March 26, 2008  The president of Ecuador, himself a drug king pin and an illegal financial market manipulator, blames everyone else for what he, himself, has been doing and is now caught doing. Deflecting blame works very well for adolescents -no one is responsible and no one tells the truth. But Correa goes too far and reveals his evil nature by threatening to put in jail other persons what he himself does. Correa does now publicly demand peril for any who speak up. Then again, Correa is a thug and all around him are either useful idiots or thugs- dishonest communist thugs. But you knew that.
 
Here is Bloomberg's: Correa Threatens Jail for Spreading Rumors on Ecuador Currency

 
Rafael Correa and his puppet Central Bankers tell us that they "need"- must have a few more billion to "defend the U.S. dollar. This is a lie also.

Correa instead needs to stop stealing from Ecuadoreans for his own statist plans and political campaigning, which has been steadily increasing for two years now, as Ecuador under Correa has run amuck, lost in a sea of unaccountability and opacity. On March 24, 2009, a British member of the European Parliament, Daniel Hannon took to the floor in Belgium and blasted the shocking plans in England to overspend wildly and debase Europeans through overspending, leaving the British with soaring unemployment, huge debts and no way out. Listen to MEP Hannon [in 24 hours, already millions have watched this YouTube- hungry for truthtelling] here.  And know this: England has a much better chance of recovering than Ecuador under Correa. Moreover, England thus far- as all European nations, does not threaten prison for truthtellers or the mere use of free speech. We can only hope that in Ecuador the truth will out as all Ecuadoreans should demand that Rafael Correa should resign for his personal insistence that free speech by anyone but him.... must die. We fear the hard effects of Correa's threats against liberty's primary operational tool: free speech.

Click here for a transcript of Hannon thoughtfully shared by U.S. News and World Report.  “…The truth, Prime Minister, is that you have run out of our money. The country as a whole is now in negative equity. Every British child is born owing around £20,000. Servicing the interest on that debt is going to cost more than educating the child. Now, once again today you try to spread the blame around; you spoke about an international recession, international crisis. Well, it is true that we are all sailing together into the squalls. But not every vessel in the convoy is in the same dilapidated condition. Other ships used the good years to caulk their hulls and clear their rigging; in other words – to pay off debt. But you used the good years to raise borrowing yet further. As a consequence, under your captaincy, our hull is pressed deep into the water line under the accumulated weight of your debt…” Read it all here.

Sound familiar? Just insert the name Correa or Chavez or Barack Obama instead of Brown and you begin to understand why Hannan's talk resonates so widely. And yes- Correa is a communist-socialist who has forced Ecuador in to an unproductive statism where all is controlled by his hand and freedoms are banished even as jobs go away/end and the future is very bleak. Indeed, even as data is on the table, Correa is lying some more that the price of oil will escalate [ oil prices will rise because Obama in the USa is weakening the USA by printing too much money and creating a weaker dollar soon to be followed by 20% or more inflation. But this synthetic shorting of the US dollar will soon enough be impacted by the illegal and cheesy Soros central bank called his plan for a new global currency, also called communism ]. What we do know is that the IMF and the World Bank and  the IDB have a role to play and that is this: to stand for legitimate banking practices. It is tragic that these multilateral lending banks have succumbed to the rank, disgusting failure to act with honor and themselves made high risk bets with other people's money just because the U.S. Democrats, such as Country Wide pressured these stupid banks in to buying their illegal derivatives bets.  This is pathetic. But these banks do now, because they played the Soros-way with high risk, off the books bets, now need cash. And whose solution to this dilemma is on the table? The Soros plan to run a new currency out of the IMF in tandem with the United Nations for a global  "economic office" funded by global taxes. They call this helping the poor. We call this helping the Soros liars who are currently rejoicing and telling the world that they are making lots and lots of money- billions unreported and untaxed- off the very misery they helped create with this global economic downturns. For his part, Barack Hussein Obama as president of the USA has not been honest about his multi-year support for the Soros global  plans as Obama plays hide and seek with veracity and his own plans. This is very dangerous.

So....Correa threatens jail to all who speak about his currency movements. Correa himself has made three different and dishonest statements about his own currency speculations. Correa has said that he alone will craft a new E-currency [perfect for his Iranian and Hezbollah trading partners] or he will reinstate a local currency because he also tells us repeatedly that he despises having to use the US dollar which is the one thing- the only thing-  that Ecuadoreans cling to because this saves them from run away inflation. Correa has also publicly stated that he will join Chavez's regional Latin American currency. In all three different steps, Correa himself opened his mouth: we did not put those silly words in his irresponsible, currency betting mouth: he did. So by his own rules, he should go to jail. Indeed he should and take his bond market and currency and derivatives betting boys with him for the good of all.

