Latin America

Obama (Scut Farkus), Europe (Grover Dill), and Snowden (Ralphie)

"It is obvious that nobody in the highest levels of government thought through the implications of the bonehead decision of the advisor who decided that the government was going to get Edward Snowden off that plane. It never occurred to him that Snowden was not on the plane. It never occurred to him that toadies in Western Europe would resent the fact that they were exposed as toadies. Finally, he never figured out that this would enable two near-communists and the anti-American President of the number-four oil-exporting nation to the United States the opportunity to offer asylum to Snowden, when they had not had the courage to do this prior." Continue reading →

Continue ReadingObama (Scut Farkus), Europe (Grover Dill), and Snowden (Ralphie)

Russian lawmaker: Snowden agrees to Venezuela offer of asylum

"NSA leaker Edward Snowden has accepted Venezuela's offer of asylum, a key Russian lawmaker tweeted Tuesday. Alexei Pushkov, the chairman of Russian Duma's international affairs panel, tweeted that Snowden had accepted the offer from Venezuelan President Nicolas Maduro. 'Predictably, Snowden has agreed to Maduro’s offer of political asylum,' Pushkov tweeted in Russian, according to Russia Today. 'Apparently, this option appeared most reliable to Snowden.' Pushkov later tweeted that his information came from a Russian newcast. State Department spokeswoman Jen Psaki warned Monday of consequences after Maduro made his offer." Continue reading →

Continue ReadingRussian lawmaker: Snowden agrees to Venezuela offer of asylum

Brazil confirms investigation into reports of NSA spying

"Brazil is to investigate reports of US electronic spying on its citizens, with President Dilma Rousseff saying that, if proven, such action would constitute a violation of sovereignty. Her comments came after the daily O Globo reported Sunday that the US National Security Agency spied on Brazilian residents and companies as well as people traveling in the country. The newspaper cited documents leaked by the fugitive former NSA contractor Edward Snowden. Rousseff confirmed that the National Telecommunications Agency and federal police have been ordered to probe the reports." Continue reading →

Continue ReadingBrazil confirms investigation into reports of NSA spying

Dollars Vanish as Tourists Grab Argentine Bondholder Cash

"Argentina’s supply of dollars it needs to pay bondholders is dwindling at the fastest pace since the depths of the nation’s economic crisis 11 years ago. Since Fernandez banned buying dollars for everything but travel since July, the nation has posted a deficit from tourism revenue of $223 million this year through April, a 10-fold increase from a year ago, as more Argentines went abroad to buy dollars at a cheaper exchange rateand the nation attracted fewer visitors. On the black market, a dollar costs 8.05 pesos compared with the so-called 'tourist dollar,' which is the official rate plus a 20 percent tax on credit cards, or about 6.44 per dollar." Continue reading →

Continue ReadingDollars Vanish as Tourists Grab Argentine Bondholder Cash

Snowden fate in balance as Cuba backs asylum bid

"US intelligence leaker Edward Snowden won support from Cuba for his bid to seek asylum in Latin America as he began his third week in limbo at a Moscow airport on Monday. Cuba, a key transit point from Russia on the way to Latin America, supported the leaders of Bolivia, Venezuela and Nicaragua, who have offered the 30-year-old fugitive a possible lifeline as he remains marooned without documents in the transit area of a Moscow airport. Even if Snowden receives a new passport or travel document and manages to board a flight to Latin America, there are no guarantees that his plane would not be grounded once it reaches European airspace, analysts say." Continue reading →

Continue ReadingSnowden fate in balance as Cuba backs asylum bid

Argentina’s grand plan to recover US dollars is about as worthless as its own currency

"For three months, anyone sitting on a pile of undeclared dollars will be able to contribute to Argentina’s already astronomical debt by depositing them at the central bank in exchange for a 4% annual return through 2017. But why would anyone buy Argentine bonds right now with American dollars? People aren’t sitting on dollars in Argentina because they make comfortable cushions; they’re hoarding them because it’s the safest investment in Argentina right now. Argentines are now willing to pay more than twice the open market exchange rate. The country’s crippling default in 2001 and the ensuing flash devaluation of the Argentine peso are fresh on everyone’s mind." Continue reading →

Continue ReadingArgentina’s grand plan to recover US dollars is about as worthless as its own currency

Argentina: Give Us Your Real Dollars for Our Fake Dollars

"President Cristina Fernandez de Kirchner’s wish of being able to print dollars is coming true as the central bank begins issuing dollar-denominated certificates today that trade in pesos. Argentina is issuing the certificates, known as Cedines, as part of a tax amnesty plan to attract undeclared cash back into the economy. The Cedin 'is an ideal medium for the payment of U.S. dollar obligations,' and can be used for buying products from house appliances to construction materials, according to the law approved by congress May 29, Argentines with undeclared foreign-currency savings have until Sept. 30 to trade their dollars for a certificate of deposit for investment, or Cedin." Continue reading →

Continue ReadingArgentina: Give Us Your Real Dollars for Our Fake Dollars

Glenn Greenwald: The NSA’s mass and indiscriminate spying on Brazilians

"The NSA has, for years, systematically tapped into the Brazilian telecommunication network and indiscriminately intercepted, collected and stored the email and telephone records of millions of Brazilians. All of this bulk, indiscriminate surveillance aimed at populations of friendly foreign nations is part of the NSA's 'FAIRVIEW' program. Under that program, the NSA partners with a large US telecommunications company, and that US company then partners with telecoms in the foreign countries. Those partnerships allow the US company access to those countries' telecommunications systems, and that access is then exploited to direct traffic to the NSA's repositories." Continue reading →

Continue ReadingGlenn Greenwald: The NSA’s mass and indiscriminate spying on Brazilians

Paul Craig Roberts: Lawlessness Is The New Normal

"Europe headlines are that 'NSA surveillance threatens the EU free trade deal' and 'Merkel demands explanations.' The protests are the necessary public posturing of puppets and will be regarded as such by Washington. The French government says the trade talks should be temporarily suspended 'for a couple of weeks to avoid any controversy.' However, the German government says, 'We want this free trade agreement and we want to start the talks now.' In other words, what Merkel describes as 'unacceptable Cold War-style behavior' is acceptable as long as Germany gets the free trade agreement." Continue reading →

Continue ReadingPaul Craig Roberts: Lawlessness Is The New Normal

Russia chides France, Spain and Portugal over Morales aircraft incident

"Russia has blasted the European countries which barred the Bolivian presidential aircraft from entering their airspace as unfriendly action, adding that such moves could compromise passengers’ safety. Russian diplomats added that they will continue to press for unconditional observation of international rules that guarantee the personal immunity of heads of state that prevent any attempts on their life, freedom and dignity. The Bolivian presidential aircraft had to land in Vienna, Austria, and remain grounded for 12 hours as France, Spain and Portugal closed their airspace for transit over a suspicion it could have been carrying NSA leaker Edward Snowden." Continue reading →

Continue ReadingRussia chides France, Spain and Portugal over Morales aircraft incident