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    Default Argentina

    Neoliberal Macri Regime Trounced in Argentinian Elections

    By Stephen Lendman Global Research,

    October 29, 2019



    Last August, opposition candidate Alberto Fernandez and running mate/former President Cristina Fernandez de Kirchner defeated President Mauricio Macri by a 47.22% to 32.36% margin.

    It was short of a majority triumph, requiring a electoral runoff. Center-right Roberto Lavagna came in third with 8.39% support.

    In Sunday elections, Fernandez/de Kirchner triumphed decisively by 48% to Macri’s 40% support, above the 45% threshold to be able to declare victory in a two-party contest — results with 96% of votes counted as of Monday.

    Argentinians rejected Macri’s neoliberal harshness, serving Western and internal monied interests at the expense of the general welfare — transforming the country into an economic basket case since taking office in December 2015.

    Unemployment way exceeds the official Q II 10.6% level. Youth unemployment exceeds 25%. Underemployment affects most working Argentinians.

    According to Trading Economics, annualized 2019 inflation exceeds 53% through September data, likely to top 55% by yearend.

    Macri’s neoliberal harshness escalated after getting $57 billion in IMF financing in June 2018 — the largest amount ever by the notorious loan shark of last resort to any nation, what no responsible leader should have anything to do with.

    Its predatory lending practices come with unacceptable strings, demanding privatization of state enterprises, mass layoffs, deregulation, deep social spending cuts, wage freezes or cuts, other corporate friendly policies, marginalizing trade unions, and harsh crackdowns on resisters.

    It’s all about letting bankers and other corporate predators strip mine countries of their material wealth and resources, shifting them from public to private hands, crushing democratic values, hollowing out nations into dystopian backwaters, destroying middle class societies, and turning ordinary people able to find work into serfs earning poverty wages.

    Reportedly, President-elect Fernandez will discuss restructuring of crushing Argentinian debt with creditors, much of it odious, notably IMF blood money, default a possibility for relief of an unacceptable public burden.

    Argentina’s economy is on the brink of collapse. Desperate times call for tough measures to combat them.

    Debt relief is essential, the country in deep recession, poverty and unemployment increasing, millions of ordinary people suffering from neoliberal rule dismissive of their rights and welfare.

    One observer remarked that “(a)s in Agatha Christie’s Murder on the Orient Express, almost everyone (in the Macri regime, investment community and IMF) had a hand in Argentina’s ongoing economic and financial debacle.”

    Economic recovery depends on getting out from under the country’s crushing foreign debt burden.

    On Monday, Telesur reported that President-elect Fernandez
    “arrived at the presidential palace in Buenos Aires…for a meeting with outgoing incumbent Mauricio Macri where the two are expected to discuss the potentially tricky transition of power as financial markets watch closely.”
    On December 10, Fernandez assumes office, a potentially major power shift ahead if neoliberal harshness is mitigated or abandoned in favor of governance serving everyone equitably.

    Sunday’s electoral results rejected Macri’s rule, calling for positive change, wanting Fernandez to deliver.

    At party headquarters, he thanked supporters, saying: “We’re going to be the Argentina that we deserve because it’s not true that we’re condemned to this Argentina,” adding:
    “We’re going to enter the world with dignity. The government is back in the hands of the people!”

    The jury is out on whether he’ll deliver as promised.

    *
    Award-winning author Stephen Lendman lives in Chicago. He can be reached at lendmanstephen@sbcglobal.net. He is a Research Associate of the Centre for Research on Globalization (CRG)

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    "La réalité est un rêve que l'on fait atterrir" San Antonio AKA F. Dard

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    Default Re: Argentina

    Argentina: New president pushes back against IMF nation-stripping and usury agenda

    Matthew Ehret FRN
    Fri, 29 Nov 2019 00:00 UTC



    President Alberto Fernandez • Vice President Cristina Fernandez de Kirchner © EIDla

    When Christina Fernandez de Kirschner was ousted from power in 2015, many thought that Argentina was lost to the international financiers which her late husband Nestor Kirschner (2003-2007) fought so valiantly against.

