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ARGENTINA TURNING IN A NAZI NARCOSOCIALIST state: Argie government will expose fiscal data of any who criticize the government on the media!

 
Anonymous Coward
User ID: 15400092
Argentina
12/04/2012 11:49 AM
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Re: ARGENTINA TURNING IN A NAZI NARCOSOCIALIST state: Argie government will expose fiscal data of any who criticize the government on the media!
November 8th protest were nothing compared with the 54% that chose that goverment in the last election. They were just the 46% that didnt vote her because they are butthurt.

And its ludicrous that you compare that protest with the events of 2001. Back then, people exploded because they didnt even have money to buy food. But this last one was a different kind of protest, it involved mainly the upper cast of Argentinean society that are mad because they raised the agricultural taxes, limited the ammount of dollars that can be aquired (Thus not letting them throw away local currency in exchange of a foreing one so they can root for the local market to colapse to get richer).
Zombietard

User ID: 27257544
Argentina
12/04/2012 12:00 PM
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Re: ARGENTINA TURNING IN A NAZI NARCOSOCIALIST state: Argie government will expose fiscal data of any who criticize the government on the media!
Que bien entrenado que te tiene Clarin pichon.
 Quoting: Anonymous Coward 15400092


Amazing! Kampora bloogers here in GLP! I have seen it all. yak
Is kinda pathetic to see the K supporters nowadays, some of them are actually in, not for the handouts, but they are blinded by left wing ideology, and their world is crumbling down. Reality, when it hits is a bitch.

I won´t post anything else here , because I don´t want to risk an autoban, but he and I know how things are here, and we can see this BS going in every forum here in Argentina.

The gov is getting desperate, the popular rallies are getting bigger, it has lost the support of the middle class, the country has defaulted again, the gov is in the red, the bipolarity of the president makes her look loonier by the day, economy is in free fall, agro exports (the ONLY thing that really moves the economy) are record low, taxes rise but revenue drops, banks and retirement funds have being rided already and their supporters (the piketeros) ask for handouts that they can´t provide any longer.

I want to remind this to Strongman Shelford, regarding K sympathisers:

"Never try to teach a pig to sing; it wastes your time and it annoys the pig".

"Never wrestle with a pig. You get dirty, and besides, the pig likes it."

See yaz.
Anonymous Coward
User ID: 28969583
Argentina
12/04/2012 12:30 PM
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Re: ARGENTINA TURNING IN A NAZI NARCOSOCIALIST state: Argie government will expose fiscal data of any who criticize the government on the media!
Que bien entrenado que te tiene Clarin pichon.
 Quoting: Anonymous Coward 15400092


Amazing! Kampora bloogers here in GLP! I have seen it all. yak
Is kinda pathetic to see the K supporters nowadays, some of them are actually in, not for the handouts, but they are blinded by left wing ideology, and their world is crumbling down. Reality, when it hits is a bitch.

I won´t post anything else here , because I don´t want to risk an autoban, but he and I know how things are here, and we can see this BS going in every forum here in Argentina.

The gov is getting desperate, the popular rallies are getting bigger, it has lost the support of the middle class, the country has defaulted again, the gov is in the red, the bipolarity of the president makes her look loonier by the day, economy is in free fall, agro exports (the ONLY thing that really moves the economy) are record low, taxes rise but revenue drops, banks and retirement funds have being rided already and their supporters (the piketeros) ask for handouts that they can´t provide any longer.

I want to remind this to Strongman Shelford, regarding K sympathisers:

"Never try to teach a pig to sing; it wastes your time and it annoys the pig".

"Never wrestle with a pig. You get dirty, and besides, the pig likes it."

See yaz.
 Quoting: Zombietard


Well said, my friend. Nothing to add, really.
Anonymous Coward
User ID: 27386896
Argentina
12/04/2012 02:20 PM
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Re: ARGENTINA TURNING IN A NAZI NARCOSOCIALIST state: Argie government will expose fiscal data of any who criticize the government on the media!
Strongman is full of shit, his nickname should be Goldman Sach's ho!
Please Goldman, try to sell your shit in other place!




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Why Argentina is now paying for its dangerously successful economic story

A vulture fund has won a court bid to force Argentina to repay debt, after the nation rejected austerity as a way out of crisis

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Jayati Ghosh and Matías Vernengo
guardian.co.uk, Monday 3 December 2012 14.37 GMT
Jump to comments (254)

Paul Singer
'Elliott Capital Management, a vulture fund owned by Paul Singer (pictured), has demanded payment in full.' Photograph: Lucas Jackson/Reuters

Argentina is in the news again. The country that successfully managed an external debt restructuring after a major financial crisis in 2001-02, and eschewed the standard austerity package to benefit from a remarkable economic recovery, is being attacked by a combination of court rulings and aggressive moves in financial markets.

