[jariel]

Quote:

Argentina's President Cristina Kirchner charged in an emotional address that domestic and US interests were pushing to topple her government, and could even kill her.

Domestic business interests "are trying to bring down the government, with international (US) help," she said.

Kirchner said that on her recent visit to Pope Francis -- a fellow Argentine whose help she has sought in Argentina's ongoing debt default row -- police warned her about supposed plots against her by Islamic State activists.

"So, if something happens to me, don't look to the Mideast, look north" to the United States, Kirchner said at Government House.

Just hours after the US embassy here warned its citizens to take extra safety precautions in Argentina, an aggravated Kirchner said "when you see what has been coming out of diplomatic offices, they had better not come in here and try to sell some tall tale about ISIS trying to track me down so they can kill me."

The president said local soybean producers unhappy with prices, other exporters and car company executives, all were involved since they would benefit from a devaluation of the peso, which is being pushed lower by her government's selective default.

"Exporters who have lost money have Argentina in a vise .. so do the car company executives who tell consumers they have no inventory when they do .... What they are all waiting for is a devaluation."

Argentina exited recession with 0.9-percent economic growth in the second quarter, national statistics institute INDEC said Wednesday, a rare bit of good news amid the country's new debt default.

But with inflation estimated at more than 30 percent and the value of the peso tumbling, Latin America's third-largest economy is still mired in a slowdown after averaging 7.8-percent annual growth from 2003 to 2011.

Argentina is still struggling with the aftermath of a default on nearly $100 billion in debt in 2001, with the two hedge funds it labels vultures battling the country in US courts.

But it has been blocked by US federal judge Thomas Griesa, who has ordered the country to first repay two hedge funds demanding the full $1.3 billion face value of their bonds.

Griesa ruled Monday that Argentina was in contempt of court after it passed a law allowing the government to repay creditors in Buenos Aires or Paris -- skirting the New York judge's freeze on the bank accounts it previously used to service its debt.

Argentina has been locked out of international financial markets since its 2001 default.

More than 92 percent of its creditors agreed to take losses of up to 70 percent on the face value of their bonds in 2005 and 2010 to get the struggling country's debt repayments back on track.

But the two hedge funds, US billionaire Paul Singer's NML Capital and US-based Aurelius Capital Management, which had bought up defaulted Argentine bonds for pennies on the dollar, refused to accept the write-down and took the country to court.

The strategy, which stands to make them profits of up to 1,600 percent, has earned them the label "vulture funds" from Buenos Aires.

Blocked from paying its restructured debt, Argentina missed a $539 million interest payment and entered default again on July 30.

It is now trying to buy time until the end of the year, the expiration date for a clause in the restructuring deals that entitles all bondholders to equal treatment.

Argentina is meanwhile lobbying to create a UN convention to prevent a minority of bondholders from scuppering struggling countries' debt restructuring plans.

A resolution to negotiate such a framework passed the United Nations General Assembly earlier this month.

Economic analysts are forecasting the economy will shrink two percent this year, though the government is forecasting a return to economic growth of 2.8 percent in 2015.

The end of the boom has revived the ghost of Argentina's 2001 economic crisis, when it defaulted on $100 billion in debt and deadly riots erupted.

That violence, in which at least 26 people were killed, led to the resignation of president Fernando de la Rua, who was replaced by Adolfo Rodriguez Saa. He resigned a week after taking office amid more unrest.

https://news.yahoo.com/us-could-topple-g...18100.html

[Sp5]

She's a despicable person. The cost of her plastic surgery alone has been a burden on the Argentine economy.

As long as Argentines keep falling for rabble-rousing bullshit hiding elite plundering, they will have problems.

A shame, they have great resources. 100 years ago they were on par with the USA in development.

[Foolsgo1d]

Not taking into account the war mongering of the Argentine government. I am in agreement over those hedge funds being vultures of the worse kind.

They dont give a shit about how many normal people on the street this has affected. Hell Argentina isn't the only country to suffer at their hands.

Why does a New York judge have so much power over another country? The elite of Argentina is bad but at least they did not create a bubble so massive and fake that it caused the whole world to drop into a recession which still affects us now.

Hedge funds have way too much power and influence. But money talks as they say.

[Basil Ransom]

Just another crazy drama queen who thinks the world is obsessed with her... Just she so happens to be a head of state of a major country.

The hysterica label for female Argentines is on point.

[Hendrix90210]

This is all her fault.

