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Construcción Plural - Programa 1163 · Construcción Plural - Radio Trend Topic

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Plural construction, the renowned journalistic program of political analysis and current in its twentieth
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season, with the leadership of Fernando Mauri and a team of prestigious analysts listen
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to it on radio train topic. Our President was born in Argentina, Dr
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Rabiero Mirey was the President hello. To all there is no stabilization plan,
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not good, but the delay to change. There' s a problem of
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currency arrears here. It is impossible to achieve the zero deficit in the twenty
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- four thousand. Not good. It' s very little motasia. There
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is already a lot of equatoria, but you are not liberal. There were
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taxes on the province. No, but if I add one plus three hundred
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sixty- five times and give me three sixty s it can' t last
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that. If there' s no video and there' s no You who
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invited me to I' m fede your noodle Cotuk. They want to know
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how the economy is going to grow, it' s going to go up
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like fart of busho. But there are no anchors. Well, because there
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' s no comprehensive plan. But you should set the path. This is
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not a liberal government because it did not release the drug. Not because there
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' s appreciation changed. I have appreciation changing, but the expensive freedom few.
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This list is such, my friends, very but very good afternoon a
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new start of clurial construction. By the end of the week we will close
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it, closing it with Alejandro rock Man and Julio Gambira. Today we open
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it in a little while in five minutes. Nothing more. We are putting
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on the air there with Don Pablo Roma, owner of the construction circuitry and
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after it, as I always say. If the communications get out of us
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and everything comes out, we' ll be talking to the economist who defends
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the government a lot. I saw them yesterday in the nation more to be
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further to Don Agustín Montera Lucas to see I get a noctification in all kinds
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and color. Government sent a preliminary draft, the budget two thousand twenty-
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five to Congress and the one confirming that the end of the year will end
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the country' s term. After Minister Caputo announced last week a drop of
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that ten percentage point tribute is implemented between August and September. It tells me
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the financial notification at Whatsapp. I have opened here in Fobaez the Luke,
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who collapses twenty- five pesos each today is almost closing in one thousand four
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hundred and five with a loss of one seventy- five. The risk country
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goes down a little one thousand five hundred nine. Yesterday it was approximately one
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thousand six hundred low one five caputo. We want to say that about the
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scope. They share phobade here at 4: 00. It was an extremely
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cold day to see what temperature we have now and what degrees we have and
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what we come to say is very but very preschool, perhaps with minimums in
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minus one. And surely the urban cone will be below being in negative terms,
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well about to send Congress an advance of the official dollar budget to one
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thousand sixteen in December and an annual inflation of one hundred and thirty- nine
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seven. This is not what would close the year privatizations. The government seeks
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to add an Aiza partner and will give itself control of the purchased wallet company.
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Which of the reamed accounts in which you paid the most interest in the
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last few days confirm the prosecution of this thorny criminal. We' re not
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talking about the mayor, the current mayor of the sexual abuse killing of this
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sweety ras caucas girl who takes a step and was an hourly trial. They
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didn' t kill me by chance, but a lot of this time assure
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the thorny whistleblower how it is worth paying for winter holidays abroad, taking an
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advantage of the exchange rate gap. We have them moine in my law praised
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an analysis and of lemgne about inflation. It' s not a price increase.
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What regular breads that are, I' m flirting with brafachos. Now
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it turns out that everything and I google to get me out of doubt for
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some doubt we come to find out what inflations. I hate it sometimes it
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' s in workshops not to mention moving on to talking about pressure. You
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guys know what inflation is about the widespread increase in goods and services. Well,
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now we ourselves find out that it doesn' t have to do with
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the dollar, with the real salary. I mean, and then my law
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goes and I retweeted his lodge and he says he knows a lot about the
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lemobile, this clown knows a lot more than many economists. The truth is
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that madness is advancing. As I usually say in the end, this poor
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economist lives him, this guy who presides over us, he lives pasting all
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the saints and incredible bost is what we have to base to see how for
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a little while we will be talking to Don Pablo Román, who I already
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have. I think so, well, I say hello. A little while,
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as I say, we are probably going after, after politics, we
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are going to look a little, obviously, at the economy, which is
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in everyone' s eye with Agustín Monteverdes and everything goes well, Don Pablo
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Román, my friend director of the Circuit consultant, Good afternoon, how it
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goes, Fernando, Good afternoon, Very well, very well. Thank you
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for tempting us and for being there. Well, how are we? Radio
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X- ray of public opinion. Paul has already more than six months of
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President Miley' s management with colleagues who mark that he has not known the
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presidential image, that he is always a little higher than that of the management
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in fifty- six, fifty- seven, fifty- eight, and others
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who mark that he is rather forty- five and in a negative neteo,
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how do the numbers give at this height more than six times Millay' s
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management view for circuits, your consultant looks at us when we measure image,
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what we see is that the positive image of the President of Millay is between
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forty- five and fifty to see some month, a little closer to fifty,
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another closer to forty- five. But beyond that, I think it
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' s good that it has a positive image, quite consolidated and stable.
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No and this speaks a little about this, that there is a good sector
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of society that has expectations, that sees it well to the President who trusts
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in the economic plan and, at the same time understands that the adjustment is
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falling on his pocket, on his back and not on the caste, as
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promised Milay, but well, made a situation you said, well how is
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public opinion. And well, with some contradictions, let' s say no,
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and I don' t think that' s negative, but rather good.