Elliott Capital Management, a vulture fund based in the tax haven Cayman Islands owned by conservative financier Paul Singer (a big donor to the Romney campaign), refused to accept the terms of the debt restructuring that was accepted by more than 92% of bondholders in 2005 and 2010. It has demanded payment in full, and has actively pursued its case in different courts across the world. A few months ago, the Argentine frigate Libertad, which ironically means freedom in Spanish, was seized in Ghana after a local judge ruled in favour of Elliott Capital Management. Judge Thomas Griesa has recently ruled in a district court in New York that the Argentinian government must pay $1.3bn to the same vulture fund – the full face value of their holdings plus accumulated interest starting in late 2001 – on the basis of an unusual interpretation of the pari passu clause in debt contracts.

Elliott and other "vulture funds" are not conventional investors. They buy bonds at discount rates during a crisis with the explicit intention of taking the distressed countries to court in foreign jurisdictions, while also holding out for payment in full with no renegotiation of the debt. Obviously vulture funds are not concerned with niceties such as how the debt was accumulated, the principle that debts should be served according to the debtor's capacity to pay or how the enforced payments will affect the wellbeing of the most vulnerable. They represent global finance in its most nakedly aggressive and exploitative form.

The Griesa ruling also contained an injunction that prohibited third parties from "aiding and abetting" any violation of his order, thereby preventing Argentina from being able to continue payments to the creditors that had accepted the restructuring. This has far-reaching implications beyond this case, because it calls into question all debt restructuring deals that are not just likely, but also necessary to preserve international finance. Why would those holding Greek bonds, for example, accept a debt restructuring plan that might be necessary for a solution and beneficial to all, if they know that vulture funds can hold out and receive judicial support in international courts?

The ruling also contradicts US internal bankruptcy laws, which force minority creditors to confirm to deals accepted by 70% of creditors. If this ruling is supported in the higher courts (both Argentina and other creditors have already appealed) it will create an unviable situation for global bond markets. Creditors will only be making one-way bets if no possibility of restructuring is accepted, making the only options all (full payment) or nothing (complete default).

But that is not the only onslaught Argentina is facing. This week the rating agency Fitch, which earlier gave US sub-prime bonds Triple A ratings, lowered Argentinian bonds to slightly above junk status. Many financial analysts are now predicting another Argentinian default.

But there is no reason to believe that the country is close to a default. The current account is in balance, international reserves are above $46bn and the ratio of debt service payments to exports is less than 20%. In the recent past, Argentina has been one of the fastest growing economies in the world, with unemployment falling from around 22% to close to 7%. So what explains all the downgrading and undermining of the country in financial markets and the media?

The real reason may lie in the very success of the country's economy after its default and forced debt restructuring process. After 2002, Argentina reversed the austerity measures promoted by the IMF, renationalised key productive sectors like aviation, pensions and most recently oil, increased social protection and income transfers to the poor, and reduced poverty substantially. Real wages have increased, and wage inequalities have been reduced.

This is a dangerously successful story. It shows that there is life after a default, and that austerity is not the best way out of a crisis. These are two lessons that clearly frighten financial markets and their allies within the judicial system, and obviously there is concern that other countries in financial distress could seek to emulate this example. Hence the eagerness to show that this is not a success story after all, and to keep the pressure on Argentina through court rulings, downgrades and similar measures.

Ironically, this may turn out to be counterproductive. It is not just that these recent moves are deeply unjust and anti-democratic – it is also that they threaten the global financial system itself. Allowing vulture funds to get precedence over other bondholders that accept restructuring undermines any possibility of renegotiating debts, without which no credit system can function. The "level of rancour" in Griesa's decision shows how important it is to have judicial systems that are not loaded in favour of purely profit-motivated private investors. Allowing rating agencies with extensive conflicts of interest to function without regulating them and setting up public alternatives creates misinformation without accountability.

