Wednesday, December 11, 2024

Tag: leaving country nearly broke

Argentina on brink of collapse as currency fails, leaving country nearly broke

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by JD Heyes, Natural News:

Argentina is having economic problems again, and it could lead to a domino effect throughout South America, which would then cause widespread unrest, chaos, and — likely — mass migration to the United States.

As per Buenos Aires-based consulting firm 1816 Economia & Estrategia, the South American nation has already depleted all of its available liquid international reserves, along with an additional estimated $1 billion. This situation further intensifies the challenges faced by the country, as it deals with a historic drought and the looming prospect of a recession, Bloomberg News reported this week.