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It is part of the current situation and context. It' s more
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solid and if we' re in a mitimit and less positive image of support
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and criticism of the government, it' s more murky, it' s
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stronger, it' s stronger, it' s more consolidated, let'
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s say in the critics, than those who support it with this hope that
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maybe one day of these I don' t know if they' re going
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to devollucate again, if inflation gets a little bit out, they can withdraw
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support. You' d say the critical block is more solid than the block
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it supports. As you can see, I don' t see that there
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are two hard cores, one official, the other quite solid opponent. Let
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' s say there' s a section of the ruling core, that well,
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that supports, that has a lot of confidence in Miley, that thinks
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the situation is going to improve and in that sense, well, somehow it
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also exacerbates Miley' s whole positioning, celebrates the memes or tweets, not
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all that representation that Miley generates. Well, there' s one sector of
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society, mainly young people, but also other sectors, other detário ranks.
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Let' s say no, it' s that good, they support and
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the core sets opposition. I see it with similar characteristics, but with an
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opposite content. Let' s say no, also not rejecting absolutely everything,
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waiting for you to look at the clock to see when this ends well,
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a situation in which there are two hard cores. I see it about forty
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- two, forty- three percent, one, a little bit more,
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another a little less, but very even, a very divided society, very
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divided, polarized and in the middle, a sector that one could say moderate,
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that well gave the triumph to my law in the second round, but
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that does not come from having voted in first round or in primary, and
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that also has certain expectations and much and very good care or certain precautions regarding
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what is the economic reality, is the social situation. They do not transcend
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any government initiative with the possibility. This obviously has to go through Congress,
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which is also difficult for minors to vote for up to thirteen years. Let
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' s say how much and you speak as you move on from a solid
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block that has to do with young people, even if the phenomenon my law
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exceeds young people, but it has much to do with youth with those under
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thirty from below and above. My nephews who live well- off in San
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Isidro, I say how much they have of this phenomenon Minais and the worldwide
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phenomenon, of the ultra- right, the tiktok phenomenon, this issue the
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increasingly uninformed young populations, who followed, who follow at all the politics and
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continue for some mere information title, for a video, for many faye news
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also that the government uses and abuses the fay news. Yes, obviously,
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the government knows that its most important core of accession in the younger sector says
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sixteen, twenty- four. I believe that this idea that young people good
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at changing voting age to thirteen years comes from the initiative to lower imputability well
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also to thirteen years. It seems to me that there comes conditioned one thing
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with the other. But, it seems to me that you also have to
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be a little more respectful and be more careful, say, the state is
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not to do anything and there are things that you have to analyze well beyond
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saying today that segment is more politicized for your side or not, because,
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well, it also seems to me that it can be questions or decisions that
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can then come to risk. Let' s say no, I mean thirty
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- eight, but it seems to me that sometimes you can' t politicize
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everything. Not that he deduced from you then that, as a Sudanese and
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also as a polytologue, it seems to you an excess. I know no
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more than the three, of the sixteen, as I am to go that
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sixteen eighteen is obtative not to go towards thirteen. Let' s just say
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you think it' s an exaggeration. Yes, it seems to me of
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an excess, especially because of how it comes, because you say good look,
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there is a level of participation, a demand. I think it'
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s trying to get an electoral advantage over something that' s good, that
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I don' t know if it' s so raised in reality or in
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the need of the government. Let' s say expanding your electoral boat and
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well, in the idea that the government needs to expand electoral suaje it can
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resort to different strategies. I can' t say I think it' s
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the right thing to look at, building the slide. I don' t
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know how to call him an opponent, especially in Peronism, with a certain
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centrality maintained by Cristina Parnández de Kisser, with a type that tries to play
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a little bit of a different melody, but that has and is already being
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launched, obviously, without re- election in the province, a presidential pre
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- candidacy, but that has obstacles and a tension that lowers, but very
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little with maximum Kisner, that we don' t know to what extent it
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is maximum, to what extent is Cristina? How mass that is there kept
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and some chance will want to have I say how you see the fabric of
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the opposition mosaic and, above all, the great opposition that is always generated
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by Argentina when it does not rule, obviously Peronism. Yes, I agree.
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It seems to me that today the opposition is fundamentally referenced in Peronism or
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Pan Peronism. If you want and the left, it seems to me that
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other spaces that perhaps played a good game to be more friendly with the government,
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lost a little bit that opposition representation and make the process of important fragmentation,
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of a crisis of authority process that has today Peronism or opposition. But
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it seems to me that also a necessity, and this need has to do
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with generating a process of synthesis and narrowing these distances and uniting, instead of
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fragmenting as you say good Cristina Fernández, Quilla, Acte Clichellop Sergio Masa,
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Guillermo Moreno. They are not different expressions that, well, I think they
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have in some way and the responsibility to put together. That is fragmented,
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because it seems to me that today my law maintains in electoral terms a portion
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that is important. What future do you see in terms of what the President,
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the interview in the centers that he threw at Franco merculial and the other
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day in Tene talked about fusion, What future do you see on the subject
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of freedom advances and pro with a macri that good that from this macro foundation
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to release a little critical to a statement, in part critical to the government,
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I mean, What future do you see in terms of Carrano' s
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legislative alliance that comes, How many and how much not to freedom advances and
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of my law and the pro of Macri. I think my law has two
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lines. Let' s say no. On the one hand, I think
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it is Karina Miley' s strategy of trying to obtain legality in different provinces.
