In case you missed this documentary. Be inspired!
Originally posted April 6, 2009
Following parts one, two and three of the Global Power Project’s Group of Thirty series, this fourth and final installment focuses on a few of the G30 members who have played outsized roles both in creating and managing various financial crises, providing a window on to the ideas, institutions and individuals who help steer this powerful global group.
The Assassin of Argentina
Prior to 2008, one of the most notable examples of a highly destructive financial crisis took place in Argentina which, heavily in debt, faced a large default and was brutally punished by financial markets and the speculative assault of global finance, otherwise known as “capital flight.” Continue reading
The untold story of the sources of the loot controlled by Paul “The Vulture” Singer, Ken Langone and the Kochs—and why they need to buy the White House
Greg Palast’s investigative reports are broadcast by BBC Television’s Newsnight. His new book, Vultures’ Picnic: a Tale of Oil, Sex, Radiation and Investigative Reporting will be released by Penguin USA on November 14.
[October 5, 2011] Paul Singer likes to breakfast on decayed carcasses. What he chews down is sickening, but just as nausea-inducing are his new table mates: Ken Langone and the Koch Brothers, Charles and David.
Replaced video Oct. 11, 2017
MrJacktemplar on Jul 14, 2014
There’s a revolution underway in South America, but most of the world doesn’t know it. Oliver Stone sets out on a road trip across five countries to explore the social and political movements as well as the mainstream media’s misperception of South America while interviewing seven of its elected presidents. In casual conversations with Presidents Hugo Chavez (Venezuela), Evo Morales (Bolivia), Lula da Silva (Brazil), Cristina Kirchner (Argentina), as well as her husband and ex-President Nestor Kirchner, Fernando Lugo (Paraguay), Rafael Correa (Ecuador), and Raul Castro (Cuba), Stone gains unprecedented access and sheds new light upon the exciting transformations in the region.
On February 22 two major developments occurred in the Americas south of the Rio Grande. The two-day Rio Group summit opened in Mexico and Great Britain started drilling for oil 60 miles north of the Falklands Islands, known as Las Malvinas to Argentina.
The meeting in Mexico was identified as a Unity Summit because for the first time the 24 members of the Rio Group (minus Honduras, not invited because of the illegitimacy of its post-coup regime) – Argentina, Belize, Bolivia, Brazil, Chile, Colombia, Costa Rica, Cuba, the Dominican Republic, Ecuador, El Salvador, Guatemala, Guyana, Haiti, Jamaica, Mexico, Nicaragua, Panama, Paraguay, Peru, Suriname, Uruguay and Venezuela – were joined by the fifteen members of the Caribbean Community (CARICOM): Antigua and Barbuda, the Bahamas, Barbados, Belize, Dominica, Grenada, Guyana, Haiti, Jamaica, Montserrat, Saint Lucia, St. Kitts and Nevis, St. Vincent and the Grenadines, Suriname, Trinidad and Tobago. (Haiti, Jamaica and Suriname are members of both organizations.)
Ahead of the summit the Financial Times wrote, “The Mexican-led initiative, a clear sign of Latin America’s growing confidence as a region, will exclude both the US and Canada. Some observers believe it could even eventually rival the 35-member Organisation of American States (OAS), which includes the US and Canada and has been the principal forum for hemispheric issues during the past half century.” 
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by Finian Cunningham
Global Research, February 22, 2010
Little England Struts Again
Exactly 28 years later, the spectre of the Falklands War makes a comeback. This was one of Britain’s last colonial wars – a sordid episode in the annals of the British Empire. In 1982, UK Prime Minister Margaret [Thatcher] sent a task force to “defend” the Falklands from long-held territorial claims by Argentina of Las Malvinas, which Britain had seized in 1833. The islands are approximately 300 kilometres off the coast of the South American mainland and 12,000km from Britain.
Some 900 servicemen – more than two-thirds of them Argentine – died in the 74-day Falklands War. The most notorious incident was the sinking of the Argentine navy cruiser, the General Belgrano, by a British submarine, HMS Conqueror, on 2 May, 1982. Two torpedoes dispatched 323 Argentinians to their watery graves. The attack was sanctioned by Thatcher and caused an international storm because it occurred outside British-declared territorial waters and the Belgrano was reported at the time to be sailing west, away from the disputed islands.
by Rick Rozoff
May 16, 2009
The Arctic and Antarctica are the last vast untapped reservoirs of mineral resources on the planet. 
If the expansion of Australia’s territory is formalized, this will disrupt the operation of international legal mechanisms, which have already been seriously affected by the proclamation of Kosovo’s independence.
Worse still, this will open the door to a large-scale re-division of the world. The South Pole precedent could be applied in the North Pole, which will turn the struggle for the Arctic resources into a global war, inevitably involving Russia. 
May 13th of this year marked the deadline for “states to stake their claims in what some experts are describing as the last big carve-up of maritime territory in history,” Reuters reported in October of 2007. 
