It's a Wrap for Argentina
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Resident Geordie
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These vulture funds are strangling, not just Argentina but much of Africa
Vulture fund - Wikipedia, the free encyclopedia
The US should follow the UKs lead in banning this heinous practice
Vulture fund - Wikipedia, the free encyclopedia
The US should follow the UKs lead in banning this heinous practice
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Argentina Unrest: Brought to you by Goldman Sachs
Wall Street-owned media group "Clarín" spearheading anti-government drive in South America's Argentina.
Land Destroyer: Argentina Unrest: Brought to you by Goldman Sachs
Tony Cartalucci
Land Destroyer
November 11, 2012
The US-engineered "Arab Spring" brought us the "April 6 Youth Movement" in Egypt, run by Wall Street-backed Mohammed ElBaradei in coordination with the Muslim Brotherhood, the "February 17 Revolution," consisting of Al Qaeda terrorists of the Libyan Islamic Fighting Group in Libya, and now Argentina has the "8N," or "November 8" movement working in coordination with foreign-owned Argentinian media group, "Clarín." Clarin has been enthusiastically supporting the protesters and laying the rhetorical groundwork justifying their street presence.
The Guardian reported in their article, "Argentina protests: up to half a million rally against Fernández de Kirchner," that (emphasis added):
Word of the demonstration spread through social networks. Many organisers remain anonymous, but Mariana Torres, administrator of the Facebook page El Anti-K, one of the most active in calling for the rally, said she was delighted: "It was a true feast for democracy."
There was no single cause of discontent. Many in the middle class are angry at the highest inflation in a decade, estimated at a yearly 25% by private economists, currency controls that have created a black market in dollars, and one of the slowest economic growth rates in Latin America.
Banners and chants also took aim at recent corruption cases and Fernández's efforts to limit the power of big newspaper and TV conglomerates. Clarín, the country's most powerful media group, has stepped up its criticism of the government before the introduction on 7 December of a law that will weaken its empire.
Wall Street-owned media group "Clarín" spearheading anti-government drive in South America's Argentina.
Land Destroyer: Argentina Unrest: Brought to you by Goldman Sachs
Tony Cartalucci
Land Destroyer
November 11, 2012
The US-engineered "Arab Spring" brought us the "April 6 Youth Movement" in Egypt, run by Wall Street-backed Mohammed ElBaradei in coordination with the Muslim Brotherhood, the "February 17 Revolution," consisting of Al Qaeda terrorists of the Libyan Islamic Fighting Group in Libya, and now Argentina has the "8N," or "November 8" movement working in coordination with foreign-owned Argentinian media group, "Clarín." Clarin has been enthusiastically supporting the protesters and laying the rhetorical groundwork justifying their street presence.
The Guardian reported in their article, "Argentina protests: up to half a million rally against Fernández de Kirchner," that (emphasis added):
Word of the demonstration spread through social networks. Many organisers remain anonymous, but Mariana Torres, administrator of the Facebook page El Anti-K, one of the most active in calling for the rally, said she was delighted: "It was a true feast for democracy."
There was no single cause of discontent. Many in the middle class are angry at the highest inflation in a decade, estimated at a yearly 25% by private economists, currency controls that have created a black market in dollars, and one of the slowest economic growth rates in Latin America.
Banners and chants also took aim at recent corruption cases and Fernández's efforts to limit the power of big newspaper and TV conglomerates. Clarín, the country's most powerful media group, has stepped up its criticism of the government before the introduction on 7 December of a law that will weaken its empire.
Color Revolutions: Argentina Next?
Suspicion grows as Western criticism of Argentina's nationalization and rebuffing of "rules of global finance" sharpens in tandem with street protests.
Land Destroyer: Color Revolutions: Argentina Next?
Tony Cartalucci
Land Destroyer
November 9, 2012
Western media agencies have begun enthusiastically covering demonstrations in Argentina's capital, Buenos Aires. CNN, AP, and the BBC have all covered the protests in equally vague terms, failing to identify the leaders and opposition groups behind them, while BBC in particular recycled "Arab Spring" rhetoric claiming that, "opposition activists used social networks to mobilise the march, which they said was one of the biggest anti-government protests in a decade."
The Western media claims the protesters are angry over, "rising inflation, high levels of crime and high-profile corruption cases," all the identical, vague grievances brought into the streets by Wall Street-backed opposition groups in Venezuela. Underneath these unsubstantiated claims, lies the International Monetary Fund, and threats of sanctions aimed at Argentina's turning away from the US Dollar and the Wall Street-London dominated international financial order.
