Watch out America, Argentina could be the future.....

Transvestite in Chief Cristina Kirchner, continues to do a great job in destroying the Argentinian economy.

Abridged from the Dollar Vigilante.

Most gas stations are out of gas on a very regular basis.  Line-ups for ATMs can go down the block at certain times of the day as people try to withdraw their 1,000 peso per day maximum limit (about $200).

They stopped allowing Argentines to use their debit cards when outside of the country... and they instituted a tax on sushi... surely taxing imported tuna will save the disastrous socialist government!

As well, they continue to not allow the importing of certain things such as Apple iPhones... to protect the very important Argentine cell phone manufacturers like... well... I don't think there are any.  So, instead of Argentinians having access to new technology even the upper class walk around with 1997 era mobile phones.

Energy shortages, currency controls, import restrictions, you name an evil and Cristina and the cohorts are doing it, except soccer and tango...

Real estate, especially in Buenos Aires, is, from practical stand point, paralyzed.  Transactions fell 15% in January and 15% in February, basically due to currency controls imposed by Cristina as soon as she won the elections in October and sales have plunged 41% since October. Property values have risen in the last decade, providing more stable returns than the Argentine dollar bonds, which posted annual losses four times in the past decade. Because of the currency controls, potential buyers are struggling to get dollars and the sellers are reluctant to lower the prices, preferring rather to pull the properties off the market; they do that because they want to use real estate as a protection against inflation. Out of about 1,000 properties for sale or rent with one of the real estate agencies, only 10 owners accepted pesos (how is that as a sign for Argentina's health?).  Some buyers are turning to the unregulated "blue market" to get dollars, where they have to pay almost 5 pesos for one dollars, while the official exchange rate is 4.20 to 4.30.

Currency controls, along with the import restrictions, are really, putting the last nail in the coffin...There are SO MANY stupid things this government is doing, that there is no other label than sociopaths! These days, they don't allow anyone to withdraw more than 1,000 pesos a day from the ATM (they now have even frozen Argentinians' debit cards when they go to Chile to buy stuff that's significantly cheaper or "normal" stuff that's not available in Argentina...Cristina's daughter made the comment that "importing all those gadgets would hurt Argentina's economy"! ).

What will that mean for Argentina?  Nobody knows exactly.  But if the government can be removed from every facet of Argentine economic life then very quickly the gas and ATM lines would fade away, a flood of new products from around the world would enter into Argentina, prices for a time would be very cheap (and good for building a house... hint hint) if you had your savings in anything but the Argentine peso.

Will there be chaos in Argentina?  Perhaps some outbreaks in Buenos Aires.  The majority of the country is farmland.  And the Argentine peso has collapsed and become worthless five times in the last forty years so if this comes as a surprise to anyone in the country then they deserve what is coming to them.

Don't cry for me Argentina, it is us that should be crying for you.

Watch out America, Argentina could be the future.....

Transvestite in Chief Cristina Kirchner, continues to do a great job in destroying the Argentinian economy.

Abridged from the Dollar Vigilante.

Most gas stations are out of gas on a very regular basis.  Line-ups for ATMs can go down the block at certain times of the day as people try to withdraw their 1,000 peso per day maximum limit (about $200).

They stopped allowing Argentines to use their debit cards when outside of the country... and they instituted a tax on sushi... surely taxing imported tuna will save the disastrous socialist government!

As well, they continue to not allow the importing of certain things such as Apple iPhones... to protect the very important Argentine cell phone manufacturers like... well... I don't think there are any.  So, instead of Argentinians having access to new technology even the upper class walk around with 1997 era mobile phones.

Energy shortages, currency controls, import restrictions, you name an evil and Cristina and the cohorts are doing it, except soccer and tango...

Real estate, especially in Buenos Aires, is, from practical stand point, paralyzed.  Transactions fell 15% in January and 15% in February, basically due to currency controls imposed by Cristina as soon as she won the elections in October and sales have plunged 41% since October. Property values have risen in the last decade, providing more stable returns than the Argentine dollar bonds, which posted annual losses four times in the past decade. Because of the currency controls, potential buyers are struggling to get dollars and the sellers are reluctant to lower the prices, preferring rather to pull the properties off the market; they do that because they want to use real estate as a protection against inflation. Out of about 1,000 properties for sale or rent with one of the real estate agencies, only 10 owners accepted pesos (how is that as a sign for Argentina's health?).  Some buyers are turning to the unregulated "blue market" to get dollars, where they have to pay almost 5 pesos for one dollars, while the official exchange rate is 4.20 to 4.30.