Even a blatantly unjust capitalist system cannot survive this way for very long. So once again, international finance and its partners may be biting the hands that have fed it, with potentially disastrous consequences even for finance.
Anonymous Coward
User ID: 27386896
Argentina
12/04/2012 02:24 PM
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Re: ARGENTINA TURNING IN A NAZI NARCOSOCIALIST state: Argie government will expose fiscal data of any who criticize the government on the media!
Goldman! Sorry, Strongman!
Cut the crap!!
You are selling smelly fish my friend!
Are you working for some financial found?
Are you working for a bank?
that's why you hate so much this gov???
People, I live in Buenos Aires, and belive me, this guy is full of shit..

Please, take a minute and read this article:

[link to www.activistpost.com]
Anonymous Coward
User ID: 27386896
Argentina
12/04/2012 02:25 PM
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Re: ARGENTINA TURNING IN A NAZI NARCOSOCIALIST state: Argie government will expose fiscal data of any who criticize the government on the media!
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."



Strongman you are a Goldman soldier!!!
Shame on you!!!
Anonymous Coward
User ID: 27386896
Argentina
12/04/2012 02:27 PM
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Re: ARGENTINA TURNING IN A NAZI NARCOSOCIALIST state: Argie government will expose fiscal data of any who criticize the government on the media!
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.




Strongman, the protest was only in the capital city and was all arranged by clarin!!!
They treat the people with the "piquetes" so they can't go to work!!!
You are full of shit man!!!!
ChapaNDJ
User ID: 1023882
Argentina
12/04/2012 05:59 PM
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Re: ARGENTINA TURNING IN A NAZI NARCOSOCIALIST state: Argie government will expose fiscal data of any who criticize the government on the media!
Looks like the Campora brainwashed monkeys found this place.
How many choripans and vino are giving them to post here?
Go crawl back to your cave, K prick!
stfu
Anonymous Coward (OP)
User ID: 13700709
Argentina
12/04/2012 07:01 PM
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Re: ARGENTINA TURNING IN A NAZI NARCOSOCIALIST state: Argie government will expose fiscal data of any who criticize the government on the media!
Last I checked citizens out number their governments by a lot...

If you are being taken advantage of, maybe you should stop being cowards, stop arguing about dumb ass issues, unite, and storm your government buildings. Shit could be completed in less than 48 hours. Have a new election, with real candidiates. Double check the voting. All the meanwhile have every farmer produce food and give it away for free. Once new officials are elected they will tax money to cover the farmers cost.

Shit isn't that hard to accomplish... If you work together.

If you want to sit there and bitch about political ideologies, beliefs, and the rest of the non important issues, you will be robbed for everything you have.
 Quoting: Anonymous Coward 24210762


bump this should be a global example of exercising "democracy".
Anonymous Coward (OP)
User ID: 13700709
Argentina
12/04/2012 07:05 PM
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Re: ARGENTINA TURNING IN A NAZI NARCOSOCIALIST state: Argie government will expose fiscal data of any who criticize the government on the media!
Strongman is full of shit, his nickname should be Goldman Sach's ho!
Please Goldman, try to sell your shit in other place!




Comment is free

Why Argentina is now paying for its dangerously successful economic story

A vulture fund has won a court bid to force Argentina to repay debt, after the nation rejected austerity as a way out of crisis

Share 257
inShare0
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Jayati Ghosh and Matías Vernengo
guardian.co.uk, Monday 3 December 2012 14.37 GMT
Jump to comments (254)

Paul Singer
'Elliott Capital Management, a vulture fund owned by Paul Singer (pictured), has demanded payment in full.' Photograph: Lucas Jackson/Reuters

Argentina is in the news again. The country that successfully managed an external debt restructuring after a major financial crisis in 2001-02, and eschewed the standard austerity package to benefit from a remarkable economic recovery, is being attacked by a combination of court rulings and aggressive moves in financial markets.

Elliott Capital Management, a vulture fund based in the tax haven Cayman Islands owned by conservative financier Paul Singer (a big donor to the Romney campaign), refused to accept the terms of the debt restructuring that was accepted by more than 92% of bondholders in 2005 and 2010. It has demanded payment in full, and has actively pursued its case in different courts across the world. A few months ago, the Argentine frigate Libertad, which ironically means freedom in Spanish, was seized in Ghana after a local judge ruled in favour of Elliott Capital Management. Judge Thomas Griesa has recently ruled in a district court in New York that the Argentinian government must pay $1.3bn to the same vulture fund – the full face value of their holdings plus accumulated interest starting in late 2001 – on the basis of an unusual interpretation of the pari passu clause in debt contracts.

