Quote:“Every Argentine has a dashboard in the back of their minds with a red light on it,” said the consumer spending consultant Guillermo Oliveto. “Whenever this alarm goes off, a crisis defense mechanism emerges. From then on, it is a race to see who can shed pesos faster. Whoever falls asleep at the wheel, loses.”

Claudio Caratzu, 60, has worked at El Porteño, the small grocery store he owns in the Buenos Aires suburb of Hurlingham City, since he was 25. As inflation soars, he’s now changing price tags several times a week.

“In Argentina, prices last barely 48 hours,” he said. He’s withdrawn some of his stock from sale; the peso is losing value so rapidly that it’s difficult to gauge how much it’s really worth. “In my 35 years as a supermarket owner, I’ve never seen anything like this,” he said. “Purchasing power slips away like water through your fingers.”

Quote: Caratzu, of El Porteño, made a drastic decision: he’s putting his supermarket for sale. “Either we let go of the business, or it will let go of us,” he said.

And he’s made another decision. In the primary, he voted for Together for Change, but in the general election, he’s changing his preference.

“I’m voting for Milei,” he said. “I’m tired of being let down time and again. Now I want to be let down by someone new.”

https://www.msn.com/en-us/news/other/tru...r-AA1fL4TF

“I’m tired of being let down time and again. Now I want to be let down by someone new.”

Think about that for a minute.

If Milei pulls off the win and he succeeds in dollarizing the Argentinian economy then it would be a huge win for that country. It's extremely pathetic to see how the Peronistas have ran that country into the ground for so long.

(08-26-2023 10:20 AM)miko33 Wrote:  If Milei pulls off the win and he succeeds in dollarizing the Argentinian economy then it would be a huge win for that country. It's extremely pathetic to see how the Peronistas have ran that country into the ground for so long.

We're next.

(08-26-2023 10:17 AM)TigerBlue4Ever Wrote:  “I’m tired of being let down time and again. Now I want to be let down by someone new.”

Think about that for a minute.

Any different than anywhere else? How many truly great world leaders have we had in the last 100 years? I’m talking about true servants to their people who were relentlessly focused on the betterment of their country and not on their own power and influence.

We have people that have risen to the occasion, like Churchill for example, but I’m talking as a matter of daily action, not reaction to duress. This is why I hold Reagan in such high regard and, to a lesser extent, Trump. Both of those to me appeared to work hard everyday to make the country better, even if you didn’t agree with their vision, they put out the effort.

They aren’t the only two, but the only two in my lifetime (born 1965).

Its not a public service any longer, it's a way to increase one's wealth and prestige

(08-26-2023 10:20 AM)miko33 Wrote:  If Milei pulls off the win and he succeeds in dollarizing the Argentinian economy then it would be a huge win for that country. It's extremely pathetic to see how the Peronistas have ran that country into the ground for so long.

Before Peron, Argentina was one of the 5 wealthiest nations in the world. You would think people would have figured things out.

Taxes are insane. They tax business travel. Its an impossible business climate.