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This was so interesting, and probably a great foreshadowing of what is to come. > It was always suspected that the government was behind the printing of those

This was so interesting, and probably a great foreshadowing of what is to come. > It was always suspected that the government was behind the printing of those fake papers as a means of ending that This was one of the more ruthless and unexpected things about your post. I would have suspected the rise of a barter economy, obv currency devaluation and a run on the banks, but I didn't think the government would undermine a small barter economy. To contrast with Greece, they just do not have the resources Arg. does. This was insightful, thanks again.

molmalo 11y ago
At first, they didnt care about those clubs, but a lot of pressure came from foreign entities, calling that activity «a menace to the western economy», and even a US senator called it «economic terrorism». I guess that the world bank, and IMF were afraid that if those clubs were successful, they could pose a really bad example for other countries, as the government was not able to control them. Consider that at its peak, 1 out of 7 citizens was involved in a barter club. There is not doubt about the govenment involment in the falsification of pseudo-currencies, because some were even printed in the same paper used to print bank checks, money paper, same ink, same printers.... it was a coordinated attack to undermine the confidence on the system. And it worked much more efficiently that whatever they could do with the use of force...