#NewWorldReport: #Argentina where 2000 pesos is $5.00 Senadora Maria Fernanda Cabal. @MariaFdaCabal (on leave) Joseph Humire @JMHumire @SecureFreeSoc https://www.securefreesociety.org.Ernesto Araujo, Former Foreign Minister Republic of Brazil.
The John Batchelor Show
John Batchelor
4.5 • 2.8K Ratings
🗓️ 7 February 2023
⏱️ 8 minutes
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#NewWorldReport: #Argentina where 2000 pesos is $5.00 Senadora Maria Fernanda Cabal. @MariaFdaCabal (on leave) Joseph Humire @JMHumire @SecureFreeSoc https://www.securefreesociety.org.Ernesto Araujo, Former Foreign Minister Republic of Brazil.
https://www.reuters.com/news/picture/argentina-oks-new-2000-peso-bill-as-infl-idUSKBN2UC1WK
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| 0:30.1 | This is the new world report. I'm John Batch with my colleagues Ernesto Arujio former |
| 0:39.7 | former Foreign Minister of the Republic of Brazil, Joseph Umar, Executive Director of Secure |
| 0:44.0 | Free Society. Argentina, vividly, I'm told that a 20,000 pay so note in Argentina is now |
| 0:52.3 | worth $5 American. We're looking at consumer prices rising in annual rate of 97.6% in |
| 0:59.5 | 23. This is a projection. This is an election here. And I understand inflation is the one |
| 1:06.4 | fear all regimes have, whether you're a tyranny or a democracy. Inflation makes the population |
| 1:13.4 | doubt. And once the doubt sets in, you can't erase it. Ernesto, I come to you because this |
| 1:19.7 | was one of the gems of the 19th and 20th century from the point of view of Europe. But it |
| 1:24.8 | is now in a place where $5 is 20,000 pesos. Is that sustainable? Can Fernandez resolve |
| 1:32.2 | this and win reelection? Are we looking at another state drifting into anarchy? |
| 1:37.1 | John, I think the way it is, it's not sustainable. And Fernandez will be set to lose the election. |
| 1:44.2 | But those people are very resourceful. And one thing that Fernandez counts with now is |
| 1:51.2 | Lula support and Brazil money. Lula already promised to finance a gas pipe from Argentina |
| 1:59.5 | to Brazil to bring the shale gas from the Vacamuerta shale gas deposits. This made many |
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