Argentina 2001... USA sometime in the next 20-30 years?

[The Freethinker]

Could the implosion of the Argentine economy, coupled with violent riots, bank seizure of citizens' bank accounts, and the devolution of bank balances at pesos worth less than half their previously USD-pegged value... could all this one day happen in America?

Discuss.

[tmosley]

If one thing is universally true, it CAN happen here. All that is needed is for the circumstances to line up.

Like Argentina, we are a once rich nation pretending at continuing greatness, and destined to fall, and that fall will be all the harder since we are so much higher up.

[SevenEyedJeff]

I have a feeling it's going to happen sooner than 20-30 years, a lot sooner.

[rancher89]

Sputter....I thought it would happen last November.....

[fj45lvr]

when it happens it will happen over a weekend. That fast.

[crushingstep7]

I think much sooner, also... give it 5 tops?
Get your shit together, people...

[Anti Federalist]

I have a feeling it's going to happen sooner than 20-30 years, a lot sooner.

That^^

A whole lot sooner than 20 years

[Uriel999]

5-10 max.

[Revolution0918]

were sitting at about 2005 right now. As soon as Greece fails, and it will, everyone will rush to the dollar. Its like musical chairs, just like the the housing derivatives. Whoever is left without the chair when the thing collapses goes under, they cant keep bailing people out, and thats going to be US. Its happening, whether its 2 years, 5 years, or 10 years, its happening. Trillion dollar budgets every year for the next ten years, as our tax reciepts are going down and people are running from america to save there money. theres no way to pay any of this back, and america is going to be left holding the bill. GAME SET MATCH

[muh_roads]

5-10 max.

Agreed. 5-10 sounds about right. It'll begin when the majority of baby boomers are sucking the entitlement teet and our unemployment issues are still dragging on. What is going on now with the current economy isn't even the beginning. :(

[AuH20]

Agreed. 5-10 sounds about right. It'll begin when the majority of baby boomers are sucking the entitlement teet and our unemployment issues are still dragging on. What is going on now with the current economy isn't even the beginning. :(

My pops works at JP Morgan Chase (non-financial division - he just works there so don't get on my case :D). He said in 5 years or so, the whole house of cards will fall. The model is unsustainable.

[TheBlackPeterSchiff]

Does anybody have some good articles on the Argentina Economic crisis? I see most "economist" blame "laissez faire capitalism" which I refuse to believe with the inflation they had.

[yatez112]

Does anybody have some good articles on the Argentina Economic crisis? I see most "economist" blame "laissez faire capitalism" which I refuse to believe with the inflation they had.

I could recommend a good book on the subject....

http://www.amazon.com/Money-Kept-Rolling-Out-Bankrupting/dp/1586482459

Talks about the IMF and the storyline of what was going on. Similar read to "When Genius Failed", IMO.

Cliffs: convertibility + out of control spending = fail

[The Freethinker]

Does anybody have some good articles on the Argentina Economic crisis? I see most "economist" blame "laissez faire capitalism" which I refuse to believe with the inflation they had.

United States of Argentina (http://www.amconmag.com/article/2009/feb/09/00006/)

Into the economic abyss: Forget Japan, the US is the next Argentina (http://www.dailymarkets.com/economy/2008/12/17/into-the-economic-abyss-forget-japan-is-the-us-the-next-argentina/)

No tears for Argentina (http://mises.org/daily/868)

How Argentina got into this mess (http://www.cato.org/pub_display.php?pub_id=6617)

Argentina's economic disaster (http://mises.org/freemarket_detail.aspx?control=392)

Argentina didn't fall on its own (http://www.globalexchange.org/campaigns/wbimf/925.html)

Some are old, as far back as 2002; and, these are not all from the same viewpoint/philosophical outlook.

I also recommend the following documentary, although it is presented by an Argentine leftist. It's in Spanish with English subtitles. Regardless of your political views, etc., some of the stuff you'll see here may drive you to tears.

YouTube - Argentina's Economic Collapse - Part 1 of 12 (http://www.youtube.com/watch?v=rH6_i8zuffs)

[Texan4Life]

That^^

A whole lot sooner than 20 years


5-10 max

+1 hopefully at least 2-3 yrs so I'm better prepared

[TheBlackPeterSchiff]

United States of Argentina (http://www.amconmag.com/article/2009/feb/09/00006/)

Into the economic abyss: Forget Japan, the US is the next Argentina (http://www.dailymarkets.com/economy/2008/12/17/into-the-economic-abyss-forget-japan-is-the-us-the-next-argentina/)

No tears for Argentina (http://mises.org/daily/868)

How Argentina got into this mess (http://www.cato.org/pub_display.php?pub_id=6617)

Argentina's economic disaster (http://mises.org/freemarket_detail.aspx?control=392)

Argentina didn't fall on its own (http://www.globalexchange.org/campaigns/wbimf/925.html)

Some are old, as far back as 2002; and, these are not all from the same viewpoint/philosophical outlook.

I also recommend the following documentary, although it is presented by an Argentine leftist. It's in Spanish with English subtitles. Regardless of your political views, etc., some of the stuff you'll see here may drive you to tears.

YouTube - Argentina's Economic Collapse - Part 1 of 12 (http://www.youtube.com/watch?v=rH6_i8zuffs)

Thanks but Paul Krugman said it;s capitalism's fault, he has a Nobel Prize so I believe him :rolleyes: