Is Argentina heading toward economic crisis - again? | CNBC Explains

  • Published on Nov 1, 2019
  • A century ago, Argentina was one of the 10 richest countries in the world. Since then, however, a long series of economic crises have made it the only nation in modern history to regress to developing country status. CNBC's Sam Meredith explains what is behind its boom and bust cycle.
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    #CNBC #Argentina #Economy

Comments • 1 035

  • Indo .Squad
    Indo .Squad 5 hours ago

    The host seems happy with what happen to argentina, what kind of media you guys.

  • F Fuentes
    F Fuentes 7 days ago

    Argentine: "We are a first world country"
    The World: ok...

  • Sidney Maradan
    Sidney Maradan 9 days ago

    Argentina has to stop feeding their appetite for foreign debts and stop borrowing money from the IMF and World bank as these institutions are like the commercial banks and they charge hefty interest rates. Currently, Argentina is paying 4.25 % compared to the 1.25% that the Federal Government of the US is paying. This situation will not happen to the US, as the US prints its own money and sells its debts to China. US can print money of whatever they want, even if the tax obligations to collect it, out weighs its debts as it occurred. In comparison, Argentina cannot print more money and nobody wants to buy its internal debts. US dollar is the traded currency of the world. Of course, Argentina can borrow to the Central Bank of Japan to finance its debts and the Japanese can manage and owes its debts by having them pay much cheaper interest rates. And all Argentina has to do is to export more of its product to Japan and in exchange Argentina buys lots of Japanese imports. The City of Tokyo Japan generates the highest GDP cities of the world, about $1.456 Trillion a year, and of course the Japanese can manage to buy Argentina debts in this regard.

    Second, is to borrow to the Asia Development Bank of Asia in the Philippines. The Philippines is the largest depository of the Asia Development Bank amounted close to $1.456 Trillion dollars and Japan second contributor of over $500 Billion. During the Marcos era, the Philippine Maharlika gold was retrieved by President Marcos and transferred to the Forth Knox in Tennessee, USA worth $10 Trillion Dollars, and the rest of the gold bullion under the Central Bank of the Philippines worth $10 Trillion. Recently, the US returned worth $120 Billion to the Philippines. Today, the Philippines remains one of the poorest population in Asia because of corruptions and mismanagement of funds. Under, the new President Rodrigo Duterte, he is releasing some funds to built projects all over the Philippines and using its reserves to fund it. All borrowed money is just the media, but it is actually the Philippine money deposited by Marcos to some 1,000 largest banks around the world. The Philippines has plenty of money, Go to the You tube channel the Philippines and the Marcos gold.

  • Fernand Herrera
    Fernand Herrera 9 days ago

    Nationalism should help it and not leftist leadership. Look what happened to Venezuela. No Zionism in Argentina. It’s only good for them and not Argentines who are of Spaniard, Italian and Germans decent (non English European decent).

  • Sahil Raghuwanshi
    Sahil Raghuwanshi 11 days ago

    Atleast they have messi

  • John von Shepard
    John von Shepard 13 days ago +1

    "The World breath"
    Argentina: HELP I NEED MONEY!!!

  • Elvis Pfützenreuter
    Elvis Pfützenreuter 16 days ago +1

    Nice thing is, Brazilians can cross the border and eat even cheaper steak. Best steak and pastries of the planet!

    • M. Garcia
      M. Garcia 10 days ago

      I like Polish people, specially Jew Polish and you?

  • Джо Лу
    Джо Лу 17 days ago +1

    Yes. Argentina's economy is deeping down, why ? Because they're lazy socialists.

  • David Scheindlin
    David Scheindlin 19 days ago

    Sad, considering they have one of the prettiest women in the world

  • Jorge Morando
    Jorge Morando 19 days ago +5

    "Why does Argentina seem to be stuck in this pattern?" ... EASY ... Socialism.

  • Toni Kemppainen
    Toni Kemppainen 20 days ago

    Argentina is allways on the verge. Fix.

  • ezequiel Alberto
    ezequiel Alberto 20 days ago

    Waw que orgullo como argentino...

  • Klimts Cat
    Klimts Cat 21 day ago

    Jesus Christ!! Our hideous reality explained by gringos!!🤦🏻‍♂️🤦🏻‍♂️

  • Lynn Baker
    Lynn Baker 25 days ago

    All they have to do is cash in all that Nazi gold, and their troubles well be over with.

  • heinz53
    heinz53 26 days ago +1

    Argentina, socialista's = corruption, Left fascists......they ALWAYS are in a state of decomposing, but every few years it shows real

  • Everett Ivey
    Everett Ivey 26 days ago +1

    I'm amazed how well this guy avoided saying the problem is socialism, while explaining it was socialism. Worlds richest country- 40% for the depression. Then government intervention, welfare, more regulations. Boom the big government went corrupt and the country is starving. They put all the eggs in one basket and that basket had their leash

  • Kennita Pombar
    Kennita Pombar 27 days ago


  • Franklin Duran
    Franklin Duran 27 days ago

    Isn't like a couple years too late?

  • FAO
    FAO 27 days ago

    Argentinans should take the Falkland islands from the British and sell’em to Trump. Maybe he can find some... titanium?

    • No Name
      No Name 10 days ago

      Argentina's military is laughably unprepared to fight the UK.

  • Claudia A
    Claudia A 27 days ago +1

    It's ironic that CNBC/NBC talk about economic crisis when in the US they want the left party (democrats) to win and can't stop to criticize president Trump.

  • Danny Z
    Danny Z 27 days ago

    No, is not. Already is. 😂

  • Youtuve Youtuve
    Youtuve Youtuve 28 days ago +2

    Hey why not enlist your country to the US become part of the union.

