As the Gunny wrote a few days ago, Socialist Argentina was fixing to shit the bed and here we are. But here is the funny part, Argentine President Cristina Kirchner BLAMES THE USA! haha. Has she been in conclave with Prezzy Oblameo, he who blames everything on everyone else?
EXCERPT: “Buenos Aires (AFP) – Argentina blamed the United States Thursday for the legal battle that forced it into its second default in 13 years, accusing the judge and mediator in the case of “incompetence.” The country officially went into default Wednesday night after the failure of 11th-hour talks with two US hedge funds that refused to accept a write-down on their Argentine bonds.
Argentine stocks plummeted Thursday as the repercussions of the default began to set in, and were down 6.45 percent in afternoon trade.”
Here is the crux of the issue: Prezzy Crybaby of Argentina KNEW the terms of the deal when she accepted the hedge fund buying HER socialist debt, money wasted on freebies, entitlements, social experiments, etc, and now, when the Piper needs to be paid, she whines and blames someone else! (Where have we seen THIS behavior before?) And even better is that during Cristina Kirchner’s first year as president (2008) her net worth grew from 17,824,941 to 46,036,711 pesos! (Where have we seen THAT before?)
And herein lies the rub…If one researches Argentine’s economic history, they could of been a massive economy in the 20th Century but chose to follow the Socialist path vice the evil Capitialist one and here they are, default again.
“When the government can’t say no to entitlements eventually the roof collapses.” H.L. Mencken
LOOK EVERYONE, TWO SOCIALIST LIARS