How Argentines Live With Inflation 

Venezuela is exactly the same.

I visited twice as well, but it was back in 2006-2007. Things weren't as bad then. I wonder what happened.

is it save there ? how is prostitution like ? are girl's selling there bodies for money ? asking for a friend btw

​​@@putler965 those were the years of clear sky after a big storm. A few years before (2001-2002) we had one of the biggest crisis in all our history (maybe the biggest one). We had a big debt and a fiscal deficit impossible to pay. On this period we had about 6 presidents. And One of them, Duhalde made a big economic downsizing mainly based on a huge devaluation of the Peso, destroying the convertibility monetary system installed un 1991. In short, he made a big cut of the salary of all argentinians in a week, just using the devaluation as instrument. And then after, we also had lucky, there was a big commodity boom that benefited the country with all the dollars we needed. So... what happened... The Kirchner (2003-2015), they squandered all the adjustment made in 2002-2003, all the money generated during the commodity Boom and what remained, they stole it. Inflation returned with them, they increased the size of the state to crazy levels (nowadays, hallf or more of registered employment depends directly or indirectly on the government), and they also did their best to generate a patronage network dedicated to capturing poor people and making them dependent on a decentralized but well-organized structure that we could call social movements. Basically, we currently have 1, almost 2 generations of people who learned and were indoctrinated to believe that its their "human right" to receive a pay check (or an useless job) from the State without any consideration. Of course, now we dont have that commodity boom, and poverty keeps growing, which means, we need to print money to pay all this (debt market is marginal or directly closed to us, except for institutions like the IMF or Word Bank). How this ends... Almost 100% inflation in the last 12 months. And lets see what happens this 2023. Should I also mention that most children in the country are poor and never finish highschool? Yeah, future looks grim.

@@putler965 Peronism and Kirchnerism happened

I will pray for you but you guys will do fine.

@@vsthewrld6061 Nah dude, things aren't fine. xD

@@vsthewrld6061 people have already begun to die due to lack of imported medicines. we are far from fine

We have 7 percent inflation in India.

You cannot use help from God if you have the Kirchners and fake opposition ruining the country while you have criminals destroying the streets during the World Cup victory... You deserve missery.

YES EXACTLY I moved to the city so I can just use a bicycle and I feel free free free now! No gas money needed

Just by reading your comment I know you don't live in Argentina. If you did, you'd know half the things you just said aren't possible.

​@buttfok8952 Had people in Argentina done this when times are good, they wouldn't be struggling. These tips can be applied anywhere as long as you have access to the resources needed. It's called prepping you all could have prepared during the good times for the bad times. I've been pushing this on the internet for decades but people keep saying no it wil never happen. Yall thought the good times would last which blinded you. Willing ignorance happens and is happened all over the world we all want to believe good times last even though we know they won't.

It is, I was just there. It has a very European feel, but unfortunately feels run down-the country's problems have severely increased this I think in recent years. the inflation is completely terrible. People line up at the main black market chain, pago fácil, to exchange their ars for anything but - while I was doing the opposite. Gvt allows $200 to be exchanged per person at the fake exchange rate they dictate-then people profiteering off that get involved - gvt also has confiscated people's usd accounts and forced them to convert at the fake rate - instantly stealing half their money. Basic economics would tell you this only severely exacerbates the problem but they continually elect the worst politicians. When I arrived last week, a monster energy drink was 400 ars. When I left yesterday, it was 450. Canned goods were in short supply everywhere, though fresh meat was easy to buy. Chile, Uruguay and Brasil, all of which neighbor, have had fairly stable currencies. I think part of it is also mindset, because I knew any money I didn't spend would lose a lot of purchasing power - so any banknotes I kept were just for tokens. The highest valued one, 1000 ars, is about $2.50 currently. Such a complex, yet simple issue to fix it seems.

