“A lot of investors were betting that 2015 would come around, and Argentina and the holdouts — led by Elliott Management founder Paul Singer — would sit down and sing Kumbaya. Instead Argentina is coming up with more creative ways to raise cash, like a recent debt swap plan the government has announced to raise $3 billion locally. Argentina’s relies heavily on commodity exports like soybeans for revenue, and commodities are getting crushed. It’s clear that the country’s 40% inflation rate is putting Argentines on guard. They’re carrying lots of cash around, and because they carry around all that cash, Argentina has become the robbery capital of Latin America.”
http://www.businessinsider.com/argentina-is-getting-clobbered-2014-12
Related posts:
FEMA Grounds Private Drones Helping To Map Floods, Threatens Arrests
Minority Report: Fiction Has Become Reality
Defiant nuns and monks refuse to give up Kentucky land for gas pipeline
Colorado to grant Secret Service vast new powers
A Remarkable Lawyer and the Fascinating Murder of JFK's Mistress
And the Media Gets It Wrong (Again)
NSA Sent Undercover Agents to Spy on 'World of Warcraft'
Evil octopus strangling the world becomes latest US intelligence seal
Guantanamo Gulag and the Human Rights Lie
Former Greek defense minister gets eight years and €500,000 fine over €100,000 in asset non-declarat...
It Was the First Time the CIA Overthrew a Government…
A Large Grocery Store Accepts our Bitcoin!
How You Can Quickly Make It into the World's 1% Richest
India to settle oil trade dues with Iran in rupees
Former White House ‘intellectual property czar’ jumps to anti-piracy lobby BSA