Elliott and other "vulture funds" are not conventional investors. They buy bonds at discount rates during a crisis with the explicit intention of taking the distressed countries to court in foreign jurisdictions, while also holding out for payment in full with no renegotiation of the debt. Obviously vulture funds are not concerned with niceties such as how the debt was accumulated, the principle that debts should be served according to the debtor's capacity to pay or how the enforced payments will affect the wellbeing of the most vulnerable. They represent global finance in its most nakedly aggressive and exploitative form.

The Griesa ruling also contained an injunction that prohibited third parties from "aiding and abetting" any violation of his order, thereby preventing Argentina from being able to continue payments to the creditors that had accepted the restructuring. This has far-reaching implications beyond this case, because it calls into question all debt restructuring deals that are not just likely, but also necessary to preserve international finance. Why would those holding Greek bonds, for example, accept a debt restructuring plan that might be necessary for a solution and beneficial to all, if they know that vulture funds can hold out and receive judicial support in international courts?

The ruling also contradicts US internal bankruptcy laws, which force minority creditors to confirm to deals accepted by 70% of creditors. If this ruling is supported in the higher courts (both Argentina and other creditors have already appealed) it will create an unviable situation for global bond markets. Creditors will only be making one-way bets if no possibility of restructuring is accepted, making the only options all (full payment) or nothing (complete default).

But that is not the only onslaught Argentina is facing. This week the rating agency Fitch, which earlier gave US sub-prime bonds Triple A ratings, lowered Argentinian bonds to slightly above junk status. Many financial analysts are now predicting another Argentinian default.

But there is no reason to believe that the country is close to a default. The current account is in balance, international reserves are above $46bn and the ratio of debt service payments to exports is less than 20%. In the recent past, Argentina has been one of the fastest growing economies in the world, with unemployment falling from around 22% to close to 7%. So what explains all the downgrading and undermining of the country in financial markets and the media?

The real reason may lie in the very success of the country's economy after its default and forced debt restructuring process. After 2002, Argentina reversed the austerity measures promoted by the IMF, renationalised key productive sectors like aviation, pensions and most recently oil, increased social protection and income transfers to the poor, and reduced poverty substantially. Real wages have increased, and wage inequalities have been reduced.

This is a dangerously successful story. It shows that there is life after a default, and that austerity is not the best way out of a crisis. These are two lessons that clearly frighten financial markets and their allies within the judicial system, and obviously there is concern that other countries in financial distress could seek to emulate this example. Hence the eagerness to show that this is not a success story after all, and to keep the pressure on Argentina through court rulings, downgrades and similar measures.

Ironically, this may turn out to be counterproductive. It is not just that these recent moves are deeply unjust and anti-democratic – it is also that they threaten the global financial system itself. Allowing vulture funds to get precedence over other bondholders that accept restructuring undermines any possibility of renegotiating debts, without which no credit system can function. The "level of rancour" in Griesa's decision shows how important it is to have judicial systems that are not loaded in favour of purely profit-motivated private investors. Allowing rating agencies with extensive conflicts of interest to function without regulating them and setting up public alternatives creates misinformation without accountability.

Even a blatantly unjust capitalist system cannot survive this way for very long. So once again, international finance and its partners may be biting the hands that have fed it, with potentially disastrous consequences even for finance.
 Quoting: Anonymous Coward 27386896



you are full of it. Because cyber"-k" ( Kregime psy ops and pro-K zombie tards) don´t want to think with their own head. ANd just DENY everything and say "clarin this clarin that". Please recover your independent thinking.
Government is doing things wrong and they are crashing the economy. THIS IS FACT thanks to ARGENTINIAN GOVERNMENT.

check real state and construction for example.
fanatism is not going to help you
read my previous posts and you will see that i have thousands of 5 stars more than you, cyber k .

your fanatism will be your demise.

I only predict trends.
Anonymous Coward (OP)
User ID: 13700709
Argentina
12/04/2012 07:06 PM
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Re: ARGENTINA TURNING IN A NAZI NARCOSOCIALIST state: Argie government will expose fiscal data of any who criticize the government on the media!
Goldman! Sorry, Strongman!
Cut the crap!!
You are selling smelly fish my friend!
Are you working for some financial found?
Are you working for a bank?
that's why you hate so much this gov???
People, I live in Buenos Aires, and belive me, this guy is full of shit..

Please, take a minute and read this article:

[link to www.activistpost.com]
 Quoting: Anonymous Coward 27386896



do you read your argentina statistics?

i Don´t "hate" the government. I am just saying they are doing things bad. it is called "mala praxis".
do you like Boudou too?

