a big cooling, trump changed and cryptic currency, disruptive technology joining with me and introducing a bill to outlaw crypto currency all the way to a federal financial system with big country open source software. we can create or money without banks of elements award winning filmmaker toast and huffman looked at all sides of the complex crypto crypto. the queen looked james and the engineer on ocean sierra, the surgeon prices sky rocketing inflation and plunging columns. they also show victory by far light candidates and also seen as presidential primary to who is probably a monday. what's behind this election when and what are the chances of topics presidential race? this is inside store the

color. welcome to the program on road map as an election, winds by tv personalities are no longer a surprise. just look at donald trump logging into your landscape. the bar is johnson, but it wouldn't be fair to say that heavy malays victory in argentina is primary election has sent shock waves through the political system. i'm not just there markets, international investors in lenders, a raffled argentina, always more money than to the international monetary fund than any other country. that's $44000000000.00 and a 3rd of all the i m. s. loans. so the global financial system has reacted with alarm, but it's argentines who are hot as 2 hours off to the election result, the government, the value of the local currency, the pay, so by 18 percent, and heights interest rates to 118 percent. as a result of the black market, dollar exchange jumped to about $750.00 pesos to the us dollar. that's more than

while the official exchange rates prices of items such as basing for like bread and milk as well as essentials like sold, surged overnight by up to 50 percent. important goods including adding tronics rose 20 percent. some prizes have used, but the uncertainty has not. instead argentine as long standing economic was have worse and romping, to get on yet inflation running as well over a 100 percent and 40 percent of the population living in poverty. so means i'm not all of those. all the prices are increasing and it is difficult to buy pinks with my budget. meet the price is increased vegetables cannot be bought. a kilogram of apples is like a 1000 pesos or $3.00. it's an exaggeration. but tate is what we are living with. after the elections, we will see what happens. but i mean, it was a little bit in a for me, this is needing to hyper inflation. the government should start thinking about calling early elections and hanging over before it's time. i think it is a finished government. the last of the primary elections, it's

a disaster. everything is remark. we don't have a price fast, the distributors don't deliver, they don't receive much and die. supposedly there is now a 20 percent increase and that's just how we live. this is audrey and tina today. it's very sad, we're going to talk to a guest and a few moments about all of this. first we're going to hear from a correspondent theresa, both in the argentine in capital one and said it's theresa could to help you with this who is heavy money. well, he's ending tweak for many, he calls himself a libertarian and or try conservative a far right among other things. but it's very difficult to pin down exactly what he believes. he's the definitely i will try liber of he wants to dollar rise the economy in a country that guards and tina that is currently struggling with around 14 different types of exchange rates. he wants to shut down the central bank, seeing that it is to blame because of a high inflation that exists in the country today. among many other things, he says, for example, the some of the he would implement the ferry,

see measures that are far harsher. the ones that the international monetary fund is requesting argentina to implement on the social agenda he's against abortion. let's not forget that our did not and legalized abortion very recent me. he says he's going to call for a referendum in order to try to banish once again, he's just again sex education in schools and many other things. but what is interesting is what's been happening in this country so that at least 30 percent of the population vote for a candidate such ask have you had to be made by cartoon, tina, where that has high governments interventions, subsidies welfare programs, among other things. and many of the areas that mean a has one are some of the poorest areas in this country. so, you know, there's lots of people trying to figure out what's been happening in the country aside from, of course, a very, very high inflation art in time typing, surviving with what be going on. so that a candidate life may get so many, many boats. i'm not really is at the heart of the,

