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/ Home / News / Accountability / Corruption / The Peonization of Labor: The Argentinian Experience
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The Peonization of Labor: The Argentinian Experience

May 26, 2010 by Steve Beckow

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Argentinian Adrian Salbuchi lays out the IMF model of reducing a population to peon status – something I called elsewhere the “peonization of labor.”

The modus operandi by which a transfer of wealth is made from the people to the cabal is to privatize gains but socialize losses.  Put more simply, it’s to rob the poor to pay the rich.

It sees the middle class, which has been slowly rising in wealth over decades if not centuries, blamed for casino capitalism and suddenly propelled down the ladder by “sound” and “responsible” measures to standards of poverty, only to be encouraged to work their way up the ladder again.

This is the system much of the world lives under. We’re just the last of its victims.

Fortunately all this will be leaving the planet in the face of the wisdom economy or abundance program, but it’s the fate that awaited us if the events of 2012 were not in the offing.

Our Sympathies To The People Of Greece
It’s “déjà-vu all over again”!!!

By Adrian Salbuchi

5-13-10

(From an email. Thanks to Ellie.)

When Argentinians watch the news today and see the terrible things that are happening in Greece, we cannot but say, “Hey!! This is EXACTLY like Argentina in ecember 2001 and beginning of 2002!”. Then too,  Argentina underwent its worst systemic banking, public debt and monetary collapse which led to social turmoil, mad violence, rioting, and social war.

The turmoil was so bad, that it forced then president Fernando de la Rúa’s government to resign, especially because of his notorious pro-banker cartel economy minister, Domingo Cavallo, generating a political vacuum that led to Argentina having 5 (five!!) presidents in that terrible last week of December 2001.

What triggered social chaos in Argentina was the attempt by president De la Rúa to implement the grossly unjust austerity measures imposed by the IMF that required, as usual, utmost sacrifice from the people more taxes, less social spending, “balanced budgets”, zero deficit spending, amongst other anti-social measures  which led to a fall of almost 40% in  Argentina’s GDP.

Half of all Argentinians fell below the poverty line (most were never to make it back to the traditional Argentina middle class), private banks were allowed to legally retain everybody’s savings, US dollar deposits were arbitrarily changed into Pesos at whatever rate of exchange the government and bankers decided (the dollar was devalued 300% from one peso to the dollar, to 4 pesos the dollar in just weeks) and yet. Not one bank fell ! ! ! Indeed, since then they’re all back in “business as usual”, however the poor and impoverished are today totally out of business.

Throughout 25 years of successive caretaker governments in Argentina, the IMF-led Global Banking Cartel artificially generated a basically illegal   or at best, illegitimate  Sovereign Debt that grew so huge, that it ended up collapsing the entire financial and economic system.

That was no coincidence. It was part of a highly complex model, engineered to control entire
countries, through a cycle having sequential stages and identifiable parts that has one basic overriding goal:  when the finance economy is fueled to run in an artificial “growth mode”, the bulk of all profits are privatized into the hands of their “friends”, managers and operators. However, when the whole scheme  like all Ponzi schemes – reaches its climax and total collapse is at hand, they revert the process and then socialize all losses. (This is more fully explained in my video “Global Financial Collapse”, see links below).

That’s what Mr. Cavallo – a Rockefeller protégé – achieved, ensuring that the Argentine people bore all
the losses, whilst the international banksters took all the profits. The mainstream media  both global and
local  willingly obliged; The New York Times went so far as to suggest that the entire Patagonian region
(i.e., the 5 southern provinces of Argentina accounting for 35% of Argentina’s territory and having
immeasurable energy, mining, foodstuff, water resource wealth), should secede from the rest of the country as  a way of “resolving our foreign debt woes.”

Now, that was Argentina 2001/2002 but, isn’t that also the case when today’s US taxpayer bails out Goldman Sachs, AIG, CitiCorp and GM whilst losing his house, pension and job? Isn’t that what is happening to Greece today? And Iceland? And the UK? And Ireland? And anytime soon Spain? Portugal? Italy?

In Argentina, our people ended up getting used to being much poorer, so when “normal” times returned, the Goldman Sachs and Citicorp controlled local media were able to ensure that a new puppet regime subservient to the money interests should come to power: i.e., the husband and wife pro-banking mafia team of Néstor and Cristina Kirchner And the merry-go-round keeps turning and turning, whilst the Argentine people keep paying and paying.

Today, we look at Greece and see the same tell-tale signs: the IMF imposing strict austerity measures as a
condition for the banks to lend more money to them (as if a country collapsing under the burden of debt can overcome that by getting into even more debt!!), the mainstream media speaking vociferously on the need for “Greece to do things correctly and responsibly” (as if the US FED, the Bank of England, Goldman Sachs and the US Treasury, Greenspan, Bernanke, Paulson, Brown, Geithner, Blankfein, Greenberg were examples of  responsible accountability), local caretaker governments doing all they can on behalf of banking interests (George Papandreou is a regular at the Bilderberg and Trilateral Commission meetings, as was Fernando de la Rúa, a founding member of the local chapter of the Council on Foreign Relations in
Argentina called CARI), major banks such as Goldman Sachs trying to collect their pound of flesh in the
midst of all the turmoil and hardship; all of this against a backdrop of desperate citizens taking to the
streets to express what is obvious to all: that international bankers and local caretaker government
form a complex association of thieves and robbers.

The inevitable then occurs: the Government sends the police out to the streets to protect the bankers,
themselves and New World Order power elite interests… Then violence flares up, people get hurt and die.  The poor (police) battle against the poor (population), whilst the rich look on from a safe distance with a chuckle

Make no mistake: this is a Global Model. …

There is NO democracy, not even in Athens, its birthplace.

What we people suffer the world over  be it in Greece, or Argentina, or Brazil, or Indonesia, or Spain, or
Iceland, or the US or the UK – is a mechanical mass vote-counting system, that is totally dependent
on huge quantities of money, necessary to finance costly political campaigns, purchase radio, TV and
press coverage, pay for grotesque political party structures, journalists, analysts, and of course to pay
for the well-marketed candidates themselves: that vast array of decrepit stooges we read about in the papers every day: Bush, Blair, Papandreou, Obama, Clinton, Menem, Kirchner, Lula, Uribe, Sarkozy, Rodriguez Zapatero, Merkel…

What we have is a “democracy” that is totally subservient to money, however we need to understand
that money is NOT democratic (nor should it be). Money is controlled by the mega-Banking structure that uses the IMF, World Bank, FED, BIS, ECB as its global regulating entities, and pays to run the whole
“Democracy Show”.  Ergo, we end up having “the best democracy that money can buy”… which is no Democracy at all…   (snip)

Adrian Salbuchi
www.asalbuchi.com.ar –  [email protected]

Watch my “Global Financial Collapse” (filmed April
2009) video on the following links:

1: https://www.youtube.com/watch?v=UlDNMB6wYmI

2: https://www.youtube.com/watch?v=78ddURofMWs

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Filed Under: Corruption, Financial Crash Tagged With: Casino Capitalism, Financial Crash, IMF, Peonization of Labor, We are the Free World

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