SOUTH AMERICA

Aug 29 07:01

China: America has lost face and is sick

Only hours ago the US government announced that a Chinese fighter jet had intercepted an American military patrol plane over international waters east of China’s Hainan Island.

A Pentagon spokesman called China’s actions “unsafe and unprofessional”, and blasted such unprovoked aggression.

Needless to say, the Chinese government has a slightly different story.

Aug 28 07:42

Hate Speech from a Christian (sic) Organization

The demand conveyed in the above box is plastered on top of the most non-Christian web site on the internet: CUFI, Christians United for Israel. Would that it would read: Christians United for Isolation of Israel, then it would offer a Christian message of a peaceful means to stop genocide in Palestine. The very thought that an organization could call itself Christian and demand that Christians support the wanton slaughter of children and mothers and fathers caught like animals in a cage and mercilessly shot to death borders on the actions of human madness. What ministers of god would dare such mendacity in Christ’s name? How abhorrent.

Aug 28 07:39

40 Holocaust survivors condemn ‘massacre’ of Palestinians, call for BDS against Israel

40 survivors of the Holocaust signed the letter and 287 descendants of victims also added their names.

A group of Holocaust survivors and descendants of those targeted by Nazi Germany have harshly criticized Israeli actions in Gaza and called for boycotts, divestment and sanctions (BDS) against Israel.

Following a letter from survivors of the Holocaust printed in the New York Times on Saturday, the International Jewish Anti-Zionist Network, which helped coordinate the letter, organized a press call Monday, where some of those who signed the letter spoke out against the assault on Gaza.

Aug 28 06:45

Venezuelan government announces mandatory biometric cards to control supermarket shoppers

Venezuela's continuing experiment with Marxist socialism continues to be an abject failure -- as much as every other country's experimentation with Marxist socialism -- as evidenced by the country's shrinking productivity, tanking economy and shortages of basic goods.

So bad have things gotten in the South American nation that its leader, President Nicolas Maduro, has announced that every citizen will soon be required to carry a "biometric card" that limits food purchases through the use of electronic scanners and government databases.

Aug 27 11:36

Bankers Suck Lifeblood from Argentina

The Jewish billionaire head of Elliott Management Corp. and a few mega-rich vulture fund managers have no problem with the likely economic destruction of the sovereign nation of Argentina, birthplace of Pope Francis.

By demanding full value for defaulted Argentine bonds they purchased for a pittance and refusing to accept a reasonable settlement, the unscrupulous profiteers may have forced the South American country to the brink of bankruptcy. If they succeed in their piratical efforts, these plutocratic poobahs will almost certainly cause the total collapse of the struggling Argentine economy, creating rampant poverty, joblessness and chaos. Already in 2006, commentator Adrian Salbuchi, at Canada’s Global Research website, likened this to “financial genocide and terrorism.”

Aug 27 06:18

Bankers Suck Lifeblood from Argentina

Paul Singer is not a nice guy.

The Jewish billionaire head of Elliott Management Corp. and a few mega-rich vulture fund managers have no problem with the likely economic destruction of the sovereign nation of Argentina, birthplace of Pope Francis.

By demanding full value for defaulted Argentine bonds they purchased for a pittance and refusing to accept a reasonable settlement, the unscrupulous profiteers may have forced the South American country to the brink of bankruptcy. If they succeed in their piratical efforts, these plutocratic poobahs will almost certainly cause the total collapse of the struggling Argentine economy, creating rampant poverty, joblessness and chaos. Already in 2006, commentator Adrian Salbuchi, at Canada’s Global Research website, likened this to “financial genocide and terrorism.”

Aug 26 08:37

Colonization by Bankruptcy: The High-stakes Chess Match for Argentina

Argentina is playing hardball with the vulture funds, which have been trying to force it into an involuntary bankruptcy. The vultures are demanding what amounts to a 600% return on bonds bought for pennies on the dollar, defeating a 2005 settlement in which 92% of creditors agreed to accept a 70% haircut on their bonds. A US court has backed the vulture funds; but last week, Argentina sidestepped its jurisdiction by transferring the trustee for payment from Bank of New York Mellon to its own central bank. That play, if approved by the Argentine Congress, will allow the country to continue making payments under its 2005 settlement, avoiding default on the majority of its bonds.

