A picture is better than a chart.
These are Argentine $500 and $1000 notes. They spend exactly like the $50 and $100 notes used to only 3 years ago. I will be giving you both the pictures and the chart. This post is about the inflation, collapse, new currency cycle they always pull on us. Watch Argentina, the dollar is not too big to fail - you are next greenback!
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Back then, I was paying $2.70 per liter of milk and about $400 for a week's worth of groceries.
Now it is 10X - about $27.00 for a liter of milk and about $4000 for the same week's worth of groceries.
The result is counting more pieces of paper
Imagine counting 40 of those one dollar bills. Nothing larger exists. That is the way it was here a year ago. Larger bills are still hard to find. I have sold 1 bitcoin for 400 bits of paper (each saying 100). Now, if I sell anything at all, I ask if they will pay in dollars or pesos? What denomination? I have to know what size backpack to bring!
So we have bigger bills now coming available and they continue to demonetize the smaller ones (yawn) over, and over, again.... The cycle repeats. see the bottom for the latest casualty
The Manipulation
Every day I write down the current price of the blue dollar. The dollar doesn't get more expensive but we have to count more pesos to get a dollar. See for yourself.
Currently $21.00 for a dollar. That Crisp $1000 gets you u$s47.62
About a year and a half ago was when Venezuela first printed a 500 bolivar note. Today, you cannot even get anyone to take a 20,000 note for free. They are just worth less, they are worthless. Where will Argentina be next week, month, January 2019?
See on the books/at the bank purchases (green), and black market (blue).
The above chart shows Friday's close for the dollar to peso rate. In the past I watched as the price of a dollar bounced off of an imaginary $10 ceiling over and over until it broke through. It broke through the $20 mark on Feb. 2018 and now seems as though it is being magically tapped down as nail every time it hits $21. The peso's lack of value seems to be pushing harder and harder to get through $21 per. One would have to assume there is manipulation.
Sure to continue. Seen it before.
The peso is sure to climb and I know they have the designs for the $5000, $10,000 and $20,000 notes already to go.
Government, it doesn't matter where, is so predictable when they keep using the same play book! We are the ones that keep believing the lie - insanity!
RIP : Bartelomie Mitre
You can no longer be spent.
Rotate left if you think it is leaning. All pictures taken or captured by me.
