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Economics Of Latin America

The end result was that $ 1 peso 1992 was equivalent to 100 billion U.S. dollars prior to 1983 pesos. The subsequent summation of economic policies also wrong, which was adopted to-one parity with the dollar, led to the tragedy of 2001 when 60 percent of the population fell into poverty. The government can not continue hiding K or containing inflation, the Argentine economic outlook has started to turn dark, and the next year most likely to be black. About a month ago, the president issued an arrogant comment to the international financial crisis, saying the first-world economy was a bubble and on the contrary, their model – based on subsidies, inflation and nationalizations typed – it works .

The results of their wonderful system is not left waiting. In recent weeks the dollar soared, the Merval fell, and the government seized retirement pension funds President does not have a clear appreciation of reality, the only one who lives in a bubble that's her. Cristina does not understand that thanks to the astronomical savings generated by capitalism, which criticizes both the U.S. Federal Reserve can go to help the world's most colossal enterprises, until resume its course. The Socialists have no back and blow will be fatal. Venezuela is bottoming out, and to support their revolution, the colonel will bill them to their debtors. La Argentina has a strong commitment to the Venezuelan and 2009 do not know how to honor him.

Reopened default smells … The poverty in South American countries since the Socialists are in power has been increasing. The level of poverty in Brazil is 31 percent, in Argentina, 31.9 percent (official: 23.4%), 38.3 percent in Ecuador, in Bolivia 64 per cent (official: 60%), in Venezuela 40 percent in urban areas (official: 37.9%) and 70 percent in rural areas. With the crisis, which has just begun, because the bags can fall in a day but take years to get up, and taking into account that while the immediate optimism for change in the White House can boost the markets temporarily, medium and long term Obama's economic policy of raising taxes on capital gains and subsidize medicine, among other misguided measures, only the Americans sink, aggravating their situation and that of others, because the U.S. is the world's largest consumer . The effects of ups and downs are reflected immediately in Latin American markets and the world. Do not forget the Great Depression of 1930, which actually happened in 1929, but nobody remembered for that date. What happened is that 29 still did not feel the effect, the general misery came a year later.