Posted on 03/26/2023 9:39:22 AM PDT by SeekAndFind
Now that we are seeing inflation and serial bank failures in the U.S. with few prospects of any improvement so long as Joe Biden is in the saddle, perhaps a look at what that's like when the experience is extended is worth the trouble.
Emily Stewart, at Vox of all places, has written a brilliant, yes, brilliant, piece describing in minute detail just what the hell that kind of living is like. What is it like for a modern economy and a first world lifestyle to go the way of, well, Argentina? She describes it from a recent trip very, very well.
It all kind of looks the same as here. It's first world. People have kitchens and electricity and flush toilets. They wear shoes, go to school, and speak English. But it's not the same, and the changes creep up in the manner of the boiled frog -- until they become complete lunacy around the issue of money.
The only thing missing, and perhaps it's outside the scope of her piece, but it's very critical, is where that kind of economy came from. Hint: We know it well.
Stewart begins her piece out with this:
For those unfamiliar, the ways people in Argentina navigate the day-to-day economy can sound wild. When you don’t think you can trust the bank, the currency, or anybody in charge, things can get pretty weird pretty fast.
Amid super-high inflation, people can’t bet on the value of the Argentine peso staying stable, so when they’re paid in them, they spend them fast or convert their money to American dollars — it’s unwise to keep your money in pesos for too long.
(Excerpt) Read more at americanthinker.com ...
“The Argentine economy has taught the people here not to trust in institutions in general but also not to trust in one of the central institutions for the functioning of the economy, which is money,” said Santiago Cesteros, a research fellow at the University of Zurich and former consultant at the World Bank.
In the 19th century was among the wealthiest countries on the planet.
I wonder what happened? Hm.
This is the time to ask do we trust God, or cash or the government
This is the time to ask do we trust God, or cash or the government
This is the time to ask do we trust God, or cash or the government
Vox promotes woke socialism and corrupt, bloated government as a matter of course, then writes an article about other places that are living under just such a system
Three times.
What strikes me is how much time is wasted waiting on line, or taking ferries to Uruguay, or workers going on strike to secure wages that keep up with prices. All this wasted time that could have been put to more productive use. The breakdown of a currency equals a breakdown of society.
Eva Duarte.
In God We Trust.....all others pay cash.
Is Uruguay much better?
Much better.
If only we can get the super diverse spanish influenced ideals of corruption to our shores
And, if President Sniffer continues on this path - what currency will Americans be able to convert to? Canadian? Mexican?
What strikes me is how much time is wasted waiting on line, or taking ferries to Uruguay, or workers going on strike to secure wages that keep up with prices. All this wasted time that could have been put to more productive use. The breakdown of a currency equals a breakdown of society.
What should we choose today?
Emily stresses to not lose confidence in institutions. How about the institutions quit screwing up?
Americans no longer have to face the arduous trek to places like Argentina or Venezuela to experience a culture and society where citizens
cannot trust their government, banking system or currency.
Thanks to our own democrats and other unhinged leftists we now can have the exact same experience right here in our own home towns.
It is the lack of Trust in God that is costing this nation our freedom and prosperity.
I find myself buying tools I don’t need now but will in the future. And of course topping up my preps.
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