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ARGENTINA: Total Financial Collapse, run on banks possible soon BBC
BBC ^

Posted on 09/14/2002 10:36:33 PM PDT by BlackJack

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To: BlackJack
I cry for Argentina.
21 posted on 09/15/2002 7:29:29 AM PDT by ChadGore
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To: Odyssey-x
The ultra-rich are almost all radical environmentalists who want to buy up all this land and make it off limits to anyone. They would love to see whole continents declared off-limits to humans.

You're telling me?

The goal is 500 million or less. It would be an ecological disaster.

22 posted on 09/15/2002 7:33:41 AM PDT by Carry_Okie
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To: Carry_Okie
Why is it that so many of the ultra-rich don't seem to like human beings very much?
23 posted on 09/15/2002 7:54:17 AM PDT by independentmind
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To: independentmind
Good question. I haven't figured that out. If there were only 500M of us their net worth wouldn't be nearly as great, supply--demand. Is it that there would be more for them or something?
24 posted on 09/15/2002 7:58:51 AM PDT by Black Agnes
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To: Southack
So you always wanted a 1,000 acre ranch? You can buy that Argentina ranch and a brick house to go with it for less than the price of a new Jeep.

And have the government take it from you in taxes. That's pretty much why they're in the state they're in - too many years of rampant socialism, too many government employees, not enough producers. Atlas Shrugged.

25 posted on 09/15/2002 8:09:48 AM PDT by FreedomPoster
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To: snopercod
>--Ayn Rand, Atlas Shrugged, 1957

Powerful stuff.

26 posted on 09/15/2002 8:26:32 AM PDT by LostTribe
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To: LostTribe; FreedomPoster
Unfortunately, too many times, in South America and Latin America in general, when Atlas Shrugs, Marx picks up the pieces...
27 posted on 09/15/2002 8:30:09 AM PDT by Black Agnes
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To: Joe Boucher
Who cares, thiese dummies should have shot chavas already and end of problem. Socialist stupids.

Wrong country. Venezuela and Argentina are not even in the same area of South America.

a.cricket

28 posted on 09/15/2002 8:35:33 AM PDT by another cricket
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To: gaspar
Chileans are presently buying up land in Argentina as though there is no tomorrow.

If you know the history of the two countries there is a strange irony at work here.

Also many Chileans do not trust Lagos. Always nice to have a bolt hole.

a.cricket

29 posted on 09/15/2002 8:39:37 AM PDT by another cricket
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To: BlackJack
Laughable....but in the end, sad.

Let the whole thing collapse...it doesnt work as is anyway. Start over....geez.

BTW: Can our congress impeach Supreme Court Justices?

30 posted on 09/15/2002 8:57:28 AM PDT by VaBthang4
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To: independentmind
Most of "the rich" didn't build the wealth they have. David Packard was a great man. His kids are another matter.

Their parents were always working so they hated the lack of attention and disassociate with what built the wealth. They go to the finest schools where they study under professors who feed them class envy, while never having to learn how to DO anything. They know they don't intrinsically deserve what they have and, because they aren't the builders their progenitors were, are often incapable of maintining their status without less than ethical manipulations of that wealth. Guilt breeds self-loathing. Further, because they know they aren't intrinsically superior, they have to debase those who are less fortunate in order to justify their continued self-justification as the high born.

They simply project self-hatred in order to unload.

31 posted on 09/15/2002 9:03:38 AM PDT by Carry_Okie
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To: FreedomPoster; snopercod; Carry_Okie
"That's pretty much why they're in the state they're in - too many years of rampant socialism, too many government employees, not enough producers."

And we have "Ominous Parallels" right here in the USSA, don't we? (Another great Rand book)

I am a Private Sector producer of social/financial programs and what gets me is the utter disdain so many have for these concepts that protect the individual.

I'll leave a table in a resturant after visiting with a client and someone at an adjoining table that doesn't even know my client will say: "I couldn't help overhearing your conversation with that man and you should not trust the advice he's giving you! It's wrong to trust insurance!"

It's a little awkward to have insurance backed by gold reserves when everyone else is out there competing in the paper money system. The contracts would NOT be competitive and the insurance carrier would never amount to anything!

32 posted on 09/15/2002 9:04:23 AM PDT by SierraWasp
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To: Joe Boucher
should have shot chavas already and end of problem. Socialist stupids.

Chavas isn't the Argentinean President genius. Perhaps you should gain a little more knowledge before passing judgment.

33 posted on 09/15/2002 9:09:13 AM PDT by jokar
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To: snopercod
I like the Rand quote.

I am under the impression that government price and wage fixing is a cause for this mess. I'm not really up to speed on it, though, nor am I an economist. Perhaps someon more knowledgeable could elaborate a little on just what happened.

An Argentine restaurant opened near me not long ago and I had wondered why what appeared to be wealthy and aristocratic Argentinian folks would want to get in the restaurant business in Miami. Shortly, however, their wisdom became apparent... They serve good food and I wish them well.

A friend made a trip to Argentina several years ago and loved both the country and the people.

Anyway, if anyone has insights on the reasons for their problems, I would like to hear.

34 posted on 09/15/2002 9:20:27 AM PDT by Sam Cree
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To: *Latin_America_List
Index Bump
35 posted on 09/15/2002 9:48:25 AM PDT by Free the USA
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To: FreedomPoster
too many years of rampant socialism, too many government employees, not enough producers.

BZZZZZZZZZ no more calls we have a winner.

People on the pay roll that never show up or don't even exist. Add to this excessive and regressive taxes that choke businesses to death. The phone tax is by the minute charges like a pay phone. This has locked the middle class out of the internet.

My wife's family is in Argentina. The bank accounts they set up out of the country have been blocked. The borders have been closed and people who traveled at their discretion have had their visas pulled.

But like many Americans, the have received warnings of the impending doom and ignored them. They prefer to see this as America's fault. God love them they are wonderful people and I love them all but it's a complete disconnect when you discuss the realities of socialism. This is the her cousins ISP. He serves Buenas Aires, very professional and well done. On par with anything in America. Choked to death by big government.
http://www.conexiones.com
At the bottom of the page you'll see the link for positions available is dead.

36 posted on 09/15/2002 10:22:26 AM PDT by jokar
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To: Carry_Okie
>Their parents were always working so they hated the lack of attention and disassociate with what built the wealth. They go to the finest schools where they study under professors who feed them class envy, while never having to learn how to DO anything. They know they don't intrinsically deserve what they have and, because they aren't the builders their progenitors were, are often incapable of maintining their status without less than ethical manipulations of that wealth. Guilt breeds self-loathing. Further, because they know they aren't intrinsically superior, they have to debase those who are less fortunate in order to justify their continued self-justification as the high born.

>They simply project self-hatred in order to unload.

Nicely stated.  Worth repeating.

37 posted on 09/15/2002 10:44:54 AM PDT by LostTribe
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To: Carry_Okie
" There but for the grace of "investors" go we."

Grace? Investor's don't bestow "grace". They have "confidence" in a system that's not terminally unsound.

38 posted on 09/15/2002 10:50:11 AM PDT by elfman2
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To: LostTribe
I've known a few. They sicken me.
39 posted on 09/15/2002 10:50:38 AM PDT by Carry_Okie
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To: elfman2
They have "confidence" in a system that's not terminally unsound.

Uh, you've heard of Social Security, MediCare, public skewels, the immigrunt burden, and the financial burden of global hegemony?

What was that about terminally unsound?

40 posted on 09/15/2002 10:54:06 AM PDT by Carry_Okie
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