rúa era (1989-2001 - mostly after '93); and of course under Trump's pal Macri (2015-19) - for whom Trump ordered the IMF to lend a *record, $45 billion bailout* in hopes of salvaging Macri's 2019 re-election.
And where did 80% of that go (and 85% of another $60 billion in added foreign debt in 2016-18)? You guessed it: for asset dollarizing and offshoring.
No country can prosper under heists that massive - least of all one without a hard currency of its own.
Should a "black market" be left alone? Dispute resolution mechanisms"?
Does Chile and Argentina economic political environment share much in the way similarities?
Must be nice to get a big raise every week
Severe absence of price signals? Peronist policies seeking benefits for the working class? I can see a Hegelian swing toward a previously ignored group not sharing in the national wealth creation. Maybe.
"central planning" is ALWAYS 99% of the issue.
It's absence is routinely rejected.
BTC fixes this