certainly this stage of the process isn't it? that was we were talking about the international markets reaction to the financial markets. but politicians in argentina must be scratching their heads over this as well. do we know volt drove the voting for him? and that's also good. what's the happening in argentina since president? i'm going to perform. i'm this to call so there's lots of a fighting between the ruling coalition between a center, the left, the vice president, christine fernandez. the cursor and the president himself, this has generated lots of instability among the opposition during the primary election that was not sufficing among the 2 main candidate. it was a few years back. so you know, to, so that one of them could win the election. i mean, the middle, there's this population that is transit struggling with over a 100 percent inflation in the country where it's difficult for many to make ends need with poverty rates on the right. it's interesting to know that many of those that voted for me may are young people, young people that have seen politicians fighting among themselves, why the rest of the population is struggling. and that's why when you go to many of

the poorest areas, when a site is, but also in other parts of the country, people can, you have nothing else to lose. i don't care if i don't have a very strong state precedent in my life because that state is not providing for me . so, and i'm going to vote formulate that could set up every single. are you in a country such as argentina that has a tradition of protests, some of the many other things, some of the reforms that mean they would like to implement the like shutting down the central bar, and course the racing, the economy, and the impact that something like this could happen in the country, shutting down some of the main scientific research projects that exist out. this is another thing that he has suggested or, or putting an end to the relationship between argentina and trying to because china is a communist country. that's what he said just a few days ago. so suddenly many of that we fund implement will generate lots of uncertainty, probably violence, but still many are still willing to vote for him to be simple and part of it as

teresa. thank you. ok, let's bring it i guess i would say this is the chairman of the political economy department at the university of nothing. and now degenerate of selling me. you have info. he's joining us from from vanessa is in london. we've got heavy if he's a lot the american affairs analyst and also in bonus it is joining us by skype is sebastian gonzales. he's a columnist at l general a r. it's in origin, online argentinian news and analysis program. welcome to the show. so thank you very much indeed sebastian, one of those and start with you. is this vote driven by a desire for change, or is it a protest vote while i was gonna be the same under? but we say if it prizes with up some dollars for, for more than a decade and we've uh, the procession from design team on to the end of the mix. so as i work only from one site has said that there are many farm it is that believe they are daily

life with products, internal self employment, housing, transportation, as a gauge on the health system. so that we serve reality for growth for to, to started off as a thing from farmers with a struct 3rd party that may have reach about 20 percent um business hosting for many of them. so it, it usually leaves to told the daily brothers, dogs to, uh, i bought them in the spirit of the book on the, on of these cop pence. i mean a long standing concern about the media. um the main concern about the boat position that eh, heavy oriented to the ride in the last few years on the 8th, on this order. so uh it, it plays also enrolled in the cover and circumstances. mm hm. your fault. uh let me ask you this, this. i'm trying to look at the they, if there is a positive,

a positive element to this and of course of the support as of harvey. and it will say that there is, does this, nevertheless give argentine as politics a kick that perhaps it might be needed for the last couple of governments? that's a very good question. it could be a wake up call for this stablish meant that he used to call them in the constitution or conservative side of dutch engine in politics. to realize that something has to change. we have to have this done. that is, what is primaries what not to choose? a precious president or vice president, but a candidate for particular political parties. what made it really can read what was the effect of every, as i can see? and i could vote regardless of what political party they support. so if you want to rush my head some of the election before the 10th of october, so it's sort of slowly before the 22nd of october. now it, these definitely cuts us. i would call you come sit before approach as vote. she wardens as to the strongest most of it, but on east apache level of comfort sampling windows, i would people have, i've heard you actually nothing else to lose. this could be a wake up call. now,

he won't 30 percent, but the latest opinion polls published yesterday. so just took the keys, the post not press preference. it's 4544.5 percent would 45.5 percent against him. so he doesn't really have the electrons in the back. that's extremely important, i give time for the, for each of parties to put in. so to get to know is the, the little niece, those in trouble now because they are in charge of government. it was mentioned that they want to do a ration only the day after this primary. so to, to maybe to remind people that this patient is to see very but, but also these uh, policies that you sent me, lee house. we know what we don't know what actually he funds for what we know, what he kate, he doesn't like anything which is like we, he wants to break relations with breast view and china, in spite of the fact that china has just implemented which i can do with the car and she's probably lying, which will enable i can tina to get enough funding to pay that there for the i miss

