Русский  English  Deutsch  Français  العربية
 Somvid >> Argentina >> Argentina's Economic Collapse - Part 1 of 12



Argentina's Economic Collapse - Part 1 of 12




   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.
  Uploaded: July 10, 2008 at 8:25 am
  Author: WorldIssues2000
  Length: 00:06:35
  Rating: 4.9148417
  Views: 130841
  Tags: IMF policies neo-liberal Bank corruption economic World corporations swindle collapse banks theft government argentina
  Email to a friend
 
Video Url:


Embed Code:


Video Comments:
CALMSH1T (June 3, 2009 at 1:40 am)
i need to download that movie FULL version and translate to russian..please tell me somebody where i can download it..in my country(Latvia) now will be the same situation!
veny055 (June 2, 2009 at 6:47 pm)
Cada vez que veo esto se me pone la piel de gallina!! seas de el partido que seas o que te sientas identificado... fue una epoca horrible donde todo estaba para el orto!!! dios mio espero que con los Kirchner no pase lo mismo.........
antiworldgovernment (June 1, 2009 at 7:28 pm)
actually CASHFORGOLD is fooling the american populace with the help of the media if any of u havent noticed.so all those ppl caught in the lag ur talking about r selling all their gold to cash for gold and its similars. no one will have gold cept for...u guessed it...the elite.
Dean0000007 (May 31, 2009 at 4:27 pm)
The EU now has the same GDP as the US, and China now has the same GDP as Japan. Times are changing. I personally didn't see this happening for another 20 years. However, I didn't see the rich in America dumping on it's own poor to give jobs to poor in other nations. I guess it makes sense though, it's more profitable, and really the rich don't care about anything unless it's about making money. Philanthropy is only in vogue if the rich person can get a trophy for it or get their name on TV.
1040655 (May 31, 2009 at 10:41 am)
Well that may be true.But this is in nobodys interest. We in Germany for example simply need Amerika as our customers. If they buy it with money they borrow or print doesnt matter as long as they buy.When it all ends, it will hit the world. So we have to decide what is worse (more expensive): to sustain the strength of the Dollar or to resign the American market.
Dean0000007 (May 31, 2009 at 5:21 am)
I want to also add that the middle class (which really is the purchasing power in a nation) is shrinking in the US, and growing much faster in India and China, because that is where US companies are outsourcing. That will be the purchasing markets of the future. Also, in China they actually "save" money that they can spend, they don't have credit cards that they may or may not pay off like Americans. The US is one big purchasing power bubble ready to explode.
Dean0000007 (May 31, 2009 at 5:16 am)
So... theoretically, the world allows the US to print "free" money, that is supported by China, so the US Gov't can give money to the banks, create gov't infrastructure, prop up failing businesses?I think China supported the dollar because they didn't suspect the US would act so dramatically like it has shown in the last 6 months (not 10 years) to print money. I say again, China is not dumping on their investment in the dollar, however they are not pouring more money into it either.
1040655 (May 30, 2009 at 11:53 pm)
The question is not if countries will or will not support the USD. We can see for at least a decade now, that they do.The world economie at the moment is, that the world sells products to the USA, and the USA are buying them.That works only as long as the Dollar is strong. If the Dollar is weak, US-made products become too cheap and nobody can sell anything to the US.Why would China for example want a weak Dollar? Their economie hangs a hundred percent on the exports to the US.
Dean0000007 (May 30, 2009 at 8:10 pm)
Not true at all. Countries will not support a fiat currency that is irresponsibly printed and flooding the market regardless if that money is undeservedly high in value and increasing trade because the value cannot be maintained without a gold standard. China has stopped investing in the US dollar, they are investing in precious metals now.The US dollar has lost much of it's value in the last month.The US should be very worried if Iran,China,and Brazil unhinge the US dollar as the world currency
1040655 (May 30, 2009 at 7:07 pm)
That is not true. In fact all important countries are extremly interested in a strong dollar. Euro must stay weak because otherwise export for Europe goes down. Same with Brazil and other export countrys.China of course needs a strong Dollar because they have so many dollars. In fact China is a major player in buying Dollars and keeping its price up.Thats why the whole world is tryin to hold the dollar up, and the US is printing money on their cost....That system still works...
Dean0000007 (May 30, 2009 at 12:52 pm)
I completely get it. I 100% agree with your statement. The only thing keeping the American dollar up is that it is still the international standard for pricing goods such as oil or gold. Countries such as Brazil and China are trying to change that. The American dollar is still dropping though and will continue to drop for the foreseeable future. Looks pretty bleak to say the least. Where I live we're going through a deflationary period, and the Canadian buck is going up again'st the US Dollar
30percentplusreturns (May 30, 2009 at 2:17 am)
Dean, you still dont get it. Its not about repubs or dems. Its about the federal reserve printing dollars out of thin air. If a state isnt producing anything new, and there is no new productivity, the extra dollars are pure inflationary. This causes the prices of all good and services to constantly go up and states will pretty much all run deficity no matter how fiscally conservative they are.
8


 Featured Videos:
Miley Cyrus - 7 Things - Official Music Video (HQ)
Alicia Keys&Jack White - Another Way To Die [Official Video]
Hayden Panettiere New Music Video "Wake Up Call"
Digfeer - Jeeb maran - Somali Music
King Khalid - Aaheeya
BLACK&GOLD eye shadow make up Inspired by Sam sparro
somali best niiko music
Somali Music - Hasan Adan Samater - Balambaalis
Usher : Love in this club
Nimco Yassin iyo Jooqle - isoo dhawoow
Omar Sharif - Rooneey
Abdi iyo Deka
 Categories:
Music Comedy
Autos & Vehicles Education
Entertainment Howto & Style
Film & Animation People & Blogs
News & Politics Science & Technology
Nonprofits & Activism Sports
Pets & Animals Travel and Events
Technology Somali Music
Stunts Animation
Somali Girls Heeso Somali
Video Games Movies
Fashion Lifestyles
Business Educational
Science Djibouti
 Categories:
Music Comedy
Autos & Vehicles Education
Entertainment Howto & Style
Film & Animation People & Blogs
News & Politics Science & Technology
Nonprofits & Activism Sports
Pets & Animals Travel and Events
Technology Somali Music
Stunts Animation
Somali Girls Heeso Somali
Video Games Movies
Fashion Lifestyles
Business Educational
Science Djibouti
 
  Search:
  Google Ads
 
Featured shows
Listen to Somali Music, Heeso, Songs, Watch Music Videos, Somaliland Music, Get Free Music Downloads by Bclub19.com Largest Somali site On The Net. Banadir24.com
Banadir24 - Online Games Discussion Forum - Banadir24