[Sonsowey]

I mean, she is right.

[TigerMandingo]

^ Yea, you beat me to it. Paranoia aside, let's not pretend like the US govt. doesn't punish those who dare to step out of line.

[lskdfjldsf]

Which country doesn't punish those who step out of line against it's national interests? China, Russia? Nothing new here, it's how the game is played. Always has been and always will be.

[HawkWrites]

Like we're going to waste a perfectly good ICBM on her...

[Mekorig]

Sometimes i feel in live in a giant nuthouse after hearing her speeches...

[Texas_Tryhard]

Is she out of her mind? This isn't how you handle politics. How can she expect the US to come to a negotiating table after openly accusing them of conspiring to kill her?

This is a prime example of what happens when a woman has to deal with extraordinary stress, in this case caused by her country falling apart with her holding the reins. She becomes paranoid, delusional, and useless, blaming others for everything that's going wrong and inventing conspiratorial tales of assassination to distract everyone from her failing presidency.

Most women are not made for this type of high-stakes, high-stress position.

EDIT: WNB

[Feisbook Control]

(10-02-2014 05:33 AM)Foolsgo1d Wrote:  

Not taking into account the war mongering of the Argentine government. I am in agreement over those hedge funds being vultures of the worse kind.

They dont give a shit about how many normal people on the street this has affected. Hell Argentina isn't the only country to suffer at their hands.

Why does a New York judge have so much power over another country? The elite of Argentina is bad but at least they did not create a bubble so massive and fake that it caused the whole world to drop into a recession which still affects us now.

Hedge funds have way too much power and influence. But money talks as they say.

I'm not defending the hedge funds involved, but it's precisely this lack of introspection at all levels from the ordinary citizen to those at the highest echelons of power that has led to Argentina's sorry decline over the past century. Here's a novel concept: live within your means, avoid debt, and if you absolutely must take it on, make sure you can service it.

If I acted like an idiot, went to a loan shark, couldn't pay him, and he had his heavies break my knees, yes, he'd be an immoral prick, but I'd still be a dickhead for starting down that path to begin with. That's Argentina on a national scale. Instead of wising the fuck up as a nation after this event, you can be sure that they'll double down and keep electing socialists. In another ten years, we'll see a repeat of this exact scenario.

[CactusCat589]

I mean, the hedge funds financed their debt. Like it or not, they do have a right to their interest payments at least. The U.S. is in horrible shape debtwise as well, but the one thing the House unequivocally will NOT do is let a default occur.

What an incredibly shit leader Kirchner is. How do you let your country enter default under your watch? Just by female vanity alone you'd think she'd devote every waking moment of her life to making sure it never happens.

[kaotic]

(10-02-2014 11:03 AM)Cunnilinguist Wrote:  

^ Yea, you beat me to it. Paranoia aside, let's not pretend like the US govt. doesn't punish those who dare to step out of line.

Exactly, if it's not a proxy war, it's war on economics, infrastructure, and trade.

Embargos, financial assets froze, etc.

If the US doesn't like what you're doing they'll find a way to bully you.

'MERICA !

[MidWest]

It kind of reminds me of when Hugo Chavez blamed America for his cancer.

[Mekorig]

(10-02-2014 12:25 PM)Feisbook Control Wrote:  

Instead of wising the fuck up as a nation after this event, you can be sure that they'll double down and keep electing socialists. In another ten years, we'll see a repeat of this exact scenario.

The thing is, this fucktards are not socialist, they are populists, fricking and sleamy corrupt populists.

[Foolsgo1d]

(10-02-2014 12:25 PM)Feisbook Control Wrote:  

(10-02-2014 05:33 AM)Foolsgo1d Wrote:  

Not taking into account the war mongering of the Argentine government. I am in agreement over those hedge funds being vultures of the worse kind.

They dont give a shit about how many normal people on the street this has affected. Hell Argentina isn't the only country to suffer at their hands.

Why does a New York judge have so much power over another country? The elite of Argentina is bad but at least they did not create a bubble so massive and fake that it caused the whole world to drop into a recession which still affects us now.

Hedge funds have way too much power and influence. But money talks as they say.

I'm not defending the hedge funds involved, but it's precisely this lack of introspection at all levels from the ordinary citizen to those at the highest echelons of power that has led to Argentina's sorry decline over the past century. Here's a novel concept: live within your means, avoid debt, and if you absolutely must take it on, make sure you can service it.

