Living With Nearly 100% Inflation
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- čas přidán 13. 01. 2023
- As inflation in Argentina soared close to 100% in 2022, a 30-year high, people are doing whatever it takes to survive. Some barter online for pantry staples, and others ditch the peso to shield the value of their savings.
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The waffle house has found it's new host
@@nightlite99 so funny and random
After Andrew tate documentry vice feels like vice makes propoganda videos sad i was big fan of vice.
What part of the US is this video from?
Watch VICE?
No I dont waste my time of your lying Leftist crap.
This administration is putting many families in difficult situations. A lot of people are financially struggling to live, put a roof over their head and put food on the table. Things are getting worse these days, if you don't find means of multiplying your money you might wake up a day to realize you didn't plan well for yourself and family.
You're right everyone needs to have different streams of income, as well as a good profitable investment future. Investing part of the monthly salary in a detailed diversified investment portfolio in the financial markets is needed to survive.
I'm surprised someone mentioned here, a friend told me of her good works toward investment last month, l decided to start with $4000, l'm glad my profits hit $16,300 in few weeks, seeking for coin's investment is indeed profitable. All thanks to Margaret Johnson Arndt
@@MarkFreeman-xi3rk I'm in dire need of an investment advisor, how do I reach the mentioned Margaret?
Well you can find more information about her online by simply searching her name.
This is really helpful to my situation!! Thanks, I will search her immediately with the provided name, I'll give her a head start of $3,500, to start building my retirement savings account.
Inflation hits people a lot harder than a crashing stock or housing market as it directly affects people's cost of living that people immediately feel the impact of. It's not surprising negative market sentiment is so high now. We really need help to survive in this Economy.
I think I could really use more guidance to navigate the market, it is completely overwhelming, I've liquidated most of my assets and I could really use some advice on what best to invest into.
Your best option if you are unfamiliar with the markets is to seek advice or help from a consultant or investing coach. I know it sounds simple or generic, but talking to a consultant helped me stay afloat in the market and increase my portfolio to roughly 65% since January. For me, it's the best method to enter the market right now.
@@hermanramos7092 please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them?
@@Oly_laura My consultant is‘’Catherine Morrison Evans’’ I found her on a CNBC interview where she was featured and reached out to her afterwards. She has since provide entry and exit points on the securities I focus on. You can look her up online if you care supervision. I basically follow her trade pattern and haven't regretted doing so.
@@hermanramos7092 Thanks for sharing, I just liquidated some of my funds to invest in the stock market, I will need every help I can get.
Inflation, bank collapse, severe drought in the agricultural belt, recession, food shortages, diesel fuel and heating oil shortages, baby formula shortages, available automobile shortages and prices, the price of living place.
It has never been simpler to grasp how to expand your wealth than it is right now, thanks to the availability of competent portfolio advisors that can help you experience and learn about a market with a wide range of assets. I think it's impossible to predict how changing dollar values will affect assets.
Yes, I have been in touch with a CFP ever since the outbreak. Today, investing in hot stocks is quite easy; the difficult part is deciding when to buy and sell. With an initial starting reserve of $80k, my adviser chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?.
Sonya lee Mitchell is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
As an Argentinian I can say that living with this inflation rate it's very distressing. Knowing that every time you are sleeping your money is getting weaker and weaker.
Can i ask you something? Who did you vote for last election? Do you regret it?
@@din3832 I really lose faith in all politicians ages ago, but last election I voted the actual government (Fernandez)because I thought that it couldn't be worse than Macri (pro), big mistake.
And here we are in a country were inflation rate last year was almost a 100%.
just pull yourself up by your boostraps lmao
@@TWzi_QOd9E7fAYcKiT im in a country where anyone i vote would not change much of how the corrupts works in the gov body. its not your fault, you only vote who you believe will make better situation
@@din3832 they probably regret the last 10 elections. Argentina is the gop school of thought. In argentina it's the top .01 percent that own all
With inflation running at a four-decade high, the Recession is now the ‘most likely outcome for the economy and I cannot imagine being a victim of circumstances. My portfolio suffered a big hit, holding it further won’t be any good. I've heard of people netting hundreds of thousands this red season. How can I ensure this?
I agree with you. I overheard someone talking about how a couple made $200k during this red season but it’s risky except you’re being guided by a pro.
@@ThomasHeintz I need guidance so i can salvage my portfolio due to the massive dips and come up with better strategies. How can i reach this advsor?
@@ThomasHeintz I just looked up Laura Marie Ray online and researched her accreditation. She seem very proficient, I wrote her detailing my Fin-market goals.
Literal bots 💀
Dawg this is for Argentina 💀. Bots can't even check if the video is about the US
I'm not kidding when I say that the market crash and high inflation have me really stressed out and worried about retirement. I've been in the red for a while now and although people say these crisis has it perks, I'm losing my mind but I get it Investing is a long-term game, so focus on the long run.
I can’t focus on the long run when I should be retiring in 3years, you see I’ve got good companies in my portfolio and a good amount invested, but my profit has been stalling, does it mean this recession/unstable market doesn’t provide any calculated risk opportunities to make profit?
There are a lot of strategies to make tongue wetting profit especially in a down market, but such sophisticated trades can only be carried out by proper market experts
There is no long run. Have long term food properly stored and an excess of whatever you need most, including heirloom seeds and protection.
You have under two years to prepare.
Take the advice or leave it, however, most people are clueless as to what's coming.
are you real Riggs or a bot?
@@Alpacabowl98 he is a bot bruv
As a Zimbabwean whose country went through 1000% inflation i understand their frustration, living in a failing economy is one of the most challenging things you can go through especially when you have a family to support, be strong and keep hustling you will get through this 💪🏾
Thanks!
Thank you brother 🤗
They got internet in Zimbabwe?
@@anandchundi6805 I don’t know if this is a terrible joke or if you are genuinely asking but this is quite an ignorant question. Why would Zimbabwe not have internet ?
@@anandchundi6805 Not everyone has access to it but of course there is internet there.
After a horrendous 2022, shell-stunned financial backers have misfortunes to recover and a lot to consider, as an expansion report and a pile of different information did close to nothing to change assumptions that the Central bank would probably keep climbing interest rates regardless of whether the economy dials back, And that implies more red ink for portfolios for the principal quarter of year 2023. How might I benefit from the ongoing unstable market, I'm currently at a junction choosing if to exchange my $250k security/stock portfolio
Centre around two key targets. In the first place, remain safeguarded by realising when to offer stocks to cut misfortunes and catch benefits. Second, get ready to benefit when the market turns around. I suggest you look for the direction a representative or monetary consultant.
@@jetkastrokdova >In-fact, ever since coronavirus I've been in regular conversation with financial examiners. Nowadays, buying moving stocks is quite easy; the trick is knowing when to buy and when to sell. The section and leave orders for my portfolio are made by my counsel. accumulated more than $550,000 from a $150,000 savings that was initially stale.
@@margaritasbunny Thats true, I've been getting assisted by a FA for almost a year now, I started out with less than $200K and I'm just $19,000 short of half a million in profit.
