SOUTH AMERICA

Oct 20 22:41

These Activists are Risking Their Lives and Using High-Tech to Stop Illegal Logging in the Amazon

Waking Times

Every night empty trucks disappear into the Brazilian Amazon, they return laden with timber. This timber —illegally cut —makes its way to sawmills that sell it abroad to places like the U.S., Europe, China, and Japan using fraudulent paperwork to export the ill-gotten gains as legit. These findings are the result of a daring and dangerous investigation by Greenpeace-Brazil that had activists hanging out with truckers and illegal loggers, all the while surreptitiously tagging trucks with GPS locator beacons. The high-tech equipment allowed the organization to track where the logging trucks went.

Oct 20 11:17

Rothschilds Target Brazil’s Central Bank

• Zionist-controlled banking community using “first black president” to push agenda on world’s workers.

International bankers are financing Brazilian Socialist Party presidential candidate Marina Silva against Brazil’s current president, Dilma Rouseff, in an effort to privatize the Central Bank of Brazil and bring it further into the Rothschilds’ financial empire.

Oct 19 00:45

Top Venezuelan Legislator Calls for Investigation of NGOs funded by USAID

President of the Venezuelan National Assembly Diosdado Cabello accuses USAID of funding opposition groups.

Oct 16 12:15

Venezuela elected to UN security council

The daughter of Hugo Chávez is set to play a more prominent role in international politics after Venezuela was elected to the UN security council.

María Gabriela Chávez is Venezuela’s deputy ambassador at the UN mission. The country garnered 181 votes from member states to secure one of five rotating seats at the security council. Angola, Malaysia and New Zealand were also successful, and Turkey and Spain will face a new round of balloting to decide who takes the last available seat.

Webmaster's Commentary: 

I think the Presidents of Turkey and Spain ought to have a wrestling match for that seat. Best three falls out of five takes it!

Oct 14 08:21

Mexico violence flares as fury grows over fate of missing students

Hundreds of students and teachers have smashed windows and started fires inside a state capital building in southern Mexico, as fury erupted over the disappearance of 43 young people believed to have been abducted by local police linked to a drug cartel.

Oct 14 07:11

Venezuela Poised to Win Security Council Seat

No nation is more deserving. None less so than America. Bolivarian social justice warrants representation.

Permanency would be ideal. So voiceless interests are heard. Imperial ones opposed.

Right over wrong forthrightly supported. Views needing to be heard expressed on a world stage.

America, Britain, China, France and Russia are permanent Security Council members.

Each year, General Assembly members choose five new non-permanent members. They replace current ones stepping down.

Seats are apportioned regionally. Five for African and Asian states. One for Eastern European nations.

Two for Latin American and Caribbean countries. Two for Western European and other states.

On Wednesday, Venezuela will learn if it's chosen to represent its region.

Oct 14 05:16

US sanctions against Russia is economic terrorism – Morales

US sanctions against Russia can be considered as economic terrorism, in the opinion of acting Bolivian President Evo Morales.

Oct 13 14:54

Police attack protests for indigenous rights in Chile

The protest ended with violent attacks by police, on the anniversary day of the Colombus' invasion of the Americas, and the beginning of a strong indigenous resistance that has still not been fully recognized in many countries of the continent.

Oct 13 13:56

Bolivia elects Evo Morales as president for third term

Evo Morales has coasted to victory in Bolivia’s presidential elections, winning an unprecedented third term as voters rewarded the former coca grower for delivering economic and political stability.

Oct 11 14:16

Judeo-American imperium manipulates Canada into farcical ISIS quagmire

Like a blind mule,Canada has been led by the nose into nearly all of America’s militarist incursions in the Middle East and everywhere else the US imperium decides to plant its seed of destruction. Canadian troops, like their American and European counterparts, are essentially globalist cannon fodder, shipped halfway across the planet to fight unwinnable wars against bogus enemies manufactured in the propaganda caverns of the Pentagon.

On October 7 the Canadian parliament, effectively operating under the Stalinist dictatorship of Stephen Harper’s Neoconservative Party, voted to join the farcical US-led anti-ISIS campaign in Iraq and Syria.

Oct 10 06:41

Echoes of Pinochet's Chile - Mass protests in Mexico over missing students

Thousands of people have held protests in cities across Mexico against the disappearance of students in the southern town of Iguala last month.

Oct 10 06:39

WAS GARY WEBB SUICIDED TO KILL NEW BOOK?