@@brendansmith7842 oh, that's sad ;-;

It is worse now... So sad because it looks a bit different than drug heavy or terrorist type countries like in Brazil or Islamic countries.

Yeah. Thats basic economy. People will get rid of quickly things that lose value. From one day to the next you can lose half of your purchasing power

💜💜

Salam temu dari negara jiran 🇲🇾

What you mention it's irrelevant. Inflation it's inflation; same causes, same consequences for the people.

The difference is about 2 years

The US rating is obviously inaccurate. It should be junk status too since its mathematically impossible to pay back the govt debt.

US rating is actually AA+. One step below the highest rating of AAA. If you want to live in a country with a AAA credit rating you'd need to move to Canada.

Who do they owe money to

Mar del Plata great ❤️! Western Union es very clever; i' m a tour guide and most of the people when they arrive daesn't have any idea about the 2 dollars and the big diference. Yesterday i have my first client in years, that told me, he have to go to wester union for his money.

¿Por qué vendrías a vivir a este país tan caótico?

@@luciano2003. the expats don’t have to work so they go there

@@luciano2003. cobrando en dólares americanos u otra moneda extranjera fuerte, todo se vuelve menos caótico

@@Gruñón92 No, no lo es. Te lo digo yo que soy argentino y conozco bien la situación de mi país.

Japan is world engineer still today. And USA economy is strong.

Estoy de acuerdo, pero es la única forma de protegernos contra la inflación, se tenemos ahorros tenemos que comprar dólares o gastarlos antes que se devaluen, por ejemplo si tengo 3 millones de pesos y me alcansa para comprar un automovil, si dejo pasar un año con una inflación del 60 %, ya no me alcansa ni para pagar la mitad del auto.

In Japan, when I was born, a can of coke 30 years ago was 100 yen. They increased tax sometime and it’s now 110 yen even today 2023. (Approximately a dollar) the wage hasn’t increased at all. the inflation last year was 3%. why there is no inflation in Japan if it’s that manipulated and if everyone is buying dollar and the Bank of Japan has no money?? Why nothing goes up like Argentina?

Despite all its problems it is a wonderful place to visit.

Because the argentine state is corrupt and socialist very close to a failed state. They took the pandemic and the quarantine as an excuse for expropriation. Basically every political party is a puppet to the Kirchners that have power since 2 decades ago. The institutions are failing. The main "opposition" to the government is a fake one, the previous president said openly that he is a peronist and it's related to a very dark period of facism of socialism in Argentina, the kirchners are peronists as well.

There’s a Presidential candidate who is an Economist and wants to do that.

We will

Because then Argentina would not be able to print its own currency, which it needs to do everyday to survive. This is what happened to Greece. They adopted the Euro, and they had a strong currency for a short time and life was good. But then Greece could not print the Euro, and the Greek economy was not strong enough to earn Euros by exporting goods. By 2008 it was a total collapse and people could not pay for food, electricity, etc.

buy bitcoins

You invest/have on hand various currencies and items of monetary value such as physical forms of gold/silver and have items put away for barter.

USD isn't the only currency out there - as others have said in the video, they can also purchase Euros. There are other, more stable currencies as well.

Cash is never a store of value, and neither is Bitcoin or gold. Value is derived from assets like stocks or real estate/land, preferably those that are cash-flow positive.

@@FahadShah822 I´m Argentine and it´s easier to get dollars than euros, at least in my city. Dollars are more popular.

Yeah I agree. I also find it mad that they're selling pesos for dollars furthering the depreciation of pesos.

The dollar is anything but a hard currency. It's printed and debased like all the rest of them.

​@@ABESW0RLDalthough it's worsening the current situation, it also helps them individually by buying dollars. They are able to preserve the value of their savings or earnings but those who couldn't afford to buy dollars get into a deeper mud 😞

The politician too lazy to strength their basic economic. Just rely on other country. Total lost

Nah. That is masochism, literally during the World Cup victory, a lot of criminals were on the streets destroying stuff almost like BLM movements from New York. The government is involved and interested on the country being destroyed.