Aug 25 15:19

Argentine Peso Collapses on Top of Rogue Regime

Adeptly managed by the central bank and the government, the Argentine peso has been plunging in perfect form, an activity it is very, very good at. And so on Thursday, it plunged 4.1% on the black market, hitting 14 ARS/USD for the first time. With the official rate at 8.39 ARS/USD, the gap between the two soared to a record of 5.61 pesos. A sign that any remaining trace-amounts of confidence in the peso were evaporating.

Aug 25 14:16

Venezuela's Maduro Sees Approval Boost

Venezuela's president Nicolas Maduro has seen his approval rating bounce back, and now enjoys overwhelming majority support, accord to polls.

Aug 25 14:06

Chile Files Lawsuit against Israeli Prime Minister

On Friday, Chilean congressman Hugo Gutierrez (Communist Party) filed a lawsuit against the Israeli Prime Minister for “crimes against humanity”. He was accompanied by the Palestinian Federation of Chile.

Aug 25 08:55

The True World Masters of Slavery

An incredible documentary that is full of direct quotes from celebrated Jewish historians who have boasted of two thousand years of Jewish domination of the slave trade, including the horrific trade in slaves from Africa to the Americas. A video that will forever change your views of the real masters of the slave trade.

Aug 24 04:44

Rania Masri gives Barack Obama a lesson on the meaning of ‘barbaric’

Thousands of people from Austin and the surrounding region attended a rally and march protesting Israel’s assault on Gaza, joining the millions protesting around the world.

Video from that rally, of a thunderous speech by Dr. Rania Masri chastising President Obama over his usage of the term “barbaric,” has been garnering thousands of hits daily since it got picked up by social media. She’s on fire!

(Must) Watch Rania Masri’s focused rage calling for us to make a stand and pledge to be organized in support of Boycott Divestment and Sanctions against Israel. And read each word of her amazing speech, which has already been translated into three four languages:

Aug 23 12:08

Clashes in Chile, as thousands of students march demanding education reform

Police in Chile used water cannons and tear gas in Santiago as they clashed with outraged students demanding the government to speed up the process of national education reform. Tens of thousands took to the streets to join the largely peaceful protest.

Aug 23 11:13

Israeli F-16 Missile Attacks Venezuelan Humanitarian Aid Mission in Gaza

Venezuelan ambassador to Egypt, Juan Antonio Hernandez, said Wednesday that an Israeli aircraft attacked the Venezuelan humanitarian delegation in Rafah along the border post between Egypt and Palestine. The delegation was delivering twelve tons of aid to the Palestinian people. No one was injured during the attack.

The F-16 airplane dropped a missile very close to the humanitarian site, though it did not explode. The ambassador confirmed that the missile fell approximately 50 to 70 meters from the site.

El Universal reported that Roni Kaplan, the spokesperson of the Israel Defense Forces, asserted that “there was no attack by the Israeli forces on the Egyptian side of Gaza. The air force has not attacked nor launched sound bombs to any humanitarian convoy on its way to Gaza from Egypt.”

Webmaster's Commentary: 

We know when an Israeli Military Spokesperson is lying; they open their mouth...and words come out of it.

Aug 23 06:25

Buggered by Obama, European bootlickers bankrupt their own economies

In a word, by submitting to Washington’s doctrine of permanent wars, Europe eschews the only road out of permanent crisis: peaceful co-existence. The mega-buggers in Washington and the bootlickers in Europe have chosen sanctions over trade and destruction over prosperity. They are paying a price: domestic unrest, displacement from markets by emerging economies and the ascendancy of chaos as a way of life in Western Europe.

Italy faces the reality of a decade of stagnation.

Portugal’s economy crashes and crawls.

Germany’s manufacturing machinery grinds to a halt.

Finland’s ‘principled’ brown-nosing boomerangs.

England is converted into a money-laundering bankers’ city-state where one-third of its children live in poverty.

Poland consumes itself, drunk with weapons and rotting appl

Aug 22 07:38

Clashes in Chile as thousands of students protest lagging education reform

Police in Chile used water cannons and tear gas in Santiago as they clashed with outraged students demanding the government to speed up the process of national education reform. Tens of thousands took to the streets to join the largely peaceful protest.

Aug 22 07:26

48 suspicious banking deaths

With the global financial system heading towards a major crash in the near future are these people buckling under the pressure of what they see coming or are they being silenced because of what they know?

We can only assume it’s a little of both.

