Confirmed - The Central Bank of Argentina is Manipulating the Exchange rate

[VINO]

I know it! This Milei government is nasty. More lies. What do you expect. No matter the exchange rate is so high. All games and lies.

The Central Bank (BCRA) is "stepping on" the dollar futures, rekindling doubts in the City about the credibility of the Caputo plan.​

Fuerte intervención del BCRA en el dólar futuro reaviva dudas en la City sobre la credibilidad del plan Caputo

El Banco Central confirmó que tiene unos u$s2.000 millones en posturas del mercado futuro, con lo que contiene al tipo de cambio. Críticas en el mercado

www.iprofesional.com

 

[Larry]

Duh! I told all of you Milei is a fraud. He will probably end up in jail. What did you expect when he is using the same people that got us into these problems! Caputo! Macri's old hatchet squad.

 

[Avocado]

Duh! I told all of you Milei is a fraud. He will probably end up in jail. What did you expect when he is using the same people that got us into these problems! Caputo! Macri's old hatchet squad.

Imagine what the exchange rate would be if they didn't take this $2 billion! Now the blue rate is still going up. I don't think they can stop it now!

 

[James Bond]

Part of the reason I left for Spain and I am glad I did. The cost of everything in BA has shot up! My medical in Spain is dirt cheap! In BA now the same thing would be $400 USD per month! I just checked and the old apartment I had the monthly expenses is over $350 USD per month now! That is on the expenses alone!

I didn't think there was much hope. The food is terrible in BA for the most part. Terribly unhealthy seed oils. Good stuff is expensive. Here in Spain I eat out and it's healthy and fresh and cheap! The government will do all it can to keep things stable before the elections but they will burn through a lot of money trying to keep things stable.

 

[Wally]

Definitely there is manipulation. Some people are getting rich off of this. I saw this on X and it is correct.

 

[nikad]

Definitely there is manipulation. Some people are getting rich off of this. I saw this on X and it is correct.

Unfortunately Argentina has always been like this. Fraud and corruption won't change overnight. Probably not in a decade or more. Milei and his sister are corrupt too just like all the other politicians.

Taking out $45 Billion and $20 Billion recently is one of the greatest mistakes of our generation. We will never be able to pay it off. I'm afraid things will not turn around. Only some people will keep making money. People in land and real estate but everyone else is doomed.

 

[Rich One]

Unfortunately Argentina has always been like this. Fraud and corruption won't change overnight. Probably not in a decade or more. Milei and his sister are corrupt too just like all the other politicians.

Taking out $45 Billion and $20 Billion recently is one of the greatest mistakes of our generation. We will never be able to pay it off. I'm afraid things will not turn around. Only some people will keep making money. People in land and real estate but everyone else is doomed.

I think you are right. Milei might not be outright stealing but that Libra thingy was a real eye opener.

Cristina is probably playing this song and if there is any justice her and Milei will share a jail cell.

 

[Rich One]

Definitely there is manipulation. Some people are getting rich off of this. I saw this on X and it is correct.

All Milei did was promise to the IMF that the BCRA wouldn't directly intervene by selling dollars like Macri. But their intervening unofficially is their way via the futures market. It's really the same thing. Promises promises.

 

[Ceviche]

Do any of you find it strange that there were plenty of interventions in 2023 and even though that was the case the exchange rate followed the inflation. All of a sudden from February 2024 to February 2025 there were no interventions at all but the exchange rate didn't change in a year. It's all manipulated!

Argentina doesn't care about promises to the IMF. People are getting rich off of this! All of Caputo's friends. IMF is a gang of thieves too. IMF just wants Milei to win these elections. People are getting rich. They don't really care about Argentina. They care about their friends. It didn't work the first time. I doubt it works this time either .

It's all smoke and mirrors.

 

[steveinbsas]

I think you are right. Milei might not be outright stealing but that Libra thingy was a real eye opener.

Cristina is probably playing this song and if there is any justice her and Milei will share a jail cell.

That will never happen. No politician in Argentina ever goes to jail. Everyone knows that.

 

[ElQueso]

All Milei did was promise to the IMF that the BCRA wouldn't directly intervene by selling dollars like Macri. But their intervening unofficially is their way via the futures market. It's really the same thing. Promises promises.

JP Morgan just came out I read talking about the intervention. It is going on. @earlyretirement just posted about it.

Thread 'JP Morgan recommends to Exit Carry Trade Positions in Argentina'

Monday at 12:55 AM

JP Morgan takes BuySellBA's recommendation to Exit Carry Trade Positions in Argentina

As we posted a few weeks ago, you will see BIG MONEY start exiting carry trade positions before the October mid-term election. It's happening even sooner than we thought.

JP Morgan delivers a notably cautious and critical assessment of Argentina's current economic strategy under President Javier Milei and Economy Minister Luis Caputo.

⛔️Recommendation to Reduce Exposure: J.P. Morgan advises investors to step back from Argentine assets, specifically recommending an exit from the popular "carry trade"...