Lmao it got the situation worse now the I inflation past 100%

@@Raulc713 LMAO wow really? That's fucking funny! They must be in terrible conditions HAHAHAAHAHAHAHA

No.

not legal but it is done, most will accept. the rate may be vary though

@Bella Delphino obviously they adjust prices to match inflation, however it's never enough to fight it. The dollar will always be ahead of the game. If the chicken went up 30%, the dollar already went up in value the same amount probably the day before. You're better off just buying pesos instead of paying with dollars in places.

@Bella Delphino in terms of buying "2 chickens tomorrow", it's not that exaggerated, you won't buy double the things from one day to the next. That sort of currency crisis takes a couple of years to develop

They are survivor

😲 hiperinflación, ¿como hacen para vivir?

They should change it to Bitcoin

They make then hostages with "free" money

most likely, obviously

40 or 50 k you can get a studio apartment or 2 spaces in capital federal (depends of the zone)

No, unfortunately. Here most of the people do not own a house. And if you rent one, the price for a month is more than minimum wage

@@fabriciojavier You don’t get anything for that money in Buenos Aires. I recently bought an apartment in the City, so I know.

@@nataliam9764 buenos Aires city? Or buenos aires? The city it's more expensive obviously, but in Gran buenos aires you can afford a less expensive apartment, all depends when you are looking for

Out of the ashes and into the fire. The Chinese is not nice creditors. Particulary so when you do not have a sustainable economy, your credit rating are at the bottom of the scale, and you have little more than increasingly worthless pesos, natural resources and food products to offer them in downpayment.

Tell this to someone in Pakistan LMAO what an idiotic thing to say.

Been there done that. Ask the President at the time, Carlos Menim why he lives in Chile today instead of Argentina? For all practical purposes, Argentina is already dollarised. It just won’t admit it. Prices in Argentina respond to the value of the ARS against the dollar and of course, the annual inflation. When the corrupt collect their bribes, they expect them to be in dollars. Many internal transactions (esp in real estate) take place in dollars. Argentines apperently have some US$50 billion (yes billion… thousand millions) in cash dollars squirreled away in safety deposit boxes, mattresses, and plastic bags thrown over convent walls at midnight.

Sadly, it doesn't works like that. The inflation is due to emitting cash so the amount of pesos in the country rises and their value decreases, is like a non-stopping machine, the government uses the pesos to pay the deficit. So as long as the politicians keep on emitting cash there is no escape.

@@ThemasterG330 The ponzi scheme. 🤦‍♂🤦‍♂Seems like governments are attempting the takeover of the peasants.

LMAO you are terrible at finance and economics. LMMFAO! hahahahahhahahahahahahahahha

Deflation is impossible for now since only a small percentage of the population are able to save and buy dollars while most people tend to quickly spend their money to buy important stuff as the inflation rises, which is also worsening the inflation hike.

Nobody believes in bitcoin any longer except of those heavily invested in it and refusing to admit that they fell for their own greed

Too unstable and volatile.

Yeah right, follow the venezuelans. LOL

is this a shitpost?

Don't be shocked if U.S. Democrats follow this path. They are deliberately destroying America and many educated (young) people believe in this path...it's nuts. And it's not like they don't see the timeline of Venezuela's destruction on every social media platform. All the information is out there.

@@BloodyxNL Exactly! How else may we enjoy the libtard paradise? For The People!

@Somptuosité Candle That's not a problem. Just vote for inflation to go away. Via la Venezuela! Vote for free money. Vote for free food. Vote for free gas. Vote for free medicine. Vote for free TV. Vote for free boob jobs. FOR THE PEOPLE!

Maybe they only selected people who spoke English?

You know that Argentina is an ironic name? Spaniards wanted to find silver in the river called Rio de la Plata, wich is rich in all kind of minerals, except for silver