DOWN WITH THE FINANCIAL ATTACK FROM WALL STREET AGAINST NATIONAL CURRENCY

28% DEVALUATION OF THE NATIONAL CURRENCY IN 2 DAYS- $40 PER DOLLAR ($100 ARG  = USD 2,5)

DOWN WITH THE FINANCIAL ATTACK

FROM WALL STREET AGAINST NATIONAL CURRENCY

NATIONAL FLAG MARCH: FRIDAY, 31TH AUGUST

DOWN WITH THE SHOCK ECONOMIC ADJUSTMENT  

DOWN WITH THE MACRI-IMF GOVERNMENT BUDGET

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Juan Marino and Lionel Stiglitz will be present at the national flag march on San Juan Av. and Boedo. Juan Marino, Partido Piquetero’s national lider, declared that “after the education fight massive demonstrations and the “cacerolazos”  (pot-banging protest) from yesterday, today it’s going to be developed a national flag march with the words of order #StopMacri and #StrengthArgentina. The national flag march it’s the popular response against the economic collapse compounded by a financial attack from wall street against Argentina. It was so serious that the devaluation of national currency was 28% in 2 days. $40 per dollar an in some States $43. A $100 banknote represent U$S 2,5. We are facing the dissolution of our national currency. This foreign bank attack has in its purposes that the 2019 national budget set out the shock economic adjustment. Therefore, the national flag march in integrated to a set of demonstrations to say no to the budget that are concluding Macri and Dujovne with the IMF”.

Lionel Stiglitz, economist and Agrupación Villera Piquetera’s lider add that “Marcelo Bonelli (journalist) itself said yesterday in the newspaper Clarín that we are attending to a financial attack launched by the Wall Street bankers, after the meeting between the investment funds with Mario Quintana in New York. Infobae (another newspaper), the US Embassy “Government Gazette” (like Clarín) published articles entitled ‘Wall Street banks ask for shock economic adjustment’, were they quote reports from the investment funds committed to financial speculation Santander, Goldman Sachs, Morgan Stanley, Credit Suisse, Barclays Investment, Eurasia Group and Fidelity. They affirm that the speculation bank demands the goal of “zero déficit” for 2019, in other words, the application of Cavallo’s plan. In addition, Maximiliano Montenegro (journalist) at Animales Sueltos (TV political show) said that JP Morgan and the Deutsche Bank conducted the bank run. Also the BNP Paribas promote to their clients to buy future dollar. From this, Clarín informed that IMF will accept the Macri request to bring forward the disbursements, on exchange of including on 2019 national budget the shock economic adjustment to be closer to the “zero deficit” claimed. In others words, they want Macri to be Cavallo. It’s a critical moment. The popular response must be overwhelming. DOWN WITH THE NATIONAL BUDGET MACRI-IMF”.

Marino, on his part, affirm that “as Partido Piquetero we support the interpellation request to Dujovne and Caputo submitted by the FPV-PJ to made them go tu Congress to explain the course to representatives of the people at Congress. As there’s no course, neither exist a roof to the dollar price. July’s data are alarming: the 80% of the transfers abroad for almost one dollar billion (986 dollar millions) have been done for amounts superiors than 2 million dollars, while the 50% of the banknotes dollar sale (for savings) were small purchase for 1.700 dollars on average. What does it mean? That small savers are looking forward the way to defend their savings while the big traders are looting and leaking the dollars toward banks abroad the country. This leads to runaway inflation, the breakdown of the marketing chain, and the claim by the power companies to impose a new leap in the electricity tariffs and in the naphtha price. That’s also why we endorse the draft bill from Peronismo para la Victoria that propose the creation of a Crisis Committee to freeze tariffs and block the leap in the price of

medicines, rent and basic basket food. Those are urgent legislative measures – with the rejection of the 2019 IMF budget – present the beginning of a solution to avoid the economic collapse, taking as the starting point the defense  of the consumption and the household economy”.

Translated by Natalia Saralegui (@NatiSaralegui)

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