Two loser currencies to merge?

Will this merger of currencies take place by the end of 2024?

  • Yes

    Votes: 2 18.2%

  • No

    Votes: 5 45.5%

  • Discussion of merger is dead on arrival.

    Votes: 4 36.4%
  • Total voters
    11
It's bad enough that IMF had to bail out Argentina TWICE already. Why would they want to bail out the entire South America? :rolleyes: I doubt IMF (aka USA) would allow it.
 
schizo said:
It's bad enough that IMF had to bail out Argentina TWICE already. Why would they want to bail out the entire South America? :rolleyes: I doubt IMF (aka USA) would allow it.
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USA bails out themselves twice a year. Take reserve currency and USA is worse than Argentina.
International bail outs are equally nessesary to maintain reserve status
 
NoahA said:
Something to blow your mind. The IMF and World Bank are actually corrupt organizations designed to enrich themselves. They don't help countries, they enslave them.

https://bitcoinmagazine.com/culture/imf-world-bank-repress-poor-countries
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1. While that might be true, Argentina and many other countries wouldn't have survived without the life line provided by IMF and WB.
2. Let's get the facts straight. Most of these countries and their politicians are the ones that are corrupt, way more than those at IMF and WB. That's why you see such a huge wealth gap when it comes to any of the 3rd world, only the rich remain in power while the rest of the country stays poor.
 
schizo said:
1. While that might be true, Argentina and many other countries wouldn't have survived without the life line provided by IMF and WB.
2. Let's get the facts straight. Most of these countries and their politicians are the ones that are corrupt, way more than those at IMF and WB. That's why you see such a huge wealth gap when it comes to any of the 3rd world, only the rich remain in power while the rest of the country stays poor.
More...

Argentina would survive just fine. Western creditors wouldn't survive.

And speaking about corruption rich countries corruption worse just because more money. It's just packaged a little different COVID, climate change
 
The Euro has the normally severe downside in that it removes the ability of countries to run their own monetary policy tailored to their domestic economy. Of course, maybe that would be advantageous in Argentina's case...
 
Well, the IMF basically helped cause the Asian crisis, which then led to Niederhoffer's hedgefund blowing up. Then the crisis made its way over to Russia, which then caused Merton & Scholes' LTCM to blow up.

So I guess the IMF really doesn't discriminate after all. Everyone pays in the end. :fistbump:
 
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