Javier Milei Launches Bitcoin Revolution in Argentina

[Betsy Ross]

and as a last thought about retirement, as i'm in a sort of pseudo-retirement myself at a younger age...there's really nothing stopping any of us from picking up a "spending-money" hobby that serves as a side gig to supplement the loss of the Dollar's value. i always have thought it was so strange that a small % of people decide one day that they are going to do nothing of economic value, and just "be retired" - for me, that's not only boring, but it's also putting 100% of my trust into a system that probably won't last the test of time (fixed income retirement, social security, etc.)

i just don't see the prices going up, after almost 14 months of being in Argentina. i'm doing a long-term study after buying my house about 3 months ago, to track what is the true cost of living in Mendoza for 2 humans and 1 big dog, with the home-ownership/rent/mortgage aspect taken away. so far, incredibly cheap, like 15% the cost of the USA. but i'd like a full year of data!

Probably much depends on what activities you go to and what you do. If you just sit at home or don't do much you can get by reasonably well in Argentina. If you are more active and go out to eat a lot, concerts, theatre performances, sporting events, things can add up quick. Many things like walking around in the park or many free events but it just depends how active you are in retirement. Also depends if you travel much, own a car, or boat.

Mendoza is more affordable than the big city of BA. Everything is always more in BA with the exception of maybe electricity. What are rates like in Mendoza? I heard they were more than BA.

How often are you dining out? That is the killer expense in BA now. You don't have children @StatusNomadicus and I think you said you aren't on medical insurance plan. Add in a kid and you will be shocked at the inflation. All my friends with kids tell me tuition has jumped up. Medical premiums have been terrible. HOA has jumped up since last year. All of these things you might not be dealing with but many people do deal with those expenses.

Transportation has also gone up. As others said beef prices and restaurant prices continue to go up. Grocery items have not gone up as much lately. But I almost don't go out to eat at restaurants more than once a week. I formally went out 4-5 times a week.

 

[FuturoBA]

Probably much depends on what activities you go to and what you do. If you just sit at home or don't do much you can get by reasonably well in Argentina. If you are more active and go out to eat a lot, concerts, theatre performances, sporting events, things can add up quick. Many things like walking around in the park or many free events but it just depends how active you are in retirement. Also depends if you travel much, own a car, or boat.

Mendoza is more affordable than the big city of BA. Everything is always more in BA with the exception of maybe electricity. What are rates like in Mendoza? I heard they were more than BA.

How often are you dining out? That is the killer expense in BA now. You don't have children @StatusNomadicus and I think you said you aren't on medical insurance plan. Add in a kid and you will be shocked at the inflation. All my friends with kids tell me tuition has jumped up. Medical premiums have been terrible. HOA has jumped up since last year. All of these things you might not be dealing with but many people do deal with those expenses.

Transportation has also gone up. As others said beef prices and restaurant prices continue to go up. Grocery items have not gone up as much lately. But I almost don't go out to eat at restaurants more than once a week. I formally went out 4-5 times a week.

This made me think of the monk and the minister parable...

Two close boyhood friends grow up and go their separate ways. One becomes a humble monk, the other a rich and powerful minister to the king. Years later they meet. As they catch up, the minister (in his fine robes) takes pity on the thin, shabby monk. Seeking to help, he says:

“You know, if you could learn to cater to the king you wouldn’t have to live on rice and beans.”

To which the monk replies:

“If you could learn to live on rice and beans you wouldn’t have to cater to the king.”

Most all of us fall somewhere between the two.

There's no right or wrong way to live, and personally I lean more towards the monk.

 

[Johnny]

This made me think of the monk and the minister parable...

There's no right or wrong way to live, and personally I lean more towards the monk.

Love it. Agree everyone has their own comfort levels. The tough thing is once you start a lavish lifestyle it is difficult to go back the other way. Easier to be a monk but most in the United States live beyond their means which is a problem as you get older.

 

[Larry]

i just don't see the prices going up, after almost 14 months of being in Argentina. i'm doing a long-term study after buying my house about 3 months ago, to track what is the true cost of living in Mendoza for 2 humans and 1 big dog, with the home-ownership/rent/mortgage aspect taken away. so far, incredibly cheap, like 15% the cost of the USA. but i'd like a full year of data!

You have to be the most blind person in Argentina! Either that or you stay home all day and don't do anything but play with your dog and do not go out and spend any money. I can't see how prices in Mendoza can be too much less than Buenos Aires. I am hearing from friends all over Argentina about the massive price increases in everything the past year. For you to say there is no price inflation on anything in the past 14 months makes you unbelievable on anything else.

Even the government admits that there is still around 90% inflation per year.

Food costs have gone up drastically. Prices are very dear. clothes, medicine, electronics are more expensive in Argentina than almost anywhere in the world right now. Utilities, gas, water, transportation, healthcare all skyrocketed over the past 14 months. Monthly expensas for apartments.

