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Why Argentina’s New Loans From the IMF Are Spurring Unrest and a Deepening Social and Economic Crisis


#1

Why Argentina’s New Loans From the IMF Are Spurring Unrest and a Deepening Social and Economic Crisis

Celina della Croce

In September, Argentine president Mauricio Macri accepted the 2018 Atlantic Council’s Global Citizen Award. In attendance were many of world’s neoliberal power players and policy makers, among them International Monetary Fund (IMF) Managing Director Christine Lagarde.


#2

If someone could have stretched out Milton Frieidman’s penis and cut it off, the world would be so much better today.


#3

For many years Lagarde has chastised the 99% in many nations for not warming up the IMF austerity mandates while she continues to enjoy her high six figure tax free IMF compensation package.


#4

From another neoliberal:
https://therealnews.com/stories/obama-admits-bipartisan-capitalist-washington-consensus-fueled-far-right-multiplied-inequality

https://therealnews.com/stories/the-imf-is-at-it-again-in-argentinas-economic-crisis

and workers in Hungary:
https://therealnews.com/stories/hungarians-rise-up-against-anti-worker-slave-law-and-growing-authoritarianism


#5

Macri sez:
"… we will end up with the whole country crushing on Christine.”

Reality suggests “crushed by” Christine is more likely.


#6

looks as if The Revolutions (pleural) are Not being televised

The 99% need to forget LEAD ers who bog their countries down by playing by the games of those who proposed loans, to those who insist on judging a country by the GDP, to those who do not know that humans need to be valued for their intrinsic qualities, to those who have never gone hungry ever, to those who have nothing to fear in their everyday lives of abundance


#7

The MO of the IMF is to bribe individuals in government to sign for odious loans to create things useful to IMF associates to be staffed cheaply by subjects misrepresented by the government in question.

The IMF then charges the nation and its citizens for having given the IMF the place in question because doing so has “given the citizenry jobs”–that is, it has forced the citizens to work for the associates of the IMF. The associates pay the locals enough to pay some small fraction of the loan interest, allowing the principal to increase steadily and to be forgiven partly, in drips and drabs, and conditionally–assuming that the locals obey the IMF associates and serve them.

This is called a “free market,” maybe because anyone otherwise free might be forced to participate, or ,maybe because freedom can be bought and sold so quickly and so cheaply–unless, of course, one plans on buying one’s own.

Argentina has gone through just such a cycle within human memory. Macri is in the process of selling them into what promises to be another half century of poverty. Unrest does not begin to do the response justice.