. so he's going to all you need many of the 3, shall i? so if i can, to the, i guess we need to prove within that gene associate with the business sector of amazing. so i'm gonna say what this guy's going to be too far. we can look for a relation, we proceed. we kind of a relation with china, we have to do something about it. so it's a focus vote. he has contain your expression very broad, become far right views. and this might be an element which by go again he, he said though you have to establish that as sort of a politician. so it could be a wake up call. it could make people think on the 2nd. why don't we listen to the people before we go to the lectures on give them what they want? so we don't as out this month to become president. so yes, it could be a wake up call. you see because of the kind of ideas that he actually has and say, what is a, it seems as though the economy is central to everything that we're talking about. and is there anything that you've heard from having like so far, that gives you any indication that he has any idea of how to fix the problems of previous governments have not been able to fix. you know that the short answer to

that is no i, i haven't heard of that would indicates to anybody or seriously studies and looks at the economy that has any ideas that will actually improve things. the, the, the one, the proposals really are proposals that hadn't been implemented anywhere in the road. essentially, the sort of libertarian, the ideal of stainless, uh, and the guy totally free market society, bad sports. he proposes, however its one cant expect that the ones i shouldn't be ever come to office. he wouldn't moderate those points of view. ready and many of the things use the power. ready ready fights. ready essential. ready because upon the previous speakers outside the social protest, uh, the pressures from business sectors, etc. but there is one factor in,

in playing in argentina's economy today, that is a central to our problems. and that is the presence of the i about the, the i immersed uh, programs, uh the, the conditions they impose on those are receiving their loans are such that they generates inflation and they generate a, it was developed at the recession, etc. we are seeing that this say out real time as, as we speak, i can relate what we later said is that this program would be more radical than the i m s. program. and so one could expect with that with gen. ready ready a pretty strong reaction trauma organized sectors of society, especially. ready labor union, social. ready etc, bottom one can also expect that it was not solved. the economic from the problem

should stay have never solves economic problems. ready argentina or. busy anywhere else, so that should suffice students sorry to interrupt. i want to get the best thing about 1 point, one sort of longer term point. i'm reading an article that's suggesting that even if you lose the presidential election has been his party is going to get 8 senate seats. and i think the estimate is that they would have $35.00 seats in the lower house, longer term. what kind of impact is it going to have own oxygen to the in politics, the nature of the deep pulse. on the 5th of the every foss dot com, you have a life. and so employment needs a following thought, a, a support. i'm said a see what a lot of that, i mean board if i'm the significant go goes both instead, nighttime in the lower house. so and this would it be extremely program optic because for instance, if,

if he wants to dollar eyes vehicle related to your previous question, one of the decision of the going to me will lead to too many problems. so how long dressed it is very, very difficult to implement. every time you have a life, dawson's hob, unexpected t something busing, sub teams eh, to employment a such a complex parties. so we can imagine that she would have good support from the visual, not a concern about the police, on the, on the gum, the, they, my, we are, they, for them are my resume, at least the lab leashed them. but you have the, even in that scenario in the adult stage, it was not big enough to, to carry out all the refunds himself. stephen advised q mcbride's economic fraud thomas economy to try and work in the next time he noticed. so we have to,

to wait on see, and not the only, the, the, the situation of the goal and i mean, thought of something flash on prizes, labor market. they brought this industries bucks or so also the old 30 toddy m to pay more the ideal to deal with all the tardy and surround, or also at least find a ride in case of a mistake in the house. and i want to come back to you with regard to you were talking earlier about this loan that's being negotiated with the international monetary fund at the moment. clearly that is key to argentina's economic stability going on in the future. how. what do you think is the i m f about what's going on? i would suspect i don't have inside information, but i would suspect they are pretty worried because of the power of instability. and because of the prospect of