@StatusNomadicus now I don't even believe you are really in Argentina with this nonsense about prices not going up over 14 months. You sound like a troll. None of your posts are to be believed if you are really trying to suggest you see no prices going up after 14 months!

 

[Avocado]

You have to be the most blind person in Argentina! Either that or you stay home all day and don't do anything but play with your dog and do not go out and spend any money. I can't see how prices in Mendoza can be too much less than Buenos Aires. I am hearing from friends all over Argentina about the massive price increases in everything the past year. For you to say there is no price inflation on anything in the past 14 months makes you unbelievable on anything else.

Even the government admits that there is still around 90% inflation per year.

Food costs have gone up drastically. Prices are very dear. clothes, medicine, electronics are more expensive in Argentina than almost anywhere in the world right now. Utilities, gas, water, transportation, healthcare all skyrocketed over the past 14 months. Monthly expensas for apartments.

@StatusNomadicus now I don't even believe you are really in Argentina with this nonsense about prices not going up over 14 months. You sound like a troll. None of your posts are to be believed if you are really trying to suggest you see no prices going up after 14 months!

You took the words out of my mouth. I was thinking same thing. Anyone that claims there is no price increases over the past 14 months in Argentina probably is not even in Argentina. This is the most crazy thing I hear! What a 🤡

Is this person really living in Argentina?? Now I do not believe it. Must be a joke.

 

[Uncle Wong]

You have to be the most blind person in Argentina! Either that or you stay home all day and don't do anything but play with your dog and do not go out and spend any money. I can't see how prices in Mendoza can be too much less than Buenos Aires. I am hearing from friends all over Argentina about the massive price increases in everything the past year. For you to say there is no price inflation on anything in the past 14 months makes you unbelievable on anything else.

Even the government admits that there is still around 90% inflation per year.

Food costs have gone up drastically. Prices are very dear. clothes, medicine, electronics are more expensive in Argentina than almost anywhere in the world right now. Utilities, gas, water, transportation, healthcare all skyrocketed over the past 14 months. Monthly expensas for apartments.

@StatusNomadicus now I don't even believe you are really in Argentina with this nonsense about prices not going up over 14 months. You sound like a troll. None of your posts are to be believed if you are really trying to suggest you see no prices going up after 14 months!

@StatusNomadicus I enjoy your posts but Larry kind of has a point. I know several people in Argentina and what they are all saying matches what Larry is saying. Just about every thing I hear from my friends there, posts on this forum, posts on C and in the news media all say prices are outrageous in dollar terms. Do you really believe your cost of living has not gone up? Do you dine out at all?

Reading many posts like this on X that seem to be from credible posters all talking about increases in prices of beef. Is Mendoza really that cheap? I would have to believe they are facing inflation on everything just like the rest of Argentina.

https://twitter.com/x/status/1889704630910603730

 

[earlyretirement]

Mendoza prices shouldn't be as high as Buenos Aires prices but I'd have to believe inflation there is as bad as it is in Buenos Aires and at least 100% just like the rest of Argentina. Doubt Mendoza is immune from the inflation especially at restaurants and cafes/bars.

I just read on X that Trova which is a popular bar that they hold expat Mundo Lingo events is going to close down. I don't know if that is true or not but if true, that probably says a lot about reduction in tourists. I've been reading online and speaking to friends that co-working spaces also are much slower now with many digital nomads that have moved on to more affordable cities.

Saw this review on Trova. $9.23 Canadian is about $6.50 USD.

 

[VINO]

I would be curious to see what the basket of goods that you are comparing has not gone up in price over the past 14 months. That is just about impossible that prices are the same anywhere in Argentina on most items. Some things in the grocery store have not gone up as much but inflation the past year has been significant and it continues to go up about 3% a month on most items. With it being much worse on other things.

 

[Blockchain]

WTF?? If his account didn't get hacked I just lost all respect for Milei.

https://twitter.com/x/status/1890521742961156552

 

[Larry]

WTF?? If his account didn't get hacked I just lost all respect for Milei.

https://twitter.com/x/status/1890521742961156552

View attachment 8664

If this is not a hack Milei is dumber than I thought! 🤡🤡🤡🤡

Now do you all believe when I tell you how foolish he is!

 

[Wally]

If this is not a hack Milei is dumber than I thought! 🤡🤡🤡🤡

Now do you all believe when I tell you how foolish he is!

I don't know why he would do anything like this. I hope this is a hack.

Argentina's president unveils $LIBRA token with 82% supply unlocked across connected wallets

Argentina unveils $LIBRA token to bolster small businesses and economy, amid questions on its legitimacy and rapid market surge.

cryptobriefing.com

 

[Billy Goat]

I don't know why he would do anything like this. I hope this is a hack.

