Thursday, May 24, 2012

 
 
 
 
 
What you can learn from Argentina's currency crisis
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Friday, March 11, 2011
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From Sovereign Man:

... Diego is quite adept at planting multiple flags. He was a police officer in Buenos Aires in the 1990s, a time in which the city was among the safest in the western hemisphere and being a cop was a decent profession.

Argentina's economy turned for the worst in 2000, completely collapsing later that year. Under tremendous pressure to maintain an unrealistic currency peg, fight recession, and pay its swelling debts, the government defaulted on its debt obligations, devalued the peso, closed banks, and confiscated every centavo of private funds they could find.

Blood ran in the streets...

Read full article...

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Topics: Argentina | Inflation | Saving_money
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