Update from Cafayate

Hello from beautiful Cafayate, Argentina,

I am sorry for the lack of blog posts this week... but the trip to here is a killer.  It took me about 3 days total to get here, flying first from Cabo to Mexico City and staying overnight in the El Camino Airport hotel (I prefer the NH hotel in Mexico City airport but it is in terminal 2 and my flight left from terminal 1 so I stayed at El Camino).  El Camino recently updated its lobby bar/lounge and the rooms as well so it is a lot better than it used to be.  Our flight from Mexico City to Buenos Aires left at 6am and it was a 9 hour flight.  Because Buenos Aires is an hour ahead of Eastern time it meant we lost 3 hours as well, so we arrived in the evening in Buenos Aires.

We then had to awake early again for an 11am flight from Buenos Aires in-town airport, Aeroparque to Salta.  I took this picture of the view from our hotel room with a view to an incredibly ornate cemetery.

The flight from BA to Salta was 2 hours on a packed, large plane.  We were then met at the airport by La Estancia de Cafayate's concierge, Candelaria, who had our rental car sitting there waiting and we commenced the incredibly scenic drive to Cafayate.  Here is a photo of some of the scenery - you'll have to excuse my fiance, she refuses to allow a photo to be taken without her in it.

We stopped about half way to have lunch at a place called La Posta de las Cabras, which I highly recommend.  It is run by a German guy... in fact everyone dining there were German too.  Just down the road is a town called Aleman, which means Germany in Spanish.  So, once again, my wife had the advantage by both speaking Spanish and German.  I hobbled along with my broken Mexicano Spanglish as per the usual.

Here is a photo inside of las Cabras that I managed to take when my fiance went to the washroom.

And a photo of the exterior on a gorgeous day:

And then, finally, after three days, we were in Cafayate.  That, by the way, is one of the best things about Cafayate, it is very far away from anything and very hard to get to.  I laugh heartily at the odd screwball who, having never been to Argentina and having read something somewhere, posts in our comments sections that Argentina is dangerous.

There is nothing for hundreds of miles but donkeys, cows and wineries.  Sure, you could come up with some situation where you drank too much wine and tried to ride a donkey and ran into a cow... but that would be the extent of any "danger" here.  The people of the very small town of Cafayate, which is less than a kilometer from the entrance to La Estancia, are all incredibly passive and nice people.  The whole world could erupt into chaos and they'd never even know it here.  People live very happily here eating world-class meats, drinking world-class wine and strolling in the plaza.

ARGENTINA HEADED FOR HYPERINFLATION, YET AGAIN

Prices have gone up significantly, in just the 6 months since I was last here though.  Argentina is on the verge of its fourth hyperinflation.  Some people ask if the heavily socialist government here worries me.  The answer is, no, it doesn't.  Because while they are complete socialist idiots they are also incredibly inept.  In the US, the government is so powerful that it is very, very dangerous to life and liberty. The Argentine Government, on the other hand, are like an inept group of bumbling, blathering fools.

And, the country has gone through so many hyperinflations now that it is just normal.  Everyone just expects that.  At dinner the other night, a very rich Argentine told me that the current inflation rate is about 30% per year... he laughed, and said, that is nothing!

After such a history in Argentina, one might think that they may have learned from destroying their currency countless times.

Keynes Kool-Aid Drinker, Mercedes Marco del PontMercedes Marco del Pont, the current President of the Central Bank of Argentina, recently stated, "The price problem doesn’t have monetary roots" and, "Inflation is a result of companies being unable to meet consumer demand and should be resolved by boosting loans for production."

Say again?  Yes, she actually said that.  Mercedes, unsurprisingly, was indoctrinated at Yale where they teach Keynesian witch doctorism.  Unbelievably, she plans to increase the money supply by 28 percent this year to "accommodate" economic growth, a move she says won’t affect inflation!

History shows that Marco del Pont is not alone amongst her brethren of world-destroying Central Bankers.

To those who are brain-users, it seems almost incomprehensible that these Central Bankers never seem to figure out that inflation and hyperinflation are caused by printing too much money - the one thing in which they are solely responsible.

NO WORRIES

I'm looking forward to the hyperinflation to destroy the Argentine Peso, yet again.  As soon as it collapses again we should be able to hire workers at 80% less than their current costs - and they are already quite cheap.

As for the here and now, we've been going from one party to another since arrival.  The vino never stops flowing here and we've been enjoying meeting so many dollar vigilantes who have made the long trip here and seeing many friends that I made the last time I was here in the spring (autumn here).

I'll still be here for more than another week as another group of vigilantes is coming down from the 9th to the 13th (its still not too late to come down but this is definitely your last chance).  Send an email to us directly at tdv@dollarvigilante.com if you'd like to arrange a last minute trip.  You can see more on the event here: http://www.dollarvigilante.com/escape-to-cafayate.  If you missed this one, they have these events every 6 months, so we'll be back again in March or April for the harvesting season.  If you'd like to be put on a mailing list for the next even, you can also email us above and let us know.

Until then, I'm now off to the Casey Research investment conference and then, almost without doubt, another evening of fun, mingling and too much wine.

Have a great weekend, wherever you are!

Comments

[spiritsplice]

What do you mean they don't learn? They have a perfect track record for doing what is worst for the public and best for the banksters. Do you really think that all these countries could follow the same policies for a hundred years, always producing the same results, by accident? They want these results, no accident, no dumb people preaching.voodoo. They know its bs and what it causes and they are doing as instructed.