jag2594
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1. So because Chile fixed their rate, then they were able to massively decrease the world copper prices? What are you smoking?
2. That wasn't even from your book, so fail. I have posted evidence, but I am not posting unrelated evidence like you do. Posting a comment saying Chile was doing is not well before Allende is not evidence that US crashed the copper market.
3. Nice try. That has zero relevancy to what I said.
And how does pointing out that Chile was doing well before Allende support your case. That just makes Allende failures even worse. Surely a country that is doing so well can handle a small price drop without getting hyperinflation.
1. Many countries have one big export sector. That won't mean US economic policy will revolve around that country.
2. Oh... right the fixed exchange rate conspiracy theory. Chile fixing the exchange rate somehow crashed the global copper market
3. That is not a relevant answer. And other countries are producing copper.
4. How is Pinochet promoting famine related to "The price drop of copper was not even significant under Allende".
Again, I see no arguments of substance. Two of my points you couldn't even answer. One of them you tried to claim Chile fixing their currency somehow lead to a collapse in world prices. Of course you didn't explain why.
Just give it up. I know you probably believed in the copper conspiracy for a long time, but the world is not that black and white. US is not the devil, and Allende is not Jesus.
And I suggest you to move to Venezuela where you belong, because Chile is to the right of America. With the kind of opinions you have, you must really hate what Chile is today.
And remember according to your copper conspiracy theory, then US is so powerful they can destroy the Chilean economy under a perfect socialist preisdent, by just selling some of their copper reserves. That's pretty pathetic.
1)Its called Peg....(Fixed exchange-rate system). The crisis of 1982...
2) I am talking about how Nixon and copper with chile....
3)Has to do with your comment with the U.S producing copper...
Its obvious that chile produced massive amounts of copper...
1) and....
2) its facts..
http://www.cieplan.org/media/publicaciones/archivos/27/Capitulo_6.pdf
Crisis of 1982 - Wikipedia, the free encyclopedia
3) it's called sarcasm
4)No..during the allende term....You said
The price drop was not even significant
Because the copper issues were not the only trouble for allende...
I never said that the pegged system lead to a world wide crisis. Only in 1982 for chile where the pegged system created problems
You really don't know anything about chiles economy do you....In 1982 the economy fell...though picked up. That is what I was referring too.
http://www.cieplan.org/media/publicaciones/archivos/27/Capitulo_6.pdf
In 1982,the external shocksthat struck Chile-the cutoff of bank loans, the rise of international interest rates, and falling terms of trade-and the “automatic domestic adjustment” process carried out implied a 14 percent plunge in GDP, the largest drop among Latin American coun- tries in that year. The Chilean economy began to recover in 1984. How- ever, only in 1989did GDP per capita recover to its precrisis level.
Crisis of 1982 - Wikipedia, the free encyclopedia
Minister of Finance Sergio de Castro, departing from Friedman’s support for free floating exchange rates, decided on a pegged exchange rate of 39 pesos per dollar in June 1979, under the rationale of bringing Chile’s rampant inflation to heel. The result,[14] however, was that a serious balance-of-trade problem arose. Since Chilean peso inflation continued to outpace U.S. dollar inflation, every year Chilean buying power of foreign goods increased, all fueled by foreign loans in dollars[citation needed]. When the bubble finally burst in late 1982, Chile slid into a severe recession that lasted more than two years.
Never said he was jesus nor the U.S the devil....However I gave you evidence that the U.S intervened in Allende's economy. You want to deny that...we can debate.
I have family there from my moms side, I been there numerous times. And guess what...alot of people still continue to praise Allende and his politics.. However I haven't like Bachelet nor Pinera so it doesn't matter. In my opinion the social democrats lean right
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