The UsuryFree Eye Opener

The UsuryFree Eye Opener is the electronic arm of the UsuryFree Network. It seeks active usuryfree creatives to help advance our mission of creating a usuryfree lifestyle for everyone on this planet. Our motto is 'peace and plenty before 2020.' The UsuryFree Eye Opener publishes not only articles related to the problems associated with our orthodox, usury-based 1/(s-i) system but also to the solutions as offered by active usuryfree creatives - and much more for your re-education.

Tuesday, September 13, 2011

Argentina: Surviving Without Money

"Argentina's crisis occurred with the Peso was pegged with the US dollar and was not able to fluctuate. Then you have years of bad management and direction from leaders such as Fernando de la Rúa putting caps on how much people can withdraw per day and how much banks can pay out per day and you get a terrible crisis.

After years of lending by the IMF and the peso pegged to the dollar, the situation reached a breaking point in 2001. 20% unnemployment, alternative bons like the Patacon and Lecop being printed since we couldn't print dollars. The elite had moved their money out of the country and when the average citizen tried to close his accounts, they were frozen, to later be converted to devaluated pesos losing 70% of their value. Argentina defaulted on its 132 billion usd debt, largest default in history." (snip) ...

View a video about the Argentine economy at this website:

NOTE: This video clip is also posted at Youtube at this url:


At 8:41 PM, Blogger King of the Paupers said... are my videos documenting the use of Argentine provincial bond currency and personal timebarter Creditos currency to go from being broke in 2001 and all foreign debt paid off in 2006!


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