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peppertree

(23,362 posts)
2. Ah, yes - Herr Kast: The world's first son of a known Nazi officer to become Head of State (outside Germany)
Sat Mar 28, 2026, 10:39 PM
Mar 28
https://www.democraticunderground.com/113353982

Kast's family - who first became famous when José's older brother briefly led Chile's Central Bank during the Pinochet-era 1982-83 collapse - had long denied any Nazi ties.

Until ze Papieren were found in Germany (José's father, Michael, had indeed been a Wehrmacht officer and Nazi Party underling).

Chile, until last year, also had the "distinction" of being the only country in the world whose richest man was also a known Nazi: the late Horst Paulmann (1935-2025), founder and longtime CEO of South America's largest retail chain, Cencosud.

Paulmann had been an SS officer in the 1940s - and, some believe, received a large cash infusion in the 1970s from the Odessa Network (a ring of SS fugitives believed to have handled billions in offshored Nazi investments - much like Prescott Bush did as early as 1927). Paulmann had likewise denied any Nazi links.

As far as Chile's economy - like most of Latin America's, its growth has slowed considerably since the region's 2002-13 boom: It was 2.8% in '24 and 2.5% last year (it had averaged 4.6% in 2002-13 - and just 1.8% in 2013-23).

Exports to the U.S. actually jumped by 15% last year - so they seem to have dodged the Trump chaos, despite a "leftist" president (the now ex-President Gabriel Boric).

Argentina's, of course, has been a far more erratic - and underperforming - story (as the late Robert Duvall's Argentine wife liked to say: "Welcome to Argentina, my friend" ).

The Mileise led to a 1.3% slump in '24 (despite a yooge bumper crop, that added to 2% to growth that year) - but growth bounced back to 4.4% last year (at least officially: the statistics director was just fired to refusing to massage the December data - which then came in "unexpectedly" strong).

Growth had actually averaged 5.4% during the 2002-13 boom - but -0.1% during the 2013-23 malaise that followed.

Argentine exports to the U.S. jumped almost 17% in '25 - though that had more to do with Argentina's ongoing Vaca Muerta oil boom that any Trump favors.

And that brings us to Burford's BS lawsuit (actually, a purchased lawsuit). It's no secret that the Brits have been using them in a bid to abscond with the now much-coveted YPF - a top producer in Vaca Muerta (a massive tight oil and gas field in SW Argentina - whose 2011 discovery prompted YPF's 51%-renationalization).

Old pirate customs die hard, it seems.

Burford (and their U.S. sidekick, Eton Park) will no doubt appeal - and that means the Roberts Court, who had a decade earlier (you might recall) sided with Paul Singer's Caymans vulture fund NML in a similar case.

So - we'll see.

All the Best.

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