With their Economy in the Toilet Argentina looks once again to the Falkland Islands

Posted by PITHOCRATES - January 5th, 2013

Week in Review

The Argentine economy is a basket case.  Annual inflation is estimated to be at 20-25%.  Their currency is worthless outside of Argentina.  They have strict currency controls to keep foreign currency out of the hands of their people.  The economy is depressed.  And they’re defaulting on their foreign sovereign debt obligations.  So with your nation in such a mess what is a president to do?  Why, address a burning national interest.  The Falkland Islands (see David Cameron must return Falklands to Argentina, Cristina Kirchner demands in open letter by Christopher Hope posted 1/2/2013 on The Telegraph).

In an emotional open letter to the British prime minister, Cristina Kirchner, Argentina’s president, has called on him to honour a United Nations resolution dating from 1965 and start negotiations about handing over the islands.

The letter, which was due to be published in the British national newspaper The Guardian on Thursday, is timed to mark the anniversary of when on January 3 1833, Britain took control of the islands from the Argentinians.,,

The 3000-strong population of the Falklands are overwhelmingly pro-British. The islanders are due to be asked if they want to continue to be an overseas territory of the United Kingdom at a referendum in March this year. Mr Cameron has said the UK would “respect and defend” the result of the plebiscite…

A spokesman said: “The people of the Falklands are British and have chosen to be so. They remain free to choose their own futures, both politically and economically, and have a right to self-determination as enshrined in the UN Charter.

“This is a fundamental human right for all peoples. There are three parties to this debate, not just two as Argentina likes to pretend. The Islanders can’t just be written out of history.

The same thing happened in 1982.  When bad governing oppressed the Argentine people.  An economic crisis and an unhappy population caused the ruling junta to look to the Falklands to rally the people behind the government.  And to help the people forget how miserable their lives were so they wouldn’t rise up and over throw the ruling dictatorship.  About the only difference between now and 1982 is that the Argentines invaded the Falklands and went to war with the British.  The only difference so far, that is.  Well, that.  And the possibility of oil in the waters around the Falklands.  Which would come in real handy for a country whose economy is a basket case.

If the Argentine government got their way what would happen to the British in the Falklands?  Would they deport them?  Seize their property?  Would they install an Argentine governor to rule over the British people?  Like the Islanders say, they are a third party in this debate.   So the question is what is Argentina’s plan for them?  Perhaps the UN would be interested in hearing that.

The Argentine people will probably rally around their president for they are a proud people.  And no doubt resent past British colonialism.  But they would probably be happier with economic prosperity.  A little laissez-faire capitalism.  So they can unleash the great potential of the middle class.  To work hard and enjoy the fruit of their labors.  Instead of just working hard only to see the fruit of all their labors disappear by runaway inflation.

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