TagLatin America

The Disappeared Collaborative Project

Okay, I’m on vacation?and should be staying away from the computer, but I just saw one of the most disturbing art exhibits I’ve ever seen.?I think it needs more attention than what it’s been getting.

“Los Desaparecidos/The Disappeared is an exhibition of works by 27 artists from seven countries in Latin America (Argentina, Brazil, Chile, Colombia, Guatemala, Uruguay, and Venezuela) which brings together visual artists’ responses to the tens of thousands of persons who were kidnapped, tortured, killed, and ‘vanished’ in Latin America by repressive right-wing military dictatorships during the late-1950s to the 1980s. The artists in this exhibition approach the phenomenon of ‘disappearance’ from personal perspectives. Their paintings, photographs, sculptures, and videos express individual experiences of the turbulence and chaos that rocked their countries in the mid-decades of the twentieth century.”

One of the “paintings” was an in depth description of the torture methods from a survivor.?From?getting?electrical shocks while having water dripped on them?as they’re hanging by?their arms on hooks; to having the skin on the soles of their feet scraped off;? to?one man having his testicles ripped off slowly with string.?There were?many?scetched pictures?of?faces, and written names?of many of those who?disappeared dealing with these?dictatorships.??
?The Disappeared

Project Disappeared

Panama has no central bank

I find this remarkably interesting, hence why I am posting it here for your lovely, little eyes to peruse:

In this modern, post–Bretton Woods world of “monetary order” and coordinated central-bank inflation, many who are otherwise sympathetic to the arguments against central banks believe that the elimination of central banking is an unattainable, utopian dream.

For a real-world example of how a system of market-chosen monetary policy would work in the absence of a central bank, one need not look to the past; the example exists in present-day Central America, in the Republic of Panama, a country that has lived without a central bank since its independence, with a very successful and stable macroeconomic environment.

The absence of a central bank in Panama has created a completely market-driven money supply. Panama’s market has also chosen the US dollar as its de facto currency. The country must buy or obtain their dollars by producing or exporting real goods or services; it cannot create money out of thin air. In this way, at least, the system is similar to the old gold standard. Annual inflation in the past 20 years has averaged 1% and there have been years with price deflation, as well: 1986, 1989, and 2003.

Panamanian inflation is usually between 1 and 3 points lower than US inflation; it is caused mostly by the Federal Reserve’s effect on world prices. This market-driven system has created an extremely stable macroeconomic environment. Panama is the only country in Latin America that has not experienced a financial collapse or a currency crisis since its independence.

cont. via the Ludwig von Mises Institute

This comes right after me acquainting myself with Larry Hannigan’s document, “How the money system really works,” a good parable on how the banks create credit to lend out of, essentially, nothing.

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