Our advice is if JP Morgan offers you a job: politley decline. The list of top level bankers dying under suspicious circumstances has been growing rapidly in recent months.

Whether these are genuine deaths or something more sinister one thing is for certain, banking is becoming one of the most dangerous industries to be involved in right now with an extremely high death per employee ratio.

Aug 22 06:59

Why such hype about the Michael Brown killing?

I dislike ultra-racism, hyper-ethnic chauvinism and plastic patriotism as much as the next person.

Introspection is a noble value; criticizing one’s own people when they do wrong is a righteous thing in the same way that parents who admonish their children when they misbehave are trying to help, not hurt, their children.

Defending one’s own simply by virtue of their race, culture, nationality or religion is a negative attribute, and leads to extreme narcissism, nepotism and other nasty expressions.

But I also believe in honest and fair treatment, and that is scarcely to be found on the issues of race, racism and ethnocentrism.

Aug 21 14:39

Argentina Peso Collapses At Fastest Pace In 8 Months, Hits Record Low

Since President Kirchner unleashed her 'cramdown' plan for Argentinian debt, the Peso has collapsed at the fastest pace since January's devaluation.

Aug 21 11:02

And Now… Former CIA Officer: ‘A Lot of Communication’ Between ISIS, Mexican Cartels

So what you have here is some sort of scam designed to get Americans to accept a “solution” that wouldn’t be accepted under anything like normal circumstances. The poor immigrants are being used as props.

Aug 20 06:37

Bolivia Declares Israel a Terrorist State!

I may buy a Bolivian flag for my room

Aug 17 10:54

Argentina's Financial Collapse

A 2001 documentary that covers the financial collapse in Argentina from the perspective of the Argentinians who suffered during it – many losing their life savings. It chronicles the history of loans and the ensuing debt slavery that much of South America has been under for more than a century.

Aug 15 08:31

Massacre Announced: Brazil PM to evict 20K people in $6.5B land grab

20,000 people in Belo Horizonte, Brazil, are to be attacked by 10,000 military police and evicted from their homes in a land grab mega-operation intent on creating a 6.5 billion dollar profit. 8,000 families will have their houses be demolished, and be thrown into total poverty and homelessness. The military police’s operation is illegal, there is not even a court decision yet for the mass eviction, and the state has not and does not intend to provide alternate housing. Police are simply interested in clearing the land from the 20,000 inhabitants so that real estate can turn it into profit.

Aug 15 05:09

Mourning Rubble for Gaza

I hoped that some might find value in this.

When darkness overcomes us

And Hope lies in the past

What in our hearts sustains us?

How do we make love last?

When our weakness overwhelms us,

And we watch as children die,

How can we breathe this still foul air?

What makes us even try?

Read more...

Aug 15 00:38

Second illegal immigrant wave of 30,000 coming in September, October

A second wave of some 30,000 unaccompanied illegal minors from violence-ravaged Central American nations is expected to swamp the U.S.-Mexico border in September and October, a crisis that could be worse than the one that has already pushed 62,000 children into the U.S., according to a top immigration group.

Aug 13 18:41

The mammoth global “free trade” agreement you’ve never heard of

'It is astounding that at a time when we are still reeling from the devastating consequences of reckless financial deregulation, our governments are negotiating further deregulation of the financial sector, solely in the interests of large financial corporations.'

Here's what we know: Fifty countries, including the United States, the EU nations, Australia, Canada, Hong Kong, Japan, Switzerland, Taiwan, and Turkey, have been in TISA talks since 2012. The resulting agreement will set the terms for almost 70 percent of global trade in “services”: everything from banking and construction to telecom and tourism.

The public got its first glimpse of the treaty on June 19, when WikiLeaks published a draft of the agreement's chapter on financial services. It wasn't pretty.

READ FULL ARTICLE: http://inthesetimes.com/article/17065/tisa_tpp_and_ttip

Aug 13 18:27

Cry for Argentina: Fiscal Mismanagement, Odious Debt or Pillage?

Ellen Brown
Activist Post

Argentina has now taken the US to The Hague for blocking the country’s 2005 settlement with the bulk of its creditors. The issue underscores the need for an international mechanism for nations to go bankrupt. Better yet would be a sustainable global monetary scheme that avoids the need for sovereign bankruptcy.