The movie Kill the Messenger on Gary Webb debuts in movie theaters across the United States today. Questions still remain as to whether the Pulitzer Prize-winning journalist, who was betrayed by his colleagues for his brave investigative work, wasn’t “suicided” by the very forces whose crimes he endeavored to expose.-JFT

Oct 09 06:03

Terrorism and Assassinations in Venezuela

Last Friday, the centre of Caracas was filled with thousands of mourning citizens as they accompanied two flag draped coffins loaded with flowers they had cast upon it in homage.

If a Member of Parliament representing the Venezuelan opposition had been brutally tortured and stabbed to death in his own home, the Western press –including Canada’s- would have splashed the news in headlines around the world.

Yet this has just happened to a Member of Parliament from the governing party of Venezuela, but the international press is mostly silent. International politicians have not wrung their hands with indignation or regret, as they have about the lawful incarceration of opposition leader Leopoldo López who publicly and repeatedly incited mobs to violence and caused has at least 47 deaths.

Oct 08 13:30

Suspect held for planned attack on Jewish center in Buenos Aires

Argentinian anti-terror police on Wednesday arrested a man suspected of planning to attack a Jewish community center in Buenos Aires.

Oct 07 08:03

Mysterious Outbreak of hemorrhagic fever Syndrome in Venezuela kills Ten

An outbreak of a mysterious hemorrhagic fever syndrome in the Venezuelan state of Aragua and the country’s capital Caracas has left ten people dead in the last three weeks. Reports indicate that nine people have so far succumbed to the disease in the northern state and a tenth person has died in the capital.

It is unclear whether the cause of the syndrome is viral or bacterial – a distinction with implications for treatment – although autopsies have indicated that those who died were suffering from other complications, such as Chikungunya.

Venezuelan hemorrhagic fever (VHF) is endemic in the two states of Portuguesa and Barinas, but transmission from person-to-person is uncommon.

While samples have been sent to the Venezuelan National Institute of Health, the results have not yet been released publically and there is no suggestion from health officials that VHF is behind this particular outbreak.

Oct 06 12:53

The Forewarning of Fernández

Fringe critics of Fernández de Kirchner’s address at the UN forget that the fuss about Argentinian debt is but noise.

Oct 05 01:51

Balu Wala, or the Kuna ‘Good Life’: How One Indigenous Tribe is Passing on its Traditions

Waking Times

Balancing the old world and the new, the Kuna people keep their heritage intact

Jesús Smith is sitting at his old wooden desk facing the entrance to his house. He’s hunched over, shirtless, and wearing his chunky reading glasses while writing copious notes by hand — a favorite pastime. When he sees the profile of one of his students, Julio, walking past his doorway, he yells, “Hey! I’ll see you in class tomorrow!”

Oct 03 13:16

Venezuelan Lawmaker Robert Serra Murdered

Venezuelan National Assembly member and ally of Nicolas Maduro Robert Serra was killed on Wednesday at around 10 p.m. Venezuela time, according to government spokespeople.

Oct 03 13:04

Bolivia to spend over $2 bln for peaceful nuclear energy development - Morales

The government of Bolivia will allocate from the country’s budget over $2 billion for the development of the peaceful nuclear energy program, Bolivian President Evo Morales said.

Oct 02 08:07

The End of Evangelical Support for Israel? The Jewish State’s International Standing

How quickly things change. The days of taking evangelical support for Israel for granted are over. As they are increasingly confronted with an evangelical-friendly, anti-Israel narrative, more and more of these Christians are turning against the Jewish state.[1]

A mere decade ago, Christian Zionism was seen as an emerging force in American politics. As if out of nowhere, a block of fifty to one hundred million friends of Israel were poised to enter the national debate and safeguard the U.S.-Israel relationship for generations to come. Evangelical love for Israel appeared so solid that the only debate within the Jewish community was whether or not to “accept” it.

Oct 01 22:44

Argentinian President Cristina Fernandez Says 'Look North' If Anything Happens to Her

The Argentine president slammed the United States saying they are sending "financial and speculative attacks" and wanting a "return to the past, when Argentina was on its knees," in her address to the nation Tuesday evening.

Oct 01 12:06

Argentina president claims US plotting to oust her

Argentinian opposition politicians have accused the country’s president, Cristina Fernández de Kirchner, of being “completely out of touch with reality” after she gave a rambling televised address in which she claimed the US may be behind a plot to overthrow her government and possibly even assassinate her.

“If something should happen to me, don’t look to the Middle East, look to the North,” Fernández said during the address on Tuesday night, in which she alluded to an alleged plot against her by local bankers and businessmen “with foreign help”.

Oct 01 06:46

Argentina's Tax Evaders Detected, Hunted Down By Drones

September 30, 2014 - Argentina doesn't only have Lionel Messi the footballer, it has now also acquired "Mesi" the drone system which monitors undeclared mansions, swimming pools and soy fields to curb tax evasion in the country.

