Argentina's Economic Collapse - Part 6 of 12

Part 7: http://au.youtube.com/watch?v=gPST2cqgVQs

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

[tommy35ss]

@Metallabie The youth is trying to elect Ron Paul but we'll see. It's looking close right now. He's the only one who end the central bank, the Federal Reserve, and bring back sound money, gold and silver

[Bravesfan4500]

@joebarcelona not L.A. I can tell you that

[Metallabie]

U.S. is vary bad right now, but the people are on the right path. A President of Argentina says "when the youth organize, change is inevitable"... And you, Americans, have organized youth and people is being decided. You just have to stop believing the Fox. Best wishes, from Argentina!!.

[tommy35ss]

@doogleandalix I hope your not talking about those state required unions. Anyways yeah it is happening here, a socialist banking system that reaches for the printing press whenever it needs it. We need to end the federal reserve and Ron Paul for 2012 is our only chance to keep them from reaching for the printing press

[justascarletwoman]

@TheRewster1 Look in the mirror? Are you retarded or something? The whole documentary is about the government being a corrupt piece of shit dealing with corporate interests, both national and international. If you think you can blame the people for that, then good luck, I hope you can say the same when your kids are starving because the government has used your money to pay an imaginary debt created by corporativism.

[joebarcelona]

If only being wealthy meant you were intelligent and decent.

[joebarcelona]

I prefer not to live in a flood zone, or tornado alley, or...

[joebarcelona]

So where is the "best places" to live in poverty in the USA?

[pablo88bsas]

Do it! carefully follow the instructions of the IMF and the orders from Washington, and if they have the necessary level of corruption will see the same thing happened in Argentina in anywhere in the world

[doogleandalix]

This is so frightening - it mirrors a lot of what is happening in the US right now - EB5 visas - selling our country to the highest bidder . Koch brothers , union busting , so muchc corruption in politics and the media . I give the people credit for at least trying to revolt - here people are oblivious , but FINALLY getting ready to revolt , I hope. How much corruption will people put up with ?