If I acted like an idiot, went to a loan shark, couldn't pay him, and he had his heavies break my knees, yes, he'd be an immoral prick, but I'd still be a dickhead for starting down that path to begin with. That's Argentina on a national scale. Instead of wising the fuck up as a nation after this event, you can be sure that they'll double down and keep electing socialists. In another ten years, we'll see a repeat of this exact scenario.

I agree on living within your means but this does not apply on the national and international stage.

The government cannot create money out of thin air without creating additional problems. Large construction projects have always relied upon loans to be completed.

In the case of Argentina and other countries, they were stupid to get ahead of themselves but to have these countries swamped and unable to recover helps no-one.

Look at Greece. With no hope comes a fertile breeding ground for hatred. With Argentina it is a matter of how the UK is still pissing them off about a certain number of Islands.

I would bet that if Argentina did not have such toxic domestic issues they wouldn't have time to create a war mongering scenario. Their people would be too happy to consider it.

The last time they went to war was after a junta had the power. This same elite killed thousands of ordinary people.

These hedge fund companies are parasites.

[GNR]

(10-02-2014 12:24 PM)Texas_Tryhard Wrote:  

This is a prime example of what happens when a woman has to deal with extraordinary stress, in this case caused by her country falling apart with her holding the reins. She becomes paranoid, delusional, and useless, blaming others for everything that's going wrong and inventing conspiratorial tales of assassination to distract everyone from her failing presidency.

Most women are not made for this type of high-stakes, high-stress position.

EDIT: WNB

You apparently don't follow history in the least bit.

The CIA and the United States have been behind too many assassinations, coups and wars to count. Here are just a few confirmed coups

Iran, 1953
Guatemala, 1954
Congo, 1960
Dominican Republic, 1961
South Vietnam, 1963
Brazil, 1964
Chile, 1973

The CIA has been behind many other South American and Central American coups as well. They tried to topple Venezuela numerous times.

You can damn well bet that the CIA may be conspiring to kill her.

[Texas_Tryhard]

(10-02-2014 03:50 PM)GNR Wrote:  

(10-02-2014 12:24 PM)Texas_Tryhard Wrote:  

This is a prime example of what happens when a woman has to deal with extraordinary stress, in this case caused by her country falling apart with her holding the reins. She becomes paranoid, delusional, and useless, blaming others for everything that's going wrong and inventing conspiratorial tales of assassination to distract everyone from her failing presidency.

Most women are not made for this type of high-stakes, high-stress position.

EDIT: WNB

You apparently don't follow history in the least bit.

The CIA and the United States have been behind too many assassinations, coups and wars to count. Here are just a few confirmed coups

Iran, 1953
Guatemala, 1954
Congo, 1960
Dominican Republic, 1961
South Vietnam, 1963
Brazil, 1964
Chile, 1973

The CIA has been behind many other South American and Central American coups as well. They tried to topple Venezuela numerous times.

You can damn well bet that the CIA may be conspiring to kill her.

Emphasis in your quote mine. She announced publicly that the US wants to kill her. Do you think that's an intelligent way to maneuver politically? What do you think she gained by doing that? What evidence is there that the US is conspiring to kill her? Reasonable motive has been talked about in this thread, but motive is not evidence. For her to announce a conspiratorial plot by the US to murder her, a foreign leader, with zero evidence is tantamount to political suicide.

[GNR]

(10-02-2014 04:15 PM)Texas_Tryhard Wrote:  

She announced publicly that the US wants to kill her. Do you think that's an intelligent way to maneuver politically? What do you think she gained by doing that?

I think she legitimately fears for her life and wants the world to know that if she is killed, it was at the hands of the US government.

(10-02-2014 04:15 PM)Texas_Tryhard Wrote:  

What evidence is there that the US is conspiring to kill her?

She claims to have heard legitimate evidence of a US backed plot to kill her.

Hugo Chávez was warned of a coup right before he was kidnapped and his office taken over. Luckily he hid soldiers inside of his buildings walls before he was kidnapped, those soldiers later came out of the walls with machine guns and told the 'new' president and his cronies to either return Hugo Chávez or they would die.

Hugo Chávez said he had direct evidence that George Bush and the CIA were behind the coup (he had video and audio evidence).

(10-02-2014 04:15 PM)Texas_Tryhard Wrote:  

For her to announce a conspiratorial plot by the US to murder her, a foreign leader, with zero evidence is tantamount to political suicide.

