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Argentina to Hike Interest Rates to 75% as Inflation Nears 100%

 
javierruizleon
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09/16/2022 06:42 AM
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Argentina to Hike Interest Rates to 75% as Inflation Nears 100%
[link to finance.yahoo.com (secure)]

"The move comes a day after data showed consumer prices jumped nearly 79% a year in August, the fastest pace in 30 years. It was the bank’s ninth rate hike this year."
Genesis-Acts,Hebrews-Revelation to, you know who
Romans-Philemon to the Church
Mid-Acts Pauline Dispensational Right Division
Anonymous Coward
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09/16/2022 09:40 AM
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Re: Argentina to Hike Interest Rates to 75% as Inflation Nears 100%
What a basket case of a country. They could have been as prosperous as the US at its best. Unfortunately they doubled down on socialist stupidity and just won't let it go. The US is headed down the same road now. We will all get to experience trickle up poverty
Happy in Nature
the earth laughs in flowers

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09/16/2022 09:50 AM

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Re: Argentina to Hike Interest Rates to 75% as Inflation Nears 100%
What a basket case of a country. They could have been as prosperous as the US at its best. Unfortunately they doubled down on socialist stupidity and just won't let it go. The US is headed down the same road now. We will all get to experience trickle up poverty
 Quoting: Anonymous Coward 24828515


It was the IMF, World Bank and CIA that fucked over the country.
Dr. Feelgood

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09/16/2022 09:55 AM
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Re: Argentina to Hike Interest Rates to 75% as Inflation Nears 100%
Can anyone explain to me in laymen's terms how inflation rate is calculated?

They seem rather full of shit to me the way they say US has 10% inflation when everything I see is twice as much as last year, some shit is multiple times as expensive.
Check out this thread for important statistics which have showed (since early summer 2021) that Covid “Vaccine” is more likely to KILL YOU than save you:

Thread: COVID JAB statistically more likely to KILL YOU per official CDC DATA. You’re 3.87x more likely to die from the Pfizer vax than save your life!!
Anonymous Coward
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09/16/2022 10:03 AM
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Re: Argentina to Hike Interest Rates to 75% as Inflation Nears 100%
Can anyone explain to me in laymen's terms how inflation rate is calculated?

They seem rather full of shit to me the way they say US has 10% inflation when everything I see is twice as much as last year, some shit is multiple times as expensive.
 Quoting: Dr. Feelgood


Look up "Hedonics", It is trickery and a way for them to cheat the numbers. The Inflation rate like all economic data has become political and anything political becomes BS!
Anonymous Coward
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Brazil
09/16/2022 10:07 AM
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Re: Argentina to Hike Interest Rates to 75% as Inflation Nears 100%
What a basket case of a country. They could have been as prosperous as the US at its best. Unfortunately they doubled down on socialist stupidity and just won't let it go. The US is headed down the same road now. We will all get to experience trickle up poverty
 Quoting: Anonymous Coward 24828515


Don't throw stones while in a glass house. America will be down just as much before you know it.
Anonymous Coward
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09/16/2022 10:09 AM
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Re: Argentina to Hike Interest Rates to 75% as Inflation Nears 100%
Can anyone explain to me in laymen's terms how inflation rate is calculated?

They seem rather full of shit to me the way they say US has 10% inflation when everything I see is twice as much as last year, some shit is multiple times as expensive.
 Quoting: Dr. Feelgood


Look up "Hedonics", It is trickery and a way for them to cheat the numbers. The Inflation rate like all economic data has become political and anything political becomes BS!
 Quoting: Anonymous Coward 84130631


HESRIGHT
Anonymous Coward
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United States
09/16/2022 10:13 AM
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Re: Argentina to Hike Interest Rates to 75% as Inflation Nears 100%
Can anyone explain to me in laymen's terms how inflation rate is calculated?