Argentina's president unveils $LIBRA token with 82% supply unlocked across connected wallets

Argentina unveils $LIBRA token to bolster small businesses and economy, amid questions on its legitimacy and rapid market surge.

cryptobriefing.com

I would think if it was a hack they would have taken it down quickly especially considering that Elon Musk and Milei are close. Or other members of the government would have said something already. This is embarrassing for him if this isn't a hack. It would also show he has very poor judgement.

 

[Jordan]

Some are saying this is the beginning of the end for him. Guess this is one of those things he should just focus on the economy and take a break from X.

https://twitter.com/x/status/1890556776891703556

 

[Larry]

Some are saying this is the beginning of the end for him. Guess this is one of those things he should just focus on the economy and take a break from X.

https://twitter.com/x/status/1890556776891703556

As if talking to dead dogs wasn't a sign of his mental problems. Now things are coming out. All involved with his campaign are scammers. This guy in his campaign was a convicted scammer trying to sell his apartment twice!

Fernando Cerimedo, el consultor de Milei que fue condenado por fraude y estafa por vender dos veces un mismo departamento

El especialista en redes que trabaja en la campaña electoral de La Libertad Avanza tuvo una pena de dos años y seis meses condicional por vender dos veces una misma propiedad en Mar del Plata; ahora fue demandado por daños y perjuicios

www.lanacion.com.ar

 

[Larry]

I have been telling you all for a long long time that he was not mentally there. You didn't listen to me. Now you will see. Probably will get impeached. How stupid to do this before the elections. His political party doesn't have the votes yet either. 🤣🤣🤣🤣

 

[Uncle Wong]

I don't know why he would do anything like this. I hope this is a hack.

Argentina's president unveils $LIBRA token with 82% supply unlocked across connected wallets

Argentina unveils $LIBRA token to bolster small businesses and economy, amid questions on its legitimacy and rapid market surge.

cryptobriefing.com

No hack. He admitted it. My opinion of Milei is starting to go down after this. What a scam. I wonder how much he got paid to post that?

https://twitter.com/x/status/1890634461185814765

Article here

Argentina’s President Javier Milei Launches Solana Meme Coin—LIBRA Crashes 89% - Decrypt

A Solana meme coin shared by Argentina's President Javier Milei skyrocketed Friday, then collapsed. Here's what you need to know.

decrypt.co

 

[Jenn]

I would think if it was a hack they would have taken it down quickly especially considering that Elon Musk and Milei are close. Or other members of the government would have said something already. This is embarrassing for him if this isn't a hack. It would also show he has very poor judgement.

Wow is this even legal him pumping meme coins from the Presidential account?

Doesn't seem like it.

https://twitter.com/x/status/1890616718856180119

 

[LyellLanatone]

You took the words out of my mouth. I was thinking same thing. Anyone that claims there is no price increases over the past 14 months in Argentina probably is not even in Argentina. This is the most crazy thing I hear! What a 🤡

Is this person really living in Argentina?? Now I do not believe it. Must be a joke.

A chicken burger meal at KFC went from 7200 pesos to 8900 in just the last month. A 23 % increase in 1 month !

 

[Larry]

A chicken burger meal at KFC went from 7200 pesos to 8900 in just the last month. A 23 % increase in 1 month !

But the government is saying inflation is only 2.3% a month! 🤣

People can't afford beef so they switched to chicken. Now chicken prices are also going up. I think maybe Milei did the crypto scam on purchase because he know the economy is going to fall apart and maybe he wants to be kicked out of office.

 

[Tommy]

Wow is this even legal him pumping meme coins from the Presidential account?

Doesn't seem like it.

https://twitter.com/x/status/1890616718856180119

This was very strange for Milei to shill for a memecoin. The way he did it too. It wouldn't have gotten pumped up unless he did it like he did. Then he went radio silent for 6 hours and did not post any updates. This is not presidential behavior. I don't know how people can make excuses about it. I notice the local media is not covering it or talking about it.

I don't care what anyone says. The guy is very strange. Talking to dead dogs and such.

A chicken burger meal at KFC went from 7200 pesos to 8900 in just the last month. A 23 % increase in 1 month !

I just don't understand how locals pay these prices. Go to any kiosko and a bottled water is the same price as it is in the USA now. I got a bottled water the other day. It was not a big bottle and it was almost $2 dollars. How are locals coping with these prices?

Restaurant prices keep going up. Your example is a good one @LyellLanatone. It is strange. Do you think all of these poverty statistics are true? I don't think they can be with what I see around. I came back from a trip to Brazil and the airport is full of Argentines traveling to Brazil. These locals make a fraction of what some of us expats are making and they are always going out to eat and traveling.

I see stores closed for all of January. How can they afford to do that?? I am beginning to think that things here were never as bad as what people claimed it was.

Something doesn't add up.