@@linkskywalker5417 Colombia? hahaha, whata joke. So do Panama, Mexico, and many others. Venezuela had a boom in oil. Brazil and Argentina are massive in land and resources. Chile is well structured (better GDP per capita). To say something I remember.
Inflation is far more harmful to individuals than a collapsing stock or property market because it directly affects people's cost of living, which they immediately feel. It is not surprising that the current market sentiment is extremely pessimistic. In today's economy, assistance is critical if we are to survive.
But collapsing stock and property market will collapse the wealth of 0.1% of the society and they control media, movies, social media and they set the narrative and fund the political parties. Nobody bother about common people.
I'm argentinian and I can say that this is true! Before my dad retired from his job he earned a good salary but now he spends his money only in food because every day we have new prices, including food prices in supermarkets. I can see that my dad is really stressed and I feel as him too.😢
My wife is from Venezuela. She personally knows how hyperinflation can quickly destroy a country. I pray that Argentina doesn’t sink into ruin like Venezuela
Argentina has been in this same situation continually for 60 years!! All side of politics have no solution, and the Argentinean people continue to suffer because their leaders are so incompetent..
It is the dumb voters, they always vote for the politician who promises free money instead of the politician who promises fiscal discipline. How many countries you know where voters like fiscal discipline? Only high IQ smart people would favor fiscal discipline, dumb people prefer immediate reward, smart people prefer long term reward
Actually, the president who run out had wealth in abundance before running from president (Mauricio Macri). Not saying he didn’t stole, but the ones who really stole money are in charge now. Left one. (Alberto Fernandez A.k.A Cristina F.K)
@@diegoalfonso356 there is an ongoing inflation crisis around the world but I guess it’s way worse in latin America. Like here, a dozen tray if eggs went from $1.8 to around $2 to $2.2 within a few months and it’s already painful for those even below poverty line. What more if the price doubled. I mean eggs are like the cheapest and basic stuff you could feed your family, but it somewhat became a luxury due to inflation. So it’s hard to imagine.
Who helped to cause this crisis? Who supported the military junta that created this horrible debt in the first place? Argentina doesn't exist in a vacuum. The U.S. and IMF have turned it into a debtor nation and led to this current nightmare, just as in 2001.
@@SuperRobertoClemente the junta who against us advice started a war against britian which made the economy worse, because nationalism,Argentina has all the material to be a great economy but government official keep on making it worse
@@brendanzhang7488 The junta had already destroyed the economy long before that by borrowing endless "plata dulce" and racking up a massive debt. The Malvinas War was just an attempt to distract the Argentine public from the collapsing economy and the junta's impending loss of authority. Also prior to the war, they had disappeared some 30,000 people who got in their way. All of that only happened because of U.S. foreign policy in the Cold War and the installation of dictatorships throughout the Americas. Don't play naïf with me, I don't buy it.
bruhhh... tell me in these few decades, when did Argentina did not face economic crisis? year after year they are run to the ground, bled to dry. If you think Brazil is corrupted, you haven't seen how Argentina is. Im surprised there are still people who wants to live there.
This is what happens when soccer/football is all a country cares about and invest into. Not a coincidence that every time the world cup comes around argentias inflations rates magically sky rocket. Especially last fall considering they won the things
I am argentine. I left my country 12 years ago because I saw all this coming. I have lived in USA, Germany and now Spain Every country is different and has the pros and cons, but I have to say this : it is always the same story in Argentina. Nothing changes. You read newspaper today and they talk about the same they were talking about 50 years ago. It is a pity, Argentina was and could be one of the richest countries on earth. The problem is that many people still don’t understand how we got to This point. The answer is simple : all the ideas related with socialism never worked, doesn’t work now and it will Never work. Please, never vote Socialism.
@@abrqzx the more limited government you got the more freedom you become. Open economies are 10 times richer than the closed ones ( like the Argentine economy ) Open economies has better life standard, less poverty and people live over 20 years more than The undeveloped countries . Socialism sucks
Argentina should just use the U.S. Dollar or the Euro as their currency. Hyper inflation is caused by politicians trying to print their way out of problems.
@Orion - The world has no other choice. Which currency would you prefer to be the world's reserve? The Chinese Yuan? The Euro? The USD is the only choice. Neither will ever be. The Chinese government doesn't really want their currency to be the world's reserve because it would collapse their economy.
Once it becomes reserve status, its value will rise because every country wants to have them. When it rise, their exports of good will be expensive. China became the manufacturing nation that it is today due to their very low cost manufacturing where rich nations put their nation’s manufacturing hub to China to save on labor salary expenses
Socialism in Argentina has done so much damage. A lesson we can all learn from. I hope the people find a way out. Most likely defaulting on there debt. Again.
@@angelestorres6334 ehm reading comprehension fail. He never said defaulting was a way out. However, they will default due to the socialism brought by the peronists. A cancer of the mind, empoverishing the most vulnerable wherever it lands.
Dont blame socialism. Blame borrowing money with no plan to pay it back. Speaking of Borrowing money. Hows the US debt looking?! Oh thats right - you dont care about that because “capitalism” right.
Not American and not a trump supporter. Sorry facts are facts. I also dislike Facist supporters. Peronism Was built out of their food friend Benito Mussolini. A quick search will show this. You had a better president and voted him out. Also notice how the rich and poor people look very different. I worry trump populism can spur this as well. Thoughtful reply’s are usually the best way to go ;)
So not American. And ya that borrowing . yikes. You have a croney capitalism problem for sure. Interest rates are sure not helping small businesses. Should have raised taxes to combat inflation mixed with rate hikes back in 2021/2022 when the economy was good.
Genuinely curious if someone can answer me this - I went to Qatar for the World Cup last Dec. The place I was staying at (cruise ship) was teeming with Argentinian fans, the final match felt like 90% Arg and 10% French supporters. I asked a lot of them if they are living in other countries and just came to visit but the answer I kept getting was no they were Argentinians living in Argentina. How can so many of them afford such an expensive trip? How is that possible? We can’t be getting a full story with these TV snippets..😮
I'm from Argentina and what you say is totally true, there is no whole story, if you search info argentina is the second country more manage dollars in world after USA, that's because most of argentina people have their money not in the country, or they have all money dollars in cash on his house, for example there was a case here where an old woman die and their sons send a forniture to garbage and when later on garbage it broke it reveals thousands and thousands of cash dollars hide there, and no one knows about the woman have such money, so many of us by culture manage our money on dollars and outside of system to keep the government thief away, so I really don't surprise that so many of my people could go to Qatar and spend thousands dollars, also by our culture if we want something we do impossible to get it, many Argentinians who can't afford it get loans and even puts their houses or cars or wherever value they have to can travel and watch the world cup
Passion moving us more than money that we can spend, also some researchers said that Argentinians have around 600 billions of dollars outside the system, on offshores places or just saved outside banks, some calculated like 3 times what Argentina produce in one years is on hands of people who have it for saving and protect from politicians and from inflation... Of course this people on the reports is the most most poverty who can't afford access to dollars because live day by day. But the people who already save on dollars since years and years when it comes to travel or to something like world cup brings their capacity hiden to afford this kind of things that after all only happens every 4 years and fulfilled our hearts more than money dollars 😁
Passion mate. Not everyone is poor And a lot of people live in Europe or US and are Argentinians, I remember after the WC win a plaza in Atlanta was full of Argentinians celebrating
Good to point out that while the economic situation is particularly bad now, inflation has been bad for a long time. Since WWII Argentina had been the second country with the most recessions. They went from being one of the wealthiest nations in the world to being on a similar level (though still relatively higher) to other Latin America countries. This is to say, while things are bad, Argentina is nowhere near the level of Venezuela (the perception some people may get through this video).
