on a long list of failures and NO successes. Submitted for your perusal, the continued failure of Socialism, yet some idiots in the USA still think it can be made to work.
EXCERPT: “BUENOS AIRES—Argentina could make unfortunate history this week if it defaults on its foreign debt for the second time in 13 years as a showdown with creditors comes to a head. When Argentina last defaulted on this debt, in 2001, it was the biggest sovereign default ever. It led to a debt restructuring and the country’s deepest recession since the Great Depression. The political turmoil was so bad that the country had five presidents in just over a week.”
EXCERPT: “Mired in recession, Argentina already suffers from hard-currency shortages and annual inflation some economists estimate at 40%. (The USA is not far behind) A default could pressure the peso by undermining confidence, fuel inflation by making imports more expensive and worsen unemployment. It also could reduce Argentina’s foreign-currency reserves, already among the lowest in the region at $29.7 billion.”
What makes this funny is that an Argentinian reporter, Alejandro Catterberg, actually nailed America’s Lib/Progs (Liberal/Progressives) while slamming his own nation’s losers… “Fighting the vultures, their millionaire owners, and U.S. judges caricatured as intransigent conservatives is the dream of any populist leader, especially in a country with a strong state, anticapitalist tendencies and a minimal tradition of respecting rules.”
A strong stat(ist) [mentality], anticapitalist tendencies (think fat ass Michael Mooreon), and a shitty tradition of respecting the rules. And making fun of the evil GOP while doing little more than playing with himself in an incessant circle jerk….hmmm. Wow, sounds exactly like the Barack Hussein Obama MMM! MMM! MMM! Regime.