Must see video [59 mins] on the economic collapse in Argentina in 2001. It all started with a loan from the British Barings Bank in 1824.
And ended with the collapse of the Argentina economy in 2001. Watching this video I had a feeling of reverse deja vu. What happened in Argentina is what I believe is coming to the United States soon after the derivatives time bomb goes off.
Documentary on the events that led to the economic collapse of Argentina in 2001 which wiped out the middle class and raised the level of poverty to 57.5%. Central to the collapse was the implementation of neo-liberal policies which enabled the swindle of billions of dollars by foreign banks and corporations. Many of Argentina’s assets and resources were shamefully plundered. Its financial system was even used for money laundering by Citibank, Credit Suisse, and JP Morgan. The net result was massive wealth transfers and the impoverishment of society which culminated in many deaths due to oppression and malnutrition.
The same thing is happening in the United States right now.