Bill Clinton Predicts World Leadership Role for Argentina in the Next 50 Years

Speaking at a June 7 conference in Buenos Aires, former U.S. President Bill Clinton praised the government's economic policies applied over the past several years, and predicted that in the next fifty years, Argentina will likely "recover its place as a world leader." He recalled that in 1908, Argentina was the "eighth wealthiest economy in the world."

Such remarks wouldn't have endeared him to the British imperialists determined to destroy this nation, three of whose representatives from Argentina's pro-British FIEL Foundation showed up in Washington last week to denounce current government policy as "unsustainable," and demand a return to the halcyon days of the free-market.

Clinton was clearly alluding to the policies implemented by former President Nestor Kirchner (2003-2007) and his wife, current President, Cristina Fernandez, which, he said, had brought about "a 180-degree turn-around in the economy," following the devastating default and crisis of 2001-2002.

To the audience of businessmen and political and labor leaders, Clinton said that Argentina had gotten a raw deal from rating agencies, after undergoing "the most surprising recovery following the unfortunate events of 2001." While other countries are increasing their debt and asking for more loans, Argentina is reducing its debt and experiencing robust economic growth. It's an excellent choice for investors, he underscored.

Prior to his speaking engagement, Clinton met privately with President Fernandez de Kirchner, during which the two discussed the global financial crisis, among other topics.