Argentina Accuses US of Judicial Malpractice for Triggering Needless Default

Are we watching the cartoons before the feature presentation? Can we just get to the Main Event, please? I’m embarrassed for them just watching these jokers.

The cabal doesn’t seem to realize how absurdly obvious their actions are. It’s getting to be like slapstick comedy. Each outrageous trick has to top the previous.

This one, too, is utterly transparent. Any nation that doesn’t go along with their plan for global domination pays the price in one way or another—or many. 

And we have a rerun, too.  In N. Korea’s latest tirade, Kim Jong-un threatened AGAIN to use a nuke on the USA. It’s more theatre, I guess, since they didn’t show up for their last act in the drama, as promised. (or as the lamestream media promised)

In fact, the word on the street was that it has actually been Kim Jong-un’s GRANDMOTHER who has been running things. That’s why no one noticed when he simply disappeared with tail between legs after his original threat.

You know…if N. Korea’s target was very specific… like, just the White House… I’d say go for it. And don’t forget Congress—while in session. Enough already. Short of a miracle, I can’t see these kids playing nicely together in the sand box any time soon.

Thanks to American Kabuki for this.  ~ BP

 

 

Argentina Accuses US of Judicial Malpractice for Triggering Needless Default

Country threatens to take US to The Hague after defaulting on its debts for the second time in 12 years

Ambrose Evans-Pritchard By Ambrose Evans-Pritchard
7:56PM BST 31 Jul 2014

Argentina has threatened to take the US to the International Court of Justice for judicial malpractice, accusing the country of gross incompetence for allowing two small hedge funds to push the Argentine state into default, regardless of the mayhem caused for other creditors and the damage to ordinary people.

The bitter attack came after a New York court prevented Argentina paying $539m to its creditors even though the Peronist government of Cristina Kirchner wants to do so, in the latest bizarre development in the country’s long struggle to regain access to global capital markets.

Judge Thomas Griesa said Argentina must first pay $1.5bn in arrears to “hold-out” investors who never accepted a restructuring deal following Argentina’s last default 12 years ago, even though many scooped up the bonds for a fraction of their face value during the crisis.

Standard & Poor’s immediately declared the country to be in “selective default” after a last-minute compromise collapsed and the deadline passed on Wednesday night. Fears of a chain reaction set off panic in Buenos Aires, where the Merval index of stocks fell 7pc and leading banks plunged 12pc. Other markets suffered, too, with America’s Dow Jones Industrial Average down 1.6pc in late trading. All major European markets fell, too.

“To say that Argentina is in technical default is a ridiculous hoax,” said Jorge Capitanich, Argentina’s cabinet chief, accusing Judge Griesa of acting as an “agent” of speculative funds. “There’s been mala praxis here by the US justice system, for which all three branches of the government are responsible. Argentina has tried to negotiate in good faith,” he said.

Mr Capitanich said Argentina is considering calling for a debate at the United Nations and launching an appeal at the International Court of Justice in The Hague. “We can’t have a global financial system that lets a miniscule group of funds undermine the process of debt restructuring,” he said.

The default will almost certainly push the country deeper into recession but is nothing like the traumatic events of 2000-2002 when Argentina’s GDP contracted by 11pc. Police lost control of the streets and president Fernando de la Rua had to be rescued from the roof of his mansion, Casa Rosada, in an air force helicopter. The country then defied the world, imposing a 70pc haircut on bondholders in the biggest debt repudiation in history.

This time Argentina is widely seen as the victim of sharp practice. “This has been forced upon Argentina by predatory speculators. Paying the vulture funds would be disastrous, making it harder for countries across the world to resolve future debt crises,” said Sarah-Jayne Clifton, from the Jubilee Debt Campaign.

Axel Kicillof, the economy minister, said Argentina has been paying interest willingly to 92pc of bondholders who accepted deals to restructure the country’s debt in 2005 and 2010, but could not settle with “vulture funds” without setting off an avalanche of claims that could cost the country more than $100bn.

So-called RUFO (rights upon future offers) clauses in the restructured bond stipulated that these bondholders must be offered the same terms as the hold-outs, though some have already said they would waive their rights to help break the deadlock. The hold-out funds NML Capital and Aurelius Capital Management say they offered a compromise through a court-appointed mediator but Argentina refused to give any ground.

