Argentina on Brink of Largest Financial Collapse in History

worldLike an aging boxer still climbing into the ring when past his prime, Argentina’s President Cristina Fernández de Kirchner is on the ropes and staggering in response to the pummeling she is getting in the streets.

Kirchner’s latest gambit to push through legislation allowing voters to pick and choose the magistrates who appoint and remove judges sparked a protest of hundreds of thousands in the most recent demonstrations in the country.

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Jerry Nelson is a freelance photojournalist.  Currently living and working in Argentina he focuses on social justice issues.  Known internationally for capturing events in a documentary style with an eye towards the aesthetic, his work has appeared in CNN, USAToday, Huffington Post and others.  A nomad at heart, he is always looking for that next gig which will take him over the next hill or around the next curve.  Follow him on Twitter, Facebook or visit his website, JourneyAmerica.org or email him today.

One thought on “Argentina on Brink of Largest Financial Collapse in History

  1. I’m sorry, but that article speaks without any vestige of the truth.
    Yes, there have been multitudinous manifestations against the government. But the people there were mostly middle-high-class, while the lower class of Argentina is still in favor of the government, and it represents the vast majority. Also, the last manifestation, which was the one against the democratization of justice, had from five to ten thousand participants, much less than in other occasions, such as 18A. Where are the hundreds of thousands there?

    Furthermore, the fact that our relationship with the IMF is weak is actually on purpose. This has been so even since Nestor Kirchner spoke against paying our whole debt (debt which was, at first, private, but was made public by the “government” from the last dictatorship when it got out of hands for the poor private sector), more than five years ago. We don’t want any saving from the US (who should probably be attending their own economy, rather than spending money on anyone else). Why? Because we know how that ends!

    “Many in the opposition feel it’s time that Kirchner stop stepping around the economic failures by picking fights with other governments, concentrate on its own problems and start giving CPR to the national economy.” Are you kidding me? The number of jobs, the PBI, and PBN, have been going up ever since these people were elected. The growth wasn’t as incredible in the last year, yes, but that is explained in my last paragraph.

    And I’m not even mentioning the social and cultural advances in the last decade!

    I’m sorry, but there won’t be another 2001 anytime soon. There was one a decade ago because we had been following the advice of the people that think the way the guy that wrote that article does. Depending on “savings” from other countries, deepening debt (which, if you have been following the process of how the interests of the external debt in Argentina are being paid, you’d know is not the current reality), reducing our industrial productivity, relying only in agriculture for our economy, and so on.

    Yes, we are in the middle of a big crisis. But that’s because THE WHOLE WORLD is in the middle of a tremendous crisis. The reason why we are not another Spain or Greece, is because this government saw it coming, and invested in creating jobs, industries, and an internal market.
    But that’s not the way North America likes his Third World countries, and that’s why the writer seems so thrilled in seeing the rich people complain, while he gives his back to one of the major economical crisis HIS country is having.
    Because, I can tell you, we already had our share, and our people are not going back there.

    Thank you.

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