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Honored Advisor

Let`s look at Argentina

cause that`s where we`re headed.  http://www.telegraph.co.uk/finance/financialcrisis/9707546/Fitch-downgrades-Argentina-and-predicts-d...   credit raters, Abercrombie and Fitch have down graded Argentina to just one tick above "default".  Now this is how they got there http://libertybullhorn.com/2012/09/26/argentina-entitlement-spending-causes-runaway-inflation/  ..run outa taxpayer money. I don`t have any advice, November 6th US voters made the decision to go down the same path.  I`m just giving a heads up, the ol` canary is startin` to cough.  BTW voting in Argentina is "compulsory".

5 Replies
Highlighted
Advisor

Re: Let`s look at Argentina

Are we to take that to mean that sales of casual wear for young people are predicted to be slow in Argentinia?

 

http://en.wikipedia.org/wiki/Abercrombie_%26_Fitch

 

You're a bonafide, genuine classic

Highlighted
Senior Advisor

Re: Let`s look at Argentina

They could always raise taxes on the rich, but then this could happen.

snip-

Almost two-thirds of the country’s million-pound earners disappeared from
Britain after the introduction of the 50p top rate of tax, figures have
disclosed.

 

http://www.telegraph.co.uk/news/politics/9707029/Two-thirds-of-millionaires-left-Britain-to-avoid-50...

Highlighted
Honored Advisor

Re: Let`s look at Argentina

It`s a cruel world 3020, back in July, Hollande chased the wealthy out of France  http://www.telegraph.co.uk/news/worldnews/europe/france/9404209/Frances-proposed-tax-hikes-spark-exo...   now they get to Britian and they say "We want your money too!!".  Here`s a trillion dollar idea for a small country in a warm climate, become a safe haven for the world`s wealthy, charge maybe a 1% income tax...hey make up for it will volume volume volume, have no estate tax.  A small country like Hati could clean up their act and siphon off all of the world`s wealthy maybe their could change the name to "John Galtia" .  When I win the PowerBall tonight, I`m moving to "John Galtia"!  Smiley Happy 

Highlighted
Honored Advisor

Re: Let`s look at Argentina

Smiley Very Happy

Highlighted
Advisor

Re: Let`s look at Argentina

I did see that they weren't listed with Disney, WalMart and Sears as having fingerprints on the big garment workers fire in Bangladesh.