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Argentina Freezes Food Prices "To Break Inflation Spiral"

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.

Read more: http://www.myfoxny.com/story/20958959/argentina-freezes-pric...



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I don't see Argentinian inflation much out of line

With the rest of it's geo-political neighbors.

Since 2004, Columbia 6%, Brazil 7%, Uruguay 9%, Argentina 10%

http://www.tradingeconomics.com/argentina/inflation-cpi

Things are suddenly getting bad for Argentina as a result of the Falkland Islands conflict with the UK.

Also, GDP growth has pretty much matched inflation in Argentina.
Much as our GDP growth pretty much has much matched inflation here.

The Falkland islands conflict is a distraction

Communism 101.

Falklands artificially Relavent

They will be used as a distraction even though The Falklands are not causing the problems in Argentina.

This seems like a re-run of the early 80s where the Argentina military Junta used the Falklands war to create artificial support from the people to hide the economic hardships.

This time around I wonder if the Falklands will provide the British with an equally useful distraction so both sides will be eager for it.

There seems to be a lot of oil down there.

Most South American countries

Are going to seem socialist compared to us. I do understand what you mean though, a lot of countries down there blame others for their economies: Argentina - The Brits, Columbia - FARQ, Venezuela, Bolivia - US. Such is Politics & Patriotism.

They should learn from us, our parties spend like strung out crack addicts and then blame each other!

Yep that is what I implied.

You said it better.

Argentina now is a good place

Argentina now is a good place to start a Ron Paul/liberty movement.

I am in Argentina

I am in Argentina right now. The people are largely aware of what govt is doing after the economic collapse of a decade ago. A black market for currency exchange has developed. The Argentine govt will give the "official" rate of 4.9 pesos: 1 dollar. On the black market I can get 6.5 pesos: dollar.

One local I spoke with expects it to go to 10:1 in a few months.

Ill have a more detailed report at my site (in my sig below) when I return in a week.

http://lionsofliberty.com/
*Advancing the Ideas of Liberty Daily*

Looking forward to hearing.

.

Cyril's picture

Stay safe.

Stay safe.

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

It's "just" a price control.

It goes like this every time.

Inflation
Price Controls
Rationing

Next step: rationing.

All it means is they are printing more money than they can finance. Sound familiar?

What comes after rationing in what remains of the "Free market", in this case the grey or black market?

Bartering
"Hoarding"

However, in the US DHS already has anti-bartering and anti-hoarding laws on the books as HSOs that's right a subsdiary power of EOs to be invoked during an emergency.

And after that people who turn in their "hoarding" or "bartering" neighbors will get 10% of the asset forfeiture or a bonus ration card!

That's how it works US-style! (or will in the not so distant future)

So you're saying this has all been tried before, many many times

That they know what will happen.
That it has happened before.
That it has happened many times before.
That it has happened many many times before.
That it has happened many many many times before.
That it is as predictable as the moon following the sun which sets in the west.
That all future claims that they didn't know what would happen are appeals to either ignorance or deception.

Defeat the panda-industrial complex

I am dusk icon. anagram me.

Yep.

More like they are necessary consequences, countermeasures and countermeasures to countermeasures that are very highly predictable. Not by me or us, but by them. And they've already planned for them.

Makes me wish I was down there instead of frozen here in WI.

Seems like down there you can speak some truth about economic oppression and actually gain an audience. I could be 'el veritisimo' or something like that.

Point being that truth is something that people in the south are ready to hear versus N. Americans who are dedicated to their denial.

Defeat the panda-industrial complex

I am dusk icon. anagram me.

Could you imagine what went through a loyal Roman's mind when...

... they woke up one morning to find Vercingetorix as the new Caesar? A GOTH?!?!?!?!?

Similar phenomenon here. It can't happen until it does.

So I was briefly talking to an Argentinian professor today

And I said "so Argentina is really screwed right now, huh?"

