The Aftermatch of the Argentinan Crisis and how Argentina came together....

[fluffybiscuits]

http://www.redpepper.org.uk/argentin...y-all-must-go/

Some of this appears to mirror some, I emphasise some, of what is happening in Ireland. The workers formed co-ops and occupied factories so that they could reclaim their jobs (similar to Vita Cortex workers at the moment). Co-ops were formed for people to save their jobs . Everyone in the poorer parts of town clubbed together and ensured at least people had a lunch of sorts . There was a barter exchange then at least people could trade for clothes, food etc etc. Would something similar like this happen in Ireland is austerity measures come in ? Argentina proved that with people power that with one small collection of acts (they burned tyres on roadways to draw attention, formed community action groups etc) that became larger groups and grew that it was possible for people to fight against the government and improve the life of its citizens.

[C. Flower]

http://www.redpepper.org.uk/argentin...y-all-must-go/

Some of this appears to mirror some, I emphasise some, of what is happening in Ireland. The workers formed co-ops and occupied factories so that they could reclaim their jobs (similar to Vita Cortex workers at the moment). Co-ops were formed for people to save their jobs . Everyone in the poorer parts of town clubbed together and ensured at least people had a lunch of sorts . There was a barter exchange then at least people could trade for clothes, food etc etc. Would something similar like this happen in Ireland is austerity measures come in ? Argentina proved that with people power that with one small collection of acts (they burned tyres on roadways to draw attention, formed community action groups etc) that became larger groups and grew that it was possible for people to fight against the government and improve the life of its citizens.

Yes, there's a very good video here on one of those factories, and how it kept going without a boss.

[MPB]

Yes, there's a very good video here on one of those factories, and how it kept going without a boss.

I used to work in a chemical plant and we worked shifts.

At a meeting one day a Manager asked why it was that we were more productive on the night shift.

He was,nt too impressed, when I pointed out that it was because he and the rest of the management were not there.

The gas thing was, that we used to make a batch of produce more on the night shift and still managed to get at least 4 hours kip each.

[fluffybiscuits]

I used to work in a chemical plant and we worked shifts.

At a meeting one day a Manager asked why it was that we were more productive on the night shift.

He was,nt too impressed, when I pointed out that it was because he and the rest of the management were not there.

The gas thing was, that we used to make a batch of produce more on the night shift and still managed to get at least 4 hours kip each.

Im like that, I hate people peering over my shoulder. Nothing as disconcerting...

[Ephilant]

When sharks don't take "No" for an answer...

The "Libertad", the Argentine military training vessel, while on a stop-over, was impounded in Tema, Ghana under a court order obtained by NML Capital, a subsidiary of US hedge fund Elliot Capital Management, one of Argentina's former creditors. ECM never accepted anything less than full repayment of the debt owed to it, believed to be in the region of 300 million USD.

Not only was the ship detained, the 300 member crew has also been "confiscated" and are very much so held prisoner until the demanded ransom of at least 20 million USD is handed over.

In a normal world this would be called PIRACY. In the financial world it's called debt recovery...

In an interesting development Alfredo Mario Blanco, the former organisational chief of the Argentine navy was arrested and is being investigated after it was found he had changed the itinerary of the ship at the last minute. Navy chief Carlos Alberto Paz has been replaced and two other senior naval officials have also been suspended.

And another bit of very interesting information was released by the Argentine President Cristina Fernandez de Kirchner who maintains that Elliot Capital Management is way out of line because it cannot impound items OF A MILITARY NATURE??? The Argentines seem to imply that there is some international agreement that military objects are indeed protected from financial vulture practices. What about 300 crew members, or are these considered military objects as well? Probably, after all, they are only canon fodder in a fancy dress uniform...

[Captain Con O'Sullivan]

That is how these vulture funds operate. I was on a drive-by observation of one member of just such a hedge-fund the other day- lives in New Jersey and is a governor of his child's school. The little biog he supplied to the school claims he works in 'emerging markets' which nicely conveys the impression he is 'helping' the developing world be more like America.

In fact he is one of these vulture funders who buy up national debt for cents on the dollar and operate a debt shark operation to try to get the full loan back- exactly what this other hedgefund Elliot Capital Management are doing.