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Well, it seeks to have the necessary telos for who if it were
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an option and who to go alone And in that sense, good to keep
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the electoral base of the pron without the diligent. And, on the other
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hand, it seems to me that Milay needs the pro today needs the pro
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legislator for the pro or for the own political and legislative weakness that he has,
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because it is also true that the law came out, the bas law
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that came out basically because well, because the radicals and the procera voted it
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out and worked it out. Let' s say no, then I think
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there' s a situation there and Miley tries to hold those two possibilities.
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It' s also ortho that Miley hasn' t recognized everything he didn'
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t want me to recognize him. And this is also another problem. The
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one who drew a statement and read that the government' s response was neither
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read it, nor read it, and I think there is also attention there
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and we will have to see how that attention is played. Hey, hey,
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hey, hey, for now, hey, now. I' m
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if I' ve lost you a little bit. Pablo, thank you very
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much, as always. Thank you, Fernando, a big hug. Great
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well, Pablo ro Here in plural construction, we go to the first transolo
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pause and it goes well. We hope to have a nice juicy and fighting
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talk with Agustín Montemarde' s friend about economics. Here in plural construction.
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We remind you that you can find us on social networks, on our website,
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where we extend our journalistic work. We find ourselves on Twitter under Nick
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Fermaury two thousand twenty- two and, as always, his audios from the
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plural construction. Conducted by Fernando Mauri on Radio Trentopic. All right, all
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right. We' ve got it. Agustín, not yet I don'
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t know it' s hooked. Well, Don Agustín, Monteverde I'
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m a friend, good afternoon, how are you doing, how are you?
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You' re all right, all right. Thanks for taking care of
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us. I know we got a little cold in there. It' s
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better, man, yeah, yeah, better. I' m better already.
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Good to see today good news of the marks. They' re a
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little calm. At least the Blu Bahai quite twenty- five pesos are costing
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one thousand four hundred five per shelf, closing risk country low a point and
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a half. It' s good one like fifty percent down one thousand five
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hundred nine. This is a little calm in what had to happen. How
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you saw the rum of the last few days. Let' s say we
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saw a run we were watching. Let' s say not what they saw
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a forz tour of some, because eminent sight comes to you to do that
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translated a tour of fors in the economy, a whole a neat one,
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giving to twist the grace of the government from good economic agents. People from
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some economic agents and some are evolving, but, well, the truth is
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for an evolution. There is no, there is no ground, there is
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no, there is no ground or material to continue the subject, because besides
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no no, not to see anything has changed for bad. In any case,
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the changes that have occurred in your last time are for the good.
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So I don' t see any reason not that I don' t see
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it today, I didn' t see it yesterday, I didn' t
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see it It' s not going to have to say, for there to
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be the stir that' s happening. There' s no air in this
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trying to push the gap and it happens is that good. Here are my
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colleagues, your media and others who have been saying this, I' m
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sorry, I' m sorry my colleagues, because they don' t.
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Some speak lightly with recklessness, let' s say, but others also have
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interests at stake, not so much they, but their customers, not your
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client. Okay, you' re talking to see. Let' s talk
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about a devaluation clearly, trying to make a return effort. Yeah, that
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' s part of the move, not the devaluation. And another thing about
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doing business with puts. There are already some entities that the subject of paid
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liabilities and the subject of whores I told you yes several times in recent months.
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Two of the main ones. I believe the two major nuclear bombs left
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behind by the previous administration. There are a dozen and a half more,
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but these are the two main ones, perhaps less understandable by the general public,
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but which are worth the fine check. First of all, the paid
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participatives. What they represented was, although it still represents, although I am
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or much less, the effort of cleaning the spaces of ormolados. It'
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s been about letters,élix leva, et cetera, et cetera, et
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cetera. Of course, the cams became LEI when they were after I warned
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the government about thirty times at the time that they were going to have a
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problem with this. The last time I told you guys, it was ten
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a week before I blew up that I told you now, there' s
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nothing more to do. They were offended that it was good. That was
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transformed as a solution. They turned it into the llic that the difference was
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that they put the banks in the middle and that, instead of being several
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months, they were a week. More. Then, the Fernández government and
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with the administration of the economy by Masa, transformed the LEAK into one-
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day operations and, well yet, transformed pass operations even day. Keep in
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mind that there was a mass of order of thirty billion dollars that expired every
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day, every high day. On the other hand, the threesome Carrán dez
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Fernández Masa left us with the puts sales operations that they gave to the banks
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for their portfolios. They often tended to place more titles on anyone, so
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that somehow they would buy the very safe one. They did give him the
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option to sell them to the Central Bank every day of the year, at
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any time, at any time. Yeah, and of course, you'
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re on risk insurance. When you want something, you want it, you
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' re obliged to buy me the clear. What happens is that this means
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that then you added twenty- two, zero million dollars more. Yes,
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without daily maturities, that is, that the bank are contiunte I heard you
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or you put or chi my bank events diputated these fifty and so thousand million
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hard, all the holy days, all the holy days. Well, these
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two revolvers, rather than revolvers, these two cannons, pointing to the temples
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of any economic program, are the ones that were announced precisely on Friday that,
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after being greatly reduced one another, so, well, they are on
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their way to disappear. Which one stops for we' re going to slow
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down and try to see a little bit, which is the one that not
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so much the puts, the puts well which bank theodi also elsewhere, not
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the nation, more and more in colleagues, which banks were executed the fucking
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Crasti do not believe with zapar so. That' s what you get from
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those reporters, okay, okay. But you' ll see about Friday.
