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.

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As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story. When he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet. Cam Slater doesn’t do quiet and, as a result, he is a polarising, controversial but highly effective journalist who takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him, you can’t ignore him.

To read Cam’s previous articles click on his name in blue.