VIVA Agentina LIBRE!
BUENOS AIRES, Argentina Rioters ransacked banks, destroyed ATM machines and set fires across downtown Buenos Aires early Friday after a night of street protests against a government freeze on bank deposits turned violent. MORE http://www.infoshop.org/inews/stories.php?story=02/01/11/1107123 We are all Argentineans. The IMF-backed policies in Argentina closely resemble the notorious Rogernomics policies inflicted on Aotearoa by the Lange Labour government and the succeeding Bolger regime and consolidated by todays fake left Clark-Anderton government. In both Argentina and Aotearoa, these free business-knows-best policies caused mass redundancies, greatly impaired social services with spending cuts, and drove down the average wage. In both Argentina and Aotearoa, a small minority of the population benefited massively from the impoverishment of the rest. The struggle in Argentina is our struggle.Listening Mr Mc Catohead?
-- On 13 Jan 2002, at 8:44, mattd wrote:
BUENOS AIRES, Argentina Rioters ransacked banks, destroyed ATM machines and set fires across downtown Buenos Aires early Friday after a night of street protests against a government freeze on bank deposits turned violent. MORE http://www.infoshop.org/inews/stories.php?story=02/01/11/11 07123
mattd and all the other pinkos and commies think this is the second coming of the communist revolution. In actual fact what happened is the umpteenth Argentinian president in the last couple of weeks issued a ringing denunciation of capitalism, and then told the Argentinians that in order to save them from capitalism, he was going to confiscate their dollars and replace them with nonconvertible pesos. When the Argentinians understood just how they were going to be protected from the evils of capitalism, their enthusiasm for these measures diminished considerably. As we speak, while the Argentinian government is implementing all sorts of half assed socialist measures, the Argentinian public, whatever their views on politics in theory, are as individuals implementing the most radical free market cure for their problems: Dollarization. The situation in Argentina is akin to the situation in the Soviet Union shortly before the fall, in that socialism is being dismantled in practice without regard to government policy. If, as seems likely, the Argentinian economy makes an unplanned and prohibited coversion from pesos to dollars, in defiance of government policy, the likely result is that the value of the peso will drop to zero. --digsig James A. Donald 6YeGpsZR+nOTh/cGwvITnSR3TdzclVpR0+pr3YYQdkG I7uV/JnkjCwZytnj7iHcGqMDwQeY7uHWfoDaFMnn 4fqVFnRWK2V+eqPMRf4duPT1Ywq7Jw4uesCJFkv7w
On Sat, 12 Jan 2002 jamesd@echeque.com wrote:
If, as seems likely, the Argentinian economy makes an unplanned and prohibited coversion from pesos to dollars, in defiance of government policy, the likely result is that the value of the peso will drop to zero.
Actually the value of the government in power will drop to zero. If they make the change then it simply means that the government will change once again (the peso and their value is a irrelevant side issue). There will be one of two results. The first, if the 'power' structure stays in place is even more draconian approaches to solving their problem. The other, if the 'power' structure fails to follow the status quo is a more free market result. The operable question: What will the Argentinian military and police do if this attempt fails? -- ____________________________________________________________________ Day by day the Penguins are making me lose my mind. Bumper Sticker The Armadillo Group ,::////;::-. James Choate Austin, Tx /:'///// ``::>/|/ ravage@ssz.com www.ssz.com .', |||| `/( e\ 512-451-7087 -====~~mm-'`-```-mm --'- --------------------------------------------------------------------
participants (3)
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jamesd＠echeque.com -
Jim Choate -
mattd