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Some said why. Some said it was a pressure from my law and cried
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out for that lecture for what. That conference was a previous gypsy Friday,
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a pre- opened closing, a weekend closing. I say where there was
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not too much announcement of something technical that could come out by a statement.
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Some colleague of yours exaggerated by ferrets. I' m talking about you interviewing
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here as usual. I' m talking about a Bonnex plan. I think
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it' s a nonsense for the banks, but I say to the banks
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not the recent move from a to creating a creditor of a certain quality,
24:26
such as the Central, well. It' s much less credibility and sustainability,
24:30
like the Treasury, well. We' re going around there a lot
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of interesting things. In the question I' ll go from maybe. I
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' m going to start with one that' s the least, but that
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really seems interesting to me because it was very repeated in all the media,
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even by some journalists who say that whoever maintains some tune with the government came
25:00
out with the issue of that good. The truth is that the conference on
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Friday night blah blah, blah. This is stupid the size of it.
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This is, like, telling me that the stir was built because no one
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liked the tie that was put on for the press conference. I really think
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it' s a win. That' s right. Okay. Now,
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if we want to look for pabot motives for the things that happen, well
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let' s attribute it to that they spoke on Friday and if they didn
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' t like the people who spoke to him on Friday day, well the
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spotorno himself with your lega that integrates the team of advisors of my law,
25:44
something like disco I say was not against the content. Yeah, he thought
25:47
it was a way to call back a rn to. You can wait,
25:51
wait, but here something that can be done, this to useful Augustine,
25:53
let me be, let me check and that Federico and we have all the
25:57
time for you I have to do then, for example, something that could
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have been communicated day the Central Bank or the meeting that will be held with
26:03
the banks, but it is not called the press conference. That was the
26:06
criticism of form not of substance. Well to see Fausto here in appreciation and
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I think gentleman the same, or I think of someone else who didn'
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t see the name. But actually this anyone who has read the news knows
26:30
that when you refer to the one who talked about how it was a bon
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plan but don' t tell them the name Ornando Guerrero, Orlando or another
26:38
said it a great gentleman. I think that in this case, Orlando'
26:45
s case probably hastened a little bit to pronounce and perhaps used an expression a
26:57
rather distasteful chant. And in Fausto' s case it seems to me that
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maybe a little bit even driven by what I had said orlando good. I
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think that in some way, well, it' s a prior despot,
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especially the prudence that someone who is supposed to be part of an economic poe
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supposedly good forms it. The truth is that what he said can be said
27:47
to rebut both. Don' t take it down A plambon is. Finally,
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it' s not, it has nothing to do with drums. It
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' s one thing that' s forced, it' s persuasive to customers
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you don' t go and in this case you don' t so we
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already started there, already there for coercive bara. Hey, if you'
28:04
re gangs, there' s no people, brings him another greasy benches,
28:08
you' re not vans. Positive is going to be by voluntary recursions with
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each entity. Ah yes, I am we go to you you hear me
28:19
Mauri bank and I can stay with Central title and not obliged to the Treasury.
28:26
You can do whatever you want, what the Central, what it'
28:30
s going to be proposing is to buy you the premium to see the liabilities
28:42
actually transform in one way or another into the cost of the treasure, against
28:48
the treasure. So that almost nobody cares about that because let' s say
28:56
the risk doesn' t change that from which hand at risk is not greater
29:02
than the Central Bank is better debtor than the Treasury. I just admit that
29:08
anyone but a professional says it. I' m all telling anyone but an
29:12
economics professional, because that' s a literal nonsense or the Central Bank.
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Anyone knows he' s finding this two hundred times broken that they' ve
29:25
been making a titanic effort and cleaning the balance sheet. But, but is
29:36
he hyper- broken? And broken? Yeah, so not really. No,
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no, no, she tells me. Now, the case of the
29:49
puts, which is going to be the government or in this case the Saltan,
29:56
is going to be to buy back the bonus they grab, a bonus
30:00
for the fuckers. You' re gonna have to get it back and done.
30:07
But it' s a market operation, and as far as that'
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s concerned, it' s the expressions they were doing in depth. As
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for the fausto ones to see, I think that after he said it relativized
30:29
it quite. Or with subsequent portings it doesn' t matter at all.
30:33
Frankly, the fact that you' ve been out talking on Friday and a
30:37
statement is better than a press conference. That' s a raider What do
30:45
you want me to say, I mean? I mean, it' s
30:47
better to find yourself with a paper where in four paragraphs, with no possibility
30:52
of someone asking you questions, communicating what you' re going to do.
