Today the Argentine central bank raised interest rates for borrowers to 40%, up from 27.25% on April 27th (archived).
Category Archives: South America
Chilean State Bank And Chilean Branch Of Itau Suffer Pre-Trial Loss Against Local Bitcoin Exchange Over Account Closures
Banco del Estado de Chile and the Chileño branch of Brasilero Banking titan Itaú have been ordered to reopen accounts for local Bitcoin exchange Buda.com after the later sued over losing access to traditional fiat side financial services following account closures. The Chileño "Free Market Court" ruled that closing the accounts was premature and Buda.com's accounts with the banks must remain open until the lawsuit concludes.
Handicapped by Pacific coastline, earthquakes, and mountains which make building adequate Internet connectivity a challenge, Chile has resorted to other strategies in an attempt to remain economically relevant in our future.
Venezuela's Education Minister: Eat Less If You Want To See Food In Supermarkets
Venezuela's education minister and former Vice President Elias Jaua blames empty grocery store shelves on his fellow Venezolanos and Venezolanas eating too much (archived). This was accompanied by his declaration that:
Thank God there is a Bolivarian Revolution and our people have a right to eat meat, chicken, milk, that they did not have ten, 14 years ago
Meanwhile the "right to eat" won by the Bolivarian Revolution has resulted in a net drop in Venezuela's per capita human mass of 11 kilograms. This resembles the manner in which Obamacare substantially reduced access to healthcare in the United States.
Ecuador Cuts Communications From Assange As Brits Go On Tilt
The Embassy of Ecuador in London has cut off communications between Julian Assange and the outside world following pressure from NATO member states. Recently the sublethal poisoning of a British Spy in London with a common nerve agent has been used as a pretext for the United Kingdom to pressure its allies into isolating Russia and other percieved enemies. The full text of Ecuador's announcement is below:
COMUNICADO OFICIAL
28 de marzo de 2018
EL GOBIERNO DE ECUADOR SUSPENDE LAS COMUNICACIONES DE JULIAN ASSANGE
El Gobierno de Ecuador suspendió de los sistemas que permiten a Julian Assange comunicarse con el exterior desde la embajada ecuatoriana en Londres, en donde el ciudadano permanece en situación de protección internacional desde hace seis años debido al riesgo que corre su vida e integridad.
La medida fue adoptada ante el incumplimiento por parte de Assange del compromiso escrito que asumió con el Gobierno a finales de 2017, por el que se obligaba a no emitir mensajes que supusieran una injerencia en relación a otros Estados.
El Gobierno de Ecuador advierte de que el comportamiento de Assange, con sus mensajes a través de las redes sociales, pone en riesgo las buenas relaciones que el país mantiene con Reino Unido, con el resto de los Estados de la Unión Europea y otras naciones. Por todo ello, para prevenir potenciales perjuicios, la embajada en Londres interrumpió este 27 de marzo las comunicaciones al exterior a las que tiene acceso Assange.
El Ejecutivo mantiene además abiena la vía a la adopción de nuevas medidas ante el incumplimiento del compromiso por parte de Assange.
USG Attacks Softest "Crypto" Target Possible
Today the USG under the name of President Trump announced sanctions against an ICO offering advanced by the Maduro government in Venezuela. Expect substantial wank and declarations of "effectiveness" in the USG's combat against "trade" in this plainly toxic asset no one but the criminal ICO issuers wanted in the first place. Full text below: Continue reading
Argentine Coast Guard Fires On And Is Outmaneuvered By Chinese Fishing Vessel
Argentina announced that last week it had fired at a Chinese flagged fishing vessel, Jing Yuan 626 and failed to capture the vessel after an 8 hour pursuit. (archived)
Colombian Electorate Votes To Continue War Against FARC
The leftist rebel group FARC and the leftist Colombian government were dealt a serious blow after voters rejected a peace deal at the ballot box. For 52 years FARC has been terrorizing rural Colombia in the name of Marxist Leninism and for the last four of those years alleged Colombian president and noted leftist Juan Manuel Santos Calderon has been negotiating a peace deal centered around "truth and reconciliation" rather than "retributive" justice with the rebels. Apparently "truth and reconciliation is not popular with voters. Peace in our time, ballots in Colombia's.
Argentine Government And Monsanto Approaching Peace Deal
The Argentine government is considering a bill which would require soy farmers to pay royalties over three generations of crops grown from genetically modified seeds of the sort peddled by Monsanto. The measure would present a far better situation than that available to farmers in the United States, where in there perverted farming culture they are made to either buy seeds for every crop or pay as though they had bought seeds. The Argentine compromise would at least recognize that in sane agriculture farmers get to save a portion of their previous crop as seed if they choose to do so. Peace in our time.
Hold on to your butts – Argentina is going on sale.
This year Argentina has a new president, one Mauricio Macri. The fellow stands very strongly on the side of capital and against labour, with daily pronouncements drawing the ire of the grobian-socialistoid Argentine (("Hay que reducir los gastos, y el salario es un gasto mas" (Macri) – "El salario es un derecho [umano]!11" (the G-S A). Continue reading
Arris Cable Modems Weak
Bernardo Rodrigues has found a "double security threat" in Arris cable modems. The vulnerability was published on Oct 2013 and it still works (archived). This threat affects at least 600`000 modems and has been likely exploited. Compromised models include the TG862A, TG860A and DG860A. Continue reading