Central banks in most countries are ‘magic money machines for politicians’

Argentine President Alberto Fernandez said last month that he may not seek an $11 billion loan from the IMF, promising instead to “try to revive the economy.” RT’s Keiser Report talks to Nick Giambruno of CaseyResearch.com about the relative calm in Buenos Aires among the populace, despite the ongoing currency and debt crises. Argentina has gone through a number of financial crises in the past 100 years and it looks like it is on the cusp of another one, Giambruno says. According to him, the South American nation is facing another currency cataclysm “which is relatively normal for this co

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