Or you will just say like a baby " clarin this clarin that"?
Anonymous Coward (OP)
User ID: 13700709
Argentina
12/04/2012 07:09 PM
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Re: ARGENTINA TURNING IN A NAZI NARCOSOCIALIST state: Argie government will expose fiscal data of any who criticize the government on the media!
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."



Strongman you are a Goldman soldier!!!
Shame on you!!!
 Quoting: Anonymous Coward 27386896



YEAH yeah. everything is CLARIN and the foreign. You can´t deny facts and our corruption. So you choose falacies ad hominem to escape. Typical Cyber-k fanatic way of escaping facts and solid discussion.
Face this. I predict trends. I am not against or in favor of any particular government. My job is to predict trends. That´s how I get paid from time to time.
Your fanatism will be your demise. I am only saying that the goverment will face even bigger problems due to their own corruption and populism. I guess, you will blame later to "speculators, Clarin, and Goldman Sachs". So, you won´t change your mind until the end I guess.
Anonymous Coward (OP)
User ID: 13700709
Argentina
12/04/2012 07:12 PM
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Re: ARGENTINA TURNING IN A NAZI NARCOSOCIALIST state: Argie government will expose fiscal data of any who criticize the government on the media!
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.




Strongman, the protest was only in the capital city and was all arranged by clarin!!!
They treat the people with the "piquetes" so they can't go to work!!!
You are full of shit man!!!!
 Quoting: Anonymous Coward 27386896


LIAR! CYBER K FANATIC LIAR! it was in all the major cities of the country!

[link to www.elcomahueonline.com.ar]
why your fanatism?

if you have to adjust your economic policies, you just do it. no need for fanatism.
Cristina will know it soon. I only predict trends
If Clarin would pay me money, I wouldn´t be posting at GODLIKEPRODUCTIONS.COM hahahah
dilusional
Anonymous Coward (OP)
User ID: 13700709
Argentina
12/04/2012 07:14 PM
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Re: ARGENTINA TURNING IN A NAZI NARCOSOCIALIST state: Argie government will expose fiscal data of any who criticize the government on the media!
So to all the people of the world

check how they couldn´t deny the economic facts I have just presented.

So they attack the messenger. Typical Cyber-K style.

I predict trends . The argentinian government can hire me anytime. I don´t work for Clarin ...retards.

stop with your fanatism. I predict trends since I study the economics of the world. I see patterns developing. And I almost 80-90% correct most of the time.

History repeats itself because mankind never learn because of its passions.

you can get mad all you want. But this is true. The economy of Argentina is deteriorating at fast speed. Populism and socialism is scaring business owners and savers as the GOVERNMENT is telling us through official statistics.


stop your fanatism .

Strongman Out
Anonymous Coward (OP)
User ID: 13700709
Argentina
12/04/2012 07:29 PM
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Re: ARGENTINA TURNING IN A NAZI NARCOSOCIALIST state: Argie government will expose fiscal data of any who criticize the government on the media!
haha if I were a goldman sachs soldier I wouldn´t be posting at GLP.
Anonymous Coward
User ID: 29106451
Argentina
12/04/2012 11:29 PM
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Re: ARGENTINA TURNING IN A NAZI NARCOSOCIALIST state: Argie government will expose fiscal data of any who criticize the government on the media!
Cristina talks like she runs the leadin nation of the region when in reality even ghana must be laughing they're asses off
Anonymous Coward
User ID: 29127396
Argentina
12/05/2012 06:22 AM
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Re: ARGENTINA TURNING IN A NAZI NARCOSOCIALIST state: Argie government will expose fiscal data of any who criticize the government on the media!
Goldman, its funny how you label everyone who think different than you telling that is from the Kampora or Kirchnerista. That shows that you belong to some kind of party and that's why you think that everybody works for a political party when talks about politics. I'm not a politician and I'm not a Kirchnerista... I wake up every morning at 6 am and go to work. Im 32 years old, profesional and I own a logistic company that make more than 1 millon dollar per year...
Who are you?
Where do yo work?
Cause I been reading your post for so long and it's seems that you know a lot of financial markets... That's your job? Playing with the saving of others???
That's why you hate so much this goverment, cause you are part of that 1% who plays with the money of others buying silver and gold at markets and all that shit, no?
If Im wrong, please, tell us what you do for life... Cause it's easy to speak bad when nobody knows who you are...

