Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: AmericanMade1776

Democrats want to copy the Argentina Model of seizing private savings and Pensions.

“On Oct. 22, The Wall Street Journal reported that the Argentinean government had seized all private pension and retirement accounts to fund government programs and to address a ballooning deficit. Fearing an economic collapse, foreign investors quickly pulled out, forcing the Argentinean stock market to shut down several times. More than 10 years ago, nationalization of private savings sent Argentina’s economy into a long-term downward spiral.”


5 posted on 11/05/2008 6:42:52 PM PST by AmericanMade1776 ( Our Mamma beats your Obama)
[ Post Reply | Private Reply | To 2 | View Replies ]


To: AmericanMade1776
Oh, Argentina, that place, I grew up around there; their ‘system’ had to devalue their currency several times over the last decades so their ‘decimal point’ kept moving!

Oh, those people that had their savings in dollars a few years back, well, the gov just changed it to pesos overnight and they just ruined tons of families.

Yeah, that is what is coming, makes me think back when I studied the Constitution to be a good American and moved here, now I am abut to re-live my youth!!!

27 posted on 11/05/2008 6:51:52 PM PST by elpinta (Insured by Walther, Glock, Smith & Wesson.)
[ Post Reply | Private Reply | To 5 | View Replies ]

To: AmericanMade1776

If they tried, I would pull out all of my 401k money, convert it to gold and stash it.


84 posted on 11/05/2008 7:27:36 PM PST by Blood of Tyrants (G-d is not a Republican. But Satan is definitely a Democrat. And Obama is the Antichrist.)
[ Post Reply | Private Reply | To 5 | View Replies ]

To: AmericanMade1776

Or better yet, I would send it to a Swiss bank.


85 posted on 11/05/2008 7:28:04 PM PST by Blood of Tyrants (G-d is not a Republican. But Satan is definitely a Democrat. And Obama is the Antichrist.)
[ Post Reply | Private Reply | To 5 | View Replies ]

To: AmericanMade1776
Well... that hot little Lefty babe running Argentina (you know, the one who took over for her husband when his term expired) attended the same “prep” school! They don't call it internationalism for nothing! They study fro the same play book world wide. The communist anthem is the International.

These folks are VERY well prepared and are taking over very fast. Remember the last election in Spain? Trains blown up and the beautiful young Lefty is elected to SAVE Spain. same old crap. Remember, Hitler was good looking in his youth too!

122 posted on 11/05/2008 8:13:17 PM PST by April Lexington
[ Post Reply | Private Reply | To 5 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson