Posted on 02/04/2013 12:26:40 PM PST by LucianOfSamasota
BUENOS AIRES, Argentina (AP) — Argentina announced a two-month price freeze on supermarket products Monday in an effort to break spiraling inflation.
The price freeze applies to every product in all of the nation's largest supermarkets — a group including Walmart, Carrefour, Coto, Jumbo, Disco and other large chains. The companies' trade group, representing 70 percent of the Argentine market, reached the accord with Commerce Secretary Guillermo Moreno, the government's news agency Telam reported.
The commerce ministry wants consumers to keep receipts and complain to a hotline about any price hikes they see before April 1.
Polls show Argentines worry most about inflation, which private economists estimate could reach 30 percent this year. The government says it's trying to hold the next union wage hikes to 20 percent, a figure that suggests how little anyone believes the official index that pegs annual inflation at just 10 percent.
The government announced the price freeze on the first business day after the International Monetary Fund formally censured Argentina for putting out inaccurate economic data. The IMF has given Argentina until September to bring its statistics up to international standards, or face expulsion from the world body in
(Excerpt) Read more at start.toshiba.com ...
The Argentines are a bunch of Italians, speaking Spanish, pretending to be British. Two out of five PIIGS in there.
Yet they are admired by the Chilean left because of their “higher” standard of living. Any assertion that it is a mirage is met with silent rejection.
Replace high prices with empty shelves. That always works.
Wait until Obama’s income tax increase on the middle class and Obamacare tax penalties begin to bloom in 2014, coupled with hyperinflation that will empty the food shelves and the EBT accounts.
Yep but, the real inflation is coming. They can’t hold it back much longer.
Argentina is just the beginning.
That scares me. To the bone.
Less goods for the same price is still inflation.
Look what is happening right before your eyes and take heed.
You either prepare and stand on your own beholden to no one or you become dependent on others to provide your basic needs and become thier ‘serf’. Me I don’t want to be beholden to anyone for providing what is needed for me and mine. I certainly don’t want to have to kiss some ‘gubberment’ third class bureaucratic to try and coax some help from them, I don’t want some ‘jack booted’ thug herding me in line and telling me where to stand, sit, eat or sleep. And last but not least I don’t want to be shut up in with a bunch of ‘zombies’ and have to worry about not only trying to get basic necessities but having to fight to keep what I manage to get.
Its your choice you can prep or you can stand around on a bridge waiting for FEMA to bring you a bottle of water, a MRE, a warm banklet and a kiss for your boo-boo and maybe you can even get your picture as you stand there on the national news.
For those who are just starting or are old hands at prepping you may find my Preparedness Manual helpfull. You can download it at:
http://tomeaker.com/kart/Preparedness1j.pdf
NOTE! THIS IS A FREE DOWNLOAD. I DO NOT MAKE ONE CENT OFF MY PREPAREDNESS MANUAL!
For those of you who haven’t started already it’s time to prepare almost past time maybe. You needed to be stocking up on food guns, ammo, basic household supplies like soap, papergoods, cleaning supplies, good sturdy clothes including extra socks, underwear and extra shoes and boots, a extra couple changes of oil and filters for your car, tools, things you buy everyday start buying two and put one up.
As the LDS say “When the emergency is upon us the time for preparedness has past.”
Or as the bible says: A prudent man sees danger and takes refuge, but the simple keep going and suffer for it.
NIV Proverbs 22:3
I also like to recomend FReeper’s ChocoChipCookie Blog The Survival Mom (Please Blog Police let this one slide!) Where you can get lots of useful information like:
http://thesurvivalmom.com/2011/11/20/8-morale-boosters-for-any-worst-case-scenario/
http://thesurvivalmom.com/2010/02/02/survival-priorities-the-rule-of-three/
http://thesurvivalmom.com/2010/12/29/normalcy-bias/
And More
“There is no greater disaster than to underestimate danger.
Underestimation can be fatal.”
Me too - the plan actually made sense to me - when I was 14 years old!
Of course I then went on to live through the rest of the 70s and 80s and learned better.
Prices freezes don’t work so well when there’s nothing on the shelves. Guess Americans will see prices raise here to offset the freezes there. Once again, we get messed over.
Each new ego-maniacal tyrant tries the same old failed policies because each believes he/she is so much smarter and wiser than the failed tyrants who came before them.
You see, the policies didn't fail - it was just a failure of leadership.
But he (or she) is confident they will succeed where lesser leaders have failed.
Really? Have you compared today’s prices to last year’s prices? Check the sizes. The big 1.5 gallon cheap ice cream is now 1 gallon and 1 pint. There’s no such thing as 3 lb. tubs of margarine anymore, either. Coffee sizes are all over the place these days.
I still get mine in 10 lb bags and roast it myself. ;)
I try to not buy retail, ever.
/johnny
Been out working on the garden for a week. It’s more work than it’s worth today. Tomorrow may bring a change of tune.
If inflation is too much money chasing too few goods, how does reducing the supply of goods help?
“In a few weeks who will they blame the shortages on?”
Uh, capitalists? Bush?
Not a problem. They can simply declare shortages illegal.
Welcome to Shortages-Of-Everything Land!
Maybe Argentina should, oh, I don’t know, stop printing money instead???
What’s funny is, they could probably walk around the corner and get some black market goods for $16,000,000,000,000,000 Zimbabwean dollars.
Break the vicious cycle of printing-press inflation and insane wage demands with price controls.
The Obammer is watching closely.
That’s when they started being creative, making entirely new cuts of meat which didn’t have a price before the freeze.
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