Latin America to open the road for other countries to escape from debt slavery
by system failure
Probably the most significant reason for which the Western sanctions against Russia will eventually turn against the West itself, or more accurately, against the Western economic elites, is that they forced Russia and China to accelerate their plans to build their own geopolitical and economic frame.
Just when Argentina was in the corner and the ravens were ready to devour the country*, BRICS's movements to establish their own economic system, offered to Argentina an alternative to escape from the Western money market monopoly. This was probably a key factor that permitted Argentina to resist:
“A US court has backed the vulture funds; but last week, Argentina sidestepped its jurisdiction by transferring the trustee for payment from Bank of New York Mellon to its own central bank. That play, if approved by the Argentine Congress, will allow the country to continue making payments under its 2005 settlement, avoiding default on the majority of its bonds.”
“Argentina is already foreclosed from international capital markets, so it doesn’t have much to lose by thwarting the US court system. Similar bold moves by Ecuador and Iceland have left those countries in substantially better shape than Greece, which went along with the agendas of the international financiers.”
“Countries do need to be able to buy foreign products that they cannot acquire or produce domestically, and for that they need a form of currency or an international credit line that other nations will accept. But countries are increasingly breaking away from the oil- and weapons-backed US dollar as global reserve currency.”
Unlike Greece and its puppet government which are fully surrendered to the Western capital** which systematically destroys the country to benefit from this destruction, Argentina and Latin America approach the resistance side:
“Latin American countries, however, condemned the West’s attempts to isolate Russia and said they would not take any measure against their longtime ally, Russia.”
“'The region is one of the biggest food producers of the world and…US and EU protectionism hinders its international trade. That is why I don’t think this EU countries diplomatic pressure will have any effect. How can they ask us not to trade with Russia while they block our products into their markets,' Jorge Castro, an international analyst, told Press TV.”
“Brazil and Uruguay have already confirmed an increase of exports of meat and dairy products. Argentine government has also sent a senior official to the Russian capital to sign cooperation agreements.”
“'We are going to expand our agricultural production and finance new companies in this sector. We are the fifth food exporter in the world and this administration’s intention is to increase even more our trade capabilities,' Argentina’s Chief of the Cabinet of Ministers Jorge Capitanich said.”
Western block's actions not only failed to isolate Russia, but seems that managed to expand Russia's and China's geopolitical influence. (http://valdaiclub.com/russia_in_foreign_media/70082.html), (http://www.world-nuclear-news.org/NP-Russia-and-Argentina-sign-nuclear-power-agreement-14071401.html) It's not the first time that the "brilliant minds" of various think tanks miss the target so profoundly. Their "brilliant idea" to support the neo-nazis in Ukraine to put Russia in the corner, is turning now against them.
The desperate neocon hawks have now only one alternative, which is to drag Russia into a warm conflict, but the growing chaos in the Middle East (which is largely their fault) and the ISIS threat, forced them to drop the Russian front and hypocritically seek alliance even with Bashar al-Assad and Iran to deal with the problem of the so-called Islamic State. (http://failedevolution.blogspot.gr/2014/08/temporary-turn-of-180-degrees-by-neocon.html)
This is a unique opportunity for Argentina and Latin America to show to other debt-enslaved countries that there is an alternative against the money market tyranny.
* “Where territories were once captured by military might, he maintains that today they are being annexed by debt. The still-evolving plan is to drive destitute nations into an international bankruptcy court whose decisions would have the force of law throughout the world. The court could then do with whole countries what US bankruptcy courts do with businesses: sell off their assets, including their real estate. Sovereign territories could be acquired as the spoils of bankruptcy without a shot being fired.”
“Global financiers and interlocking megacorporations are increasingly supplanting governments on the international stage. An international bankruptcy court would be one more institution making that takeover legally binding and enforceable. Governments can say no to the strong-arm tactics of the global bankers’ collection agency, the IMF. An international bankruptcy court would allow creditors to force a nation into bankruptcy, where territories could be involuntarily sold off in the same way that assets of bankrupt corporations are.”
“For Argentina, says Salbuchi, the likely prize is its very rich Patagonia region, long a favorite settlement target for ex-pats. When Argentina suffered a massive default in 2001, the global press, including Time and The New York Times, went so far as to propose that Patagonia be ceded from the country as a defaulted debt payment mechanism.”
“Many countries have been subjected to similar treatment, as John Perkins documents in his blockbuster exposé Confessions of an Economic Hit Man. When the country cannot pay, the IMF sweeps in with refinancing agreements with strings attached, including selling off public assets and slashing public services in order to divert government revenues into foreign debt service.”