Category: Aggregated

For the first time since its 2001 debt default, on April 21 Argentina successfully carried out a domestic bond issuance in the amount of $1.4 billion, defying its enemies in London and Wall Street, and the vulture funds they control, which had predicted the nation would never return to the capital market unless it gave in to the vultures’ extortion.

As Finance Minister Axel Kicillof announced from Moscow the same day, the vulture funds controlled by multibillionaire Paul Singer failed “to scare off investors” with the threat that they would block the issuance of the Bonar-2024 bonds. The $1.4 billion would be invested productively in infrastructure development, he said.

In an April 28 speech in Buenos Aires, President Cristina Fernández de Kirchner had more to say on this issue, ridiculing predictions made by the vultures and their local allies that unless Argentina agreed to pay these predators, it would collapse into economic chaos, lose reserves, suffer devaluation and capital flight, and remain entirely “isolated” internationally.

Argentina isn’t isolated, because it didn’t capitulate, she said. The government was able to return to the capital markets, she added:

“…Because we’ve honored the debt and will continue to honor it; but what we will never honor is international usury and international fraud. That you don’t honor; God forbids it, the Torah forbids it, the Koran forbids it. It is forbidden by all those who believe you can’t exploit the human being, sacrifice a people and a history to honor a handful [of vultures] who seized funds and resources for very little money and now expect to win exorbitant sums.”

Argentina, she said, has accomplished more than it set out to do, and proven “that for a country to function … you don’t have to let yourself be dragged down. You need a great deal of patriotism, dignity, much courage and a great deal of willpower.”

For the first time since its 2001 debt default, on April 21 Argentina successfully carried out a domestic bond issuance in the amount of $1.4 billion, defying its enemies in London and Wall Street, and the vulture funds they control, which had predicted the nation would never return to the capital market unless it gave in to the vultures’ extortion.

As Finance Minister Axel Kicillof announced from Moscow the same day, the vulture funds controlled by multibillionaire Paul Singer failed “to scare off investors” with the threat that they would block the issuance of the Bonar-2024 bonds. The $1.4 billion would be invested productively in infrastructure development, he said.

In an April 28 speech in Buenos Aires, President Cristina Fernández de Kirchner had more to say on this issue, ridiculing predictions made by the vultures and their local allies that unless Argentina agreed to pay these predators, it would collapse into economic chaos, lose reserves, suffer devaluation and capital flight, and remain entirely “isolated” internationally.

Argentina isn’t isolated, because it didn’t capitulate, she said. The government was able to return to the capital markets, she added:

“…Because we’ve honored the debt and will continue to honor it; but what we will never honor is international usury and international fraud. That you don’t honor; God forbids it, the Torah forbids it, the Koran forbids it. It is forbidden by all those who believe you can’t exploit the human being, sacrifice a people and a history to honor a handful [of vultures] who seized funds and resources for very little money and now expect to win exorbitant sums.”

Argentina, she said, has accomplished more than it set out to do, and proven “that for a country to function … you don’t have to let yourself be dragged down. You need a great deal of patriotism, dignity, much courage and a great deal of willpower.”

A seminar sponsored by Executive Intelligence Review (EIR) on the New Silk Road/BRICS alternative to the trans-Atlantic drive for war, drew about 40 guests in Frankfurt Wednesday afternoon, some of whom traveled from cities as far as 2-3 hours away. In addition to the keynote by EIR Editorial Board member and Schiller Institute founder/chairwoman Helga Zepp-LaRouche, speakers included Prof. Shi Ze, Senior Research Fellow at the China Institute of International Studies; former Greek ambassador and diplomat Leonidas Chrysanthopoulos; the director of the Malaysian Investment Development Agency, S. Sundara Raja; and the Ethiopian Consul-General in Frankfurt. The audience included several more representatives of the diplomatic community in Frankfurt, notably the Vice-Consul of China, Mr. Fang.

Particularly the presentations by the speakers from China, Greece, Malaysia, and Ethiopia brought a lively message across to those attending that their four home countries have learned lessons from political and economic mistakes of the past: They no longer listen to the dubious and mostly catastrophic advice of the IMF experts and the Western monetarist bankers, but focus instead on policies that serve the development of the national real economy and the well-being of their citizens. No geopolitics, no spheres of influence. All four countries are making progress, and the development of the BRICS is viewed as a great potential that can and will be tapped—for the benefit of all nations. The BRICS and New Silk Road being the only real alternatives to the ailing globalized monetarist system which Mrs. Zepp-LaRouche spoke about in her keynote, became quite visible in those four detailed presentations from and about China, Greece, Malaysia, and Ethiopia.

A seminar sponsored by Executive Intelligence Review (EIR) on the New Silk Road/BRICS alternative to the trans-Atlantic drive for war, drew about 40 guests in Frankfurt Wednesday afternoon, some of whom traveled from cities as far as 2-3 hours away. In addition to the keynote by EIR Editorial Board member and Schiller Institute founder/chairwoman Helga Zepp-LaRouche, speakers included Prof. Shi Ze, Senior Research Fellow at the China Institute of International Studies; former Greek ambassador and diplomat Leonidas Chrysanthopoulos; the director of the Malaysian Investment Development Agency, S. Sundara Raja; and the Ethiopian Consul-General in Frankfurt. The audience included several more representatives of the diplomatic community in Frankfurt, notably the Vice-Consul of China, Mr. Fang.

