Gyroscopic Investing

Argentina President Fernandez de Kirchner unveils a new bank note featuring a portrait of former First Lady Eva Peron in Buenos Aires.

From this story...
http://www.telegraph.co.uk/finance/fina ... fault.html

Comical situation that fortunately doesn't affect me.  I have no sympathy for Argentina, nor the people that loan that country money.

News flash for hedge funds.... Argentina likes to default.  If you loan Argentina money and wake up one day and they stop paying, you should not be surprised.

The new 100 peso banknote honors Evita Peron, the co-patron saint of Argentina's culture of bankruptcy, along with her much-bemedaled hubby Juan Peron.

Argentines know they better spend those 100 peso Evita notes soon, before they drop to 100 centavos in value. 

goodasgold wrote: The new 100 peso banknote honors Evita Peron, the co-patron saint of Argentina's culture of bankruptcy, along with her much-bemedaled hubby Juan Peron.

Argentines know they better spend those 100 peso Evita notes soon, before they drop to 100 centavos in value. 

They should have saved room to add zeros for down the road when they need to pay back debt in devalued dollars

clacy wrote:

goodasgold wrote: The new 100 peso banknote honors Evita Peron, the co-patron saint of Argentina's culture of bankruptcy, along with her much-bemedaled hubby Juan Peron.

Argentines know they better spend those 100 peso Evita notes soon, before they drop to 100 centavos in value. 

They should have saved room to add zeros for down the road when they need to pay back debt in devalued dollars

pesos......unless that was a freudian slip Clacy! 

Kshartle wrote:

clacy wrote:

goodasgold wrote: The new 100 peso banknote honors Evita Peron, the co-patron saint of Argentina's culture of bankruptcy, along with her much-bemedaled hubby Juan Peron.

Argentines know they better spend those 100 peso Evita notes soon, before they drop to 100 centavos in value. 

They should have saved room to add zeros for down the road when they need to pay back debt in devalued dollars

pesos......unless that was a freudian slip Clacy! 

It was.  The dollar is the new peso

The dollar is the new papiermark. 

http://en.wikipedia.org/wiki/German_Papiermark

... Mountaineer

[quote=clacy]They should have saved room to add zeros for down the road when they need to pay back debt in devalued dollars[/quote]

There seems to be a lot of blank space on either side of the "100", perfect for adding zeros.