>--- In FairfieldLife@yahoogroups.com, Bhairitu <[EMAIL PROTECTED]> wrote:
> >
> > Yes American farming subsidies really hurt a lot of third world
> > countries. In Jamaica dairy farmers have to dump milk because
>the
> > country is forced to take American subsidized milk. There is a
>DVD
> > documentary on this very subject called "Life and Debt." It was
>made
> > by the daughter of a former Jamaican President. It not only
>spells out
> > the trouble with subsidies but what the IMF does to countries in
>debt.
> > The IMF has already warned the US about its debt. In Argentina
>they
> > even seized 401Ks.
>
>
>I don't understand.
>
>How can Argentina seize 401k's? This is an American program...or do
>you mean the Argentinian equivalent? And if this is so, those are
>private programs...how can the government seize them and whay?
>
>
>
>
Argentinian equivalent but I think the report I saw called them 401k.
There is a book called "Argentina and the Fund" which documents this
collapse which happened in 2000-2001. I believe it was the IMF that
seized them not the government.
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