Wednesday, April 29, 2015

Remember Argentina's Debt?

Argentina has plenty of problems, but non-payment of vulture fund debt is not one of them.  She ahs been the object of blackmail and the smearbund, but she is unfazed:
"These papers they wrote were blown away by the wind and by reality. The truth is a few days ago Argentina returned to the capital markets, at reasonable rates, because we have honoured our debt, and we will continue honouring it. What we will never honour is international usury and scam,” she asserted on a nationwide broadcasted speech.
She went on to complain that back in 2014, "they pecked at Argentines’ heads and at Argentines’ economic expectations” with rumours that if the government didn’t reach a deal with vultures, “everything would fall down.”
note that...  we've been told over and over if anyone repudiates debt it is the end of the world.  Nonsense.  A few contributors to politicians would be wiped out, and others would clamor to take that place.

So it will be in time when hegemon repudiates what it owes to its devotees.  And the devotees who give tribute to hegemon will simply be replaced by others, one more flush.

Feel free to forward this by email to three of your friends.


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