Video & Multimedia

TexasTowelie

(128,150 posts) Sun Aug 27, 2023, 09:50 AM Aug 2023

Argentina Collapsing as Peso is Devalued, Inflation 113%, Interest Rates 118% & Debt Default Looms - JB

ARGENTINA is facing ECONOMIC MELTDOWN as Inflation hits 113%, Interest Rates are now at 118%, the country is in the middle of a 3 year DROUGHT, the PESO has been DEVALUED and the country is facing a PRESIDENTIAL ELECTION in October. The new leader in the polls is a controversial far right candidate who wants to SCRAP the Peso & the Central Bank and move Argentina to using the US DOLLAR. In this video I provide full details of the current situation and discuss the outlook for the next 3 to 6 months.

Chapters:
0:00 Intro
2:24 INFLATION
5:18 INTEREST RATES
8:10 PESO
13:46 ELECTION
15:29 TRADE
17:27 DEBT
21:25 SUMMARY & CONCLUSION

2 replies

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Argentina Collapsing as Peso is Devalued, Inflation 113%, Interest Rates 118% & Debt Default Looms - JB (Original Post) TexasTowelie Aug 2023 OP

And at some point, SpamWyzer Aug 2023 #1

It appears Argentina has decided on a different path blue-wave Aug 2023 #2

SpamWyzer

(385 posts)

1. And at some point,

Reply to TexasTowelie (Original post)

Sun Aug 27, 2023, 04:17 PM

Aug 2023

Argentina can either become a weight and drag on the USD or become the 51st state of the union. LOL

blue-wave

(5,543 posts)

2. It appears Argentina has decided on a different path

Reply to SpamWyzer (Reply #1)

Sun Aug 27, 2023, 05:23 PM

Aug 2023

It was recently announced that they will be joining the BRICS alliance. So Vlad Putin and Xi can save them. Oh wait, both Russia and China have serious problems of their own.

Argentina, you chose the wrong alliance but good luck anyway!! Lol!!

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