Visions of a Freeman -
Brain Age - 30, July of 2014
Financial Independence for South
America = Less RAPE.
How the United States tried to rape South America.
Take a look:
30 July 2014 Last
updated at 07:24 GMT
Argentina hours away from bond default
By Katy Watson
BBC South America Business reporter, Buenos Aires
Argentina's economy minister is expected to return to the
negotiating table on Wednesday in a last-ditch attempt to
prevent the country defaulting on its bonds.
Axel Kicillof's talks with "hold-out" investors ended late on
Tuesday night in New York without agreement.
They are demanding a full pay-out of
$1.3bn (£766m) on the bonds they hold.
A US judge has ruled that the "hold-outs" must be paid by
Wednesday night if no deal is agreed.
But thousands of miles away in Buenos Aires, many are sceptical
that there can be any agreement.
The government's rhetoric has been clear.
The "hold-outs" are US hedge funds that bought debt on the cheap
during Argentina's darkest hours and never agreed to
President Cristina Fernandez de Kirchner calls them vultures,
accusing them of taking advantage of Argentina's debt problems
to make a big profit.
What makes the problem worse is that if the "hold-outs" get
their way, other bondholders who agreed to take cuts of up to
70% in what they are owed may also demand full repayment.
Ask people on the street about their view
on Argentina's debt troubles and most admit it is too
complicated for them to understand.
But the two words they do know are "fondos buitres" - "vulture
funds" in Spanish.
Despite the defiant tone of the government, many people seem
resigned. Argentina has defaulted before and it will do it
I met Carina Etchegaray, the mother of two children aged 14 and
When Argentina last defaulted at the end of 2001, she lost huge
amounts of savings.
She had wanted to buy a house for her young family. But at the
end of 2001, the government introduced what was known as the "corralito".
It literally means a small enclosure in Spanish, but refers to
when the government partially froze bank accounts and people
were stopped from taking money out.
"When we finally had the money, because of devaluation, we could
only buy a car for the same quantity of money we had for a
house," she says.
But she is also practical.
"We live with this shadow of crisis. You have to continue with
your life because you have children and have to work.
"You have to adapt - in this country, it's the way of life."
And that is what entrepreneur Federico Dumas is doing too - but
not in the way that Argentina would hope.
He has a software company, but says he is not investing as he
would like to.
"I'm afraid of everything and my customers are not willing to
invest, so that will affect my business," he says, adding that
he is hopeful Argentina's problems will be solved reasonably.
"But if the country goes into default, I'm very afraid of what's
going to happen to my business and my employees."
'Never imagined this'
Default or not, when I met Guillermo Neilsen, the man who led
the negotiations when the country was restructuring its debts in
2005, he said what is happening in Argentina is something he had
"I never imagined this - not in my wildest dreams," he says.
"People, although they were unsatisfied and they were very tough
negotiations, they knew that Argentina was not able to pay, so
that's a very big difference.
"Today, Argentina has the money - back then, we didn't have the
money. In my own perception, I think the incoming negotiations
are going to be much tougher than the ones we had to go
His worry is that if the country defaults, it could trigger what
is known as an acceleration clause.
It would mean creditors could make Argentina repay bonds within
a much shorter timeframe than previously set out. That, he says,
is a real concern.
But all this is speculation. With just a few hours to go, no
decisions have been made and it is all still talk.
The detail of what has been discussed is
still unclear. As people here say,
the Argentine way of doing things will mean talks until the 11th
The vultures will keep circling until then.
BBC News lies, misinforms, is is brutally biased against Argentina.
That is not the complete news and it is severely misguiding and incomplete.
Allow Me to explain what is really happening:
JULIO 8, 2014
Los fondos buitres nunca negociaron. Ellos
nunca prestaron dinero a Argentina.
Respuesta del Ministro de Economía Axel Kicillof al artículo de
Jay Newman, senior portfolio manager del fondo NML “Los holdouts
están abiertos a un acuerdo, pero Argentina tiene que hablar”,
publicado el 8 de julio de 2014.
Los fondos buitres no son víctimas, son
Por Axel Kicillof, Ministro de Economía y Finanzas Públicas de
Le escribo para aclarar las cosas con respecto al artículo de
Jay Newman “Los holdouts están abiertos a un acuerdo, pero
Argentina tiene que hablar”, publicado el 8 de julio de 2014.
