/biz/ - Business & Finance

>>19297551
>How are you doing, friends?

Wages are collapsing to absurd levels like 120 usd per month.

>How's inflation?

Above 150% per year.

>Does the 9th bankruptcy hurt you?

Yea there are no jobs , shits collapsing.

>>19298478
Sucks bro gl I’ve met some cool Argies. Govt sounds fucking retarded though

>>19298501
it's 100% retarded but a reflection of the state of the population, shit is going to explode hard here , the wages can't keep collapsing in usd so fast for so long.

People are not going to tolerate it , we aren't memezuela , our capital has 14m people in it's surroundings if a chimpout starts it can't easily be stopped.

I am not sure what this government plans to do since all their policies fuck things even more.

>>19298478
Thanks, how do you feel? Did you see this coming? Are you going to be ok?

>>19298478
why don't you homos just use fake internet money?

>>19297551
Arg bros, what is bahia blanca like. Asking for a story Im writing.

>>19298478
Matate Argentino de mierda.

Sigan votando por los mismos zurdos. Ustedes son unos simios de IQ 80 que nunca aprended.

>>19298615
>how do you feel?

Blackpilled as fuck as always.

>Did you see this coming?

Oh yea i knew this was coming which is why i was working freelancing for years but coronachan fucked everything up, on top of that the only way to get my freelancing wage was bitcoin or debit card in uruguay atms(yea freelancers here literally went via ship to uruguay to use atms kek).

But before i was "temporally laid off" i put all my wages on my foreign debit card so i can't get my money now for fucks sake kek since uruguay borders are closed and the risk of buying btc with a debit card with two months wages is too high if they block it(with paypal is possible tough).

So even tough i saw it coming the combination of coronachan made it all worse, otherwise i would be freelancing earning usd while the world collapses around.

>Are you going to be ok?

Nah shit's fucked up as wages collapse in usd the conditions deteriorate in the streets , now you can't go to a fucking bank atm without 2 guys asking for money , poverty is increasing fast ,a middle class wage is 300 usd if not less , shit's bad.

I will personally be ok but still , with everything collapsing there is not much to motivate one to do new things , specially with the moral degeneracy on politics and the state.

>>19297551
We are about to get fucked too, bro. Fucking latinamerican left. Mexican, btw.

>>19298631
>why don't you homos just use fake internet money?

I do use it since 2015 (and i may have mined in 2009-2010) (just fuck my shit up).

>>19298724
I never voted for this degenerates , but you are right this is well deserved, a society can't refuse reality for so long without consequences.

The problem is that individuals that act morally and try to improve are also moved with the current of retards to hell since the majority of retards will have the momentum moving everyone to worse and worse conditions.

>>19298769
Yea this foro of sao paulo retards don't know what the fuck are they doing , they think because during the early 2000s they were able to do brrrrrrrrrr and worked it will work non stop again.

Anyone with a brain knows the brrrr worked because commodities prices were on the fucking sky also increasing the local supply of foreign currency thus reducing the inflationary effect of the brrrrr , not to mention that taxes were low before and now they are retardedly high (probably higher than in europe).

Now they apply the same policies but the brrrrr only creates inflation and the taxes to stimulate demand with gibs crashes the supply by destroying companies.

>>19298741
You went to another country to use ATMs? Crypto ATMs I suppose.

>>19298774
>(and i may have mined in 2009-2010) (just fuck my shit up)
oof i know this feel. i found a wallet install file dated 2012 and some conf files for mining from around that time but i don't remember if i actually mined anything or where i installed it. you should convince your countrymen to abandon paper money because the authoritarian homos printing yours are clearly retarded.

>>19298826
No bank atms, as a result of capital controls and the inflation you end up losing about 60% of your income in usd terms by using local atms.

Why?

1_ATMs have limits and fucking retarded boomers never update the limits for inflation so each extraction has fees and since the limits are not updated for inflation you need to do more and more extractions to get your income and those extractions have their own individual fee.

2_Due to capital controls the government gives you pesos for your dollars at a retarded rate of 69 pesos per usd.

