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Part I: The Parasite Guild

This is Part I of a two-part series. Part II is Countering the Parasite Guild via Gottfried Feder’s Abolition of Interest Slavery. The currencies of most of the developing nations are being routed. I have an overall theory about why this happens. They are set ups. There is literally a parasite cabal, or guild, that promotes and exploits these situations. Take for example Argentina, where the guild is adept at promoting a government that employs poor economic principles. 

Source; WilliamBanzai7


Enter the Krugman Factor. (((Paul Krugman and his ilk))) are planted mouthpieces to promote the idea of money printing and bankrupt fiscal policies to unsophisticated foils. Another plant is the well-placed (((Robert J. Shapiro))) [see “Exploring the Dark Lobbies of Vulture Hedge Funds“]. At some point, a rope is put around the neck of countries like Argentina, and they are strangled. In effect, the funds dry up. The preferred method of the Parasite Guild is to swoop in and buy up that country’s debt at distressed prices. The end goal is extortion to privatize gains and have the public take the losses.

In the developed countries, this debt is then dumped for a profit on central banks and national treasuries run by other guild members. Mysteriously, the debt of bankrupt countries — like Italy, Spain and even Greece — enjoy massive rallies. In this phase, the guild registers huge gains and the foil is dug an even deeper grave.

A star member of the Parasite Guild is (((Paul Elliott Singer))), the primary actor involved in Argentina debt default. Singer operates free from serious U.S. press coverage. That’s likely because the mainstream media in the U.S. is largely owned by the cabal.

After Argentina wrecked itself under a mountain of debt, Singer accumulated defaulted Argentine debt on the cheap. He then took Argentina to court to collect. The (((lap-dog judges))) that preside over the case are members of the “New York courts,” a branch of the same cabal. This is the model for the coming rash of sovereign defaults and vulture attacks. This can only be characterized as a debt-slave war.

Incidentally, as soon as Argentina defaulted on its debt in 2001, foreign capital soon was lending large sums to it at a relatively low interest rate. With the country approaching yet another default, rates are climbing higher.

In a warm-up drill for the debt-slavery game in 1996, Elliott bought defaulted Peruvian debt for a reported $11.4 million. In 1998, a U.S. court ruled that one could not buy debt with the sole purpose of suing the debtor. The ruling was overturned, and Elliott won a $58 million judgment in 2000.

After Argentina defaulted on its debt in 2002, NML Capital, a unit of Elliott’s, refused to accept its offer to pay less than 30 cents on the dollar on debts that originally amounted to over $182 million. Elliott’s assess the debt at $2.3 billion.

In early October 2012, NML arranged for the seizure of an Argentinian naval vessel in Ghana, the ARA Libertad, in an effort to strong arm Argentina into paying its debt. Argentina, however, refused to pay and shortly thereafter regained control of the ship and removed it from Ghanaian waters.

In a November 2012 HuffingtonPost piece, Argentinian Foreign Affairs Minister Hector Timerman harshly criticized Singer for attempting to collect on the debt. He called calling Singer “the inventor of vulture funds.” Timerman argued that the $127 million Singer had previously received from the Republic of Congo to settle a $400 million debt acquired for $10 million “should be going to build roads, schools and other poverty reduction programs.”

In his investor letter for the fourth quarter of 2012, Singer described Argentina’s response to the court’s ruling as “defiant and acrimonious,” saying that its dismissal of the ruling as “judicial colonialism” was “puzzling,” given that Argentina had chosen “to submit itself to the jurisdiction of New York courts and to waive its sovereign immunity.”

In March 2013, Argentina offered a new plan that was judged unlikely to be acceptable to the New York courts. On Aug. 23, 2013, the Second Circuit of the U.S. Court of Appeals affirmed the lower court’s verdict and dismissed said plan. The final step was bringing in a stooge government in Argentina that gave the parasite guild what they wanted.

Today, Argentina’s economy and society is in utter collapse. Neighboring Brazil is seeing serious financial fallout, and there is fear of contagion. There are lots of new ducks being lined up for the Parasite Guild operatives.

Paul Eliott Singer is no dummy. Connect the dots on what he sees coming. Both Soros and Singer see Europe as the prize. And the U.S.? Rest assured, the cabal has its moles planted to administer Dodd-Frank and to oversee FDIC. From Grant’s Interest Rate Observer:

CRISIS OF THE FUTURE: Make no mistake, Paul Singer, founder and president of Elliott Management Corp., told the Grant’s audience, the next financial crisis will be a doozy. It could be doozier even than the 2007-09 affair from which we have learned all too little, Singer continued. GAAP is no more informative than it was, our mighty financial institutions are as complex and vulnerable as before, “too big to fail” has, in fact, been enshrined into law. European debt troubles are a new crisis menu item, the American entitlement mess a familiar one.

“‘Dodd-Frank radically changed bankruptcy law to enable the FDIC to seize financial companies which are thought to be in danger of default,’ observed Singer, a lawyer in his pre-Wall Street life. ‘Prior law for decades required, of course, actual default or a voluntary filing by management. The seizure process in Dodd-Frank takes two — count them — two days, and is thus essentially unreviewable and unappealable. The FDIC is also ordered, pursuant to Dodd-Frank, to toss out management and seek damages from people, including third parties, who are ‘responsible’ for the financial condition of the troubled company. It also enables the FDIC to transfer assets willy-nilly out of the corporate entities where they reside, thus making the analysis of one’s counterparty impossible.'”

3 Comments on Part I: The Parasite Guild

  1. You’re on a roll, Russ. Thanks for your stimulating articles. This is war by any other name. Using the military is just old hat. The financialization of everything is the new game. Why attack frontally if you can steal and kill by breaking up everything into bite sized financial chunks and grab the wealth by debt stealth?

    This period of history will be looked back upon with absolute amazement (if we make it to the other side).

    Humanity needs a major wake up call and we are getting it. We should rejoice. It’s the only chance we have to destroy the old multi-millennium system of slavery we are living under. People have no clue what this system really is, how it got started and how long it has been going on. We are suffering from cultural amnesia.

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