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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: bart13 who wrote (109853)	1/18/2015 9:45:35 PM
From: Elroy Jetson	Read Replies (1) \| Respond to of 217567

If you borrow money in foreign currencies, like Argentina did, you are definitely on the path to quick ruin. If Argentina had only borrowed money denominated in Argentine Pesos, everything would have been fine, as they could print as many Argentine Pesos as they needed. But they wanted to borrow so much they had to start borrowing in foreign currencies. During the 1920s and 1930s Argentina was the wealthiest country in the world on a per capita basis, but they elected a clown like Ronald Reagan, called Juan Peron, who though prosperity could be gained by reducing taxes subsidized with debt denominated in Dollars and British Pounds. He created economic collapse. None of this is at all difficult to understand.