Letter Re: Argentina Versus Chile as Offshore Havens
Regarding Doug Casey’s linked article on Argentina: The Freest Place in the World. Seriously? That country does all the things we fear the US might do. Rampant inflation? Check. Confiscate retirement accounts? Check. Currency controls & dollar-sniffing dogs? Check. Crony socialism and capricious Diktat replacing rule of law? Check. Punitive taxes on the productive, such as farmer-exporters? Check. Hitler-style appeals to nationalism to justify seizure of assets (such as NPF, the largest oil company in the country) or to provoke rows with foreigners (Falklands). Check. Profound corruption? Check. Argentina is cheap for a reason. Refer to FerFAL (An Argentine who …