While in uruguay you get usd cash and then sell them here for 112 pesos per usd.

Shit's retarded , this is why people are using bitcoin for online purchases , credit cards also have retarded taxes and rates.

>>19298848
You can try to open that wallet.dat , regarding the wallet yea it was a meme back in 2009-2010 i knew i looked into btc seriously since the idea was cool and was in some forums even before 2009 since people wanted to use the idea of a torrent to create a currency.

But btc was a meme at the start you could get maybe 50 btc per night of the pc turned on of course back then it was not even 1 usd so most people lost their wallets.

>>19298857
holy fuck that's insane. also bitcoin is trading at double the price there. can't you make profit out of that?

>>19298724
>Ustedes son unos simios de IQ 80 que nunca aprended.

calling somebody low IQ making a orthographic mistake

Piñera is gonna fuck you up boy

>>19298937
>also bitcoin is trading at double the price there. can't you make profit out of that?

It's at a 100% spread at the official government rate of 69 pesos / usd

it's at a 10% spread of the black market usd rate of 120 pesos / usd

But yea shit's retarded

>can't you make profit out of that?

Not doing arbitrage because only way to do that would be to be able of buying btc outside the nation which you can't do due to capital controls.

On the bright side if you mine monero and then buy btc you can sell those btc at a premium here.

>>19298805
Is there something we can do to stop those assholes? They're ruining the whole region, look at what they're doing to Chile! Also, how's life in Uruguay? Been seriously considering go live there.

>>19298970
so as a foreigner i can make some money selling bitcoin in Argentina if i buy on the international market?

>>19299008
Yes but how do you get the money back to your nation?
You would need to take a plane with cash and if the spread is 10% you would need to have a cheap plane back home and repeat.

Of course to break even you would need to move so much cash that it would be costly as fuck.

That or use a sailboat(130 iq here) if you use a sailboat and go from here to europe from example you could make a shitton of money doing that arbitrage kek.

>>19298993
Gringo here currently in Peru, it feels like the only place in Latin America that isn't about to get wrecked in the next 5-10 years. Colombia might survive if they can resist resurgency from FARCEP for a little longer. Other than that everything elsewhere is turning memezuela tier poco a poco. Chile used to be amazing, they almost made it to European standards and then the retards started going out to the streets to protest a working system. Pinochet did some fucked up shit but his economic policy was spot on.

>>19299040
i have no idea i can just come to argentina and relax there on a beach selling bitcoins and spending money.

I remember going to argentina in 2013 and as an Australian even I knew about the inflation you argentinians had. I wanted to explore your country as I like the people, especially the steak and the quality of the girls, dam your women are so hot and sexy man. When they speak Spanish it sends me wild. Anyway - i took this ferry from fucking Argentina to Uruguay, to withdraw a $500 USD because if I tried to do the same thing in Argentina I would be literally fucked over with no peso. I also had to visit 2-3 ATM's because the limit per withdraw was around $100-200 each and lots didn't have bills in them. Man thinking back on it, it was a lot to do to get some nice ass and steak. Uruguay was ok but I just stayed the night.

>>19299109
How's Peru for living? I was supposed to be there for vacation at the beginning of the month, but corona ruined it

>>19299040
How widespread would you say the usage of BTC and XMR is? Does the average normie in Argentina know about and use crypto?
Should I go down to Argentina and try to live like a king or am I going to get stabbed?

oh, i forgot - I then caught the ferry back to Argentina the next day or after, went to this nightclub you had called Pacha in Buenos Aires (not sure if it's still open), I wanted to have some fun and I was with a mate of mine so I asked some random at the bar if I could buy some pills (ecstasy) he gave me these red ones and in Australia they are normally weak and laced with shit (50mg mdma max per pill) anyway, little did I know these bad boys had 200mg each in them and I took both at the same time - yeh 400mg. My friend who was with me was sober and half looking out for me and half looking for some fine ass agentinian pussy that we realised didn't arrive fashionably late until 2-3am. After 45min of ingesting these pills they all hit like a fucking SpaceX rocket lifting off to the international space station and my eyes went rolling like crazy, music was pumping hard and I was in the zone. What seemed like 2 min later (was actually 2 hours later) my friend found me in the smoke area of the club and I was rolling around on my stomach in the garden area and security kicked me out for being too fucked up. I had no idea, I was so SpaceX'd I thought I was inside listening to the DJ. Anyway Argentina is great man, buy bitcoin.

