Part 2: http://... on the events that led to the economic collapse of Argentina in 2001 which 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. The net result was massive wealth transfers and the impoverishment of society which culminated in many deaths due to oppression and malnutrition. Official name: Memoria del Saqueo by Fernando Solanas 2003.
It's hard to believe that yet in 1950's and 1960's was Argentina among the wealthiest countries in the world.
thefree2000(June 22, 2009 at 2:34 pm)
Well horsemanreturns it looks like it our time you stupid ass.PS I hope you work for Chysler
Ideasnextdoor(June 22, 2009 at 1:48 pm)
Don't forget! W Argentina
alfaceandrice(June 20, 2009 at 1:12 am)
Well, that's what people think.He's just another populist president of South America. Brazil is not going sooo good. We could be much better, but he doesn't know how to govern the nation.But he's not the worst, I believe his government is regular. I would give 5/10 to him. At least he's better than Fernando Henrique Cardoso.But we have been losing time. We could be growing in an Indian rate, but he doesn't make the needed reforms and investments.
horsemanreturns(June 19, 2009 at 6:25 pm)
from oxford dictionary:spincs (n): are smelly, stupid, poor, uncivilized, blood drinking, toilet worshiping animals.
fusteiner(June 19, 2009 at 12:41 pm)
stfu. over-generalizing like a stupid fucking idiot. wtf is a "spinc" you piece of shit.
Henry1807(June 19, 2009 at 1:25 am)
Hello, why do you say that Lula is "not a true president"? I admit I don't know very much about Brazil's internal politics, but my impression was that he was doing pretty well as president.Thanks.
alfaceandrice(June 17, 2009 at 10:23 pm)
That's what we hope so.And I don't believe Brazil will help so much Argentina, not with Lula in the power. He's not a true president.What is saving Brazil is China, emerging Asia and South America, because exports to European Union and US dropped dramaticly.But I have to admit I got surprised the way Argentina and Brazil are showing resistence to this crisis in a general way. Look to the 1980, South America GDP would probably had fallen by 10% or more. LOL
italodal(June 17, 2009 at 5:11 am)
You almost entire right my friend. The GDP grew 8,8% in 2003, 9,0 in 2004, 9,2 in 2005, 8,5 in 2006. After that, started the lie. In 2007 the government said that Argentina grew 8,7, but economists said it grew 8,2. In 2008 they said Argentina grew 7,0, but most of economists said that it grew about 5,5-6,0%. The "true" inflation in 2007 was about 14% and in 2008 it was almost 20%. Now Argentina is in a soft recession, but in my opinion it will recover thanks to Brazil and China help.
horsemanreturns(June 17, 2009 at 3:46 am)
watch these wetback loser bankrupt their country for the 9605678467th times. spincs are just bad with money.
alfaceandrice(June 16, 2009 at 9:44 am)
That's the problem.They grew by 8% annually, but they are facing an inflation of some 15% a year.Some economists says the government is lying about GDP and that Argentina grew by 8% only until 2006 and so on it is growing by 4% and they also say that the government is lying now about the crisis effects.All these countries you mentioned are bankrupt or will be soon.
italodal(June 16, 2009 at 7:50 am)
Today the Eastern Europe is in the same situation, Paul Krugman said that Latvia is the new Argentina, but the other baltics countries, some balkans countries and even Slovakia, Hungary and Poland are in the same boat.I hope they have a recovery like that Argentina was in 2003-2008 with growth rates of 8% annually. Argentina grew too much, after this crisis because it left FMI's "neoliberalism" economics. Don't fall again in comunism, but forgot miraculous ways of Washington consensus.
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