We think of America and Argentina as being polar opposites. One is a strong nation. The other is struggling. But the differences are actually shrinking now.
Yesterday, we visited one of our distant ‘puestos’ (outposts). There are five or six of them scattered across many thousands of acres of desert, mountain, and valley.
This week, we got a surprise. Eight gauchos rode up, after crossing over the pass from the high ‘puna.’ They dressed in traditional regalia.
This week, we’ve been exploring the age-old question: Who pays unpayable debt? The borrower?The lender? Someone else?
Taxes, tariffs, regulations – they’re all ways to transfer wealth and power from the common man to the elite who control the government.
This was our land. We had heard that there were people living up here. But we doubted it. It was too barren, too bleak, and too dry.
No economic recovery ever exceeded 119 months. This one is already at month 116. The audience is getting restless. It’s time to wrap it up.
Yes, there is an ‘us versus them’ that is real. But it’s got nothing to do with Republicans – Democrats, Black – White, Protestant – Catholic, US – Mexico.
Today we’re taking a break from American politics. Instead let’s see what cattle farming in rural Argentina has to teach us about the facts of life.
As the controversy over Brett Kavanaugh heats up, let’s shift gears for a moment and look at what rural Argentina has to teach us about life and loss.
Argentina is suffering from hyperinflation and a currency crisis. Let’s not rule out the same happening to America if we don’t change our wasteful ways.
The Argentinean peso started diving in April. To stop the freefall, the central bank raised interest rates from 27% to 40%. Argentina now has the highest interest rates in the world.
Argentina is a banana republic with a high deficit and a currency crisis. America needs to be cautious if it wants to avoid the same fate.