They seem rather full of shit to me the way they say US has 10% inflation when everything I see is twice as much as last year, some shit is multiple times as expensive.
 Quoting: Dr. Feelgood


Argentina is publishing it's real inflation rate. The U.S. lies. the U.S. is about the same as Argentina.

Lumber came back down to about only 50% higher than before KoVid. , hardware is still 300% higher. Steel 200% higher.

Food 80% higher.

yah. it's fkd. all lies. call in the klowns
Anonymous Coward
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09/16/2022 10:14 AM
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Re: Argentina to Hike Interest Rates to 75% as Inflation Nears 100%
...coming to America.
Reality
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Canada
09/16/2022 10:17 AM
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Re: Argentina to Hike Interest Rates to 75% as Inflation Nears 100%
[link to finance.yahoo.com (secure)]

"The move comes a day after data showed consumer prices jumped nearly 79% a year in August, the fastest pace in 30 years. It was the bank’s ninth rate hike this year."
 Quoting: javierruizleon


Interest is the growth rate of money.

The inflation rate of money.

Let’s say the money supply is 1 Dollar and if the interest or inflation rate is 5% per year then after a year the money supply will inflate to 1.05%

Ok so now let’s say inflation is a problem.

What do you do to stop the inflation?

The current way you all think is the right way is by raising the inflation rate of the money supply.

Let’s say by doubling interest rates to 10%

Now after a year the 1.05 inflates to 1.115.

How does increasing the inflation rate of the money supply stop inflation?

They do not think you all dumb.

No no no no no not at all.

The know you all are dumb.
Hahahelboy

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South Africa
09/16/2022 10:24 AM

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Re: Argentina to Hike Interest Rates to 75% as Inflation Nears 100%
What a basket case of a country. They could have been as prosperous as the US at its best. Unfortunately they doubled down on socialist stupidity and just won't let it go. The US is headed down the same road now. We will all get to experience trickle up poverty
 Quoting: Anonymous Coward 24828515


Don't throw stones while in a glass house. America will be down just as much before you know it.
 Quoting: Anonymous Coward 55994706


I wonder how many Americans would lose their homes to Blackrock when their interest rates get hiked to 75%

You will own nothing.

Don't think it's not coming.
"I have no special talent. I am only passionately curious."
Happy in Nature
the earth laughs in flowers

User ID: 81071993
United States
09/16/2022 10:26 AM

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Re: Argentina to Hike Interest Rates to 75% as Inflation Nears 100%
What a basket case of a country. They could have been as prosperous as the US at its best. Unfortunately they doubled down on socialist stupidity and just won't let it go. The US is headed down the same road now. We will all get to experience trickle up poverty
 Quoting: Anonymous Coward 24828515


Don't throw stones while in a glass house. America will be down just as much before you know it.
 Quoting: Anonymous Coward 55994706


I wonder how many Americans would lose their homes to Blackrock when their interest rates get hiked to 75%

You will own nothing.

Don't think it's not coming.
 Quoting: Hahahelboy


For all those who think they cannot possibly repossess millions of homes, Blackroach and Vanguard will take legal possession and turn off the utilities so no one can squat in their homes.
Anonymous Coward
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Canada
09/16/2022 10:29 AM
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Re: Argentina to Hike Interest Rates to 75% as Inflation Nears 100%
Can anyone explain to me in laymen's terms how inflation rate is calculated?

They seem rather full of shit to me the way they say US has 10% inflation when everything I see is twice as much as last year, some shit is multiple times as expensive.
 Quoting: Dr. Feelgood


I just saw that a box of Nabisco Saltine Crackers is over $5. That's insane!
Anonymous Coward
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09/16/2022 10:59 AM
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Re: Argentina to Hike Interest Rates to 75% as Inflation Nears 100%
Can anyone explain to me in laymen's terms how inflation rate is calculated?

They seem rather full of shit to me the way they say US has 10% inflation when everything I see is twice as much as last year, some shit is multiple times as expensive.
 Quoting: Dr. Feelgood


This is the problem. I know that the Chapwood Index keeps track of cost of living inflation in the US pretty accurately as does Shadow Stats.

