ARGENTINA PRESIDENT: 40% INFLATION JUST AN ILLUSION

CYNICALLY, MACRI AFFIRMS THAT 

INFLATION IN ARGENTINA IS JUST “AN ILLUSION”

Argentina be aware: 

Plutocracy too long tolerated leaves democracy on the auction block, 
subject to the highest bidder

Bill Moyers 

At a time when shortages and the increase in public services rates are the most important concerns of the Argentinian population, President MAURICIO MACRI affirms that inflation is an illusion and that he is optimistic about the country’s future.

In statements he gave to the TV station Telefe, MACRI expressed that “inflation is decreasing and next year it will be less than 20 per cent. Inflation is a lie, it was imposed”.

PUTTING THE BLAME ON PREVIOUS GOVERNMENTS HAS BEEN AN ARGENTINE TRAIT FOR THE PAST 33 YEARS

He repeated once again that he is working “so that people can live better” and insisted that he can’t reverse the economic adjustments after so many years of incorrect policies —in reference to previous government lead by NESTOR KIRCHNER and CRISTINA FERNÁNDEZ.

His latest appearance took place after thousands of people carried out “piquetes” and “common cooking pot” in 100 different spots in BUENOS AIRES City, to protest against unemployment and the increase in the living cost. Also, a “cacerolazo” was heard all across the country against the raise in the electric power, gas and water rates. The unrest was of course never broadcast by the dominant government loyal media. According to “establishment” media of ARGENTINA the country is doing superb………………….

THE THREAT OF CIVIL UNREST LOOMING OVER ARGENTINA

Official figures contradict the President’s speech, because in the first months of the year, inflation rates went up by 27% reaching an annual accumulationof 43 to 45%, according to studies carried out by a consultancy firm. It was MACRI who accused the previous government of falsifying inflation statistics and thus seems to have taking a liking in it, but of course the local media would never point the finger at him. For they won the election for him through intense social engineering.  

Symbol for Argentine Government change
2001: President De la Rua flees by helicopter from
Casa Rosada

The cost of life has forced the population to change their consumption habits, which dropped again in June, this time by 6,4%, especially regarding the consumption of food, a drop that was already notorious in the first trimester, with a drop of 3,6%. A study carried out by Scentia shows that the areas that suffered the worst contraction were cleaning products, cosmetics and toiletries, non-perishable food, alcoholic beverages, water and sodas. On the other hand, the fuel consumption decreased by 3,07%, which puts gas stations at risk, as warned by the Confederation of Hydrocarbon Commerce Entities of ARGENTINA.

In this context in which the cost of living is increasing, a study showed that for a four-member family not to fall under the category of “poor” in BUENOS AIRES city, they needed, in June, a monthly income of, at least, 12,709 pesos (that is, 850 dollars). And a minimum of 6,307 pesos (420 dollars) not to be considered “indigents”, as the General Direction of Statistics and Census of the City government revealed in its study on the Indigence and Poverty Line for the houses of BUENOS AIRES cities. The study measures the economic needs of five types of households, but it uses a model family: a 35 year-old couple, both economically active, property owners, with 2 children, aged 9 and 6. Many families in BUENOS AIRES don’t own a house but rent, which means they would need between 6,000 and 8,000 pesos more (400 to 533 dollars) not to fall below the poverty line.