Friday, March 15, 2024

Inflation, Salaries, and DNU in March 2024

The money is really important to survive.  What's going on the promising progress in Argentina?  Let's remember the article Economy against Socialism in Argentina 

Signals from heaven such as big storms, insects, mosquitos are not enough to aware the behavior of decision makers in the country. 

The most important thing for mobility is the Money. Even salaries are increasing up while inflation of prices do the same, international companies penetrating the Argentine market seems to be not enough for please the needs of vulnerable people. 

Nicolas Sourivongxay has been finding a dependent job since 2013 due to the lack of income gotten from his independent business. In January 2024, he asked for a salary of $300,000 Argentine pesos (around $346 American dollars). In March 2024, the salary he has to ask for is around the double of quantity, around $600,000 (around $690 American dollars). 

This is according to INDEC. A family of 4 people need $690,902 Argentine pesos to be above the line of poverty. (February 2024)

Let's see how inflation increased since Javier Milei has been in the presidency in Argentina. He is the current President of Argentina and he is an economist. 

He started the presidency in December 2023 with really inflation of food. After that, it is seen in the chart, it is decreasing up to 13,1% of the basic food basket and 15,8% for total food basket. Even so, they are still high. 

Another surprise worldwide is the imcrising level of prices according to world bank. 

Let's remember President Javier Milei began his government on December 10th, 2023 . 

In just 21 days Argentina got increased the inflation up to 40% in food according to World Bank from January 1st, 2024 until January 22nd, 2024 becoming the worst country in rate inflation in the world, that was 29% more. 

And here it is surprise. On March 5th, 2024, the World Bank informed Argentina increased up inflation up to 2% more reaching 42% 

The President Javier Milei's attempt for the DNU (National Decree for Emergency) at the Congress, was rejected by the Senate. 

The most relevant speech was given by the Senator  Jose Mayans (Union por la Patria-Partido Justicialista-Formosa Province) who adequately pointed out the legal rights invoking the Argentine Constitution over the DNU of the President Javier Milei. 

Let's remember the Theory of The Economy of Exclusion created by Nicolas Sourivongxay from his last Book 'Braining Insania: The Spanglish Book of Nicolas Sourivongxay' available on Amazon Books

Ethnic Justice 

Wednesday, March 13, 2024

March previous Easter: Climate Phenomenon

An awful week in Buenos Aires, Argentina. Storms, rain, and wind. 


Monday 11 - Friday 15. Storms with lightning.

Floods


In Spanish language 

The TV says storms will continue until Friday 15.

Storms 

Ethnic Justice 

A Deadly Year in Politics 2024

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