CTO/CIO IS a political position. CTO sits at the table with the CEO and the board. Do you think a scruffy bearded neck with a hawaiian shirt and flip flops has ANY chance of doing that?
This. Where I live, both 13.2KV and 220V wires used to hang from the same posts. 13.2KV ones much higher. During a storm with heavy winds, I used to see them swing and arc and boom - power was out. Until the storm ended and then they restored power.
In the 90s they did a massive rebuilding of the distribution grid. All 13.2KV lines were buried and all 220V "naked" wire was replaced with insulated, quadruple, "twisted" cable hanging mostly from house fronts (mostly city houses one right next to another).
This eliminated almost all of the storm problems. No more wind or lightning knocking down power. Sometimes yes, you hear a very loud thunder and power goes out but that's most likely the product of a direct or very nearby hit that makes protections trip.
Unfortunately now we have other problems. Growing pains. Too many new apartment buildings taking a lot of juice and the grid isn't being upgraded. On very hot days power goes out and you have all sorts of brownouts and blackouts. This is sheer corruption: every apartment building, over a certain number of houses, is supposed to have its own 13.2KV->220V transformer but they just pay some power company officials (yes, state-owned company) and they hook em up to 220V. Suddenly you have 60 new houses sucking juice from the already loaded transformer...
just FYI: I've had MCP2200 stop working for whatever reason. One day, boom, bye bye MCP. No idea why. Also you have to manually install drivers for them, which may or may not be something important to you.
i'm pretty sure it refers to IBM's inability to deliver enough chips (powerPC), which caused problems for Sony, and was the reason Apple moved to Intel.
No, it's because if they release a firmware that just refuses to work, the people that made these fakes will just release hacked drivers, based on FTDI's. FTDI wants to destroy your hardware so you, as a consumer, will go to the manufacturer of your device. This will eventually teach them to follow the "pedigree" of their chips, and buy them from reputable sources. And not from "the cheapest seller in china".
Huh? This is criminal? But "impersonating" a chip isn't?
I'm pretty sure DMCA or friends WON'T let you, legally, make a chip that pretends to be another chip. Especially if it's not marked "compatible" but it's just a plain FAKE.
So some company makes a fake Ford, which has acceleration problems. It crashes, kills someone, and Ford is to blame because it had a Ford badge?...
Carrefour does this in Argentina. People don't really understand the concept but they're starting to get used to it. Most banks have been doing it for a long time as well.
A $50 RouterBoard can do tens of thousands of connections. My trusty old RB333 (7 years non stop) can handle, according to its GUI, 90720 max entries in the CONNTRACK table.
Error, I'm not blaming others for the problems of my country. I am 100% convinced that ALL of my country's problems are caused by CORRUPTION. But as I stated earlier, whenever we try to do something about it, it's questioned as if it was a totalitarian regime move. In the meanwhile, companies continue to be emptied.
As for the other countries: keep in mind that: 1. Brazil may be in the top 10 world economies but their social problems are way greater than Argentina's. Look at the distribution of income and you'll see only a few "extremely rich" people skewing the total percentage. 2. Chile has a lot of natural resources and their economy is simply based on exporting, basically, copper. Chile has more mines than Argentina (because of their geography) and only 1/3 of the population. Do the math. 3. Chile doesn't have a public university system. Thousands of their students come to Argentina to graduate here. 4. Bolivia and Paraguay don't have any serious public health system. Their citizens come to Argentina for treatment. For free. 5. Argentina has ENORMOUS shantytowns with populations that sometimes reach 40% foreigners.
It's very convenient to be a neighbor of Argentina, since we take care of your people for free. Due to "human rights" associations it's impossible to even put this issue up for discussion. You're called simply a RACIST if you talk about charging foreigners for healthcare or education. And only now someone's been talking about deporting criminals...
As for paying what we owe, well, I see this as a sacrifice. You see, you say the consequences of a default are worse. This isn't true. If Argentina pays now, we're forced to pay $200B more - money Argentina doesn't have, and can't borrow, and yes, it will be a REAL default with REAL consequences. The only thing we can do is wait in a "partial default" until january and negotiate then, after the RUFO clause expires. It's pretty obvious the government is doing all this loudmouthing now, but they will be paying in january. Let me explain again: Argentina, right now, CAN NOT pay. Our central bank reserves amount only to $28 billion.