@@micheallancelot Mind sharing info on the adviser who assisted you? been saving for pension since age 18 - company scheme. along the way I hit higher tax, so I added to my company pension with a SIPP (tax benefits) I'm 46 now and would love to grow my finance more aggressively, there are a few cars I still wish to drive, a few mega holidays, etc.
@@MarthaDavis-fh6cw It would be a very innovative suggestion to look out for Financial Advisors like “CHARLOTTE ANNE MCCONELL” who can help shape up your portfolio. Trying times are ahead, and good personal financial management will be very important to weather the storm
Inflation depreciates idle money. I'm in a privileged position to be able to save almost 65% of our net household income, as I placed it on safer investments. The key for us was not spending beyond our means. If you invest and have other sources of income outside of dividends then you will be able to live off dividends. Got north of $200K in my portfolio as I bought a lot of dividend stocks before, I'm buying more now, and I will buy more when it drops further
We are currently in the jaws of the worst bear markets I have seen, the average stock has been cut in half, and the only way to make money this year has been to either short or to trade long in very short time frames. I'm still at a crossroads deciding if to liquidate my dipping $117k stock portfolio, what’s the best way to take advantage of this bear market?
@@Christine-ce4xo Wall Street pitched so-called quality stocks with high profitability and low debt, as a kind of insurance against whatever the economy might throw at you. Quality stocks have underperformed the S&P500 this year
We must consider safer investments with promising returns in order to plan for the future. If you approach investing with a five-year perspective and simply DCA whenever you receive a check. Under the direction of my investment advisor, "Deborah Jean Dykstra", whose expertise in portfolio diversification is unsurpassed and client-focused, my portfolio has gained almost $643k since January 2022.
@@NancyFranciss out of curiosity I did read about Deborah on the web.,she has a great resume.
Try prospering slightly in Argentina without the government getting more than half of it
I live in Argentina, its so hard to make a living here. My employer has started paying me in Mexican pesos as they're more stable and still somewhat accepted in my area. I trade the pesos for USD to barter and trade at local shops. Meats and eggs can easily cost a days work for just a few eggs or a couple pounds of low grade ground beef.
The peso in Mexico is a strong currency right now , AMLO did what nobody else did in Latin America, not take IMF loans .
@@july9566 AMLO had nothing to do with it, here in México we have something called "Central bank of México" and its job it's to preserve the value of the mexican peso (As well as some other things of course) this bank is completely autonomous from the goverment, as a matter of fact if the goverment wants to ask for a loan they have to go through the central bank of mexico, if there is a green light there is also a caveat... they (Central Bank of Mexico) are the ones who say how much they can ask for a loan.
Also, they did ask for a loan back in May 19 to the IMF, and again in 2020.
So do different places accept different currencies?
@@MsMonster128 Mexico also has a freer economy compared to Argentina which taxes imports excessively and has trouble exporting as well.
@@MsMonster128
El banco de México no es completamente independiente, es el senado el que asigna los puestos de la junta directiva del banco
It's hard to predict the future until we see this month’s inflation results. However, historical data consistently show that stocks tend to outperform bonds in the long term. Therefore, I'm staying in the market and focusing on selecting high-quality stocks. The challenge lies in identifying these stocks.
Staying in touch with a financial advisor was my effective strategy. During the pandemic, I outperformed the market, earning about $200k in four months. Its been a remarkable few years for me with my advisor .
I wholeheartedly agree, which is why I choose to delegate my daily investment decisions to a coach. Their specialised knowledge, research, and risk management skills make it challenging for them to underperform. They focus on utilising risk for its asymmetrical potential while mitigating downsides. I've been with my investment coach for over two years and have earned over a quarter-million dollars.
My portfolio has been underperforming recently, and I'm considering a strategy change with the help of a coach. Is it possible to get in touch with your coach?
My CFA, Stacey Lee Decker, is highly esteemed for her proficiency and deep expertise in the financial market. She possesses an in-depth knowledge of portfolio diversification and is considered an authority in this field.
Fascinating. I'm currently on her webpage, conducting my research. She appears to be quite skilled. I've sent her an email and scheduled a phone call.
External causes are frequently the cause of recession, and it seems that the US dollar's status as the federal reserve currency is waning.
It appears that a new multilateral world order is on the horizon as a result of a declining capacity to control inflation and a decline in stock and oil trading.
It's important to keep in mind that investing is a zero-sum game with both good and bad days. However, by spending and investing wisely and diversifying your holdings, you can minimise risks and maximise gains. Hiring a knowledgeable investment advisor with a wide range of options can help you achieve this and leave little room for regrets.
I personally worked with an investment advisor to diversify my $401k portfolio across multiple markets, resulting in over $980k in net profit from high dividend yielding stocks.
With the right guidance, you too can make informed investment decisions and achieve your financial goals.
@@henryCliffordJames She is Julie Anne Hoover, my consultant. Since then, she has devoted section and leave attention to safeguards that I have been keeping an eye out for. You can locate information about the chief online, on the off chance that you're interested. I made no regrets about substantially adhering to their exchange strategy.
@@marcelrobert9569 Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
cope
Love to Argentina 🇦🇷 from Venezuela🇻🇪 I hope we can both get out of our economic crisis
JAJAJAJAJAJAJA SUENOS
I just left Argentina five days ago and this report is pretty accurate.
@Bif Stiff In some parts of Argentina more than 60% of the work force receives a government salary. Many are what are called ñoquis.
@@josephbailey4463 Government salary its like 150USD they aint giving 50k a year
THere must be a lot of hoaders. I use to buy up tens of thousands of cases of whisky in the mid to late 1970's.
@@nofiltersenzafiltro9596 I have visited those "trabajadores publicos" for decades.Most times they are not in the office in working hours ( drinking mate/ a shopping visit nearby/ in other part of the city due to a private business).The only exception were the health workers...if they had done the same everyone will be death in the hospital.
@@inesdamonteines3985 ¡Ni hablar de los ñoquis!
Latin America is constantly suffering because of government mistreatment. Some try to deny it and act like everything will somehow come together, but it won't. We all are struggling, but we stand tall for our loved ones as always. Mucha fuerza para mis compas Argentinos y toda mi gente latina. 🙏🏻
Y no hablo desde un privilegio, vivo en un ranchito en el norte de México. Peleando por sobrevivir siempre.
South American should break up into smaller countries.
Let not act like the only victim here the whole world is a victim not just latin america, be greatful to stoll have cars and houses and some food in africa they already living in the street and eating anything to not die
It is VICE in Argentina....stop being a VICTIM ALL THE TIME!
@@an_gigycoahuila, allende?
As an Argentinian myself I can’t say I am not concerned about the country I live in. For as long as I can remember the huge economic crisis has always been a big issue: poverty, inflation and corruption have destroyed a society turning it into a resentful and selfish one where you can only live one day at a time. Yes it is a daily battle but it does make you stronger.
yet the Kirchner party is still 2nd in the election pools 😂
They literally create poor, so they can help them and get re-elected 🤷♂️
Hang in there little man.
