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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: LindyBill who wrote (521525)	11/9/2012 11:57:50 PM
From: prometheus1976	Respond to of 793881

After the crash in Argentina in 2001, a lot of americans and foreigners bot property there as it was so cheap.( the Argentina currency went from 1 to 1 vs the U S dollar to 4 to 1 vs the U S dollar...a 75% drop in their currency and prices.. It is a disaster there ever since ...it's heartbreaking the level of hunger and poverty in a land of former abundance...and we are on the same path .. " budget deficits, inflation, the flight of smart foreign and domestic capital. To stop the bleeding, leaders try ever cruder and crazier methods: confiscating assets, nationalizing companies, repudiating debts, implementing wage and price controls, and so forth. "