a totally unknown candidate with a pretty radical. ready are right when this course coming to office, so i think that would make them uh, quite a concern about uh, increase the future is the policy as one could expect to is a program such as been. ready were implement. ready argentina and on the other hand, the i, a map has shown a very substantial rigidity in, in making more flexible. ready conditions on their, on their loads given argentina's situation. so one doesn't see a lot of a lot, a lot of a change in what day has been bonded. and so the i a mattress also contributed a quite substantial. ready service to the terms, the instability, economic instability, char it's, it's a bit of a, of

a chicken and egg problem. busy and what we'll come later um is. ready the total amount. ready so last thing i know you want to come in there, but i'm just going to essentially put you on hold for a 2nd. i want to, i want to talk to a heavy fall given the circumstances intelligency defines itself and, and given that they did this a surprise that has happened in politics. given everything that we've talking up been talked about. is there anything that the existing parties can actually promised to do and follow through on that would actually show that they have any sort of influence or control over the economy that would actually benefit audience any is what the government might have to negotiate when they will see where they are, you may have shifting their lives. so they did aggressive 1st thing and or the economy is to watch in washington. the goal trying to think will take well that it may have doubled if them, if relaxers should be the pressure if he is putting on june to the to pay the debt . which john is trying to help pay with this um, covering sea salt line of 10,

b and bonus. that boots improved dissipation because they would make people st. calling us like what they call them is doing something the relation to what's going on here. and when the inflation is 116 percent, how it's going to go down with the now. and probably it's going to be very difficult or the 5 to 40 percent of i can tell leaving this screen public. so the government will have to implement said meshes, which will enable them to recover the initiative. i don't know whether that would be most full of the people just to go back to the bid on these tests. maybe not. so maybe they would be more inclined to vote for traditional conservative now, or even the lady is going to need both from the tradition of conservative side or, or judging and 40 takes about 3 she a board which is going to probably say, look, we can support you, but you're going to have to change certain bodies. you know, the problem is that because of the, i don't need to what crazy is there? why, what, but extreme ideas to me that you have in relation to the economy, that the legislation of the account number that goes down to the central bank that

goes to the government goes what she wants to disappear, but before together, and that changing us an important member of the state of michael, so to get the blood pressure to do a white part of why envision shayla, she wants to disappear, that that would make it very difficult for i just do not to continue afraid he would win official sort of exchanges. so that you will have to change the buttons will have to expose the limitations of these extreme ideas to convince people. if you vote for this guy, we have to have a lot of trouble with our plate. we're going to have a lot of trouble with them if we have a lot of trouble with neighbors. and we cannot afford that. and we're going to have a lot of stuff with china, which has become a very important part of that. or if i guarantee not in terms of intense, of helping to pay to that. so 1st of all that go talking about that, that's the writ written this a month is exposing their limitations or has been the lease of thinking. but also in the case of the government to have to implement emergency mission, which will enable them to recover the initiative i'm calling because people that

voting for having to be like it's a very biased but idea. mm. so the last thing you had a point that you wanted to make just a moment ago, 1st of all, i, i agree with my colleagues that the internet's almost verifying is playing a political role. play that 40 years ago when it's grunted of the big how you guys long in the 3 funds history or for $40000000000.00 to that concern about the ministration of my lease. you know, it is requiring adjustments, gods, or have been requiring adjustments. i, i'm god's, i may have a severe job in 13000 the now that's kind of affected about effect. it's 25 percent of the exports of the country vcr. you know, based on to this, that thought i'd, i'd say shuttle probably, i mean, i mean like he's proposing it has a base, a basic weakness of something up on the send on the bottom particularly doesn't top