Argentina was the richest country in Latin America before decades of neoliberal and IMF-imposed economic policies drowned it in debt. A severe crisis in 2001 plunged it into the largest sovereign debt default in history. In 2005, it renegotiated its debt with most of its creditors at a 70% “haircut.” But the opportunist “vulture funds,” which had bought Argentine debt at distressed prices, held out for 100 cents on the dollar...

Aug 13 11:38

Brazil presidential candidate Campos killed in plane crash

Campos' private jet crashed in bad weather as it prepared to land in the coastal city of Santos, just south of Sao Paulo, killing all seven people on board, the Sao Paulo state fire department said. Television images showed smoke billowing from the crash site in a residential area.

Campos, 49, was in third place in recent polls with the support of about 10 percent of voters. While he was not expected to win the Oct. 5 vote, he was perceived by some as the most market-friendly of the three main candidates and his death will set off an intense, if respectful, scramble for his supporters in a tightening election.

Aug 13 02:42

Boycott Israel: Now More Than Ever

It bears repeating. Committed ordinary people can make a difference. It’s the only way constructive change is possible. Bottom up alone works. Never top down. Israel’s day of reckoning awaits.

For many decades, Israel waged genocidal war against millions of defenseless Palestinians with impunity.

Accountability is long overdue. High crimes against peace were committed. Culpable Israeli officials must be punished to the full extent of the law.

The global boycott, divestment and sanctions movement for freedom, justice and equality works. Applying them with stepped up teeth more than ever is vital.

Aug 12 21:47

Latin America will not bow to EU pressure, will tighten ties with Russia

The EU is reportedly planning to put pressure on Latin America to stop it from boosting its agricultural exports to Russia. In response to sanctions, Moscow imposed a food embargo on a range of EU products, and countries like Brazil and Chile are being canvassed to step in and fill the gap.

Aug 12 08:23

Flashback: Los Zetas Kingpin: We Bought Guns Directly From U.S. Government

related: The chief of the Criminal Division of the U.S. Attorney’s Office in Arizona is refusing to testify before Congress regarding Operation Fast and Furious http://12160.info/profiles/blogs/the-chief-of-the-criminal-division-of...

Aug 09 17:36

Hey Israel STOP the Genocide in Gaza — Worldwide protests

In Photos: Worldwide protest against Israeli attack on Gaza (Updated)
by Annie Robins

Comment: Annie Robbins:
Occupier, I fully support non violent resistance. however, in the face of the violent genocidal intent of the occupier and the actions taken to ignite this latest round of violence (WB pogroms, killings, destruction, arrests detainment no doubt leading to torture) i think Palestinians should be able and willing to defend themselves and be proud of their achievements, efforts to protect themselves under siege, oppression. that includes procuring weaponry.

Aug 09 07:24

Traumatized Gazan children arriving to Venezuela this weekend

Venezuela's Foreign Minister Elias Jaua estimated this weekend, that the first Palestinian children, who are victims of Israeli aggression will be arriving to Venezuela. The children will be housed at shelters, made available by Venezuelan President Nicolas Maduro.

Aug 08 12:59

Ecuador to open embassy in 'Palestine', president cancels visit to Israel

Foreign minister announces plans to open embassy for delegation now in Ramallah, 5 South American countries recall ambassadors to Israel.

Aug 05 07:13

Latin America: 3 more nations recall Israel envoys

A total of five Latin American governments had recalled their ambassadors to Israel as of July 29 in an escalation of diplomatic protests against an operation the Israeli military had been carrying out in the Palestinian territory of Gaza since July 8. With the Palestinian death toll passing 1,500—including more than 300 children--centrist and even rightwing Latin American governments started joining left and center-left government in distancing themselves from the main US ally in the Middle East.

Jul 30 14:18

Argentina placed into ‘default’ rating as debt deal deadline expires

Argentina’s credit rating was downgraded to “selective default” by Standard & Poor’s as the South American country missed Wednesday’s deadline for a grace period during ongoing negotiations with holdout debt holders.

Wednesday is the cutoff for Argentina to make good on a $539 million payment to bondholders, which was placed on hold by a US judge’s order tying that payment to ongoing litigation by vulture funds which refused the country’s original cents-on-the-dollar debt restructuring offer.

Analysts generally do not believe that a default by Argentina will have the same consequences as in 2001.

Jul 29 10:28

China, Japan and Russia zero in on Latin America

The leaders of China, Russia and Japan all descended on Latin America in recent weeks, jostling with the United States to increase their influence, invest and tap into resource-rich markets.

