Where will the government get the money to pay $30,000 a month to each citizen? With the economy paralyzed - no production, no sales, no taxes generated - it will come from the printing presses.
Inflation will shoot up, and soon a loaf of bread will cost 15,000. Back to square one....
On The Brink >>> You happen to be completely correct.
(I am sorry you are, but you definitely are.)
People within the country (INSIDE Argentina) have no idea of the massive train wreck that is coming their way. They think this will be another 2001 event that they will eventually bounce back from. COMPLETELY WRONG!
The modern world has NEVER seen anything like we are living at this moment in time.
Think about this: THE WHOLE WORLD IS ESSENTIALLY SHUT DOWN ... Nothing is happening except for the most needed goods and services.
How the heck do you bounce back from this inside of 6 months? You simply don't.
Argentines are going back to the stone age on this event.
There is going to be massive poverty, massive inflation, rampant criminal acts of theft and robbery, followed by flight out of the country by those who are able. Foreign investment ... forget about it. Large global companies will avoid Argentina because there are much more business friendly countries with respect to obligations to employees for example that large multi nationals can set up it. The multi nationals will be able to pick and choose from where they want to move into. (Or should I say EXPLOIT, because that is what they will be doing.) These kinds of companies have just learned their lesson of CHINA / SUPPLY CHAIN exclusivity.
This is one for the generations, only to be exceeded by a similar, future event that is even more deadly / disruptive.
Even the biggest economies are going to struggle with this one.
Argentina DOESN'T HAVE A CHANCE - They are a failure before the recovery even get's underway.
Such a shame because the country and culture is quite beautiful.