Currency controls, along with the import restrictions, are really, putting the last nail in the coffin...There are SO MANY stupid things this government is doing, that there is no other label than sociopaths! These days, they don't allow anyone to withdraw more than 1,000 pesos a day from the ATM (they now have even frozen Argentinians' debit cards when they go to Chile to buy stuff that's significantly cheaper or "normal" stuff that's not available in Argentina...Cristina's daughter made the comment that "importing all those gadgets would hurt Argentina's economy"! ).

What will that mean for Argentina?  Nobody knows exactly.  But if the government can be removed from every facet of Argentine economic life then very quickly the gas and ATM lines would fade away, a flood of new products from around the world would enter into Argentina, prices for a time would be very cheap (and good for building a house... hint hint) if you had your savings in anything but the Argentine peso.

Will there be chaos in Argentina?  Perhaps some outbreaks in Buenos Aires.  The majority of the country is farmland.  And the Argentine peso has collapsed and become worthless five times in the last forty years so if this comes as a surprise to anyone in the country then they deserve what is coming to them.

Don't cry for me Argentina, it is us that should be crying for you.

America 1950 vs. America 2012

The Economic Collapse

Would you rather live in the America of 1950 or the America of 2012? Has the United States changed for the better over the last 62 years? Many fondly remember the 1950s and the 1960s as the “golden age” of America. We emerged from World War II as the wealthiest and most powerful nation on the planet. During that time period, just about anyone that wanted to get a job could find a job and the U.S. middle class expanded rapidly. Back in 1950, America was still considered to be a “land of opportunity” and the economy was growing like crazy. There was less crime, there was less divorce, the American people had much less debt and the world seemed a whole lot less crazy. Most of the rest of the world deeply admired us and wanted to be more like us. Of course there were a lot of things that were not great about America back in 1950, and there are many things that many of us dearly love that we would have to give up in order to go back and live during that time. For example, there was no Internet back in 1950. Instead of being able to go online and read the articles that you want to read, your news would have been almost entirely controlled by the big media companies of the day. So there are definitely some advantages that we have today that they did not have back in 1950. But not all of the changes have been for the better. America is in a constant state of change, and many are deeply concerned about where all of these changes are taking us.

There has never been any society in the history of the world that has been perfect. America was flawed in 1950 just as America is flawed today.

But that doesn’t mean that we should not reflect on how much things have changed over the past 62 years.

So which version of America would you rather live in?

America 1950 vs. America 2012 – you make the call….

In 1950, a gallon of gasoline cost about 27 cents.

In 2012, a gallon of gasoline costs $3.69.

In 1950, you could buy a first-class stamp for just 3 cents.

In 2012, a first-class stamp will cost you 45 cents.

In 1950, more than 80 percent of all men were employed.

In 2012, less than 65 percent of all men are employed.

In 1950, the average duration of unemployment was about 12 weeks.

In 2012, the average duration of unemployment is about 40 weeks.

In 1950, the average family spent about 22% of its income on housing.

In 2012, the average family spends about 43% of its income on housing.

In 1950, gum chewing and talking in class were some of the major disciplinary problems in our schools.

In 2012, many of our public schools have been equipped with metal detectors because violence has become so bad.

In 1950, mothers decided what their children would eat for lunch.

In 2012, lunches are inspected by government control freaks to make sure that they contain the “correct foods” in many areas of the country. For example, one 4-year-old girl recently had her lunch confiscated by a “lunch monitor” because it did not meet USDA guidelines….


A preschooler at West Hoke Elementary School ate three chicken nuggets for lunch Jan. 30 because the school told her the lunch her mother packed was not nutritious.

The girl’s turkey and cheese sandwich, banana, potato chips, and apple juice did not meet U.S. Department of Agriculture guidelines, according to the interpretation of the person who was inspecting all lunch boxes in the More at Four classroom that day.

The Division of Child Development and Early Education at the Department of Health and Human Services requires all lunches served in pre-kindergarten programs – including in-home day care centers – to meet USDA guidelines. That means lunches must consist of one serving of meat, one serving of milk, one serving of grain, and two servings of fruit or vegetables, even if the lunches are brought from home.

In 1950, the United States was #1 in GDP per capita.