I'm an Argentinian, and watching this is really depressing, I dunno how we're gonna get through this. I work and study in this country and i must say that sometimes the only option you're left with is keeping your faith and hope by your side and thinking in an optimistic way😅
@@ad75S8 I haven't lost all my hopes yet💪 I have a job and every once in a while I barter. Unfortunately, I don't have a garden... I guess you asked if I had one BC if I had, I could barter there, right? 🤔
When you vote in Marxists who you knew were evil, this is what you get. It's not rocket science.
Who did you vote for last election? Do you regret it?
What can someone like me in USA do to help you? Please reply if u see this.
These are the kind of educated immigrants that the US needs!
Investing in alternative income streams that are independent of the government should be the top priority for everyone right now. especially given the global economic crisis we are currently experiencing. Stocks, gold, silver, and virtual currencies are still attractive investments at the moment
Very true! I've been able to scale from $350K to $650K this red season because my FA figured out Defensive strategies to protect my portfolio and profit from this roller coaster market
Trying times are ahead, and good personal financial management will be very important to weather the storm. It would be very a innovative suggestion to look out for Financial Advisors like "Jennifer Aaron Marcontell , who can help shape up your portfolio.
@@PhilipMurray251 Jennifer really seem to know her stuff. I found her website, read through her resume, educational background, qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I booked a session with her
The problem is that if you struggle every month to get your basic needs satisfied, is not easy to save some money to invest
@@Severino_Radic right.
I've been living in Argentina since 1997. I was here in 2001 when we had our "worst crisis", but things now are horrible. Literally prices rise by the week. I don't see how they're going to fix this, if everything doesn't collapse first.
¿De dónde sos amigo?
@@luciano2003.de EEUU.
Sound money like silver and gold with no central bank.
but you won worldcup innnit
@@boredlife Where are you from?
With markets tumbling, inflation soaring, the Fed imposing large interest-rate hike, while treasury yields are rising rapidly-which means more red ink for portfolios this quarter. How can I profit from the current volatile market, I'm still at a crossroads deciding if to liquidate my $125k bond/stocck portfolio
The market is volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
@Jane Viella wow ,that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio.
I just looked up the broker you suggested on Google and I'm incredibly impressed with her credentials,so thank you for sharing. I scheduled a phone call with her.
So obvious all of these accounts are owned by the same person lol
@@parabellum_69yep
I have been aware of such actions coming up 2023 and I have been advising alot of friends to be able to plan. their life when the inflation seem to be coming but I'm so glad how few of them have really obliged to follow up my advice and his everyone should try to start a profitable business that can yield for a life time
I'm so sad I tend to ignore the advice a friend gave to me earlier on if I can see a profitable business that can yield for a life or years either I don't mind giving it's a shot
The rate unemployment and the laying off workers is really a sign of self dependence
Wow I'm just shocked you mentioned expert Mrs Ava Kimberly thought I'm the only one trading with her.. >>•
@Jedda Anthony Mrs Ava Kimberly is my professional assistant and financial advisor, I have been trading with her for 8 months now… I’ve really made over $200,000 from her strategies in trading of cryptocurrencies.
How reliable and efficient are her services? Know this question may seem out of place, but this is what I look for in a portfolio manager or broker.
Some Brexiters have seized on the headline that Japan's inflation is the worst in over 40 years to try and deflect from the UK's own failings. But context is everything! Since 2010.... -- Japanese inflation: 8.8%. -- UK inflation: 41.7% (Japan's current inflation rate? 3.7%) My primary concern is how to maximize my savings/retirement fund of about £70k which has been sitting duck since forever with zero to no gains.
A strategy to protect against inflation is through the U.S stock market, especially the S&P500 & various ETFs. Investors must know where to put their money and how to distribute it in order to protect it against inflation while still making a profit, especially during a recession.
@@Curbalnk Since the U.S. dollar is stronger than it has ever been, I believe that the impact of a rise or fall in the value of the dollar on investments can take many different forms. However, learning how to grow your money has never been simpler than it is right now because you can use a successful investment advisor to explore and experience a truly diverse market passively.
The US Stock Market had been on its longest bull run in history when you zoom out and look at the charts, so even if we are not used to such problematic markets with a minor carnage, the widespread hysteria and terror are understandable. However, if you know where to search, there are possibilities everywhere; with the aid of an investment advisor, In the previous 10 months, by shorting the market, I was able to make $260k off of it.
@@Shultz4334 That's impressive, my portfolio have been tanking all year, tried learning new strategies to gain in the current market but all of that flew right over head, please would you mind recommending the invt-adviser you're using?
@@velayuthman I have "HEATHER ANN CHRISTENSEN" as my investment advisor. She has a solid reputation in her field and is a true genius when it comes to diversified portfolios, which help portfolios be less vulnerable to market downturns. She may be a name you are already familiar with; a Newsweek piece helped me to do so. She's a Google-able person.
I keep on telling my American wife that what we're going through it's nothing compared to other countries. Good to see a documentary on this. Vamos Argentina, vos podes con todo!!!!
Alberto Fernandez nos ayude
Brother once that inflation hits, you start working literally for vegetables, meet and basic necessities. Your landlord would just have to accept trays of eggs as down payment for rent. When the bug showed up, things in Turkey went down but things are slowly recovering. I have debt neck high and slowly but surely I am clearing them bit by bit
@@charlesmendez4686 Which part of Türkiye are you in? Stop spreading misinformation bruh.
@@czarthy mersin, u?
@@charlesmendez4686 Hayat pahalılığının aşırı yüksek olduğu bir gerçek, evet. Fakat ''kiracınız, kira peşinatı olarak birkaç koli yumurtayı kabul etmek zorunda kalabiliyor'' demek absürt.
(''When the bug showed up'' derken neyi kastettin orayı anlamadım)
Doğma büyüme Kocaeli'de yaşıyorum.
Whats "funny" (in a depressive kind of way) is that to many argentinians this has always been this way. Im 24 and have lived with economic inflation all my life, so to me it is "normal" for prices to double or triple in the span of a short couple years, if not less. To think of living in a place where prices stay about the same and you dont always feel like everything is always so expensive seems crazy to me, because this has always been my life. Even if you're middle class and have a decent life you always feel like the country's economy is constantly on fire and things could go awful bad any minute.
At this point honestly I dont even care about "stopping inflation", I don't bother to try and understand the root cause of our economic problems because it all seems so complex and prevalent it feels like its no use. I just hope for us to find a way to fix things so that no person here has to go to bed hungry...
Watch Hidden Secrets of Money. It will teach you who is robbing you of a chance at a decent standard of living.
How can you fix anything without knowing the root cause of the problem?
@@1c1pal we are not all economists, the best the average citizen can do is try to compare the different parties' proposals. I'm 23, I also lived my whole life like this, I remember buying ice cream for 1 or 2ars, the same that today is around 200ars. We can only hope that someone has the answer, and is able to apply it.
I always say that living in Argentina is an extreme sport. We never know what will happen from one day to the next.
so playing football is easy one. no wonder Messi is so good 😂
Brother please visit Pakistan
We say here that we should get award to service in Pakistan
@@cforsee3801 what
I left Argentina 9 years ago. Seeing those chocolates going from around 1 peso to now nearly 100 pesos is just bonkers...
