In 1870 an Argentine teacher exiled in Chile wrote the book "Facundo: Civilizacion o Barbarie". Facundo was one of the savage native caudillos that were exterminating the urban middle class. Facundo liked to invite rich people to play cards, he cheated and left them in debt. Sarmiento in his book presents a shocking picture of the country and proposes to exterminate the Criollos that had adopted Indian ways, adopt the French government model and open up the country to immigration. Ten years after he took power, Argentine's living standards were the highest of the word.
Unfortunately, it lasted only two generations, and since the thirties Argentina is regressing to its barbarian past. Argentina’s $37.6 billion of inflation-linked bonds account for 21 percent of government debt (from Bloomberg). In 2007, then President Kirchner sacked INDEC (the statistics institute)'s staff and replaced them creatives that consistently falsify the country's economic data. Iinflation in 2012 is estimated at 25.6 percent, but statistics institute said consumer prices rose 10.8 percent. The gap between the official and real inflation rates has enabled the government to save about $6.8 billion since 2007. "Save" means to steal that amount of money from savers, pensioners and other fixed income Argentines.Argentina is proof that history is not a one-way street, always advancing to higher plateaus. Powerful, stable, large, White countries can also regress. Rhodesia/Zimbabwe is an extreme example, but Argentina hits nearer home. No one can say "it cant happen here". It can happen everywhere.