Two loser currencies to merge?

[zdreg]

1. While that might be true, Argentina and many other countries wouldn't have survived without the life line provided by IMF and WB.

Not true.
An infusion of free market capitalism, rule of law and strong property rights is the road to prosperity.
Debt is the road to slavery. Look at it on the micro level.
Even in the US, people paying 20% on their credit cards will be poor forever.

 

[zdreg]

A professor was quoted that the merger of these currencies is like two blind men trying to hit a
Piñata

 

[schizo]

An infusion of free market capitalism, rule of law and strong property rights is the road to prosperity.

And are you saying IMF is anti-capitalistic, anti-rule-of-law, and anti-property-rights? Just where do you people get your information?

Asian Crisis in 1997 wasn't created by IMF. It was the currency devaluation and runaway spending.

 

[BMK]

Interesting opinion piece from Eduardo Porter at Bloomberg on the proposed common currency for Brazil and Argentina

 

[AKUMATOTENSHI]

Old saying,

If you owe the bank million dollars, the bank owns you. If you owe the bank a billion dollars you own the bank.If you ever looked at the Brazilian Real it is strikingly similar to the Euro dollar. I would see this move as a push forward for the IMF agenda. If they can pull it off hats off to them.

Akuma

 

[Cuddles]

I really can't think of many reason why LA shouldn't be like the Eurozone w/a common currency. Countries would have to get their shit together to allow free travel and job opportunities (Mex w/cartels, Salvador/Brazil w/gang wars, Colombia w/their freedom fighters).

 

[zdreg]

. Countries would have to get their shit together

oxymoron