Re: [A-List] Ron Paul on the Dollar's Woes

["Anne Williamson" <annewilliamson@xxxxxxx>]

All:  This email was forwarded to me by Elizabeth
Currier of the CMRE (Comm for Monetary Research
and Education) with whom I am travelling to Buenos
Aries in mid-July.  Therefore, I can tell you nothing
further about its origin as it was forwarded to her from
where-I-don't-know.  Nonetheless, this person's report
demonstrates the crisis is ratcheting up to gut-churning
levels, and I felt the list would be interested.

Anne

PS  Alex Chafuen of the Atlas Economic Research
Foundation has arranged for me to address a group
regarding the IMF, but I know nothing more
- which group, what venue, etc.  (Atlas is a
laissez-faire group.)  I am extremely interested in
meeting with any native groups grappling with this
issue, and would appreciate references/introductions.
And though I am no expert on Argentina (Louis - thank
you so much for your earlier postings on the country,
and its history.), I do know a good deal about how the
IMF works and loots and may have something useful
to offer.

----- Original Message -----
From: Nicholas Jackson
To: Brian W Casey
Sent: Wednesday, June 12, 2002 12:02 PM
Subject: Argentina - After Default and the Money Dies. - email chatter




Coming to a city near you soon!! Sooner than you think maybe.


Argentina. After Default and the Money Dies. - email chatter


A friend of mine on another group shared this terrible sequence of events
that has happened very recently.  he lives west of the big cities but his
comments relate not just the banks in his country but the big
internationals:

"I will share this case in my "just flying to you" lesson, dear EM. And I am
even farther inland than Buenos Aires, I am living at 500 miles to the
center Mountains, somewhat away from the disaster of the big cities here.
In less than year we have dropped from a 14 percent of population under the
line of poverty to a growing 50%! And the figure is going up each day. Now,
a very curious thing has happen here, I don't know that this peculiar
situation is well known abroad, the Banks, all of them-Including all the
foreign, Citybank, Boston, Banca Nazionale del Laboro, Societe General from
France and the second bank in importance from Germany between all the other,
have simply stolen the money of the savings of the people.

This is an unprecedent situation in modern poscapitalism, and I am sure that
will have -sooner or later- a repercusion in other places. The fact is
simply this:
you had your money in the Bank, and from Friday to Monday you went to the
bank to get some money and every one of them simply said WE DON'T HAVE IT
...can you imagine that?
Not only the savings of all people, some very elder ones, lost from night to
morning, but also the tremendous loose of faith, of confidence in the
intitutions, in the system, etc. And even those of us who did not have
savings at all -as is my case- are deep into the crisis, for the simple
reason that normal people do not have money, for example, for coming to
consultation, the dropping in all the professional offices have been so
huge, even the most famous professionals are in dire straits because of the
tremendous going down of everything.
The people working in jobs, cannot take all the monthly salary, they have
restrictions in amounts to get their own monthly earnings! And of course,
the loose of confidence and values have produced huge ups in delinquency,
kiddnappings, drug abuse, and teenager suicides (the figures are alarming)"

Bad events behind the scenes......

Eric