30:56
That' s better than sitting in front of people, giving a press conference,
31:02
and let' s get on with the lyrics, girls. This does
31:06
not force in times of recession to the Treasury. Well, the Treasury will
31:11
get bigger super abit. I mean, it doesn' t involve or good.
31:15
That' s the good thing. It' s just good. This
31:17
is not formidable, that not only around the bet, but they are able
31:26
to do so, because if they would not be signing it to us.
31:29
And they are able to do so for the simple reason that when this five
31:34
months ago represented barely a monthly cost in interest of five billion pesos, five
31:45
million pesos. Today it represents zero comma five billion, i e five hundred
31:56
billion a month, it became a tenth to the constant value of what is
32:04
close to it and how it will be achieved. Hey, they' re
32:08
just perfect conditions, in perfect condition to bear that burden. Yes, the
32:13
country tax from next year and with this year falling how much it is collected
32:15
in June. In real terms, it is that with the country tax,
32:22
already with the changes in taxes, with the tax package, and the juestro
32:31
country where it is needed as before. No, no, no, so
32:38
it does sound so alarmed June, let' s say, uh, but
32:47
stop there the revelation. I don' t even leave the entire tax structure
32:53
to the government. Reality points out that in time everything converges towards the river,
32:59
let' s say for everyone. But this isn' t, no,
33:05
it' s not like I' m taking it out of the galley.
33:08
That has been expressed by the Government, so that the great source of
33:15
tax revenue is private investment a ring pardon. Here, wait a minute.
33:23
Yes, yes, yes, yes, no, no, here you say
33:25
another one did not mix something that you asked me to apologize for belonged to
33:35
me then, you say, the government points out that everything converges towards the
33:38
river, that is, that the entrance of the state to a large extent
33:43
comes now from elriy the investments that generate r No. No. No.
33:45
No. No. No. No. You understood me no no no,
33:46
that in the future the entire tax system aims to be like the RY,
33:52
that is, with few taxes that nothing less tax burden and few taxes.
33:58
That' s what I' m talking about, then, about the obvious
34:04
country tax, the post countries. He' s one of the first candidates
34:07
to disappear. Yeah, yeah, well, that' s it. It
34:10
should be yes yes, and you don' t care then about this subject
34:15
of the fall in renewal. In June let' s say that the fourteen
34:20
by the way about is the worst employer in six months. Or you can
34:22
' t compare the fall in revenue with the fall in expenditure. What'
34:27
s the matter? It is a super- habit generating machine in Argentina so
34:32
far and the super habit is sustainable. What questions this issue about which population
34:38
is improving its head, etcetera. Oh have June, which is the biggest
34:45
month of the year, along with you always do and what you' ve
34:51
already done is good for you to last all year. So, be with
35:02
the councilman until June or even mallet. You' re gonna go all year
35:09
with crazy people. Yes, indeed, but not June. You' re
35:14
also going to be super bonding too or paying to get high We' re
35:22
going in June, you' re going to be super tea, too.
35:22
Primary, insurance, primary, insurance. But if you hadn' t,
35:28
I' m sorry. But for peace of mind, if there weren'
35:30
t, as there would have been with what was achieved, it' s
35:37
tamayo. Well, we can expect a cup upload from the Central Bank.
35:42
The Central hastened the good park carter. One of the advantages of what they
35:47
announced the other day is that the Central Bank has given itself great autonomy to
35:54
manage a whole range of instruments of politics and monetary that before Thursday could not
36:01
dispose because before raising the cup it represented destroying the currency more, increasing inflation
36:08
instead of lowering it up why not? And it was why not? Why?
36:16
Precisely why the political corporation left us in these twenty years. It is
36:35
a country where, if you increase the interest rate, what you increased was
36:42
that of pacifying and if you increase the fiscal class physicist. So, you
36:46
' re going to have inflation. Not only is it going to be inflation,
36:52
but you' re going to expose it. Actually, much worse is
37:00
what' s going to come good that and the reason was very simple.
37:07
You' d raise the rate, raise the interest rate. To increase the
37:09
interest rate was to pay more. Those liabilities removed then from somewhere you had
37:15
to take out the money. And like and that mission, by disappearing the
37:21
paid liabilities today are already reduced to the minimum expression. You stopped having that
37:28
problem now you handle the cup And if you go up, the rate has
37:35
a contractive effect in the same way as in the United States, not as
37:39
in Argentina until today, when it is proposed that a great margin of maneuver
37:54
and a great power of fire to the Central Bank that, for example,
38:02
of two some claim that Friday, for example, the great disappointment was the
38:06
issue of sepo. I don' t think anyone expected them to tell him.
38:07
Gentlemen, we raise the sepo in thirty days, but a gradual departure
38:13
schedule. Some sign. They' re asking for a utopia. Or it
38:16
' s something he really should have. There could have been a wink at
38:21
the faith, because the biggest blef I' ve ever seen very much to
38:29
see yes, it' s really a bulus to see It makes me really
38:39
no small thank you that in a country the sepo started in the year two
38:49
thousand eleven was cut off with Mauricio Macria until Mauricio Macri and replenished it.
38:52
Yes, that horrible economic management there was in those years, that is,
39:05
we prolijitos, prolijitos. We' ve had the leg for ten years.
