Argentina Tops List Of 20 Signs Of Global Economic Meltdown

[John.St]

Hehe, doesn't work like that. The trick is to convert those hot-potato dollars into something of more enduring worth (land, precious metals, maybe some other currency).

You are trying to chicken out!

 

[nicoenarg]

EDIT: Actually nvm. This thing has been discussed on this site more times than what the real rate of inflation in Argentina is.

 

[jackbower]

:lol:
Man. I gotta get a job at the fed. Its literally like taking candy from babies.

 

[steveinbsas]

Matt Drudge recently tweeted four words without an explanation:

"HAVE AN EXIT PLAN"

What better reason could there be to have an exit plan than a global economic meltdown?

In a google search I found this :

https://www.shtfplan...t-plan_01272014

It's a survivalist/prepper site with the same ads that appear in the website that linked when I started this thread.

I found this article embedded in the above link:

http://www.shtfplan.com/headline-news/mark-levin-government-is-simulating-the-collapse-of-our-financial-system-the-collapse-of-our-society-and-the-potential-for-widespread-violence_03082013

 

[ajoknoblauch]

No other "journalist" has a more appropriate surname than "Drudge."

 

[Dublin2BuenosAires]

A fed shill, interesting, I think I have been to the US maybe twice in the last 10 years. Another one for the ignore list I think....

 

[sleslie23]

Whose pick'in a banjo here?

See what you did Reneige? You knew about Joe's Deliverance fetish. Just when we thought he was in recovery.

 

[camberiu]

See what you did Reneige? You knew about Joe's Deliverance fetish. Just when we thought he was in recovery.

You have a purty mouth, boy.......

 

[sleazemerchant]

It does that, sure. But it also prints money to fund its own fiscal shortfalls to the tune of roughly $85bn a month -- and is forced to do so because of insufficient tax receipts. This is what's making the markets jittery and my guess is at some point there will be a mad stampede for the exit (from the dollar).

This is blatantly false information. To begin with, the Federal Reserve is actually a profitable institution that turns over most of those profits to the US Treasury on an annual basis. Second, the Federal Reserve does not print any money ever. The "$85 billion monthly fiscal shortfall" you are alleging has nothing to do with the Federal Reserve and is the US federal government's budget deficit; this deficit is not funded by "printing money" as you allege. The US Treasury auctions off securities (T-bills, T-notes, T-bonds) and the proceeds of these auctions are what funds the government's fiscal deficit.

 

[Gringoboy]

If The New York Times is to be believed, Argentina is on the brink
I'm wondering if that's a little dramatic.