{"id":364313,"date":"2018-06-06T19:42:00","date_gmt":"2018-06-06T18:42:00","guid":{"rendered":"http:\/\/rinf.com\/alt-news\/newswire\/the-crisis-in-argentina-lewrockwell\/"},"modified":"2018-06-06T19:42:00","modified_gmt":"2018-06-06T18:42:00","slug":"the-crisis-in-argentina-lewrockwell","status":"publish","type":"post","link":"http:\/\/rinf.com\/alt-news\/newswire\/the-crisis-in-argentina-lewrockwell\/","title":{"rendered":"The Crisis in Argentina &#8211; LewRockwell"},"content":{"rendered":"<div>\n\t\t\t\t\t\t\t                            \t<!-- S3 Cache --><!-- S3:S3:Non-Original -->\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n<p><strong>Justin\u2019s note:\u00a0<\/strong>Argentina is teetering on the edge of a full-blown crisis.<\/p>\n<p>Its currency, the peso, is in free fall. Inflation is skyrocketing. And foreign investors are fleeing the country.<\/p>\n<p>In short, it\u2019s starting to feel like 2001 again. So, it\u2019s no surprise that the Mauricio Macri government is doing everything it can to prevent a repeat of that disaster.<\/p>\n<p>It\u2019s already raised the key interest rate to 40%. It\u2019s unloading the foreign reserves. And Argentina is in talks with the International Monetary Fund (IMF) to secure a massive bailout.<\/p>\n<p>No one knows if these emergency measures will work or backfire. But if there\u2019s anyone who might have an answer, it\u2019s Doug Casey.<\/p>\n<p>Doug isn\u2019t just a student of money. He\u2019s also lived in Argentina for years. So, I recently phoned him to see what he thinks about all of this\u2026<\/p>\n<hr\/>\n<p><strong>Justin:\u00a0<\/strong>Doug, what do you make of what\u2019s happening in Argentina? Is the government taking the right steps to prevent a crisis?<\/p>\n<p><strong>Doug:\u00a0<\/strong>Let me start by saying that no government should be in the money business. Money is something that society should determine for itself. In today\u2019s world, it would probably be gold, some type of cryptocurrency, or some combination of the two. Remember that, before about 1933 in most cases, all the world\u2019s currencies\u2014the pound, the mark, the franc, the dollar, all of them\u2014were just national names for a specific amount of gold. Then governments withdrew gold coins from circulation, and would no longer redeem their currencies with anything. But people continued to use them\u2014even though they then started dropping radically in value.<\/p>\n<p>This is especially true about Argentina, which has about the worst track record of any government. They\u2019ve completely destroyed numerous currencies&#8230;<\/p>\n<\/div>\n<p><a href=\"https:\/\/www.lewrockwell.com\/2018\/06\/no_author\/doug-casey-on-the-crisis-in-argentina\/\">Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Justin\u2019s note:\u00a0Argentina is teetering on the edge of a full-blown crisis. Its currency, the peso, is in free fall. Inflation is skyrocketing. And foreign investors are fleeing the country. In short, it\u2019s starting to feel like 2001 again. So, it\u2019s no surprise that the Mauricio Macri government is doing everything it can to prevent a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[519],"tags":[],"class_list":{"0":"post-364313","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-newswire"},"_links":{"self":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/364313","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/comments?post=364313"}],"version-history":[{"count":0,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/364313\/revisions"}],"wp:attachment":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/media?parent=364313"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/categories?post=364313"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/tags?post=364313"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}