39:13
I' m telling you about the three or that he wasn' t ten
39:21
years dry now the same skulls that created the stocks are now experts that you
39:30
can' t function. There' s no life, Concepto. It is
39:35
impossible to live Council. No. That' s not how you' re
39:38
doomed to die from these skulls. Why they started talking now. For I
39:45
want to speak when they were government and I am talking to each other,
39:47
because even some belong to macrism. Don' t really mean that' s
39:58
how to start the talk more then they can be so irresponsible to be raising
40:07
the issue of lifting the leg. Anyone knows, no, because why lift
40:19
the sepo in these conditions, at least the conditions that existed so far,
40:24
not those that are opening up juscaly as a result of the announcements. Lifting
40:34
the gepo would have meant an immediate devaluation and that devaluation would surely generate another
40:44
devaluation in the chain. I want to clarify and I have already told you
40:53
at some point, maybe this would not have been the show I would have
40:59
chosen and maybe I would have preferred. In fact, I was inclined to
41:08
finish off the first day. Now that' s it, I say it
41:15
easy, because I' m sitting on a couch while I' m having
41:21
coffee. The subject. The temite is thinking about and carrying that out when
41:30
he' s sitting in the ideolectrum, and well, I can say why,
41:35
because having done that in December would have been a social catastrophe. But
41:42
not a social catastrophe, not a calamity. And I' m not talking
41:49
about inflation of instead of twenty- five of thirty percent. I' m
41:53
talking about inflation that might have been one hundred and fifty percent in December,
41:58
okay or maybe more, so that' s if this self- critical two
42:02
of it, self- critite poverty sixty. No, I' m not
42:07
talking about 90 percent poverty. Yeah, right about that. Yeah, after
42:13
that, put together an economic program that' s very easy to bring to
42:17
fruition. But that' s when we put together the very easy economic program.
42:21
It happened with dis with differences, because it is another subject, of
42:25
another condition very similar to what happened with the friend paddles of East Nicos.
42:35
If you make this bull race then it' s all easy, but no.
42:40
What this administration chose was not to reduce the damage, the social damage,
42:46
reduce the damage of the population, especially that first month. Then we
42:53
got the miracle that inflation was just and I set it and I set the
42:59
penalty because twenty- five point five percent was minuscule next to the conditions that
43:05
was to the economy to have an increase. A mechicinco, a twenty-
43:09
five miracle was miracles and from that decision, that restricts the range of actions
43:16
to the future. That requires a much more demanding program from the fiscal and
43:22
monetary point of view, which you have to carry out before lifting the quota
43:28
yes and a loan of or bontas on the first day. Or now you
43:32
have to do all your homework until you can lift it up. Okay,
43:37
he likes the bias now you hear me bustling more or less the same thing
43:44
as putting a bomb in a kindergarten. Let' s stop hunching around that
43:49
it' s a light thing to be talking about throwing a deal with the
43:52
bottom. It cannot be the way my colleagues are speaking, which is really
43:54
scandalous, It is of a degree of irresponsibility, recklessness, when you are
44:02
already plainly unholy intentions, which really scandalizes. Not good. You heard me
44:12
see first then you were wrong when you were planning to lift it the first
44:15
day, second Lopez Bulgo and I was wrong. No. No, no,
44:19
look terrible. It' s two possible paths, nothing but one at
44:24
a time. The back road and it' s very easy on him you
44:35
left a tendal weapons your barbaric wreck. What would have happened. If it
44:38
had lasted another month, the previous Government would have exploited him. The previous
44:43
Government and there the one that takes it makes it very easy to total exploded
44:51
to the previous Government. Well, without ten zero million dollars just in the
44:54
style of the fund, the one with the goal. It is impossible to
44:57
go beyond the times, without ten thousand less. No. No, no,
45:00
no, not to see, obviously, any injections of dollars come from
45:07
the bottom or come from wherever you like. You don' t get it
45:16
from the other side, the Christmas Fat can' t get it, I
45:21
don' t know what every promised day, but you get it will always
45:23
come good. But that has nothing to do with who can' t.
45:27
Obviously, it' s gonna make it easier for you It' s gonna
45:31
speed up your times. And yes, yes, but if not you,
45:34
what you have to do is fulfill a series, a series of conditions,
45:38
and those conditions take time. In one way they take less time than others
45:44
take longer. What conditions are now in order to lift that little, conditions,
45:50
not times, not deadlines, conditions, yes, conditions or what the
45:52
conditions you have to have are essential and that is taking the step of the
46:00
formidable now that it is to finish cleaning then the balance of the Central Bank
46:07
of these nuclear bombs. When you' ve cleaned it out of these nuclear
46:13
bombs, you' re already going to get a huge part of the thing,
46:25
then have a good proportion of reserves to base and release and lift the
46:34
canco bait. Well, now some of the market' s concerns are said
46:37
out there to listen to your face in a month' s crop group.
