Devaluation?

The people of Argentina would have the rug pulled out from under them. Again.

She's probably not far off.

The billion dollar question is.....how to do it without anyone noticing?

Good morning. Grab your socks and drop your c***s! The crash of the petrol dollar is coming, the empire has no clothes as the saying goes. If a person has the means, hard physical specie, gold or silver. The spectre of hyperinflation is a reality here in estado unidos , its the elephant in the room. Economics and the fact an economist is not a true scientist, Larry Summers? Snake oil quackery and psycobabble mumbo jumbo! We're in deep shite.

Quote from Splinter

I can't see hyperinflation hitting the USA, but in Argentina, yes. The figures yesterday confirmed 7.8% last month alone.

Well indeed. The inflation in the US and even in the UK is small fry compared to here. Thing that gets me is the nonchalant way it's accepted here. Probably because It's the norm .

Debt jubilee is in order! Got to admit the various peso iterations are a little/very confusing to follow. MEP vs cueva blue dollar, mayorista vs ofical bank rate? I'd rather barter, which we call black market, give you two nutted nubians and a young sow for two dozen layers. Even through in an old cockrel and a bottle of Malbec!

Gee, I could be interested in that barter you offer, Gary Kipher . But two dozen layers of what? If layers of cake, I could possibly oblige; if layers as in laying hens, I couldn’t help; these days, they are scarcer than (forgive me) hen’s teeth.

Only chickens, I can bake my own cake.

Damn. Was hoping for some bacon.

Bacon, peppered, thick sliced with farm fresh eggs.

🤢🤮. No thanks!

But thin-sliced, crispy (“burned/burnt”) bacon and a stack of sourdough pancakes? Heaven!

Yes crispy bacon, pancakes but pumpkin, butter and maple syrup. Dark roast coffee.

Quote from Bombonera

Despite some economics education I have insufficient idea of the factors at play with devaluation.

But I guess it’s not good.

At least for some

I've had no economics education but I recognise a basket case when I see one.

Quote from Bombonera

And that is the enigmatic nature of this wonderful and beautiful country.

And I almost wouldn’t have it any other way because if it was it wouldn’t be what it is

Indeed. Not sure I'd like the country as much if it was 'normal'.

Ukman, there's a normal country, you big kidder you!