Can’t argue that point
FNC this morning had it as “Bidemonics” on the chyron.
Argentina now has a 2000 peso bank note.
https://qz.com/argentina-2000-peso-banknote-inflation-nazi-sympathizer-1850464422
Argentina has introduced a new peso banknote as it battles soaring levels of inflation.
A 2,000 peso-note entered circulation yesterday (May 22), with a value equivalent to only about $8.50 on Argentina’s official market, and $4 on the country’s thriving informal market. Previously, the largest bill in Argentina was the 1,000 peso-note.
You can get one of these on Ebay for 11 bucks.
Muy bueno Brandon.
A snapshot glimpse into our future.
Easy to solve. Just print more money.
Things could be changing soon.
I flew many flights to Buenos Aires in the 1990’s
The peso was pegged, 1-1 with the US$.
Argentine economics was stable, and a great place to visit, (then)
If they think that “Bidenomics,” is good, they are kidding themselves.
Brazil was having a horrible time with inflation, so bad that we did not take any of their money home because a week later it would be worth less. I think it was around 40% at times.
The “Crucero” was 70,000 for $1.00 dollar.
Then they wiped off the three zeros to make it 70 and in a few weeks the new “Real” was 2,100 for$1.00!
YUK
“Argentina’s central bank raised #interestrates to 118%”
Can I open a savings account there without changing my money into pesos?
I’ve always felt the Argentines will be the first to tire of the Socialist experiment. They’ve run the cycle tragically a few times now. It would be a new refuge for the classical libertarians of the world. Alas, it seems there is no end to the excuses for the left’s failures there (and everywhere else).