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A sign in Buenos Aires reads "Argentina or Vulture Funds'

Comment: Argentinian government bonds were bought at criminally low prices by US banks and other shady financial outfits under US-backed Argentinian dictatorships and client regimes in the 1990's. Government bonds were sold to these outfits for 30 cents on the dollar, with the promise of being paid back 100cents at a later date. Two of these 'vulture capitalists' are refusing to accept anything less than 100cents, and the corrupt US judicial system is backing them to the hilt and demanding that these two be paid before any of the other investors who are willing to accept a much more reasonable return.


Argentina has deposited $161m (£99m) in bond interest payments with the state-controlled Nacion Fideicomisos bank, in an effort to skirt US court rulings.

The country had previously kept its funds with US-controlled Bank of New York Mellon.

The move comes a day after a US judge ruled Argentina was in "contempt of court".

That ruling stated Argentina must repay two US hedge funds before repaying other bond holders.

"By making this deposit, Argentina confirms once again its unshakeable commitment to meet its obligations to bondholders," said Argentina's finance ministry in a statement.

Argentina is attempting to pay its bondholders in a second tranche of debt known as the Par series so as to avoid defaulting once more.

However, experts caution that simply placing the debt payment in a non-US controlled bank is probably not sufficient to allow Argentina to avoid a US court ruling barring it from repaying certain debts above others.

Argentina has been trying to repay the holders of its debt from when the country defaulted in 2001.

The majority of those bond holders have agreed to lower payments as a result of Argentina's bankruptcy.

However, two hedge funds - NML Capital and Aurelius Capital Management - have demanded full repayment of the $1.5bn (£920m) they are owed, and have sued to prevent the country from paying back only its restructured bonds.

After Judge Griesa sided with the hedge funds in a July ruling, Argentina was forced to default on its debt for a second time after refusing to repay the hedge funds.


Comment: The fact that someone can 'sue' the Argentinian government in a U.S. court and expect to have the judgement upheld AND enforced, is clear evidence that the US government certainly believes that it is a empire, so why don't people around the world know it also?