In a sign of how Baroque this saga has become, Argentina actually tried to wire the payment to US banks in New York but the money was returned in order to comply with a court order, leaving it unclear whether this will trigger credit default swaps on Argentina’s debt worth $1bn. The Argentine press said the government may pay the interest into an escrow account to maintain the goodwill of the main bondholders.

Neil Shearing, from Capital Economics, said the impasse is likely to last months, with Argentina stuck in limbo until these RUFO clauses expire at the end of the year. “The longer the dispute goes on, the greater the economic damage. Our forecast is for GDP to contract 1pc this year,” he said.

The interminable drama is a reminder of how difficult it can be for a country to regain its footing in financial markets if it breaks the taboo and carries out a unilateral default outside the auspices of the International Monetary Fund.

Countries that turn to the IMF usually recover trust quickly. Uruguay was able to borrow again within a year after defaulting in 2003 because it was seen to have behaved honourably, even heroically. Argentina is still shut out of global capital markets 12 years later.

Although Argentina recovered during the global commodity boom – crucially after breaking free of its deflationary dollar peg – it has been left far behind by well-managed states like Chile. It has never been able to develop its shale industry because it cannot borrow abroad, and remains stuck in a low-growth trap.

The peso was devalued by 20pc in January. Foreign reserves have fallen to three months import cover, money is leaking out in capital flight and the current deficit is nearly 3pc of GDP. The economy is now in the grip of old-style Latin American stagflation, with GDP contracting even as prices rise by 2pc a month.

For the country that was one of the five richest nations in the world in 1900 and once seemed like Australia’s economic twin, the lurch from crisis to crisis since the 1940s is a textbook study of bad government.

Source

 

ITCCS Update with Kevin Annett re: Pope Francis, Russia, China and Progress in Genocide Cases [video]

In this video, Kevin does a superb job of tying together many aspects of the global war against tyranny, and linking many countries in the financial scheme, the power-block and the genocide/child rape/child trafficking across multiple continents involving the Vatican, the British Monarchy, Latin America and Canada.

If the above are new issues for you, I highly recommend this short video interview with Canada’s Rev. Kevin Annett and Alfred Lambremont Webre.

This is also a valuable update and some positive news for those who have been following the ITCCS activities for some time and their initiatives in Common Law Courts despite recent strikes against members.

Kevin Annett (ITCCS.ORG): Pope Francis, Vatican join with China, Putin for world currency & power

Also see ITCCS.org for more information

Source

Ho-Hum… Another False Flag

Oh, I DO love a new false flag to set the Internet all a-flutter, don’t you? And Twitter… and Facebook…and all the mass media outlets. It keeps life exciting, doesn’t it?

Oh, I’m sorry, do I sound blasé about the whole thing—including the deaths of innocent people? My apologies. I suppose I’ve become desensitized. Sigh.

The fool-proof formula is decked out in neon lights and impossible to ignore. I’m no investigative journalist, but I’ve obviously been hanging out with the conspiracy theorists too long because the instant I heard about the shooting, I knew.

Who among the media—and I mean the ‘REAL’ journalists—will crack first and expose this “game” for what it is? That’s what I’d like to know.

In the interim, all we have are the non-journalists, bless their hearts. We will enlighten the world. We will share the truth where none else will tread. 

Here’s some more excellent non-journalism and a good history lesson.  ~ BP

The Navy Yard Shootings

From Brasscheck TV:

Same old, same old.

First it’s three shooter, then it was two.

Now it’s just one – and he’s dead.

He had no motive, but the politicians are already using the event to advance pre-set agendas.

Rally around the commander and chief, do what he says, and turn over your guns.

 

NATO and the terrorist network Gladio What was Operation Gladio?

It was a combination of gansgters and NATO operatives who collaborated together to stage terrorist acts throughout Europe, the Middle East and Latin America.

Sometimes they were designed to appear to originate from right wing groups. Other times from left wing groups.

The point was to destabilize governments that were not 100% compliant with US wishes.

Officially the program ran from 1953 to 1958 – but many researchers believe it operated a lot longer, from 1947 to 1981.

Interestingly, Donald Rumsfeld, whose bloody hands appear everywhere, was for a time the US’s permanent representative to NATO during the Operation Gladio program.