• earlyretirement
• carry over carry trade exit jp morgan
• Replies: 20
• Forum: ExPat Life

• 
• 
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If you look at all the money Argentina has taken in over the past decades and all their external debt they always burned the funds intervening in the exchange rate. This time is no different.

 

[Finance Prof]

J. Paul Getty: “If you owe the bank $100, that’s your problem. If you owe the bank $100 million, that’s their problem.”

At a certain point, it’s not even about the money anymore—it’s about keeping up the sparkly illusion that neoliberal economics is some magical elixir the IMF dishes out to debtor nations. ‘Cause if Argentina fails, it kinda exposes the entire grifty game of shoveling wealth upward like it’s going out of style.

Everyone knows the Central Bank has been playing with the exchange rate. Meanwhile, Caputo’s “Plan Llegar” is basically just Massa’s plan with new wrapping paper and no surprise—it’s gonna end the same way: the dollars run out, the music stops, and the exchange rate comes crashing back to planet Earth.

Every day, I see Mileistas yelling louder than a toddler hopped up on Red Bull, insisting there’s no exchange rate lag. Yet somehow Argentina’s been slapped with “standalone market” status by MSCI AGAIN, ‘cause the CEPO's s is still going on for corporations and nobody trusts that this exchange rate façade can hold up.

Wanna see a neon red warning sign? Check out the TNA on loans—hovering around 100%—while the BCRA’s TAMAR is crazy at 34+%. Sure, Argentine banks are basically professional loan sharks, but when they’re charging triple-digit rates, it’s because they smell danger ahead—either a brutal exchange rate correction, runaway inflation, or incomes cratering into a black hole.

Honestly, the whole economy feels like watching people frantically swap seats on the Titanic. Because guess what? Once Argentina smacks into the iceberg of economic reality, all those billions flushed down the drain to keep the peso overvalued are gone—and all we’ll have left is an even bigger mountain of debt and a hangover for the ages.

 

[Jeep]

J. Paul Getty: “If you owe the bank $100, that’s your problem. If you owe the bank $100 million, that’s their problem.”

At a certain point, it’s not even about the money anymore—it’s about keeping up the sparkly illusion that neoliberal economics is some magical elixir the IMF dishes out to debtor nations. ‘Cause if Argentina fails, it kinda exposes the entire grifty game of shoveling wealth upward like it’s going out of style.

Everyone knows the Central Bank has been playing with the exchange rate. Meanwhile, Caputo’s “Plan Llegar” is basically just Massa’s plan with new wrapping paper and no surprise—it’s gonna end the same way: the dollars run out, the music stops, and the exchange rate comes crashing back to planet Earth.

Every day, I see Mileistas yelling louder than a toddler hopped up on Red Bull, insisting there’s no exchange rate lag. Yet somehow Argentina’s been slapped with “standalone market” status by MSCI AGAIN, ‘cause the CEPO's s is still going on for corporations and nobody trusts that this exchange rate façade can hold up.

Wanna see a neon red warning sign? Check out the TNA on loans—hovering around 100%—while the BCRA’s TAMAR is crazy at 34+%. Sure, Argentine banks are basically professional loan sharks, but when they’re charging triple-digit rates, it’s because they smell danger ahead—either a brutal exchange rate correction, runaway inflation, or incomes cratering into a black hole.

Honestly, the whole economy feels like watching people frantically swap seats on the Titanic. Because guess what? Once Argentina smacks into the iceberg of economic reality, all those billions flushed down the drain to keep the peso overvalued are gone—and all we’ll have left is an even bigger mountain of debt and a hangover for the ages.

Anyone that has gone out to eat in BA at a nice restaurant knows how expensive things are. This exchange rate is fake. Yes inflation has gone down but it has not translated into any sort of true recovery. If things were good then interest rates would be lower but they are still sky high.

 

[earlyretirement]

Anyone that has gone out to eat in BA at a nice restaurant knows how expensive things are. This exchange rate is fake. Yes inflation has gone down but it has not translated into any sort of true recovery. If things were good then interest rates would be lower but they are still sky high.

I have been posting on Argentina for 23 years online. I have timed several cycles successfully. I bought after the corralito after 2002 and bargain basement prices, I sold 95% of our entire portfolio at the peak in 2017/2018 and then bought again starting July 2023 and it went up.

I have been posting on X for a while now that there is manipulating going on even if not "officially". Every single day I post about the gross and net reserves of the Central Bank. I do this for a reason. I posted several weeks ago that the big money would start exiting and unwinding their carry trade positions. Go on X and see. I laid it all out.

 

[JonJLA]

I have been posting on Argentina for 23 years online. I have timed several cycles successfully. I bought after the corralito after 2002 and bargain basement prices, I sold 95% of our entire portfolio at the peak in 2017/2018 and then bought again starting July 2023 and it went up.