She is standing up to the tyrannical US military which is very noble.

(10-02-2014 04:15 PM)Texas_Tryhard Wrote:  

She becomes paranoid, delusional,

US backed coup d'etat plots are very real.

[Engineer]

(10-02-2014 12:24 PM)Texas_Tryhard Wrote:  

This is a prime example of what happens when a woman has to deal with extraordinary stress, in this case caused by her country falling apart with her holding the reins. She becomes paranoid, delusional, and useless, blaming others for everything that's going wrong and inventing conspiratorial tales of assassination to distract everyone from her failing presidency.

Does it get noticeably worse about once per month?

[Barron]

you guys are forgetting the most important part:

Would Bang.

[Feisbook Control]

(10-02-2014 02:39 PM)Foolsgo1d Wrote:  

(10-02-2014 12:25 PM)Feisbook Control Wrote:  

(10-02-2014 05:33 AM)Foolsgo1d Wrote:  

Not taking into account the war mongering of the Argentine government. I am in agreement over those hedge funds being vultures of the worse kind.

They dont give a shit about how many normal people on the street this has affected. Hell Argentina isn't the only country to suffer at their hands.

Why does a New York judge have so much power over another country? The elite of Argentina is bad but at least they did not create a bubble so massive and fake that it caused the whole world to drop into a recession which still affects us now.

Hedge funds have way too much power and influence. But money talks as they say.

I'm not defending the hedge funds involved, but it's precisely this lack of introspection at all levels from the ordinary citizen to those at the highest echelons of power that has led to Argentina's sorry decline over the past century. Here's a novel concept: live within your means, avoid debt, and if you absolutely must take it on, make sure you can service it.

If I acted like an idiot, went to a loan shark, couldn't pay him, and he had his heavies break my knees, yes, he'd be an immoral prick, but I'd still be a dickhead for starting down that path to begin with. That's Argentina on a national scale. Instead of wising the fuck up as a nation after this event, you can be sure that they'll double down and keep electing socialists. In another ten years, we'll see a repeat of this exact scenario.

I agree on living within your means but this does not apply on the national and international stage.

The government cannot create money out of thin air without creating additional problems. Large construction projects have always relied upon loans to be completed.

In the case of Argentina and other countries, they were stupid to get ahead of themselves but to have these countries swamped and unable to recover helps no-one.

Look at Greece. With no hope comes a fertile breeding ground for hatred. With Argentina it is a matter of how the UK is still pissing them off about a certain number of Islands.

I would bet that if Argentina did not have such toxic domestic issues they wouldn't have time to create a war mongering scenario. Their people would be too happy to consider it.

The last time they went to war was after a junta had the power. This same elite killed thousands of ordinary people.

These hedge fund companies are parasites.

Of course it applies on the national and international stage. There are countries that have had their acts together for decades or centuries. Some of those countries were previously basket cases but dragged themselves out of it. To argue that this doesn't apply on the national or international stage is to argue that policies, culture, etc. don't matter, that it's all random.

Also, to say that they should just be forgiven their debts so that they can rebuild themselves misses the point that someone gets burnt on those debts. Of course, there's also the flow on effect of ruining their credit ratings for a considerable time period afterwards, though if people do end up lending money to them in the future, that's up to those people to take on that risk. In that sense, I'm not defending the hedge funds or anyone else. They knew the risks (because Argentina has been a basket case for a long time) and played the game. Boohoo for them. Still, if contracts and obligations don't mean anything, then that is not going to help Argentina in the long run either.

The point, I think, is that there's no magic bullet for Argentina, but they (the people and the politicians) seem to keep thinking that there is. After generations of such foolishness, you'd think they'd wise up. Apparently, that isn't the case.

[WestIndianArchie]

(10-02-2014 11:08 AM)Blick Mang Wrote:  

Which country doesn't punish those who step out of line against it's national interests? China, Russia? Nothing new here, it's how the game is played. Always has been and always will be.

Plenty want to, but plenty can't.

See all of the developing world.

And this fight over Argentina is about them borrowing from International banks.

It has little to do directly with US interests and foreign policies aside from the revolving door between the financial sector and the government sector.

Main Street USA will not be affected by what goes on in calles in Buenos Aires

WIA

[jariel]

(10-02-2014 11:50 PM)NomadofEU Wrote:  

you guys are forgetting the most important part:

Would Bang.