See the video here:

http://www.brasschecktv.com/page/11742.html

– Brasscheck

P.S. Please share Brasscheck TV e-mails and
videos with friends and colleagues.

That’s how we grow. Thanks.

America Is Running the World’s Largest Terrorist Operation

Chomsky: “Obama Is Running The Biggest Terrorist Operation That Exists”

Leading liberal Noam Chomsky said yesterday:

The Obama administration is dedicated to increasing terrorism. In fact, it’s doing it all over the world. Obama is running the biggest terrorist operation that exists, maybe in history: the drone assassination campaigns, which are just part of it […] All of these operations, they are terror operations.

***

People hate the country that’s just terrorizing them. That’s not a surprise. Just consider the way we react to acts of terror. That’s the way other people react to [American] acts of terror.

Chomsky is right. Experts agrees that indiscriminate drone strikes are war crimes (more here and here).

The U.S. is not only killing people whose identity it doesn’t even know (more), but it is also killing children. And it is using the justifiably-vilified Al Qaeda tactic of killing people attending funerals of those killed – and targeting people attempting to rescue people who have been injured by – our previous strikes.

Chomsky has previously extensively documented U.S. terrorism. As Wikipedia notes:

Chomsky and Herman observed that terror was concentrated in the U.S. sphere of influence in the Third World, and documented terror carried out by U.S. client states in Latin America. They observed that of ten Latin American countries that had death squads, all were U.S. client states.

***

They concluded that the global rise in state terror was a result of U.S. foreign policy.

***

In 1991, a book edited by Alexander L. George [the Graham H. Stuart Professor of Political Science Emeritus at Stanford University] also argued that other Western powers sponsored terror in Third World countries. It concluded that the U.S. and its allies were the main supporters of terrorism throughout the world.

Indeed, the U.S. has created death squads in Latin America, Iraq and Syria.

The director of the National Security Agency under Ronald Reagan – Lt. General William Odom – noted:

Because the United States itself has a long record of supporting terrorists and using terrorist tactics, the slogans of today’s war on terrorism merely makes the United States look hypocritical to the rest of the world.

Odom also said:

By any measure the US has long used terrorism. In ‘78-79 the Senate was trying to pass a law against international terrorism – in every version they produced, the lawyers said the US would be in violation.

(audio here).

The Washington Post reported in 2010:

The United States has long been an exporter of terrorism, according to a secret CIA analysis released Wednesday by the Web site WikiLeaks.

The head and special agent in charge of the FBI’s Los Angeles office said that most terror attacks are committed by our CIA and FBI.

Some in the American military have intentionally tried to “out-terrorize the terrorists”.

As Truthout notes:

Both [specialists Ethan McCord and Josh Stieber] say they saw their mission as a plan to “out-terrorize the terrorists,” in order to make the general populace more afraid of the Americans than they were of insurgent groups.

In the interview with [Scott] Horton, Horton pressed Stieber:

“… a fellow veteran of yours from the same battalion has said that you guys had a standard operating procedure, SOP, that said – and I guess this is a reaction to some EFP attacks on y’all’s Humvees and stuff that killed some guys – that from now on if a roadside bomb goes off, IED goes off, everyone who survives the attack get out and fire in all directions at anybody who happens to be nearby … that this was actually an order from above. Is that correct? Can you, you know, verify that?

Stieber answered:

“Yeah, it was an order that came from Kauzlarich himself, and it had the philosophy that, you know, as Finkel does describe in the book, that we were under pretty constant threat, and what he leaves out is the response to that threat. But the philosophy was that if each time one of these roadside bombs went off where you don’t know who set it … the way we were told to respond was to open fire on anyone in the area, with the philosophy that that would intimidate them, to be proactive in stopping people from making these bombs …”

Terrorism is defined as:

The use of violence and threats to intimidate or coerce, especially for political purposes.

So McCord and Stieber are correct: this constitutes terrorism by American forces in Iraq.

The U.S. has been directly supporting Al Qaeda and other terrorists and providing them arms, money and logistical support in Syria, Libya, Mali, Bosnia, Chechnya, Iran, and many other countries … both before and after 9/11. And see this.

Torture – which the U.S. has liberally used during the last 10 years – has long been recognized as a form of terrorism.

Wikipedia notes:

Worldwide, 74% of countries that used torture on an administrative basis were U.S. client states, receiving military and other support to retain power.