Curropution plays a part without a doubt but it is not the main problem....the main problem is lack of economic freedom or in other words the big /interventionist state that that has been dominant in Argentina since de 1940s.....and it is proved to bring misery to the people.....the lower the economic freedom the higher the poverty, as simple as that.....but some people (left/peronists, radicales) still did not learn it and think that everyone success depends on the state and not on themselves ..sad but true.
So you must be 10 when I saw on TV how an elderly man tried to run against other hordes to get free groceries after the default of 2002? He was my dad's age. It was painful to watch.
@@alice_agogo I am in my 40s and this is the 3rd time the country is getting to the mess we are seeing......1989, 2001, and now again.....we have a society which thinks that we are entitled to a high living standard that must be guaranteed by the state and not by sheer individual effort and hard work, and politicians have capitalized on this handsomely, creating an enormous state benefiting all their family, friends and political militants with useless state jobs and exorbitant benefits, destroying the private sector and population as a whole with ridiculous legislation and taxes....(e.g.: Aerolineas Argentinas, a state funded airlines that has 3 times the number of employees per plane compared to a private airline and cost the country tax payers $700 million a year to run, yet some brainless people defend this absurdity!!)
There's no point. The corruption is too deep. The country is hamstrung by mafias that control many aspects of daily life. Nothing gets done on budget or on time. Money disappears all over the place. The police are corrupt so people can't even rely on them. There's a whole class of extremely poor, unemployed people who get paid a few pesos just to fill the streets, protest, and bring the capital to a grinding halt. They favor Cristina despite her corruption conviction. Anyone who tries to sort out her mess is blocked by them to avoid anyone doing better than her in running the country.
Well, they really hate the USA and Britain...had extreme-right leaders and populations which supported the Axis, their forum Taringa is a cesspool...but still, there are ordinary people suffering, so I hope things get better. :(
Many Chileans are travelling by car to Argentina to do grocery shopping. With $100 usa dollars they buy groceries for 5 months, $100 in Chile might buy you 2 weeks of groceries. 😢😢
100usd doesn’t get you nowhere near close to 5 months of groceries. I was in Argentina 2 months ago, a very basic weekly purchase in a supermarket was around 15k pesos, about 40 dollars at the time. So 100 dollars would get you as much as 2 weeks of groceries (and I’m being generous since I ate out a lot).
@@patpat8727 Mainly Mendoza, but it's the 3rd World's longest border, so there's quite a few Province capitals and small bordering towns where Chileans go shopping monthly from the Center to the Austral zone
There's a saying among analysts that there are 4 types of economic models in the world, the developed countries, the undeveloped (or developing) countries, Argentina and Japan. The failure and success of the last two defy common economic analysis.
@@skyhappy Japan has no inflation. It's currency is at times too strong compared to the dollar. If I remember correctly, their economy is not even growing most of the time, yet they are not in a recession. Difficult to comprehend, but some say might be the future for developed economies, as one can't grow infinitely. Argentina came up on top of THE worst inflation to its country but is speeding towards similar conditions. How is this possible? I'm assuming those are the reasons, making these countries stand out.
That's why I live in Japan and vacation the entire Argentine summer (Japan's winter) in Buenos Aires, as a dollar-earning US citizen I might add. Best life hack I've ever known or practiced, hands down 🤍
im from latin america, my girl is argentinian, and assistance is the reason why argentina has inflation in the first place, they spent all their time printing money for social programs and pensions. socialism did this
@@juliam1395 Endemic corruption from top to bottom of society. There's also a very lax working culture despite the economic problems. The number of public holidays is remarkable. The whole place shuts down for just about any excuse. If anyone tries to change anything, the streets erupt with paid protestors who block anything that might change the situation.
It’s weird to see countries like El Salvador looking a bit better than a country that was considered one of the power houses of Latin America in the previous decades. Let’s all hope they don’t head the same way Venezuela did. Still time to turn the country around. I wish all the best to the Argentinian people.
Salvador looking better than who? 😂 Countries that were already going down hill? The Salvador farse with an economy tied to a cryptocurrency is scarier than the Boogeyman.😅
@@mr.castle if you think Bitcoin is the driving force for El Salvador you would be surprised to know that it almost has nothing to do it . Bitcoin plays a small part in the geopolitical changes of the country, and in most conversations with people who have a full understanding of the current conditions, bitcoin is rarely mentioned. So I’m. Or even sure why you believe that Bitcoin somehow is even a topic on contention while leaving huge remarkable changes the country has done to be in a stable position while many countries in Latin America are struggling.
Yes, prices feel like optical ilussions you don't know what's the real value, and people still want socialism here... this is the result of keynesian economics (which Krugman admited got out of hand in the US) and an ever constant national deficit
There is not such thing as savings. What you earn you use it instantly If you want to have savings it's in USD, but the government doesn't let you buy more than 200USD a month, and you have spendings in USD with your credit card (like for a video game or something) you can't buy at all. That's why a lot of people buy dollars in the black market, that we call "La cueva"
@@Palmitas_ So say you're getting paid in USD, and you have access to cash bills. How much better than the official exchange rate can you do there? If that's even a good idea (bc then you're just buying pesos that are worth less every day, just about), but arbitrage is arbitrage, right? Just have to have a plan for what to do with the pesos, right?
The situation is so bad that the top names do not even want to run for President in the country! That is crazy! Argentinians would normally tell us other Latin Americans: "Yes, but how many World Cups do you have?"
@@ronnelacido1711 And we'll return "how many homicides per capita do you have" or "what is your hdi?" That we're financially bad doesn't mean that the rest have the right to make fun of when they're in much worse situations, it's simply hypocritical
@@Wahrheit_ hahaha another typical butt-hurt argentine because now everyone knows about your atrocious economy. The report said you are 2nd, only to Venezuela 😂😂😂
Its really sad to see people suffer from such high inflation. To the point where almost no one wants to take the leadership role. In an autocracy for example you'll have the leader that would downright refuse to give up power no matter what.
@@puertousbmonkey every time socialist destroy Argentina, they vote other parties. And then they bring back the Kirschners again in 4 years. I don't understand how Argentinians cannot realize that Kirschner is the same as poverty and despair, they showed it during decades!