So, are you going to keep calling me kamporista??? Fuck the kampora, fuck kristina, fuck all politics you piece of shit!
I hate politicians and you keep calling me kircnerista cause i think different... No man, you think that why cause you don't have any valid argument to reply my post...

You are a liar man, you are not even argentinean...
Fuck you!
Anonymous Coward
User ID: 29127396
Argentina
12/05/2012 06:26 AM
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Re: ARGENTINA TURNING IN A NAZI NARCOSOCIALIST state: Argie government will expose fiscal data of any who criticize the government on the media!
Ypu predict trends???
You been predicting that we are going to hell since 2003 and we are better year by year...
If you are having problems with your economy, pleae, don't blame the goverment for this.. It's only your lack of brain who is treating you...

Argentina has been growing above 5% the last 10 years and you are keep talking about a narco socialist goverment????????
please!!!!
ahahahaha!!

I'm sure that you are having problem with your cash flow and that's why you are so mad...
If you need a better work you can call me I can give you a hand.

;)
Anonymous Coward
User ID: 29115480
Norway
12/05/2012 06:28 AM
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Re: ARGENTINA TURNING IN A NAZI NARCOSOCIALIST state: Argie government will expose fiscal data of any who criticize the government on the media!
The retarded bitch threatened Norway with war over the Falklands. Let them burn.
Anonymous Coward
User ID: 29127396
Argentina
12/05/2012 06:30 AM
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Re: ARGENTINA TURNING IN A NAZI NARCOSOCIALIST state: Argie government will expose fiscal data of any who criticize the government on the media!
Im a cyber fanatic liar cause think different than you??
hehehe!!!
Mate, I come to this forum to read UFO stuff or mayan's things and you calling me that????

Like I told, that shows where you are and what you do...
Anonymous Coward
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Norway
12/05/2012 06:32 AM
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No revolution for you!
Anonymous Coward
User ID: 29127396
Argentina
12/05/2012 06:38 AM
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Re: ARGENTINA TURNING IN A NAZI NARCOSOCIALIST state: Argie government will expose fiscal data of any who criticize the government on the media!
Strongman is full of shit, his nickname should be Goldman Sach's ho!
Please Goldman, try to sell your shit in other place!




Comment is free

Why Argentina is now paying for its dangerously successful economic story

A vulture fund has won a court bid to force Argentina to repay debt, after the nation rejected austerity as a way out of crisis

Share 257
inShare0
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Jayati Ghosh and Matías Vernengo
guardian.co.uk, Monday 3 December 2012 14.37 GMT
Jump to comments (254)

Paul Singer
'Elliott Capital Management, a vulture fund owned by Paul Singer (pictured), has demanded payment in full.' Photograph: Lucas Jackson/Reuters

Argentina is in the news again. The country that successfully managed an external debt restructuring after a major financial crisis in 2001-02, and eschewed the standard austerity package to benefit from a remarkable economic recovery, is being attacked by a combination of court rulings and aggressive moves in financial markets.

Elliott Capital Management, a vulture fund based in the tax haven Cayman Islands owned by conservative financier Paul Singer (a big donor to the Romney campaign), refused to accept the terms of the debt restructuring that was accepted by more than 92% of bondholders in 2005 and 2010. It has demanded payment in full, and has actively pursued its case in different courts across the world. A few months ago, the Argentine frigate Libertad, which ironically means freedom in Spanish, was seized in Ghana after a local judge ruled in favour of Elliott Capital Management. Judge Thomas Griesa has recently ruled in a district court in New York that the Argentinian government must pay $1.3bn to the same vulture fund – the full face value of their holdings plus accumulated interest starting in late 2001 – on the basis of an unusual interpretation of the pari passu clause in debt contracts.

Elliott and other "vulture funds" are not conventional investors. They buy bonds at discount rates during a crisis with the explicit intention of taking the distressed countries to court in foreign jurisdictions, while also holding out for payment in full with no renegotiation of the debt. Obviously vulture funds are not concerned with niceties such as how the debt was accumulated, the principle that debts should be served according to the debtor's capacity to pay or how the enforced payments will affect the wellbeing of the most vulnerable. They represent global finance in its most nakedly aggressive and exploitative form.

The Griesa ruling also contained an injunction that prohibited third parties from "aiding and abetting" any violation of his order, thereby preventing Argentina from being able to continue payments to the creditors that had accepted the restructuring. This has far-reaching implications beyond this case, because it calls into question all debt restructuring deals that are not just likely, but also necessary to preserve international finance. Why would those holding Greek bonds, for example, accept a debt restructuring plan that might be necessary for a solution and beneficial to all, if they know that vulture funds can hold out and receive judicial support in international courts?

