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.

 

Argentina Is Suddenly on the Verge of ANOTHER Economic Collapse

page: 1
6

log in

join
share:

posted on May, 27 2018 @ 01:46 AM
link   
I really do hope this will not happen again to Argentina or any other country for that matter... I actually read Fernando Aguirre's book several years ago and it really was quite the eye opener as far as survival in a city .. The article can be copied and reproduced so here it is in full length..


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 (Now, of course, that example has been replaced by the dramatic fall of Venezuela.)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.


www.activistpost.com...
edit on Sun May 27 2018 by DontTreadOnMe because: Quote was waaaaaaaaay too long!




posted on May, 27 2018 @ 03:33 AM
link   
a reply to: 727Sky

I wonder if they'll attempt another oil rich island grab?......



posted on May, 27 2018 @ 03:51 AM
link   

originally posted by: CaptainBeno
a reply to: 727Sky

I wonder if they'll attempt another oil rich island grab?......


The world corps have already planned that a few years back.



posted on May, 27 2018 @ 03:55 AM
link   

originally posted by: CaptainBeno
a reply to: 727Sky

I wonder if they'll attempt another oil rich island grab?......

Not after last time.



posted on May, 27 2018 @ 07:08 AM
link   
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



posted on May, 27 2018 @ 07:11 AM
link   

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






Good luck with that.



posted on May, 27 2018 @ 07:43 AM
link   
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.



posted on May, 27 2018 @ 07:50 AM
link   
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.



posted on May, 27 2018 @ 08:09 AM
link   
a reply to: 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


The British empire no longer exists and the people of the Falklands islands would strongly disagree with you.
The future of the Falklands islands was settled in the 80s.



posted on May, 27 2018 @ 08:38 AM
link   

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.


See, disaster "causes" come in many possible forms, but the "outcomes" are generally the same.... Famine, Disease, and Violence... Always.

The level of course can be mild to severe but mankind seems to forget that out of the last 6,000 years of recorded history, that only a small % of mankind has not had to worry about the "Big 3" every day of their lives.


To not have a few hundred pounds of food stored away is insane.



posted on May, 27 2018 @ 09:46 AM
link   

originally posted by: CaptainBeno
a reply to: 727Sky

I wonder if they'll attempt another oil rich island grab?......


They can't. They don't have enough left of their Navy. When your Navy is so crap that one of your ship sinks in port, there's something very badly wrong with it.



posted on May, 27 2018 @ 10:18 AM
link   
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.



posted on May, 27 2018 @ 12:04 PM
link   

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.

When his term is up, he'll probably retire to Chile and live in a villa with 24x7 security. I'm sure there's a budget item on the books for that. A portion of the 19 billion will go into that fund.



posted on May, 27 2018 @ 12:46 PM
link   
Sad thing to read about, it used to be a fairly successful country once upon a time.

now they are stuck in a never ending cycle of getting screwed by the IMF.



posted on May, 27 2018 @ 04:22 PM
link   
a reply to: PageLC14


It seems the soft targets are collapsing at the moment, is this Capitalisms end game? that eventual point where all credit lines are finished. Its a numbers game, when enough people have had enough they just change the system.



posted on May, 27 2018 @ 05:27 PM
link   

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.


The super-wealthy that do the corruption live in a completely different location to the poor huddled masses living across the country. They also have heavily armed security. So they can steal the wealth and get away with it because no-one is going to be able to touch them. And if things do go wrong financially, they whizz the money out of the country if they haven't already done so. Some of those country are over 1000 miles long in latitude.



posted on May, 27 2018 @ 05:48 PM
link   

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


Hhahahhahahahaa I don't think so. The Argies tried invading our territory a few decades ago and got properly taught what chips and gravy means. Let them try again........................



posted on May, 27 2018 @ 06:26 PM
link   
I wouldn't put it passed them if desperate. After all, they just waltzed right in last time and were rudely marched out. However, desperation breeds contempt. It would be a silly move considering the Brits don't have much on the planner right now and are itching for a fight with someone it seems (Recent blame games in the media etc).

I feel sorry for the people of Argentina and more so for the troops. Both it seems are ill equipped for life let alone a fight.

But it didn't stop them last time did it?

Anyway, I highly doubt it would ever happen again, although they have always claimed it's theirs! I was merely having a jest.

But I wouldn't put it past them to do something desperate and stupid like this to claw back at least something for the country's coffers.
edit on 27-5-2018 by CaptainBeno because: Grammar



posted on May, 27 2018 @ 08:16 PM
link   
a reply to: stormcell


South America has been flirting with socialist revolutions, but the USA has been propping up the right wing regimes , to keep the Commies at bay. Then they whine that Russia has been interfering in their elections . Strange world.
Argentina is a great country , great place to be off grid.



posted on May, 28 2018 @ 04:06 AM
link   
a reply to: CaptainBeno

Once again - they don't have enough of a navy to even try to move on the Falklands. When you have ships that sink in port and others that take ten years to be repaired... Navy? What navy?







 
6

log in

join