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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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55836521 No.55836521 [Reply] [Original]

Why are savings sitting in an account earning 4.5% APR when I could be getting 118% in Argentina? How do I profit from this as an American?

>> No.55836647

>>55836521
Now look at their inflation.

>> No.55836674

>>55836521
Buy Argentinian bonds then.

>> No.55836678

>>55836521
You don't buy foreign government bonds with usd

>> No.55836707

>>55836521
Didn’t a lolbert candidate just win elections? In thought they’re going back on the gold standard

>> No.55836750

>>55836707
Gold standard
Not gold standard
It doesn't matter. What matters is: are jews running it, and is the country being filled with blacks.

>> No.55836770

>>55836678
Why not? I could trade my USD for pesos

>> No.55836939

>>55836770
Yes. Then you wait a year for bond maturity and get your pesos back plus 11%, then you convert them back to USD.

>> No.55837663

>>55836521
>How do I profit from this as an American?
You can't, no one can, it's not profitable nor safe. There's a reason Argentines don't put their savings in banking.

>> No.55837677
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55837677

>>55836521
My Argentinian Pesos....

>> No.55837686

>>55836521
I watched a vid a while ago about how their government exchange rate is a total fluke and the population exchanges shit via black market. I think there was a way to exploit this on Amazon in some euro countries that were going by their gov exchange rate but I’m pretty sure it’s since been patched

>> No.55837713

>>55836521
Loads of shitcoin protocols have offered this much and more. None of them last. What does this tell you?

>> No.55839447
File: 340 KB, 512x512, 1692021463979099.png [View same] [iqdb] [saucenao] [google]
55839447

>>55837686
Imagine needing to patch glitches in your financial system

>> No.55839683

>>55836521
>Why are savings sitting in an account earning 4.5% APR when I could be getting 118% in Argentina?
Because you'll still come out with more from 4.5% than the inflationary death spiral the Peso is in.