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Neolib Policies and Argentina’s Economic Collapse
- Text size
James Petras and Henry Veltmeyer
April 9, 2009
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%.
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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. If you want to stop the same thing from happening here, and it is happening here, right now, please join the revolution at the Kick Them All Out Projet http://www.KickThemAllOut.com and the Fire Congress Campaign.
Argentina: Between disintegration and revolution
James Petras Henry Veltmeyer
CovertAction Quarterly magazine, Fall 2002
Throughout the early and mid-nineties, the International Monetary Fund (IMF), World Bank, the Inter-American Development Bank, and the G-7 countries, all praised Argentina’s liberalization program as an economic model for the Third World. Then President Carlos Menem and Economic Minister Domingo Cavallo promised the Argentine people that they would soon become part of the “First World.”
- A d v e r t i s e m e n t
No country in contemporary Latin American history has fallen swifter and further into mass poverty and experienced as prolonged an economic collapse as Argentina. Though most Latin American countries have applied neoliberal policies, none has been as thorough and rapid as Argentina. Moreover, no Latin American country was as industrially advanced or had as diversified an economy. Finally, Argentina had the highest standard of living in the region, the most qualified and skilled labor force, and the political leadership most determined to follow the precepts of the International Financial Institutions (IFls) and the G-7.
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April 9th, 2009 at 10:21 am
The Southern Americas are a good example of what’s coming for us in the West; unfettered corporatism at it’s best and most destructive. Countries held to ransom for the sake of a quick cash infusion from the IMF, World Bank (which we just had) and Multinationals who made a bad situation worse by setting up the framework to exploit the situation for corporate profits at the expense of the population at large.
April 9th, 2009 at 11:05 am
WHO IS IN CONTROL OF THE ECONOMY? who controls the money flow? who has politations in there back pocket? its the answer to these questions thats in control and responsible for the koas all over the globe where central fait banking is employed!
the old slogon says only you can pervent forrest fires is true, your government is the true enemie of the state and constitution they will provide you with a slow and painful end! its your job to be smart see whats out in front of you? this government’s days are numbered , we the people will act and i mean the cops and army people will all joine in a pulse that will repell this satanic obama puppett illuminati controled corperate and government state?
we need only look back at history to see the future we will have if we do not stop satan and his army demons infecting the system with there nwo virus engineered to kill most of us.
pagon heathen christian its your back door there comming for! do not open that door keep it locked! have yahshua guard it for you. ask yahshua to prove me a lier?> i challange anyone to prove god a lier?
and i can prove beyound any dought that obama is an evil foundation stooge of satan’s nwo agenda being sold by gordon brown under the orders of the house of windsor!
only one thing left to say, get ye behind satan!
April 9th, 2009 at 11:13 am
Better than seeing what a mess Argentina is, I suggest those who travel much go and see what it is like. The smells alone are enough to make you hurl. The Argentine government is also corrupt, so where are these poor people going to find leadership to give them a future? They drink in the IMF and World Bank funds and the people are left to fend for themselves. There will always be poverty, however, it certainly does not have to be this bad.
April 9th, 2009 at 11:26 am
57% of the people are below the poverty line, and theres been no revolt??? That is a sad state right there, is that whats going happen in this county? What is america’s poverty line number going to get to before (we the people) wake up.
April 9th, 2009 at 11:28 am
There is a very good documentary on google video about argentina’s crash in early 00’s. This world is dying and new one is being reborn. Now what happens when there is birth? There is a lot of pain blood is everywhere its a dramatic experience but that how we humans do it. We should not be afraid of it. After all we are on the side of good and they are on the side of evil. They are trying to divide us into fighting among ourselfs. Black against white jews against christians against muslims. Country against country idiology against idiology. They dont want us to unite and find out what the biggest secret is how powerfull a human being is, when we realize this thats when the real revolution will begin.