The ruling also contradicts US internal bankruptcy laws, which force minority creditors to confirm to deals accepted by 70% of creditors. If this ruling is supported in the higher courts (both Argentina and other creditors have already appealed) it will create an unviable situation for global bond markets. Creditors will only be making one-way bets if no possibility of restructuring is accepted, making the only options all (full payment) or nothing (complete default).

But that is not the only onslaught Argentina is facing. This week the rating agency Fitch, which earlier gave US sub-prime bonds Triple A ratings, lowered Argentinian bonds to slightly above junk status. Many financial analysts are now predicting another Argentinian default.

But there is no reason to believe that the country is close to a default. The current account is in balance, international reserves are above $46bn and the ratio of debt service payments to exports is less than 20%. In the recent past, Argentina has been one of the fastest growing economies in the world, with unemployment falling from around 22% to close to 7%. So what explains all the downgrading and undermining of the country in financial markets and the media?

The real reason may lie in the very success of the country's economy after its default and forced debt restructuring process. After 2002, Argentina reversed the austerity measures promoted by the IMF, renationalised key productive sectors like aviation, pensions and most recently oil, increased social protection and income transfers to the poor, and reduced poverty substantially. Real wages have increased, and wage inequalities have been reduced.

This is a dangerously successful story. It shows that there is life after a default, and that austerity is not the best way out of a crisis. These are two lessons that clearly frighten financial markets and their allies within the judicial system, and obviously there is concern that other countries in financial distress could seek to emulate this example. Hence the eagerness to show that this is not a success story after all, and to keep the pressure on Argentina through court rulings, downgrades and similar measures.

Ironically, this may turn out to be counterproductive. It is not just that these recent moves are deeply unjust and anti-democratic – it is also that they threaten the global financial system itself. Allowing vulture funds to get precedence over other bondholders that accept restructuring undermines any possibility of renegotiating debts, without which no credit system can function. The "level of rancour" in Griesa's decision shows how important it is to have judicial systems that are not loaded in favour of purely profit-motivated private investors. Allowing rating agencies with extensive conflicts of interest to function without regulating them and setting up public alternatives creates misinformation without accountability.

Even a blatantly unjust capitalist system cannot survive this way for very long. So once again, international finance and its partners may be biting the hands that have fed it, with potentially disastrous consequences even for finance.
 Quoting: Anonymous Coward 27386896



you are full of it. Because cyber"-k" ( Kregime psy ops and pro-K zombie tards) don´t want to think with their own head. ANd just DENY everything and say "clarin this clarin that". Please recover your independent thinking.
Government is doing things wrong and they are crashing the economy. THIS IS FACT thanks to ARGENTINIAN GOVERNMENT.

check real state and construction for example.
fanatism is not going to help you
read my previous posts and you will see that i have thousands of 5 stars more than you, cyber k .

your fanatism will be your demise.

I only predict trends.
 Quoting: Strongman Shelford


Clarin = Goldman Sachs.
So you are telling that goldman has nothing to do with what is happening in spain right now?
cyber k? Mate, stop movies... I'm a normal person who enter to GLP to search for UFO stuff...

you are the fanatic one...
Fuck Kristina, fuck K! I don't belong to them asshole!!
I have my own company! I don't give a fuck about the color of the goverment... I always have to wake up at 6 and go to work, with this goverment and with the others!
If you are sooooooooooo worry it's because you should work for some kind of found or bank or you belong to the other partie...
You are the fanatic one!
You are talking about nazis!!!!!!!!!!!
You don't have any idea of what you are telling....
You are the yellow one!
Anonymous Coward (OP)
User ID: 13700709
Argentina
12/05/2012 06:40 AM
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Re: ARGENTINA TURNING IN A NAZI NARCOSOCIALIST state: Argie government will expose fiscal data of any who criticize the government on the media!
Ypu predict trends???
You been predicting that we are going to hell since 2003 and we are better year by year...
If you are having problems with your economy, pleae, don't blame the goverment for this.. It's only your lack of brain who is treating you...

Argentina has been growing above 5% the last 10 years and you are keep talking about a narco socialist goverment????????
please!!!!
ahahahaha!!

I'm sure that you are having problem with your cash flow and that's why you are so mad...
If you need a better work you can call me I can give you a hand.

