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horgad
1000+ Penny Miser Member
USA
1641 Posts |
 Posted - 07/21/2008 : 08:52:59
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Warning watching this might keep you up at night worrying and sorting pennies instead of sleeping....
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The documentary divided into twelve parts tells the story of how debt combined with political corruption impoverished a nation that was once so rich that the expression "Wealthy as an Argentine" was once in common use throughout the world.
When the USA took on trillions in debt starting in the early 1980s, did we enter a Dante's hell as Argentina did when it took on its debt under a military dictatorship in the 1970s? Is it only a matter of time before US debts lead inexorably to currency crisis, inflation, and political chaos? The story will strike North Americans as uncomfortably familiar.
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redneck
1000+ Penny Miser Member
1273 Posts |
Posted - 07/21/2008 : 20:59:06
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This should be required viewing.
It has the same players - Bush,Kissinger,JP Morgan,Citibank,BOA,Chase Manhattan,Spain,France,England,USA and the IMF (international misery fund)plus many others you will recognize .
Money, corruption and treason is what it is all about.
It shows exactly what a debt based monetary system and the people that promote it will get you.
The similarities happening here in the USA are sickening .
You owe it to yourself to watch this......
Excellent post horgad.
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horgad
1000+ Penny Miser Member
USA
1641 Posts |
Posted - 07/22/2008 : 07:27:48
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Yeah...it was a mess. The thing that surprised me was that after experiencing democracy many of the people there ended up longing for the good old days when they were ruled by a mad dictator. The democracy actually ended up being the more corrupt, greedy and destructive of the two!?!?.
In the documentary, they started out under a dictatorship and all of the major money making business were owned and milked by the state, but if you went along with the dictator you were basically OK and could get a job working for them. (This is not to say that the dictatorship was good. Lots and lots of people in opposition to the dictatorship were killed.)
When they switched to a democracy, the politicians, big local corporations, and big foreign corporations managed to work things out so they could steal all the wealth of the nation and leave it a dry rotting husk. One way that his happened was something like Big Oil France corporation wants to buy some oil wells owned by the state that and worth 1 billion. So Big Oil France pays off the politicians with 10 million and gets the oil wells for a bargain price of 100 million. Big Oil France takes over operation of the oil wells and lays off the majority of the locals working there.
The end result was massive unemployment, violent protests, pensions going away, medical care going down, banks locking the doors and not letting people have their money, malnutrition, kids living at garbage dumps, hyperinflation, destruction of the middle class, etc...
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Edited by - horgad on 07/22/2008 07:28:28 |
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fb101
Administrator
USA
2856 Posts |
Posted - 07/22/2008 : 07:53:07
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| The handwriting is on the wall... |
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Argentina
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