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Re: Chile Wealth, Inequality, and International rankings

Posted: Thu Mar 28, 2019 9:57 am
by 41southchile
at46 wrote:
Wed Mar 27, 2019 10:48 pm
Despite the good Chilean employment numbers, Argentina is doing better than Chile in terms of fighting extreme poverty https://howmuch.net/articles/people-liv ... verty-2018
Hmmmmmm not to sure with how many grains of salt to take those numbers with.

Re: Chile Wealth, Inequality, and International rankings

Posted: Thu Mar 28, 2019 10:44 am
by admin
at46 wrote:
Wed Mar 27, 2019 10:48 pm
Despite the good Chilean employment numbers, Argentina is doing better than Chile in terms of fighting extreme poverty https://howmuch.net/articles/people-liv ... verty-2018
are you F'n kidding me with that bullshit?

because everyone is nearly equally poor, and the government has been making up stats for over a decade.

http://www.batimes.com.ar/news/argentin ... port.phtml

31% of Argentina below the poverty line, 41% in the capital.

same bullshit story socialists are pushing about Venezuela.

but hey, if you don't buy that. just wait. anyone with $1.90 of Argentina currency today will be in extreme poverty in another month or two anyway with that inflation rate.

Re: Chile Wealth, Inequality, and International rankings

Posted: Thu Mar 28, 2019 10:57 am
by admin
I seen a great explanation from an Argentinean economist as to why Argentina government insist on spending more money than it has. Simply, after once (or twice) having been a rich country, Argentinians don't want to admit they are poor, and they don't want the government to act like they are poor.

I have seen that first hand, with people in Argentina completely in denial that there was anything wrong with the peso or the economy. It was always sort of baffling to me, how an entire culture could be in such denial; but, that economist made sense that is a cultural phenomena / national pride thing.

Re: Chile Wealth, Inequality, and International rankings

Posted: Thu Mar 28, 2019 11:08 am
by admin
Argentina peso just popped to 44 this week, (43.20 currently) to dollar. New historical whatever.

Going in to an election year, out of control inflation, Peronista are gaining momentum with a possible run by Fernanda, the IMF bailout is running out of money, macri needs to spend money to get reelected and dial back the austerity (which the IMF won't let him). He either has to piss off the IMF or piss off voters, right when he can not afford to loose either one.

We are going to easily see 60 pesos to the dollar by election time this year, and very well over a 100 by the end of the year, as Argentinians stash their cash in dollars during election cycles. Kirchner wins, there won't even be a way to tell who is poor and who is rich, and Argentina will be defaulting again, with both foreign and domestic investors fleeing the country at the same time.

Re: Chile Wealth, Inequality, and International rankings

Posted: Thu Mar 28, 2019 12:18 pm
by Space Cat
I have a pet theory that not being able to swallow national pride and copy someone else’s homework is the second largest factor in a country’s failures after corruption and nepotism.

Chilean self-hatred may be tiring at times but it works so far for improving as a society and learning from the international experiences.

Re: Chile Wealth, Inequality, and International rankings

Posted: Thu Mar 28, 2019 2:23 pm
by Julito
Our bank won't touch Argy pesos,they know they're headed South. Nor will they touch US Dollars unless they're in perfect uncirculated condition.

Re: Chile Wealth, Inequality, and International rankings

Posted: Thu Mar 28, 2019 2:58 pm
by AnciaVagar
admin wrote:
Thu Mar 28, 2019 10:57 am
...
I have seen that first hand, with people in Argentina completely in denial that there was anything wrong with the peso or the economy. It was always sort of baffling to me, how an entire culture could be in such denial; but, that economist made sense that is a cultural phenomena / national pride thing.
+1, irrational assertions re: Islas Malvinas

Re: Chile Wealth, Inequality, and International rankings

Posted: Thu Mar 28, 2019 3:02 pm
by nwdiver
admin wrote:
Thu Mar 28, 2019 10:44 am
at46 wrote:
Wed Mar 27, 2019 10:48 pm
Despite the good Chilean employment numbers, Argentina is doing better than Chile in terms of fighting extreme poverty https://howmuch.net/articles/people-liv ... verty-2018
are you F'n kidding me with that bullshit?

because everyone is nearly equally poor, and the government has been making up stats for over a decade.

http://www.batimes.com.ar/news/argentin ... port.phtml

31% of Argentina below the poverty line, 41% in the capital.

same bullshit story socialists are pushing about Venezuela.

but hey, if you don't buy that. just wait. anyone with $1.90 of Argentina currency today will be in extreme poverty in another month or two anyway with that inflation rate.
The reality is the poverty line gets pushed down when everyone is poor, so it can always be the same..........good times 31%.....bad times 31%........

Re: Chile Wealth, Inequality, and International rankings

Posted: Thu Mar 28, 2019 3:04 pm
by nwdiver
AnciaVagar wrote:
Thu Mar 28, 2019 2:58 pm
admin wrote:
Thu Mar 28, 2019 10:57 am
...
I have seen that first hand, with people in Argentina completely in denial that there was anything wrong with the peso or the economy. It was always sort of baffling to me, how an entire culture could be in such denial; but, that economist made sense that is a cultural phenomena / national pride thing.
+1, irrational assertions re: Islas Malvinas
You mean the Falkland Islands in that context......

Re: Chile Wealth, Inequality, and International rankings

Posted: Thu Mar 28, 2019 5:00 pm
by at46
nwdiver wrote:
Thu Mar 28, 2019 3:04 pm
AnciaVagar wrote:
Thu Mar 28, 2019 2:58 pm
admin wrote:
Thu Mar 28, 2019 10:57 am
...
I have seen that first hand, with people in Argentina completely in denial that there was anything wrong with the peso or the economy. It was always sort of baffling to me, how an entire culture could be in such denial; but, that economist made sense that is a cultural phenomena / national pride thing.
+1, irrational assertions re: Islas Malvinas
You mean the Falkland Islands in that context......
Lol, good one!

Re: Chile Wealth, Inequality, and International rankings

Posted: Fri Mar 29, 2019 12:39 am
by AnciaVagar
nwdiver wrote:
Thu Mar 28, 2019 3:04 pm
AnciaVagar wrote:
Thu Mar 28, 2019 2:58 pm

+1, irrational assertions re: Islas Malvinas
You mean the Falkland Islands in that context......
I mean Islas Malvinas -- that's part of their irrationality. (I know, I know, way too subtle for this audience.)

Re: Chile Wealth, Inequality, and International rankings

Posted: Mon Apr 01, 2019 10:07 am
by admin
the one i am wondering about, going forward say over the next 10 to 20 years, will ot be chile gettong richer or the rest of the world getting more poor:

this a bit of an advertisement, but has some interesting stats about the u.s.:

https://www.cnbc.com/2019/04/01/theres- ... orYou=true

essentialy, the average babyboomer is facing retirement on about $29,000 u.s. a year; if they have any retirment savings at all.