What happens when countries go bankrupt? (The ghost of Argentina)

Watch this. Implausible and funny.

Read this.

Excerpt: “The entire world is currently spooked by the Argentine ghost. Even if wealthy countries reach out to ailing nations, some governments will not survive the storm. Even this would not be truly dramatic. But if the industrialized nations then decide to leave the threshold countries to their own devices, the ensuing wildfire will burn indefinitely.”

Watch this again. No longer implausible. Still funny?