The latest arrival was Japanese Prime Minister Shinzo Abe, who on Monday was in Trinidad and Tobago, the second stop on a five-country tour that began on Friday in Mexico.

Abe’s visit began just as Chinese President Xi Jinping wrapped up his tour, which included stops in Brazil, Argentina, Venezuela and Cuba. Xi signed more than 100 trade agreements on the trip.

Russian President Vladimir Putin was in the region for a week from July 11, stopping in Argentina, Brazil, Nicaragua and Cuba.

The United States remains Latin America’s top trade partner, but gone are the days when Washington could take the region for granted as its backyard.

Webmaster's Commentary: 

As this economic evolution continues, particularly with Russia and China, watch the US dollar get dumped in favor of direct trade in the yuan and ruble.

Jul 25 14:17

Israel calls Brazil a ‘diplomatic dwarf’ – and then brings up World Cup humiliation

In a statement on Wednesday, Brazil condemned what it said was a "disproportionate use of force" by Israel in its Gaza Strip offensive by pulling out its ambassador from Tel Aviv for "consultation." The country is the second country to recall its ambassador from Israel; Ecuador did so earlier in the week.

At first, the official reaction from Israel appeared sanguine. "Brazil is a friend, but we think its position is not balanced," Israel's general consul in São Paulo, Yoel Barnea, said according to the Wall Street Journal, adding that Israel should have a right to defend itself from the thousands of missiles being fired at it by Hamas and other Palestinian groups.

Jul 19 09:25

Chinese leader woos Latin America with deals

China's president pressed a charm offensive with Latin America on Thursday, signing deals with Brazil, meeting regional leaders and proposing a $20 billion infrastructure fund that highlights Beijing's growing interests in the region.

President Xi Jinping was greeted with a military honor guard in Brasilia by President Dilma Rousseff before overseeing the signing of a raft of agreements during a state visit.

Xi then met behind-closed doors with a dozen Latin American and Caribbean leaders, including Cuba's communist President Raul Castro.

After the summit, Rousseff said China proposed the creation of a $20 billion fund to finance infrastructure projects in Latin America and the Caribbean.

Webmaster's Commentary: 

I guess Obama will have to shoot down a passenger jet near China so he can start pushing for sanctions there as well!

Jul 19 09:24

BRICS meet South American leaders after bank deal

The BRICS group of emerging powers met Wednesday with South American presidents as they justified the creation of a development bank seen as an alternative to Western-dominated global financial organizations.

Jul 19 09:23

BRICS to launch bank, tighten Latin America ties

Brasilia (Brazil) (AFP) - The BRICS group of emerging powers will launch its own development bank at a summit next week, using its growing influence to establish a counterweight to Western-dominated financial organizations.

Jul 14 16:49

‘World is still livable due to BRICS counterbalancing West’

The West is now starting to move to its final decay, with the Russia-China alliance becoming stronger, offering Latin America and other regions a multipolar model of the world, author and international consultant Adrian Salbuchi told RT.

Jul 11 11:47

Argentineans hold protest at Israel embassy in Buenos Aires

Muslim and Arab organizations have gathered outside the Israeli embassy in the Argentine capital Buenos Aires to express outrage at Tel Aviv’s ongoing atrocities against the Palestinians, Press TV reports.

The Palestinian Federation of Argentina and the Argentinean Islamic Organization gathered during a rally in Buenos Aires to express solidarity with the Palestinians who are living under continual harassment by the Israeli government.

Jul 09 13:48

U.S. officials played a role in Chilean killings following 1973 coup, says Chilean judge

It happened 41 years ago, but the aftershocks of an event known in Chile as “el once” continue to reverberate still.

Pronounced “el own-say,” the phrase means “the eleventh,” and it refers to the military coup on September 11, 1973, that overthrew the democratically elected government of Marxist president Salvador Allende, replacing it with 17 years of harsh dictatorial rule under Gen. Augusto Pinochet.

You may have seen the 1982 movie about the coup and its aftermath, entitled Missing, directed by Constantin Costa-Gavras, and starring Jack Lemmon and Sissy Spacek.

The film depicts events surrounding the capture and execution of two Americans – Charles Horman, 31, and Frank Teruggi, 24 – a crime carried out by Chilean security forces in the wake of the U.S-backed coup.

