Countdown To Default!

[Bajo_cero2]

Really good article that sums up this whole debacle in a well balanced and informed way.

http://roarmag.org/2014/08/argentina-defaults-vulture-funds/

Excellent!

 

[ghost]

Excellent!

SUB PAR!

 

[notebook.fix]

It is naive to think theres no geopolitics in this veredict.

It is also very naive to attempt to 'Malvinizar' something that is plainly a K government F***'up. Why did they buy out the debt when it was at 20% of what it's at now? The criminals in the pink house are busy brain washing 'simple' people's brains as usual.

 

[Matiasba]

It is also very naive to attempt to 'Malvinizar' something that is plainly a K government F***'up. Why did they buy out the debt when it was at 20% of what it's at now? The criminals in the pink house are busy brain washing 'simple' people's brains as usual.

maybe you can blame the Ks for lots of stuff, we can agree in some, but about (not) taking debt? or defending from vultures? not this time, not at all, this is the best government regarding the debt management.

 

[dennisr]

AR debt managed by the Ks has been excellent. Every time I hear that statement my eyes role. Many forget the pension fund ANSES. Government nationalized the fund and rolled the 28 billion us$ into their reserves. AR treasury borrowed that money for their projects. The fund is about wasted today. The borrowed dollars from the fund never show up as a deficit or a loan. Most creative bookkeeping on the planet. AR has outdone the USA and that is saying something. I give up.

 

[ajoknoblauch]

AR debt managed by the Ks has been excellent. Every time I hear that statement my eyes role. Many forget the pension fund ANSES. Government nationalized the fund and rolled the 28 billion us$ into their reserves. AR treasury borrowed that money for their projects. The fund is about wasted today. The borrowed dollars from the fund never show up as a deficit or a loan. Most creative bookkeeping on the planet. AR has outdone the USA and that is saying something. I give up.

The difference is that, despite all the Republican obstructionism, the US remains solvent. Employment is increasing, and inflation remains near zero.

 

[Matiasba]

AR debt managed by the Ks has been excellent. Every time I hear that statement my eyes role. Many forget the pension fund ANSES. Government nationalized the fund and rolled the 28 billion us$ into their reserves. AR treasury borrowed that money for their projects. The fund is about wasted today. The borrowed dollars from the fund never show up as a deficit or a loan. Most creative bookkeeping on the planet. AR has outdone the USA and that is saying something. I give up.

do you actually have any idea of how were the AFJPs before? do you know that the pensions are the strong point of the Ks, like La Nacion put it in front page a couple of years ago? everyone recognise as the best things the Ks did. Almost 3 million of new jubilados, with 2 raises per year, almost 300 dollars per person, it used to be 120 in the 90s!!

 

[ajoknoblauch]

do you actually have any idea of how were the AFJPs before? do you know that the pensions are the strong point of the Ks, like La Nacion put it in front page a couple of years ago? everyone recognise as the best things the Ks did. Almost 3 million of new jubilados, with 2 raises per year, almost 300 dollars per person, it used to be 120 in the 90s!!

And, with Argentina's price stability, their purchasing power is greater than ever!

 

[mc kenna]

maybe you can blame the Ks for lots of stuff, we can agree in some, but about (not) taking debt? or defending from vultures? not this time, not at all, this is the best government regarding the debt management.

10 years in power 10 years!!!!!! and this is the best they can do??knowing full well what they were getting into since el tuerto was with Menem from way back
They ran out of excuses,ran out of money,ran out of credit and now it's the damn vultures funds fault...... but of course not much you can do in 10 years to have a better outcome plus this particular gov is not used to be told to own up to their responsabilities(god knows if you do that within Argentina ,makes you facho )I don't like vulture funds but the root of the problem here is who was the brilliant Argentine politician that signed in the name of the Republic so now these f....kers tell all of us in the Republic what to do and not do

 

[Gringoboy]

So, we're all pregnant then?