Posted on 05/20/2012 12:35:26 PM PDT by DeaconBenjamin
Per a comment on zero hedge , Argentina has money sniffing dogs at border crossings.. USD cash is exiting for Uruguay.
I tried to buy 500 ordinary One-dollar us coins friday at my credit union. You cannot. They say they do not stock them. They could sell me one $25 roll of wrapped coins for collecting though. Anyone else find this happening? (I want $1.00 coins in case ATMs fail us.
The “experts” who believe that Greece can have a somewhat orderly transition to the Drachma after exiting the EU should read this.
The black market will *explode.*
You probably couldn’t get $2 bills either. The just aren’t worth the trouble stocking in large amounts if no one wants them. Did you try to order some for delivery later?
For some reason, socialists have “pattern agnosia”, lack of pattern recognition, in which they are unable to recognize that their means to ends do not result in those ends, no matter how hard or repetitively they try.
Some of them do recognize that the ends they want have not been achieved, so they blame either a lack of resources, or sabotage, or both, for not achieving those ends. They will not even consider that the means or the process is at fault, or that they inherently cannot achieve the desired ends through those means.
Others will insist that the desired ends have been achieved, despite all evidence to the contrary, to the point of sounding delusional.
The end result is that they are on a continual loop of failure, consuming as many resources as they can in the process, while demanding more, and when they fail, yet again, they ignore the failure and demand to start over in exactly the same way.
Ask not for whom the bell tolls. It'll soon toll for us.
My uncle nearly got caught smuggling diamonds out of some South American country (maybe Brazil) for payment on some industrial equipment when their government refused to allow payment in dollars back in the seventies.
Yes, you would think after Cuba, Detroit, North Korea, California, Greece, Chicago, Argentina, the Soviet Union etc., they would start to get it.
What about precious metals purchasing and smuggling in Argentina or similar places? I have always thought that someone would melt down Pt, Ag or Au (painted) and fashion it into a metal auto part or panel that would be relatively easy to conceal.
500-BOX CHESTER ARTHUR ROLL - P
2012 Chester Arthur Presidential $1 Coin 500-Coin Box, Philadelphia (BL1)
Price: $550.95
Product will be available for shipping 06/15/2012
They should just adopt the US dollar as their official currency.
Argentinian government wants to retain the power to print their own currency so that they can fund their bureaucracy and crony capital enterprises with an inflated currency. Inflation robs savers and profitable enterprises, and that’s just the way the statists want it.
The Argentine economy could not match the productivity gains of the US economy. Argentine exporters found in increasingly difficult to sell in international markets. In other words it failed.
As the Europeans are finding out you have to not only match economic policy but all policies that affect economic performance for a single currency to work.
Obama is turning us more into a banana republic everyday and if the rest of South America can match and improve on the performance of Chile and Brazil we might meet in the middle some day.
I believe it is called Insanity, and Socialist, Progressives, and liberals are all afflicted with the disorder to one degree or another.
ping
Cognitive Dissonance. They are so wrapped up in, and emotionally committed to, their ideology that they can’t even process, let alone accept, the reality of its failure.
Like Goldfinger?
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