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Crashing Currency Chaos Spreads Across the Global South

Cryptocurrencies show promise as economies stumble under sanctions and other pressures

Pepe Escobar • August 31, 2018

• 1,100 Words • Leave a Comment

The Iranian rial: crash. The Turkish lira: crash. The Argentine peso: crash. The Brazilian real: crash. There are multiple, complex, parallel vectors at play in this wilderness of crashing currencies. Turkey’s case is heavily influenced by the bubble of easy credit created by European banks. Argentina’s problem is mostly to do with the neoliberal austerity... Read More

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