April 9th, 2009 at 11:29 am
Jesus was telling us, “Make no mistake. The act of self-surrender is totally within my power to do. I’m choosing to lay down my life. And I’m not doing it because some man told me to. Nobody’s taking my life from me. My Father gave me the right and the privilege to lay down my life. He also gave me the choice to pass up this cup and avoid the cross. But I choose to do it, out of love and full surrender to him.” Our heavenly Father has given all of us this same right: the privilege to choose a surrendered life. No one is forced to yield his life to God. Our Lord doesn’t make us sacrifice our will and give back our lives to him. He freely offers us a Promised Land, full of milk, honey and fruit. But we may choose not to enter that place of fullness. The truth is, we can have as much of Christ as we want. We can go as deep in him as we choose, living fully by his word and direction.
this is the first day of the rest of yours! ask yahshua to save you? he will and you will eat before the nwo people. do it of your own free will.
April 9th, 2009 at 11:31 am
Saw the videos Unite. I pray more wake up and get ready to survive. I’ve been giving this site info to others.
April 9th, 2009 at 11:36 am
The google video is link is incomplete. All 12 parts are available at you tube.
April 9th, 2009 at 11:54 am
This is what happens when you let the MAFIA of NWO elite’s come in and take control of a country. They enslave everyone into poverty! I wish some government officials had enough backbone to round this crooks up and put them into prison, instead of being threatened by them. TOO many cowards! This is planned out for the United States in the future. You people need to wake-up!
April 9th, 2009 at 12:06 pm
Wow, this entire article is quite a read, and do try to find the time to do that! – it talks about “disintegration and destitution”… well, there you have it, the blue-print has been all set out, so for all the “quack” about how the US economy is ready to “turn a corner”, beware of exactly which corner they mean (or, if that “Stop” sign should have said Dead End) and when you hear that we’ve “reached bottom”, oops, better check and see if you still have yours. We remember just a few years ago, in all of the glowing promotional literature we received from various mutual fund companies, that (let’s see, how did the phrase go?) that “the biggest generational transfer of wealth was about to occur”, regarding some monumental “transfer of wealth’ from the “baby boomers” to their heirs…! Oops, the mutual funds kinda missed that one…unless the “transfer of wealth” they were really talking about was from the folks at the bottom to the folks at the top. We sincerely wish we could observe that anything the government is doing is honestly “helping” the working class people, but so far, all we’ve observed is just more PROBLEMS TO THE SOLUTION.
April 9th, 2009 at 12:11 pm
What happened in Argentina (and other nations) is certainly planned for America.
Not only planned, but in the process of becoming a reality. Those that understand what’s going on should withdraw as much support (of this hijacked system) as possible.
- Stop watching establishment controlled television.
- Withdraw all support from the fake two-party system.
- Get out of debt as quickly as you can. Stop using credit cards.
- Find an alternative to the “government brain laundry” *educating* your children.
- Turn part of that useless lawn into a garden and grow more of the food you need yourself.
- Support local farmers (their markets) and health food stores. You can learn to barter, trading
vegetables or fruit that you have an extra supply of for something a local farmer has.
- Encourage those who are telling the American people the truth and, if you are able,
help them financially.
- Beware of the false religious unity movement. The religion of the NWO is poison,
and even deadlier than water fluoridation, aspartame, mercury amalgam fillings, and MSG.
“He that dwelleth in the secret place of the Most High, shall abide under the shadow of the
Almighty. And I will say of the Lord: he is my Refuge, and my Fortress, my God in Him
will I trust.”
April 9th, 2009 at 1:32 pm
The globalists did the same to Jamaica.
http://video.google.com/videop.....&hl=en
April 9th, 2009 at 1:39 pm
pray-get gold and silver and stock up on food…………………
http://www.thegrandawakening.com
April 9th, 2009 at 1:56 pm
As long as it is easier to steal money, like all bankers, politicians, and non-producing, speculator , middlemen do, the world will invariably head in the direction of argentina.
in 1950, when Peron came, argentina died. (and Peron when ousted the first time around, stole 600 billion in gold which is now sitting in the central bank of spain !!)
and this was the plan from day one, by the IMF and the world bank. to kill a fantastically working country, which obviously wasn’t towing the party line !
qi woo Reply:
April 9th, 2009 at 2:07 pm
You are right on the mark-
Coming to the United States ya thats right its here already!
