Colonization by Bankruptcy: The High-stakes Chess Match for Argentina

By Ellen Brown *

If Argentina were in a high-stakes chess match, the country’s actions this week would be the equivalent of flipping over all the pieces on the board.

David Dayen, Fiscal Times, August 22, 2014

August 27, 2014 “ICH” – Argentina is playing hardball with the vulture funds, which have been trying to force it into an involuntary bankruptcy. The vultures are demanding what amounts to a 600% return on bonds bought for pennies on the dollar, defeating a 2005 settlement in which 92% of creditors agreed to accept a 70% haircut on their bonds. A US court has backed the vulture funds; but last week, Argentina sidestepped its jurisdiction by transferring the trustee for payment from Bank of New York Mellon to its own central bank. That play, if approved by the Argentine Congress, will allow the country to continue making payments under its 2005 settlement, avoiding default on the majority of its bonds.



Greg Palast: Why Are the Greek People Agreeing to Their Own Destruction?

By Michael Nevradakis, Truthout – Interview
English text follows greek summary

Ο Greg Palast είναι οικονομολόγος, ερευνητής-δημοσιογράφος και συγγραφέας βιβλίων best seller και δε φοβάται να «τα βάλει» με ισχυρούς πολιτικούς και οικονομικούς παράγοντες κάνοντας αποκαλύψεις γι αυτούς και τα έργα τους.

Στη συνέντευξη στον Μιχάλη Νεβραδάκη λέει πως η Ελλάδα είναι τόπος εγκλήματος. Ότι πεθαίνει και οι αιτίες είναι η λιτότητα και το ευρώ. «Η λιτότητα σε περίοδο ύφεσης είναι θανατική καταδίκη». Κριτικάρει έντονα τις ιδιωτικοποιήσεις, ιδιαίτερα του νερού και της ενέργειας, αλλά και την πώληση των μεταλλείων χρυσού στις Σκουριές έναντι ευτελούς τιμήματος : «σάς κλέβουν το χρυσό σας».

Για τον Palast η λύση είναι να φύγει η Ελλάδα από το ευρώ. «Πιστέψτε με, είναι σαν να ζείτε σε αποικία λεπρών. Το ευρώ είναι ένα τερατώδες κατασκεύασμα. Δεν έχει να κάνει με ζώνη ακμάζοντος (more…)

Mafia State: The US is the Don Corleone of International Politics

South America – Venezuela in particular – has been the target of a coordinated campaign by the US government and private industry over the past few years. But those of us who have been paying attention know this is nothing new.

WikiLeaks recently published new documents showing that US global intelligence corporations like Stratfor and its foreign offshoot CANVAS worked hard over the past decade (aided and abetted by US Government agencies) in a failed attempt to overthrow Venezuela’s democratically elected president Hugo Chavez.

Meddling in the ‘Backyard’

The US corporate over-world has always worked closely with the CIA, the State Department and the Pentagon promoting the overthrow – known as “regime change in rogue states” – of governments that do not automatically align to US interests; or, better said, of governments that do not automatically align with the interests of the supra-national global power elite that is deeply embedded inside private and public power structures in the US.

A supporter of Venezuelan President Hugo Chavez hangs a pair of shoes at the front of the US embassy in Caracas. (AFP Photo / Juan Baretto)

 A supporter of Venezuelan President Hugo Chavez hangs a pair of shoes at the front of the US embassy in Caracas. (AFP Photo / Juan Baretto) (more…)