The solution for argentina's short term economic probems is simple:
Wait until january and pay the debt. Take a huge loan, to be used to develop the very needed: - roads: there has been a project to do this for over 20 years - it even includes eliminating all toll roads - railways: Argentina has over 35.000km of railroads of which only about 1700km are active Eliminate "social aid" programs in a period of several years. Starting with men in working age. If they can't find a job, they should be assigned to building the roads or railways. Then continue with women - hundreds of thousands of "cleaning ladies" quit their job once they started getting government aid. There is now a shortage of this service. Eliminate the shantytowns, deport all illegal immigrants (maybe with an amnesty for those who can prove they've been actively working in the past years and not just "living here"). Relocate all Argentinians to their original cities. Forced labor for prisoners: in Argentina, prisoners actually get government aid for being in jail AND their wives too. This needs to be eliminated. Prisoners oughta work cleaning the sides of roads or whatever. Instauration of the Death Penalty. Criminals have turned extremely violent in Argentina - high profile rape and murder cases are in the news every day. Lawyers say we can't do this because we are subscribed to the Costa Rica treaty - Interesting: Argentina is a sovereign state when it comes to not paying debts but apparenly we can't unsubscribe from a treaty. Reinstauration of conscription. There are now MILLIONS of youths that left school and never had a supportive family (a consequence of indiscriminate social aid). This is a time bomb, and crime rates are expected to soar to incredible levels because of these people. These are just a few points. I could go on for days about this. But sadly, for all things to happen, what Argenti
Dude, in the end, you give money to a stranger. It can go right, or terribly wrong. And you're only lending a few bucks.
The point i'm trying to make is this: America is "the land of opportunity". Anyone there can start a business easily, make it grow, get rich. You can actually get some sort of loan (are you telling me you can't get a $5K loan from your bank?). There is a big advantage there.
In the rest of the world it's definitely not like that. Someone in the Philippines can't just start a business, and expect it to grow. You can't easily take a loan (and if you can, the sum is ridiculous and the interests are sky high). Third world countries run at a huge disadvantage.
The problem is pretty obvious here: you're serving people who don't really need the money. It's just a convenient place to do it (and I bet sooner or later banks will be suing Kickstarter for "providing financial services without a license"). What these kind of sites need to do is work outside Comfortable America and do something worth doing.
You know what disgusts me the most? A random idiot in the US can start a kickstarter project for "potato salad" in the US and get millons thrown at him, for fun. While some farmer in india has to go through all sorts of processes to get a "microcredit" (a $50 loan) from some agency, AND THEN he has to pay that $50 back + interests. Come on.
I didn't say we borrowed 80 million. NML bought the DEFAULTED bonds for 80 million. They bought worthless papers, from someone with terrible credit. And they sued, to collect 100% payment.
That's NOT how it works, man. On one hand, you have the "free market" buying and selling, and on the other hand, you have a judge ruling on the price of bonds. WTF? Let's put it another way: Why should Argentina pay a lot more interest than, say, Germany? Because there's a chance that Argentina won't pay? Obviously not. Since a judge can order you to pay in full.
As for Repsol, Argentina has paid for it already. The clown we have for minister of economy said, at one point, "Repsol won't receive a single cent". Then he, himself, negotiated something like a payment of 6 billion dollars for it in bonds (when the valuation was estimated in 5 billion). This was criticized because he overpaid. They did this to allow Repsol to sell the 6 billion in bonds for an estimated market value of 5 billion. (In my opinion, Argentina should have paid Repsol what repsol paid to the Argentinian government in the 90s for YPF: One Dollar. In fact, make it 10. Make it 100. Hell, let's make it 1 million dollars - man, that's a great return: pay 1 dollar, do nothing, then get paid 1 million 10 years later!)
The problem with Repsol is a lot deeper and it's only part of the problems with private investment in Argentina. Especially in the privatization business that happened in the early 90s. Argentina recently "found" an oil field, Vaca Muerta. I say "found" because it was known about for decades. In all these years, Repsol never bothered to exploit it. They simply used the existing wells and tapped the "easy" oil. Argentina's energy demands were higher than that so we import a lot of fuel.
