Preppers’ PING!!
Twenty-five years ago I left a country of hyperinflation (5,000 percent in 1989), capital flight, currency instability, heavy-handed state interventionism, dwindling reserves, uncompetitive industry, heavy reliance on commodity exports, reawakening Peronist fantasies and bottom-of-the-world complexes
All I could think when reading that is that that will be the USA soon under Obama and endless QE.
I disagree with the author of this piece. I have information from a friend in Argentina.
Argentina has gone through cycles of failure MANY times. This is just one more. It isn’t Venezuela. The deplorable leader (Kirchner), will be gone.
People who live there - particularly older people - expected this and expect the good times that will follow.
In the meantime, Brazil has increasing crime and a decreasing economy.
Both nations have a lot going for them.
Chile is where it is really happening.
From America 2024:
Then, to give expression to its uniqueness, America invented its own political philosophy: a strange mishmash of nationalism, romanticism, fascism, socialism, backwardness, progressiveness, militarism, eroticism, fantasy, musical, mournfulness, irresponsibility and repression. The name it gave all this was Obamanomics. It has proved impossible to shake.
All of that text and he never gets around to the truth: Argentina was ruined by socialism, a dependency culture, and unions tied to the govt. Sound familiar?
“Argentina is the child among nations that never grew up. Responsibility was not its thing. Why should it be? There was so much to be plundered, such riches in grain and livestock, that solid institutions and the rule of law seemed a waste of time.”
Replace “Argentina” with “Obamanation” and you have the US today.