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Where Is Obama's Socialism Taking Us? Argentina's Fall May Be Our Future
The Collins Report ^ | 1/11/10 | Kevin "Coach" Collins

Posted on 01/11/2010 3:28:16 AM PST by brucek43

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Listen to Coach every Tuesday at 8:30 AM Eastern Time. The Wakeup Call, with Ken Walsh. WFTW 1260 AM from Fort Walton Beach, Florida. WFTW listen live. Ken Walsh is a retired Air Force Jag Officer.

Every Wednesday at 8:30 AM Eastern Time. The Captain’s America with Matt Bruce. WSRQ 1220 AM from Sarasota Florida. The Captain’s America Matt Bruce is a Viet Nam veteran who is a retired Fire Rescue Captain.

Real Americans will love the give and take on both of these shows. They’re both Coach Approved and two thumbs up.

At the start of the twentieth century Argentina was among the wealthiest countries in the world. It’s farm burst with produce and its countryside was covered with telephones and cars and railroads. Argentine beef fed much of South America. Nevertheless, in 1916 a new president promising “fundamental change” which appealed to the middle class who overlooked the fact that his new party lived up to its name “The Radicals.” He introduced mandatory: pension insurance, health insurance,and low-income housing to “stimulate” the economy. The government took control of Argentina’s economy and new payroll taxes to pay for its adventure. Soon the country’s treasury overflowed, but its entitlement programs grew faster eventually the outlays outpaced intake. By 1946 when Juan Peron became president the Argentines were so lulled to sleep by 30 years of socialism they actually welcomed Peron and his flashy young wife Evita. Peron used the fascism he had learned from Mussolini to turn on “the rich.” Before long “the rich” became what was the middle class and Peron made them a target to be fleeced and destroyed. Government and taxes grew larger and larger as did labor unions. Ignoring reality

(Excerpt) Read more at collinsreport.net ...


TOPICS: Government; Politics/Elections
KEYWORDS: argentina; obamasocialism; peron
Obama socialism Argentina Peron
1 posted on 01/11/2010 3:28:19 AM PST by brucek43
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To: brucek43
ferfal perhaps a model for the future America?
2 posted on 01/11/2010 4:01:14 AM PST by robomatik (III %)
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To: brucek43
No Commies Pinochet
3 posted on 01/11/2010 4:03:26 AM PST by Bon mots
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To: brucek43

Thanks for posting this - I used Argentina’s decay in an earlier thread - but it deserves special attention. Most commonly we refer America’s decent to the fall of the Roman Empire - but 20th century Argentina is a more accurate and frightening comparison for this current American crisis. i.e. the Obama socialists have now claimed that their Nationalized Health Services Bill will add 4 million jobs!! How can paying 4 million new employees to create & keep medical records (for government bureaucrats) save money??


4 posted on 01/11/2010 4:34:17 AM PST by sodpoodle (Stop wasting our wealth and start telling the truth.)
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To: brucek43

ping for later


5 posted on 01/11/2010 4:38:50 AM PST by pctech
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http://www.freerepublic.com/focus/f-news/2420567/posts


6 posted on 01/11/2010 4:48:37 AM PST by sodpoodle (Stop wasting our wealth and start telling the truth.)
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To: brucek43

Video - Argentina’s Economic Collapse

http://vodpod.com/watch/1258780-argentinas-economic-collapse-full-version


7 posted on 01/11/2010 5:26:22 AM PST by preacher (A government which robs from Peter to pay Paul will always have the support of Paul.)
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To: brucek43

good post...thanks
repeat often


8 posted on 01/11/2010 6:21:17 AM PST by pointsal
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To: brucek43

Historical examples such as Argentina, Wiemar Republic, Zimbabwe do offer some parallels and warnings for our current situation.
However, the major difference is that none of the above countries currencies functioned as the reserve currency. Today, all major central banks hold dollars and US debt. The Europeans appear to have problems with increase debt risk (Ireland, Greece) and they will probably mirror the dollar at least to some extent. Britain’s pound is highly leveraged.
Other developing countries such as India, China, Brazil are rightly slowly and carefully divesting or their exposure to USD. Nonetheless, they too will be adversely affected by US monetary and fiscal policy.
So,inflation in the US may be somewhat mitigated by worldwide exposure. The penalty will be a worldwide currency and global governance.


9 posted on 01/11/2010 6:29:47 AM PST by grumpygresh
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To: brucek43

Fleeced and destroyed Government and taxes grew larger and larger as did labor unions. Ignoring reality. Sound like anybody we know?.


10 posted on 01/11/2010 8:14:53 AM PST by Vaduz
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To: brucek43
Thanks for posting Coach Collins.

Eek.

11 posted on 01/14/2010 8:16:01 AM PST by Mrs. Don-o (Socialism, the gospel of envy: its inherent virtue, the equal sharing of misery. — Winston Churchil)
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