Current state of Argentina and the economic collapse coming to the USA. 1 of 2

The Argentine Peso used to be 1:1 with the USD. Now it takes about 4 of them. Anyone making $36,000 pesos per year has to pay what turns out to be 65% taxes. Only 20% of the people actually make that much money or more or have decided to report it. the rest of the people use the underground economy. This could absolutely be what we will be facing. Argentina was a very prosperous country up until 2002. The IMF did what the IMF does to countries and overnight their dollar got devalued 66% or 2/3rds. Lindsey Williams has been saying this year that the USD will devalue somewhere between 30-50% and you had better get into gold or silver before 2011.

Part 2 of 2 http://www.youtube.com/watch?v=Ad1t7uyPlR4

Category:

Education

Tags:

• argentina
• collapse
• usa
• economy

[lmchucho]

totally incorrect info about Argentina. IMF started their game in the 50s in Argentina, the economy was so strong that took until 2001 to explode. Then the peso got devaluated and since then we are growing 10% per year. The minumun wage is USD$500 per month when in 2001 it was USD$150.

[jsnip4]

@lmchucho No, As of right now it takes 4 Argentine pesos to equal 1 USD. Like you said, it used to be 1:1. Now it takes 4 of your dollars. Even today, right now, which means almost everything costs Argentina 4 times more than it did in 2001. Understand?

[lmchucho]

@jsnip4 Imported things costs 4 times what they used to, but not the rest. The minimun wage used to be 200 pesos (800 now a day pesos) and now is 2000 pesos. The peso got devaluated so national industry could compete with international industry. Since then, industry began to grow and more jobs were created, less people unemployed made wages to go up. The same problem are having the weaker countries in EU, they cant compete with Germany having the same currency. I AM FROM ARGENTINA.

[jsnip4]

@lmchucho I think I understand what you mean now. Thanks for clearing that up. I used to read a blog of someone from Argentina who guys by the name "Fer Fal".

[joecarter2727]

was the bank by any chance washington mutual? i had a friend whose wealthy relatives had that same problem

[jsnip4]

@joecarter2727 I'm not sure.

[Zerc92]

@PERICOCAPO1978 "we are heading to a new crysis? you are an ignorant that reads a lot of "clarin" newspaper...argentina is one of the fews countries in the world that still have twins superavits after the 2008 crysis...you know a sh...about argentina man...

[BsAs8Ros8Coa]

@PERICOCAPO1978 we are not in crisis... we have problems now but crisis ????? do you think..im not "K" and i hate she and peronistas but the economy of argentina is growing..but we have others problems .LIKE SOCIALS FOR EXAMPLE.

[holajim]

Buy food. Buy guns. Buy Ammo. Network with self-sufficient types. Learn a socially useful skill. Financial work is history. Try for a year worth of food for each family member. Same for medicines, etc...

Buy gold or silver AFTER you cover the immediate threats to your life. Starvation, exposure, hydration, home invasion, murder, robbery, medical accidents, thieving police officers like in New Orleans--same for their illegal weapon seizure. You are going to need your stuff. Click my icon.

[holajim]

@PERICOCAPO1978 Hola Amigo. I have a friend who rents an apartment from me, he lived the crisis in Argentina. He is originally from Venezuela but was in Argentina. He told me there was terrible HUNGER everywhere. We have 48 million on food stamps and an enemy infiltrator in charge. Those are East Coast people. They can cover a lot of distance when they get desperate.

[bboucharde]

Good posting; thank you.

BB



[jamalski70]

Dude I love your vids but man what is with the wobbly camera?