Every country is getting fucked by the USD hypershortage

Lebanon already collapsed, civil war soon
Argentina and Brazil hyperinflating
Turkey hyperinflating
If your country has debts in USD it's OVER
First the emerging markets and third world countries
EU on the verge of collapse
Canada and Australia ultra debt bubbles are popping

Everybody but America is fucked, but eventually the strong USD will destroy the American economy and we will move to a new monetary order the bretton woods era is OVER

>>19299268
https://twitter.com/RaoulGMI/status/1264224744271945728?s=20

correct, read and end thread

>>19299202
You should go to Brazil some day, you'll love it. Another place with 10/10 women and great food is Sinaloa, Mexico, fun place but the narco is really dangerous there.

>>19299202
i liked reading this

>>19299177
Really cheap, not too lgbtq frienldy (I am okay with this) traditional and fairly neo-liberal right wing. Not great women, most of the country is ugly desert but there are some beautiful mountains and jungles.

>>19299268
The fourth turning is in full effect

https://archive.4plebs.org/pol/thread/223471614/#223471614

>>19299109
Is Ecuador a meme too? My gf is from there and wants us to visit after corona

>>19299191
BTC usage is pretty widespread due to being the cheapest way to do internet purchases.
No idea about xmr.

>Should I go down to Argentina and try to live like a king or am I going to get stabbed?

Well if you get foreign currency you will be a king specially if you use btc to get your income.

>>19299120
>I also had to visit 2-3 ATM's because the limit per withdraw was around $100-200 each and lots didn't have bills in them

Based an buquebuspilled.

>>19299437
Does BTC still have high fees? Are any other cryptos used?

>>19299437
Would you say the average person in Argentina uses bitcoin regularly? NGL anon you're making this the best thread on this board in a long while.

>>19299466
BTC & ETH for the most part but mostly btc , also for some reason normies here like DAI.

>>19299378
Interesting. Mexico is already turning into memezuela, so I'm starting to consider options. Since I work for an international company for an American project, my boss already told me that he would gladly write a recommendation letter for me to get hire in Texas, but I don't find americans to be cool people desu.

Uruguay is my number one option, I'll look more into Peru as well. If not, then I guess Texas or maybe Canada? I have family in Spain, but I think it's hard to get hired there.

>>19299436
Ecuador is okay, it will get worse but its okay, very wild, in a literal sense aka Jungle. The people are a bit wild too. Love the place though, lived in the jungle for a few months there, would go again.

>>19299494
Spain is a meme country that will turn into another memezuela when the European union stop supporting them. Uruguay I don't know much about but its probably alright. I don't like the US much either but they pay rediculous amounts of money for not alot of work.

>>19299494
>maybe Canada

https://palladiummag.com/2019/09/19/how-not-to-build-a-country-canadas-late-soviet-pessimism/

Canada is COLLAPSING

>>19298594
Download Reserva app and convert money to RSV

>>19299277
Haha, I'm glad you did. I'm no author but I enjoyed typing it out as I brought back 8-year-old memories. I did this crazy 10 month round the world trip and Argentina was one of those countries, Uruguay was this place I just had to go to use the ATM. Can you imagine how fucking retarded that sounds/is. "Hey bro - I'll be back in a few days - just going to another country to use the ATM" that's what I had to do. Anyway, after I got kicked out from the club it was late man, like 3am I think, most shit was closed and I lost my friend. So when I was walking looking for a taxi (I am 100% srs) a car with 3 girls and 1 dude pulled up with the music on, they were my age and looked cool and asked why I was walking alone, I told them I was rolling hard and so were they, so they invited me to this day club and I just jumped in the back seat of the car. They didn't speak English well and I could have got my kidney stolen but Argentina I didn't think was that kind of country compared to the others I had been to. So now I'm in this random car SpaceX'd with no idea where we are going and the chick next to me says im cute in Spanish and gives me another ecstasy pill. I ate it with her and we arrived at some bunked underground night club (not as good as Pacha). Once that pill kicked it I was literally on mars and lost EVERYONE including my new car friends, a solo Australian in the middle of Argentina - it was time to call it a night. What I didn't realise is when I was leaving it was 9am and the heat was already 30+ degrees / 86 fah and people were on the streets walking their dogs, kids were playing in the park and I felt like the biggest disconnection from society. We also didn't have google maps popular or 3g in those days - so you had to get wifi to find out where the fuck I was. I entered this restaurant looking like an underfed skeleton with bulging eyes asking to use the wifi in English which they spoke none of, then paid for a taxi home with no air-con.

