See the FULL video report on BitChute HERE:
https://www.bitchute.com/video/J6bBBhyvNGpE/
Josh Sigurdson reports on the collapse of the Argentine economy as millions face poverty thanks to the crippling debt of the country and the vast inflation of the Peso.
Argentina recently announced they have run out of money and expect to see a default on their debt in the coming months despite claiming they had overcome their debt burden last year with a massive loan from the IMF. As per usual, the IMF loans more money than a country can pay back forcing the country to become indebted and subservient to them. The IMF then owns the resources of the country and the people suffer.
This is yet another example of the technocratic globalist takeover. Meanwhile, there are solutions. While the technocrats try to enforce a centrally planned cashless society, countless people are forced via desperation to adopt decentralized cryptocurrency alternatives. Stable coins like Dai and cryptocurrencies like Bitcoin, Dash, Monero and Litecoin have taken off in places like Argentina, alongside Venezuela and other countries prone to massive inflation and government monetary authoritarianism.
Stay tuned as we continue to cover this issue closely!
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You stated that Argentina's peso to dollar ratio is at ars$90 to us$1 but that figure is yet another fraud. One cannot buy one dollar for ninety pesos. That is the government's "official" dollar/peso rate. The real cost is between $140 to $160 per dollar.
If there were a real way to buy dollars for $90 here, people would be buying a hundred dollars for ar$900 and turning around and selling them all day for $1500 - rinse and repeat. No, that is not possible.
Also: The country uses dollar pricing for real estate and other large purchases - they are needed here.
If you use your credit card to buy something on Amazon, you will be be buying things at the official ($90) rate but you can be indicted under 'capital flight' laws, not to mention that the customs fee will be equal to 100% of the cost of your item.
Yes, it is messed up, but it is home.
They are in a big crisis, I think it is the second time in their economy, it is necessary to acquire assets that will not be affected by inflation.