Es una paradoja que un fondo buitre como Elliott intente limpiar
su reputación arrogándose la representación de los jubilados y
tenedores de bonos traicionados. La única
verdad es que NML Capital Elliott, que ubicó su base en las
Islas Caimán para evitar el pago de impuestos en los EE.UU., a
diferencia de la gente que pretende representar, compró bonos
argentinos en 2008 y de inmediato demandó a Argentina. Estos
bonos, en cesación de pagos desde 2001, fueron adquiridos con el
único fin de obtener una sentencia favorable para hacer una
Sr. Newman está tratando de retratar a la Argentina como un país
que no negocia. Esto es rotundamente falso. Tras largas
negociaciones, Argentina ofreció dos canjes de deuda, en 2005 y
2010, que fueron voluntariamente aceptados por el 92,4% de los
tenedores de bonos del país.
Los fondos buitres nunca negociaron. Ellos
nunca prestaron dinero a Argentina. NML compró bonos a un
valor cercano a los $ 50 millones de dólares. La orden del juez
Griesa permitiría a NML cobrar más de 800 millones de dólares
EE.UU., asegurándose un rendimiento del 1.600% en sólo seis años.
Si en lugar de litigar, NML hubiera aceptado los canjes de deuda
ofrecidos por Argentina habría triplicado o incluso
cuadruplicado su inversión. Pero quieren más que un beneficio
del 300%, ya que no son los prestamistas de buena fe a los
países emergentes. Son lo que son: buitres judiciales y
Argentina ha dejado clara su voluntad y capacidad para negociar
desde 2003. Después de la sentencia sorprendente e injusta del
sistema judicial de Estados Unidos, me he reunido personalmente
ayer con el Sr. Daniel Pollack, Maestro Especial designado por
el juez Griesa, lo que demuestra nuestra voluntad de avanzar en
un diálogo para garantizar condiciones justas, equitativas y
legales, teniendo en cuenta el interés del 100% de los tenedores
Por lo tanto, la Argentina solicitó que el juez Griesa
restablezca la suspensión de la sentencia. Sin embargo, los
fondos buitres se opusieron a la petición. Esto muestra su
verdadera cara: no quieren negociar; de ese modo creen que
pueden obtener el total de su reclamo o forzar a Argentina al
default. Pero esto no sucederá: Argentina defenderá su exitoso
proceso de reestructuración de la deuda mediante el pago a sus
tenedores de bonos. ¿Qué tipo de negociación equitativa que
involucra cientos de miles de millones de dólares puede llevarse
a cabo en tres semanas?
Los fondos buitres nunca quisieron cumplir
con los términos aceptados por la inmensa mayoría de los
acreedores. Tratan de extorsionar a un país soberano.
Quieren condiciones privilegiadas y no se detendrán ante nada
para conseguir su objetivo: intentan interrumpir un flujo de
pagos a los tenedores de bonos del canje de la Argentina negando
la propiedad de estos tenedores de bonos que les pertenece por
derecho; van a especular con el futuro de 40 millones de
argentinos que han hecho enormes sacrificios para ponerse de pie
después de la crisis de 2001; y van a causar daños irreparables
en el sistema financiero internacional, haciendo que todas las
reestructuraciones de deuda futuras sean prácticamente
Estas son las razones por las que la
comunidad internacional acompaña la posición de Argentina en
Los fondos buitres no negocian: es por eso que son los buitres.
I will translate to english:
JULY 8, 2014
Vulture funds never negotiated. They never
lent money to Argentina.
Response of the Minister of Economy Axel Kicillof to the article
of Jay Newman, senior portfolio manager of the NML fund "The
holdouts are open to a settlement, but Argentina has to talk,"
published July 8, 2014.
Vulture funds are not victims, they are
By Axel Kicillof, Minister of Economy and Public Finance of
I am writing to clarify things regarding Jay Newman's article
"The holdouts are open to a settlement, but Argentina has to
talk," published on July 8, 2014.
It is a paradox that a vulture fund like Elliott attempts to
clean their reputation assuming the representation of betrayed
pensioners and holders of bonds. The only truth is that
NML Capital Elliott, who started off based
in the Cayman Islands to avoid paying taxes in the U.S.,
unlike the people it purports to represent,
bought Argentine bonds in 2008 and
immediately sued Argentina. These bonds in default since
2001, were purchased for the sole purpose of obtaining a
favorable judgment for an exorbitant profit.
Mr. Newman is trying to portray Argentina as a country that does
not negotiate. This is completely false. After lengthy
negotiations, Argentina offered two debt exchanges in 2005 and
2010, which were voluntarily accepted by 92.4% of the country's
The Vulture funds never negotiated.
They never lent money to Argentina.
NML bought the bonds worth about $
50 million dollars. The
command of the Judge Griesa would allow NML charge more than $
800 million USA dollars, making a yield of 1.600% in just six
years. If instead of litigating, NML has accepted debt
swaps offered by Argentina it would have tripled or even
quadrupled their investment. But they want more than a 300%
profit, as they are not lenders to emerging countries in good
faith. They are what they are: legal and financial vultures.