In 2012, the United States is #13 in GDP per capita.

In 1950, redistribution of wealth was considered to be something that “the communists” did.

In 2012, the U.S. government redistributes more wealth than anyone else in the world.

In 1950, about 13 million Americans had manufacturing jobs.

In 2012, less than 12 millionAmericans have manufacturing jobs even though our population has more than doubled since 1950.

In 1950, the entire U.S. military was mobilized to protect the borders of South Korea.

In 2012, the U.S. borders with Mexico and Canada are wide open and now there are 1.4 million gang members living inside the United States.

In 1950, there were about 2 million people living in Detroit and it was one of the greatest cities on earth.

In 2012, there are about 700,000 people living in Detroit and it has become a symbol of what is wrong with the U.S. economy.

In 1950, the Dow Jones Industrial Average was slightly over the 200 mark.

In 2012, the Dow Jones Industrial Average is threatening to soar over the 13,000 mark.

In 1950, corporate taxes accounted for about 30 percent of all federal revenue.

In 2012, corporate taxes will account for less than 7 percent of all federal revenue.

In 1950, the median age at first marriage was about 22 for men and about 20 for women.

In 2012, the median age at first marriage is about 28 for men and about 26 for women.

In 1950, many Americans dressed up in suits and dresses before getting on an airplane.

In 2012, security goons look at the exposed forms of our women and our children before they are allowed to get on to an airplane.

In 1950, each retiree’s Social Security benefit was paid for by 16 workers.

In 2012, each retiree’s Social Security benefit is paid for by approximately 3.3 workers.

In 1950, many Americans regularly left their cars and the front doors of their homes unlocked.

In 2012, many Americans live with steel bars on their windows and gun sales are at record highs.

In 1950, the American people had a great love for the U.S. Constitution.

In 2012, if you are “reverent of individual liberty“, you may get labeled as a potential terrorist by the U.S. government.

In 1950, the United States loaned more money to the rest of the world than anybody else.

In 2012, the United States owes more money to the rest of the world than anybody else.

In 1950, the U.S. national debt was about 257 billion dollars.

In 2012, the U.S. national debt is 59 times larger. It is currently sitting at a grand total of $15,435,694,556,033.29. Surely our children and our grandchildren will thank us for that.

One of the only things that is constant in life is change.

Whether we like it or not, America is going to continue to change.

Back in the 1950s and 1960s, about 70 percent of all American adults were married.

Today, only about 50 percent of all American adults are married.

We are more independent, less religious, more addicted to entertainment and more doped up on prescription drugs than Americans used to be.

We have a higher standard of living than Americans in 1950 did, but we are also drowning in an ocean of debt unlike anything the world has ever seen.

For a lot more on how the U.S. economy is doing in 2012, just check out this list of interesting facts.

So is America 2012 a better version than America 1950 was?

Have we made progress since then or are we going backwards?

America 1950 vs. America 2012

The Economic Collapse

Would you rather live in the America of 1950 or the America of 2012? Has the United States changed for the better over the last 62 years? Many fondly remember the 1950s and the 1960s as the “golden age” of America. We emerged from World War II as the wealthiest and most powerful nation on the planet. During that time period, just about anyone that wanted to get a job could find a job and the U.S. middle class expanded rapidly. Back in 1950, America was still considered to be a “land of opportunity” and the economy was growing like crazy. There was less crime, there was less divorce, the American people had much less debt and the world seemed a whole lot less crazy. Most of the rest of the world deeply admired us and wanted to be more like us. Of course there were a lot of things that were not great about America back in 1950, and there are many things that many of us dearly love that we would have to give up in order to go back and live during that time. For example, there was no Internet back in 1950. Instead of being able to go online and read the articles that you want to read, your news would have been almost entirely controlled by the big media companies of the day. So there are definitely some advantages that we have today that they did not have back in 1950. But not all of the changes have been for the better. America is in a constant state of change, and many are deeply concerned about where all of these changes are taking us.

There has never been any society in the history of the world that has been perfect. America was flawed in 1950 just as America is flawed today.

But that doesn’t mean that we should not reflect on how much things have changed over the past 62 years.

So which version of America would you rather live in?

America 1950 vs. America 2012 – you make the call….

In 1950, a gallon of gasoline cost about 27 cents.

In 2012, a gallon of gasoline costs $3.69.

In 1950, you could buy a first-class stamp for just 3 cents.