They need to do austerity, stop printing money, and implement economic reforms, all of which will make it worse before it gets better. This is the dead end of Peronism: a entire market insulated from competition and innovation. I feel for Argentina, it's a great country trapped in a terrible (self-caused) crisis. They have got to go through shock therapy.
If the announced inflation is 104% I can only imagine how bad the real inflation is. My country Turkey has an announced inflation of 80% and the real inflation is more like 180%.
They asked people in the street if they would like to fix inflation or to win the world cup, they chose the world cup, that's all you need to know why this happened
Its crazy. Ive been Living here for 5 years and the pesos is always on a downwards spiral. Jan 2018 1 dollar cost about 15 pesos. Right now were at about 460. So when you change 100 dollars i used to get 1500 pesos, now i get 46.000
Funny how just a few years ago the president of argentina called the people from other Latin American countries "jungle people" and implied that argentinians were "better" because they came in ships from europe and not from the jungles like the mexicans and the brazilians.
@@angelestorres6334 Argentina was the richest country in the world in 1895, and one of the richest in the world until the 1960s.......and it will bounce back again before too long because despite all the bad policy making and corruption of recent decades, the human capital in the country remains one of the best in the region.....no many LA countries have Tech giants like Mercado Libre......do they?
IMF loves loaning money to countries with white looking people. but if this exact same situation happened in a dark skinned country, there’s no effing way theyd still be getting loans. Mmm-hmmm.
They don't want China to enter the picture. Imagine if China give them loans which could not be repaid later (as expected of Argentina), China may take over a vital port or a facility of strategic value (like what happened to Sri Lanka), and establish a permanent foothold in the Western Hemisphere? The US-IMF will not tolerate that.
@@containedhurricane they are one of the top exporter of Agricultural product in the US.. it’s already a billion dollar money. And aside from that, since the country has stable agricultural supply ,citizens can afford the goods .
One of my friends was saying he would live in a country that was economically struggling and win the World Cup- no thanks! I would rather our country never play football then be is a economy situation like Argentina
Yeah it’s that simple. Such a pity you are not argentina president, you would fix the structural problems that have plagued the country for decades in minutes.
The Argentine monetary policy was madness. They actually believed that one US dollar is equal to one Argentine peso in their policy called uno por uno. Now, the Argentine currency is completely worthless and people are buying US dollars on the black market. It's shady and illegal, but that's Argentina.
A free crypto - metals exchange would clear their inflation problem right up. Bitcoin and gold are best but other crypto and silver would avoid any scaling problems and monopoly.
@@ronnelacido1711 I live in Buenos Aires and things function fairly well still - as good as Colombia, where I also stayed for a couple of years. I do wonder if the wheels will come off though and it will take a turn for social upheaval a la Venezuela
@@marktoveyOET argentines don't do social upheaval, they don't even protest in public (not in large numbers at least, that's reserved for soccer titles)
Argentina should give up having its worthless currency called peso and adopt US dollar, Euro, and Brazilian reals as national currencies of legal tender.
@@yoomsuu Allowing inflation to reach 104% is economic mismanagement and ineptitude on a mega scale, and is a place that neither Spain or the US have ever reached.
@@sayda107 Nope, they have gone through this recently, or pretty much every year for the past century. 😆 *What is Argentina's inflation history?* _Inflation Rate in Argentina averaged 190.32 percent from 1944 until 2023, reaching an all time high of 20262.80 percent in March of 1990 and a record low of -7.00 percent in February of 1954._
Is it me or Argentina has been in crisis since I have memory? Literally I remember them being like that since I was 3 years old. Jesus they'll never learn to elect different politicians
People expect the government to fix things. But "the people" are the government. You can only pass the buck for so long before reality hits you in the face. Argentina may create a new system that works sometime in the future but its people have a lot more suffering before there's any hope of them realizing this is their mess to fix.
The biggest issue is that the country is wasting 30% of their annual budget (whole country budget). The gov is wasting 30% in social plans. 20 millions people don't work and just live off those social plans (half the country). The gov is wasting more money than they actually produce or earn as a country. Thus they need to print infinite amounts of money. They earn lets say 100, but they waste 200. This generates inflation. And New York IMF is not helping, because they keep giving the Argentina Gov more and more dollars. Those dollars go directly to social plans which buy votes. That's why you have had "peronist" govs for 100 years in Argentina. I wonder if IMF and USA are seeing this situation as convenient to export inflation and and export dollars to other places. In fact I think they really like the idea that Argentina adopts the Dollar for that very same reason, right now they need to get rid of trillions of dollars in the US to reduce BOGMBASE, and exporting them to other countries is a good idea for them. That's why Javier Milei is seen as a good option in Washington. That's basically the whole macro economic situation that media is not actually talking about. Remember this comment in 12 months.
They all just sit on their butt, while living miserably and complaining about corruption etc. but nobody gets off their butt and changes something! Most pathetic society!
Argentina has been like this for decades, this isn't the first time 💩hits the fan in Argentina. It also has nothing to do with left vs right wing politics, they just have 💩tty people managing their finances. 😬
ECONOMIC LESSON CURRENCY VALUATION: (simple version) When there is too much of your own money in circulation, it becomes diluted and worth less than it was when there were fewer denominations in circulation. There are many different subjects that are no longer taught in schools all over the world. One of these subjects is economics. Another subject is political history. You have to be careful of voting for individuals who do understand these subjects and who understand what happens when you violate the rules of economics on purpose. Latin American countries are mostly described as "banana republics." Hyperinflation is a symptom of the banana Republic. Something very dangerous is going to have to happen in order to escape this economic disaster. I suggest cutting ties with foreign powers like the US. Venezuela is suffering because of its economic ties. All of that oil is being siphoned off into tankers now. It's very sad. Good luck, Argentina!
You know a country is in bad shape when none wants to run for president in it. So sorry for our argentinian brothers, hang in there. God bless.
That's because the country has nothing left to take otherwise greedy politicians would still run for office in order to enrich themselves.
I'll run! As an American, I'll run for president of Argentina 🇦🇷! 😶
Javier milei presidente 2023 🇦🇷🇦🇷💥
Lionel Messi for president
they are like rats
Argentina is an example of a country that could have been a regional powerhouse, but somehow did the exact opposite of just about everything possible.
Nah. Colombia would be more likely to be a regional powerhouse. It's the only South American country that has coasts on both the Atlantic and Pacific.
No Latin country can be a powerhouse. They're too happy go lucky.
Based on what?
@@linkskywalker5417 Colombia? hahaha, whata joke. So do Panama, Mexico, and many others. Venezuela had a boom in oil. Brazil and Argentina are massive in land and resources. Chile is well structured (better GDP per capita). To say something I remember.
socialism 🤷 But fortunately now polls are 80 % against socialism
As an Argentinian, the phrase 'unaffordable for its whole population' really hurts.
