Argentina. In debt to the IMF**. Perpetually. Since 1958 to now. 2023.

Trillion is a number: 1,000,000,000,000, i.e. one million million

Value of $14,300,000,000 from 1959 to 2023;

$14,300,000,000 in 1959 is equivalent in purchasing power to about $149,933,288,659.79 today, an increase of $135,633,288,659.79 over 64 years. The dollar had an average inflation rate of 3.74% per year between 1959 and today, producing a cumulative price increase of 948.48%.

This means that today's prices are 10.48 times as high as average prices since 1959, according to the US Bureau of Labor Statistics consumer price index. A dollar today only buys 9.538% of what it could buy back then.

The inflation rate in 1959 was 0.69%. The current inflation rate compared to last year is now 2.97%. If this number holds, $149,933,288,660 today will be equivalent in buying power to $154,386,307,333 next year.

The latest vile of Fantasy was issued on credit, from the dealer to the addict on the provision that the medicine[bitcoin], much needed by the peoples[victims] of Argentina - will be made inaccessible. Real. Fucking. Nice.

**Enable members to correct maladjustment's in their balance of payments without using 'measures destructive of national or international prosperity'.

Reply to this note

Please Login to reply.

Discussion

No replies yet.