Argentina's Economic Collapse - Part 8 of 12

Part 9: http://au.youtube.com/watch?v=nnig3LwEs3Y

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. Official name: Memoria del Saqueo by Fernando Solanas 2003.

Category:

News & Politics

Tags:

• argentina
• economic
• collapse
• banks
• corporations
• theft
• swindle
• government
• corruption
• IMF
• World
• Bank
• neo-liberal
• policies

[astrosebas77]

@sanmarinocnn we are not poor. Argentina is a very rich country. We are strugling with lots of problems now. And now we have to fix what US (with the help of lots of traitors) did to us. I invite you to visit Buenos Aires and the rest of Argentina.

[fistofthenorthstar89]

Technically speaking, this was a semi-Fascist regime. Corporatism, company unions, + a demagogue (Menem) = Fascism

[tommy35ss]

@jmitterii2 buy gold and silver because it is unfolding before us and we need to protect ourselves from currency devaluation and hyperinflation

[Jaruco03]

@ferni1glass Por esto es que la constitucion de Estados Unidos hace que cada ciudadano pueda tener armas para defenderce de tal situacion. El dia que el govierno se pase de rosca en ves de piedras y llantas quemadas como en argentina aqui se van a oir rafagas de m 16 y ak 47.

[XxNyuLucyxX]

@ferni1glass No creo que la sufriera, puesto que generalmente es uno de los principales culpables de la gran mayoría de las dictaduras ultra derechistas del mundo, especialmente de América Latina (y particularmente la Argentina)

[kevreilly7]

heck forget water,,he should have pumped out and sold the Gasolina

[kevreilly7]

heck forget water,,he should have pumped out and sold the Gasolina

[kevreilly7]

another example of ...when they are hungry, they will revolt

[xptos1]

at least there will be rainbows 0:52

[detergenteala]

@ferni1glass exactamente lo mismo que paso, solo que en ves de un presidente habria un general. Todos los anteriores presidentes, bush padre e hijo, kennedy, etc. Fueron y son ultraderechistas, ahi nada es del estado