Vulture funds were banned from operating in the UK I think a couple of years back off the back of an 'odious debt' campaign which saw these funds actually causing starvation in some small African nations where their Bertie Aherns deliberately ran up debts and stuffed swiss bank accounts and transferred the repayments to the sovereign.

The people who operate in this area should be attacked in the street. And they know exactly what they are doing because they are telling deliberate lies about what they do to their friends and neighbours.

I'm sure that guy I mention's little kid will have been told a nice story about what daddy does for a living so she can tell the class.

Essentially he looks like he works on Wall St but is no better than a sink estate lender on an international scale.

[fluffybiscuits]

Wikipedia has a snippet on vulture funds and includes a bit more on the situation in Africa. Even Gordon Browne when he was PM acknowledged them as being morally reprehensible.

http://en.wikipedia.org/wiki/Vulture...unds_in_Africa

It is the activities of American vulture funds in countries such as Zambia, Liberia, the Congo republics and other heavily indebted poor countries in Africa which have caused the most concern. In 2002 the British Chancellor (and later Prime Minister) Gordon Brown told the United Nations that it was “morally outrageous” and perverse that the vultures made vast profits by buying up the debts of these poor countries cheaply and then suing for ten or a hundred times what they paid for them.[1]
The IMF and World Bank agree that vultures endanger the gains made by debt relief to poorest countries “The Bank has already delivered more than US$40 billion in debt relief to 30 of these countries… thanks to this, countries like Ghana can provide micro-credit to farmers, build classrooms for their children, and fund water and sanitation projects for the poor” wrote World Bank Vice President Danny Leipziger in 2007 “Yet the activities of vulture funds threaten to undermine such efforts” and he went on “the strategies adopted by vulture funds divert much needed debt relief away from the poorest countries on earth and into the bank accounts of the wealthy”

[Captain Con O'Sullivan]

There is a notorious guy operating in that market who is based in the states ( as many of the vultures are) and I noticed that his company and his surname indicated some kind of cultural Irish connection.

It was his activities which led to something of an uproar from the third sector worldwide in relation to a small African nation a couple of years back. I think the guy's name might have been 'Lynch'...?

These people are basically utterly ruthless and are quite blatant about not caring a hoot if they push a people in famine. Deeply sociopathic in their approach.


They like lying to their neighbours though in gated communities in the states about what it is exactly that they do. Not good if little Gomer has to tell class that daddy is a vulture funder. Tends to crimp the social life even in the States.

[fluffybiscuits]

There is a notorious guy operating in that market who is based in the states ( as many of the vultures are) and I noticed that his company and his surname indicated some kind of cultural Irish connection.

It was his activities which led to something of an uproar from the third sector worldwide in relation to a small African nation a couple of years back. I think the guy's name might have been 'Lynch'...?

These people are basically utterly ruthless and are quite blatant about not caring a hoot if they push a people in famine. Deeply sociopathic in their approach.


They like lying to their neighbours though in gated communities in the states about what it is exactly that they do. Not good if little Gomer has to tell class that daddy is a vulture funder. Tends to crimp the social life even in the States.

I like this description from Veterans Today

Another good job for a sociopath is as a vulture capitalist. This is a person who takes control of a valuable company, sucks out all of the money and discards what is left. He has no regard for those individuals who have spent their lives building a company they can be proud of or the employees that lose their jobs as a result. His only concern is how much money can be made. By now, most of you have heard of the trail of destruction left by Mitt Romney and Bain Capital. For those not familiar with their behavior I will give a brief analogy. Suppose you borrowed money and bought a new car. Upon its delivery, you took it to a chop shop and had all of the valuable parts removed and sold. You then took what was left to a scrapyard and sold it as scrap. You then filed for bankruptcy and got out of paying back the car loan, but keeping all of the money you got along the way. If you had a lot of chutzpah you might even file an insurance claim to get paid for the loss of the car. Of course, in the real world, you would be arrested and charged with multiple counts of fraud, but in Mitt Land this is all legal.

http://www.veteranstoday.com/2012/08...path-in-chief/


Of course people in vulture funds are ruthless and have no humanity at all...