Start producing your own products. If Mexico can do it, why can't you???
As an American.....I'm fed up with hearing about Argentinian "crisis". The World is tired of the Argentinian issue.
@@AlejandroSuarez-rg5cv Mexico is next door to the world's biggest market.
@@AlejandroSuarez-rg5cv sure if it were that easy why don't you volunteer to go to Argentina and run for government?
@@AlejandroSuarez-rg5cv mexico has the benefit of being neighbors with the usa + a member of nafta
Inflation is far more harmful to individuals than a collapsing stock or property market because it directly affects people's cost of living, which they immediately feel. It is not surprising that the current market sentiment is extremely pessimistic. In today's economy, assistance is critical if we are to survive.
But collapsing stock and property market will collapse the wealth of 0.1% of the society and they control media, movies, social media and they set the narrative and fund the political parties. Nobody bother about common people.
These bots are wild
Good they will get a conservative President and he will fix the mess the liberal president got them in.
@@gaelr.s7123 Fr, at first I thought it was a real person, they getting better
The American Republic will endure until the day Congress discovers that it can bribe the public with the public's money.
Alexis de Tocqueville
I'm argentinian and I can say that this is true! Before my dad retired from his job he earned a good salary but now he spends his money only in food because every day we have new prices, including food prices in supermarkets. I can see that my dad is really stressed and I feel as him too.😢
Don't worry Argentina, you have tax-evading Messi to save you😂😂😂😂
My wife is from Venezuela. She personally knows how hyperinflation can quickly destroy a country. I pray that Argentina doesn’t sink into ruin like Venezuela
These levels of inflation is caused by the government. Essentially they are destroying themselves.
I think it has already...
Maduro dont get help from IMF and oil production is way down, without IMF bailout Argentine would of have been same dilemma.
They keep voting for corrupt people.. and let me tell you.. a big porcentaje of Argentinians.. love and defend Cuba and Venezuela…
Ask Zimbabweans how to survive
Argentina has been in this same situation continually for 60 years!!
All side of politics have no solution, and the Argentinean people continue to suffer because their leaders are so incompetent..
It is the dumb voters, they always vote for the politician who promises free money instead of the politician who promises fiscal discipline. How many countries you know where voters like fiscal discipline? Only high IQ smart people would favor fiscal discipline, dumb people prefer immediate reward, smart people prefer long term reward
45 million people, ALL incompetent
The population is also incompetent
Socialism did it 😊 and 60 years? More than a century
“Toute nation a le gouvernement qu’elle merite.” ("Every nation has the government it deserves.") 1811. De Maistre, Joseph
They don't want to re run because they stole so much money they're gonna run away before getting caught
That and they're all completely incompetent
Actually, the president who run out had wealth in abundance before running from president (Mauricio Macri). Not saying he didn’t stole, but the ones who really stole money are in charge now. Left one. (Alberto Fernandez A.k.A Cristina F.K)
or its dried out there is nothing else to steal.
4-9% where I am is already painful. 104% is out of this world.
So does this mean if a drink is 1 dollar with 100% inflation it is now 2? Serious question
@@luna-rt4vx after a year yes.
The inflation rate of Venezuela in 2018 was 65,000%. Ironically the socialist and "anti USA Imperialism" government solved it by adopting the dollar.
104% in general. but clothes for example had about 177%. it hurts living here smh
@@diegoalfonso356 there is an ongoing inflation crisis around the world but I guess it’s way worse in latin America. Like here, a dozen tray if eggs went from $1.8 to around $2 to $2.2 within a few months and it’s already painful for those even below poverty line. What more if the price doubled. I mean eggs are like the cheapest and basic stuff you could feed your family, but it somewhat became a luxury due to inflation. So it’s hard to imagine.
I remember hearing that Argentina is in crisis since I was a kid. Now I'm am 31.
They go through stuff like this every decade. That's why it's third world
Who helped to cause this crisis? Who supported the military junta that created this horrible debt in the first place? Argentina doesn't exist in a vacuum. The U.S. and IMF have turned it into a debtor nation and led to this current nightmare, just as in 2001.
It's like Spain, like Otto Von Bismarck said, they are the strongest nation, they haven't manage to destroy themselves no matter how hard they try.
@@SuperRobertoClemente the junta who against us advice started a war against britian which made the economy worse, because nationalism,Argentina has all the material to be a great economy but government official keep on making it worse
@@brendanzhang7488 The junta had already destroyed the economy long before that by borrowing endless "plata dulce" and racking up a massive debt. The Malvinas War was just an attempt to distract the Argentine public from the collapsing economy and the junta's impending loss of authority. Also prior to the war, they had disappeared some 30,000 people who got in their way. All of that only happened because of U.S. foreign policy in the Cold War and the installation of dictatorships throughout the Americas. Don't play naïf with me, I don't buy it.
they should pawn their World Cup
and Lionel Messi
You wish! ❤️🔥🇦🇷
@@nnzzrrnn vamos Argentina 🇦🇷
YOU ARE ALL JEALOUS… of our 3-digit inflation ⭐ / hyper-devalued currency ⭐ / massive external debt ⭐
@@martharodriguez5958 *aguante, querida
You know the people are serious when they pull out the torches 🔥
Actually that footage is from an unrelated protest. Those people were dissatisfied with Frankenstein
In Argentina it’s every day … 😢
Naaa it's just to solve the absent electricity issue
@@angelestorres6334 😂
They are clowns, they protest for more spending, which means more money printed, which leads to.... tcharam, inflation!
bruhhh... tell me in these few decades, when did Argentina did not face economic crisis? year after year they are run to the ground, bled to dry. If you think Brazil is corrupted, you haven't seen how Argentina is. Im surprised there are still people who wants to live there.
Come on bragh
This is what happens when soccer/football is all a country cares about and invest into. Not a coincidence that every time the world cup comes around argentias inflations rates magically sky rocket. Especially last fall considering they won the things
true, same for brasil
I am argentine. I left my country 12 years ago because I saw all this coming. I have lived in USA, Germany and now Spain
Every country is different and has the pros and cons, but I have to say this : it is always the same story in Argentina. Nothing changes. You read newspaper today and they talk about the same they were talking about 50 years ago. It is a pity, Argentina was and could be one of the richest countries on earth.
The problem is that many people still don’t understand how we got to
This point. The answer is simple : all the ideas related with socialism never worked, doesn’t work now and it will
Never work.
Please, never vote Socialism.
What’s the best tho? Capitalism?
@@abrqzx the more limited government you got the more freedom you become.
Open economies are 10 times richer than the closed ones ( like the Argentine economy )
Open economies has better life standard, less poverty and people live over 20 years more than The undeveloped countries . Socialism sucks
Don't worry Argentina, you have tax-evading Messi to save you😂😂😂😂
corruption in government ruins potential for economical gain
Good luck taking the greed out of humans
So does all the socialism.
This has nothing to do with socialism.
@steven henry
Too bad there are multiple articles on how socialism has ruined Latin America.
