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Εγχειρίδιο χειρισμού κρίσεων λόγω πολιτικών ΔΝΤ από τη CIA! / Already confirmed: Civil liberties under attack! / Greece's creditors gone completely insane! / How the global financial mafia sucked Greece's blood / ECB's economic hitmen / Η Μέρκελ επιβεβαιώνει τα σχέδια των γραφειοφασιστών! /Greece: the low-noise collapse of an entire country/ How the neoliberal establishment tricked the masses again, this time in France / Ενώ η Γερμανία προετοιμάζεται για τα χειρότερα, η Ελλάδα επιμένει στο ευρώ! / Ένας παγκόσμιος "proxy" πόλεμος κατά της ελευθερίας έχει ξεκινήσει! / McCarthyism 2.0 against the independent information / Ο επικεφαλής του "σκιώδους συμβουλίου" της ΕΚΤ επιβεβαιώνει ότι η ευρωζώνη είναι μια χρηματοπιστωτική δικτατορία! / Venezuela case as an emphatic example of why the mainstream media propaganda in the West was so successful in previous decades / Δημοψήφισμα για Grexit: η τελευταία ευκαιρία να σωθεί η Ελλάδα και η τιμή της Αριστεράς / Populism as the new cliche of the elites to stigmatize anyone not aligned with the establishment / Δεν γίνεται έτσι "σύντροφοι" ... / Panama Papers: When mainstream information wears the anti-establishment mask / The Secret Bank Bailout / The head of the ECB “shadow council” confirms that eurozone is a financial dictatorship! / A documentary by Paul Mason about the financial coup in Greece / The ruthless neo-colonialists of 21st century / First cracks to the establishment by the American people / Clinton emails - The race of the Western neo-colonialist vultures over the Libyan corpse / Επιχείρηση Panama Papers: Το κατεστημένο θέλει το μονοπώλιο και στις διαρροές; / Operation "looting of Greece" reaches final stage / Varoufakis describes how Merkel sacrificed Greece to save the Franco-German banks / France officialy enters the neo-Feudal era! / The US establishment just gave its greatest performance so far ... / A significant revelation by WikiLeaks that the media almost ignored / It's official: the US is funding Middle-East jihadists! / Οι αδίστακτοι νεο-αποικιοκράτες του 21ου αιώνα / How to handle political unrest caused by IMF policies! / Πώς το νεοφιλελεύθερο κατεστημένο ξεγέλασε τις μάζες, αυτή τη φορά στη Γαλλία / Οι Γάλλοι νεοαποικιοκράτες επιστρέφουν στην Ελλάδα υπό 'ιδανικές' συνθήκες

05 August, 2015

Vultures indeed: demanding more blood from Puerto Rico

Hedge funds order Puerto Rico to close schools!

globinfo freexchange

Puerto Rico went into default Monday for the first time in its history. The island's governor, Alejandro Garcia Padilla, has announced a "working group" to figure out a plan by the end of the summer. But a group of 34 hedge funds, led by Fir Tree Partners, already have a recommendation. They funded a report by three economists that calls for Puerto Rico to close some schools, reduce university subsidies and fire teachers so it can pay back its debt. [...] The 34 hedge funds who commissioned the report by are calling themselves the "Ad Hoc Group of Puerto Rico." They own about $5.2 billion of the island's $70 billion in outstanding debt.” (http://money.cnn.com/)

Only less than 24 hours later, our article How the vultures of hedge funds 'maul' the indebted states has completely confirmed:

A brutal command launched a few days ago by the holders of government bonds to a government which had issued these bonds: proceed in layoffs and sell off public property to pay us. This command reminds us something, not because it concerns Greece, but because the brutal principals are largely the same people who took advantage of the Greek debt and used invariant commands to maximize their profit.

... the vultures-investors are not interested in economic reconstruction plans, and are not touched by the increasing poverty of the population, but are aimed at direct and largest profit as possible - because this is the only reason for their existence. They require the imposition of austerity measures to collect the funds necessary to repay bonds in their possession. Behind these speculative moves we find frequently the same 'usual suspects.' A total of 35 hedge funds exploit the debt of Puerto Rico: 15 of them have also exploited the debt of Argentina, 13 the debt of Greece and 7 the debt of the state of Detroit. These investors made great fortunes by exploiting state crisis and some of them vehemently fought every effort to restructure the Greek debt in 2012.

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