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sabrina 1

(62,325 posts)
22. Know anything about why Argentina was so unstable? I hope the vultures get nothing, maybe that will
Wed Jun 18, 2014, 10:51 PM
Jun 2014

cause these greedy opportunists to think twice before taking advantage of other people's disasters.

Go read about Argentina and what caused the collapse of their economy.

Iceland handled its 'unstable' economy exactly RIGHT. They threw out the corrupt government which was aligned with crooked bankers and Wall St. speculators, arrested them and their banker friends, and is the ONLY economy that has survived the vultures who preyed on their economies.

Argentina needs to do the same thing, start investigations of those who caused their government's collapse, then let's see who is owed money and who is not. I would first in line are the people of Argentina themselves.

And we're still waiting for some serious prosecutions here in this country of those who trashed OUR economy. They've taken their corrupt practices around the world and destroyed millions of lives. They should be grateful that so far, they got away with it. So Far!

Repaying borrowed money? That's just crazy talk! Nuclear Unicorn Jun 2014 #1
When you are caught in a scam you are not obligated to pay the scammers. sabrina 1 Jun 2014 #18
What scam? Nuclear Unicorn Jun 2014 #20
So what was the scam? badtoworse Jun 2014 #23
Shock Doctrine. If you have not read Noami Klein's book you should. Then you will understand what sabrina 1 Jun 2014 #25
Argentina sold bonds by choice to cover debts incurred by its own policies. Nuclear Unicorn Jun 2014 #30
The bonds were bought for a song, and thus carried very high interest return. The risk for this Fred Sanders Jun 2014 #2
No, they just want the cake they are owed. nt Demo_Chris Jun 2014 #4
They are owed nothing, except maybe a thorough investigation and some long overdue prosecutions sabrina 1 Jun 2014 #19
Maybe Maduro can give them some insight how to run a economy for the PEOPLE! snooper2 Jun 2014 #35
Who knows what interest rate they were issued at. Igel Jun 2014 #8
Nice explanation. And most of the bonds are to be repaid in 2033. Fred Sanders Jun 2014 #14
and they sort of could have easily done it hfojvt Jun 2014 #33
Their choice is to repay the bonds or lose the ability to run deficits. Nuclear Unicorn Jun 2014 #11
Well, that would be a hyper exaggeration: Fred Sanders Jun 2014 #13
"Negotiate" is spin-speak for pay pennies on the dollar... Nuclear Unicorn Jun 2014 #15
Well, that is your choice. Many choose to buy the bonds because of the higher interest rate. Fred Sanders Jun 2014 #16
P. T. Barnum must feel all warm and fuzzy inside. Nuclear Unicorn Jun 2014 #17
There's a sucker born every minute - says the COLGATE4 Jun 2014 #29
k&r for exposure. n/t Laelth Jun 2014 #3
I'm sorry but WTF does SCOTUS have to do with... Moliere Jun 2014 #5
People on DU defending the vulture capitalists and want them kept fed and fat, over the millions Fred Sanders Jun 2014 #6
Did you see the thread on cutting off water in Detroit? neverforget Jun 2014 #9
I did not read it. Seemed too comical to bother with. Fred Sanders Jun 2014 #10
The Argentine bonds were issued in America under the jurisdiction of US Law hack89 Jun 2014 #7
I presume there is some form of security kept here that the Argentinian government wants back? Nuclear Unicorn Jun 2014 #12
Not that I know of nt hack89 Jun 2014 #31
Know anything about why Argentina was so unstable? I hope the vultures get nothing, maybe that will sabrina 1 Jun 2014 #22
Argentina has issued their bonds in NY since 1976 hack89 Jun 2014 #32
Maybe the Global Markets have become so corrupt it's better for nations who were sabrina 1 Jun 2014 #34
Exactly! I can't believe I'm seeing people here defending the vultures who destroyed Argentina's sabrina 1 Jun 2014 #21
I Agree, Ma'am: The Vulture Funds Should Not Get One Thin Dime The Magistrate Jun 2014 #24
Thank you! n/t sabrina 1 Jun 2014 #26
Lots and lots of huffing and puffing from Argentina, Nye Bevan Jun 2014 #27
I think their last experience with the British COLGATE4 Jun 2014 #28
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