In December 2015 vassal “managers” seized power in ARGENTINA where millionaire MAURICIO MACRI ruled by decree, by-passing constitutional legality. MACRI fired scores of thousands of public service workers, closed social agencies and appointed judges and prosecutors without Congressional vote. He arbitrarily arrested social movement leaders - violating democratic procedures.
MACRI’S Economic and Finance Ministers gained millions of dollars by ‘buying into’ multinational oil companies just prior to handing over private options on public enterprises. (Now ARGENTINA is importing gas from “SHELL” at higher rates then when it used to buy from BOLIVIA!)
CURRENT ADMINISTRATIONS ECONOMIC PERFORMANCE IS DISASTROUS
The all-encompassing swindles and fraud carried out by the ‘new managers’ were covered up by the US media, who praised MACRI’S professional team.
Moreover, MACRI’S economic performance was a disaster. Exorbitant user fees on utilities and transport for consumers and business enterprises, increased three to ten-fold, forcing bankruptcy rates to soar and households to suffer light and gas closures.
Wall Street vulture funds received seven billion dollar payment from MACRI’S managers, for defaulted loans purchased for pennies over a dollar, twenty-fold greater than the original lenders.
Data based on standard economic indicators, highlights the worst economic performance in a decade and a half.
Price inflation exceeds 40%; public debt increased by twenty percent in six months.
Living standards and employment sharply declined. Growth and investment data was negative. Mismanagement, official corruption and arbitrary governance, did not induce confidence among local small and medium size businesses.
CALCULATED MOVE BY THE INTERNATIONAL FINANCIAL INSTITUTIONS: BANKERS TURNED INTO CABINET MINISTERS
The “respectable media”, led by the NEW YORK TIMES, the FINANCIAL TIMES, the WALL STREET JOURNAL, WASHINGTON POST, as well as ARGENTINE newspapers such as CLARIN and LA NACION falsified every aspect of MACRI’S regime. The current regime, together with the CLARIN conglomerate are currently conducting large scale “Social Engineering” in ARGENTINA.
Failed economic policies implemented by bankers turned cabinet ministers were dubbed long-term successes; crude ideologically driven policies promoting foreign investor profiteering were re-invented as business incentives.
Political thugs dismantled and replaced civil service agencies were labelled ‘a new management team’ by the vulgar propaganda scribes of the financial press.