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(Global Geopolitics)   Don't cry for me Argentina, 10 other countries are likely now to default, too   (glblgeopolitics.wordpress.com) divider line 36
    More: Interesting, foreign reserves, pesos, Moody, Belize  
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1525 clicks; posted to Business » on 27 Aug 2014 at 11:25 AM (5 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



36 Comments   (+0 »)
   
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2014-08-27 10:24:55 AM
Why is Cuba even borrowing from international financial markets? That seems to be against the whole Communist ethos.
 
2014-08-27 11:36:45 AM
Argentina defaulted a decade ago.  It's a Wall Street parasite that's causing problems now.
 
2014-08-27 11:38:30 AM
Private equity companies will buy them out and kick out all the people.
 
2014-08-27 11:50:39 AM
No serious credit rating agency would fault Argentina for not paying that portion of the debt today.  They defaulted a decade ago, and were duly down-rated then.  They cut a deal on repayment and everyone who signed up got their % on the $ and when on with their lives.  Those few gamblers who bought up the debt and tried to get paid in full even though Argentina was telling them they'd get the % or nothing?  Fark 'em.
 
2014-08-27 12:29:43 PM
Wanna' know the best Part..................


the good ole' USA started all this sh*t because the richest 2% / Wall Street f*cks didn't have enough wealth. they weren't quite satisfied.

the Forbes 400 Richest 'murrcans have a combined net worth of over 2 Trillion big ones.

1 Trillion seconds is almost 32,000 years.

USA #1!!
 
2014-08-27 12:32:12 PM
Cyprus and Greece aren't in danger of defaulting.

It would also annoy everyone, except perhaps Russia, if Ukraine folded. Though, Ukraine failed to live up to a single economic promise it has made to the IMF and the EU so far. So I wonder whether they'll keep lending them money.

Lending money to Ukaine is kinda like throwing good money after bad money. Just accept that they're broke and corrupt, and get on with your life.
 
2014-08-27 12:33:40 PM
Why does this sucky blog whose name means "World Worldpolitics" keep turning up on Fark?
 
2014-08-27 12:38:31 PM

Marcus Aurelius: Argentina defaulted a decade ago.  It's a Wall Street parasite that's causing problems now.



Good Point.  the roots of the problems this Nation (and the world) has now began in the ronnie reagan 80's.  ole' ronnie open up the White House to his wall street friends.  Don Regan, among others,  his white house chief of staff, was born and raised on Wall street.  ole' Don keep Ronnie in check, even helped him stay awake during white house meetings.
 
2014-08-27 12:44:16 PM

cefm: No serious credit rating agency would fault Argentina for not paying that portion of the debt today.  They defaulted a decade ago, and were duly down-rated then.  They cut a deal on repayment and everyone who signed up got their % on the $ and when on with their lives.  Those few gamblers who bought up the debt and tried to get paid in full even though Argentina was telling them they'd get the % or nothing?  Fark 'em.


Yeah fark them for wanting a contract to be abided by!
 
2014-08-27 12:46:57 PM

Linux_Yes: the roots of the problems this Nation (and the world) has now began in the ronnie reagan 80's.


Keep farkin' that chicken
 
2014-08-27 12:50:09 PM

Linux_Yes: 1 Trillion seconds is almost 32,000 years.


One trillion dog farts could fill a baloon the size of Jupiter.
 
2014-08-27 01:04:53 PM

Saiga410: Linux_Yes: 1 Trillion seconds is almost 32,000 years.

One trillion dog farts could fill a baloon the size of Jupiter.


And 8.5 trillion Jupiters can fit inside of VY Canis Majoris.

Which brings us to the important question: How are we going to feed all of this cabbage to those poor dogs?
 
2014-08-27 01:13:18 PM
I hope the vultures who bought up Argentinian bonds and, not being satisfied with huge profits they would make under the agreement everyone else accepted, decided to try and choke Argentina for a few dollars more get exactly nothing.
 
