It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
By Daisy Luther
The economic collapse of Argentina in 2001 is the stuff of prepper legends. For years, it was the example that we pointed to when trying to convince others that, yes, it really can happen. (Now, of course, that example has been replaced by the dramatic fall of Venezuela.) There’s even a fantastic book about the Argentinian collapse with survival lessons that has fueled many a prepper to get stocked up, in which Fernando Aguirre, also known as FerFal, shared the inside story.
And now, sadly, it looks like just as hopeful Argentinians believed the country was getting back on its feet, another collapse could be imminent.
President Mauricio Macri, a business tycoon who vowed to reincorporate Argentina into the global economy, has asked the International Monetary Fund (IMF) for a hefty credit line of at least $19.7 billion to see the country through the rest of his term, which ends in 2019.
When the IMF gets involved, it tends to be the beginning of the end, as we saw in Greece, whose crisis was at its peak between 2009 and 2016.
originally posted by: CaptainBeno
a reply to: 727Sky
I wonder if they'll attempt another oil rich island grab?......
originally posted by: CaptainBeno
a reply to: 727Sky
I wonder if they'll attempt another oil rich island grab?......
originally posted by: TheMasterOne
It's time for the argentinian government to take back the OIL RICH Falklands island from the British empire and i'm not joking here, it's a matter of survival
It's time for the argentinian government to take back the OIL RICH Falklands island from the British empire and i'm not joking here, it's a matter of survival
originally posted by: PageLC14
What are the odds that this will happen to America?
I've never even heard of the first collapse but that's because I was young when it happened.
I've heard so many different "dooms day" stories. But this one never really seemed likely to me. I don't know why.
originally posted by: CaptainBeno
a reply to: 727Sky
I wonder if they'll attempt another oil rich island grab?......
originally posted by: Plotus
President Mauricio Macri, a business tycoon who vowed to reincorporate Argentina into the global economy, has asked the International Monetary Fund (IMF) for a hefty credit line of at least $19.7 billion to see the country through the rest of his term, which ends in 2019.
What then ? ....That's about 3 billion a month. Then in 6 months what ? Starvation acres again.
originally posted by: Arnie123
Man, the latin powers need to get their issues straigtened out.
They actually have the tools and resources to become major players in the global economy, like some united latin power.
Problem is, corruption. Its rampant, EVERWHERE. While that exist in almost every capacity in every nation, its particularly troublesome for developing powers, at this stage.
originally posted by: TheMasterOne
It's time for the argentinian government to take back the OIL RICH Falklands island from the British empire and i'm not joking here, it's a matter of survival