Saturday, December 31, 2011

Lessons from Argentina

'Clearly,this was a massive banker-orchestrated, government-backed robbery of the assets and savings of 40 million Argentinians.Half our population quickly fell below the poverty line, GDP contracted by almost 40% in 2002, millions lost their jobs, their savings, their homes to foreclosures, their livelihoods and yet… not one single bank folded or collapsed!'

http://www.asalbuchi.com.ar/2011/12/argentina-tango-lessons-europe%E2%80%99s-turn-for-financial-danse-macabre/

How safe is your pension? Your savings?

No comments:

Post a Comment