But HEY they got 3 soccer world cups right? The people need to shift their focus onto something that actually matters
I'm Brazilian and the inflation in Argentina is a sad reality. First time I've been there was in 2016 and I remember using a 100 pesos bill to pay my entire lunch (dish, beverage and dessert), then I came back last year, in 2022, and you can't aford an alfajor with only 100 pesos.
Lula will help Argentina with million dollars
@@hugodaniel8975 well, If you're Argentinian, I'm sorry for this situation, watch out for your vote this year. Idiots who speak loud tend to be bad choices. If you're Brazilian, just get a life.
Yep, back in 2016 I paid about $3.500 ars for college monthly fee, now Im paying about $44.000
@@felipingus tão bonito e tão nervoso
@@hugodaniel8975 😏
Starting early is the best way of getting ahead to build wealth..The stock market/crypto market has plenty of opportunities to earn a decent payout, with the right skills and proper understanding of how the market works.
Courage taught me: that no matter how bad a crisis gets, any sound investment will eventually pay off
You are so right. I know because my advisor is able to find so many good plays.
@@anniezeng4587 How can i reach this FA, so i don’t make mistakes that’s going to cost be alot.
@@evitasmith6218
Eleanor Annette Eckhaus, is the advisor; you can look her up online; she's well-known, I’ve been investing with her for a while now and I’ve raised over a million dollar in portfolio profit from an initial capital of roughly 240K
Bots replying to bots
Don't get me wrong, I know the economy is in shambles and in order to break even and make profit, we have to ride it out until stock recovery, but how are some folks in the same stock market as me still able to pull off substantial profits of as much as 650K within months, what am I doing wrong?
You're not doing anything wrong, you just don't have the required skillset to profit off a down market, folks that are making profit in this market are pros and experts with in-depth knowledge and skillset.
That's amazing! My portfolio has taken a severe hit, so I could really use their knowledge. Who is the one directing you?
We are appreciative of this Pointer. Finding your handler was simple; she appears to be knowledgeable and adaptable. I scheduled a call with her.
Scam don't fall for it
@@AFRoSHEENT3ARCMICHAEL69 you mean that totally natural, non-bot conversation is a scaaaam?
The way I see this recession most likely has an external cause. The United States is losing influence as a federal currency for the first time in decades. They don’t have any economies to utilize or control their inflation, and less money is being spent on stock and oil trading than previously. They all lend credence to the hypothesis that a new multilateral world order may be in the works.
But the professionals are still crushing it right now because they have both the necessary approach to pull off a profit in the market plus access to insider market knowledge that isn’t made public.
I curiously made a research of his full names after reading what you shared, I came across his web-page online. My portfolio suffered a big hit, holding it further won’t be any good. I’ve heard of people netting hundreds of thousands this red season I’m really glad to see this…
That’s true! To succeed the financial market, you must review and put into consideration the dynamics of your trading assets prior investing. Analysis based on research is vital which is why I recommend investing with a professional if you don’t know the basics.
As a Puerto Rican, I tend to always think that my country is the only Latin country going through hardships, and I tend to over romanticize the other ones. This has really opened my eyes. My heart breaks for them, and I realize that I should be more grateful 😢
suena como si dijeras que vivimos en haiti xd, somos pobres pero no taaaanto
@@juanignaciohidalgo6722 no te lo crees ni vos
Uh, yeah? Latin America, with the exception of Chile, and maybe Uruguay, and the wealthier cities of the other countries, is a fucking shithole. What would make you think otherwise, lol
@@juanignaciohidalgo6722 solo porque les va peor a otros no quiere decir que debamos calmarnos y tomar nuestros problemas propios con menos seriedad, ya que eso atrasa la posible reparación e incluso empeora las cosas.
@@themaxterz0169 no estoy diciendo que el pais no esta mal porque claramente lo esta, digo que no esta tan mal como para que el corazon se te rompa por el pueblo argentino y toda su miseria
I know Argentina quite well, or at least I can say I know it well compared to the average European. The problem of inflation has been there for a very long time, and the only one who had somehow managed to stop it was the economy minister of the Menem government in the 1990s, namely Domigo Cavallo. However, he had solved it with a forced peso/dollar parity, which destroyed the country's economy and led to its default in the early 2000s. So a cure worse than the disease, and if I mention this person many Argentines will have unpleasant memories.
I have come to the conclusion that the inflation problem in Argentina is also due to psychological factors. In my opinion in Argentina there is a sort of disconnection between the true value of things and their price. Even here in Europe (and in Italy) this year we have had an inflation we haven't seen for a long time, but if I go to the supermarket I know more or less how much apples must cost, and if someone tries to sell them to me at €5 a kilo I'll leave them on the shelf (in Italy a normal variety of apple never costs more than €2 a kilo). I have the impression that this has been lost in Argentina, because when inflation becomes endemic you end up accepting everything. And so inflation practically feeds itself. And I am not saying that this is the only cause, but one of the main perhaps yes.
You tell me (especially people from Argentina) if I have said something right or wrong. Thanks!
One of many reasons Europe has low inflation is due to demographics and age pyramid. The majority of retired people do not consume as much, therefore it's easier to control the demand side of inflation. That in turn brings many other problems: how to grow the economy with old people, who will pay for retirement of all those people and so on. Argentina on the other hand has a very healthy age pyramid with a ton of young people and children. They consume and spend, so demand remains always strong.
Not all countries in Europe have this demographic problem. France, Ireland, the UK, Sweden, Switzerland have healthy population pyramids and they manage to keep prices stable or raise salaries as inflation goes up, even with big foreign debts.
@@garedmorort average salary in the UK hasn’t risen significantly over the past 20 years. The cost of housing and general cost of living has more than doubled.
Bitcoin fixes this
@@stefan2serbI agree, the UK is going sideways but is due to Brexit
The Argentina problem is a good example how things could go bad. The inflation is just the thing on surface, and the real reason is the currency rate and the pension. Systematically manipulating currency rate will reduce the pension liability of the government significantly, and inflation is just the result of such manipulation.
not to mention peronist governments keep trying to freeze and do price control every year and it just kicks the ball forward
@@LeonardoTheMomo siempre aparece el loro argentum, el ave mas boluda del continente
This is nothing compared to what is on the horizon for all of us, considering how volatile international markets are now, esp with my country (USA) trying to fend off default with more spending on an already outrageous deficit of 31 trillion.
Nothing but love to the Argentine people. Please please keep going keep fighting. You will get through this worldwide pandemic. Please understand that the world cares about you and you are not forgotten. I stayed in Argentina for three months many years ago and fell in love with the people and the culture. Argentina is a amazing country.
Also a racist country
A lot of folks have been going on about a January rally and said stocks that would be experiencing significant growth these new year season, any idea which stocks this may be? I just sold my home in the Boca Grande area and I’m looking to remunerate a lump sum into the stock market before stocks rebound, is this a good time to buy or no?
yes, transportation, e-commerce among other sectors are expected to experience growth, but who knows, the market has been a basket of surprises.
