Wednesday, October 15, 2008

Argentina's Economic Collapse

The parallels between what has happened in Argentina and what is going on in the US are striking. The first and most important point in my view is the direct flow of capital from the taxpayer, straight into the banks.

In Argentina, the IMF Austerity program required that a full 33% of the government revenue be diverted to IMF banks. This contributed immensely to the destruction of their currency and crippled the nation's economy. The USA is doing the same thing now. Diverting massive funding, directly into major international banks. The $trillion+ in funds, including the Federal Reserves bailout, exceeds the $600 billion we are already going deeper in debt for. This dramatic accelerates our debt, our minimum interest payments and is putting the USA onto the fast track to complete collapse.

These payments are only the beginning. We'll have to pay more each quarter. From the what some economists are describing, the bailout can easily grow to be 150% of the Us Government's revenue. In fact the final tally could be hundreds of times our government's revenue, before this is over. Argentina collapsed when it only had to pay 33%. It is inconceivable that the USA can turn into a giant pipeline to funnel trillions of dollars a quarter into foreign banks and survive as a free and prosperous nation.

I've written in the past on various forums that the IMF has a history of economic rape and pillage across the world. In the 1970s, the decimated Africa. At the start of the 1970s, much Africa was lit at night with bustling cities everywhere but in the Congo. Now, only the coasts are lit. The IMF Austerity programs raped and pillage nation after nation, stripping them of wealth and resources.

Then they ran out of African nations and moved to South America. As Argentina and Venezuela saw there oil production peak and fall, they swooped in for the kill.

Now they are done with South America. There's not much left economically they can carry away now. So they need other countries. It's our turn here in the USA.

Now, I'm a tin foil hat conspiratist. I know it. I did one of those silly conspiracy things about ten years ago. I went to the IMF web site and read their charter, and just about everything else. Their contracts basically say that once you borrow from them, they become owners of your country.

The USA has borrowed from the IMF. Our leaders signed contracts with them that turns over the title and deed to the United States of America to the IMF. The IMF has the right to decide our economic policies and to change our laws. That's the deal they made. The American people have been sold as slaves to the International Monetary Fund.

We live in their country now. We owe them our souls. They are collecting on our debt.

Below is a full length movie that chronicles Argentina's collapse.
h/t Surviving in Argentina


At 12:42 PM, Blogger an average patriot said...

It is sick but it isn't just in the US this is going on around the world. This is not a good future the powers to be have set in motion for us.
Taking a break from packing up so I thought I would see what's new and say hi hope all is well!

At 3:59 PM, Blogger an average patriot said...

I hear Pakistan is looking at the IMF to say them too! Hope all is well with you guys!

At 5:03 PM, Anonymous Anonymous said...

Got popcorn?

At 8:34 PM, Anonymous Anonymous said...

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