Visions of a Freeman - Brain Age - 30, July of 2014
Financial Independence for South America = Less RAPE
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How the United States tried to rape South America.

Take a look:
http://www.bbc.com/news/business-28558121
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 restructuring.

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.

Default again?

Despite the defiant tone of the government, many people seem resigned. Argentina has defaulted before and it will do it again.

I met Carina Etchegaray, the mother of two children aged 14 and 16.

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 never foreseen.

"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 through."

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 hour.

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:
http://www.cfkargentina.com/los-fondos-buitres-nunca-negociaron-ellos-nunca-prestaron-dinero-a-argentina/
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 sólo extorsionadores

Por Axel Kicillof, Ministro de Economía y Finanzas Públicas de Argentina

Estimado señor,

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 ganancia exorbitante.

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 financieros.

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 de bonos.

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 imposibles.

Estas son las razones por las que la comunidad internacional acompaña la posición de Argentina en este caso.

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 just extortionists

By Axel Kicillof, Minister of Economy and Public Finance of Argentina

Dear Sir,

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 bondholders.

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.
 
1) Because the US Dollar is not transparent and not even the people of the United States know how the Federal Reserve works.
2) Because the lack of transparency in the Financial System of the United States makes it easier to incorporate money that comes from Narco Traffic.
3) Because most of the money from drug sales pass to form part of the Economy of the United States.
4) Because the 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 crooked system.
5) Because having things in dollars requires the approval of the United States for all economic procedures and investments.
6) Because it severely limits our ability to hold our financial system accountable.
7) Because we already have a Bank of the South and a Super Bank called the Brics Financial Bank.
8) 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.
9) Because monetary reserves in dollars automatically strengthens the United States and not our own economies as it should.
10) Because we need a UnaSur Economic Commission to better plan our internal investments with our own currency.
11) Because we already have a project of a South American currency called the Sucre that is working.
12) Because China is interested in better accountability of South American banks for the security against corruption.
13) Because it is easy to implement and the European Union implemented it in just a few years of planning.
14) Because the European Union has it's own currency and we have the same right to have ours.
15) 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.
16) Because it is absurd that in order to trade between South American countries we need to pay tax to the United States and the dollar.
17) 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 financial operations.
18) 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.
19) Because the 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.
20) Because the 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.
21) Because world 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.
22) 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.
23) 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 sovereignty.
24) Because it makes us far less vulnerable to arbitrary economic sanctions from the United States.
25) 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.
26) Because we can create better, more modern and more stable laws that regulate our financial sectors.
27) 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 raise tensions.
28) Because the 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 Academic Integrity.

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