@Lloyd Bernard True, we’re only just an information away from amassing wealth, I know alot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this coach that guides yo help?
@Lloyd Bernard How can I touch base with JILL MARIE CAROLL? what are her services like? is she verifiable? do you think she can help me, I live in Canada.
Makes sense why that World Cup was such a big thing to celebrate, not much else to celebrate otherwise...
Winning the World Cup is a huge stress reliever for any country with a moment of euphoria. 😊
Even if Argentina has the best economy in the world the world cup will still be a big thing,the country has a strong football culture.
Was very important for many people here, its like taking a quick breath when you are drowning in the sea, it brought joy
Only Messi's leg insurance money can save Argentina.
As a Brazilian I'm pretty ambiguous about that. The military regime in my country heavily capitalized on 1970 WC win. Hailed by many as the greatest national team ever but before the tournament the situation was so horrendous at one point they hilariously handed the coaching spot to a sports journalist (it went like "This team sucks!" "Oh really? How about YOU taking the helm?" "We... well, su... sure why not?") Ultimately the squadron clicked in Mexico and as they say the rest is history but that victory obscured a lot of our reality and boosted the dictatorship for another decade. But in the end it's all afterthoughts...
it’s growing impossible around the world to succeed.
My dad lives in Argentina and he definitely says that things are rough over there and the value of the money is trash. It’s pretty sad.
What if your dad owned gold and silver
Or bitcoin
Given the current state of the economy, I've noticed that my portfolio has been stagnant this year despite having invested in good companies. I have a reserve of approximately $700k that I'd like to see grow. Does anyone have any suggestions for how I can adjust my investment strategy in light of the recession to improve my portfolio's performance? I appreciate any insights or advice you can share.
@@nakostores wow! that's stirring. Please leave the information to your FA, I need it
That's my licensed FA and you can easily look her up, Thank me later!
@@nakostores Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance.
@@DennisMcKerley She's actually a genuis! Been working with her since last year and i have zero regrets!
at first i went "wow asking yt for financial advice?" and cackled, opened the comments and im so surprised and delighted to see legit answers. i lost my savings due to cancer treatment and lost several jobs due to covid and riots (the pharmacy i worked for got burned to the ground) i also take care of my 74 year old father who is currently a cancer patient, again...for the 4th time. ive just only recently been able to be maybe half as physical as i was prior to cancer myself and its been such a bother/panic attack thinking "how am i ever going to build myself back up to a decent point of my life financially" while i had days which i considered productive if i had the energy to take a shower for myself but now that i can actually potentially handle a full time job; with the right work and schedule and due to my fathers health slowly starting to improve... i cant wait to be back in a position to invest and feel like i have a future in my hands again. thank you for the question and solid advice fellas. feels good to see theres some decent people on here. hope the best for you Dennis!
we have a similar issue here in turkey, in fact our inflation rate has been kinda battling with argentina for a while. I hope both us and argentinians can get out of this mess as soon as possible.
You will not as long as Erdogan is the dictator in Turkey.
Hope is not a plan
@@oggamer735 he will go
Thank you bro. Hope you guys rise too.
@@firstlast8258 same issue in Pakistan
Is there a part 2 I’m missing? Feels like it was cut short
yes there is, but only a few can access it
nobody knows who these few are
Why isn't global media covering this. It's a country in crisis having 100% inflation is crazy. I wish Argentine's all the best in getting through this uncertain time. My heart goes out to all citizens and families living paycheck to paycheck. May you get through this and come out stronger.
Get Bitcoin. Hold your wealth in Bitcoin. DONE! Inflation don't matter to you anymore.
@@btdoe3259 lol
lmao,even
Because it's Argentina. Hearing the country has high inflation is like hearing the water is wet or the grass is green.
@@N12015 Exactly! Travelled there in 2008 and nothing has changed since....
Argentina has a history of high inflation due to various factors such as political instability, excessive government spending, and monetary policy mismanagement. The government has a history of printing money to finance its spending, which leads to an increase in the money supply and a decrease in the value of the currency, causing inflation. Additionally, the country has experienced frequent devaluations of its currency, which also contributes to inflation by increasing the cost of imported goods. Political instability and uncertainty can also lead to inflation, as investors become less willing to invest in the country, causing a decrease in foreign investment and a decrease in the value of the currency.
Sounds like the US got a hold of Argentinas playbook
In short, corruption is a big factor in the current dwindling of the Argentine economy
I was in Argentina 3 years ago, when inflation was at 50% and the economy had already been dollarized. This has happened to numerous Latin American countries: Ecuador, El Salvador, and Venezuela. Loose conditions from the Fed staved off the collapse. The reprieve is over. The Fed is burying weak currencies with tight financial policy.
The economy has been dollarized since the 90s the local currency is just monopoly money
When the dollar crashes or will be ten X worse inside the USA
@@wearetheremnants1615 leftards has been having wet dreams about that since forever, never happened and the IMF won't let that happen either
0⁰
@Repent and believe in Jesus Christ Bot.
The path to the American dream is no longer available. Back then, the average college student paid $9,438 in tuition to obtain a degree. Students are now required to pay nearly $30,000. The median home price in 1980 was $47,200. Now, If you want your dream home, you'll have to pay $385,000. A new car would have cost you $7,000 at the time, but it now costs $49,507. What steps in this quantitative adjustment can we take to generate more income?
@@GarrettDills YES. They provide a wide range of risk tolerance, assist you in avoiding their mistakes, and provide a big picture of the investment area you've chosen. I made a net profit of £550k while working with an investment advisor, which is roughly ten times my average.
@@ThormanBoucher That is really impressive. This year, I'd like to make a financial change as well. What is the name of your investment advisor, and how can I confirm this person? There are many scammers and too good to be true schemes out there.
@@ThormanBoucher Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
The answer is your subconscious mind. Consciousness is currency! What happens when everyone gets wind of stocks and side hustles? You want your Higher Power to be your Source. Not anything on earth or anything man made to be your Source.
fucking bots as always
As a Pakistani i can feel the frustration of Argentinian people
Here in my country inflation is high
banks are giving loan at 17 percent government is corrupt and people are dying because of terrorism .floods etc
Best wishes to Argentina and Pakistan because it is going to even more difficult in future because of corruption
Get Bitcoin. Hold your wealth in Bitcoin. DONE! Inflation don't matter to you anymore.
@@btdoe3259 bitcoin is by no means reliable, look how much its worth has dropped in the last months
You are really trying to compare Argentina to fucking Pakistan HAHAHAHAHA
I want to sincerely congratulate and thank everyone who worked on this news report. I'm argentinian, and this is the one the best reports I've watched so far. It shows the reality and struggles of the medium and lower class that the government doesn't want to show the world. Thank you so much for your work!!
Agradezco que difundan lo que vivimos en Argentina. 😊
I appreciate how reasonable Lilliana Arrieta is. No unreasonable demands and no preferential treatment associated with partisanship, just simply letting the government know, in the best way she can, that the problem is serious.
I wish Argentinians the best of luck!