And like in Venezuela, a coordinated campaign against the Argentinian government, led by President Cristina Fernandez de Kirchne, has begun in op-eds across the Western media.
The Chicago Tribune in an op-ed titled, "A wrong turn in Buenos Aires: Argentina's populist economic policies court disaster," stated:
What a shame to see a country of such great economic promise swerving off the road to prosperity again.
The latest in a history of unforced errors began in 2007. National elections ushered in populist President Cristina Fernandez, who has led her nation to the brink of disaster by refusing to play by the rules of global finance. She restricted international trade, violated contracts and pumped out phony data to disguise the soaring inflation her policies brought about. All the while she scored cheap political points by blasting the rich countries of the north for their supposed economic imperialism.
Argentina took a grave step in May when it nationalized YPF, its main energy company. The takeover, condemned around the world, forced out Spain's Grupo Repsol, which owned a majority stake in YPF. Repsol was providing the engineering know-how and financial investment to develop Argentina's massive energy reservesincluding the huge Vaca Muerta oil-and-gas find.
Negotiations to compensate Repsol for Argentina's asset-grab will end badly for Argentina. The European Union is likely to impose sanctions. Repsol wants $10 billion, and it has sent the message to rival energy companies that it will not permit others to profit from its confiscated assets. Argentina will have a hard time finding partners to help it develop what should be a lucrative resource.
The financial coup against Repsol won strong national support. The approval ratings of Fernandez temporarily shot up. Even opposition parties backed the move. Government officials talked about how they had restored Argentina's dignity by standing up to foreigners exploiting its natural bounty. Meantime, Fernandez kept the once-hot economy going by nationalizing private pension funds, redirecting the money into housing loans, and expanding welfare programs by decree.
Now Argentina has to pay the price.
What is likely to follow will be coordinated attacks including sanctions, isolation, political attacks, currency attacks, and of course US-engineered unrest in the streets, which can range from protesters merely clogging traffic, to escalating violence triggered by the now notorious "mystery gunmen" used in US unconventional warfare to destabilize, divide, and destroy nations.
But also like in Venezuela, if enough awareness can be raised in regards to what the West is doing, and the disingenuous intentions and interests driving opposition groups into the streets, these efforts being used to coerce Argentina back into the Western dominated "world order" articulated by US think-tank policy makers like Robert Kagan as serving "the needs of the United States and its allies, which constructed it," can ultimately be thwarted.
Suspicion grows as Western criticism of Argentina's nationalization and rebuffing of "rules of global finance" sharpens in tandem with street protests.
Land Destroyer: Color Revolutions: Argentina Next?
Tony Cartalucci
Land Destroyer
November 9, 2012
Western media agencies have begun enthusiastically covering demonstrations in Argentina's capital, Buenos Aires. CNN, AP, and the BBC have all covered the protests in equally vague terms, failing to identify the leaders and opposition groups behind them, while BBC in particular recycled "Arab Spring" rhetoric claiming that, "opposition activists used social networks to mobilise the march, which they said was one of the biggest anti-government protests in a decade."
The Western media claims the protesters are angry over, "rising inflation, high levels of crime and high-profile corruption cases," all the identical, vague grievances brought into the streets by Wall Street-backed opposition groups in Venezuela. Underneath these unsubstantiated claims, lies the International Monetary Fund, and threats of sanctions aimed at Argentina's turning away from the US Dollar and the Wall Street-London dominated international financial order.
And like in Venezuela, a coordinated campaign against the Argentinian government, led by President Cristina Fernandez de Kirchne, has begun in op-eds across the Western media.
The Chicago Tribune in an op-ed titled, "A wrong turn in Buenos Aires: Argentina's populist economic policies court disaster," stated:
What a shame to see a country of such great economic promise swerving off the road to prosperity again.
The latest in a history of unforced errors began in 2007. National elections ushered in populist President Cristina Fernandez, who has led her nation to the brink of disaster by refusing to play by the rules of global finance. She restricted international trade, violated contracts and pumped out phony data to disguise the soaring inflation her policies brought about. All the while she scored cheap political points by blasting the rich countries of the north for their supposed economic imperialism.
Argentina took a grave step in May when it nationalized YPF, its main energy company. The takeover, condemned around the world, forced out Spain's Grupo Repsol, which owned a majority stake in YPF. Repsol was providing the engineering know-how and financial investment to develop Argentina's massive energy reservesincluding the huge Vaca Muerta oil-and-gas find.
