Argentina economy looking to US dollar during crisis

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Al Jazeera English

Al Jazeera English

Hace 8 meses

Argentina is in the middle of an economic crisis, and it is the US dollar that is in the spotlight once again. Argentines are looking at the dollar to save themselves instead of the country in general.

Al Jazeera's Teresa Bo reports.
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Comentarios
Vipin Yadav
Vipin Yadav Hace 2 meses
Argentina every once in a while.. here we go again hahaha 😆😂🐧
Fabian Barnes
Fabian Barnes Hace 4 meses
Break the pattern drop the peso and only trade and do business in US currency
Andrew Theodore
Andrew Theodore Hace 5 meses
neo liberalism in action - corruption globalism to appease the elite
Alex Mercer
Alex Mercer Hace 6 meses
Seems like Argentina was only so rich in the early 20th century because of agriculture and resources, but technology has only gotten way more complex and valuable since then.
Fernando Kaiser
Fernando Kaiser Hace 7 meses
Argentina's economy was always unstable, and this time is not different.
Alejandro VáSquez
Alejandro VáSquez Hace 8 meses
Lo único que se puede decir es que Mauricio Macri Decepciono a todos los que votaron por el.
Denis Cortes
Denis Cortes Hace 8 meses
They (the word) blames America for every evil. When disaster strikes they all bless America. I WONDER WHY?
Dark PePe
Dark PePe Hace 8 meses
We need to build the wall fast and keep these dirty Latinos out
Ascanius
Ascanius Hace 8 meses
And as long as they continue with central banks they will be as rats on a wheel just as we all are Peace
Divergent Evolution
Divergent Evolution Hace 8 meses
You cant fix stupid.
Michael De santa
Michael De santa Hace 8 meses
IMF has join the chat
Benjamin Elkanem
Benjamin Elkanem Hace 8 meses
Weed.
sanitman1
sanitman1 Hace 8 meses
Get rid of the Rothschild installed central bank , problem solved !!!
RBS RBS
RBS RBS Hace 8 meses
becoming next venezuela😓😓😓
John Phil
John Phil Hace 8 meses
Fuerza iinteligencia Pueblo Argentino Hasta la victoria Siempre Argentinos unidos jamas seran vencidos Divididos seremos esclavos Unidos estoy seguro que los batiremos hagamos un esfuerzo de patriotismo depongamos resentimientos particulares y concluyamos con honor..........
1queijocas
1queijocas Hace 8 meses
A solução és simples, privatize toda a economia e acabe com todos os subsídios. Retire o salário mínimo e deixe os impostos bem baixos
joseaca
joseaca Hace 8 meses
Dejen de votar por zurdos entonces
jacktheflipper
jacktheflipper Hace 8 meses
Banana Republic
Andrew Theodore
Andrew Theodore Hace 8 meses
no the dollar is being printed like there's no tomorrow here in us. go to monero or something else
hfredydl
hfredydl Hace 8 meses
When isn’t Argentina in an economic crisis smh
bbeu rakess
bbeu rakess Hace 8 meses
I think Argentina needs to stable it's economy and that's is the role of the government to control the economy and come up new policies to reduce the risk of high inflation
Khalid AlAli
Khalid AlAli Hace 8 meses
I have no sympathy for Nazis. Your country is corrupt and racist. I hope you get invaded by Brazil.
ManLikeH
ManLikeH Hace 8 meses
Messi help your people they are struggling
Bandit99
Bandit99 Hace 8 meses
The real question here is why is her shirt unbuttoned. I was trying to find her cleavage but all I saw was a long chest.
Garlic
Garlic Hace 8 meses
Ikr
SodiumHydroxide 2
SodiumHydroxide 2 Hace 8 meses
Soon they'll invade the Falklands as a scapegoat lol
Matt Biden
Matt Biden Hace 8 meses
The American dollar is to good for these socialist scumbags.
Matt Biden
Matt Biden Hace 7 meses
@Ojberretta Berretta So why did the US remove him if he wasn't a communist?
Ojberretta Berretta
Ojberretta Berretta Hace 7 meses
@Matt Biden i didnt say anything about imperialism so i have no idea why you mention imperialism..... they didnt remove him because of communism he hated the comminist...the syndicates wich had huge following were too powerful and the ultra right wing military had removed him ....
Matt Biden
Matt Biden Hace 7 meses
@Ojberretta Berretta You left out that part where we removed him because he was a socialist/communist. NOT because of muh imperialism.
Ojberretta Berretta
Ojberretta Berretta Hace 7 meses
@Matt Biden argentina did well till the 50s almost as good as usa back then until we voted peron wich implemented peronism wich is a mix between fascism and socialism it has nothing to do with latinos
Matt Biden
Matt Biden Hace 8 meses
@Matt Kennedy That's good that you decided to be a capitalist.