Another case is electricity. In Buenos Aires, Edenor and Edesur exploited the already existing grid. They did not invest anything in over 20 years. Last summer there was a blackout that left a neighborhood without electricity for over a week. Edenor said it's because of Argentina's import restriction policies. The truth is, over 10 years ago, before any restrictions, a similar event happened. An entire neighborhood without power for over a week. So Edenor claims it's because the Argentine government has "frozen the cost of electricity". It's bullshit again, since Edenor/Edesur both receive several hundred million dollars a year in subsidies.
Then there's the telephone communications business. ENTel was split into two (Telecom+Telefonica) in 1990 or 91. For several years the situation didn't improve - at all. Until they started replacing the lines. Then it was great: service was excellent (in most cities), and it Just Worked. ENTel is remembered because of its terrible service (actually most of it was self-sabotage by their own employees who had been told if the company was privatized they'd get higher salaries - oops, most were fired).
Aerolineas Argentinas is the best example of this too. Aerolineas owned over 20 planes, 3 simulators, dozens of buildings across the world (in airports and outside), employeed thousands of people, and operated at a loss of about 1 million dollars a year. It was privatized. After 10 years of privatizations, Aerolineas leases all its planes, owns no simulators, liquidated most of their buildings, employs hundreds (not thousands) of people, and.. it operates at a loss of over 1 million dollars a year.
I could keep giving you examples here, but it's not needed. The pattern is pretty clear here: Own a privatized company, liquidate everything you can, and funnel ALL earnings outside the country. If the company needs some sort of investment, you only do it if it's critical (like Telecom, who could simply not operate because the lines were in terrible state), and all investments you do through a loan taken in Argentina and paid in Argentina (and then not pay it, take it to an extreme situation, and threaten to fire all employees. Then they go out to the street, protest, and the government takes care of the d
I DO NOT support my government. I didn't vote for this woman, and I suffer her retard policies every day (did you know we, Argentinians, can't freely buy foreign currency anymore? Did you know that we can't even RECEIVE MORE THAN TWO PACKAGES FROM ABROAD A YEAR?).
That said: I support what the government is saying. We're not in a "voluntary" default. The truth is that NML capital bought Argentina's debt for a mere 80 million dollars, and it's worth over 1 billion right now. The truth is that 92% of creditors accepted a restructuring: Argentina agreed to pay back 100% of capital AND 300% in interests. NONE of the people who entered the debt restructuring are losing money. So when you hear "Argentina is paying only 25%" that's twisted: we're paying 25% of the riduculously high rate we had to take money for, but we're paying back in full AND paying enough interest.
A 1000% return is too good to be true. And in this case it was.
NML capital sued. And the juge ruled we had to pay in full, right now. The problem is that if we do, there's another 20 billion more in debt we have to pay to the other holdouts. And also, if we pay any of them, the "pari passu" clause is triggered and argentina's debt restructuring is destroyed. We're back to square one, with a debt of over 200 billion dollars again.
You know why this is bullshit? Because this is NOT how it works anywhere else. If someone owes you and goes bankrupt, and if most other creditors agree with the restructuring, you're forced to accept it. In fact. the IMF wanted to make this true for all cases, but they were ignored. The UN passed a resolution about this (and guess who rejected it? Two countries, one of which was the US).
What also happened is that Argentina "was declared in default" even though we made the payments - except there was this slight problem: a US judge blocked the payments EVERYWHERE - even European citizens were affected by this. So we're in default because a US judge decided so. Not because we want to.
Want to make this more dirty? The "default insurance" was paid, and then it was decided that Argentina wasn't really truly "defaulted". So, thanks to this judge, a few people made a lot of money in a single day.
So yes, you don't really understand economics. Argentina's problems aren't caused by our unwilingness to pay. Griesa could have "delayed" his ruling by just 6 months and Argentina would have been able to negotiate with NML. As things stand, there's not much we can do. If we "negotiate" anything with NML, the whole restructuring thing goes to hell. Now, why did Griesa rule now? Why couldn't he wait? Why didn't Obama stand up for Argentina after he said he would? (because he's afraid of Paul Singer)
Yes, we get into dirty US Foreign policy right now. Argentina is doing something the US doesn't like, so the US uses their economic resources to tame us. Try and see the world with a more cynical eye and you'll see that everything isn't that fair, and that the US doesn't play nice.