Jul 08 09:08

Russia approves creation of BRICS foreign exchange fund

The Russian Government signed a draft agreement on the creation of a $100 billion pool of currency reserves that the BRICS countries are forming to guard against financial shocks. According to the document, the countries’ dollar reserves will remain on the balance sheets of their central banks. However, these reserves can be made available at the request of one of the parties.

Webmaster's Commentary: 

2015 looks as though it will be a very nasty year for the US dollar.

Jul 06 06:55

Bolivia Passes Law To Allow 10-Year-Olds To Work

Bolivia's Congress has passed legislation to allow children as young age 10 to work as long as it does not interfere with their education and is done independently to help the child's family make ends meet.

Webmaster's Commentary: 

"....as long as it does not interfere with their education", MY ASTROLABE!!

A 10 year old kid who is doing hard physical labor will be exhausted by the time they get to school, may not be able to pay attention in class, and may well get thrown out of school, because they cannot focus, and are irritable.

But hey, Bolivian corporations got precisely what they wanted from this bill, and will be doing the happy dance henceforward; child labor is back, baby!! And back with a vengeance in Bolivia.

Jul 02 10:18

Venezuela, Is The Mutiny Underway Against Maduro?

As if Venezuela's 1,001 endemic problems (economic and social, corruption, crime and state repression) were not enough. Now the socialist government of President Nicolás Maduro faces mutiny in its own ranks, which highlights — not for the first time — the difference in charisma and authority between Venezuela's late leader Hugo Chávez, and his successor.

The impact of Maduro's declarations, made days ago in a vigorous speech to members of the United Socialist Party of Venezuela (PSUV), have yet to be seen. Speaking in combative terms, he declared that "nobody will take us away from the work Commander Chávez bequeathed us [...] neither the subversive Right nor the outdated Left."

He dismissed his critics as being "disloyal" elements, who had "failed, one and all, when they were ministers."

Webmaster's Commentary: 

OF course, this article does not even begin to bring up the issue of consistent US governmental efforts to destabilize this government for years, and bring into being a government more to its liking, and definitely more US-government-centric.

Jun 30 09:13

Argentina Must Pay $539 Million Today - Default Imminent

Argentina is poised to miss a bond payment today, putting the country on the brink of its second default in 13 years, after a U.S. court blocked the cash from being distributed until the government settles with creditors from the previous debt debacle.

Jun 26 06:47

1000s of homeless Brazilians protest in Sao Paulo

Thousands of homeless people have held a protest against their poor living conditions in Brazil’s largest city, Sao Paulo, as the South American country hosts the 2014 FIFA World Cup.

Jun 24 06:39

Envoy: Venezuela Ready to Become Iran's Exports Hub in Latin America

"Venezuela is ready to turn into a center for Iran's technological exports to other Latin American states," Zambrano told FNA on Tuesday.

He referred to the attempts made by the western countries, specially the US, to prevent Iran from increasing its exports to other states, and said, "Yet, the United States' extensive sanctions against the Islamic Republic of Iran haven’t been able to prevent exports of Iran-made technology and products to the other world states."

Zambrano underscored that Washington has exerted sanctions and pressures against Tehran because the US officials are fearful of Iran's growing technology and export of its home-made technological products to the other world regions.

Iran has in recent years expanded friendly ties with Latin America, specially in economic, trade and industrial fields.

Jun 19 08:59

Argentina says next bond payment 'impossible', default looms

Argentina threatened to default on its debt on Wednesday when the government called it "impossible" to pay bond service due on June 30, citing a U.S. court decision earlier in the day that increased pressure on the economically ailing country.

Buenos Aires is locked in a 12-year legal fight with creditors who refused to participate in two restructurings that followed Argentina's 2002 default on $100 billion in bonds.

Webmaster's Commentary: 

I wonder how many people bought credit default swaps on Argentina's debt?

What Argentina ought to be doing is looking for acts of economic sabotage by US intelligence agencies intended to prevent them from being able to repay their loans, to keep them under control and seize their real assets. This was a very common trick of the US in South America all during the 1970s and 1980s. It would work like this. Loan a country so many millions of dollars to develop their coffee industry, then introduce a parasite that wrecked the coffee plants so the loans could not be repaid, then demand political and economic concessions, and transfer of public assets into private hands.

If Argentina could document just one such incidence of sabotage, then they could declare the whole debt fraudulent.

