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Cristina meets George‏ Soros as Argentina Collapses

Tuesday, September 23, 2014 13:18

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Cristina Fernandez and George Soros

Hi Ferfal,

I don’t think any good will come from these two meeting…

http://www.reuters.com/article/2014/09/22/us-argentina-debt-soros-idUSKCN0HH1ZI20140922

Thanks for your very informative website!

Karyn

Hello Karyn,

I dont think so either.

Argentina is rapidly falling apart. The peso climbed to over 15 to the dollar (the rate was 5 pesos:1 usd two years ago). Inflation is rampant. Electricity has gone up 800% in some cases from one month to the next, and this is common for other services as well. You can imagine how hard it is to make any financial planning. Even small businesses find it impossible to budget for next month or even next week, forget about next year.

Of course, crime keeps getting worse non-stop. It was bad when I left, its even worse now if that’s possible. There’s daily murders as before, but more of them, and more start going unreported. There’s missing people, kidnappings, and very violent home invasions. Even when caught on tape committing an armed robbery, even when found and booked, criminals are still released that same day. Argentina has gone Mad Max.

Most of the country is no man’s land by now and even the “nice” gated communities are still very much vulnerable. In many cases, the developments in places like Nordelta are directly financed by Colombian drug cartels.
At this point and with the rapidly deteriorating currency and society alike there’s just no hope for Argentina.

FerFAL

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