May 15, 2009
Fire the Boss: Naomi Klein & Avi Lewis on “The Worker Control Solution from Buenos Aires to Chicago”
Shock Doctrine author Naomi Klein and Al Jazeera host Avi Lewis discuss the workers who are taking over their factories and plants rather than lose their jobs, some to owners who owe money to bailed-out banks. They also address the latest news in the nation’s global economic collapse amidst the White House and Democratic-led Congress’s rejection of single-payer healthcare. [includes rush transcript]
peltecs on Jan 27, 2011
Documentary on the events that led to the economic collapse of Argentina in 2001 which wiped out the middle class and raised the level of poverty to 57.5%. Central to the collapse was the implementation of neo-liberal policies which enabled the swindle of billions of dollars by foreign banks and corporations. Many of Argentina’s assets and resources were shamefully plundered. Its financial system was even used for money laundering by Citibank, Credit Suisse, and JP Morgan. The net result was massive wealth transfers and the impoverishment of society which culminated in many deaths due to oppression and malnutrition. If you want to stop the same thing from happening here, and it is happening here, right now, please join the revolution at the Kick Them All Out Project, http://www.KickThemAllOut.com and the Fire Congress Campaign.
Mon, 28 Jul 2008 18:13:35
US marines have landed at Puerto Belgrano naval base in Argentina to launch a joint amphibious drill with Brazil, Chile and Argentina.
“The intention of the exercise is a common language for when the moment comes a UN mission needs this kind force services. The significance of the exercise is given by the continuity factor: Chile in 2007 and Brazil next year, with Peru subscribing as another candidate to join forces”, said Sunday an official release from the Argentine command.
Three hundred men, half of them Argentine marines (36 US marines with Iraq experience) took part in the exercise code-named “Exchange 2008”. The drills included amphibious landings from Argentine Navy light transport plus combined operations on the ground.
Peruvian officers next to observers from Uruguay, Colombia and Bolivia were present at the exercise as well as Brigadier General John Croley, Commander of the US Southern Command Marine Corps.
The purpose of the joint exercise has been described as training forces to act combined in peace missions under the UN command. But some experts in the field say that military drills is aimed at weakening the anti-US front already present in the region.
The United States encourages military pacts among its regional allies like Colombia and Brazil to ward off the influence of the socialism fostered by Venezuela, Cuba, Ecuador and Bolivia in its backyard.
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by The Other Katherine Harris
The Other Katherine Harris’s blog
Nov. 2, 2007
“Where does one go from a world of insanity?
Somewhere on the other side of despair.”
~ T.S. Eliot, from his play The Family Reunion
Alongside the surfeit of Getting It Wrong that prevails in our world of insanity, a couple of countries have gotten two crucial things right. There’s much we could learn from Argentina and from Iceland about how to deal with our economic and energy crises, respectively. But trust our media not to report these good news stories well, since they fly in the face of what passes here for wisdom.
Dispatch 1: Argentina. Only the LA Times seems to have acknowledged the sheer sense behind Cristina Fernandez de Kirchner’s presidential win last week. Her party and that of her husband, the previous president, grew the nation’s economy by more than 50 percent in the past five and half years — making it the Western Hemisphere’s fastest-growing — while liberating more than 11 million people (28 percent of the population) from the abject poverty that befell them under the evil sway of the IMF/World Bank’s gang of looters. Yeah, by defaulting on $100 billion in crippling debt at the end of 2001, they lost foreign investment and the ability to borrow directly in international bond markets, but those proved no great losses. The recovery didn’t require strong exports, either; they contributed only about 13 percent to the result. All it took was, as Mark Weisbrot put it, getting “basic macroeconomic policies right” — which meant reining in an overvalued currency that favored artificially cheap imports, while keeping interest rates low enough to promote growth, never mind inflation. Thus the Kirchners and their colleagues achieved average annual growth that, at 8.2 percent, was more than twice the average for Latin American nations. Further, wages have soared by more than 40 percent (adjusted for inflation).
Sounds like heaven from where most Americans sit, having steadily lost buying power and benefits for 30 years, doesn’t it? And yet we keep being told that our only possible future lies in pandering to giant transnationals and even paying them to ship our jobs offshore. In the Argentinan version of the word, mierda del toro.