2014-08-27 01:13:45 PM

Linux_Yes: Wanna' know the best Part..................


the good ole' USA started all this sh*t because the richest 2% / Wall Street f*cks didn't have enough wealth. they weren't quite satisfied.


Those countries were farked anyway. The Wall Street thing just sped up the process.
 
2014-08-27 01:14:55 PM
They will fall like dominoes and the whole thing will collapse like a house of cards.

Checkers!
 
2014-08-27 01:26:01 PM

Sugarbombs: Saiga410: Linux_Yes: 1 Trillion seconds is almost 32,000 years.

One trillion dog farts could fill a baloon the size of Jupiter.

And 8.5 trillion Jupiters can fit inside of VY Canis Majoris.

Which brings us to the important question: How are we going to feed all of this cabbage to those poor dogs?


But what would 1 trillion Rhode Islands be equivalent to?
 
rka
2014-08-27 01:30:35 PM

Linux_Yes: the good ole' USA started all this sh*t


I would say countries that have defaulted on their bonds started this.

How about not doing that in the first place? Then you don't have to worry about vulture bond holders trying to get you to pay what you originally agreed to pay.

Start farking around with loan sharks and you get what you deserve.
 
2014-08-27 01:34:22 PM

Saiga410: Linux_Yes: 1 Trillion seconds is almost 32,000 years.

One trillion dog farts could fill a baloon the size of Jupiter.



'murrcans always stand out: they treat their mutts better than they do each other.  ain't Freedom great!
 
2014-08-27 01:36:09 PM

Hydra: Linux_Yes: the roots of the problems this Nation (and the world) has now began in the ronnie reagan 80's.

Keep farkin' that chicken



no, more accurately, keep letting that Fascist chicken Fark you.
 
2014-08-27 01:36:53 PM

spawn73: Linux_Yes: Wanna' know the best Part..................


the good ole' USA started all this sh*t because the richest 2% / Wall Street f*cks didn't have enough wealth. they weren't quite satisfied.

Those countries were farked anyway. The Wall Street thing just sped up the process.



yea, that's it.  no one can put anything past you.
 
2014-08-27 01:37:46 PM

DarkLancelot: Sugarbombs: Saiga410: Linux_Yes: 1 Trillion seconds is almost 32,000 years.

One trillion dog farts could fill a baloon the size of Jupiter.

And 8.5 trillion Jupiters can fit inside of VY Canis Majoris.

Which brings us to the important question: How are we going to feed all of this cabbage to those poor dogs?

But what would 1 trillion Rhode Islands be equivalent to?



a Nightmare for the rest of the World.
 
2014-08-27 01:38:55 PM

rka: Linux_Yes: the good ole' USA started all this sh*t

I would say countries that have defaulted on their bonds started this.

How about not doing that in the first place? Then you don't have to worry about vulture bond holders trying to get you to pay what you originally agreed to pay.

Start farking around with loan sharks and you get what you deserve.



yea, just ask FreedomLand, they're being propped up by Communist (acc. to cia.gov) China and Japan.
 
2014-08-27 01:45:40 PM

Linux_Yes: spawn73: Linux_Yes: Wanna' know the best Part..................


the good ole' USA started all this sh*t because the richest 2% / Wall Street f*cks didn't have enough wealth. they weren't quite satisfied.

Those countries were farked anyway. The Wall Street thing just sped up the process.


yea, that's it.  no one can put anything past you.


What, you're being sarcastic.

Look, if you have no farking clue why these countries are farked, then don't be sarcastic.
 
2014-08-27 01:49:19 PM

Linux_Yes: DarkLancelot: Sugarbombs: Saiga410: Linux_Yes: 1 Trillion seconds is almost 32,000 years.

One trillion dog farts could fill a baloon the size of Jupiter.

And 8.5 trillion Jupiters can fit inside of VY Canis Majoris.

Which brings us to the important question: How are we going to feed all of this cabbage to those poor dogs?

But what would 1 trillion Rhode Islands be equivalent to?


a Nightmare for the rest of the World.


Why that would be like 9/11 times Bangazi!
 