I have no idea what you mean by "stealing foreign assets".
And as for kickstarter: they only work with 10 countries. Indiegogo works in over 200 countries. The whole point of my original comment was that KICKSTARTER doesn't want to work with US & buddies. You made it all about debt and all other irrelevant bullshit.
But at least on the federal level, defense is one of the few enumerated responsibilities of the Federal Govt.
There is nothing in there that says for them to deal with healthcare.
Sure, yes. Those words, man, are written in stone. No way to change those laws.
And if it's in the constitution.. ohh wow - that's untouchable. We need a constitutional reform to change the slightest comma in the constitution.
Oh - wait. I was thinking of my country's constitution! We're talking the US constitution! The one that can be modified without a reform, simply with an ammendment.
When the government does something with its money, it's COMMUNISM. If the government builds a road, that's communism for you. If they build a hospital - a PUBLIC HOSPITAL?? DAMN COMMUNIST GET OUT OF MY COUNTRY.
Everything should be privatized. Absolutely everything. Schools, hospitals, roads. It's more efficient that way. And all laws should be abolished as well. In fact: there should be NO TAXES and NO GOVERNMENT. Any person should be able to do whatever they please with their money.
Now, if you funnel the money through the military, that's great. It's not communism if it's military.
Slashdot Mirror
CTO/CIO IS a political position. CTO sits at the table with the CEO and the board. Do you think a scruffy bearded neck with a hawaiian shirt and flip flops has ANY chance of doing that?
I have Programming Perl. Bought 15 years ago, and I used to consult it a lot.
Now I just google the information. Easier to find than on the book...
Books are nice and have a romantic feeling about them. But e-docs are oh god so much more convenient.
This.
Where I live, both 13.2KV and 220V wires used to hang from the same posts. 13.2KV ones much higher. During a storm with heavy winds, I used to see them swing and arc and boom - power was out. Until the storm ended and then they restored power.
In the 90s they did a massive rebuilding of the distribution grid. All 13.2KV lines were buried and all 220V "naked" wire was replaced with insulated, quadruple, "twisted" cable hanging mostly from house fronts (mostly city houses one right next to another).
This eliminated almost all of the storm problems. No more wind or lightning knocking down power. Sometimes yes, you hear a very loud thunder and power goes out but that's most likely the product of a direct or very nearby hit that makes protections trip.
Unfortunately now we have other problems. Growing pains. Too many new apartment buildings taking a lot of juice and the grid isn't being upgraded. On very hot days power goes out and you have all sorts of brownouts and blackouts. This is sheer corruption: every apartment building, over a certain number of houses, is supposed to have its own 13.2KV->220V transformer but they just pay some power company officials (yes, state-owned company) and they hook em up to 220V. Suddenly you have 60 new houses sucking juice from the already loaded transformer...
You don't talk to kids, do you?
Remember when ALL YOU WANTED was your own computer?
Kids are over that.
They're also over the ALL I WANT IS A LAPTOP
and ALL I WANT IS A NETBOOK
Now, all they want is a tablet. Kids don't want PCs anymore. It's unbelievable.
And even worse: many don't even want a tablet. they want just a smartphone.
Objection! Speculative.
just FYI: I've had MCP2200 stop working for whatever reason. One day, boom, bye bye MCP. No idea why.
Also you have to manually install drivers for them, which may or may not be something important to you.
i'm pretty sure it refers to IBM's inability to deliver enough chips (powerPC), which caused problems for Sony, and was the reason Apple moved to Intel.
No, it's because if they release a firmware that just refuses to work, the people that made these fakes will just release hacked drivers, based on FTDI's.
FTDI wants to destroy your hardware so you, as a consumer, will go to the manufacturer of your device. This will eventually teach them to follow the "pedigree" of their chips, and buy them from reputable sources. And not from "the cheapest seller in china".
Huh? This is criminal? But "impersonating" a chip isn't?
I'm pretty sure DMCA or friends WON'T let you, legally, make a chip that pretends to be another chip. Especially if it's not marked "compatible" but it's just a plain FAKE.