But the Austrian School of Economics keeps it simple. They define inflation as the increase in the monetary base. So that means .gov deficit spending. Which, over the past 80 years or so has been at least 8.5% annually.
Anonymous Coward
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United States
09/16/2022 11:17 AM
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Re: Argentina to Hike Interest Rates to 75% as Inflation Nears 100%
Can anyone explain to me in laymen's terms how inflation rate is calculated?

They seem rather full of shit to me the way they say US has 10% inflation when everything I see is twice as much as last year, some shit is multiple times as expensive.
 Quoting: Dr. Feelgood


I just saw that a box of Nabisco Saltine Crackers is over $5. That's insane!
 Quoting: Anonymous Coward 84119115


They are 2.99 at Target. You people are being dramatic. Prices have gone up a bit but not like you are making it out to be. I go shopping all the time and I would say prices are up about 10 to 15 percent. That's what happens when you start paying everyone that's complaining more money when thaters a labor shortage it all evens out. And the 15 dollar an hour McDonald's worker is actually probably better off now.
Happy in Nature
the earth laughs in flowers

User ID: 81071993
United States
09/16/2022 11:39 AM

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Re: Argentina to Hike Interest Rates to 75% as Inflation Nears 100%
Can anyone explain to me in laymen's terms how inflation rate is calculated?

They seem rather full of shit to me the way they say US has 10% inflation when everything I see is twice as much as last year, some shit is multiple times as expensive.
 Quoting: Dr. Feelgood


I just saw that a box of Nabisco Saltine Crackers is over $5. That's insane!
 Quoting: Anonymous Coward 84119115


They are 2.99 at Target. You people are being dramatic. Prices have gone up a bit but not like you are making it out to be. I go shopping all the time and I would say prices are up about 10 to 15 percent. That's what happens when you start paying everyone that's complaining more money when thaters a labor shortage it all evens out. And the 15 dollar an hour McDonald's worker is actually probably better off now.
 Quoting: Anonymous Coward 83983014


The poster has a Canadian flag. It is probably $5 Canadian.
Anonymous Coward
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United States
09/16/2022 11:46 AM
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Re: Argentina to Hike Interest Rates to 75% as Inflation Nears 100%
Can anyone explain to me in laymen's terms how inflation rate is calculated?

They seem rather full of shit to me the way they say US has 10% inflation when everything I see is twice as much as last year, some shit is multiple times as expensive.
 Quoting: Dr. Feelgood


I just saw that a box of Nabisco Saltine Crackers is over $5. That's insane!
 Quoting: Anonymous Coward 84119115


They are 2.99 at Target. You people are being dramatic. Prices have gone up a bit but not like you are making it out to be. I go shopping all the time and I would say prices are up about 10 to 15 percent. That's what happens when you start paying everyone that's complaining more money when thaters a labor shortage it all evens out. And the 15 dollar an hour McDonald's worker is actually probably better off now.
 Quoting: Anonymous Coward 83983014


A quick google search and they are 3.28 at Walmart, 3.99 at Publix and 4.79 at Walgreens. So it matters WHERE you shop. Locally in the mom and pop grocery they are over 4.00. So there is a great disparity in price points. It does not surprise me that the price is over $5 in some places.
LasVegasBrad

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09/16/2022 11:59 AM
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Re: Argentina to Hike Interest Rates to 75% as Inflation Nears 100%
Our Las Vegas Dollar Tree stores raised everything to $1.25. I call that a base inflation rate of 25%. You cannot get more basic supplies than Dollar Tree. I am continually amazed at the traffic our local store has.
Young adults (Who eat anything) will come out with a bag full of food for $6, 5 items. Much better deal than any fast food place.
The Mom's love bringing their kids in. The kid can grab anything it wants, and Mom can relax knowing the total bill will be under $10. Try that in a toy store!
Anonymous Coward
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09/16/2022 12:04 PM
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Re: Argentina to Hike Interest Rates to 75% as Inflation Nears 100%
picktardcrazyjak
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09/16/2022 12:13 PM
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Re: Argentina to Hike Interest Rates to 75% as Inflation Nears 100%
Argentina ?? again ??