2014-08-27 01:56:43 PM
I've been watching Meltdown:  Men who crashed the World, and the same idiots that almost destroyed capitalism in 2008 ARE STILL IN CHARGE.

The 1% really has to be thinking now, if they didn't come "French Revolution" us THEN, how much more can we get away with NOW that they won't grumble over?
Their greed is an addiction, it really is.  No amount will ever make them happy, they are pathological and don't see/care how much their actions hurt others.  And a good percentage of the population WORSHIP them.

Stop enabling their addiction, it will end the world.  The Internet will allow for us to grow past Wall Street Capitalism, but will Wall Street?  Greed is not good. Greed and the addiction that grows out of it, destroys the fabric of society.  We know this now, we have methods for moving past it, but we discard it because the cure would change the addicts way of life.  So we all suffer so the addict doesn't have to.
 
2014-08-27 02:59:51 PM

dougermouse: I've been watching Meltdown:  Men who crashed the World, and the same idiots that almost destroyed capitalism in 2008 ARE STILL IN CHARGE.

The 1% really has to be thinking now, if they didn't come "French Revolution" us THEN, how much more can we get away with NOW that they won't grumble over?
Their greed is an addiction, it really is.  No amount will ever make them happy, they are pathological and don't see/care how much their actions hurt others.  And a good percentage of the population WORSHIP them.

Stop enabling their addiction, it will end the world.  The Internet will allow for us to grow past Wall Street Capitalism, but will Wall Street?  Greed is not good. Greed and the addiction that grows out of it, destroys the fabric of society.  We know this now, we have methods for moving past it, but we discard it because the cure would change the addicts way of life.  So we all suffer so the addict doesn't have to.


that's cute. I'm sure they appreciate you swallowing their propaganda.
 
2014-08-27 03:27:34 PM

spawn73: It would also annoy everyone, except perhaps Russia, if Ukraine folded. Though, Ukraine failed to live up to a single economic promise it has made to the IMF and the EU so far. So I wonder whether they'll keep lending them money.

Lending money to Ukaine is kinda like throwing good money after bad money. Just accept that they're broke and corrupt, and get on with your life.


It's not even a case of "corrupt".

Ukraine is now in catastrophic situation. War, which means "someone have to pay soldiers", which means "money are being printed", plus lack of actual income (huge economic depression, for obvious reasons).

Hryvna was 12.5 for a $ couple of weeks ago. Now it's 14.5 for a dollar. Since Ukrainian population measures its quality of life by the stability of hryvna, the government is simply afraid that another popular uprising will happen, so it tries to float hryvna through administrative measures (population can't buy foreign currency) and market measures (using dollars to buy hryvnas).

That can't continue for long. Pretty soon Ukraine will be out of dollars and euro. What will happen them? Hyperinflation (with larger and larger parts of population suddenly expressing great desire to switch currencies. Say, to Russian Ruble.) or starving its own elderly/weak (same result).

Honestly, I see no scenario which will save Ukrainian economy, for now. And every day of war brings Ukraine closer to collapse. Putin don't need to attack Kiev; couple months more of low-key, steaming war, and Ukraine will be a dying cripple.
 
2014-08-27 03:47:31 PM

Anonymous Bosch: Why does this sucky blog whose name means "World Worldpolitics" keep turning up on Fark?


Subby doesn't listen to the Mainstream MSM Media.
 
2014-08-27 04:02:24 PM
So Debeo Sum Credo what would you do if you got a billion dollar pay check? Stop working?  Retire?  Or just count it as another since you got one two years ago?  What would you call somebody who can't stop doing something even though they don't need to?

How much money is enough for the Koch brothers?  How much money does Carl Icahn want?  All this is just games for them, a board game made large, were REAL people are the pawns and they don't care about anything other than themselves.  I've seen this up close.  People who think politics is a game.  Its about them winning and everyone else loosing.  They don't see real world consequences, their bubble is complete and self reinforcing.   Pain for others matters ZERO as long as they get paid, as long as they control the game.  Its destructive, it's evil and we know it is, but we ignore it because most people think not that they are poor, but they are temporarily embarrassed millionaires.

