In the early 20th century, Argentina was one of the richest countries in the world. While Great Britain ‘s maritime power and its far-flung empire had propelled it to a dominant position among the world’s industrialized nations, only the United States challenged Argentina for the position of the world’s second-most powerful economy.
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One Man\'s Thoughts 
Outstanding work. Thank you for being a Patriot. Keep the faith.
If we really want change ,we the voters can change this cycle. In 2010 every congressperson will be up for election. They voted recently to increase the national debt Limit. Vote out every incumbent
of both parties and send a message that the gravy train of lobbyists,reelection funds,special retirement and health care programs is over.
Iceland, Greece, Dubai, U.S., U.K. and more may see a similar fate.
The floating exchange system (fiat based) may end within a decade it this keeps up.
Hey Les….enjoyed our time together! It’s ALWAYS a pleasure to be with you. Just read this article and thought of you and Charlie. It’s going to get bad Les!! Tell Charlie not to get caught unprepared.
Your brother
I don’t see anywhere that tells me who you are. I want to forward this to some people, but unless I can at least identify who you write for, I can’t really establish any credibility. I work in county government and am constantly trying to persuade people that government is the problem and influence decisions toward conservative government (if there is such a thing). Do you have any credentials I can at least mention?
Nice piece for the most part. The worst thing about the internet though is that if I & others don’t correct people when people make mistakes with replies like this one you & others will just continue being wrong!
“”The Democrats’ populist plans can’t possibly work””
You are wrong to only single out Democratic leaders when the truth is that the Republican leaders,& their Wallst Bank/Insurance puppet masters are every bit as guilty of being Economic Jihadist Terrorist!
Please correct your error as soon as possible. Thank you.
Great read. Even if most of these politicians will be cold dead before ever seeing their flawed philosophy come full circle, are they that heartless that they could leave such a mess to their own children, grandchildren, and great-grandchildren, or are they simply ignorant of history? We would hope it is the latter, but we are not absolutely certain.
This is very good until you got to the end. The problem goes across the table, both parties are guilty of corruption and owned by the gangster banksters. It is our duty to look very closely to candidates and who and where they get their funds.
Both parties major candidates were funded by banksters.
A nice narrative, but a bit one-sided. It would be worth looking at the role of international finance and special interests in looting Argentina as well.
The conclusion that the Democrats are leading us to disaster is also one-sided. The Republicans are equally disastrous. They just prefer to spend on war and corporate welfare to public entitlements. After the Republican record since 1980 any R who dares to claim the mantle of fiscal responsibility ought to be laughed out of the room.
There’s so much potential for similar stories to play out all over the world. Great piece. For some reason England & Greece sit heavily on my mind after reading this.
History without references, castles of paranoia in the air. Read some Argentine history: http://en.wikipedia.org/wiki/History_of_Argentina
Poorly written but a great message, just the same.
Folks that found this topic interesting might appreciate this site and video… http://neithercorp.us/featured.html
“Throw the bums out” is a great battle cry, but senseless if you vote a bigger bum in.
The only message you really send is that your too lazy to educate yourself on the issues and on the person you are voting for. People (and I use that term loosely) like Pelosi, Reid and Obama count on that.
Thoughtful post! Although, I must say, there are some flaws in your argument.
1) Argentina was indeed a very prosperous country at the turn of the century, but this was largely because of foreign capital and investments. When WWI arrived, that was when the economy failed, because other countries (America, Great Britain) withdrew their capital to help fund the war. Thus, the economy while having a large amount of gross income circulating throughout all sectors of Argentinian society, was largely lacking in internal infrastructure, because the products of industries that were booming were often sold to overseas markets, such as beef and wheat. Also, there was a large amount of income inequality, and Argentinian society was largely oligarchic and stratified. So, it wasn’t the portrait of a great and developed country in the early 1900s.
2.) Also, in order to examine this, one must look at foreign influences and internal social chaos. Argentina was extremely diverse in political groups and ideas, and the comparison you are making to America is not a fair one, since the societies are vastly different and the factors that affected the economic landscape of Argentina throughout the 20th cenutry is vastly different from those affecting the US today. Argentina, as well as most of Latin America, was largely under the influence of the US. The US always, since the Civil War, had a strong economic base and a diverse one at that, and has had the ability to grow a variety of crops due to the vast expanse of land available. Argentina never had a strong internal economic base because of neocolonial economic imperialism by other countries.
To all of those “poking holes” in this presentation as being one-sided and factually incorrect, the fact of the matter is that many of the problems the Argentinian government attempted to solve made problems worse (yes, I did read Wikipedia). Overabundant government intervention and programming and their attempts to tax the rich and feed the poor led to class warfare, societal unrest, and a bankrupt nation. Overabundant government intervention is a trait of the left, not the right. This is not castles in the air ‘paranoia’. Our debt is 1/3 of our GDP, and getting geometrically more out of proportion. That is the work of an out of control government, one that has unfortunately leaned further and further to the left (both parties) over the time during which this has been happening.