According to new reports, Sergio Massa has promised that Argentina will stop printing money amid the current 60% inflation, which was caused by the Fernández administration's reliance on money printing to pay off the nation's escalating fiscal debt.
Working a regular job is out of the question for the 1.2 million participants of the social program Empower Work. Let's take a look at what led to Argentina’s government collapse, as people just refused to work.
The most dangerous words in monetary policy and economics are “this time is different.” The big mistake of politicians in Argentina is to believe that inflation is multicausal and that everything is solved with increasing doses of interventionism.
Argentina is trapped in $44 billion of IMF odious debt taken on by corrupt right-wing regimes. Seeking alternatives to US hegemony, President Alberto Fernández traveled to Russia and China, forming an alliance with the Eurasian powers, joining the Belt and Road Initiative.
Pharma giant Pfizer has been holding sovereign governments to ransom making bizarre demands asking for bank reserves, embassy buildings and military bases as collateral in return for COVID-19 vaccines.