The CRASH Of Argentina! - Peso Continues To PLUMMET

In this video, I report on the continued crash of the Argentina Peso as recent news leads to an even more worthless currency.

The head of Argentina's central bank, Luis Caputo resigned on Tuesday leading to a massive 5% drop in the value of the Argentine Peso following months of attempted "stabilization" efforts which not surprisingly lead to further devaluation.

The attempt to bring interest rates up to 60% didn't work because basic economics tells us that the problem came from centralization and will not be solved in the long term by more centralization. The currency must collapse.
Argentina has an unfortunate history of inflationary and hyperinflationary events as the Peso has been rebranded countless times in the past century. It's quite incredible that these central planners think reciting the same mantra over and over again for eternity will help the eternally doomed monetary policy.

The cause? Centralization and legal tender laws. The solution? Individualism, free markets, a free competing currency system.

Argentina has been loaned over 50 billion dollars by the IMF which once again, not surprisingly has NOT worked. Now Argentina and the people of Argentina are further indebted by force to a massive international order.

Guido Sandleris will take over as the new head of Argentina's central bank. It will not make a difference. They're attempting to do the same thing over and over and over and over again expecting different results. The absurdity is sky high, especially considering the historical implications. Every single fiat currency in history has reverted to its true value of zero going back to 1024 AD in China. This time will not be any different. It forces the populace into poverty, it gives banks huge reign over the individual by the hand of the state and central bank. It's horrible.

There are solutions however. Individuals must be educated. Financial education and financial responsibility are key. Responsibility is the hallmark of freedom after all. Individuals must protect their purchasing power outside of fiat and they must decentralize their lives.

Rule yourself folks. Don't become subservient to debt. Break free. Be free.

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