One year after Argentina emerged from its latest sovereign bankruptcy, and at a time when the Latin American nation grapples with a surging budget deficit, Argentina surprised markets by announcing (on Twitter) its intention to sell its first 100-year bond, taking advantage of a world starved for yield.
A group of angry farmers in Argentina have successfully stopped the expansion of a Monsanto facility and have halted future construction plans. Farmers, anti-GMO activists, and concerned citizens bravely occupied the Monsanto plant in Malvinas, Argentina, by descending on the property and refusing to vacate. Csglobe.com reports: “Residents of an Argentinian town have forced one of Monsanto’s half-completed GMO seed plants to be dismantled,” says Christina Sarich, writing for the Underground Reporter.
Submitted by Mac Slavo via SHTFPlan.com,
Submitted by Mike Krieger via Liberty Blitzkrieg blog,
Earlier this week, Ryan Grim and Paul Blumenthal published a blockbuster piece in the Huffington Post, titled: The Vultures’ Vultures: How A New Hedge-Fund Strategy Is Corrupting Washington.
Almost exactly two years ago, in April 2014, Greece issued €2.5 billion in 5 year bond yielding around 5%, which was met with huge investor interest and ended up being 8x oversubscribed. Fast forward to today when another former shutout from global bond markets, Argentina, is in the FT's words, "on the cusp of one of the most anticipated comebacks in recent history, as the Latin American country ends a 15-year exile from the international debt market with a multibillion-dollar sale."