whatever
UNCLE JOHN
Anonymous Coward
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United States
09/16/2022 12:32 PM
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Re: Argentina to Hike Interest Rates to 75% as Inflation Nears 100%
What a basket case of a country. They could have been as prosperous as the US at its best. Unfortunately they doubled down on socialist stupidity and just won't let it go. The US is headed down the same road now. We will all get to experience trickle up poverty
 Quoting: Anonymous Coward 24828515


Don't throw stones while in a glass house. America will be down just as much before you know it.
 Quoting: Anonymous Coward 55994706


I wonder how many Americans would lose their homes to Blackrock when their interest rates get hiked to 75%

You will own nothing.

Don't think it's not coming.
 Quoting: Hahahelboy


Klaus was right after all. You will own nothing and be happy.
Dr. Feelgood

User ID: 83977570
United States
09/16/2022 12:35 PM
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Re: Argentina to Hike Interest Rates to 75% as Inflation Nears 100%
Our Las Vegas Dollar Tree stores raised everything to $1.25. I call that a base inflation rate of 25%. You cannot get more basic supplies than Dollar Tree. I am continually amazed at the traffic our local store has.
Young adults (Who eat anything) will come out with a bag full of food for $6, 5 items. Much better deal than any fast food place.
The Mom's love bringing their kids in. The kid can grab anything it wants, and Mom can relax knowing the total bill will be under $10. Try that in a toy store!
 Quoting: LasVegasBrad


You get what you pay for. Most of that shit it would be a collosal stretch to call it "food" it is chemicals and preservatives and corn starch wrapped in plastic from china.

When you are broke you have to make tough choices, but I certainly wouldn't glorify dollar store food but any stretch of the imagination.
Check out this thread for important statistics which have showed (since early summer 2021) that Covid “Vaccine” is more likely to KILL YOU than save you:

Thread: COVID JAB statistically more likely to KILL YOU per official CDC DATA. You’re 3.87x more likely to die from the Pfizer vax than save your life!!
Anonymous Coward
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United States
09/16/2022 01:15 PM
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Re: Argentina to Hike Interest Rates to 75% as Inflation Nears 100%
Can anyone explain to me in laymen's terms how inflation rate is calculated?

They seem rather full of shit to me the way they say US has 10% inflation when everything I see is twice as much as last year, some shit is multiple times as expensive.
 Quoting: Dr. Feelgood


I just saw that a box of Nabisco Saltine Crackers is over $5. That's insane!
 Quoting: Anonymous Coward 84119115


They are 2.99 at Target. You people are being dramatic. Prices have gone up a bit but not like you are making it out to be. I go shopping all the time and I would say prices are up about 10 to 15 percent. That's what happens when you start paying everyone that's complaining more money when thaters a labor shortage it all evens out. And the 15 dollar an hour McDonald's worker is actually probably better off now.
 Quoting: Anonymous Coward 83983014


Maybe so...but there is less CHOICE in BRAND and COST.
I never bought Nabisco crackers. They break just like the cheap ones and cost 2x as much...but NOW it's like even the CHEAP ones cost what the brand name used to cost and brand name goes up every week 5 or 10 percent.
Thing is, we will NEVER RETURN back to pre spring levels on ANYTHING ever again. Not gas or utilities or rent...not even a fkn box of cheap ass crackers.

THAT'S the reality. And people aren't buying as much. The ones you see now are spending their savings on food and supplies but they'll be broke before its over.

