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Colombia

The Summit of the Americas: One Eye Wide Open, Another Shut

Submitted by Kaufmann on Fri, 2009-04-17 08:54

President Obama has just written an op-ed for over a dozen newspapers throughout the Americas, in the eve of the Fifth Summit of the Americas that is about to take place in Trinidad & Tobago.

This is significant.  I care deeply about the Latin America and the rest of hemisphere, and wanted to write about the upcoming Summit.  Yet until now what we had was a draft Summit "Declaration" which the country leaders and their (Foreign Ministerial?) teams had been belaboring for a couple of years.

That draft "Declaration of Commitment of Port of Spain" is a travesty.  It is interminable and practically devoid of concreteness or substance.  It would be funny if we wouldn't be in the midst of a major economic crisis, one which is expected to hit South America particularly hard in the coming months.  Andres Oppenheimer has commented on that draft, labeling it as a joke.

 

Ponzi Schemes in Russia, Colombia and the US: from Mavrodi to Murcia to Madoff (MMM)

Submitted by Kaufmann on Thu, 2008-12-18 08:34

Very recently we witnessed political and social unrest in Colombia due to the implosion of the DMG pyramid scheme (named after the scammer, David Murcia Guzman).  And now we got Madoff in Wall Street.  These cases today show how difficult it is sometimes to learn from the past.  Especially when past events are far way in space and time…

I have received articles from experts in Colombia who found parallels in their current case with the analysis I made long time ago on the Mavrodi’s MMM pyramid scheme collapse, which inflicted major pain on so many Russian citizens in 1994.  The focus of my old article was on the MMM Russian case.  But there were other such financial collapses caused by pyramid schemes at that time, including in Romania, and then the tragic case of Albania, in which 2,000 citizens died during the civil war that ensued.