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| Caribbean-Latin America |
| Bad Guys Watch for Argentians Carrying Cash |
| 2010-09-07 |
| A small excerpt To combat widespread tax avoidance the gov't imposes a 21% sales tax, taxes bank transactions such as check deposits and withdrawals, business contracts, personal property, and homes. And the Argie gummint is broke because it spends all that and more ... Banks add their own fees and rules to discourage customers from using rival banks or credit cards. Argentines can't forget the 2001 economic crisis that forced the government to devalue the peso, robbing most people of two-thirds or more of their wealth overnight. Banks were ordered to freeze deposits, and dollar-denominated savings could be withdrawn only in devalued pesos. That was the Kirchners. The Argie public couldn't have been too upset, they re-elected the swindlers ... "Banks swindled us not long ago," Vivanco, the notary, said. "People who had their deposits in dollars were given back pesos and many lost 70 percent of their savings, and they blame the financial entities for this, even though the banks were just following the government's orders." ? Coming soon to a country near you |
| Posted by:Anguper Hupomosing9418 |
| #4 When South Vietnam fell the banks were taken over and all money was confiscated. One who got out said he at one time had $10,000 dollars he just carried around on himself. He tried to get out several times as I recall three times along with his two sisters. He and a sister were caught and torchered. The sister caught died. When times are tough cash is king. Afghans don't trust the banks either as can be seen now. When governments do this they make the underground economy much stronger. |
| Posted by: Dale 2010-09-07 21:30 |
| #3 I stand corrected, they're from Vail, CO. And the episode is here. |
| Posted by: Procopius2k 2010-09-07 12:16 |
| #2 HGTV's House Hunters International featured a couple, in the last year, buying a place in Buenos Aires. At the conclusion they're walking to the contract signing carrying fifty thousand in American cash to make the down payment. How he got that amount out of the States in cash is probably an interesting story as well. Then again, they were relocating from Aspen. |
| Posted by: Procopius2k 2010-09-07 09:09 |
| #1 Yokay, I'll bite, aren't "ARGENTIANS" supposed to be from FRANCE??? |
| Posted by: JosephMendiola 2010-09-07 03:22 |