Bitcoin fixes this
Reasonable? You are not from argentina are you? All those people "protesting" aren't workers, they are demanding free money from the government, they don't work, they also aren't asking for jobs either, they are just demanding free money. Keep in mind these people have never contributed to a pensión or social security fund. They get free money from the government so the government has yo print money to give it to them which causes even more inflation. They are there every day bloking the street, stoping people that actually work from working.
@@Kosme88 you realize you are spewing very basic propaganda designed to turn you against your fellow man rather than to collectively address the problems you face, right?
Are they not buying Russian Oil?
They can move to Europe where there's less inflation
as a turkish citizen i understand you most fellow argentinians.. keep safe
As Pakistani I can understand their pain because of stupid government corruption only citizen have to suffer the inflation. people have to work twice just to feed their family and richer are getting richer...
I'm originally from Argentina, I've been living in USA for 20 years, but I can tell you a few things about the beautiful Argentina:
1--The previous government wasn't " a right wing" as described in this program, it was moderate center,
2--The current government keeps on printing money creating inflation out of control and also the previous government
3-- The people protesting asking for more money , the majority of them don't work but asking for forever money without any conditions, for example try to find a job within certain amount of time. Some of this protesters are 4th generation of unemployed. The current government motivates them to continue depending on "their money" (which is collected from the people who work and pay taxes to support these unemployed groups) The way the government sees it, these groups will be futures votes, without any care that they are actually impoverish the country and forcing to young generations to emigrate to try to find better futures
4--Think of Mercado Libre, comparable to the Amazon of latin America, it was created in Argentina, because Argentina keeps taxing over what was already tax, and the unions operates like mafias, a business can't continue growing, for that reason, Mercado Libre move to Uruguay, a normal country that provides a good legal system and the warranties for a business to profit. Many international companies fled the country
with current government.
5--The vice president was recently found guilty to defraud the country in previous years, and she is still in power
6--Corruption
7--Much more....
There are several factors why the economy is one of the worse in the world, but the biggest factors is fracture of the country, it is too ideologically divided.
This channel is pure poopooganda and they love to throw around the “right wing” comments bcz we all need to fear right wing so the left wing money printing corrupt people can rule over us….. 🤢
Argentinian living in NY. I can attest that this is extremely accurate. I also raised an eyebrow when they talked about the previous administration as “right wing”.
Che Sho no se porque argentina está mal. Sho pienso que tenéis que dejar imprimir plata che
The Overton window has shifted so far left that anything even slightly right of far left is seen as far right now.
Brazil is basically the same thing. These populist, left wings wannabe welfare state parties and governments that run south america, are basically the same in Argentina, Brazil, Uruguay, Chile and some other countries that had some kind of prosperity. They grew when they created a horde of dumb, lazy and poor people. They got in power with the old socialist democratic speech, and than they undermined everything that was against them. Sadly, this thing is happening everywhere.
es muy difícil lo que está pasando en Argentina, está colapsando todo.
les mando buena vibra ojalá todo mejore
Semoga anda bisa bertahan.
Ojalá que los trabajadores ganarían
No va a mejorar nada
Pues el gobierno peronista no puede parar de imprimir pesos sin ningún respaldo
Para mantener a su circo de las ayudas o empleados
Voten a Milei el tiene una propuesta para salvarlos
Yo solamente voy a decir algo... Muuuuuchaaaaachhhooooos!!!!
Looks like the brazilians who come from "Jungles" are doing better than European Argentina 👍😂
Mala jajaja😂
it breaks my heart seeing this story. We also have the same sentiments/ experience here in the Philippines. It is truly hard to stretch out your meager income over the sky rocketing prices of our basic commodities😥
si BBM may kasalan kung si leni lang nanalo di sana ganyan sa buong mundo
@@paigebooks6419 😅🤣ok
Philippines isn't bad like this. I live in Makati
What's happening in Argentina is way worse than what we have in PH. We're still lucky.
They have it worst. Okay pa dito satin.
Despite that headache-inducing inflation, Argentina is still managing to avoid the fate that befell Sri Lanka and Venezuela. With prices nearly doubling, daily survival becomes a challenge.
Dales tiempo papu. Ya nos están alcanzando...
I am from India and i wish that the argentina get rid of this crisis as soon as possible and appeal to the world to let off the hook this ongoing crisis.
Right now financial security should be at the top of everyone's priority list. Learn how to invest in the stock market and manage your money. Put everything you've got into it. When I received my first paycheck, I knew I needed to invest. I never imagined that a few hundred dollars per month would add up. However, it is. I've earned around $600,000 since 2020.
Hi, Argentine here! Your logic is correct, but I'm afraid most people in this country might never be able to apply it. When people are exchanging clothes for food it's quite clear investing is not a possibility, let alone a thought in their minds. Here it's a day by day thing, a will I be able to feed my children tomorrow kind of reality. Other countries with quality of life and financial stability seem alien to us, with lives so different from ours it's not easy to relate to, and I'm guessing the feeling can go both ways. It saddens me to say we got used to not thinking about the future and planning very far ahead, and many of us just don't have the means to get out of this rock and a hard place life we're stuck in. "You can do anything you set your mind to" is a phrase one hears often, and although I understand the good intention behind it, it falls apart when you can only live to survive. If you ever come here you might only see the touristic places and neighborhoods, where government makes it a priority to make it look like nothing bad is happening. If you walk a little further you'll see a different reality. Just giving u my view of things from here 😔
Nobody asked or cares. That’s not a lot of money btw I make that in one year just from my job.
@@mattyboy999 Nobody asked or cares about you either.
wow totally believable guys, good job😂
It sickens me how all of these financial scams proliferate on subjects like this. Seriously, it's a video about people being crushed by economic problems and runaway inflation. People are struggling to eat.
Yet this is the video you choose to try to scam vulnerable people out of whatever you can get from them. You have no soul. The sad thing is, those who fall for these scams will be the ones who can't afford to lose money. You prey on the poor, the financially illiterate, and the elderly.
This is what happens when corruption runs your country.
#bitcoin fixes this
This is what happens when socialism and leftists runs a country
@@btcberg3615 hah, yea definitely no issues with unregulated currency 🙄
Are they not buying Russian Oil?
@@btcberg3615its fiat its backed by nothing
How the hell did country that just won the World Cup be so broke wtf is the government doing with the money they must be corrupt 🤦🏿♂️ 🤦🏿♂️🤦🏿♂️🤦🏿♂️ stay strong Argentina 🇦🇷
Mostly players won the World Cup....they don't live in Argentina....since lots of years.
At the end of the day football is just a 1 and a half hour of entertainment for common people. It is nothing more than a festival of some sorts.
It's just a game to keep people distracted and so that the people can forget real world issues and concentrate on things that have nothing to do with their lives.
20 years of socialism
A crash in the stock or real estate markets has less of an immediate impact on people's standard of living than inflation or currency devaluation. That the market is so negative at the moment shouldn't be shocking. If we are to survive in this economy, we need assistance right away. The ETF and stock markets are still quite volatile, just like the property market. Now all that's left of my $370K portfolio is ruins.
Many people are still getting fantastic returns on their investments during this time. Simply maintain a strong sense of reality or ask for professional assistance.
