U R G E N T
Dear Friends and Colleagues,
I am relaying below a new article just published in (RT) Russia Today’s
website called, “Argentine advice for Greece: Default Now!”.
Here’s the link:
I feel that this is an important article for Greece, Europe and most
countries around the world.
May I ask you please help us spread it as far and wide as possible?
Thank you and regards,
Go to main page <http://rt.com/> News <http://rt.com/news/> Argentine
advice for Greece: ‘Default Now!’
Argentine advice for Greece: ‘Default Now!’
Published: 23 February, 2012, 20:43
Edited: 23 February, 2012, 20:43
Here in Argentina, when we watch the terrible things that are happening
today in Greece, we can only exclaim, “Hey!! That’s exactly what happened in
Argentina in 2001 and 2002…!”
A decade ago, Argentina too went through a systemic Sovereign Public Debt
collapse resulting in social turmoil, worker hardship, rioting and street
fights with the police.
Some months before Argentina exploded, then-President Fernando de la Rúa –
forced to resign at the height of the 2001 crisis – had called back as
finance minister the notorious pro-banker, Trilateral Commission member and
Rockefeller/Soros/Rhodes protégé Domingo Cavallo.
Cavallo was the gruesome architect of Argentina’s political and economic
capitulation to the US and UK when he was President Carlos Menem’s foreign
minister and economy minister in the ’90s. Menem and Cavallo are primarily
responsible for Argentina’s signing of a formal Treaty of Capitulation with
the UK/US after the 1982 Falklands War, opening up our economy to
unrestricted privatization, deregulation and grossly excessive US
Dollar-indebtedness, almost tripling our sovereign debt in a few short years
(see my February 11, 2012 article British Laughter in the Falklands
The Plan? Prepare Argentina for planned weakening, bankster take-over and
collapse, so that a new weakening-takeover-collapse cycle could begin. In
2001, Cavallo was back to finish his work…
During that very hot summer in December 2001, true to its Latin temperament,
Argentina even had four (yes, 4!) presidents in just one week. One of them,
Adolfo Rodriguez Sáa who only lasted three days, at least did one thing
right, even if he did it the wrong way: he declared Argentina’s default on
its sovereign debt.
All hell broke loose! The international bankers and IMF did everything they
could to break Argentina’s back; global media pundits predicted all kinds of
impending catastrophes. Debt default meant Argentina would have to weather
the pain and agony alone, being cast out by the “international financial
‘You’re not the boss of me!’
But no matter how bad it got, it would always be better to do that without
the bankers, without the IMF’s, European Central Bank’s, US Fed’s and US
Treasury’s “help”. Better to sort out your mess on your own, than to have
parasitic banker vultures carving out their pound of flesh from your
nation’s decaying social and economic body.
And how bad did it get in 2002? A 40 per cent drop in GDP; 30 per cent
unemployment; 50 per cent of the population fell below the poverty line;
dramatic, almost overnight, devaluation against the US Dollar from 1 peso
per dollar to 4 pesos per dollar (then it tapered down to 3 pesos per
dollar); if you had a US dollar Bank account, the government forced you to
change it into pesos at the rate of 1.40 pesos per dollar.
What did Argentina’s government do wrong? In the months leading to collapse
it bowed to all the bankers and IMF-mandated measures and “recipes”, which
were actually the very cause of collapse: Argentina was loaned far more than
it could pay back…. And the bankers knew it! This was described in our
December 19, 2011 article, Argentina: Tango Lessons
Successive governments since then have continued to be functional to banker
interests by rolling over debt 30 to 40 years, aggregating huge interest and
in 2006 paying the full debt to the IMF – almost US$10 billion in full, cash
and in US dollars (sole entity given most-favoured creditor status) getting
nothing in return.
Same vultures circling Greece
Today, Greece is confronted with a similarly tough decision. Either it keeps
its sovereignty, or it capitulates to the “Vulture Troika” – the European
Central Bank, European Commission and International Monetary Fund – who work
for the Bankers, not the People. Not surprisingly, today we find that
Greece too has a Trilateral Commission Rockefeller/Rothschild man at the
helm: Lucas Papademos who is doing the same things Argentina did in 2001/2.