Who is Correa going to put in jail for spreading speculation about his next currency moves, which he himself has fostered so as to make money? Who? Maybe he will put his betting buddies from Lazard Freres in jail? Or how about his derivatives pals from Barclays who are said to have made a few cool billions with Chavez's derivatives trades? Or how about the hundreds of vermin-infested off the books, unknown shady players crawling all over the Iranian money machine now moving in to Quito? Or  how about Soros himself- that embraceable guy [ just ask Ecuadorean ambassador Gallegos how many times and in what locations he and Soros have embraced, along with Chavez's team in Washington- ask- the answer will surprise you] and know this: Ecuador is being run like a private hedge fund for communists. There is no question that as long as Correa's cabinet of liars and speculators and drug runners make money off your hard work that there is no legitimacy out of Quito- only more bets and more dirty work. And by the way- the price of oil has not recovered markedly. It is up and will continue to climb as long as US president Obama creates more economic suffering for the American people with higher and higher taxes to pay back his political supporters and more personal financial erosion such as a return to higher oil prices. But Obama, himself an idiot who jacks up the thermostat in the White House, advises Americans to "get a bicycle." We advise Obama to stop abusing other people's money. We say the same to Correa.

Rafael Correa threatens jail to anyone who speaks or acts on the current tale that he is running a huge lie about new funny money. For our purposes here, the point is not whether or not Correa will or will not run a new currency with the devil. The point is that Correa denies free speech and rejects transparency about all that he does and that is mostly known by his systemic refusal to be honest about his own grand theft of our money. If Ecuadoreans are unwilling to go to jail just because Correa denies them freedom, then all Ecuadoreans- no matter how fully trained by their Mamas to reject transparency and to lie a lot- get what they deserve: a timid nation of manipulative cowards. Either stand up for truth telling or look like your mother: a manipulative useless and dishonest machine of a once proud people, succumbed now to the numbing long night of their own cowardice. It is a self fulfilling addiction that brings no good.

For his part, Correa should allow one and all to inspect his- what do they call it now-? eleven cargo containers from Iran viz Chile to a clandestine military base. And he should welcome a full and independent forensic audit of PetroEcuador and the entire finances of Ecuador because nothing- nothing at all- has been honest about what and how Correa moves around your money. There needs must be a baseline and this baseline does not exist....because you have no asked for it. But you can and you must.

Correa, we know, is committing economic fraud. We cannot be unsure that this applies to all that he touches. It is time to call out Correa for his vast fraudulent  scams and inject a little law and order, no matter how popular Correa may be with the offshore derivatives boys who also loved the IDB because they too played along with these cartel betting rackets....until they also lost billions in monies that they were supposed to invest wisely but failed at essential stewardship just to make the U.S. Democrats backing dirty hedge funds happy. Stewardship requires no political ploys.

Correa has spread currency rumors. Correa now accuses others of doing what he himself has been doing, proclaiming his primal right to be your manipulator in chief. No one should make a living doing this. But thugs call this their goal in life: to manipulate everyone hey come in contact with. This is a bad thing.

And what of Chile? Where are the Chileans to act on their avowed transparency? Where are the shipping transcripts of these shipments from Iran through Chile to a clandestine zone at a clandestine military base outside Quito? Has anyone thought to ask? Has anyone thought to put some facts on the table from Iran and Correa and Chavez? Anyone? This is far far worse that then so called Suitcase Scandal which revealed Chavez's death threats and dirty bribery activities outside  Miami as Chavez bribes assorted Latin politicians such as the always-cocktail party ready Sra. Kirchner. Of course Chavez needs to be indicted for a variety of crimes, not the least for being- along with Correa- a known drug king pin. But as long as Correa and Chavez are oh, so embraceable to Soros and his friends in the wonderful world of dirty derivatives swaps and jiggered bond markets, you will find no justice- and no truth telling [also called a protection racket} by the U.S. Democratic Party for their club of malfeasance called the global derivatives clients of men like George Soros who do move happily in the shadows and tell us that they are making lots of money today off the ruins of others...which happen to be you and me.

-Pedro Camargo for ECrisis