Work With Nature - How to Grow Food!
Work With Nature - How to Grow Food! Hace 8 meses
Buy silver. This will happen on a global scale soon!
Maurazio
Maurazio Hace 8 meses
if they want to solve the problem they have to fire half of gov't employees, but if you do that you get massive riots. they need to explain people how money works before trying to change anything.
cheesecake lover
cheesecake lover Hace 8 meses
They shouldn't rely on US dollar so much. Their govt should reserve gold bars not dollar
El At
El At Hace 8 meses
This is what the Americans like to see.
tawonga munyanduri
tawonga munyanduri Hace 8 meses
Lol this is nothing ,in Zimbabwe we wish it was as good as Argentina
Sreysrahw C
Sreysrahw C Hace 8 meses
Thanks to the CLOWN MUGABE, NOW YOU CAN EAT DIRT.
Thirsty Serpent
Thirsty Serpent Hace 8 meses
@James Parker Argentina has had Chronic Depressions/Recessions going back to the 1940's due to attempts at pushing through hard left policies, they've never recovered since.
Thirsty Serpent
Thirsty Serpent Hace 8 meses
What are your thoughts on South Africa copying Zimbabwe and announcing plans to print infinite money?
B.C Drisk
B.C Drisk Hace 8 meses
Well you racists kicked out the white farmers
James Parker
James Parker Hace 8 meses
Argentina actually has had the worst long term inflation in the world. Yes individual years countries like Venezeual and Zimbabwe have passed them, but no country had dealt with hyper inflation as long as Argentina.
Life Is a joke
Life Is a joke Hace 8 meses
Correction; Looking to Bitcoin...
Conscious Crypto
Conscious Crypto Hace 8 meses
USD? Well I guess relative to other fiat currency it's doing all right, but it devalued by 5% just last year. And now the Fed has restarted QE, so expect a loss of more than 5% of value this next year. Better to hold your wealth in gold and Bitcoin, Argentinians.
Touhidul Islam Abir
Touhidul Islam Abir Hace 8 meses
@Maurazio I doubt about stability of those. Gold is the better solution. But look at what happened to Gaddafi for trying to bring gold backk as common currency.
Maurazio
Maurazio Hace 8 meses
@Touhidul Islam Abir next year maybe they can buy libra, a so called stable coin
Conscious Crypto
Conscious Crypto Hace 8 meses
@Touhidul Islam Abir Then I really hope you believe that and act in a manner consistent with your beliefs, now and forever, pauper.
Touhidul Islam Abir
Touhidul Islam Abir Hace 8 meses
Lol bitcoin is a joke with no stability
toady
toady Hace 8 meses
Argentina's fundamental flaw is geographical: it doesn't share a border with the US.
N Esq
N Esq Hace 8 meses
Make Argentina the 52nd state of America
Kexin
Kexin Hace 8 meses
I'm not sure which one is lower, Argentina's economy or the reporter's neckline.
Masterr Laster
Masterr Laster Hace 8 meses
And the Economy is as flat as her chest..
joe 90
joe 90 Hace 8 meses
Latinos couldn't run a hot dog stand..here we go again
Ojberretta Berretta
Ojberretta Berretta Hace 7 meses
argentina did well till the 50s then we voted peronist wich is a mix between fascism and socialism
1queijocas
1queijocas Hace 8 meses
Chile is doing pretty well; it will be a first world country in the coming decades
IMxYOURxDADDY
IMxYOURxDADDY Hace 8 meses
@Crim Sin he never said it was you idiot
Tyler Solvestri
Tyler Solvestri Hace 8 meses
@J H He didn't said that it was...
J H
J H Hace 8 meses
joe 90 Latinos ain't a race stupid
Dennis Nelson
Dennis Nelson Hace 8 meses
Leftists fail again. Look to China and Russia for your new friends. We're done with leftists fascist. Sorry...
fernarias
fernarias Hace 8 meses
Just get rid of the socialism that came in with the italian migrants and argentina would be fine. It did well in the 19th and early part of the 20th century because it was a small government constitutional government formed from the ideas of the enlightenment era (highest per capita gdp in 1901 and first country to abolish slavery).
Ted Bishop
Ted Bishop Hace 8 meses
I was in Argentina in 1986. A lot of it was based on the Dollar back then.
Frank Hoe
Frank Hoe Hace 8 meses
It's time to elect Messi for president.
Denis Cortes
Denis Cortes Hace 8 meses
You meant messy?
444 MEDIA
444 MEDIA Hace 8 meses
Same situation in india, because of foolishness
Manuel Pistolas
Manuel Pistolas Hace 8 meses
Don't worry futbol will save them.