I prefer to seek the advice of financial consultants when making my daily investment decisions, especially since their expertise is focused on short- and long-term holdings for profit realisation and because of their specific research, it is almost difficult for them to underperform. I've been investing with my consultant for just over two years, and during that time we have already generated sizeable net profits.
I've shuffled through investment consultants and yes, they can be positively impactful to an individual's portfolio, but do your due diligence to find a coach with grit, one that withstood the 08' crash. For me, ‘’Salvatore Fortunato Sofia” turned out to be better and smarter than all the consultant I ever worked with till date, I’ve never met anyone with as much conviction.
It was easy locating your coach's webpage by looking up her name online. Did my due diligence on her before scheduling a phone call to use her services. She seems proficient considering her resume.
Thank goodness that people in Argentina are helping each other, bartering and being active in the shadow economy. They help each other get by. I have visited Argentina several times and will be back, because the people are friendly and kind. They know how to enjoy the simple things in life.
This feels like a foreshadowing of the Turkish economy. I hope Argentina recovers from this crisis fast and becomes more robust than ever. I wish the same for Turkey but unfortunately, it ain't bring adequate policies. All my regards and love from Türkiye
This is why crypto will explode on day. Many have more faith in crypto over their own government keeping the local currency strong. Some governments are only interested in adding to inflation which is my point.
Tons of people do not trust crypto at all but bitcoin has better odds to go up in value than any paper currency.
Exactly what is going on in Zimbabwe.
I remember 8 years ago when we considered that 25% was high inflation...
I didn't get paid one week and it felt terrible, not being able to cover food expenses or transportation. Now living that for many days weeks and even months.... Hope they can gain the stability they need...
Get Bitcoin. Hold your wealth in Bitcoin. DONE! Inflation don't matter to you anymore.
Argentina has such parallels with Zimbabwe. Our inflation is probably around 400% and the government has been fighting to curb it for years but to no avail. People now use the dollar as often as possible because its the best store of value.
Gold is the best store of value
I've been to Argentina twice and still didn't see everything. Great country and nice people. It's unfortunate what's happening there.
Hope Javier Milei brings some change
Aagaya chatukar
Why was the video cut?
In Brazil, we've gone through this but inequality is still a major problem and of course a low minimum wage.
Even before clicking on this video I knew it would be about Argentina, lol
Argentina siempre en mi corazón. ❤
Watched this happen to Ecuador. The Sucre plummeted and the government pulled the emergency cord of dollarization, specifically the US Dollar. To this day they haven't reestablished a local currency and are now favorite destination of foreign retirees so spend their money without conversion. Interesting tidbit, Ecuadorian use and circulate those dollar coins that Americans largely forgot, pretty regularly.
I moved to Argentina because I couldn't afford living in USA anymore.
I understand it is very hard to make ends meet for many locals. I live a lifestyle that can help the few that I interact with. Although I'm far from wealthy I try to be generous when I'm out and about.
It is very cheap to live here in comparison to United States.
cheap relative to what though. wouldn't it only be cheaper if u got paid in USD? or do you mean argentina has high volatility but it's still easy to buy basic things.
I assume you are paid in dollars?
@@JewTube001 regardless people still have a higher quality of life here in Argentina. They make it happen.
@@Pedrojerico you assumed wrong! And getting paid in dollars wouldn't change anything if your wage is poor. I have friends that earn in PESOS and assessed Millions of dollars. Heck people own their homes here, in USA most people are in debt.
@@EXPATditions including things like rent (or mortgage?), what is your total expenses each month? i’ve always wondered how well i’d fare in a cheaper country, but i feel like i’d need an income while i’m there and i have no idea what that would be unless i worked online.
9:17 I never thought about this kind of effect, probably a good topic to ask store clerks
Wish the best for argentina🖤
🇦🇷 The problem in my country is that there’s NOBODY willing to put an end to the overspend, nobody wants to get their hands dirty because every administration is thinking about the next election, so everybody does whatever it takes to allow the same issue going on, with different recipes: increasing taxes, taking debt, or by printing money. Until there’s an elected official willing to do something despite of the next elections result, this chronic issue will continue unsolved. As we usually say, “Nobody wants to put the rattle on the cat”.
Sounds like the USA….. we are like Argentina but on steroids
@@shellwirtful Lol, someone needs to evict your ass to Argentina. You'd be begging to come back quickly. Life here isn't the doom and gloom you keep whinging about in this comments section.
@@aidancollins1591 lol Aiden Collins, I've lived in Peru many years. I was referring to the money printing.... US is still ok but it's not gonna last. Btw I freaking love Argentina, I'd live there no problem, it's easy when you are a wealthy westerner....
@@shellwirtful i feel sorry for you, guys… (and for us as well, ‘cause when United States explodes, the whole world will suffer the consequences)
@@shellwirtful “it’s easy when you’re a wealthy westerner”: ¡GRAN VERDAD!👏 👏 👏 the same I said weeks ago when occasionally met on the train 2 pretty European girls saying they enjoy living here (while me and so many other countrymen are emigrating due to the lack of present & future in 🇦🇷 😔).
It reminds me of Venezuela. 😢
#Bitcoin fixes this
Really?
Btc is deflationary
philippines too, the price of 1 kilo onion is higher than the minimum wage.
Inflation, bank collapse, severe drought in the agricultural belt, recession, food shortages, diesel fuel and heating oil shortages, baby formula shortages, available automobile shortages and prices, the price of living place. It's all coming together and it could lead to a real disaster towards the end of this year (or sooner). With inflation currently at about 6%, my primary concern is how to maximize my savings/retirement fund of about $300k which has been sitting duck since forever with zero to no gains.
I agree. I have pulled in more than $435k since 2020 through my advisor. It pays off more in the long run to just pick quality stocks and ride with those stocks.
@Brilliantrans My Financial adviser is ‘’Christine Jane Mclean’’ she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market
The fact that the federal reserve note is the world reserve currency means the United States, particularly the US government, directly benefits whenever there is a currency crisis in other nations.
This is because people start exchanging their local currency for dollars thus creating an artificial demand on the supply of dollars. That artificially increases the value of US currency and lowers inflation in America.
If/When we lose that status... Man we are F*ed!!
Argentinas currency problems are cause 100% by Argentina, look at its history and its own policies. It's not a worldwide Federal Reserve conspiracy, and no technically speaking it doesn't benefit the U.S. so much.
The US benefits, but you have to remember the US economy is $25.7 trillion 25% of the world Total meaning any benefit from these countries means absolutely nothing on a grand scale.
@@seanthe100 Yeah but overall money moving from weak currencies to the dollar increases the value of the dollar against other currencies
"Dollar milkshake theory"
Success is not built on success. It's built on failure, it's built on frustration, it's built on fear that you have to overcome. I pray that whoever reads this will succeed in life, a big hug from Vietnam.
This is what happens when you prioritise your national football team over economy.
there's zero correlation between those two things
This is crazy...in my country Ghana, the currency keeps losing value everyday
Great interviews, Natalie. The people are having a tough time, to say the least!
No way
In Poland inflation is almost 50 % food gas flat rent etc official figures are lower but who believes them ?