So some company makes a fake Ford, which has acceleration problems. It crashes, kills someone, and Ford is to blame because it had a Ford badge? ...
Carrefour does this in Argentina. People don't really understand the concept but they're starting to get used to it. Most banks have been doing it for a long time as well.
"Hyper-efficient" McDonald's and Walmart? Nope.
I find this interesting. I'm in Argentina, and my cable HD is better than TV 720p rips. It looks just incredible.
I guess maybe it's because we only get about 30 HD channels and the remaining 120 are SD.
seriously? gmail as disposable address? Haven't you heard of Mailinator? or bugmenot?
Argentina paid to repsol MORE than its market value estimation.
And what they did was not "illegal". If it was, they couldn't have done it.
You may want to see what a Routerboard can do for less than $50. Try the RB750 or 950 (751 or 951 if you want wifi too)
A $50 RouterBoard can do tens of thousands of connections. My trusty old RB333 (7 years non stop) can handle, according to its GUI, 90720 max entries in the CONNTRACK table.
Argentina has VAST reserves of gas and oil. They just don't have the money to exploit them.
the images I see on google maps, from my city, are (C) 2014. GSV are dated june/14
Error, I'm not blaming others for the problems of my country. I am 100% convinced that ALL of my country's problems are caused by CORRUPTION. But as I stated earlier, whenever we try to do something about it, it's questioned as if it was a totalitarian regime move. In the meanwhile, companies continue to be emptied.
As for the other countries: keep in mind that:
1. Brazil may be in the top 10 world economies but their social problems are way greater than Argentina's. Look at the distribution of income and you'll see only a few "extremely rich" people skewing the total percentage.
2. Chile has a lot of natural resources and their economy is simply based on exporting, basically, copper. Chile has more mines than Argentina (because of their geography) and only 1/3 of the population. Do the math.
3. Chile doesn't have a public university system. Thousands of their students come to Argentina to graduate here.
4. Bolivia and Paraguay don't have any serious public health system. Their citizens come to Argentina for treatment. For free.
5. Argentina has ENORMOUS shantytowns with populations that sometimes reach 40% foreigners.
It's very convenient to be a neighbor of Argentina, since we take care of your people for free. Due to "human rights" associations it's impossible to even put this issue up for discussion. You're called simply a RACIST if you talk about charging foreigners for healthcare or education. And only now someone's been talking about deporting criminals...
As for paying what we owe, well, I see this as a sacrifice. You see, you say the consequences of a default are worse. This isn't true. If Argentina pays now, we're forced to pay $200B more - money Argentina doesn't have, and can't borrow, and yes, it will be a REAL default with REAL consequences. The only thing we can do is wait in a "partial default" until january and negotiate then, after the RUFO clause expires. It's pretty obvious the government is doing all this loudmouthing now, but they will be paying in january. Let me explain again: Argentina, right now, CAN NOT pay. Our central bank reserves amount only to $28 billion.
The solution for argentina's short term economic probems is simple:
Wait until january and pay the debt.
Take a huge loan, to be used to develop the very needed:
- roads: there has been a project to do this for over 20 years - it even includes eliminating all toll roads
- railways: Argentina has over 35.000km of railroads of which only about 1700km are active
Eliminate "social aid" programs in a period of several years. Starting with men in working age. If they can't find a job, they should be assigned to building the roads or railways. Then continue with women - hundreds of thousands of "cleaning ladies" quit their job once they started getting government aid. There is now a shortage of this service.
Eliminate the shantytowns, deport all illegal immigrants (maybe with an amnesty for those who can prove they've been actively working in the past years and not just "living here"). Relocate all Argentinians to their original cities.
Forced labor for prisoners: in Argentina, prisoners actually get government aid for being in jail AND their wives too. This needs to be eliminated. Prisoners oughta work cleaning the sides of roads or whatever.
Instauration of the Death Penalty. Criminals have turned extremely violent in Argentina - high profile rape and murder cases are in the news every day. Lawyers say we can't do this because we are subscribed to the Costa Rica treaty - Interesting: Argentina is a sovereign state when it comes to not paying debts but apparenly we can't unsubscribe from a treaty.
Reinstauration of conscription. There are now MILLIONS of youths that left school and never had a supportive family (a consequence of indiscriminate social aid). This is a time bomb, and crime rates are expected to soar to incredible levels because of these people.