Negotiations to compensate Repsol for Argentina's asset-grab will end badly for Argentina. The European Union is likely to impose sanctions. Repsol wants $10 billion, and it has sent the message to rival energy companies that it will not permit others to profit from its confiscated assets. Argentina will have a hard time finding partners to help it develop what should be a lucrative resource.
The financial coup against Repsol won strong national support. The approval ratings of Fernandez temporarily shot up. Even opposition parties backed the move. Government officials talked about how they had restored Argentina's dignity by standing up to foreigners exploiting its natural bounty. Meantime, Fernandez kept the once-hot economy going by nationalizing private pension funds, redirecting the money into housing loans, and expanding welfare programs by decree.
Now Argentina has to pay the price.
What is likely to follow will be coordinated attacks including sanctions, isolation, political attacks, currency attacks, and of course US-engineered unrest in the streets, which can range from protesters merely clogging traffic, to escalating violence triggered by the now notorious "mystery gunmen" used in US unconventional warfare to destabilize, divide, and destroy nations.
But also like in Venezuela, if enough awareness can be raised in regards to what the West is doing, and the disingenuous intentions and interests driving opposition groups into the streets, these efforts being used to coerce Argentina back into the Western dominated "world order" articulated by US think-tank policy makers like Robert Kagan as serving "the needs of the United States and its allies, which constructed it," can ultimately be thwarted.
Slaimon Khan Shah
SLAIMON KHAN SHAH = SHAOLIN MONK/S OF ISLAAM
We need to avoid dealing with usury. God destroys usury.
Muhammad wasn't a God you retard.....stay in your lane.
Christian God is whom my friend?
The only true God...
Wrong Answer b/c it's irrelevant to the subject.
Slaimon Khan Shah
SLAIMON KHAN SHAH = SHAOLIN MONK/S OF ISLAAM
The Christian God? God is God. God is the Creator, The Greatest, Free of Any Imperfections. Avoid worshipping every single cross you see.
Prophet Muhammad (peace be upon him) is without a doubt the final messenger. Peace be upon Jesus as well.
Only ignorant people dont know that God and Allah are one in the same, Muslims Xtians and Jeweys believe in the God that Ibrahim worshipped, the one true god. Good night friends.
88m3
Fast Money & Foreign Objects
Domingo Halliburton
Handmade in USA
Argentina has now defaulted.
http://money.cnn.com/2014/07/30/investing/argentina-default-deadline/
Argentina has defaulted for the second time in 13 years after officials failed to come to an agreement with the country's bondholders.
After frantic last minute talks failed to produce a deal late Wednesday, Standard & Poor's deemed the country to be in default on some of its obligations. The change in credit rating could hike Argentina's borrowing costs, and put even more pressure on the country's already-struggling economy.
The crisis stems from a legal battle with a small group of "holdout" creditors that haddemanded payment of about $1.5 billion on bonds they bought after the $144 billion default in 2001. That standoff has blocked payments to other creditors.
Economy minister Axel Kicillof met the "holdouts" for the first time in New York this week but said Wednesday that they rejected an offer he made.
Now, the country may have to devalue the peso to preserve foreign currency reserves, and that could trigger a dangerous rise in inflation that is already projected to hit 40%.
The peso has already fallen by about 25% against the dollar this year.
Run your country like Chavez, brehs
http://money.cnn.com/2014/07/30/investing/argentina-default-deadline/
Argentina has defaulted for the second time in 13 years after officials failed to come to an agreement with the country's bondholders.
After frantic last minute talks failed to produce a deal late Wednesday, Standard & Poor's deemed the country to be in default on some of its obligations. The change in credit rating could hike Argentina's borrowing costs, and put even more pressure on the country's already-struggling economy.
The crisis stems from a legal battle with a small group of "holdout" creditors that haddemanded payment of about $1.5 billion on bonds they bought after the $144 billion default in 2001. That standoff has blocked payments to other creditors.
Economy minister Axel Kicillof met the "holdouts" for the first time in New York this week but said Wednesday that they rejected an offer he made.
Now, the country may have to devalue the peso to preserve foreign currency reserves, and that could trigger a dangerous rise in inflation that is already projected to hit 40%.
The peso has already fallen by about 25% against the dollar this year.
Run your country like Chavez, brehs