>>19297551
So when does the government plan to try to invade the Falklands again (isla Malvinas)

>>19299485
>Would you say the average person in Argentina uses bitcoin regularly?

No no fucking way it's being used more like a wire systems to outside the country and inside the country but no internal transactions for the most part.

Imagine the poeple in your country doing wires to other nations and you get the ammount of people using btc.

We are probably among the first worldwide in crypto adoption.

>>19299564
Interesting. What about gold/silver does anyone actually use that shit for anything?

>>19299533
Thanks, will read. If true, the a lot of mexicans are about to get fucked, because lots of them has Canada as their number one alternative lol.

>>19299545
While all of this was happening, the biggest red pill (and I don't mean the ones I ate at Pacha) was that a few hundred bitcoins I had stored on SR 1.0 were flying from $2 to close to $100. I think I had like 300-400 coins in them. About 6 months later into my trip I was catching up on the news on my laptop (which is something you don't do when you travel lol, check news lol fuck that you're too busy trying to slay) so I read this article that btc was over $1000+ and I had this like mini heart attack, I had saved a few years for this trip and I just had like $400,000 USD sitting in my account, When I went to log into SR 1.0 to get them I noticed the FBI seized the site and all the wallets in them. I'll tell you at that exact moment it was like going from winning the lottery to losing the winning ticket, hahaha. Fuck me, bro I have like 100+ of these stories in those 10+ months but this Argentina thread sparked one, yewwwwww

>>19299586
Very little since it has capital controls too ,and the government wants everyone to report where they got the income for the purchase wich is impossible in a collapsing economy where the only jobs existing are not reporting shit anymore.

>>19299546
>I think I had like 300-400 coins in them.

>>19299703
Wow I had no idea it was that bad.
Are there product/price controls too?

>>19299727
btw it was for
>>19299693

>>19299546
In regards to

>So when does the government plan to try to invade the Falklands again (isla Malvinas)

Never we are broke as fuck and even if we were't broke it would not make any sense.

>>19299268
Brazil will survive Just fine if they manage to reelect the current sionist puppet.
20 BTC will get you a good retirement there right now and this is what I am doing.

>>19299732
>Are there product/price controls too?

Yes the new retarded government put price controls for food, no product limits yet tough since there is no scarcity yet because no one has any money.

>>19299737
I thought it was Argentinian tradition to invade the falklands when everything is going to hell

>>19299826
Do you have to buy smuggled/black market shit regularly? Like are you doing under the table deals buying food/necessities for BTC or is it not quite that bad yet?

>>19299830
You need to have money to invade anything.

>>19299841
No btc won't probably ever be used to buy necessities i know that even in memezuela freelancers use btc more as a bank account and then they buy shit by converting the btc to cash.

BTC is the bank protecting wealth / wire system, but not the currency.

But people do use btc to pay for services like web hosting or shit like that since it's way cheaper than cards.

>>19299897
Goddamn. I'm going to start DCAing into BTC every month now because of this.
If I go to Argentina where are the nicest areas to live comfortably and slam pussy?

>>19299961

Just lump sum buy. You only have a couple months at best before Bitcoin leaves these levels forever. After the next bubble and crash you can DCA on the way down with your gains.