Particularly the presentations by the speakers from China, Greece, Malaysia, and Ethiopia brought a lively message across to those attending that their four home countries have learned lessons from political and economic mistakes of the past: They no longer listen to the dubious and mostly catastrophic advice of the IMF experts and the Western monetarist bankers, but focus instead on policies that serve the development of the national real economy and the well-being of their citizens. No geopolitics, no spheres of influence. All four countries are making progress, and the development of the BRICS is viewed as a great potential that can and will be tapped—for the benefit of all nations. The BRICS and New Silk Road being the only real alternatives to the ailing globalized monetarist system which Mrs. Zepp-LaRouche spoke about in her keynote, became quite visible in those four detailed presentations from and about China, Greece, Malaysia, and Ethiopia.

Helga Zepp-LaRouche, in the midst of an extraordinary week in which she addressed three major “New Silk Road” conferences in Europe, began her speech to the Cultural-Business Dialogue in Baden-Baden April 25 in this way:

This the system of the BRICS-allied nations. The oligarchical system is dominated by the City of London financial imperialists and threatens global depopulation and thermonuclear war. Look at the situation in Yemen — the latest outbreak of genocidal wars backed by President Obama in the Mideast and North Africa — where the Red Cross reports that 12 million of the 20 million Yemenis, being bombed and completely blockaded by Saudi Arabia, Qatar and the U.S. Navy, are “food-insecure” or lack any food at all. Most also now lack water, which cannot even be pumped with no fuel or electricity. This while many thousands are being drowned in the Mediterranean trying to flee to Europe from terror operations set in motion by Obama’s and Cameron’s wars in Libya, Syria, Iraq.

Then look at the large-scale, nearly instantaneous and fully collaborative response by China and India — the BRICS — to the disastrous Nepal earthquake, with combined deployments of army groupings from both BRICS powers for reconstruction, and the extraordinary Indian pledge of $10 billion for infrastructure reconstruction in one small country.

Compare Obama’s Trans-Pacific Partner (TPP) — such a Wall Street swindle that opposing it has become a touchstone for the next Presidential candidate of his own party — to the last ten years’ series of actual trade agreements between China, ASEAN countries, and South Korea. These have resulted in extraordinary growth in intra-Asian trade in goods over that decade.

Or consider the Bolivian vice president’s extraordinary commitment of that nation to “produce ideas, export ideas, create a society of knowledge and science.” Bolivia has moved immediately to the BRICS alliance, and has enjoyed among the most rapid economic growth in the continent.

We are fighting two fascist puppets of the London-centered oligarchical system in the United States, President Barack Obama and California Governor Jerry Brown. “Brownshirt” is facing resistance from municipalities and companies throughout California to his 25% mandatory water cut; now he has asked for legislative power to fine residents or businesses $10,000/day for not giving up their use of water — when there is an ocean full of water at the state’s shores. When LaRouchePAC has bluntly organized residents to “jail this Nazi,” its organizers have gotten a dynamic response from Californians.

Obama has stepped into a trap with his “TPP” intended attack on China and the Asian Infrastructure Investment Bank, which has turned into an attack on his own party on behalf of Wall Street. There is an internal revolt against him and the resources on the planet as a whole to defeat him. The time has come to force this puppet of London out of office.

Helga Zepp-LaRouche, in the midst of an extraordinary week in which she addressed three major “New Silk Road” conferences in Europe, began her speech to the Cultural-Business Dialogue in Baden-Baden April 25 in this way:

This the system of the BRICS-allied nations. The oligarchical system is dominated by the City of London financial imperialists and threatens global depopulation and thermonuclear war. Look at the situation in Yemen — the latest outbreak of genocidal wars backed by President Obama in the Mideast and North Africa — where the Red Cross reports that 12 million of the 20 million Yemenis, being bombed and completely blockaded by Saudi Arabia, Qatar and the U.S. Navy, are “food-insecure” or lack any food at all. Most also now lack water, which cannot even be pumped with no fuel or electricity. This while many thousands are being drowned in the Mediterranean trying to flee to Europe from terror operations set in motion by Obama’s and Cameron’s wars in Libya, Syria, Iraq.

Then look at the large-scale, nearly instantaneous and fully collaborative response by China and India — the BRICS — to the disastrous Nepal earthquake, with combined deployments of army groupings from both BRICS powers for reconstruction, and the extraordinary Indian pledge of $10 billion for infrastructure reconstruction in one small country.

Compare Obama’s Trans-Pacific Partner (TPP) — such a Wall Street swindle that opposing it has become a touchstone for the next Presidential candidate of his own party — to the last ten years’ series of actual trade agreements between China, ASEAN countries, and South Korea. These have resulted in extraordinary growth in intra-Asian trade in goods over that decade.

Or consider the Bolivian vice president’s extraordinary commitment of that nation to “produce ideas, export ideas, create a society of knowledge and science.” Bolivia has moved immediately to the BRICS alliance, and has enjoyed among the most rapid economic growth in the continent.

We are fighting two fascist puppets of the London-centered oligarchical system in the United States, President Barack Obama and California Governor Jerry Brown. “Brownshirt” is facing resistance from municipalities and companies throughout California to his 25% mandatory water cut; now he has asked for legislative power to fine residents or businesses $10,000/day for not giving up their use of water — when there is an ocean full of water at the state’s shores. When LaRouchePAC has bluntly organized residents to “jail this Nazi,” its organizers have gotten a dynamic response from Californians.

Obama has stepped into a trap with his “TPP” intended attack on China and the Asian Infrastructure Investment Bank, which has turned into an attack on his own party on behalf of Wall Street. There is an internal revolt against him and the resources on the planet as a whole to defeat him. The time has come to force this puppet of London out of office.