This Is What A Financial Collapse Looks Like

Argentina's Economic Collapse

Video

Documentary 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.

AND SOME COMMENTS ON THE VIDEO:

Bob - "A nice documentary, and this is an article that explains more:
http:// democracyandsocialism.com...yRecession.html

Ronin - I think people here should pay close attention to this documentary because is exactly the same chain of events as is happening right now in the United States. The same thing. The only difference is that Argentina had an external debt of 52 billion. The US has an external annual debt of 800 billion.

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