Argentina raises interest rate to 97% as it struggles to tackle inflation
I&#x27;m Argentinian. This is cultural. Not from today, nor yesterday. It has always been like that.
Every single other country I&#x27;ve travelled so far thinks in its own currency while in Argentina
we have pesos which are really a facade to US dollars.<p>What we see today already happened. Many times. Is the same old story repeating over and over again.
It will repeat in the future, for sure. Argentina has 4 or 8 years governments but we have no state.<p>There&#x27;s absolutely no coherent and&#x2F;or constant consensus where to head the country from let say today to 20 or 30 years.
It&#x27;s always the patch for today and for tomorrow. Zero serious politics. Every politician wants to fill
its own pockets.  They laugh in our face despite the fact we&#x27;re at the verge of an hyper-inflacionary process.
They don&#x27;t care. Never did. Never will.<p>I clearly remember: in 2000-2001 one dollar was around 1,45 pesos. Today?
One US dollar 500 pesos and going up. Without limit. Even a child in elementary school knows that our
currency doesn&#x27;t exist. It is literally money that you need to burn today, right now.<p>We can&#x27;t save money unless you find shelter in another currency, is fucking obvious!
How do argentinian politicians suppose to convince people to trust in a currency that day after day loses
its value? I know! Raising to 97% interest rate, right?<p>What do we have? Governments stepping in and out which if they don&#x27;t like what has been done so far, will undo things,
regardless whatsoever. They will satisfy their agenda, their pockets. Every single government does the same.
One step forward two steps back. No economical plan at all. We have been with this inflation process forever.<p>On the other side it is a really sad story because we have beautiful country and we have everything to become
a developed country. We just have these eternal scumbags that keep doing nothing more than harm to our country.