I think this is the beginnings of an economy based on perpetual growth and fossil fuel energy running headlong into geological energy constraints. Basically I see an undulatory downward path for the rest of my life. From here out, I think any rallies in our economic condition are going to be met with spiking commodity prices that knock us right back down.
Joined: Mar 06, 2005 Posts: 86 Location: Cyberspace
Posted: Mon Apr 04, 2005 8:57 pm Post subject:
Argentine Army kept funds
donated for conscripts in 1982 An estimated 54 million US dollars donated in 1982
for Argentine servicemen, mostly conscripts, fighting
in theFalklands Warwas "transferred to armed forces
accounts" reported Clarin on its Sunday editions.
The report also indicates that scarves donated by Argentines and
people from other countries moved by the appalling conditions in
which the Argentine soldiers were sent to the battlefront "ended
up in the dustbin", while money to improve and protect servicemen’s
conditions never reached the intended recipients.
"The funds were transferred to Argentine Armed Forces bank accounts
and to the office of the military governor of Malvinas/Falklands at the
time", reveals Clarin quoting from a report prepared by then Finance
Secretary Manuel Solanet, who was in charge of managing wartime
finances.
Full-fledged fighting in the Islands, which have been in British hands
since 1833, officially began May 1, 1982, with the arrival of a British
task force and ended 45 days later. The conflict, triggered by the
military regime that ruled Argentina from 1976-1983, claimed nearly
1,000 lives - some 700 Argentines and 255 British soldiers and sailors.
"Following the defeat, the funds were used for aiding veterans and
payment of compensations. With the return of democracy in 1983,
and remnant funds were finally transferred to the Revenue Service
and absorbed into the 1984 national budget" states Clarin.
According to the press investigation citizens donations for the war
effort amounted to 54 million US dollars, almost double the cost of
transporting Argentine conscripts to the Islands which military sources
estimate in the range of 29 million US dollars.
Original source: Mercosur, April 4, 2005
MarioPro
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