Don't bother looking it up.
And they still vote for them…
Argentina should just use the U.S. Dollar or the Euro as their currency. Hyper inflation is caused by politicians trying to print their way out of problems.
@Orion - There's a reason why the USD is the reserve currency of the world.
@Orion - The world has no other choice. Which currency would you prefer to be the world's reserve? The Chinese Yuan? The Euro? The USD is the only choice. Neither will ever be. The Chinese government doesn't really want their currency to be the world's reserve because it would collapse their economy.
US dollar is a ticking time bomb. Created by a money printer with nothing backing it.
@@kchiker how reserve currency status will collapse their economy?
Once it becomes reserve status, its value will rise because every country wants to have them. When it rise, their exports of good will be expensive. China became the manufacturing nation that it is today due to their very low cost manufacturing where rich nations put their nation’s manufacturing hub to China to save on labor salary expenses
Socialism in Argentina has done so much damage. A lesson we can all learn from. I hope the people find a way out. Most likely defaulting on there debt. Again.
Trump supporter by any chance ? How is defaulting on debt, a way out ?
@@angelestorres6334 ehm reading comprehension fail. He never said defaulting was a way out. However, they will default due to the socialism brought by the peronists. A cancer of the mind, empoverishing the most vulnerable wherever it lands.
Dont blame socialism.
Blame borrowing money with no plan to pay it back. Speaking of Borrowing money. Hows the US debt looking?! Oh thats right - you dont care about that because “capitalism” right.
Not American and not a trump supporter. Sorry facts are facts. I also dislike Facist supporters. Peronism Was built out of their food friend Benito Mussolini. A quick search will show this. You had a better president and voted him out. Also notice how the rich and poor people look very different. I worry trump populism can spur this as well. Thoughtful reply’s are usually the best way to go ;)
So not American. And ya that borrowing . yikes. You have a croney capitalism problem for sure. Interest rates are sure not helping small businesses. Should have raised taxes to combat inflation mixed with rate hikes back in 2021/2022 when the economy was good.
Genuinely curious if someone can answer me this - I went to Qatar for the World Cup last Dec. The place I was staying at (cruise ship) was teeming with Argentinian fans, the final match felt like 90% Arg and 10% French supporters. I asked a lot of them if they are living in other countries and just came to visit but the answer I kept getting was no they were Argentinians living in Argentina. How can so many of them afford such an expensive trip? How is that possible? We can’t be getting a full story with these TV snippets..😮
The truth must be investigated!
I'm from Argentina and what you say is totally true, there is no whole story, if you search info argentina is the second country more manage dollars in world after USA, that's because most of argentina people have their money not in the country, or they have all money dollars in cash on his house, for example there was a case here where an old woman die and their sons send a forniture to garbage and when later on garbage it broke it reveals thousands and thousands of cash dollars hide there, and no one knows about the woman have such money, so many of us by culture manage our money on dollars and outside of system to keep the government thief away, so I really don't surprise that so many of my people could go to Qatar and spend thousands dollars, also by our culture if we want something we do impossible to get it, many Argentinians who can't afford it get loans and even puts their houses or cars or wherever value they have to can travel and watch the world cup
Passion moving us more than money that we can spend, also some researchers said that Argentinians have around 600 billions of dollars outside the system, on offshores places or just saved outside banks, some calculated like 3 times what Argentina produce in one years is on hands of people who have it for saving and protect from politicians and from inflation... Of course this people on the reports is the most most poverty who can't afford access to dollars because live day by day. But the people who already save on dollars since years and years when it comes to travel or to something like world cup brings their capacity hiden to afford this kind of things that after all only happens every 4 years and fulfilled our hearts more than money dollars 😁
Passion mate. Not everyone is poor
And a lot of people live in Europe or US and are Argentinians, I remember after the WC win a plaza in Atlanta was full of Argentinians celebrating
A lot of people sold their cars or even houses to see the final, emotion over reason is the law for better or for worse
Remember... Normal life in Peronia (Argentina) is a life a poor citizen in a normal country has. So... Make your conclusions...
May god bless Argentina 🇦🇷
We stand with Argentina.
Soon Argentina will see good days.
Love from Bangladesh🇧🇩❤🇦🇷
Thank you to our Bangladesh friends from Argentina!!
Shoulder to shoulder?
La casta tiene miedo. MILEI 1RA VUELTA 🦁💪🏻🇦🇷 #CristinaPresa 🤡🤡 Frente de Chorros.
Soon u Bangladesh will stand with Argentina, u people are also on verge of collapse 🤣
@@dynamitebsb4520 In your dreams 🤣🤏
Good to point out that while the economic situation is particularly bad now, inflation has been bad for a long time. Since WWII Argentina had been the second country with the most recessions. They went from being one of the wealthiest nations in the world to being on a similar level (though still relatively higher) to other Latin America countries.
This is to say, while things are bad, Argentina is nowhere near the level of Venezuela (the perception some people may get through this video).
Not as bad as Venezuela, but thats the direction...
Meanwhile...
"But how many cups do you have?" 😂
That’s crazy… so deleting all of the negros didn’t clear up the job market? I thought business would be booming after deleting the indigenous.
Argentina has never been the powerhouse that some say; early 20th century wealth was concentrated on just a few families.
@@PennyWise-eu9nzYou will see the trickle effect very shortly. Good luck
@@martinpintus Like in every single european nation
People need to understand that there's more to Argentina than Messi, Football and World Cup. Truly a horrifying sight.
As an Argentinian all I can say is that I am ashamed of our corrupt politicians. Never in my 30 years have I experienced such hopeless scenario.
Curropution plays a part without a doubt but it is not the main problem....the main problem is lack of economic freedom or in other words the big /interventionist state that that has been dominant in Argentina since de 1940s.....and it is proved to bring misery to the people.....the lower the economic freedom the higher the poverty, as simple as that.....but some people (left/peronists, radicales) still did not learn it and think that everyone success depends on the state and not on themselves ..sad but true.
So you must be 10 when I saw on TV how an elderly man tried to run against other hordes to get free groceries after the default of 2002? He was my dad's age. It was painful to watch.
“Toute nation a le gouvernement qu’elle merite.” ("Every nation has the government it deserves.") 1811. De Maistre, Joseph
@@alice_agogo I am in my 40s and this is the 3rd time the country is getting to the mess we are seeing......1989, 2001, and now again.....we have a society which thinks that we are entitled to a high living standard that must be guaranteed by the state and not by sheer individual effort and hard work, and politicians have capitalized on this handsomely, creating an enormous state benefiting all their family, friends and political militants with useless state jobs and exorbitant benefits, destroying the private sector and population as a whole with ridiculous legislation and taxes....(e.g.: Aerolineas Argentinas, a state funded airlines that has 3 times the number of employees per plane compared to a private airline and cost the country tax payers $700 million a year to run, yet some brainless people defend this absurdity!!)
@@peterp7541 I know. Peronism has ruined Argentina.