I have been posting on X for a while now that there is manipulating going on even if not "officially". Every single day I post about the gross and net reserves of the Central Bank. I do this for a reason. I posted several weeks ago that the big money would start exiting and unwinding their carry trade positions. Go on X and see. I laid it all out.



View attachment 9403

I read your posts on X religiously. I learned 20+ years ago when you say something to pay attention! I made a lot of money with you over the past 20 years. I sold my other apartment at a great time in 2017 thanks to you. I noticed a big drop in tourism. My apartment is still renting but I had to drop my prices a bit. But still not bad.

Do you think tourism will boom again @earlyretirement ? This was a great read!

La versión libertaria del plan platita

El Gobierno adapta a su modo la lógica del año impar, que consiste en perseguir un triunfo electoral a costa de desequilibrios futuros; el desafío de Milei de no caer en su propia trampa

www.lanacion.com.ar

 

[Larry]

Of course they are manipulating the exchange rate! I have been saying Milei was a phony from the beginning! You will all see I was correct! How can he call the caste that got us into this mess (Caputo and company) the worst and then hire the same people! You will see that I was correct. Milei is a phony.

 

[earlyretirement]

I read your posts on X religiously. I learned 20+ years ago when you say something to pay attention! I made a lot of money with you over the past 20 years. I sold my other apartment at a great time in 2017 thanks to you. I noticed a big drop in tourism. My apartment is still renting but I had to drop my prices a bit. But still not bad.

Do you think tourism will boom again @earlyretirement ? This was a great read!

La versión libertaria del plan platita

El Gobierno adapta a su modo la lógica del año impar, que consiste en perseguir un triunfo electoral a costa de desequilibrios futuros; el desafío de Milei de no caer en su propia trampa

www.lanacion.com.ar

Thanks @JonJLA for your continued trust and business over the past 2 decades. Wow, where did the time go?! It went by so quickly. We ALL made a lot of money on Palermo Uno! That was my biggest ROI+ winner in all my investments in Buenos Aires. It was crazy. Myself I bought 5 units in that building and Luciano, my partner who you know bought 4. I will look for the original boleto but was crazy we paid $47,000 USD for those studios! Between cash flow and capital appreciation it was almost 8X return from 2004 to 2017!

Now even though tourism is dead, my places are all renting out well. We are the same as you Jon. Lowered prices a bit but thrilled with the ROI (capital appreciation and cash flow). That building Meet Palermo that I told you about in 2023 has been a winner! @Johnny has only had 7 nights not rented since December 2024. Been nuts the ROI and the values have flown up as I predicted.

Take a look at this WSJ article. Almost all of these people are clients. The articles mentioned one of the units I bought in Palermo Hollywood but it references the penthouse I bought for Alan. It paid for itself in 3.6 years in rentals! Was crazy! He still owns it.

YES, tourism will boom again. Things always flip in Argentina if you wait long enough.

Buenos Aires Lures Foreign Buyers With Tumbling Prices - WSJ

By: Katy McLaughlin

buysellba.com

 

[Uncle Wong]

Thanks @JonJLA for your continued trust and business over the past 2 decades. Wow, where did the time go?! It went by so quickly. We ALL made a lot of money on Palermo Uno! That was my biggest ROI+ winner in all my investments in Buenos Aires. It was crazy. Myself I bought 5 units in that building and Luciano, my partner who you know bought 4. I will look for the original boleto but was crazy we paid $47,000 USD for those studios! Between cash flow and capital appreciation it was almost 8X return from 2004 to 2017!

Now even though tourism is dead, my places are all renting out well. We are the same as you Jon. Lowered prices a bit but thrilled with the ROI (capital appreciation and cash flow). That building Meet Palermo that I told you about in 2023 has been a winner! @Johnny has only had 7 nights not rented since December 2024. Been nuts the ROI and the values have flown up as I predicted.

Take a look at this WSJ article. Almost all of these people are clients. The articles mentioned one of the units I bought in Palermo Hollywood but it references the penthouse I bought for Alan. It paid for itself in 3.6 years in rentals! Was crazy! He still owns it.

YES, tourism will boom again. Things always flip in Argentina if you wait long enough.

Buenos Aires Lures Foreign Buyers With Tumbling Prices - WSJ

By: Katy McLaughlin

buysellba.com

Wow an apartment in Soho only paid for itself in 3.6 years! That is crazy! Is that the building you sold all your properties in? Is that the building on X where you bought 30% of the building?

This one below?

 

[Larry]

Wow an apartment in Soho only paid for itself in 3.6 years! That is crazy! Is that the building you sold all your properties in? Is that the building on X where you bought 30% of the building?

This one below?

Wow that is very impressive to buy so many. I heard that much of this building was bought by one investor. I did not know it was @BuySellBA. I did not realize the scale of how big they were. I just read the news articles on their website. I had no idea it was that big.

I wonder what will happen to property values after Milei blows up Argentina?

 

[Larry]

When will you all admit I was right about Milei? He is a fraud. He said the USD would go to 600 pesos to $1 US! 🤡🤡🤡