Sep 30 10:20

Raising minimum wage reduces poverty while increasing GDP in Brazil

The Center for Economic and Policy Research (CEPR) released a research paper today that looks at social and economic indicators, as well as policy changes that have occurred since 2003 in Brazil.

“The lives of tens of millions of Brazilians have been transformed by the economic and social policy changes of the past decade,” said CEPR Co-Director Mark Weisbrot, lead author of the paper. “A sharp increase in economic growth, combined with increased social spending, large increases in the real minimum wage, and increased bargaining power for labor allowed for greatly reduced poverty and unemployment, as well as declining inequality.”

“These changes appear to be durable, having mostly withstood the world recession and the slowdown in worldwide economic and trade growth of the past few years.”

Webmaster's Commentary: 

"No, no, no, no, NO! WE are supposed to have all the money! We are doing God's work! You wanna go up against GOD! Huh? HUH??" -- Gold in my Sacks

Sep 29 06:50

Media censor Argentine president’s remarks at UN

The Argentine president questioned countries such as the United States for attacking groups, including the ISIL Takfiri terrorists which Washington previously backed against the Syrian government.

“Where do ISIS (ISIL) and Al-Qaeda take their guns from? Yesterday’s freedom fighters are today’s terrorists,” Cristina Fernandez said, blasting US policies vis-a-vis terrorism.

The ISIL terrorists, who were initially trained by the CIA in Jordan in 2012 to destabilize the Syrian government, control large parts of Syria’s northern territory. The group sent its members into neighboring Iraq in June and seized large parts of land there.

Sep 25 08:40

Where Is Venezuela’s 366 Tonnes Of Gold?

Is any of the country’s gold encumbered, loaned or leased to Goldman Sachs or other banks?

* Bank of America economist on visit to Venezuelan central bank last week was allowed to view the bank’s gold vault and the gold repatriated by Former President Hugo Chavez

* Is there a possibility of this given the Venezuelan economy’s weak position?

* An arbitration court of the World Bank ruled that Venezuela needs to immediately repay $740 million to US mining company ‘Gold Reserve’.

* Repayment is connected to Venezuela having terminated Gold Reserve’s gold and copper mining project in 2009 as part of Chavez’s nationalisation of energy and mining projects

* This ruling could set a precedent for other companies to seek compensation from Venezuelan government during a time in which Venezuelan economy is weak and heavily indebted

Webmaster's Commentary: 

"THAT'LL teach Venezuela to take their gold back from us!" -- Gold in my Sacks

Sep 13 11:18

THE OTHER 9/11 ~~ IN CHILE

The CIA seems to be infatuated with the date ….

Sep 10 08:24

Guatemala rejects 'Monsanto Law' that would have given multinational seed companies control over agriculture

New legislation dubbed the "Monsanto Law" has been roundly rejected by activist groups and citizens in Guatemala, who argue that it has put the nation's food security and farm economy in jeopardy.

The law, formerly called "Law for the Protection of New Plant Varieties," was approved by the Guatemalan congress June 10, but has been widely panned since. Supporters say it is designed to protect the intellectual property of plant breeders who were deemed to have "created" or "discovered" new plant varieties, or who have genetically modified existing varieties.

The law effectively permits "breeders" -- which are typically biotech giants like Monsanto -- to obtain property rights over the use of plant varieties, in the form of both plants and seeds.

Sep 08 21:45

Israeli diplomat arrested in Argentina

An Israeli diplomat, who served as the deputy ambassador, was forcefully arrested by police officers in front of his wife and children. It was only after the speedy intervention of Israel's honorary consul in Cordoba and the district's governor that the diplomat was freed and further drama averted.

Sep 07 09:07

FARC accuses US, UK, Israel in Colombia war

The Revolutionary Armed Forces of Colombia (FARC) has accused the United States, the United Kingdom, and Israel of prolonging Colombia’s guerilla war.

Sep 02 10:01

FLASHBACK - Venezuela quiting the IMF and World Bank

Venezuelan President Hugo Chavez announced on Monday that his country had decided to withdraw from the International Monetary Fund (IMF) and the World Bank.

Chavez made the announcement at an event to celebrate workers’ rights.

Webmaster's Commentary: 

And that was when Hugo Chavez (and all of Venezuela) made the Special High Interest Targets list, because private central banks cannot allow any nation to operate free from their predations or it sets a bad example for the other slaves!!

Sep 02 06:17

To Everyone Saying Russia Is "Isolated", Here's A Map

While NATO is happy to provide Russia with geographical advice, we thought the following map of "the world" will help explain President Obama's increased use of the term "isolated" when it comes to Russia...

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 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 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 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 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 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.

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