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2010-01-26 Caribbean-Latin America
New Twist in Argentine Currency Fight
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Posted by Steve White 2010-01-26 00:00|| || Front Page|| [1 views ]  Top

#1 So, the lefties want to plunder the treasury of the remaining value in order to spend their way to an election victory. Is this right? I never understand these central banking articles.
Posted by gromky 2010-01-26 03:57||   2010-01-26 03:57|| Front Page Top

#2 You got it. Sad tale but we've heard it before.
Posted by Steve White 2010-01-26 07:45||   2010-01-26 07:45|| Front Page Top

#3 So Christina (socialism) has run out of other peoples money, and is looking for a new fix.
Posted by Whiskey Mike 2010-01-26 08:40||   2010-01-26 08:40|| Front Page Top

#4 I'm willing to bet that with Argentina frozen out from international capital markets, those reserves are the only thing keeping the Argentine economy functioning, and that they were painfully collected for that very purpose - to serve as the basis for the national money supply. Nobody in their right mind would extend credit to a country that just robbed its own national bank, so once that debt is serviced, they're going to find that the international bankers will be strangely unwilling to open up the taps again like they expected.
Posted by Mitch H.  2010-01-26 11:12|| http://blogfonte.blogspot.com/  2010-01-26 11:12|| Front Page Top

#5 So what does Iran have to offer them other than our own money, thanks to LLL who don't understand that refusing to drill only raises oil prices and "transfers" wealth to them even faster?
Posted by gorb 2010-01-26 16:11||   2010-01-26 16:11|| Front Page Top

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