These are just a few points. I could go on for days about this. But sadly, for all things to happen, what Argenti
Most people understand "follow the rules" as "laws can't be changed". That's the problem.
Dude, in the end, you give money to a stranger. It can go right, or terribly wrong. And you're only lending a few bucks.
The point i'm trying to make is this: America is "the land of opportunity". Anyone there can start a business easily, make it grow, get rich. You can actually get some sort of loan (are you telling me you can't get a $5K loan from your bank?). There is a big advantage there.
In the rest of the world it's definitely not like that. Someone in the Philippines can't just start a business, and expect it to grow. You can't easily take a loan (and if you can, the sum is ridiculous and the interests are sky high). Third world countries run at a huge disadvantage.
The problem is pretty obvious here: you're serving people who don't really need the money. It's just a convenient place to do it (and I bet sooner or later banks will be suing Kickstarter for "providing financial services without a license"). What these kind of sites need to do is work outside Comfortable America and do something worth doing.
You know what disgusts me the most? A random idiot in the US can start a kickstarter project for "potato salad" in the US and get millons thrown at him, for fun. While some farmer in india has to go through all sorts of processes to get a "microcredit" (a $50 loan) from some agency, AND THEN he has to pay that $50 back + interests. Come on.
I didn't say we borrowed 80 million. NML bought the DEFAULTED bonds for 80 million. They bought worthless papers, from someone with terrible credit. And they sued, to collect 100% payment.
That's NOT how it works, man. On one hand, you have the "free market" buying and selling, and on the other hand, you have a judge ruling on the price of bonds. WTF? Let's put it another way: Why should Argentina pay a lot more interest than, say, Germany? Because there's a chance that Argentina won't pay? Obviously not. Since a judge can order you to pay in full.
As for Repsol, Argentina has paid for it already. The clown we have for minister of economy said, at one point, "Repsol won't receive a single cent". Then he, himself, negotiated something like a payment of 6 billion dollars for it in bonds (when the valuation was estimated in 5 billion). This was criticized because he overpaid. They did this to allow Repsol to sell the 6 billion in bonds for an estimated market value of 5 billion. (In my opinion, Argentina should have paid Repsol what repsol paid to the Argentinian government in the 90s for YPF: One Dollar. In fact, make it 10. Make it 100. Hell, let's make it 1 million dollars - man, that's a great return: pay 1 dollar, do nothing, then get paid 1 million 10 years later!)
The problem with Repsol is a lot deeper and it's only part of the problems with private investment in Argentina. Especially in the privatization business that happened in the early 90s. Argentina recently "found" an oil field, Vaca Muerta. I say "found" because it was known about for decades. In all these years, Repsol never bothered to exploit it. They simply used the existing wells and tapped the "easy" oil. Argentina's energy demands were higher than that so we import a lot of fuel.
Another case is electricity. In Buenos Aires, Edenor and Edesur exploited the already existing grid. They did not invest anything in over 20 years. Last summer there was a blackout that left a neighborhood without electricity for over a week. Edenor said it's because of Argentina's import restriction policies. The truth is, over 10 years ago, before any restrictions, a similar event happened. An entire neighborhood without power for over a week. So Edenor claims it's because the Argentine government has "frozen the cost of electricity". It's bullshit again, since Edenor/Edesur both receive several hundred million dollars a year in subsidies.
Then there's the telephone communications business. ENTel was split into two (Telecom+Telefonica) in 1990 or 91. For several years the situation didn't improve - at all. Until they started replacing the lines. Then it was great: service was excellent (in most cities), and it Just Worked. ENTel is remembered because of its terrible service (actually most of it was self-sabotage by their own employees who had been told if the company was privatized they'd get higher salaries - oops, most were fired).
Aerolineas Argentinas is the best example of this too. Aerolineas owned over 20 planes, 3 simulators, dozens of buildings across the world (in airports and outside), employeed thousands of people, and operated at a loss of about 1 million dollars a year. It was privatized. After 10 years of privatizations, Aerolineas leases all its planes, owns no simulators, liquidated most of their buildings, employs hundreds (not thousands) of people, and.. it operates at a loss of over 1 million dollars a year.
