In the next couple of weeks I'll review a book by someone who was in Argentina during the collapse.
Wednesday, April 21, 2010
Rich Rahn argues that current US policies could lead to our going down the same path that Argentina did between 1982 to 2002, including massive foreign debt, currency crises, and unemployment over 25%. Rahn points out similarities between the US and Argentine situations but doesn't (in this article) examine those same factors in other countries, and whether they necessarily lead to downfall in other countries or are just coincidence. So I'm not convinced just yet, but I think it's a possibility to keep in mind.