The food stampers and billionaires will make out swimmingly, one feeding off of the other.
Anonymous Coward
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United States
09/16/2022 01:18 PM
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Re: Argentina to Hike Interest Rates to 75% as Inflation Nears 100%
What a basket case of a country. They could have been as prosperous as the US at its best. Unfortunately they doubled down on socialist stupidity and just won't let it go. The US is headed down the same road now. We will all get to experience trickle up poverty
 Quoting: Anonymous Coward 24828515


Don't throw stones while in a glass house. America will be down just as much before you know it.
 Quoting: Anonymous Coward 55994706


the difference being we'll pull out of it and recover -
Anonymous Coward
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Mexico
09/16/2022 01:19 PM
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Re: Argentina to Hike Interest Rates to 75% as Inflation Nears 100%
What a basket case of a country. They could have been as prosperous as the US at its best. Unfortunately they doubled down on socialist stupidity and just won't let it go. The US is headed down the same road now. We will all get to experience trickle up poverty
 Quoting: Anonymous Coward 24828515


It was the IMF, World Bank and CIA that fucked over the country.
 Quoting: Happy in Nature


Yep. If they were left alone the Argentinians would have a very prosperous country, but the Satanists have made sure that Argentina lurches from one financial crisis to the next. They never take their boot off the country's throat.
Anonymous Coward
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Mexico
09/16/2022 01:21 PM
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Re: Argentina to Hike Interest Rates to 75% as Inflation Nears 100%
Can anyone explain to me in laymen's terms how inflation rate is calculated?

They seem rather full of shit to me the way they say US has 10% inflation when everything I see is twice as much as last year, some shit is multiple times as expensive.
 Quoting: Dr. Feelgood


The inflation numbers are absolute bullshit. They just flat-out lie to the public. They pull numbers out of their ass and pretend they're real. That's it.
MAGA Republican BrainGuy
Comedy is Terrorism to the Stupid

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09/16/2022 01:21 PM

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Re: Argentina to Hike Interest Rates to 75% as Inflation Nears 100%
What a basket case of a country. They could have been as prosperous as the US at its best. Unfortunately they doubled down on socialist stupidity and just won't let it go. The US is headed down the same road now. We will all get to experience trickle up poverty
 Quoting: Anonymous Coward 24828515


Poverty is the only thing Socialism supplies in abundance.

onazi
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Anonymous Coward
User ID: 84204720
India
09/16/2022 01:40 PM
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Re: Argentina to Hike Interest Rates to 75% as Inflation Nears 100%
What a basket case of a country. They could have been as prosperous as the US at its best. Unfortunately they doubled down on socialist stupidity and just won't let it go. The US is headed down the same road now. We will all get to experience trickle up poverty
 Quoting: Anonymous Coward 24828515


Don't throw stones while in a glass house. America will be down just as much before you know it.
 Quoting: Anonymous Coward 55994706


Brazil, the most murderous country in the entire world. You just can't wait for people to come to down to your level huh. There is a word far that and it's called envy, the ugliest of all human qualities.
Cebeij

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United States
09/16/2022 02:20 PM

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Re: Argentina to Hike Interest Rates to 75% as Inflation Nears 100%
What a basket case of a country. They could have been as prosperous as the US at its best. Unfortunately they doubled down on socialist stupidity and just won't let it go. The US is headed down the same road now. We will all get to experience trickle up poverty
 Quoting: Anonymous Coward 24828515



You think they chose that? Just like we chose Xiden? Yeesh
QCluminati

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Canada
09/16/2022 02:22 PM
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Re: Argentina to Hike Interest Rates to 75% as Inflation Nears 100%
The imf and bis probably own this coutry now
Unvaxxed because fuck you
White Goddess

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09/16/2022 03:20 PM
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Re: Argentina to Hike Interest Rates to 75% as Inflation Nears 100%
What a basket case of a country. They could have been as prosperous as the US at its best. Unfortunately they doubled down on socialist stupidity and just won't let it go. The US is headed down the same road now. We will all get to experience trickle up poverty
 Quoting: Anonymous Coward 24828515


It was the IMF, World Bank and CIA that fucked over the country.
 Quoting: Happy in Nature


BINGO

Thats was Putin is putting a end to this crap





GLP