Bernie Sanders made glowing statements about nations with the American Dream as the US sunk into a banana republic.
I've posted about Venezuela, where even their military senior officers are deserting because of the catastrophic conditions.
Argentina is sinking in the same manner. Hopefully, the Argentines will pull back before becoming the next Venezuela.
"When I was in Argentina last week, I was reminded of the devastating power of high inflation. Argentina’s annual inflation rate is now about 20%, down from an estimated rate of about 40% last year. The central bank is struggling to keep the economy on a disinflationary path, with a goal of achieving a 5% rate three years from now.
Inflation in Argentina has been much higher in the past. For the 15 years from 1975 to 1990, the annual rate averaged a remarkable 300%, meaning that the price level doubled every few months, on average. Prices rose at an explosive annual rate of more than 1,000% in 1989, before inflation was finally brought under control.
In fact, inflation was all but extinguished. I remember being in Argentina in the mid-1990s, when there was virtually no inflation. Back then, the Argentine peso was pegged to the US dollar, and both currencies were used equally for day-to-day transactions on the streets of Buenos Aires."
Much more at:
https://www.weforum.org/agenda...-the-world-can-learn
Bernie isn't mentioning those nations as exemplars of socialism lately. Meanwhile, his wife is being investigated for bankrupting a university. Guess Bernie can console himself in one of the three houses he owns.
