Energy Efficiency

climate change, energy resources and the big picture: an Australian perspective on global issues

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Debtor Advice For Newby Debtor

February 4th, 2010 · No Comments

Argentina – once the economic powerhouse on Latin America – even had Australian bureucratic heavyweights go on a fact finding mission to try and make Australia equally successful (so are we likewise doomed, locked into a financial system that brought Argentina to its knees).

Now, Argentina has some economic advice for the USA.

Former Argentinean president (also nominating for the next elections) Eduardo Duhalde was making the rounds in South Florida to promote his book Argentina Aflame and obviously speaking from experience when he said to the Americans ‘you have to be careful with deficits and spending [referring to the United States' spiraling red ink and foreign debt]; when you keep printing currency, you don’t always know what consequences it may bring’.

I’m sure that America knows full well what it is doing, destabilisng the world balance of power via undermining the world economic machinations in addition to destabilising legitimatley elected parties in countries all around the world.

They have little of value worth exporting overseas and now must rely on what they can steal – through force – from those countries that have resources they can control and manipulate.

Just as law abiding citizens in the USA cannot accept (say) a mafia wife not knowing what is going on / where the money is coming from, so they too cannot pretend they don’t know what their government is doing to smaller countries or that they are living beyond their means.

For every action, there is a re-action and the longer America buys off the re-action, the greater the collapse will be.

Tags: economy · south america · usa

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