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Argentina Defaults
Yahoo Finance ^
| 7/30/14
| Linette Lopez
Posted on 07/30/2014 3:24:33 PM PDT by jimbo123
Argentina has defaulted again.
Argentine Finance Minister Axel Kicillof is now addressing the world from Argentina's consulate in New York City.
He has delivered the news that Argentina is in default, having failed to satisfy the demands of a group of hedge fund creditors negotiating over $1.3 billion worth of debt owed to them for over a decade.
"The Argentine Republic has filed for a stay [on payment] with Judge Griesa... The Judge decided that if the vulture funds said there could be a stay there would be a stay," said Kicillof. "The vulture funds were not willing to grant the stay."
Without the stay and without payment, Argentina is in default.
(Excerpt) Read more at finance.yahoo.com ...
TOPICS: Business/Economy; News/Current Events; Politics/Elections
KEYWORDS: argentina; fail; socialism
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To: GeronL
>> “Venezuela also cannot pay its debt” <<
.
But they have oil to foreclose on.
.
21
posted on
07/30/2014 3:42:53 PM PDT
by
editor-surveyor
(Freepers: Not as smart as I'd hoped they'd be)
To: GeronL
“Venezuela also cannot pay its debt”
And you know what? We can’t either...
22
posted on
07/30/2014 3:43:59 PM PDT
by
babygene
( .)
To: jimbo123
so nationalizing the oil fields, take over of pension funds and utilities didn’t work out so well for them? whoda thunk?
23
posted on
07/30/2014 3:46:39 PM PDT
by
blueplum
To: jimbo123
Oh, so communism isn’t self-sustaining, Komrades 0 and Christina?
24
posted on
07/30/2014 3:47:24 PM PDT
by
Jane Long
("And when thou saidst, Seek ye my face; my heart said unto thee, Thy face, LORD, will I seek")
To: jimbo123
"Vultures"
People who loan money and expect it to be paid back.
Don't forget to add that one to your urban dictionary.
25
posted on
07/30/2014 3:48:38 PM PDT
by
Mariner
(War Criminal #18)
To: Objective Scrutator
"Socialists can not be adequately be dealt with by democratic means".
Never have truer words been written.
26
posted on
07/30/2014 3:50:16 PM PDT
by
Mariner
(War Criminal #18)
To: jimbo123
Once the IMF and bankster’s b*tch, always the IMF and bankster’s b*itch.
27
posted on
07/30/2014 3:52:31 PM PDT
by
riri
(Plannedopolis-look it up. It's how the elites plan for US to live.)
To: Paine in the Neck
“Save that headline. Youll be able to use it again in a few years. Its as reliable and predictable as the tides.”
Yup....’fraid so....
28
posted on
07/30/2014 3:53:34 PM PDT
by
Cold Heat
(Have you reached your breaking point yet? If not now....then when?)
To: Admin Moderator
Why was this removed from Breaking News? If this isn’t Breaking News, then what is?
29
posted on
07/30/2014 3:56:21 PM PDT
by
Red in Blue PA
(When Injustice becomes Law, Resistance Becomes Duty.-Thomas Jefferson)
To: babygene
30
posted on
07/30/2014 3:58:23 PM PDT
by
GeronL
(Vote for Conservatives not for Republicans)
To: jimbo123
Where’s Bono now to wave his hand and forgive debt?
Argentina, if you’re bothered by what you’re so cleverly, and officially, calling vulture funds, fear not. Just prepare for the replacement: no funds.
To: OldNewYork
Wheres Bono now to wave his hand and forgive debt? Probably in Holland going over his tax-free accounts with his banker.
32
posted on
07/30/2014 4:04:22 PM PDT
by
dfwgator
To: jimbo123
These two grinning idiots are a testimony to incompetent, disconnected, and gibsmedat voters.
That, in addition to vote fraud and vote buying.
It astonishes me that such incompetent, blinkered jackasses lead major western countries.
33
posted on
07/30/2014 4:07:02 PM PDT
by
bkopto
(Free men are not equal. Equal men are not free.)
To: jimbo123
<Socialism> It's only money, just print some more. </Socialism>
34
posted on
07/30/2014 4:09:06 PM PDT
by
MrBambaLaMamba
(Obama - "I will stand with the Muslims")
To: MrBambaLaMamba
" It's only money, just print some more. "
That sounds like it would be Obama's advice. It's all just pretty pieces of paper.
35
posted on
07/30/2014 4:25:30 PM PDT
by
Truth29
To: jimbo123
Funny...not a peep on most lib sites...
/ S
36
posted on
07/30/2014 4:33:21 PM PDT
by
Popman
("Resistance to Tyrants is Obedience to God" - Thomas Jefferson)
To: dfwgator
The Videla regime had lots of promise to make Argentina into an economic powerhouse, especially with the brilliant Martinez de Hoz in charge of setting economic policy. One of the big reasons his regime failed was because some officers of the
junta were opposed to privatizing much of the government functions, since these officers were nepotists and wanted to be guaranteed a cushy government job. Unfortunately, Videla and the other leaders either couldn't or didn't want to kill them.
The other problem was Bignone, who was stupid enough to get into a spat with the UK over the Falkland Islands and weaken the country over the resulting war. Bignone compromised with the socialists/unions too much in the aftermath of the war, letting the odious Alfonsin take control of the country. Argentina's been run by socialism ever since 1983.
It's very important for conservatives to read up on the history of Chile, Argentina, and several other Latin American countries dealing with socialism. If Admiral Barackbar or the Hildebeast give up their subtlety and push even harder for tyranny, we would do well to learn of their successes and failures.
37
posted on
07/30/2014 4:33:32 PM PDT
by
Objective Scrutator
(All liberals are criminals, and all criminals are liberals)
To: Carbonsteel
Marxists Bankers NEVER learn. Fixed it for ya.
38
posted on
07/30/2014 4:35:09 PM PDT
by
Straight Vermonter
(Posting from deep behind the Maple Curtain)
To: Paladin2
omg they have some of the best too. They’re all socialist fools unfortunately!
39
posted on
07/30/2014 5:19:44 PM PDT
by
Roman_War_Criminal
(Bible Summary in a few verses: John 14:6, John 6:29, Romans 10:9-10)
To: Carbonsteel
The people of Argentina never learn...
40
posted on
07/30/2014 5:21:36 PM PDT
by
Hotlanta Mike
(‘You can avoid reality, but you can’t avoid the consequences of avoiding reality.’)
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