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Author Topic: Argentina Defaults 2nd time in 13 years!  (Read 4865 times)
galbros
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August 07, 2014, 11:46:08 PM
 #61

Not sure if it has been pointed out, but Argentina maintains that it has not defaulted since it made its interest payment to the disbursing agent for its bonds.  The agent is simply unable to distribute it because of a US court order.  This is different than last time and I wonder if their international appeal will work.  Given that the Obama Administration supported the official Argentina position, they may allow the Hague Court to rule on this.
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August 08, 2014, 09:48:15 AM
Last edit: August 08, 2014, 10:02:22 AM by Swordsoffreedom
 #62

I bet you can rent a lot of ass and pussy in Argentina for bitcoins and get favorable treatment.

So your solution is prostitution?    Grin

I wouldn't mind, considering...

Quote

Rocío Guirao Díaz
Model
Rocío Guirao Díaz is an Argentine fashion model from Muse Management. Wikipedia
Born: June 27, 1984 (age 30), Buenos Aires, Argentina

Someone had to do it...

That does seem like it is worth some consideration
Anyways I guess a generation of bitcoiners could support their economy that way lol.

Not sure if it has been pointed out, but Argentina maintains that it has not defaulted since it made its interest payment to the disbursing agent for its bonds.  The agent is simply unable to distribute it because of a US court order.  This is different than last time and I wonder if their international appeal will work.  Given that the Obama Administration supported the official Argentina position, they may allow the Hague Court to rule on this.

Hmm
Argentina: Where a Default Is Not a Default
Blame the ‘vulture funds.’
http://spectator.org/articles/60183/argentina-where-default-not-default

. Around 93 percent those creditors accepted haircuts of roughly 70 percent in exchanges that took place in 2005 and 2010, but a few bought up defaulted bonds for pennies on the dollar, and pursued a longshot: repayment in full through the U.S. courts. In June, Griesa ordered Argentina to reach a settlement with a group of those holdouts who are owed $1.3 billion plus interest. Since that didn’t happen, he’s now blocking payment to most of the remaining bondholders until Argentina does settle. That’s triggered default, and the possibility that the rest of the bondholders will demand accelerated repayment.

The people have given up hope of things ever being different, in Argentina so they need to find a way to start fresh.
https://www.youtube.com/watch?v=BovLkIiNQNY 1 Hour Vid of your statement though

http://www.forbes.com/sites/alejandrochafuen/2014/08/06/argentinas-default-playing-politics-with-u-s-courts-and-wall-street/

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