Too busy fighting inflation to take the Falklands

Broken arsed useless Argies, no doubt they’ll lose this battle too:

The Argentine government has put a temporary price freeze on all products sold in the country’s main supermarket chains to try to fight inflation.

A group representing two-thirds of Argentina’s supermarkets agreed to keep prices steady until the first of April.

The move comes days after the International Monetary Fund (IMF) censured Argentina for issuing inaccurate economic data.

The government says inflation is below 11% but economists say it is double. 

Analysts have accused Argentina specifically of understating the rate of inflation since 2007 in order to keep interest rate payments on its debt low, and to flatter the political regime.

Some economists think the annual inflation rate could rise as high as 30% this year.

The supermarket agreement covers every item in all of the nation’s largest chains.

They include Walmart, Carrefour, Coto, Jumbo and Disco.

We all know what happens with a price freeze…one of the least pleasant aspect of the Muldoon years. While the Argentinians were losing the battle for the Falkland Islands Robert Muldoon was losing the battle with inflation.

NZ learned its lesson from that battle, the Argies are still struggling with the Falklands and it appears they haven’t read their history books about the economic impact of a price freeze.

 


THANK YOU for being a subscriber. Because of you Whaleoil is going from strength to strength. It is a little known fact that Whaleoil subscribers are better in bed, good looking and highly intelligent. Sometimes all at once! Please Click Here Now to subscribe to an ad-free Whaleoil.

  • Michael

    Mugabe tried fixing prices below the cost of production. First shortage, next famine.

  • ConwayCaptain

    Next thing El Presidenmte del Botox will be handing down pay rises to all and sundry to meet the inflation. Inflation increases and so round and round we go. Next Riots on the streets and El President del Botox puts the Army out. Next the Army decides that only they can run the country hence El Coup Militario.
    Then the Army decided to buy arms etc and re equip the brave Army of the Argentine Republic. Victors of the War of the Desert etc Then Oh we will retake Las Malvinas and her we go again.

    • Gazzaw

      You’re right CC and the Frogs will sell them whatever military hardware they want on tick including white flags which the French army probably order in bulk.

      • ConwayCaptain

        They will buy them from the PRC as they want the grain and Soy and oh yes a nice base overlooking Drake’s Passage where the US and UK Nukes transit from the Pacific to the Atlantic and vice versa.

  • cows4me

    Isn’t amazing how supposedly intelligent people believe the laws of the universe only apply to the rest of the world. God is there anything dumber then politicians who continually repeat the same buckled arsed polices that will never work. Does anyone know if teacher unions run education in Argentina.

  • unsol

    Where’s Margaret Thatcher when you need her eh….

  • Hubbers

    Sound like they need “car-less days” and some good old “think gramde” projects

27%