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Fitch: Argentina to Default

 
Adventus Domini
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User ID: 893880
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11/28/2012 03:33 PM

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Fitch: Argentina to Default
[link to www.telegraph.co.uk]

Fitch downgrades Argentina and predicts default

Credit rating agency Fitch has downgraded Argentina, which is locked in a court battle in New York over its debt, and said the country would probably default.

Fitch cut its long-term rating for Argentina to "CC" from "B," a downgrade of five notches, and cut its short-term rating to "C" from "B". A rating of "C" is one step above default, AP reported.

When the going gets weird, the weird turn pro.
Anonymous Coward
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11/28/2012 03:41 PM
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Re: Fitch: Argentina to Default
Where did I read that a South American country would go bankrupt...

...just prior to Mexico going bankrupt... (Are they next?)

...Then it's the U.S.???
Adventus Domini (OP)

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11/28/2012 03:43 PM

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Re: Fitch: Argentina to Default
Where did I read that a South American country would go bankrupt...

...just prior to Mexico going bankrupt... (Are they next?)

...Then it's the U.S.???
 Quoting: Anonymous Coward 1492996


Thanks for the reminder. It seems I remember reading something about that as well -- possibly a prophetic statement of some kind. I'll try to run that one to ground.
When the going gets weird, the weird turn pro.
Adventus Domini (OP)

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11/28/2012 03:44 PM

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Re: Fitch: Argentina to Default
Meanwhile in Greece:

[link to www.telegraph.co.uk]

Eurozone reaches deal for third Greek bail-out

Eurozone finance ministers finally reached a deal over Greece's debt burden, enabling the release of its latest tranche of rescue funds.

Markets breathed a sigh of relief as eurozone finance ministers finally reached a deal to keep Greece afloat through what was dubbed “bail-out number three”.

When the going gets weird, the weird turn pro.
Anonymous Coward
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11/28/2012 03:46 PM
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Re: Fitch: Argentina to Default
Oh yeah right.

Short Argentina today
Long Argentina tommorow

Just wait till they appoint another Chicago or Harvard student as head of the Argentina Central Bank.
Anonymous Coward
User ID: 961432
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11/28/2012 03:52 PM
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Re: Fitch: Argentina to Default
Eurozone finance ministers finally reached a deal over Greece's debt burden, enabling the release of its latest tranche of rescue funds.


 Quoting: Adventus Domini


Greece is the poster child of sovereign welfare, they are on Euro Foodstamps.
Adventus Domini (OP)

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11/28/2012 03:57 PM

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Re: Fitch: Argentina to Default
Where did I read that a South American country would go bankrupt...

...just prior to Mexico going bankrupt... (Are they next?)

...Then it's the U.S.???
 Quoting: Anonymous Coward 1492996


Thanks for the reminder. It seems I remember reading something about that as well -- possibly a prophetic statement of some kind. I'll try to run that one to ground.
 Quoting: Adventus Domini


I found a prophecy given by David Wilkerson. I don’t propose this to be either true or false, just a data point, and that is all.

[link to www.thepropheticyears.com]

About two weeks after the first country [European or North African or Eastern nation] goes bankrupt -- we are going to survive that because most of that money is owed to European banks; German, Swiss and French banks -- the second country is going to go down, probably Argentina or Brazil ...

Last Edited by Adventus Domini on 11/28/2012 04:18 PM
When the going gets weird, the weird turn pro.
Anonymous Coward
User ID: 1492996
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11/29/2012 07:40 AM
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Re: Fitch: Argentina to Default
...But two weeks after the first country goes down, Mexico is going to default on $100 billion. And When the banks open the next day at 9:00 am in the morning $15 billion an hour is going to be withdrawn from our American banks.

In the stock market, when I could see trends, my direction was right, but my timing was always off... I always saw it sooner than it really was.. Sometimes I was off by weeks/months.

In any case... the point is, timing is a difficult thing to perceive from where we are and in this case, it looks like "two weeks" may be 2-4 months?
Adventus Domini (OP)

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11/29/2012 10:40 AM

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Re: Fitch: Argentina to Default
...But two weeks after the first country goes down, Mexico is going to default on $100 billion. And When the banks open the next day at 9:00 am in the morning $15 billion an hour is going to be withdrawn from our American banks.

In the stock market, when I could see trends, my direction was right, but my timing was always off... I always saw it sooner than it really was.. Sometimes I was off by weeks/months.

In any case... the point is, timing is a difficult thing to perceive from where we are and in this case, it looks like "two weeks" may be 2-4 months?
 Quoting: Anonymous Coward 1492996


It's a confusing prophecy. It's a transcript from an audio recording of David Wilkerson a long time ago. I would like to find the audio file and listen to it for clarification.

There seems to be a first country that goes bankrupt. Best guess for that one is Greece, which fits the profile.

The second one is the question. At first it sounds like Argentina or Brazil. Then it sounds like he is refering to Mexico. As far as I know, Mexico is not at risk of default.

Last Edited by Adventus Domini on 11/29/2012 10:40 AM
When the going gets weird, the weird turn pro.
Anonymous Coward
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11/29/2012 10:45 AM
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Re: Fitch: Argentina to Default
Again? Do they do this every 10 years?
Anonymous Coward
User ID: 27386896
Argentina
11/30/2012 02:45 PM
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Re: Fitch: Argentina to Default
Fitch wishes...
Fitch did that cause it`s working for Goldman Sachs. Goldman Sachs it's the owner of the biggest multi media company in Argentina Clarin Group (They have more than 250 channels of tv and 10 newspappers,,, more than 50 magazines and it's the owner of the 80% of the cable company including Direc Tv).
They are trying to cash a debt of the 2001 default. But Argentina already arranged with the 93% of the bonds holders thet Argentina will pay 40 dollars per bond. The holders paid 25 dollars in 2001 for each bond. Now the 7% of the bond holders, who didnt arranged in 2001 or 2005, who are financial companies like goldman sachs want 100 dollars per bond...
Thomas Griesa judge from the USA last week try to make Argentina to pay to that holders who didnt arranged 1.3 billons dollars , that's why they start to talk about default...
But this last weekend the FED and the Supreme court of USA said that Argentina don't have to pay them...
Now it will be a new meeting these next weeks to try to arrange how much they are going to pay them if they find a solution for the problem...

Argentina goverment it's constantly under attack by the Clarin media group... So that's why you always have bad news about us in your newspappers or tv channels...

Argentina reservers are over 40 billons, so to pay 1.3 billons it's not a problem, the problem is to pay more money to the holders that didn't arranged in the two times they could...

Here is a good article to know what is happening here in Argentina

[link to www.activistpost.com]



I'm not part of any political party, I'm a reseller from Energizer USA and Hawaiian Tropic USA. So I'm not intresting in be Cuba or something like that...
This goverment is making things good for the people here, that's why so much bad media.
In 2000 a year before the default, the same media that is telling us that everything that our goverment is making it's bad, that same media, in 2000 tell us that our goverment was amazing, the IMF told the same too... And in 2001 they stoled all our money from the banks...

Learn from us, don't belive the media any more any word...
Zombietard

User ID: 27257544
Argentina
11/30/2012 02:48 PM
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Re: Fitch: Argentina to Default
Another "sucess" of the Narco-Socialist Regime K that cripples Argentina.tp