46:38
All right. I understand also that along the way you continued to solve the
46:45
other bombs that left you and that still exist, that is, they left
46:50
you fifty and so many sixty billion dollars of doubt of imports, They left
46:55
you a stock of more than seven zero million dollars of remittances, of outstanding
47:05
profits, of turning abroad and well, all that has been solved at this
47:10
time. That' s why I say that the job that was done fiscally
47:16
was to look at him in the middle of a Decomunal doubt having had sopre
47:25
habeit primal and final all these months, that unprecedented historical thing. But the
47:29
work that is said to be kicking and when the work mounts it and when
47:36
also later, I understand that pavada, the hard work monetaryly, is extraordinary,
47:47
but to see it is colossal. It' s really colossal. Obviously,
47:53
we' re going to end up giving him the name already. In
47:58
the end we are going to end him as President Agustín asks, In the
48:02
end we are going to twist him. I don' t have to see
48:06
myself. I have my differences of vision, but well, everyone thinks as
48:13
they please. This one' s not for me to see. In general
48:16
we think very similar. Yes, yes, yes, in general terms,
48:21
in economic matters, you would give us the novel of economy to know before
48:23
calling me that I think quite similar. No. No, obviously, that
48:29
' s what I' m calling you for, so you' d give
48:31
the president almost the Nobel Prize in Economics. That' s not bullshit.
48:36
Not that. It' s not a Nobel in economics. I' m
48:42
not. No, no, more, okay, let' s open up
48:45
some serious stuff. You used to say that. Well, grab a comment
48:46
I saw coming through. Yeah, I thought they were watching me. He
48:52
said you touched or already that he pointed out that he was seeing with kingdes
48:58
Well, there would be better, it would be better than being the day
49:05
better to be devoted to governing a heavy inheritance. As we agree, he
49:07
' s going to make theories of economics. It doesn' t matter,
49:10
I said not together, reserve us together the time of thick harvest you had
49:16
negative income in June and you talked about it together to pray where you'
49:20
re going to get reserves together. From now on, yes, there'
49:22
s still the groisa dor harvest. What' s more, I think one
49:28
of the damages like they don' t have scruples. Many of the boys
49:37
who have been putting this in have not had scruples in encouraging people to be
49:46
pelted with grain to keep the harvest careful, because the silo bags, the
49:52
grain panorama is not exactly promising as in other times, and it is not
50:01
a matter of fat paying interest size to end up liquidating the grains at a
50:08
lower value than the one that comes in that there will be liquidation and there
50:15
will be late liquidation, because the second semester is just not a time of
50:20
great liquidation. There' s not a lot to settle, there' s
50:23
a lot to liquidate. Having we' re defining flavors purple salts, we
50:31
' re going out to liquidate and it' s going to liquidate, because
50:37
the issue, if you retrace it, you liquidate it is the question.
50:42
They' re going to have to liquidate it for a simple reason I repeat,
50:46
you can afford to pay more money in the bank with the expectation that
50:53
prices will rise. Prices don' t go up and you have to liquidate
50:58
And bye what we' re going to do, we' re going to
51:00
keep waiting until we melt, because no, I don' t understand inflation
51:06
slows down in June. Let' s say which warning program from July to
51:15
December inflation is accelerating in June is going to be higher than the mass of
51:19
the four two? What a panora of the month itself is going to be
51:22
inferior. What happens is that, of course, real inflation doesn' t
51:25
take me to the core and what I know, the real one comes with
51:29
our old ication. When you are solving relative price distortions, you are solving
51:37
questions that really are not in the past, but are not part of that
51:43
of the inflationary turbine. He' s getting less and less impulse and I
51:54
keep seeing him like this to talk about profit. As long as they maintain
51:58
the economic program, as they have it designed. And if you keep the
52:07
program as you' ve been keeping it, don' t have the slightest
52:12
doubt that you' re going to converge to inflation, first at the level
52:17
of the croling PEG and more then below, so two percent by when for
52:24
four. Having that not in order to give from being a data two percent
52:29
with the pe for when, by the end of the year? I am
52:31
not this soothsayer I think I think that by the end of the year we
52:37
have really low inflation, but at least low for the terms of what Argentina
52:43
is. But the truth doesn' t come down from this lower floor of
52:47
this theater, two extras, you' ve never seen me be. I
52:52
don' t know, you' re getting so much lower, you'
52:57
re getting so much harder to talk about, because we see a five coma
53:01
growth of seventy- two percent for next year. Don' t worry,
53:04
I can' t tell you we' re going for the cat, jump,
53:08
stop, forward, back. Well, he fell, but that'
53:13
s it. No. No, no, no? No, no,
53:13
no, no, no, no, no, no, no, no,
53:13
no, no, no, no, no, no, no,
53:13
no, no, no, no, no, no, no, no,
53:13
no, no, no, no, no, no, no,
53:13
no, no, no, no, no, no, no, no,
53:13
no, no, no, no, no, no, no,
53:13
no, no, no, no, no, no, no, no,
53:13
no, no, no, no, no, no, no,
53:13
no, no, no, no, no, no, no, no,
53:13
no, no, no, no, no, no, no,
53:13
no, no, no, no. No, no, no, no,
53:14
no, no, no, no, no, no, no,
53:14
no, no, no, no, no, no, no, no,
53:14
no, no, no, no, no, no, no,
53:14
no, no, no, no, no, no, no, no,
53:14
no, no, no, no, no, no, no,
53:14
no, no, no, no, no, no, no, no,
53:14
no, no, no, no, no, no, no,
53:14
no, no, no, no, no, no, no, no,
53:14
no, no, no, no, no, no, no,
53:14
no, no, no, no, no, no, no, no,
53:14
no, no. No. He went in to do this pro.
