Word: bolivia
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Dates: during 1980-1989
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When Cavazos was sent by President Bush on a trip to Bolivia last weekend, the IEM was promised that Williams would read a copy of Cavazos' speech. But, as one IEM member said, "I hope that wasn't Cavazos' original speech...
However, the epidemic will vary from country to country. He predicted that in Chile, Bolivia and Argentina, among other countries, the spread to heterosexuals will probably be slow, as it as been in the United States...
...World nations, the countries using the money for unneeded and bloated projects--usually called "white elephants"--the quick reduction of capital flowing to these nations, and most of all a crash in the prices of products the countries export. For example, the 1985 crash in tin prices helped crush Bolivia's economy, and the fall in petroleum prices restricted the flow of money into Mexico and Venezuela...
...problems escalate when nations print more money in order to pay back their debts, causing hyper-inflation. In Bolivia inflation grew to 24,000 percent. The government had to give its employees raises at a rate approaching that of inflation. They only took in taxes at properties assessed at the previous year's rate. For this reason, countries found themselves in even worse financial straits, with rapidly burgeoning deficits...
...have believed ever since I set foot in Bolivia that the management of the debt crisis by the United States has been dismal, unfair, completely one-sided, reckless from a foreign policy perspective, so I've been writing and speaking and lecturing and traveling to make that point...