Court Places Bankers Over Sovereignty
by Bill White
The United States Supreme
Court has reached a new level of hubris, ordering the sovereign
nation of Argentina to pay in full defaulted bonds bought by Jewish
hedge funds, demonstrating the arrogance of the one-third Jewish
black-robed body as it attempts to govern the world through judicial
How the court intends to
enforce the ruling against Argentina, which is an independent nation
not subject to U. S. law, is unclear.
In 2001, Argentina was
forced to default on its debt, after its government chose to continue
to provide services for its people rather than continue to pay
extortionate interest to international bankers. Argentina then
restructured most of its $100 billion dollars in debt, paying out
$9.3 billion in new debt in exchange for $93 billion of the old.
Two Jewish-owned hedge
funds, Aurelius Capital Management and Elliott Management
Corporation, then bought the remaining $7 billion in debt for a few
hundred million, and went to court demanding that Argentina pay the
debts in full.
The result has been a
twelve year court battle in the District Court of New York, the U.S.
Second Circuit, and now the U.S. Supreme Court, with a series of
judges’ rulings that U.S. law governs Argentina’s debt and that
Argentina must treat all creditors “equally.” Ironically, this
means that Argentina could satisfy U.S. law by defaulting “equally”
on both its restructured as well as its unrestructured debt.
The ruling shows that the
power in the United States and the Bretton Woods system entities such
as the World Bank and the International Monetary Fund, exercise on
behalf of private Jewish banking interests. Typically, when a nation
like Argentina or Greece goes to deeply into debt the International
Monetary fund or, in Europe, other international entities such as the
European Union, step in and impose “austerity.” The goal of
“austerity” is to make sure interest on the national debt is paid
to international banks, while the nation’s people receive
By pursuing Argentina in
this manner, the international banking community is sending a message
that they will always be paid, and that any nation which chooses to
default and buck the banker’s power will be pursued by the banker’s
attack dog, American “law.”
But despite these
efforts, the Supreme Court ruling is likely unenforceable. An effort
to seize an unnamed Argentinian Navy training vessel in Ghana last
year to pay the bonds ended up in failure after a UN tribunal ordered
the ship released.