BANKSTERS + MULTINATIONAL BILLIONAIRE LOOTERS = ALWAYS WIN IN A SICK AMERICA = ROB ENTIRE COUNTRIES

US SUPREME COURT Ruling on Argentina Gives Investors an Upper Hand

BANKSTERS + MULTINATIONAL BILLIONAIRE LOOTERS = ALWAYS WIN IN A SICK AMERICA

Hard cases = Make bad law = US Supreme Court = Ignored pleas of numerous countries = Turned Sovereign debt restructuring on its head = Damaged NY status as the world’s financial capital = Made it HARD for financially troubled countries to restructure their debts = More power to CRIMINAL EXPLOITING INVESTORS = Hedge fundsters buying distressed bonds at deep discounts SCAM = BET AGAINST THE COUNTRIES by preventing restructurings = Argentina Court of Appeals “a uniquely recalcitrant debtor” = Argentina plans to pay interest on Argentine bonds But NOW courts say that the country MUST pay all it owes on DECADES OLD defaulted debt BONDS = IMPOSSIBLE TO DO! = HEDGE FRAUDSTERS MAKE ANOTHER KILLING!

Argentina’s plan = Convert WALL STRRET Bonds it wants to pay into new bonds NOT SUBJECT TO WALL STREET BANKSTER LAWS.

An “informal system that has worked reasonably well, and has allowed most governments to restructure their bonds, at more or less reasonable cost.”

Destitute countries = Need WAYS to restructure and wipe out OLD debts and convert others to equity = Companies do it ALL THE TIME = Restructuring could involve reducing the amount owed + Lowering interest rate + Extending maturity + some combination of the three = IMF could be involved = GERMANY WW II = IMF “debtor-in-possession financing” loans

Countries have sovereign immunity for many of their assets located abroad. NOW US SUPREME CRIMINALS TRY TO TAKEOVER ENTIRE COUNTRIES!

Argentine case Hedge FRAUDSTERS WANT TO SUE Countries to SEIZE THEIR Assets = Captured an Argentine ship in Ghana, but had to release it.

Countries that issue bonds under New York law = SUFFER BANKSTER + HEDGE FRAUDSTER GRAB AND GREED.

New York COURTS + BANKSTER + HEDGE FRAUDSTER GRAB AND GREED = NO way to for COUNTRIES to restructure sovereign debts. = CRIMINALS GRAB THE COUNTRY AS THIER OWN! = Bank of New York EXAMPLE = COURTS rule contempt if Bank helped Countries restructured bonds without paying the old bonds as well = Extended Around the world = DICTATORS TO THE WORLD!

US GOV told courts this could lead to countries choosing to borrow under English law, rather than New York law, and thus diminish the role of New York as a world financial center. = “a detrimental effect on the systemic role of the U.S. dollar.” + “could enable a single creditor to thwart the implementation of an internationally supported restructuring plan, and thereby undermine the decades of effort the United States has expended to encourage a system of cooperative resolution of international debt crises.”

Judge Barrington D. Parker = Brushed aside ALL worries = calling Argentina a uniquely bad borrower = Brazil, France and Mexico told the Supreme Court that was nonsense

Joseph Stiglitz NOBEL PRIZE Columbia University Professor = Warned, “Unable to restructure, governments that default would be permanently shut out from the debt market, with consequential adverse effects on development and economic growth prospects.”

Supreme Court REFUSED to hear Argentina’s appeal, or ask US GOV its views.

Court = Decided a related case to make it easier for Hedge FRAUDSTERS to sue Argentina to reveal assets it owns around the world = to ROB ARGENTINA of its Vulnerable assets.

Argentina has defaulted after US IMF FRAUD SCAMS = But hurting such countries whose financial problems are ADDS MORE CRIMES = NEW YORK + American Court ordered 21st-century debtor’s prison for countries = TO SATISFY THE GREED AND LUST OF HEDGE FRAUDSTERS.

Judge Parker = “We believe that the interest — widely shared in the financial community (HEDGE FRAUDSTERS) — in maintaining New York’s status as one of the foremost commercial centers is advanced by requiring debtors, including foreign debtors, to pay their debts.”