It makes an already terrible situation a lot worse.
When you conduct your financial affairs as loosey-goosey as Argentina, no one will lend you money. Then – gracias a Dios! – you’re forced into solvency.
Peña Nieto’s government excels at selling its message abroad and controlling its PR with an iron fist. But at home, reality is not so great.
If you saw Argentine President Cristina Fernández de Kirchner’s Cadena Nacional, her state of the nation address, you’re likely wondering what the hell that was.
Mexico is subject to the whims of oligopolies run by a small coterie of hyper-connected individuals who now effectively own the country.
You know that soul-shattering moment when reality hits? That’s what I felt when it was announced that Cristina Fernandez de Kirchner was to meet with George Soros.
This country will get worse before it gets better.
The “New China?” Mexico has been there before. It led to the devastating Tequila Crisis and the bailout of foreign banks. But this time, it’s going to be different.
By ISA Intel: OPEC, other major oil suppliers are more worried than they are letting on. They need high oil prices to fund their governments.
Intended to provide a sense of serenity and security for wealthy city dwellers, gated communities are sprouting like transgenic mushrooms around the world.