April 13, 2014
In the 1960s, Argentina enjoyed a higher Standard of Living than that of Europe.
It has long been a prosperous nation but unfortunately for Argentina, it’s not a Member of the Club that rules the world behind closed doors, namely, our friends who control the fiat-currency-based Federal Reserve-type, central banking systems, which are now set up, in virtually every country on Earth except for Yemen and Syria (Afghanistan and Libya were recent hold-outs…beginning to see a pattern here?), therefore, Argentina was subject to having the rug pulled out fro under them, as happened in 2001.
This story is a cautionary tale for the United States and for numerous countries in Europe.
This documentary is about 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%.
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.
Original Spanish title: ‘Memoria del Saqueo’.