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Argentina credit card rates : 40-50%. Annual real inflation=20-25% . Cristina gave us false prosperity by public spending....

 
Anonymous Coward
User ID: 1552061
Argentina
01/13/2012 06:45 AM
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Argentina credit card rates : 40-50%. Annual real inflation=20-25% . Cristina gave us false prosperity by public spending....
For those who want to learn the lesson of economic history...don´t cry for me , Argentina...

After the massive collapse, bank runs , bank holiday in 2001 , confiscation of deposits... we have a period of boom and prosperity thanks to a massive devaluation.

7 years later, money was needed by the government. It was booming times. They went for confiscation of retirement funds in 2008

Now 3 years laters, they keep spending money and creating subsidies and social programmes that the argentinian government can´t afford. They are still spending money.

They established a stupid internet control by the local IRS ( AFIP) so they NOW SAY WHO CAN BUY FOREIGN CURRENCIES OR NOT and how much. This is the same model established in Venezuela years ago for currency control.

After a few months of this latest fascist attack, dollar nominated deposits dropped a 20% in less than 90 days.


So, socialism failed when you run out of other people's money.


The same fate is waiting for Europeans and the USA.

A global reset.

The sad thing is that we had a global reset several times, but the sheeple never learn the lessons.


I have already lived bank runs, bank holidays, hyperinflation , confiscation of retirement funds, confiscation of deposits. All this happened in my life and I am not an old man.
The economic history of Argentina is rich with frauds so "we have already seen all the tricks of the banksters".

If you like, ask me a question. the US is asking even for more money now ( 16 trillion new debt ceiling) and Europe is holding together thanks to the new ex goldman sachs Draghi who is printing euros like crazy to save the banksters.

The system wil fall. They may use war as a way to keep the sheeple under control in the total collapse


To understand how the banksters do their financial terrorism please watch the video:









They are doing the same and the same in thirld world countries.

Now is the turn of Europe and the USA



Strongman Shelford*
Veteran GLP Economy Columnist




*Strongman Shelford is an argentinian bank analyst. He has written several posts in GLP and more of a dozen got pinned. He warned of the incoming collapse of Greece 60 days before it happened in GLP based on exposing the same "visible patterns" as he calls them to the same political programmes doomed to fail.
He sees the similar "patterns" happening in Europe and the USA and connects these patterns with the rise and fall of Argentina.
He is expecting a total fall of the Western Economies in a deep crisis or a major global reset. But understands that it is happening slowly since the dollar is still the global reserve currency .
He has also recommended gold and silver in GLP since 2009 as a way to escape from this crisis.
Anonymous Coward
User ID: 1548221
Brazil
01/13/2012 06:54 AM
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Re: Argentina credit card rates : 40-50%. Annual real inflation=20-25% . Cristina gave us false prosperity by public spending....
putin
Anonymous Coward (OP)
User ID: 1552061
Argentina
01/13/2012 07:07 AM
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Re: Argentina credit card rates : 40-50%. Annual real inflation=20-25% . Cristina gave us false prosperity by public spending....
putin
 Quoting: Anonymous Coward 1548221


yes putin will have a major role soon i guess.

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