dollars. so if you have any like, want to, to come about of the, the, are the same thing going on me into, into a, at the currency of going. i mean, while we are out of the door, louder, some on how these profit this process we've got, we got really out. and then you asked about the, the amount of tennessee i'm the or something my ship measures dodd's that based on i as documentation. my input man and in the, in the next few future, let me say that's in the medium tom. as, regardless the result is he some did the possibility to export the largest guide from a big hydro car department. so i was just in a more of the show results this guy spend all the, uh, juice on 24 years without the dogs we, they both seem to do exports to any,

be on more of grandson's soybeans. why? when it modify this page for whoever is in office from december. hm. and i want to ask you about the day to day life of argentines, because of course, those are the ones with the votes, and those are the ones that, that's in many ways people would say those are the most important ones. those are the ones that my time, everything that we've been talking about sebastian has gone through some of the options that are available to the group to 2 parties over the next few months as emergency measures and so on. these seem to be large scale operations. they seem to be a to do with the country as a whole and the economy as a whole. is there anything that you can see the parties would be able to do that would directly affect the daily lives of argentinians by trying to ameliorate the pie. so the, the, the prices of fluids in the, in the shots for example. yeah, i mean it's interesting because we'd be talking about what some of the football,

macro impacts of, of, of delays proposals are regarding china bartlett's or daughter, ization, etc. well, dollarization. ready slightly different situation, but the truth is most of the people who have voted on. ready they are, are young mostly male, and also workers that have very various jobs. the platform jobs, jobs with no sort of security and also with relatively low. busy income set barely made against me. and so i think there's a very substantial discontent amongst a lot of the electrodes of not all. ready of body formula. ringback because of this uh. ready income situation which has lost consistently against inflation. so clearly the government is currently considered. ready measures such as,

for example, the trees, fuel hikes from here to the end of the year. busy in the bank, but there's talk all salary increases by decreased in order to provide a job in people's incomes to deal with the car. i'm surprised strong but also to deal with a longer term situation of depressed wages and price controls as it were a price of 3 months is probably more correct are. busy measures that are being, uh, would probably be announced next week. the thing is, of course, uh will that be enough to change the electronics mode between now and october. that of course, remains to be seen whether it be so you know, someplace move uh of the cause of the elections that out to the elections. it would

be back to the colored situation. okay. i want to ask all 3 of you, we are getting towards the end of the show, but i do want to ask all 3 of you briefly. i'll start with you around and do you think he's got a chance of winning and october of i wouldn't know what percentage true to. ready gave him i think it depends a lot on how the economic situation mostly evolves between now. and then i think the chance is, is it's fair. i wouldn't say. ready more than 50 percent john's and forgive me for interrupting, but i do want to do out of the hobby asked me ask and let me ask you about whether or not you think what is his chances are in october he has 30 percent of default. that's not enough to within this as well. and he mike 40, go to the 2nd round to the run off. i will depend very much on whether they're concerned with the side of the church and even 40 people vote for him. if he goes 2nd, if they're going to say about the some goals, take one those what they make the factual for a less controversial right. we candidate ability so seem to have the chance to win

this one. so notice that he's moving to study, want a is going to win the election. it's time for people to react that. but also if it's this was, as we all know, a purpose vote, then it will be a wake up call for the other parties on peace. ideas might not be enough for people to say, look, i'm going to vote for you, even though you'll have some pipe as a sort of a political the so he's not going to evaluate. thank you very much. have your accept box and let me come to you. what do you think his chances are in until the chicago sky? lot possible. so not to didn't but i still have some years ago. but the ball with the concern about the police on but the subordinate um the banner nice left leaning police on how bruce being the past that hey they have the this throughout is draw is this trends to re go over from this because the push on that price is not over, it's about same. thank you very much indeed. and thanks to all of, i guess i'll see what is heavy if i can answer by saying, look, who's the, i'm thank you to for watching. now you can see the program again,

any time by visiting our website. i'll just see the dot com for further discussion and go to our facebook page. that's facebook dot com, forward slash age a inside story. and of course you can join the conversation on x, formerly known as twitter. handle is a inside story for me, robotics and as a whole team here. bye for now the the,

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