Montauk_Project
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Glad to see a lot of people on this forum agree: IMF, the gig is up!
Davidglen77 said:The larger problem is that that no country can really stand on it's own in what is now a fully global economy. Most developed nations that have robust economies follow the IMF's instructions and recommendations to the letter. So if Argentina is censored, that will spell disaster for this country, whether or not they follow the IMF or not. Because any other country that has money to spend will avoid Argentina like the plague, including possibly china, and Argentina will be forced to devalue the price of their most robust export, "soy" and the government's coffers wil empty out even more quickly than what is already happening. I love Argentina, but I will never understand why there are so many people that are hell bent on destroying it - over and over again.
A few words.....................Argentina won it's last World Cup by cheating. And so goes the collective mentality in every facet of the national norm.arlean said:I study economics ad nauseum but I'm still in the dark. I know there are smart economists here and maybe someone can help me. I will confess ahead of time to having read John Perkins Confessions of an Economic Hitman about how he was paid to give these countries fake figures in order to entice them to borrow, but it was with the purpose of ripping off their resources because they KNEW they would not be able to pay. This is the outrage of it all.
WHY can't they stand on their own? Why can't they borrow from their own people (government bonds) and work to build their own industry? That's what I don't get. But I believe in families running their finances the same. We financed a house but paid it off and didn't finance a bigger one. 'Course in this environment you can't keep savings in currency, for the most part you have to make good decisions about that as well. But what is wrong with that plan (speaking of a country here, the family was only an example in micro). Can anyone explain it in a few words? I just don't get it.
Yup.ghost said:A few words.....................Argentina won it's last World Cup by cheating. And so goes the collective mentality in every facet of the national norm.
arlean said:WHY can't they stand on their own? Why can't they borrow from their own people (government bonds) and work to build their own industry? That's what I don't get. But I believe in families running their finances the same. We financed a house but paid it off and didn't finance a bigger one. Can anyone explain it in a few words? I just don't get it.