53:16
Finally, finally, very grateful to you these many minutes, Cronin Peck you
53:22
mentioned it. There is talk, the President is very angry at the back
53:27
or exchange rate. You are of what dismisses the tranviary delay and then rule
53:30
out one more devaluation, as the mind. You guys are the image.
53:34
I don' t think it' s that they don' t understand in
53:39
or who to make those who don' t understand the economic program. They
53:43
may not understand it, too, because it' s a bit new that
53:47
it' s the first time a government with an economic team has confronted you
53:53
with the law of demand supply. Let' s say no then this just
53:59
according to the law of strong demands. Precisely and in the world And in
54:05
the world some say that this economic plan Augustine. Some say that this economic
54:09
plan does not apply in the world for something would be. But, I
54:12
mean, it' s original, it' s the biggest or the world
54:19
to see, and frankly, the success in controlling inflation, in reducing the
54:31
tax, in becoming superhabits fiscal twins, in parallel, having commercial superbits.
54:38
Today you have super triplet habit. Well, really, yes, it'
54:45
s a program that isn' t seen in the world and that the world
54:50
is watching with extreme attention. It really surprises the world. That' s
54:53
why it' s the figure that' s surprising in the world, or
54:57
it' s the character. But well, the character is either drawn to
55:01
the landscape. What is not understood is that this not the dollar, is
55:09
not going to accommodate in such a way as to solve the problem of lack
55:15
of productivity in Argentina. I have told you in the past, but years
55:20
ago, as the exchange rate has to do with the level of productivity or
55:28
productivity of an economy. In this case, the exchange rate is not going
55:34
to be the one to adjust. What they are going to have to adjust
55:37
and are adjusting are domestic prices. To the extent that domestic prices are adjusted,
55:44
well, the exchange rate would not have to be overrun, of course.
55:51
Then you will have a breach of the cset, of the belt.
55:53
It is more long- term concern, of course, that adjustments and so
55:59
on may come about. But as far as economic management is concerned, today,
56:06
at our juncture I dream that to think that this is a backward of
56:14
that then the devaluation of fifteen twenty percent, with which so many dream,
56:17
will come. Moreover, many of them know that after the mourning age of
56:22
the twentieth will come the mourning age of the twentieth, thirty, or forty.
56:25
Then no. That, no, no, no, it' s
56:30
not going to happen, and that' s why some people are so upset
56:36
and that' s why these tantrums do it. But let' s see,
56:38
but it' s okay, but you have a huge gap there.
56:39
They don' t liquidate you, because the exchange rate isn' t favorable.
56:42
I mean, I say this is also the subject of pressure. So,
56:45
for the devaluation of change. The breach won' t last. The
56:47
breach won' t give, it won' t be gross, why not.
56:52
But forgive me because it won' t be hard the gap won'
56:54
t and it won' t last for long forgiveness and because more low part.
57:00
But all of a sudden, and it' s actually already started.
57:02
Not good, we' ve been comforted or not. The breach. Well,
57:07
it' s not gonna last. There' s no air. It
57:09
' s gonna last, but not here. What' s missing is weight,
57:15
boys. Now in June there is a transitory situation of abundance of weight
57:22
for the payment of the aguinaldo. Nothing but that. When the money comes
57:28
back, come back, it' s going to be no money. They
57:34
didn' t understand. The whole pine was so clear. Okay. Some
57:37
say," Some say sparta' s missing" Some say that what is
57:40
missing is twenty- five polons to repair, so that Argentina can repair its
57:45
commitments. So what today, what is missing today are pesos, not dollars
57:51
and to pay the compromisers. Either this comes to me a hair a this
57:59
article of infoma and where I saw a whole analysis, which they said that
58:08
this government had increased the monetary base more than the previous one the same period
58:15
of time, tacho more, for a bad milk, taking the statistics in
58:22
such a way that it gave and moreover, avoiding considering things that should be
58:30
considered. First, it dealt only with the strict monetary base, the broad
58:32
monetary base. Secondly, the six months of this year were taken, not
58:42
since December 11, and this is where he took this administration. When you
58:49
take what has been done today, the broad monetary base has fallen, It
58:58
has fallen here has gone a few billion pesos, millions, millions of millions,
59:06
meanwhile, the five test of more than eighty percent since December 10,
59:10
for here ok to see if we understand this sinfiete, because the amount of
59:17
money that is in the economy, be it plant physics, was huge and
59:22
in that auto artist what was held was that it had increased the article more
59:27
badly done. Technically you talk bad milk to him. Good prayer. I
59:34
' m afraid I have to say good- bye to you as a friend.
59:35
I thank you so much. Talked more than forty minutes a huge kindness.
59:38
Yours, I' m afraid I' ll have to ask you because
59:40
I have to train. The agreement program give him a hug, huge hug.
59:44
Thank you very much, Agustín Monteverde Construction Plurar. We meet back here
59:47
tomorrow at 4: 00. Thank you, Juan, thank you Silvia.
59:50
Bye Bye Bye Bye By