Welcome back!
Interesting happenings are afoot here in Argentina. With the nationalization of all the private pension funds here, quite a few locals are understandably pissed. This isn’t chump change either, we’re talking in the neighborhood of $30 billion in private holdings. Being that I’m a philosophy major, I’ll point you guys to a much better analysis here.
The corruption in the government has come to be accepted, even on this scale. And after being duped at the bank during my first few weeks here, I can believe it. If we keep heading in this direction, I’m not going to be able to stay here. I have some savings in US dollars, but down here as an expat I’m earning in pesos and with the devaluation expected to eventually hit 3.5 pesos to the dollar, I’ll be in trouble. Inflation is galloping along quite nicely as well.
Buenos Aires certainly is kind to those earning in pounds, euros, or dollars, but if you’re a wet behind the ears college graduate like myself, the illusion of teaching English to get by is officially over. On the flip side, it has definitely lit a fire under my rear end to make freelancing work. Talk about incentive!
Oh, and one last PSA: don’t talk on the phone while cooking on a stove. Multitasking in the kitchen is a dangerous game. Blogging with burnt fingers is no fun.
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Inflation is definitely a worry. I’m not in BsAs yet but I’m counting my savings and sorting out if I’ll need to explore freelancing or half way through the year relocate to a less expensive city or country. But I would like to stay around BsAs for the full year and
Cheers for the entry. Catch you around.
Thanks for the comment Mariana.
While I respect your opinion, a lot of this is coming from my TEFL students who are economists working with Accenture, so I’d say they’re informed. I also keep abreast of a lot of financial blogs and most of them, including publications like The Economist and the Wall Street Journal, have decried this act as nearing financial piracy. I trust those sources as well.
I’d like to think I’m relatively well informed and not a “parrot,” but I’ll be happy to read the links you provided for another viewpoint. Always happy to try and see it from the other side.
Saludos!
la jubilación privada fué la estafa más grande del gobierno menemista. la nacionalización de los fondos (más allá de no estar de acuerdo con este gobierno en muchas cosas)es una medida acertada y favorable.
es obvio que tus opiniones son sesgadas, y repetís como un loro lo que seguramente oís, sin informarte debidamente.
te paso los links de algunos blogs, para que abras un poco tu cabeza y empieces a pensar de manera independiente.
www.homo-economicus.blogspot.com
www.elcriadordegorilas.blogspot.com
www.labarbarie.com.ar
y muchos más a los que pode´s llegar a través de los links de esos blogs,
saludos