That's crazy how all former presidents and the current one are all not running to stand for election of the presidency of Argentina
There's no point. The corruption is too deep. The country is hamstrung by mafias that control many aspects of daily life. Nothing gets done on budget or on time. Money disappears all over the place. The police are corrupt so people can't even rely on them. There's a whole class of extremely poor, unemployed people who get paid a few pesos just to fill the streets, protest, and bring the capital to a grinding halt. They favor Cristina despite her corruption conviction. Anyone who tries to sort out her mess is blocked by them to avoid anyone doing better than her in running the country.
means the situation cannot be fixed, or at least not without making a lot of the wealthy people unhappy, and they do not want to be the fall guy
It’s a very hopeless situation 😢
@@David-ej1ps right I wouldn't want the job either
@@Andy224 yeah it is I actually have a friend who immigrated through a tourist visa in 2002 to escape the 2001 default we're all this misery started
Don’t Cry for Me Argentina...
EU: 🎶 the truth is I was never with you!” 🎶
@@PennyWise-eu9nz So true it's sad 😂
It doesn't matter, they won the FIFA WC and they're happy with that
Well, they really hate the USA and Britain...had extreme-right leaders and populations which supported the Axis, their forum Taringa is a cesspool...but still, there are ordinary people suffering, so I hope things get better. :(
Many Chileans are travelling by car to Argentina to do grocery shopping.
With $100 usa dollars they buy groceries for 5 months, $100 in Chile might buy you 2 weeks of groceries.
😢😢
I envy them
true it's crazy, Chileans are taking full advantage of this and saving so much money, they may even cause a food shortage💀
Interesting. How far do they go? as far as Mendoza? There are not too many cities near the border.
100usd doesn’t get you nowhere near close to 5 months of groceries. I was in Argentina 2 months ago, a very basic weekly purchase in a supermarket was around 15k pesos, about 40 dollars at the time. So 100 dollars would get you as much as 2 weeks of groceries (and I’m being generous since I ate out a lot).
@@patpat8727 Mainly Mendoza, but it's the 3rd World's longest border, so there's quite a few Province capitals and small bordering towns where Chileans go shopping monthly from the Center to the Austral zone
There's a saying among analysts that there are 4 types of economic models in the world, the developed countries, the undeveloped (or developing) countries, Argentina and Japan. The failure and success of the last two defy common economic analysis.
How so
Outdated
@@skyhappy Japan has no inflation. It's currency is at times too strong compared to the dollar. If I remember correctly, their economy is not even growing most of the time, yet they are not in a recession. Difficult to comprehend, but some say might be the future for developed economies, as one can't grow infinitely.
Argentina came up on top of THE worst inflation to its country but is speeding towards similar conditions. How is this possible? I'm assuming those are the reasons, making these countries stand out.
That's why I live in Japan and vacation the entire Argentine summer (Japan's winter) in Buenos Aires, as a dollar-earning US citizen I might add. Best life hack I've ever known or practiced, hands down 🤍
How about live in US and vacation in Bali?
We know why Jerome Powell is so serious on Inflation with his 2% target.
at least they won the World Cup
Yes, when they go to the supermarket they can pay with a World Cup.😂
That has nothing to do with Argentina’s rising inflation, that is one of the dumbest thing I’m hearing when this topic comes up.
🤣
Messi will bail them out. He's got hundreds of millions of dollars
@@containedhurricane But not the guy who writes Messi’s check? Lol
This is not news.
News should be “Argentina is not facing ridiculous inflation this year”
im from latin america, my girl is argentinian, and assistance is the reason why argentina has inflation in the first place, they spent all their time printing money for social programs and pensions. socialism did this
Seems like Argentina is always in financial crisis.
Yes 😢
But why?
If you look at their history in the past 100+ years, they pretty much are
@@juliam1395 Endemic corruption from top to bottom of society. There's also a very lax working culture despite the economic problems. The number of public holidays is remarkable. The whole place shuts down for just about any excuse. If anyone tries to change anything, the streets erupt with paid protestors who block anything that might change the situation.
@@juliam1395 they’re socialists that don’t learn. It happens every 10-15 years or so with them
There’s gonna be a lot more of this in the next couple of years
One world govt system aka mark of beast
@@daebak7370 wut?
@@daebak7370 hopefully
We will collapse in a few months, it's imminent
It’s weird to see countries like El Salvador looking a bit better than a country that was considered one of the power houses of Latin America in the previous decades.
Let’s all hope they don’t head the same way Venezuela did. Still time to turn the country around. I wish all the best to the Argentinian people.
It's called progressivism and you can find it voting the left into power. It's not rocket science 😅
Salvador looking better than who? 😂 Countries that were already going down hill? The Salvador farse with an economy tied to a cryptocurrency is scarier than the Boogeyman.😅
@@mr.castle only cryptobros think Salvadors economy is anything but a house of cards
@@mr.castle if you think Bitcoin is the driving force for El Salvador you would be surprised to know that it almost has nothing to do it . Bitcoin plays a small part in the geopolitical changes of the country, and in most conversations with people who have a full understanding of the current conditions, bitcoin is rarely mentioned. So I’m. Or even sure why you believe that Bitcoin somehow is even a topic on contention while leaving huge remarkable changes the country has done to be in a stable position while many countries in Latin America are struggling.
El Salvador has a good president and he got rid of political thieves. That's why El Salvador is doing well.
Doesn’t matter all they care is that they won the World Cup.
Exactly. I don't feel bad for them 🤷♂️
That means you just lost 50% of your savings. It is like getting robbed of half your money.😢
Yes, prices feel like optical ilussions you don't know what's the real value, and people still want socialism here... this is the result of keynesian economics (which Krugman admited got out of hand in the US) and an ever constant national deficit
There is not such thing as savings. What you earn you use it instantly
If you want to have savings it's in USD, but the government doesn't let you buy more than 200USD a month, and you have spendings in USD with your credit card (like for a video game or something) you can't buy at all. That's why a lot of people buy dollars in the black market, that we call "La cueva"
@@Palmitas_ So say you're getting paid in USD, and you have access to cash bills. How much better than the official exchange rate can you do there? If that's even a good idea (bc then you're just buying pesos that are worth less every day, just about), but arbitrage is arbitrage, right? Just have to have a plan for what to do with the pesos, right?
@@patpat8727 no, at least your employer is from abroad we are payed in pesos
@@Palmitas_ Yes I understand I was asking how much of a premium will USD get on the open market vs. the official rate?
The situation is so bad that the top names do not even want to run for President in the country! That is crazy! Argentinians would normally tell us other Latin Americans: "Yes, but how many World Cups do you have?"
Now you can pay them back with the meme: "How many debt defaults you have?"