April 9th, 2009 at 2:01 pm
Neoliberal policies like Ron Paul supports? Wasn’t it the Chicago Boys who helped structure Argentina’s economy — who were libertarian?
April 9th, 2009 at 3:55 pm
john you puke are you dissing ron paul. THE GOV SOLD OFF ALL ARGENTINA’S GOLD THEN GAVE THEM PHONEY LOANS(CREDIT) LOW INFLATION RATES AND THEN INCREASING THE CREDIT TO THEIR HIGHEST LEVELS THEY HAD EVER SEEN. THEN THEY LOOTED THEIR PENSION MONEY TRIED TO REFINANCE WITH HUGE LEVELS OF MONEY PRINTING(QUANTITIVE EASING) THEY IMPLODED THE ECONOMY AND THE PEOPLE WERE LEFT WITH A WORTH-LESS CURRECY PESO WAS CRISPY CRITERED(THEY QUEUED TO BUY AMERICAN DOLLARS FOR YEARS NOW THEY DON’T WANT THEM). THEY HAVE SEEN THIS MOVIE BEFORE. OH YES ANYONE WHO THEN BEFORE HAND HAD BOUGHT FOREIGN CURRENCY SILVER OR GOLD RETAINED THEIR WEALTH. NOW THE WHOLE WORLD IS A HUGE ARGENTINA THERE IS ONLY ONE SAFE CURRENCY LEFT. GOLD AND SILVER.
April 9th, 2009 at 3:57 pm
THIS WHOLE SCENARIO HAS BEEN COPIED TO THE LETTER BY GORDON BROWN MR NEW WORLD ORDER. BRITAIN IS DOOMED
April 9th, 2009 at 3:59 pm
FORGOT TO MENTION THEY CLOSED THE BANKS THE PEOPLE THOUGHT THEY STOLE THEIR MONEY BUT DIDNT KNOW THE BANKS HAVE NO MONEY ITS ALL CREDIT SOUND FAMILIAR
April 9th, 2009 at 4:26 pm
Clinton associate James Carville has advised Argentina’s Peronist party (named after an anti-American fascist dictator).
April 9th, 2009 at 5:10 pm
For The Joker. Actually there were huge revolts in Argentina during the collapse of their economy. They were burning tires, and the banging of the pots. All this was being posted at indymedia.org. Meanwhile their news channels there and here pretty much showed none of the violence. Especially in Argentina where the soap operas and TV shows went on as usual as if NOTHING was going on outside it was really incredible to watch go check it out.
April 9th, 2009 at 6:41 pm
i think the word neo-lib has many different meanings. it is really the republicon mantra but the term makes it seem that it is liberal which is not true, reagan started this globalism full force by attacking unions and giving the rich huge tax breaks. this globalism has bankrupted our country where now 2% own 98% of the wealth. this is the main problem this country has, too much power in too few hands .i have not heard dr. paul mention anything about this, all i hear is stop social security and medicare. and he became a congressman on the heels of the reagan revolution and the republicons are the ones who have buried us in debt, but all you hear is how obama is spending money. i do agree with dr. paul on the trade agreements and the federal reserve but you can’t throw the baby out with the bath water.
April 9th, 2009 at 7:50 pm
In regard to the statement “Today, Argentina is in total disintegration. Not only is the economy in its fifth year of recession/depression”. This is totally inaccurate. Since the collapse in 2001/2002, Argentina has experienced average GDP growth that is triple the rate of the US, ranging from 7.03 to 9.15%, hardly “total disentegration”. Furthermore, foreign investment in real estate and agricultural endeavors has flourished in the last six years. But don’t take my word for it, see for yourself:
http://www.tradingeconomics.co.....Symbol=ARS
April 9th, 2009 at 8:19 pm
I live in Argentina.
Theywontchipme Reply:
April 14th, 2009 at 7:08 am
tHANK you for enlightening us! ; P