    The Kirschners together made a powerful team, valiantly fending off the Wall Street/City of London "vulture funds" which act as anti-nation state weapons of the oligarchy, feeding off the carcasses of dead nations whose murder they orchestrate through speculation on malignant debt serviced by draconian austerity and privatisations- all the while preventing all investment into the real economy.

    While other Latin American nations fell under this killer policy for decades, Argentina was one of the earliest to fight back in a serious manner beginning with Nestor's application of the sovereign rights of a nation to abolish all un-payable debt- making him and his wife public enemies of the international financier oligarchy. Christina not only continued her husband's struggle amid CIA/MI6-orchestrated slanders of "corruption" across Argentine media which mobilised desperate and uninformed masses to protest against her government, but also opened up the door to large scale infrastructure projects recognising in China the key to Latin America's salvation.

    Under Christina, "a golden age of Argentine-Chinese relations" was promised under the "Argentina-China Integral Strategic Alliance" with 20 joint projects signed including conditionality-free investments into energy, transport, agriculture and telecommunications. Unfortunately, with her ouster, the largest projects were cancelled including the Attucha II nuclear power plant as many industrialists, scientists and political allies of the Kirschners were run out of office and steered into prison on mock corruption trials during the Macri years.

    Now that Wall Street-tool Mauricio Macri has fallen after 4 years of austerity imposed on the people, Christina Fernandez de Kirschner has returned to power as Vice President alongside her husband's Cabinet Chief Alberto Fernandez who now serves as acting President. On November 26, President Fernandez announced that although he would honor those debts incurred by Macri, the policy of taking on more debt would stop immediately. President Fernandez said:
    "the first rule is to stop asking for money.... I won't sign any deal we can't comply with. Macri already did that.... If you have a problem because you are highly indebted, the solution isn't to take on more debt. I have a problem and I'm going to ask for $11 billion in more debt? It's like the guy who drank too much, and he's a little bit drunk. The solution isn't to keep on drinking; the solution is to stop."
    Zeroing in on the core of the fight, the incoming President said: "We have to produce once again, offer credit to reactivate production, give money to retirees so they can consume." The right to claim sovereign control of productive credit for the purpose of improving standards of living and cognitive potential is a fact which the financial oligarchy has worked tirelessly for generations to destroy in its pursuit for "world government" and "anti-growth ecologism". It is also this sordid unipolar intention which powerful nations like Russia, China and a growing array of states working with the Belt and Road Initiative have come to reject with an increasingly unified voice.

    Alberto Fernandez and Christina Fernandez de Kirschner will be sworn into office on December 10, 2019, emboldening the nationalist feeling in other nations like Brazil whose former President Lula da Silva, now released from prison, is already mobilising a vast support base which threatens to de-throne IMF-puppet Jair Bolsonaro, and Chile's fascist Pinochet legacy is finding itself rocked to the core by a population tired of being manipulated by international financiers.500
    About the Author:
    Matthew Ehret is the founder of the Canadian Patriot Review, director of the Rising Tide Foundation, author of the book series The Untold History of Canada and can be reached at canadianpatriot1776@tutanota.com
    "La réalité est un rêve que l'on fait atterrir" San Antonio AKA F. Dard

    Troll-hood motto: Never, ever, however, whatsoever, to anyone, a point concede.

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    Default Re: Argentina

    For those who wonder why Cristina Fernandez de Kirchner is pictured side by side of the new president elect suggesting that she is the man (or woman) behind him. She is indicted in several court cases for criminal activities. As no judgments are coming forward in recent years I suspect that some arrangements have been made to let her run free and a former chief of cabinet be the president. All this casts doubt if the real interest of the people is being attended to. During the presidential mandate of Cristina Kirchner many highly corrupt things happened. As an illustration hereby the description of the crimes of her close associate and mega entrepreneur Lázaro Báez.

    https://en.wikipedia.org/wiki/L%C3%A1zaro_B%C3%A1ez

    https://www.nytimes.com/2016/12/27/w...cio-macri.html

    This is not slander but are seriously reported facts ( even if the above English language sources are known to be biased) , and the majority of voters don’t seem to have a problem with the situation, are enflamed by propaganda or don’t see an alternative.

    All that does not change the sad facts that the country has been ripped off by the excessive profits of so called vulture funds under the last presidency and of a population struggling with a highly increased cost of living and inflation.

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