I could keep giving you examples here, but it's not needed. The pattern is pretty clear here: Own a privatized company, liquidate everything you can, and funnel ALL earnings outside the country. If the company needs some sort of investment, you only do it if it's critical (like Telecom, who could simply not operate because the lines were in terrible state), and all investments you do through a loan taken in Argentina and paid in Argentina (and then not pay it, take it to an extreme situation, and threaten to fire all employees. Then they go out to the street, protest, and the government takes care of the d
Indiegogo works in over 200 countries and it's also US based. Your point is bullshit.
You're mixing everything up right now.
I DO NOT support my government. I didn't vote for this woman, and I suffer her retard policies every day (did you know we, Argentinians, can't freely buy foreign currency anymore? Did you know that we can't even RECEIVE MORE THAN TWO PACKAGES FROM ABROAD A YEAR?).
That said: I support what the government is saying. We're not in a "voluntary" default. The truth is that NML capital bought Argentina's debt for a mere 80 million dollars, and it's worth over 1 billion right now. The truth is that 92% of creditors accepted a restructuring: Argentina agreed to pay back 100% of capital AND 300% in interests. NONE of the people who entered the debt restructuring are losing money. So when you hear "Argentina is paying only 25%" that's twisted: we're paying 25% of the riduculously high rate we had to take money for, but we're paying back in full AND paying enough interest.
A 1000% return is too good to be true. And in this case it was.
NML capital sued. And the juge ruled we had to pay in full, right now. The problem is that if we do, there's another 20 billion more in debt we have to pay to the other holdouts. And also, if we pay any of them, the "pari passu" clause is triggered and argentina's debt restructuring is destroyed. We're back to square one, with a debt of over 200 billion dollars again.
You know why this is bullshit? Because this is NOT how it works anywhere else. If someone owes you and goes bankrupt, and if most other creditors agree with the restructuring, you're forced to accept it. In fact. the IMF wanted to make this true for all cases, but they were ignored. The UN passed a resolution about this (and guess who rejected it? Two countries, one of which was the US).
What also happened is that Argentina "was declared in default" even though we made the payments - except there was this slight problem: a US judge blocked the payments EVERYWHERE - even European citizens were affected by this. So we're in default because a US judge decided so. Not because we want to.
Want to make this more dirty? The "default insurance" was paid, and then it was decided that Argentina wasn't really truly "defaulted". So, thanks to this judge, a few people made a lot of money in a single day.
So yes, you don't really understand economics. Argentina's problems aren't caused by our unwilingness to pay. Griesa could have "delayed" his ruling by just 6 months and Argentina would have been able to negotiate with NML. As things stand, there's not much we can do. If we "negotiate" anything with NML, the whole restructuring thing goes to hell. Now, why did Griesa rule now? Why couldn't he wait? Why didn't Obama stand up for Argentina after he said he would? (because he's afraid of Paul Singer)
Yes, we get into dirty US Foreign policy right now. Argentina is doing something the US doesn't like, so the US uses their economic resources to tame us. Try and see the world with a more cynical eye and you'll see that everything isn't that fair, and that the US doesn't play nice.
I have no idea what you mean by "stealing foreign assets".
And as for kickstarter: they only work with 10 countries. Indiegogo works in over 200 countries. The whole point of my original comment was that KICKSTARTER doesn't want to work with US & buddies. You made it all about debt and all other irrelevant bullshit.
Sure, yes. Those words, man, are written in stone. No way to change those laws.
And if it's in the constitution.. ohh wow - that's untouchable. We need a constitutional reform to change the slightest comma in the constitution.
Oh - wait. I was thinking of my country's constitution! We're talking the US constitution! The one that can be modified without a reform, simply with an ammendment.
Wow.
Ah hah! but that's communist!
When the government does something with its money, it's COMMUNISM. If the government builds a road, that's communism for you. If they build a hospital - a PUBLIC HOSPITAL?? DAMN COMMUNIST GET OUT OF MY COUNTRY.
Everything should be privatized. Absolutely everything. Schools, hospitals, roads. It's more efficient that way. And all laws should be abolished as well. In fact: there should be NO TAXES and NO GOVERNMENT. Any person should be able to do whatever they please with their money.
Now, if you funnel the money through the military, that's great. It's not communism if it's military.