That’s not true. 😢
@@ronnelacido1711 And we'll return "how many homicides per capita do you have" or "what is your hdi?" That we're financially bad doesn't mean that the rest have the right to make fun of when they're in much worse situations, it's simply hypocritical
@@ronnelacido1711 Or, "how's your triple-digit inflation going?" 😂
@@Wahrheit_ hahaha another typical butt-hurt argentine because now everyone knows about your atrocious economy. The report said you are 2nd, only to Venezuela 😂😂😂
Uma pena, torcendo pelos irmãos argentinos aqui do Brasil
gracias 💪 Bolsonaro Milei
❤
Estamos indo pelo mesmo caminho com o Nine, só questão de tempo
Fizeram o L , lá na Argentina. sifu
Africazil
But they haven’t tried socialism the right way… We should listen to college professors more, they know how to do it.
If I was argentinian I would seriously consired going off grid and making everything I can with my hands food, shelter etc
Ah no, just emigrate, staying is stupid unless you're already rich then it'll benefit you
@@Wahrheit_ like the Haitians do
@@angelestorres6334 haitians what
@@Wahrheit_ they abandon their country… to go…wherever
@@angelestorres6334 yeah everyone does that, specially europeans to argentinas 30 years ago
Argentina paying the price for doing business with Russia and China......hope they've learned their lesson and never to repeat it again!!!
Not the china again
Just another Tuesday in Argentina then?
Its really sad to see people suffer from such high inflation. To the point where almost no one wants to take the leadership role.
In an autocracy for example you'll have the leader that would downright refuse to give up power no matter what.
socialism 🤷 But fortunately now polls are 80 % against socialism. Javier Milei will be next president ✌️
@@puertousbmonkey Do you need a dictionary?
Venezuela is proof that autocracy doesn't solve economic problems by itself.
@@puertousbmonkey every time socialist destroy Argentina, they vote other parties. And then they bring back the Kirschners again in 4 years. I don't understand how Argentinians cannot realize that Kirschner is the same as poverty and despair, they showed it during decades!
@@puertousbmonkeyBot that has spammed this message a dozen times
They need to do austerity, stop printing money, and implement economic reforms, all of which will make it worse before it gets better. This is the dead end of Peronism: a entire market insulated from competition and innovation. I feel for Argentina, it's a great country trapped in a terrible (self-caused) crisis. They have got to go through shock therapy.
If the announced inflation is 104% I can only imagine how bad the real inflation is. My country Turkey has an announced inflation of 80% and the real inflation is more like 180%.
They asked people in the street if they would like to fix inflation or to win the world cup, they chose the world cup, that's all you need to know why this happened
Encontre al par de ardidos😅. Se les nota 😂
You can tell by the amount of people on the streets, hard-working population they're not
Printing more money less productive people or less production of goods and services leads to inflation
Its crazy. Ive been Living here for 5 years and the pesos is always on a downwards spiral. Jan 2018 1 dollar cost about 15 pesos. Right now were at about 460. So when you change 100 dollars i used to get 1500 pesos, now i get 46.000
Funny how just a few years ago the president of argentina called the people from other Latin American countries "jungle people" and implied that argentinians were "better" because they came in ships from europe and not from the jungles like the mexicans and the brazilians.
Such a beautiful and rich country ruined by corruption! This is unbelievable
Rich? I mean idk
Rich in world cups you mean ? They only have seeds and grains, WHAT THE HE🏒🏒 ARE YOU TALKING ABOUT ???
* Ruined by the left
Ruined by socialism.
@@angelestorres6334 Argentina was the richest country in the world in 1895, and one of the richest in the world until the 1960s.......and it will bounce back again before too long because despite all the bad policy making and corruption of recent decades, the human capital in the country remains one of the best in the region.....no many LA countries have Tech giants like Mercado Libre......do they?
Messi is going to be rich enough to buy the entire country at this point.
Inflation over 100% and the IMF still loaning money - based on what?
IMF loves loaning money to countries with white looking people. but if this exact same situation happened in a dark skinned country, there’s no effing way theyd still be getting loans. Mmm-hmmm.
They don't want China to enter the picture. Imagine if China give them loans which could not be repaid later (as expected of Argentina), China may take over a vital port or a facility of strategic value (like what happened to Sri Lanka), and establish a permanent foothold in the Western Hemisphere? The US-IMF will not tolerate that.
Exactly
@@ronnelacido1711 China will take over Argentina resources and ports part of loan repayment. It is what China to poorer countries around the world.
Not on merit, obviously. Survival ?
Who cares ? They need to call Russia don't look to the US.
I bet they didn't focus on science and technology. Should've learned from Japan
And agriculture. Agriculture sector of japan are insane.
@@courageousteen1734 I thought Japan didn't get much money from its agriculture product exports?
@@containedhurricane they are one of the top exporter of Agricultural product in the US.. it’s already a billion dollar money. And aside from that, since the country has stable agricultural supply ,citizens can afford the goods .
@@containedhurricane argentina should’ve learned from many asian country. Asia in majority experienced economic collapsed twice .
Cocaroches always scatter when things get difficult.
WC wining joy evaporated very fast. But why Argentina is always so poorly managed country?
they're not hardworking, they only want to party all week
Mirá qué lejos llegaste Alverso. El mundo entero habla de vos 🤗
Gla gla gla
But I thought Argentina just won the 🌎🏆
One of my friends was saying he would live in a country that was economically struggling and win the World Cup- no thanks! I would rather our country never play football then be is a economy situation like Argentina
@@shanes3496 you need to choose your friends better
@@shanes3496 but Argentina has of good looking people?
The cup of life! Ole ole ole!
God bless God Messi! Hungry but champions! Hola, Ole, le ballon, gla gla gla, Maradona, si, no.
Who would have thought that printing money to finance your social programs would cause hyperinflation???
Yeah it’s that simple. Such a pity you are not argentina president, you would fix the structural problems that have plagued the country for decades in minutes.
Half of Messi's net worth can feed a chunk of the population... 🤔
For a day, maybe
@@alice_agogo When miserable. Every penny counts.
How to run an economy: Chile
How not to run an economy: Argentina
@ScarletMangos Yeah there's no country restrictions to her trade
This has been going on for a very long time “Milton Friedman”. Now everything is coming is hitting the fan.
Ridiculous
Milton Friedman was garbage. He ruined a lot of lives.
Worst citation EVER 🤡
The three digits of inflation represent the three World Cup titles 🗣️💨💯🔥
Mbappe is still the boss
By that logic, the US should have a zero inflation rate
😂😂😂😂😂
@@phoque121 No. Because by that logic you should have 104 world cups by now 😂
So it means that it will turn into 4 digits. What abou your contry, how many WC do you have?
Oops they did it again!
Oh, you think INFLATION is your ally. But you merely adopted the INFLATION; I was born in it, moulded by it
I never knew of the existence of single-digit inflation in 1st world countries until I was a man
The Argentine monetary policy was madness. They actually believed that one US dollar is equal to one Argentine peso in their policy called uno por uno. Now, the Argentine currency is completely worthless and people are buying US dollars on the black market. It's shady and illegal, but that's Argentina.
