You can find the same when you look at the Latin American debt crisis in the 80s and early 90s. Brazil looked hopeless at that time. But for the last 10 years, it has been another star performer in the world economy.

Wow -and no mention of the fact that Latin America recovered by throwing to the dustbin the very policies that this guy is telling us must be applied come what may ("we did not agree with IMF and anyway what difference would it make?").
Well, there might be some logic to it: if you do it long enough, the population will be so fed up that it will go full Venezuelan, with added beheading of the banksters. Therefore bringing a nice period of growth. QED.

Earth provides enough to satisfy every man's need, but not every man's greed. Gandhi