Some Specific Examples …

The CIA admits that it hired Iranians in the 1950′s to pose as Communists and stage bombings in Iran in order to turn the country against its democratically-elected prime minister.

The former Italian Prime Minister, an Italian judge, and the former head of Italian counterintelligence admit that NATO, with the help of the Pentagon and CIA, carried out terror bombings in Italy and other European countries in the 1950s and blamed the communists, in order to rally people’s support for their governments in Europe in their fight against communism.

As one participant in this formerly-secret program stated: “You had to attack civilians, people, women, children, innocent people, unknown people far removed from any political game. The reason was quite simple. They were supposed to force these people, the Italian public, to turn to the state to ask for greater security” (and see this)(Italy and other European countries subject to the terror campaign had joined NATO before the bombings occurred).

As admitted by the U.S. government, recently declassified documents show that in the 1960′s, the American Joint Chiefs of Staff signed off on a plan to blow up AMERICAN airplanes (using an elaborate plan involving the switching of airplanes), and also to commit terrorist acts on American soil, and then to blame it on the Cubans in order to justify an invasion of Cuba. See the following ABC news report; the official documents; and watch this interview with the former Washington Investigative Producer for ABC’s World News Tonight with Peter Jennings.

Nine months earlier, a false flag attack was discussed in order to justify an invasion of the Dominican Republic. Specifically, according to official State Department records, Under Secretary of State Chester Bowles wrote on June 3, 1961:

The Vice President [Lyndon Johnson], [Attorney General] Bob Kennedy, Secretary [of Defense Robert] McNamara, Dick Goodwin [who was Deputy Assistant Secretary of State for Inter-American Affairs], [head of the Joint Chiefs of Staff] General Lemnitzer, Wyn Coerr, and Ted Achilles were here. Bob McNamara and Lemnitzer stated that under the terms of the contingency paper, they were required to be prepared to move into the island on short order if required to do so, and this, in their opinion, called for substantially more troops that we had in the area. After some discussion we considered two more aircraft carriers, some destroyers, and 12,000 marines should be moved into a position some one hundred miles off the Dominican Republic shore…

The tone of the meeting was deeply disturbing. Bob Kennedy was clearly looking for an excuse to move in on the island. At one point he suggested, apparently seriously, that we might have to blow up the Consulate to provide the rationale.

His general approach, vigorously supported by Dick Goodwin, was that this was a bad government, that there was a strong chance that it might team up with Castro, and that it should be destroyed–with an excuse if possible, without one if necessary.

Rather to my surprise, Bob McNamara seemed to support this view …

The entire spirit of this meeting was profoundly distressing and worrisome, and I left at 8:00 p.m. with a feeling that this spirit which I had seen demonstrated on this occasion and others at the White House by those so close to the President constitutes a further danger of half-cocked action by people with almost no foreign policy experience, who are interested in action for action’s sake, and the devil take the highmost …

[At a subsequent meeting], Bob McNamara went along with their general view that our problem was not to prepare against an overt act by the Dominican Republic but rather to find an excuse for going into the country and upsetting it.

Department of Justice lawyer John Yoo suggested in 2005 that the US should go on the offensive against al-Qaeda, having “our intelligence agencies create a false terrorist organization. It could have its own websites, recruitment centers, training camps, and fundraising operations. It could launch fake terrorist operations and claim credit for real terrorist strikes, helping to sow confusion within al-Qaeda’s ranks, causing operatives to doubt others’ identities and to question the validity of communications.”

As Chris Floyd and many others have noted, this plan has gone live.

United Press International reported in June 2005:

U.S. intelligence officers are reporting that some of the insurgents in Iraq are using recent-model Beretta 92 pistols, but the pistols seem to have had their serial numbers erased. The numbers do not appear to have been physically removed; the pistols seem to have come off a production line without any serial numbers. Analysts suggest the lack of serial numbers indicates that the weapons were intended for intelligence operations or terrorist cells with substantial government backing. Analysts speculate that these guns are probably from either Mossad or the CIA. Analysts speculate that agent provocateurs may be using the untraceable weapons even as U.S. authorities use insurgent attacks against civilians as evidence of the illegitimacy of the resistance.

And there is substantial additional evidence of hanky panky in Iraq.

Source

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