Youtuve Youtuve
Youtuve Youtuve Hace 8 meses
Boycott dollar? The heck this people in comment saying this stuff, your just showing you guys are dumb its argentinian fault and its politician bad governance, why font you just let the americans take over your country, but that wont happen coz of your political mafias
Travis Warren
Travis Warren Hace 8 meses
Does this mean I can fly to Argentina and buy a mansion with very little? I'm American btw
fernarias
fernarias Hace 8 meses
@Party and Happy Asset forfeiture happens more often in the US. The Obama administration loved to steal land from it's citizens and since those employees are still part of the system it's still happening. No trial needed in most cases.
J H
J H Hace 8 meses
N Esq depend what part u staying at or passing by
Party and Happy
Party and Happy Hace 8 meses
Yes you can, but the government could expropriate your mansion.
N Esq
N Esq Hace 8 meses
@fernarias nyc will be a disaster in the next 10 years. Homelessness Is through the roof many working people sleeping on trains now you can't even get a seat. Winters are the worst as it's too cold outside so the all live on the trains.
fernarias
fernarias Hace 8 meses
@Travis Warren Me too, since 72, LA's south bay area. It's been horrifying to see the changes.
Youtuve Youtuve
Youtuve Youtuve Hace 8 meses
Just pledge already to the US flag so you become stable
Rhoda G
Rhoda G Hace 8 meses
They better run to China
True North Strong and Free
True North Strong and Free Hace 8 meses
Just ask Emperor Xi for a few billion dollars! It will only cost you control of your country!
jordan
jordan Hace 8 meses
Like all Latin countries Argentina is extremely corrupt.
Marquo Reign
Marquo Reign Hace 8 meses
Kyle Saldana you clearly offer no useful insight into this conversation.
Peter
Peter Hace 8 meses
Dennis Flo what?
Peter
Peter Hace 8 meses
Masterr Laster the dictator the CIA installed tortured his own citizens, a school of the Americas grad
y2k6summi
y2k6summi Hace 8 meses
@Peter Don't forget Libya.
Kyle Saldaña
Kyle Saldaña Hace 8 meses
@Westin Taylor If you're going to be a bigot at least spell correctly, "burden" is what you're looking for.
Suzann Puppies are precious
Suzann Puppies are precious Hace 8 meses
Why Should Others Boy- Cott the Dollar, When Argentina has made their own problems by overspending and going beyond their means. It's not the dollars fault it's the argentinians fault for not disciplining themselves not to overspend. When Argentina learns not to overspend then they will value the dollar but until then Argentina will be going to the same situation over and over no matter what currency it may have.
Divergent Evolution
Divergent Evolution Hace 8 meses
Argentina's problems are directly related to how close they are with NATO.
Suzann Puppies are precious
Suzann Puppies are precious Hace 8 meses
@Thadius Sean , Argentina can't spend all their money and expect not to be broke. People hate the Rich Man but he brings jobs. Argentina can't expect Countries to Bail them out and not pay them back. In America we almost went bankrupt and all of us American Citizens had to Bail the Banks out. We couldn't ask for any other Countries to Bail Us Out In America. We lost our 401 Retirement Plan to Bail Out Our Country America . Payed Higher Taxes, and Our Children and Grandchildren even have to pay for a System to Bail Out Our Country America . Until We Got A Great Business Man For Our President Donald Trump and Brought Back Our Own Companies Back In America Now We are doing much better. we had to give incentives to our own companies to come back to America and bring jobs to our American citizens. This is why China is fighting us is because we brought back our own companies to America. Our Own Companies are no longer getting tax write-offs for taking our business to other countries. We stay away from China because they don't believe in fair trade. China caused America to lose employment and We suffered over it. We are no longer buying to many exports except with countries that believe in fair trade like South Korea that we buy Kia cars from. Most of our cars now are being manufactured and built in America that's why our country is doing great now. We Americans had to come together and work together to save our own country America from going bankrupt. We had to stopped big spending and most of us live moderately. People can't expect to have Countries bail out Argentina , Then They keep sending like it's no tomorrow. This is why Argentina is in trouble now. Anytime you have a socialist government, that government takes control over everything including your freedoms.
Thadius Sean
Thadius Sean Hace 8 meses
Argentina is like a crack addict. Each time the government starts to enact policies that help the economy, they vote back in a socialist who promise to spend to the moon.
Bradley Gaju
Bradley Gaju Hace 8 meses
America played a massive part destabilizing Argentina in the latter half of the 20th century
A VR
A VR Hace 8 meses
America is the continent
________
________ Hace 8 meses
America also distabilized Chile, yet you don't see anywhere this level of problem. The current Argentina economic issues come from it's own policies.
sidharth dey
sidharth dey Hace 8 meses
better than India I see
phadi Uttrakhand
phadi Uttrakhand Hace 8 meses
Lol 🤣🤣🤣
RonnieNolanRaharjo
RonnieNolanRaharjo Hace 8 meses
The basic problem is that Argentina is consuming much more than it is producing, thus necessitating borrowings which it cannot pay back. The solution is for the country to live within its means, whether that be to increase its means to match its living or reduce its consumption to match what its productive capacity affords remains the question. But until this is achieved, Argentina will continue this cycle of borrowing, spending and defaulting, lurching from one crisis to the next.