;)
 Quoting: Anonymous Coward 29127396



loser attacking the messenger. i joined GLP in 2006!

falaccies ad hominem. TYPICAL K style
Anonymous Coward
User ID: 29127396
Argentina
12/05/2012 06:45 AM
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Re: ARGENTINA TURNING IN A NAZI NARCOSOCIALIST state: Argie government will expose fiscal data of any who criticize the government on the media!
No revolution for you!
 Quoting: Anonymous Coward 29115480


Revolution has begun in 2001 here!
This mother focker of Strongman work for the banks! That's why he is soooo worried about our goverment. Everybody knows that Argentina has been succesfull since 2003. In 2003 unemployment was 53% and now is 8% and keep going down, and this focker is telling that they are sinking the country...
Can you imagine a country with 53% of unemployment?????????????????????????????????????????????????​?????????????????????????????????????????????????????????????​?

Tell me, how can be worst now with less than 10%....

Maybe Strongman is worst than 2003 and that's why he hate so much this gov...
Anonymous Coward
User ID: 29127396
Argentina
12/05/2012 06:52 AM
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Re: ARGENTINA TURNING IN A NAZI NARCOSOCIALIST state: Argie government will expose fiscal data of any who criticize the government on the media!
Ypu predict trends???
You been predicting that we are going to hell since 2003 and we are better year by year...
If you are having problems with your economy, pleae, don't blame the goverment for this.. It's only your lack of brain who is treating you...

Argentina has been growing above 5% the last 10 years and you are keep talking about a narco socialist goverment????????
please!!!!
ahahahaha!!

I'm sure that you are having problem with your cash flow and that's why you are so mad...
If you need a better work you can call me I can give you a hand.

;)
 Quoting: Anonymous Coward 29127396



loser attacking the messenger. i joined GLP in 2006!

falaccies ad hominem. TYPICAL K style
 Quoting: Strongman Shelford


I refere "since 2003" cause that year the Kirchneristas starts their economic reform, and you are attacking the way they do things...
Im not attaking the messenger asshole... you love to play victim here... hehehe!
And you talk about falaccies ad hominem???
hehehhee!
What you do of calling me Kirchnerista when I'm not is ad hominem asshole!!!
You try to downgrade my argument calling me something that im not.... Have you any idea of what you are talking??
hehehe!
You are a great fan form the oposition I see..
Like I told, fuck the Kirchners, non goverment will make me rich without working... So I really don't give a shit about political parties, are going to keep calling me kirchnerista??? Thats your best argument??????????????
Anonymous Coward
User ID: 29127396
Argentina
12/05/2012 06:59 AM
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Re: ARGENTINA TURNING IN A NAZI NARCOSOCIALIST state: Argie government will expose fiscal data of any who criticize the government on the media!
Talking about falaccies ad hominem...


[link to edant.clarin.com]


hehehehehe!!!


And ad hominem is part of the K style, no????

hehehehhee!!!


You are the fanatic duuuuudeeeee!!!
Anonymous Coward
User ID: 28368998
Argentina
12/05/2012 07:11 AM
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Re: ARGENTINA TURNING IN A NAZI NARCOSOCIALIST state: Argie government will expose fiscal data of any who criticize the government on the media!
Im not surprised I saw this comming from miles away

another thing that bothers me is the goebbelian propaganda on tv, radio, internet and now movies! (the kirchner movie)
Anonymous Coward
User ID: 28368998
Argentina
12/05/2012 07:14 AM
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Re: ARGENTINA TURNING IN A NAZI NARCOSOCIALIST state: Argie government will expose fiscal data of any who criticize the government on the media!
Im a cyber fanatic liar cause think different than you??
hehehe!!!
Mate, I come to this forum to read UFO stuff or mayan's things and you calling me that????

Like I told, that shows where you are and what you do...
 Quoting: Anonymous Coward 29127396


you are a government agent of mis info, Im onto you, your strings are showing
Anonymous Coward
User ID: 28368998
Argentina
12/05/2012 07:22 AM
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Re: ARGENTINA TURNING IN A NAZI NARCOSOCIALIST state: Argie government will expose fiscal data of any who criticize the government on the media!
or you are a brainwashed zombie
Anonymous Coward
User ID: 28368998
Argentina
12/05/2012 07:24 AM
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Re: ARGENTINA TURNING IN A NAZI NARCOSOCIALIST state: Argie government will expose fiscal data of any who criticize the government on the media!
the narcosocialist state is Santa Fe, those stupid leftist call each other narcosocialists

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