Argentina’s central bank keeps printing money like crazy…
HEY! but they won WORLD CUP!!!!
Have you seen how many of them are traveling abroad on vacation without a care in the world!? They like to complain but live outside their means
The tourists you saw are probably from elites. Rich people will always live comfortably no matter what.
Those are the filthy rich families of the country.
High consumerism is a problem in Argentinan society. Has been for years.
@@rubberduckie5518 they'r used to living off the state, that's a big part of their problem
@@angelestorres6334 there's rampant corruption in the government, it's a kleptocracy and has been for 40 years.
Stay strong ❤ from India
A free crypto - metals exchange would clear their inflation problem right up. Bitcoin and gold are best but other crypto and silver would avoid any scaling problems and monopoly.
Let's pray for argentina 🇦🇷. May God help them thru these tough times
@@PennyWise-eu9nz what about yours?
Its really questionable that Argentina can recover its economy.
Forget God and educate yourself, and everything will be fine!
@@thetobyg don't say like that. What if you didn't survive the pandemic to sit here today 🤔
Don't worry Argentina, you have tax-evading Messi to save you😂😂😂😂
The peso fell 7% against the dollar just in one day (Tuesday). How long before things fall apart?
It has already fallen years ago. The latest IMF bailout merely kicked the can some more down the road but it is unsustainable.
@@ronnelacido1711 I live in Buenos Aires and things function fairly well still - as good as Colombia, where I also stayed for a couple of years. I do wonder if the wheels will come off though and it will take a turn for social upheaval a la Venezuela
Any day now
@@marktoveyOET argentines don't do social upheaval, they don't even protest in public (not in large numbers at least, that's reserved for soccer titles)
The government just have to put the football soccer on the tv to keep the peace
Saludos desde Mexico😂😂😂
38% de pobres
@@avionbarato1151 mejor que 100% 🤣
@@orale_ Argentina no tiene 100% de pobres
But we won the football World Cup and that is more important than the economy 😎
Born and raised in Argentina
My friends wants to move abroad, this government is destroying everything
So everything was perfect before Alberso ? 😂
@Angeles Torres of course not, but this guy made everything worst even accounting the drought
Argentina should give up having its worthless currency called peso and adopt US dollar, Euro, and Brazilian reals as national currencies of legal tender.
Argentina does use the US dollar. Their Peso is pegged to the dollar. Maybe they should drop it altogether and stop taking loans from the IMF.
That would be suicidal 🤞
@@Bensux
Nope.
Not pegged to the dollar.
Perhaps you are thinking of Ecuador
Where is Messi? He is the Messiah
When I went to visit, a common phrase I heard was "somos Argentinos, nacímos para sufrir"
😢😢
They bought the world cut but dint have money to help their ppl 😢
During the World Cup, I saw people interviewed preferring to win the cup than fix their economic situation 🤷♂️
That’s Argentinian alright. Football is religion
and the same thing biden is doing here let him stay one more term that in a few years we will be equal to argentina
Impossible... My computer states that revenue undermining the nation progress is dependant on country resources and people..
Didnt they just go thru the same thing like a decade ago?
They forgot to mention this was partly The USA fault because of the dollar debt trap.
@@yoomsuu Allowing inflation to reach 104% is economic mismanagement and ineptitude on a mega scale, and is a place that neither Spain or the US have ever reached.
You may be thinking of Venezuela
Yup, they've gone through this more than once. A quick google search will give you some insight.
@@sayda107 Nope, they have gone through this recently, or pretty much every year for the past century. 😆
*What is Argentina's inflation history?*
_Inflation Rate in Argentina averaged 190.32 percent from 1944 until 2023, reaching an all time high of 20262.80 percent in March of 1990 and a record low of -7.00 percent in February of 1954._
There is a crisis in Argentina whenever you're reading this.
There isnt a far-right movement. Its a LIBERTARIAN movement. With the principles of freedom and the individual
Is it me or Argentina has been in crisis since I have memory? Literally I remember them being like that since I was 3 years old. Jesus they'll never learn to elect different politicians
We do 😢
Usually they're at 100% inflation. Now it's 104%.
Yeah they're always in crisis but this time it feels kind of different. I haven't seen them this bad ever before.
Whenever I read "God bless", really feels like you're all laughing at them.
They earned it.
Best I can do is buy Argentina for 5 pesos.
People expect the government to fix things. But "the people" are the government. You can only pass the buck for so long before reality hits you in the face. Argentina may create a new system that works sometime in the future but its people have a lot more suffering before there's any hope of them realizing this is their mess to fix.
Ask mesi to pay your debit 😅
The biggest issue is that the country is wasting 30% of their annual budget (whole country budget). The gov is wasting 30% in social plans. 20 millions people don't work and just live off those social plans (half the country). The gov is wasting more money than they actually produce or earn as a country. Thus they need to print infinite amounts of money. They earn lets say 100, but they waste 200. This generates inflation. And New York IMF is not helping, because they keep giving the Argentina Gov more and more dollars. Those dollars go directly to social plans which buy votes. That's why you have had "peronist" govs for 100 years in Argentina. I wonder if IMF and USA are seeing this situation as convenient to export inflation and and export dollars to other places. In fact I think they really like the idea that Argentina adopts the Dollar for that very same reason, right now they need to get rid of trillions of dollars in the US to reduce BOGMBASE, and exporting them to other countries is a good idea for them. That's why Javier Milei is seen as a good option in Washington. That's basically the whole macro economic situation that media is not actually talking about. Remember this comment in 12 months.
They all just sit on their butt, while living miserably and complaining about corruption etc. but nobody gets off their butt and changes something! Most pathetic society!
When things go south due to a pandemic. How does any country recover from that?
With a purge
US, Europe, India, Australia, Japan, South Korea, and so on all recovered from the pandemic. It can be done. Argentina just didn’t do it!
Argentina has been a basket case for 40 years.
When things go south, people go north 😂
Argentina has been like this for decades, this isn't the first time 💩hits the fan in Argentina. It also has nothing to do with left vs right wing politics, they just have 💩tty people managing their finances. 😬
The government will have to take severe austerity programs and the population will have to go through a painful economic process. 🤞🏼
The further left they go the worse it gets
ECONOMIC LESSON
CURRENCY VALUATION:
(simple version)
When there is too much of your own money in circulation, it becomes diluted and worth less than it was when there were fewer denominations in circulation.
There are many different subjects that are no longer taught in schools all over the world.
One of these subjects is economics.
Another subject is political history.
You have to be careful of voting for individuals who do understand these subjects and who understand what happens when you violate the rules of economics on purpose.
Latin American countries are mostly described as "banana republics."
Hyperinflation is a symptom of the banana Republic.
Something very dangerous is going to have to happen in order to escape this economic disaster.
I suggest cutting ties with foreign powers like the US.
Venezuela is suffering because of its economic ties.
All of that oil is being siphoned off into tankers now.
It's very sad.
Good luck, Argentina!