  • Joex
    Joex 28 days ago +3

    Doesn't matter when you ask this, the answer is always YES.

  • snehal hegishte
    snehal hegishte 28 days ago

    Globalist plot to steal natural resources of Argentina especially lithium.

  • Andres Evan Zavaleta
    Andres Evan Zavaleta 28 days ago +1

    Typical Argentinians, voting for the worst option.

  • Francisco Gabriel
    Francisco Gabriel 28 days ago

    Is Argentina heading toward socialism - again? There is no crisis in Venezuela. There is socialism. Argentina will be the new venezuela thanks to the new socialism government. The socialist government has already taxed the meat and soy bean exports up to 30%. Farmers have warned that they will suspend production. The socialism punishes those who work and creates hunger for the population.

  • Rugby first, English second.

    They blame the IMF! Fine, do not ever give them any of our money again. Let them default and collapse.

  • B
    B 28 days ago +3

    Stop lending them money, let them put their house in order

  • Jorge Arellano
    Jorge Arellano 29 days ago +2

    I like capitalism but we have to change how capitalism works and come up with a better system (not socialism). Right now most of the countries in the world are having economic crisis and not very promising futures.

  • giska 91
    giska 91 29 days ago


  • Deep Point Türkiye
    Deep Point Türkiye 29 days ago

    Thanks to sionist IMF

  • Alejandro Fallas
    Alejandro Fallas 29 days ago

    People in Argentina are more concern about the national football team results,than the way politics manages the country...
    It's a same problem in most Latin American countries such Mexico and Brasil...
    As long as we are qualified into the next world cup who cares if the country is going bankrupt???

  • Isaac Azuz
    Isaac Azuz 29 days ago

    Can you short a country? Hmm

  • eric roodt
    eric roodt 29 days ago

    South Africa

  • HardWarUK
    HardWarUK 29 days ago

    The World is "heading toward an economic crisis"!!! It all starts in earnest in 2020, mark my words!

  • Lool
    Lool 29 days ago

    Has he broke his hands?

  • Juan Escobar
    Juan Escobar Month ago +3

    Argentina's problem, peronism

  • Arthur C
    Arthur C Month ago

    Such a Resources rich country...

  • captainzenbi
    captainzenbi Month ago


  • MakesYouSick
    MakesYouSick Month ago +1

    I wonder how long it'll take the Argentine government to start an incident over the Falklands to create another distraction for their people.

  • Willy Rodriguez
    Willy Rodriguez Month ago

    Make a perú video please

  • Packo_ Hubu
    Packo_ Hubu Month ago

    Corruption is the shit in Argentina.. Many seamen will prove that

  • Rigoberto Menchaca
    Rigoberto Menchaca Month ago

    Thanks the the IMF/FMI.

  • chova1123
    chova1123 Month ago +2

    Do an analysis on Taiwan and their thriving economy. In addition to the conflicts they have with China

  • Hanang Himawan
    Hanang Himawan Month ago

    The anchor is so hot, who's he?

  • Alexander Hernandez

    Again ?!?

  • JaenCarlo 122
    JaenCarlo 122 Month ago +1

    Argentina is inevitably poor, due to its socialist mentality. Poor people they need to take an economy class!

  • Miguel Aguilar
    Miguel Aguilar Month ago +1

    Argentina: facing crisis because of economic downturn

    Puerto Rico: hold my Rum

  • Miguel Aguilar
    Miguel Aguilar Month ago

    Wow! South America is having it's "Arab spring"

    • Bardo Pasquim
      Bardo Pasquim 29 days ago

      no... the left has left power, and is complaining...

  • Bardo Pasquim
    Bardo Pasquim Month ago +6

    Peronism, kirchnerism, socialist mindset.

  • Diego J
    Diego J Month ago

    Argentinian politicians not only rob taxpayers, they rob poor people using inflation. But that's not enough, they also rob bondholders and the ones who are supposed to rescue them the IMF.

  • TheOerdin
    TheOerdin Month ago +1

    They are stupid people who deserve what they get.

  • D M
    D M Month ago

    I got an idea to take everyone's mind of the economic crisis, there is a little group of islands of the eastern coast of Argentina .........................

  • BuzzFeedRight
    BuzzFeedRight Month ago +1

    For like the 30th time in 50 years

  • Mariano Santopinto
    Mariano Santopinto Month ago +3

    We are in an economic crisis since 2001, this country is the socialist dream if they are dreaming. (We love politician to lie to us)

  • Kent Hoover
    Kent Hoover Month ago

    This video could have been shorted to just saying socislism..

  • Valentin D
    Valentin D Month ago +7

    It’s always the same thing here in argentina, the government spends more than what it earns with taxes(which are huuge by the way) , and solves the issue by printing money and asking for loans. Our future is as nice as mud.

    • Valentin D
      Valentin D 28 days ago +1

      Hahaha, not me, just my stupid compatriots. We are dummed.

    • Miguel Garr
      Miguel Garr 29 days ago

      Is the same because you voted de same: peronismo!

  • SuperFlamengo SuperFlamengo

    The economic crisis is not because the margin of votes where high but because they elected a leftist socialist party,if they are not careful Argentina will soon be another Venezuela.

    • Ernst Schmidt
      Ernst Schmidt Month ago

      pfffft, venezuelans are amateurs compared to argentinians when it comes to economic crises. furthermore it's that socialist party was already in power before macri, who in 4 years only managed to worsen an already bad situation.

  • abdsantiago
    abdsantiago Month ago

    Cover Panama, bright spot in the midst of turmoil...even has a SWF...

  • Alex Gutierrez
    Alex Gutierrez Month ago +1

    So the moral is never lend and Argentinian money? Was that a correct summary of your report; seems straight forward from the facts made in the video