-
Cara posted an update 7 years, 11 months ago
Argentina hikes interest rates to 40%: high interest = unaffordable mortgages = firesale properties…. someone is engineering things for land I think.
https://www.independent.co.uk/news/business/news/argentina-interest-rates-40-central-bank-latest-inflation-crisis-a8336436.html
The Giza Forum (Legacy)
Closed Archive of The Old Forum
This has happened time and again – they need to listen to C. A. Fitts. If a significant (even 5-10%) slice of the population personally enacted alternatives instead of every-man-for-himself (divide and conquer mode), the banksters would have more trouble.
Of course many do use alternatives (ex. barter) just to survive, but apparently oligarchs still have control of real estate etc. But there seems to be no crisis in the Bariloche area! Just look on the web at all the luxury resorts there.
Ah ha – so that’s why Doug Casey has drastically reduced the price of lots https://www.gatewaytosouthamerica.com/en/info-argentina.php?id=259&type=residential