Her eyes lit up and said "oh no what is happening now?"

I started telling her about the price freeze, and another guy interrupted me and starts rambling about some team losing and player so and so. Then he goes "Oh I thought you were talking about soccer" and kept rambling.

[headslap]

It's pretty hard to get into a meaningful discussion because time is limited and there is about 15 students per instructor who constantly need help with crap, but I finally got some information out of her...

I didn't know her political beliefs so I treaded lightly, but as soon as I mentioned the price freeze my Profesora get excitedly pissed and starting talking about inflation and the president. Another guy asked about the Argentinian president, and I said "she's basically a communist doing blah blah blah" and she interrupted me and told him, in an extremely derogatory tone towards Kirchner that "SHE IS A COMMUNIST."

Then she gave everyone around me a lecture about how the government is screwing over the people with food inflation and how her mother has to wait in line for almost an entire day to cash her check at the bank and how her sister can't even afford anymore and how they are trying to move to America to escape it.

I didn't have to say a word. I just sat there enjoying every second of it. The little victories in life.

The title should read:

Argentina Creates Food Shortage and Starves Citizens to Create False Sense of Financial Security

Doctors recalibrate thermometers to control "spiraling fever"

Blame dead patients on hoarding and gouging.

Plus ca change, plus ca non change. C'est le merde!

dynamite anthrax supreme court white house tea party jihad
======================================
West of 89
a novel of another america
https://www.smashwords.com/books/view/161155#longdescr

I'm Going to College in Argentina Next Year

This is troubling to say the least.

The sad part is that someone I know, who lived in Argentina, said "That's great, now my friends can get good prices on their food." I just shook my head..

The prices will be great.

The prices will be great. That's not the problem.

The problem is that the shelves will be empty.

...

Just courious - what will you

Just courious - what will you be studying in Argentina?
thanks. Keep your dollars they will not lose value as much as the Argentinian currency.

Cyril's picture

LOL

LOL

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Cyril's picture

Sure, "that's great".

Sure, "that's great". Just wonderful. Right. I would have thrown my hands up in the air, or... thrown up.

Yeah, that's great to become a completely dependent BEGGAR on the statists' good will.

I guess using one's memory or thinking more than 2 seconds is "has been" these days.

The cold shower, for some, promises to be REALLY cold.

Indeed.

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Tommorow's headline:

Food shortages develop in Argentina, government blames hoarders.

"Alas! I believe in the virtue of birds. And it only takes a feather for me to die laughing."

Cyril's picture

Expect the same to happen HERE, soon, as well.

The hoarders will be associated with / seen equal to "the riches" anyway.

And savior government will feel compelled to reform and redistribute "more fairly".

Same old, same old.

Expect the same to happen HERE, soon, as well.

Bear.

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Cyril's picture

Pretty much foreseeable.

Pretty much foreseeable.

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Anti-Freeze ~ Pro-Inflation - Richard M Nixon, President, 1971

Anti-Freeze ~ Pro-Inflation Richard M. Nixon, President, 1971.

The Pittsburgh Press. Page of 52 - Oct 6, 1971

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

I'm from Argentina.

We have 26% inflation (http://www.inflacionverdadera.com/) and the government claims it's just "10%".

You should be careful about abolishing the Federal Reserve. Here in Argentina, the Central Bank is controlled by the government and we are in worse shape.
The FED sucks, but if you replace it with congress, everything would get worse.

The only real solution is gold standard and a balanced budget.

i would support a hemp-backed

i would support a hemp-backed and a marijuana-backed currency

lawrence

Sounds like the way we do it here - in America

They tell you the rate is thus and so, when it's really 2-3 times higher..

Most people I talk to are far more intelligent than the Baracco / Joe Bite - me Administration believes...

Hey! That's going to be my new name for Barry Soetero...BARACCO!

Note: I don't want to impugn any or all good Italian - Americans..