Argentina Peso – New Circle of F/X Hell…
USD/ARS 58.5000 +29.29%
All Time High 62.00
even Dante didn’ t create Hell like Argentinian Inferno…
The country is on the verge of default again. The right-wing president didn’t succeed in reversing the collapse of the economy and people have voted again for the extreme left. As a result, the Peso is plunging 30% against US dollar, and panic is spreading in Argentina.
The situation could evolve into civil unrest and bank runs.
Remember Parravicini (the guy who prophesied the 9/11 attacks) said that Argentina was going to suffer an economic storm – and this economic and social storm will set an example of what will be expected next in the rest of the world afterwards.
— jeroen blokland (@jsblokland) August 12, 2019