Friday, February 8, 2013

Prediction confirmed, Argentina experiencing double-digit inflation.

In March of 2012 I made a blog post calling their central bank president a lunatic ( This may have seen harsh, but my prediction of inflation there has now been fully confirmed as they are now experiencing double-digit inflation and the government is instituting price controls! See this video here from MoneyBags73, who cites multiple sources:

The Argentine Peso is now trading 1:5 against the US Dollar when it used to be closer to 1:3.  Its pitiful what misguided cenrtal bankers like Mercedes Marco del Pont do to their own countries.  I don't know enough about how that bank is governed so say whether she is the main culprit, or if there is board or committee that sets the monetary policy.  But at the end of the day, a woman who claimed printing money does not create inflation was made the head of the bank, which shows "the inmates are running the assylum" in Argentina.