The Mudcat Café TM
Thread #43992   Message #696202
Posted By: Escamillo
22-Apr-02 - 11:38 PM
Thread Name: BS: Still alive in Argentina
Subject: RE: BS: Still alive in Argentina
Oh, typos again. I wonder how journalists can miss the figures for so many powers of ten and pretend that people understand their reports.

"Some $60 million remain trapped in deposits because of the banking freeze." should read "$60 billion".

"..cash withdrawals to around $500 a month" could be true for a dollar at 2.30 one month ago, but today at 3.30 it is 363.00 dollars/month. Internal prices have fallen brutally, but later inflated, so 363/month is still insufficient even for a single person.

As I was afraid of, today the small stores announced that they have suspended operations with credit and debit cards. We still can make our purchases at the supermarkets with our debit cards, provided that we do have funds in our banks, if the checks deposited have passed the clearing process before Wednesday 17th. Any check entered since April 18 is indefinitely frozen.

Yes, you're right, this situation is absolutely impossible to withstand, and everybody is now expecting the resignation of Duhalde and the government in full. And the next government, if it is not military, will surely come from the most unexpected political groups, never from the traditional parties. A new Chávez is being gestated ? And what if I tell you that this time it may well be a woman ?? Could women be able to lead us out of the disaster ?

Un abrazo - Andrés (now rushing to prepare a cup of tea for my wife)