Lessons from Argentina's economic collapse

This 4 part article is a reality bite from a country
where the economy DID collapse. It gave me a-ha moments
relative to some of my ideas of what could happen if
it happens here, in the United States, BUT it also gave
me validation of many of the directions I have taken
my own preparations. The last page which gives a list
of what the author recommends buying while you can is
very good~~

``````````````````````````````````````````````````````````````````````````````````````
Lessons from Argentina's economic collapse
by Esteban Morales

(Editor's note: the article that follows is a very sobering account of the effect that the collapse of the Argentine economy (1999 - 2002) had on its citizens, as seen through the eyes of one of them. The economic collapse wiped out the middle class and raised the level of poverty to 57.5%. Central to the collapse was the implementation of neo-liberal policies which enabled the swindle of billions of dollars by foreign banks and corporations. Many of Argentina's assets and resources were shamefully plundered. Its financial system was even used for money laundering by Citibank, Credit Suisse, and JP Morgan (sound familar?). The net result was massive wealth transfers and the impoverishment of society which culminated in many deaths due to oppression and malnutrition. I am not sure the same thing is about to happen here, but I am sure that there is a distinct possibility that it might. Just food for thought - JSB)

The complete compelling article~~

http://www.silverbearcafe.com/private/10.08/tshtf1.html

``````````````````````````````````````````````````````````````````````````````````````

best wishes,
Zoe

-_-



Tweet