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An Argentina-like Economic Crisis
Posted By kurtnimmoadmin On August 13, 2010 @ 1:58 pm In Economic Crisis | Comments Disabled
August 13, 2010
The United States’ economic decline precariously resembles Argentina’s economic collapse, which started in 1998 and landed Argentina in a depression by the end of 2000. What began in Argentina as a recession mushroomed into a full-fledged depression due to bad economic and monetary policy. The Obama administration and its congressional Democrat lackeys are on the precipice of following Argentina’s disastrous economic and monetary policy decisions.
Arguably, the United States economy has been in a two-year-long recession, and while some may posit that the country has started an economic recovery, others suspect the country will plummet into a deeper recession, or perhaps a depression. In the past two years, the United States government instituted economic and/or monetary policies detrimental to American’s short- and long-term economic prosperity.
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