This just in, NY Judge tells Mellon bank to return the money to Argentina! It was 500 million not 1 billion.
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This just in, NY Judge tells Mellon bank to return the money to Argentina! It was 500 million not 1 billion.
[QUOTE=Thomaso276;440150]This just in, NY Judge tells Mellon bank to return the money to Argentina! It was 500 million not 1 billion.[/QUOTE]She lies about everything else, so why wouldn't they exaggerate a "little" on how much they are paying?
[URL]http://www.usatoday.com/story/money/markets/2014/06/28/argentinas-debt-fight-what-it-is-why-it-matters/11620283/[/URL]
While the masses continue to scavenge the street for scraps, and the middle class worry about their mortgages, the rich and powerful play their corrupted games. What's a few tens of million dollars fluttering away by the wayside, in the end, they will always get their share of the spoils.
The Buenos Aires Herald has been covering the bond dispute and fluctuations in the "blue" rate for dollars in seemingly hour by hour detail.
The site is [URL]http://www.buenosairesherald.com/[/URL] Today I noticed an interesting article on the history of the debt accumulation in the
paper at [URL]http://www.buenosairesherald.com/article/163263/debt-which-debt[/URL] Not sure who the commentator (Tereschuk) is. He appears
to be pro Argentine, and possibly pro Argentine government.
[QUOTE=RevBS;440165][URL]http://www.usatoday.com/story/money/markets/2014/06/28/argentinas-debt-fight-what-it-is-why-it-matters/11620283/[/URL]
While the masses continue to scavenge the street for scraps, and the middle class worry about their mortgages, the rich and powerful play their corrupted games. What's a few tens of million dollars fluttering away by the wayside, in the end, they will always get their share of the spoils.[/QUOTE]How does a foreigner who is poor and weak vs. Someone who is rich and powerful travel to Thailand and Palawan?
Tres3.
[QUOTE=Tres3;440175]How does a foreigner who is poor and weak vs. Someone who is rich and powerful travel to Thailand and Palawan
Tres3.[/QUOTE]How much I spent in a week in Palawan, and my monthly living expenses in Bangkok, you would laugh & shake your head! Although I don't deny myself of anything that I want, it's just my wants are simple and non threatening to my social security payments. My flights from Manila to Puerto Princessa, round-trip for 2 people, $50. Of course, it's an air promotion on Air Asia. Next stop, a week in Kyoto in late September, don't laugh, please! I don't know why, but hotels are incredibly affordable the last week in September. Must be the off season which is the way to travel to avoid the crowds. Even then, I do have to dip under the mattress for that trip, but not too much.
Anyway, it has nothing to do with the Argentine government and the hedge funds who are suing them for non-payment. Who is the bigger crook in all this? I am sure the hedge funds understood Argentina? Hope you get the message.
By the way, I am running a summer camp for people who want to know how to live modestly but lacking nothing, personal or material. Not claiming to be a guru or in a state of nirvana, anything of that sort. And no guarantee of success for every candidate. But for your 1st step, stop buying lottery tickets back in California, okay? Winning will bring profound changes in your life, mostly, of the self destructive kind.
[QUOTE=RevBS;440176] But for your 1st step, stop buying lottery tickets back in California, okay? Winning will bring profound changes in your life, mostly, of the self destructive kind.[/QUOTE]FYI I do not live in California, and never in my life have I bought a lottery ticket from any jurisdiction.
However, I also believe in the rule of law, and Argentina has a history of being a scofflaw at both the government and personal level. If the government of Argentina thought that a USA Federal Judge, who is appointed for life in an attempt to avoid politics, would not enforce the pari passu clause of the bond indenture, the government is living in a dream world, and got what they deserved. Unfortunately, many persons are going to suffer who had no say in the government's decision. Throughout recorded history, regardless of the form of government, there have been haves and have nots. This will never change, so get used to it.
Tres3.
There certainly are some humorless folks on AP these days. I'm beginning to think some of these "mongers" never get laid.
Actually the Reverend told me he spent about $10,000 US on nothing but whoares and tequila in the Philipeenies.
[QUOTE=Doggboy;440186]There certainly are some humorless folks on AP these days. I'm beginning to think some of these "mongers" never get laid.
Actually the Reverend told me he spent about $10,000 US on nothing but whoares and tequila in the Philipeenies.[/QUOTE]You know I can't get it up anymore! But I'm always fearful I might be incline to do a Howard Marshall / Anna Nicole Smith type of scenario once the brain cells start mutating.
[URL]http://www.bangkokpost.com/business/news/417839/wealth-gap-keeps-li-awake[/URL]
Some observations from one of the richest man in the world, Li Ka Shing on government, education, widening wealth gap. He remarks: "What is most unsettling for me is that TRUST, the bedrock of an enlightened society is crumbling before our eyes. ".
I talk about INTEGRITY once before. Integrity is Trust. I could be wrong, but I think they are synonymous within a value system.
The below link was on Bloomberg this morning.
[URL]http://www.bloomberg.com/news/2014-06-29/argentina-at-brink-of-default-as-539-million-payment-due.html?cmpid=yhoo[/URL]
Tres3.
The below link gives the latest development in the Argentine debt saga. All I will say is that I would not risk pissing off a Federal Judge, especially after the Supreme Court has ruled on the issue.
[URL]http://finance.yahoo.com/news/bny-mellon-u-judge-argentinas-225431358.html[/URL]
Tres3.
The juiciest steak in all of Argentina is not to be found in its parillas, but its POLITICS. hehe lol
Looks like Argentina could default and their currency could tank as early as Aug 1. Any thoughts on this.
The Argentine government must be living in a dream world.
[URL]http://finance.yahoo.com/news/argentina-gets-set-debt-talks-calling-u-judge-155719969--sector.html[/URL]
Tres3.
[QUOTE=Tres3;440295]The Argentine government must be living in a dream world.
Tres3.[/QUOTE]LMAO! You are JUST figuring that out? This is Cristina's wonderful world of deceit and fantasy we are enjoying here!