In 2012, a first-class stamp will cost you 45 cents.

In 1950, more than 80 percent of all men were employed.

In 2012, less than 65 percent of all men are employed.

In 1950, the average duration of unemployment was about 12 weeks.

In 2012, the average duration of unemployment is about 40 weeks.

In 1950, the average family spent about 22% of its income on housing.

In 2012, the average family spends about 43% of its income on housing.

In 1950, gum chewing and talking in class were some of the major disciplinary problems in our schools.

In 2012, many of our public schools have been equipped with metal detectors because violence has become so bad.

In 1950, mothers decided what their children would eat for lunch.

In 2012, lunches are inspected by government control freaks to make sure that they contain the “correct foods” in many areas of the country. For example, one 4-year-old girl recently had her lunch confiscated by a “lunch monitor” because it did not meet USDA guidelines….


A preschooler at West Hoke Elementary School ate three chicken nuggets for lunch Jan. 30 because the school told her the lunch her mother packed was not nutritious.

The girl’s turkey and cheese sandwich, banana, potato chips, and apple juice did not meet U.S. Department of Agriculture guidelines, according to the interpretation of the person who was inspecting all lunch boxes in the More at Four classroom that day.

The Division of Child Development and Early Education at the Department of Health and Human Services requires all lunches served in pre-kindergarten programs – including in-home day care centers – to meet USDA guidelines. That means lunches must consist of one serving of meat, one serving of milk, one serving of grain, and two servings of fruit or vegetables, even if the lunches are brought from home.

In 1950, the United States was #1 in GDP per capita.

In 2012, the United States is #13 in GDP per capita.

In 1950, redistribution of wealth was considered to be something that “the communists” did.

In 2012, the U.S. government redistributes more wealth than anyone else in the world.

In 1950, about 13 million Americans had manufacturing jobs.

In 2012, less than 12 millionAmericans have manufacturing jobs even though our population has more than doubled since 1950.

In 1950, the entire U.S. military was mobilized to protect the borders of South Korea.

In 2012, the U.S. borders with Mexico and Canada are wide open and now there are 1.4 million gang members living inside the United States.

In 1950, there were about 2 million people living in Detroit and it was one of the greatest cities on earth.

In 2012, there are about 700,000 people living in Detroit and it has become a symbol of what is wrong with the U.S. economy.

In 1950, the Dow Jones Industrial Average was slightly over the 200 mark.

In 2012, the Dow Jones Industrial Average is threatening to soar over the 13,000 mark.

In 1950, corporate taxes accounted for about 30 percent of all federal revenue.

In 2012, corporate taxes will account for less than 7 percent of all federal revenue.

In 1950, the median age at first marriage was about 22 for men and about 20 for women.

In 2012, the median age at first marriage is about 28 for men and about 26 for women.

In 1950, many Americans dressed up in suits and dresses before getting on an airplane.

In 2012, security goons look at the exposed forms of our women and our children before they are allowed to get on to an airplane.

In 1950, each retiree’s Social Security benefit was paid for by 16 workers.

In 2012, each retiree’s Social Security benefit is paid for by approximately 3.3 workers.

In 1950, many Americans regularly left their cars and the front doors of their homes unlocked.

In 2012, many Americans live with steel bars on their windows and gun sales are at record highs.

In 1950, the American people had a great love for the U.S. Constitution.

In 2012, if you are “reverent of individual liberty“, you may get labeled as a potential terrorist by the U.S. government.

In 1950, the United States loaned more money to the rest of the world than anybody else.

In 2012, the United States owes more money to the rest of the world than anybody else.

In 1950, the U.S. national debt was about 257 billion dollars.

In 2012, the U.S. national debt is 59 times larger. It is currently sitting at a grand total of $15,435,694,556,033.29. Surely our children and our grandchildren will thank us for that.

One of the only things that is constant in life is change.

Whether we like it or not, America is going to continue to change.

Back in the 1950s and 1960s, about 70 percent of all American adults were married.

Today, only about 50 percent of all American adults are married.

We are more independent, less religious, more addicted to entertainment and more doped up on prescription drugs than Americans used to be.

We have a higher standard of living than Americans in 1950 did, but we are also drowning in an ocean of debt unlike anything the world has ever seen.

For a lot more on how the U.S. economy is doing in 2012, just check out this list of interesting facts.

So is America 2012 a better version than America 1950 was?

Have we made progress since then or are we going backwards?