Dispatch 2: Iceland. Back in the 1970s, when our effed-up government inflicted Pinochet on Chile and everything in South America started going swiftly to hell for all but a tyrannical elite, Iceland was one of the world’s poorest nations. Now it’s one of the most affluent, ranked fifth in GDP per capita, based on three decades of utterly sane energy policy. We were making headway in that arena, ourselves, until Reagan pulled the plug on developing solar, wind and other energy alternatives that vied with what his buddies were selling. Come recently to our shores bearing the gospel of geothermal energy, Iceland’s President Olafur Grimmson said we’re also sitting on goldmines of the stuff. According to Byron White, writing for The Daily Reckoning a few days ago, Grimmson told both a Harvard audience and members of our (unreasonably uninformed) Senate that the U.S. sits atop “the second-largest geothermal resources in the world” — more than highly volcanic Iceland has and yet Grimmson’s folk are “heat-mining” so effectively that foreign companies have queued up to obtain such cheap electricity. “Fully 100% of Iceland’s electricity now comes from renewable sources, geothermal and hydroelectric,” wrote White, “and almost all buildings … are heated with geothermal energy … (A)bout 72% of … energy usage is tied to geothermal sources, which eliminates essentially all carbon emissions and dramatically reduces reliance on imported fossil fuels.” Citing a second source, Walter Snyder, director of the Intermountain West Hydrothermal Consortium, White added that “known but untapped sites in Western states could be developed within a reasonable time to produce … the equivalent (of) about 15 nuclear power plants or 30 coal-fired plants.” And Snyder imparted that information to the same Senate Committee on Energy and Natural Resources a year ago!
So why do you reckon we’re being railroaded into subsidizing lunatic alternatives like filthy coal, immensely dangerous nuclear power and biofuels that experts warn will starve the world’s poorest people and are already contributing to sharply rising hunger in America?
Here in the world of insanity, Andrea Hopkins wrote for Reuters on October 30: “The Hormel Hunger Survey released on Monday … found 64 percent of Americans believe US hunger has worsened in the last year, with 13 percent saying they or someone in their family had gone to bed hungry in the past month. Sixty percent said they have had to cut back on the quality or quantity of food they buy because of higher prices, while 29 percent said they expected to ask for food from a food bank or other charitable organization in the future.”
Let me cover the big picture. I do think we’re approaching the end of the world as we know it…I think there is such thing as the business cycle. It exists. And we’ve had the longest expansion – and the strongest expansion – in the world history. But we’re at the end of a 25-year boom. It’s gone on more than a full generation now. And I’ll tell you how it’s going to end: It’s going to end with a depression, and not just a depression; not just another Great Depression; it’s going to be the Greater Depression.
What’s a depression, incidentally? It’s a period of time when distortions and misallocations of capital are liquidated; that’s called a depression. Over the last 25 years, distortions and misallocations of capital have produced an artificial boom. But when these distortions and misallocations of capital are liquidated, we’ll get a depression.
Another general definition of a depression is this: a period of time when most people’s standard of living goes down significantly. Now, for the long run, there’s no question in my mind the standard of living of everybody on earth is going to go up immensely over the next hundred years. Immensely. But that doesn’t mean that we’re not going to have setbacks, and I think we’re looking at one: A severe standard of living drop. So the economic picture is not going to be good…
So what should you be doing about all this? I suggest you really internationalize yourself. I think what you ought to have is your citizenship in one country, your bank account in another country, your investments in a third, and live in a fourth. You’ve got to internationalize yourself. Most people out there are like medieval serfs, psychologically and physically: they’re born some place, they don’t go very far from it and that’s where they die, and they’re going to get exactly what they deserve. Well, you can’t be that way. I think you ought to treat the world as your oyster.
What am I doing about this? I’ve been all over the world. I guess I’ve lived in 12 countries now. And out of 175, I’ve been to most of them, numerous times actually. What am I doing, where do I want to go, where am I living?
Well, in New Zealand. I went there a few years ago for the polo, actually, and the reason was that playing polo there was about 10% what it cost me in Palm Beach, and I liked it better. So we bought a lot of real estate. But since then, the currency has doubled and the real estate within that currency has doubled at least. So I’m getting out of New Zealand. Where am I going now? I’m going to Argentina.
And let me give you a tip, okay? Forget about Europe, it’s going to become a petting zoo. It’s like Disneyland with real stones instead of paper Mache stones. I mean, Europe is on the slippery slope. I wouldn’t touch Europe with a ten-foot pole. If this war with Islam gets out of control, Europe is going to be an epicenter. It’s going to be a disaster. I’ll tell you where you ought to look. Argentina is the place to be. It’s the cheapest country in the world. It has low population, incredibly beautiful, the climate is great. One hundred years ago, it was in competition with the US for being the best place in the world and the richest place. But it went downhill radically, radically.
But let me tell you something. It’s turning around I think. And what’s going to happen is driven by the fact that everything in Argentina costs between 10% to 30% of what it costs in North America. That’s correct. It’s that cheap. It’s free. It’s free. It’s free for us as North Americans. But the Europeans really think it’s free with that strong Euro. So you’re getting a massive immigration from rich Europeans that can see the handwriting on the wall and like it down there. And I really like it down there. It’s just a great society, great society, great place to hang out, prices are right. I mean this can solve most of your investment problems right there, just by transplanting yourself, if you’ve got some capital.
Furthermore, Argentina is going to be insolated from WWIII to a good extent.
Hope to see you down there!
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