>>19299897
>when you so poor you can’t even partake in the traditional let’s start a war with the U.K. before collapse

The fact Argentina had more money during a dictatorship than now says a lot of the type of shit Argentines vote for. Democracy does not work everywhere

>>19300002
Sorry bruh I gotta diversify. I'm trying to hit 10 ozs of gold and 500 ozs of silver and only have 4 ozs of gold left to go, my cash flow is good but I'm not sitting on enough cash to lump sum buy right now while also finishing up my stack.
But I will take it under advisement. I wish you the best of luck.

>>19297551
I want to feel bad for them but they’re the whitest in Latin America so I can’t

>>19299961
Big cities are good as a foreigner to get pussy but with a good ammount of money you could buy a hell of a lot of good things here given how cheap shit is now.

>>19300049
Both right and left are statists here we reached the endgame where higher taxes give negative returns due to how high they are so we are at the endgame , democracy or not.

>>19300344
>with a good ammount of money you could buy a hell of a lot of good things here given how cheap shit is now.
Given the current state of affairs, how much of a pain would it be to make large purchases like property?

Future of the USA

Argy here, currently making more money just by doing financial arbitrages and selling usd cash in the black market... instead of my salary income

>>19298724
>t. vote for the zionists who somehow accelerated inflation to hiperinflation and brought yet another default despite getting the biggest imf loan ever with incredibly favorable terms, and somehow bankrupted the government despite going into full austeriy
The so called leftists never fucked up this badly

Just sell runescape gold like the rest of South America. Big bucks black chinning

>>19298769
lmao keep believing that
amlo is by far the most libertarian president in the hemisphere despite being a "leftist"
A government can't fuck up a country just with microeconomic policies unless they were already a command economy (in which case they would be already fucked up), as long as Banxico doesn't go full MMT and amlo sticks to his promise of not indebting the country shit will work out through the magic of the free market and non retard macro policies

>>19299767
The purpose of the brazillian zionist puppet is to teach people to never elect so called "populists" again
Brazil will get artificially fucked up in the midst of the second Trump term

Juega sorare pelotudo

>>19298970
How exactly do they enforce capital controls on btc transactions? How are they competent at that but fail at normal government stuff. US government still doesn't have a handle on crypto that well.

Save mommy's country!

>>19302066
Not an argie but I guess you can only get your fiat to exchanges through banks, or offline through some seller (who probably has to go through the banking system to buy BTC)
I guess luckier argies near the borders can go to other countries to avoid capital controls, but they probably have to deal with money laundering stuff and customs then (and capital controls too), unless they have access to contraband/money laundering rings

>>19302283
Ah I see. So argies can get on international exchanges, but cant get fiat into them. The Monero idea works only because it's untraceable?

>>19301776
>amlo is by far the most libertarian president in the hemisphere despite being a "leftist"
Retard

>>19301742
>brought yet another default despite getting the biggest imf loan ever with incredibly favorable terms, and somehow bankrupted the government despite going into full austeriy
that’s what happen when you loan a foreign currency
argies should stop using USD, which is a foreign currency, so it doesn’t really matter what are the terms, you can never repay more USD in future if you don’t print them
you cannot default in pesos
If you stop using USD you will also stop hyperinflation cause you cannot sell pesos for USD

>>19297551
I'm good I have 500k AAVE and will soon be a multi-millionaire in just a few years time.

>>19302683
you're fucked

>>19300997
As a foreigner it would be pretty easy, as a local it's a pain in the ass because you need to show where there income came from and most people work in jobs outside the legal system that has retarded taxes & labor laws.

>>19302066
They don't, btc rate is free due to people trading p2p but the rate is way above the official usd rate due to having massive demand and being disconnected from international exchanges.

>>19302283
No, btc is free they have not been able to put capital controls on it.

In fact of the usd rates the "usd in bitcoin" is the highest usd rate we have due to how much demand it has.

1 usd official rate is 69 pesos (capital controls allow to buy 200 usd per month)

1 usd black market free rate is 120 pesos

The equivalent to 1 usd in bitcoin bought locally is 135 pesos due to the massive demand

>>19303150
bumping thread for awarness