So what do you believe?  Is it better that a billionaire gets more money that they can't spend fast enough or people get to eat and have shelter?  Does the social contract mean anything or is it invalid because you got yours?  We know better, we can do better, and that's not propaganda, that's history and ethics talking.  But then I guess ethics isn't part of their mindset is it?  Anything as long as it makes money right?

/Why do lawyers call their volunteer work Pro Bono?
//The word Free isn't in their vocabulary
 
2014-08-27 04:50:21 PM
Your blog sucks.
 
2014-08-27 05:08:25 PM

Grahor: spawn73: It would also annoy everyone, except perhaps Russia, if Ukraine folded. Though, Ukraine failed to live up to a single economic promise it has made to the IMF and the EU so far. So I wonder whether they'll keep lending them money.

Lending money to Ukaine is kinda like throwing good money after bad money. Just accept that they're broke and corrupt, and get on with your life.

It's not even a case of "corrupt".

Ukraine is now in catastrophic situation. War, which means "someone have to pay soldiers", which means "money are being printed", plus lack of actual income (huge economic depression, for obvious reasons).

Hryvna was 12.5 for a $ couple of weeks ago. Now it's 14.5 for a dollar. Since Ukrainian population measures its quality of life by the stability of hryvna, the government is simply afraid that another popular uprising will happen, so it tries to float hryvna through administrative measures (population can't buy foreign currency) and market measures (using dollars to buy hryvnas).

That can't continue for long. Pretty soon Ukraine will be out of dollars and euro. What will happen them? Hyperinflation (with larger and larger parts of population suddenly expressing great desire to switch currencies. Say, to Russian Ruble.) or starving its own elderly/weak (same result).

Honestly, I see no scenario which will save Ukrainian economy, for now. And every day of war brings Ukraine closer to collapse. Putin don't need to attack Kiev; couple months more of low-key, steaming war, and Ukraine will be a dying cripple.


What would happen if someone (like the US) gave them aid in the form of money and guns?
 
2014-08-27 05:12:56 PM
Venezuela may default on its debt? Why, it is almost like nationalizing everything and giving it to your cronies is a bad idea! It worked so well in Zimbabwe...
 
2014-08-27 06:26:36 PM
Guns they have, lots. Money they need at least 20 billions this year alone, no chance to returnany time soon. US is not prepared for that.
 
2014-08-27 06:31:37 PM

Linux_Yes: rka: Linux_Yes: the good ole' USA started all this sh*t

I would say countries that have defaulted on their bonds started this.

How about not doing that in the first place? Then you don't have to worry about vulture bond holders trying to get you to pay what you originally agreed to pay.

Start farking around with loan sharks and you get what you deserve.


yea, just ask FreedomLand, they're being propped up by Communist (acc. to cia.gov) China and Japan.


If FreedomLand == USA, then you are factually incorrect. They are the largest foreign holder of US debt but they are a distant third on the list of single treasury holders.

FYI they aren't "propping" up the US. They have to find a home for the dollars they accumulate by fixing their currency against the dollar as that money represents a liability that has to get a return. The only place to put that much money is in US T-Bills.
 
2014-08-27 09:50:12 PM

rka: Linux_Yes: the good ole' USA started all this sh*t

I would say countries that have defaulted on their bonds started this.

How about not doing that in the first place? Then you don't have to worry about vulture bond holders trying to get you to pay what you originally agreed to pay.

Start farking around with loan sharks and you get what you deserve.


If you think that people or countries should be expected to live within their means and not borrow way too much money than they could ever pay back, you're clearly an evil Capitalist that hates brown people, women and healthcare.
 
2014-08-28 02:15:16 PM
All horny Farkers could pledge up to $1,000 for importation of hot Babez from Venz, Argentine, Ukr or other debt ridden country for Maid service and other tasks... Yeah, I need me Sofia V.'s twin sister in a French Maid Mini skirt!
 
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