Jun 17 10:17

Risk of new Argentinian debt default after vulture fund verdict

President Cristina Fernandez says Argentina can’t possibly comply with U.S. court orders to pay $1.5 billion in cash to winners of a decade-long debt dispute, the position her country was left in Monday when the U.S. Supreme Court refused to hear her government’s final appeal.

Delivering a nationally broadcast address Monday night, Fernandez expressed willingness to negotiate, but said there is simply no way that Argentina can pay in cash, in full, starting just two weeks from now, which is what the U.S. courts have ordered.

“What I cannot do as president is submit the country to such extortion,” Fernandez said.

Under the U.S. court orders, Argentina must hand over $907 million to the plaintiffs, or lose the ability to use the U.S. financial system to pay an equal amount due June 30 to holders of other Argentine bonds.

Webmaster's Commentary: 

This decision may well plunge the Argentinian economy into complete chaos.

Jun 17 05:51

Argentina: Won’t submit to U.S. ‘extortion’ on debt

Argentina's president is refusing to go along with a U.S. judge's ruling requiring a $1.5 billion repayment of defaulted bonds, even though the U.S. Supreme Court rejected her government's appeals and left the order in place.

In a national address Monday night, Cristina Fernandez repeatedly vowed not to submit to "extortion," and said she had working on ways to keep Argentina's commitments to other creditors despite the threat of losing use of the U.S. financial system.

Jun 10 10:08

No Drinking Water In Venezuela Until Bankers Get Paid Back

2013 was a good year for Goldman Sachs investments in Emerging Markets, most notably Venezuelan bonds (as they bet on socialism and won). A year later and Goldman's EM debt portfolio is still loaded with Venezuelan bonds... and the arrears are mounting. As Bloomberg reports, at a time when Venezuela’s record $25 billion in arrears to importers has its citizens waiting hours in line to buy drinking water and crossing borders in search of medicine, President Nicolas Maduro is using the nation’s dwindling supply of dollars to enrich bondholders.

By putting off the local companies responsible for supplying everything from diapers to cancer medications, Maduro can preserve access to debt markets and protect oil shipments that would be vulnerable to bondholder seizure, said Alejandro Arreaza, an analyst at Barclays. Even if that means fanning the world’s fastest inflation and inflaming protests over shortages that have left at least 42 people dead since February.

Webmaster's Commentary: 

Absoflippinglutely unbelievable!!

Jun 09 10:30

Sao Paulo subway workers defy court order, prolong strike before World Cup opener

Sao Paulo subway workers ignored a court ruling Sunday and extended a strike threatening to cause traffic mayhem at the World Cup’s opening game in Brazil’s biggest city.

The subway staff’s union voted to press on with the strike hours after a labor court ruled it was illegal and imposed a $222,000 fine for every day they fail to work.

The strike has already caused massive traffic jams in the business hub of 20 million people as the city’s new stadium prepares to welcome more than 60,000 fans for Thursday’s Brazil-Croatia game.

The ruling came as more teams arrived in Brazil, with Germany greeted by several hundred people at its northeastern base and England landing in the picturesque city of Rio de Janeiro.

Eighteen of the 32 teams are now on the ground, but the chaos gripping Sao Paulo — the latest in a wave of strikes and protests ahead of the tournament — has distracted the usually passionate footballing nation from the World Cup buildup.

Webmaster's Commentary: 

With things so bad for most people in Brazil, the Brazilian government made a very lousy decision regarding negotiating to hold the Worlds Cup here.

Knowing how much money was spent for the privilege of so doing, the Brazilian people are fed up, and have every reason to be fed up.

The Brazilian government needs to be very careful, and sensitive right now; otherwise, they just may well have a revolution on their hands in the middle of the World Cup, a double-plus ungood thing to have happen.

Jun 07 07:32

Sao Paulo police use tear gas on protesters six days before World Cup opener

Police in Sao Paulo fired tear gas and beat back striking workers with batons during a subway strike that has caused chaos in the Brazilian city just six days before it hosts the opening match of the World Cup.

Jun 04 09:36

Brazil: Anti-FIFA anger reaches fever pitch in Goiania

Hundreds of demonstrators gathered in Goiania on Tuesday to protest against the upcoming FIFA World Cup. A heavy police presence including mounted officers and military police officers (PMGO) was deployed to the protest.

Protesters were chanting slogans against government spending on the upcoming World Cup and FIFA as they marched from Praca Civica to Serra Dourada Stadium, where the Brazil national team was playing a friendly against Panama.

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA