So I have been reading this blog, as recommended by someone on this site: http://ferfal.blogspot.com/
Very interesting, guy has a lot of stories that gun toting hillbillies who have the second amendment tattooed on their back will like (I dug them too).
The guy lives in Argentina, which I never really read about, and had no idea about the conditions that people are living in there after the economic collapse in 2001. Hell, I didn’t know they had an economic collapse in 2001.
I began doing research on what caused the collapse, and the first thing I found was this:
The Argentina crisis of 2001-2002 exemplifies the economic, social and political upheaval that can occur during a time of economic and financial crisis. During the 1990’s Argentina was heralded as a successful in developing its economy. Foreign investors poured billions of dollars into the country, inflation rates were lower than those in the U.S. at the same time, and the economy was one of fastest growing economies in Latin America. Argentina was the darling of international financial lending, strictly adhering to the IMF advice.
But in 2001 the Argentine economy reached its breaking point. The government announced that its foreign debt could not be paid back and billions of dollars in government spending would be cut. This translated to government employees receiving a salary reduction of 13% (Pastor and Wise 2001). While at the same time unemployment skyrocketed to nearly 20% (Stiglitz 2002). In one year Buenos Aires fell from being the most expensive city in Latin America to the cheapest city (Latin Trade 2003).[/i]
That part about not being able to pay back it’s foreign debt sounded eerily familiar, especially combined withe massive cuts in government aid that caused the collapse. In NJ, this is happeneing on the state level, and I assume it’s entirely possible on the national level.
Interesting shit about a society can change overnight. Thoughts?