Argentina not only suffered Cavallo, but President De la Rúa himself was
co-founder of the local Global Power Masters lobby, CARI – Argentine
International Relations Council – local branch of the New York-based Council
on Foreign Relations, networking with the Trilateral Commission / Bilderberg
Greece today should do what Argentina did a decade ago: better to endure
pain and hardship, and sort out the mess made by your politicians in
connivance with international bankers on your own, wielding whatever shred
of sovereignty you still have left than allowing the Banker Vultures sitting
in Frankfurt, New York and London decide your future.
It’s the Neocolonial Private Power Domination Model, stupid!
Or do you think it’s just bad luck, bad judgment and coincidence that
countries – Greece, Argentina, Spain, Italy, Portugal, Brazil, Mexico,
Iceland, Ireland, Russia, Malaysia, Ukraine, Indonesia, South Korea,
Thailand, France, even the US and UK – always borrow too much from the
bankers and then “discover” that they cannot pay it back and that,
symmetrically, the same bankers – CitiCorp, HSBC, Deutsche, Commerz, BNP,
Goldman Sachs, Bank of America, JPMorganChase, BBVA lend too much to
countries and then “discover” they cannot collect?
No! That is the very yellow-brick road that leads to the Emerald City of
“debt restructuring”, “debt refinancing”, and “sovereign debt bond
mega-swaps” that snowball sovereign debt, spreading it over 20, 40 or more
years into the future. That guarantees unimaginably colossal interest
profits for the Mega-Bankers and for all those nice politicians, media
players, traders and brokers, without whom that would not be possible.
This is a Model. It must keep rolling and rolling and rolling… As this
Monster Machine steams forwards, it completely tramples on, overruns,
destroys, flattens and obliterates people, jobs, workers, health services,
pensions, education, national security and just about everything human on
its path. Run by parasitic usurer technocrats, it does not care what it
destroys because it has no ethics; no Christian, Muslim or Buddhist morals.
It only worships a greedy golden idol of money, money and more money. This
is 21st-century Money Power Slavery at its worst.
Three generations of Argentines saw hopes dashed and dreams thwarted by this
Monster Machine, suffering the hardship, woes and humiliations that come
when countries give up sovereignty.
Bring back the drach!
So, Greece: Just default on your “sovereign debt”! Just revert to the
drachma! Just say “No, thanks!” to the German bankers and the Troika
Please, Greece: just say “No!” to your Trilateral Commission president!
You will be setting a strong precedent for your European neighbours. Like
Spain, which is hurting so badly right now for similar reasons. Like Italy,
with its Trilateral Commission Prime Minister Mario Monti (also Trilateral’s
Greece, the Cradle of Democracy, can teach the world a lesson in True
Democracy by kicking these parasites out of their country, which will
hopefully trigger kicking them out of Europe and one day, kicking them out
of the global economy.
Because what Greece and Argentina and Italy and Spain suffer today is not
True Democracy, but rather a distorted bastard imitation that systematically
yields control to the Global Power Masters at the Trilateral Commission,
Bilderberg and Mega-Banking Overworld. They run the whole “democracy show”,
whereby all countries end up having “the best democracy that money can
buy”… which is no democracy at all…
The Money Power juggernaut is steaming full speed towards us all. If Greece
falls, who’ll be next? Spain? Italy? Portugal? Argentina (yet
So what if Greece’s reverting to the drachma marks the beginning of the end
for the euro? Let Italy revert to the lira, Spain to the peseta, Portugal
to the escudo…! A National Currency is a key National Sovereignty factor.
All governments should understand that you either govern for the people and
against the bankers; or you govern for the bankers and against the people.
Adrian Salbuchi for RT
Adrian Salbuchi is a political analyst, author, speaker and radio/TV
commentator in Argentina. http://www.asalbuchi.com.ar