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Parent Post: Didn't Argentina's economy collapse?
heaveho
·
2/22/2025, 6:03:23 PM
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Argentina used to be one of the wealthiest countries in the world. The name translates to "made of silver". Over time as it has taken on too much debt and has defaulted nine times since 1816. As each default occurred, it ruined the local currency. Over time, the country has become a zombie extension of the collective west. I don't know if Milei is going to rescue them or it's just another setup for failure for debt plundering again. This is a common formula run by the collective west to keep control over resources against weaker countries (check out West Africa). It's also why the BRICs is becoming more of a legitimate organization after a few initial failures.
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