Argentina has made clear its willingness and ability to
negotiate since 2003. After the surprising and unfair judgment
of the U.S. court system, I have personally met yesterday with
Mr. Daniel Pollack, Special Master appointed by the judge Griesa,
demonstrating our willingness to move forward in a dialogue to
ensure fair, equitable and legal conditions, taking into account
the interest of 100% of the bondholders.
Therefore, Argentina requested that the judge Griesa restore the
suspended sentence. However, the vulture funds opposed the
request. This shows their true colors: not
want to negotiate; that way they think they can get the
total of their claim or forcing Argentina
to default. But this will not happen: Argentina defended
it's successful restructuring of debt by paying its bondholders.
What kind of fair negotiation involving hundreds of billions of
dollars can be carried out in three weeks?
Vulture funds never wanted to comply with
the terms accepted by the vast majority of creditors. They
attempt to extort a sovereign country. They want
privileged conditions and will stop at nothing to achieve their
goal: they try to disrupt a flow of
payments to the bondholders of the swap of Argentina denying
ownership to the bondholders who rightfully own them;
They speculate with the future of 40 million Argentines who have
made enormous sacrifices to stand up after the 2001 crisis;
and they will cause irreparable damage to
the international financial system, making all future
debt restructuring virtually impossible.
These are the reasons why the international community
accompanied Argentina's position in this case.
Vulture funds do not negotiate: it is why they are vultures.
Why we need our own South American currency.
Because the US
Dollar is not transparent and not even the people of the
United States know how the Federal Reserve works.
Because the lack
of transparency in the Financial System of the United
States makes it easier to incorporate money that comes
from Narco Traffic.
Because most of
the money from drug sales pass to form part of the
Economy of the United States.
United States is cheating on us and sometimes openly
cheating on us with financial schemes as Bitcoin, for
example, which is fake money based purely on trust on a
things in dollars requires the approval of the United
States for all economic procedures and investments.
severely limits our ability to hold our financial system
already have a Bank of the South and a Super Bank called
the Brics Financial Bank.
Because we are
capable of investing between ourselves for our own
benefit without having to forcefully benefit the United
States for every investment we make.
reserves in dollars automatically strengthens the United
States and not our own economies as it should.
Because we need
a UnaSur Economic Commission to better plan our internal
investments with our own currency.
already have a project of a South American currency
called the Sucre that is working.
Because China is
interested in better accountability of South American
banks for the security against corruption.
Because it is
easy to implement and the European Union implemented it
in just a few years of planning.
European Union has it's own currency and we have the
same right to have ours.
Because we are
capable people in a position to have our own currency
with better accountability than the dollar and thus a
better, healthier and more modern financial system.
Because it is
absurd that in order to trade between South American
countries we need to pay tax to the United States and
Because the laws
of the United States in the financial sector are murky
and prone to be abused, as you saw with the vulture
funds and South America needs a serious legal system for
Because we must
be brave and step forward towards our Independence since
as you can see the United States has no mercy on us and
the sole responsible is the United States government for
allowing the legal cheat happen.
financial market in the United States is murky, obscure,
lacks transparency and inserts bubbles into the economy
that has caused us great damage or that benefit their
own economy, like the technological bubble.
United States has proved it has serious problems in
regulations and transparency that are known to have
caused serious damage to our economy, like for example
the recent Subprime mortgage crisis.
economy is more stable with a new big currency since the
United States is engaged in too many conflicts that make
the economy and themselves vulnerable.
South America is
not engaged in wars or international conflicts so it can
provide more security and stability in the financial
markets and the economy in general.
Because it makes
it far easier for South Americans to invest in South
America and easier for countries like China to invest in
South American interests that we share without asking
the United States for permission, thus increasing our
Because it makes
us far less vulnerable to arbitrary economic sanctions
from the United States.
Because we are
capable of demonstrating we can be more transparent than
the United States and it can help reduce corruption in
all the continent and all the South American banks.
Because we can
create better, more modern and more stable laws that
regulate our financial sectors.
Because it is
safer for investment world wide to have a third super
international currency in case the United States decides
to engage in further conflict with Russia which by all
means seems very possible. A south American currency
ensures more stability to world economy even if they do
United States is not caring about the consequences their
ideological adventures with Russia can cause to the
South American economy.
As you can see a vulture fund invested measly 50 million dollars. That's the
penis :I Now they want 800 million dollars. That is the raped woman see? Then
they say that if the woman does not let herself be fucked and be
RAPED they will throw her out of town and not be
allowed to contact any of her friends. So it is TRULY
an attempted RAPE and SEXUAL
ABUSE against Argentina. It hurts Argentina's women too!
The United States will continue to try to Savagely Abuse
and Rape the South Americans until we create our own South American
currency where we are not sexual slaves of the United
States. Best reason to want a new currency but for that we need more