Vultures loss of control over Argentina drives them Wild!

Original image by Marc Aert - modified by CNLib / freedigitalphotos.net *

Original image by Marc Aert – modified by CNLib / freedigitalphotos.net *

…a small group of financiers runs the rest of humanity,
a group known as ‘vulture funds,’
obtained debt instruments at absurdly low prices… (1)

¨the Argentine Senate passed by a vote of 39-27
the proposed bill for a new debt swap, that will take place
outside of U.S. jurisdiction(2)

***

World countries by Standard & Poor's Foreign Rating by NovaNovaBn adapted by CNib / Wikimedia *

World countries’ Debt Rating – 2011 (Standard & Poor’s) by NovaNovaBn adapted by CNib / Wikimedia *

What is going on?

On the one side, are the unscrupulous mega-speculators, whose greed is insatiable, and who are part of the Anglo-American-dominated imperialist grouping, those attempting to establish a world empire. Part of this is the 24/7 spying on citizens by the NSA and the GCHQ, as well as the Transatlantic Trade and Investment Partnership (TTIP), which would give all power to the multinationals and the “Too Big To Fail” banks, at the expense of the right of sovereign governments to protect the general welfare of their citizens. It also includes the eastward expansion of NATO and the EU, the strategy of encirclement of Russia and China, and the acute danger of a third, thermonuclear world war, which could wipe out the human race.

One of the hedge funds, NML Capital Fund, is demanding a payment of $832 million on the bonds it purchased in default at the scrap price of $48.7 million only six years ago — a profit of 1,608%! That would force Argentina into bankruptcy, and could very well trigger a systemic crisis of the global financial system. (…) Argentina has made it clear in an international advertising campaign, that it is paying and will continue to pay, but under conditions that do not kill off its own population and economy. (3)

Argentina Sues U.S. In World Court To Stop Vulture Fund TheRealNews 

… this small group of vulture funds is endangering not only Argentina—because if it were only Argentina it might not matter much to the world, a country lost at the bottom of the South American continent wouldn’t matter much to them. But in reality what is at stake is the international financial system, and the international economic system more than the financial system.

Argentina has repeatedly warned that such a ruling could lead to an overall default on their debt. In point of fact, the ruling threatens to bring down the entire trans-Atlantic financial system in an orgy of predatory looting of nations, their populations, and their resources. (4)

In this life or death battle, Lyndon LaRouche said, Argentina:

“cannot capitulate, it cannot possibly. Uruguay has joined them—they’re going to block. We probably will have throughout the entirety of South America, more or less the totality is going to block. This is going to be an international block (…) Because Argentina cannot submit: it would become extinct (…) Most of South America realizes that. They must support Argentina. Not for the sake of Argentina, but for the sake of the entire continent.” (5)

 ***

Vultures Loss of Control Over Argentina Drives Them Wild

LPAC
September 6, 2014

The consolidation of Argentina’s alliance with China and the BRICS nations, which provides it options for its own defense, is driving the Empire’s vultures to ever greater heights of hysteria, as they realize they are losing control.

See: THE BRICS SUMMIT: Half of Humanity Launches a New World Economic Order

The desperate American Task Force Argentina (ATFA), the vulture fund lobby group financed by billionaire Paul Singer, issues frenzied press releases almost daily, smearing President Fernandez, warning that the country is on the verge of economic catastrophe, and continuing to lie, as recently as Sept. 3, that China will renege on its promised loans to, and investments in Argentina, because the country is said to be in “default.”

On Aug. 29, Chinese government officials clearly stated that loans and investment agreements signed by President Xi Jinping during his July 18-21 state visit to Argentina, are totally solid, and added that China will not collaborate with the vulture funds’ fishing expedition seeking information on those investments, in an effort to seize assets.

Nor are the vultures making headway in their case in Judge Thomas Griesa’s court, where Argentina refuses to capitulate. Moreover, on Sept. 3, the Argentine Senate passed by a vote of 39-27 the proposed bill for a new debt swap, that will take place outside of U.S. jurisdiction, and it is expected to pass the House on Sept. 9 and quickly become law. In a Sept. 3 teleconference in Buenos Aires organized by ATFA, NML Capital’s lawyer Robert Cohen sputtered that the bill is a “blatant violation” of Griesa’s rulings, and warned that “we will take the correct steps to ensure that this plan is not implemented.”

NML, Aurelius Capital Management and Olifant vulture funds intend to go into the Sept. 10 hearing called by Judge Griesa with guns blazing, demanding two things: the embargo of the $539 million that Argentina had deposited on June 27 in Bank of New York-Mellon to pay bondholders; and that Argentina be declared in contempt of court. According to the financial website Ambito.com, there is no guarantee Griesa will comply, as he is said to be reluctant to take a step as dramatic as seizing the $539 million, reportedly still hoping for a negotiated solution.

References:

1. A Case Study In Sovereignty: Argentina & the Bankruptcy of the Financier Oligarchy, June 27, 2014
2. Vultures Loss of Control Over Argentina Drives Them Wild, LPAC, September 6, 2014
3. Urgent Appeal to the Governments of Europe: Do You Support Argentina or the Criminal Speculators?, LPAC, July 1, 2014
4. A Case Study In Sovereignty: Argentina & the Bankruptcy of the Financier Oligarchy, June 27, 2014
5. LaRouche: The Attack on Argentina Means the British Empire’s Bail-in Policy Is in Full Play Now, LPAC, June 24, 2014

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