How Argentina’s economy bounced back
Greece is looking for a financial way forward as it's PM visits Germany. One country that has been through it all before is Argentina. The South American country became the biggest economy ever to go bust 9 years ago. Argentines are keenly aware of the similarities between the events taking place in their country and what is now happening in Greece: both countries deeply in debt, both with an uncompetitive economy. But Argentina managed to bounce back, with exports sky rocketing, a booming tourism industry based on a devalued currency. Al Jazeera's Lucia Newman reports from the capital Buenos Aires.
Tags: greece, argentinas economy, argentia, financial, jazeera, argentina economic solution, crisis, al, argentinian solution economy, americasnews
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@VictimOfBoredom haha have you looked at a gold chart in the last 12 years?
90% of that ppl in those slums are inmigrants from Paraguay and Bolivia. The Argentines have government subsidies; homes, education and free health
@Svenmist Well my original point was that America isn't experiencing inflation comparable to what Argentina experienced. I didn't mention Argentina, because it was already in the post I was responding to. I suppose this was a misunderstanding, then.
@VictimOfBoredom
Never said it was, I was correcting your inflation statement, which you've acknowledged. Are you done here?
@Svenmist USA isn't the new Argentina.
@VictimOfBoredom
Your statement stands corrected, GG.
@Svenmist It wasn't a "course". It was a full undergraduate program from one of the more reputable universities in the nation. Needless to say, I don't have "future classes" to pay attention to because I graduated and have a B.A. in economics (and accounting).
Yes, the US dollar has consistently experienced gradually reduced purchasing power over the past century, but that is NOT the same phenomenon that made Argentina's economy so notorious.
@VictimOfBoredom
You need to go back to college and retake the course. Inflation in the past 2 years was about 6 percent, and it has been growing since 1913, I'm sure someone who has taken economics's would know this, I suggest you pay more attention to your future classes so you can be aware of what you're talking about.
@Svenmist
If the US dollar is experiencing inflation, then clearly the euro is experiencing even more inflation, considering the US dollar has been appreciating against it for the past month, after a 2-month static period:
indexmundi (DOT) com/xrates/graph (DOT) aspx
Not to mention the Brazilian real, which lost as much as a quarter of its value against the US dollar over the past month.
Don't bother trying to feed BS to an economics graduate.
@VictimOfBoredom
Yes it is experiencing inflation, do you live inside a closed box?
@delatroy The US isn't experiencing inflation...
@jamil316 Sorry, but no one takes illiterates seriously.
@VictimOfBoredom Thats how i Spell it . i dont care how your white people spell it .
@VictimOfBoredom no its ok. we will give them lots of love and attention
Greece's 45% of all working age population had single employer... Government... so many public servants that there wasn't even enough work for them to do during their normal workday...
Argentina's Economic Collapse - Part 1 of 12
watch?v=rH6_i8zuffs
the collapse of argentina is a lesson in NWO machinations
@VictimOfBoredom kill the males, keep the females
What we must remember, Argentina's recovery was largely aided by increased commodity exports, and increased value of commodities. Greece does not have the same good to export.
USA is the new Argentina
@jamil316 First learn how to spell "boycott". Then, maybe someone will take you seriously.
@rickbar123 Should they kill the neocons' children too, lest they grow up and follow in their ideological footsteps?
LOL at the kid at 00:51 in the background
@jamil316 Your opinion isn't truth.
Is their soy Genetically modified?