I know I'm an asshole, but
I know I'm an asshole, but Hace 8 meses
@Maurazio isn't something like 30% of Argentina working for the government or a state owned company?
Maurazio
Maurazio Hace 8 meses
they would have to fire half of gov't employees, then you have riots and you lose the next elections. they really need to educate people.
I know I'm an asshole, but
I know I'm an asshole, but Hace 8 meses
Its seems obvious to everyone. But its hard to sell to an electorate... the economist candidate for president who proposed that got 2% in the primaries.
fun with friends
fun with friends Hace 8 meses
We reject dollars please boycott dollar
Emon Hussain
Emon Hussain Hace 8 meses
How far you know about currency?
Suzann Puppies are precious
Suzann Puppies are precious Hace 8 meses
This is a Problem your own Country has made for it's self by over spending and going through the same thing over again. Why Should Other Countries have to suffer for your unwilling to stay in your own means. Other Countries are doing fine with the Value of the dollar System, Why can't your's
fun with friends
fun with friends Hace 8 meses
# boycott dollars
fun with friends
fun with friends Hace 8 meses
# boycott dollars
fun with friends
fun with friends Hace 8 meses
Boycott dollars
Hans Erich Pediapco
Hans Erich Pediapco Hace 8 meses
argentina is doomed. when pigs have grown fat, they are ripe for the slaughter
Mohd Shariq
Mohd Shariq Hace 8 meses
Karl Marx we miss u
Alberto Fuijimori
Alberto Fuijimori Hace 8 meses
@Da Da "It'll work this time, I promise"
Da Da
Da Da Hace 8 meses
Marx 2.0 is coming. This time, with a realistic plan.
Random Person
Random Person Hace 8 meses
Mohd Shariq he’s not going to solve your issues
I know I'm an asshole, but
I know I'm an asshole, but Hace 8 meses
No one who lived under his policies misses him.
Old School
Old School Hace 8 meses
China is all in Argentina. Let China save them oh wait that will never happen
Underdog TV
Underdog TV Hace 19 días
@Fenris Wolf However Argentina economy will be better off with the Chinese because they actually invest it back into the economy unlike the U.S
Alex Mercer
Alex Mercer Hace 6 meses
It's because you idiots are so useless to begin with that you're begging for Chinese money, without which you'd be even more useless.
Sumone Chan
Sumone Chan Hace 8 meses
@Anime watch Good luck electing a leader that cuts social security and raises taxes...
Si Filey
Si Filey Hace 8 meses
The West Excersising It's Oppressive Colonial Powers. Evil Western Colonialism Oppression Still Exists And We All Still Suffer. They've been destroying countries forever. Malcolm X - *How the White Man Taught You How To Hate Yourself and Your People and your Culture*
Si Filey
Si Filey Hace 8 meses
@Old School like how the British own the Argentina Islands of the Falklands? Yeah Ok.
ioan pena
ioan pena Hace 8 meses
Argentina is just too corrupt to sustain itaelf !!! Argentina is now one of the cheapest place to visit for foreigners in south America ...but for Argentinians life becomes more and more expensive !!!
alcalde de tu culo
alcalde de tu culo Hace 8 meses
@Legolas king wat
Legolas king
Legolas king Hace 8 meses
@T M hahaha you wish . i am destined to become the next president of argentina and i will bring prosperity and estability back to that country. it's God's will for me and that country . have you watch joseph's king of dreams???
Vikas
Vikas Hace 8 meses
How much does one need to earn to live middle class life in argentina ?
T M
T M Hace 8 meses
Argentina must just give in like how zimbabwe did.
TierraSurNow
TierraSurNow Hace 8 meses
@Balla JallowJust wait there.. that is what most people think. The local Peso may have devaluated very fast but most of the prices are anchored to the US Dollar so they go up everyday specially high value items like cars and houses, that is the reason they watch the price of the dollar very close... of course the only thing doesn't go up fast are salaries and wages.
Uncle Ruckus
Uncle Ruckus Hace 8 meses
Argentina=sicilians and andaluz = disastre disaster
flavio archanjo
flavio archanjo Hace 8 meses
😂😂
C. Lincoln
C. Lincoln Hace 8 meses
I thought you loved the mayo man?
future tv
future tv Hace 8 meses
God save Argentina and it's peole
Walden
Walden Hace 8 meses
Perhaps God is punishing them.
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