Yes, the official "gov" rate is 185 ARS but, when you buy dollars in Argentina from a National bank (IF YOU'RE EVEN ELIGIBLE FOR THAT), this is, legally and rightfully you get taxed by the government with a 35% and a 40% tax so in total a 75% more money for taxes.
Let's say you buy 5,40 US dollars. That would cost you 1000 pesos. To that, you gotta add the taxes which are 40% so 400 ARS and 35% so 350 ARS.
If you sum all that up (1000 + 400 + 350) you will end up paying 1750 for those five dollars.
Now divide those pesos by those dollars 1750/5,40 and the result is 324. Meaning you just payed 1 dollar for 324 ARS.
So the official rate doesn't mean that's the actual price you pay.
When it comes to eligibility, you can't buy dollars if you have made any purchases abroad on a trip. You'll have to wait perhaps three months till you become eligible again.
If you ARE eligible, congrats! you can buy a maximum of 200 USD a month! Which means the rest of your money will devalue and will serve for nothing.
what on earth is wrong with argentinas government and how do people settle for that
@@jzjzjzj Mostly corruption. Everything is corrupted. Half of the population is against the current government but the other half doesn't really understand the damage that has been done. Us, people who actually think, do not see a bright future for our country. We're seeking homes elsewhere.
Don't cry for me Argentina . Dont worry I will not
These are the moments I wish I could just send things that are easily obtainable to another country for people who say they are struggling to do it but then it becomes I'm not rich I can't send them a little lifeline and then they're expecting to be reliant on me to continue helping them and I can't afford to do. dang even when you're considered middle class and you still still feels too poor to help other people. I'm probably teo missed paychecks away from the street. There are way too many excessively wealthy people in the world for anybody on this planet to be struggling even just a little bit and it just blows my mind to think about
in places like philippines they use a thing called Gcash, which can be sent thru walmarts money website. it goes to their phone, and they send it to people who are selling things at the lil sara sara stores.
Hahahah do you really thinks this is a representation of what living in argentina is? How people still believe in vice. For instance inflation rate was almost 100% but the salaries went up to almost 90% and in some industries like transport and commerce they get a 110% raise. Argentina produce a lot of food, can provide food for 200 millions while being only 47
Respectfully, thats really not a solution like in Latin America its not thats there is not sugar or milk, you go to the supermarket and everything is in thr shelf so what people need are economic solutions even when money is sent of course it helps but its not that impacful like the problems are of another nature.
Not to worry, they still have 'stuff'. Just looking at this video it seems everything still chug on. No riots, clean street, electricity, bustling business, people still drive (meaning they still have money to buy petrol, very expensive commodity) etc.
Send them intelligence and bravery, that's all mismanaged countries need.
We need to do a report about inflation in the USA. It's out of hand and a lot of families and young adults are struggling right now.
What inflation? It is only 6%, according to the government.
hey're not going to tell us the truth! Those sky high prices are coming from somewhere! The raise to social security was a joke to me. I'm glad I know how to live during it. No I can't splurge but I have an apt, heat, food, so I consider that more important for now
In the U.S. (where I’ve lived ny entire life), the impact of inflation on Americans is in the news/reported every day. By nearly every reputable news outlet. There are reports and documentaries of this everywhere.
@@vanessawilliams4432 lol all form of government lies I think USA position is good compare to other countries
Fucking eggs are through the roof!!!!!
Printing money then price control, two things that always fks up inflation.
How about house prices and housing loans?
Richer are become richer and the poor are getting poorer:: the middle class is screwed…. 😢
Argentina never really had a middle class to begin with.
Every corner of the world suffering from this Venezuela, turkey, Iran, Zimbabwe, Sri Lanka.... How long before those sci fi future movies come true and society collapses?
#Bitcoin fixes this
More than 60% of people in Argentina are of Italian descent, a lot could probably ask for italian citizenship if they can provide proofs regarding an Italian anchestor maybe asking the state.
This will give them also access to the EU.
this is the same way I used to make a few extra bucks when I was a teenager living in Mexico, back in the 80'S Mexico was in the same situation as Argentina is right now.. the banks would not sell USD afraid they would ran out of it... Horrible times in Mexico...
The report is true, but this isn’t everyone’s reality. There’s still plenty of Argentinians that are doing just fine, like in any other country. It’s not a small minority of privileged people, it’s a big portion of our country. We’ve learnt to live with such a high inflation after so many years. People with regular jobs usually get “raises” every couple of months, the salaries get adjusted for inflation periodically, so you get to live a rather normal life. The video only showed the poorer people in Argentina, who have historically lived like this (just how the poor have always struggled in the US, Europe or anywhere else). If you visit a shopping mall in Argentina you’ll see that it’s packed with people, same thing with the restaurants. We are currently on summer so the coastal cities where the beaches are are full of tourists. Tens of thousands of Argentinians cross the Brazilian border every day to go on vacation there. So yeah, the situation is not idyllic, but it’s not like everyone is poor and can’t make ends meet.
sangrás por la herida
Liar
@@sanchezramos7603 I guess you didn’t get the cost of living raise.
This is one of the most dumb and cynical takes I saw in my life. Most than half of the country's population live under the poverty line. The shopping mall's are full of privileged people and tourists, most people find joy only in social relationships and the sharing of their struggle and anxiety. The only conversations you can have are almost every time about the depression that brings with the "only for survival" lifestyles most people have to adopt. The needs and lacks we argentinians are going through are toxic for any mind. All you said just shows how little is the bubble you live in. MOST argentinians aren't doing just fine. Fucking learn to empathize.
@@editorrbr2107 yes i did, everyone “suffered” from products and services getting more and more expensive. But people with jobs at companies also got raises. For example, my sister works at a call center for a local bank. And trust me, it’s a shitty job, but it is what works for her while she’s on college. And about a year ago she got paid around 45k pesos per month. Right now she’s being paid a bit over 90k and is expecting to get a raise of over 20% in the following 2 months. Inflation over that same period was of around 96%. So yeah, it’s not like she’s making more money than she used to make. Her purchasing power remained rather the same.
We have really strong workers unions in Argentina (for better and for worse) so generally the wages are risen according to inflation, or at least they try to do that. Its not perfect, but it allows for a lot of us to keep going with our day to day lives.
And a job at a call center is just that, a shitty job that pays badly and you do when you just begin, while you are studying or doing something else. If you plan on keeping that job for life, then good luck. But don’t complain about not being able to afford to live as you’d like. It’s like planning a career at a McDonalds or a supermarket. Of course not everyone starts life in the same situation, but there are ways of getting what you want. In general, college graduates in Argentina get pretty decent wages (not as good as in Europe or the US) but it allows them to live a middle or upper-middle class life. Which means going on holidays, paying for a good private school, owning one or two cars, etc.
Idk, in my opinion this is similar to what happens everywhere else. Except here we are used to live with inflation, we have long ago accepted it as part of life. While in other places people don’t know how to work around it. And it makes sense, it’s not like in Argentina where almost everyone gets a “raise” to adjust for inflation. And neither are people used to seeing the prices of basic things like milk, eggs, flour and meet rise every month.