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The John Batchelor Show

#NewWorldReport: Argentina inflation nears 100% for 2023.Latin American Research Professor Evan Ellis, U.S. Army War College Strategic Studies Institute. @revanellis #NewWorldReportEllis

The John Batchelor Show

John Batchelor

News, Books, Arts, Society & Culture

4.52.8K Ratings

🗓️ 9 February 2023

⏱️ 12 minutes

🧾️ Download transcript

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@Batchelorshow
1966


#NewWorldReport: Argentina inflation nears 100% for 2023.Latin American Research Professor Evan Ellis, U.S. Army War College Strategic Studies Institute. @revanellis #NewWorldReportEllis
https://www.reuters.com/world/americas/argentina-likely-see-inflation-tick-up-this-year-analysts-2023-02-03/


Transcript

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0:00.0

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0:05.7

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0:30.1

This is the new world report I'm John Dash with Professor Evan Ellis, the US Army War

0:39.0

College Strategic Studies Institute, East of Latin American Research Professor. My reading

0:44.5

of 20th century history is that the one thing despots and dictators and Democrats fear.

0:52.9

The one thing in common is inflation. That will bring a government down faster than

0:58.7

a direct hit on the capital. I read from Buenos Aires in these last days. Analysts consulted

1:05.2

by Argentina Central Bank expects surging consumer prices to rise slightly this year,

1:10.2

which would mark a second straight year of nearly triple-digit inflation of first

1:16.2

South America's second biggest economy. Consumer prices are seen rising by an annual rate

1:21.3

of 97.6% in 23.

1:27.3

This is dumb-founding. I read in specific that a 2000 peso note is now worth $5 American.

1:37.2

I don't know how they're doing it. Buenos Aires is a beautiful capital to read about, and this

1:42.4

is a well-educated public long the gem in South America according to Europeans. And yet,

1:50.4

what is your expectation of the Fernandez government? Kirchner is condemned as a corrupt

1:56.0

person by a court. Fernandez doesn't seem to have a single answer to the inflation,

...

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