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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: elmatador who wrote (22703)	8/16/2002 10:06:16 AM
From: Joe S Pack	Read Replies (1) of 74559

You are evading a few questions straightforward questions put forward. There are thousands of links and books that talk about IMF and loans. You and I know that Googgle can provide a better set of links than just one link you can point to. But this was about Brazil hand out and you conveniently evaded a few questions about the agreement and their composition by showing Maxican example. Can you figure out how much is backed by US Treasuary in this particular instance? Since you boasted about knowing more about IMF we uneducated would like to be educated. You volunteered to do so. Pray answer us a few questions. Thanks, -Nat <em> For educational purpose could you elaborate on these points? 1) Of 30 billions in recent doll out, how much is US's contribution? How of US contribution is backed by US treasury, and how much by private banks like C, Fleet? I heard that this time Private banks did not agree to US Government and treasury, and in fact their exposed risk is reduced due to US Government's doll out. I am not sure how far this is true. 2) What is the interest rate that Brazil is paying on this loan? Is it an emergency situation and hence no interest type arrangement? 3) Regarding US is already is a biggest debtor nation and hence J6P cannot possibly loan is irrelevant. Still US has the ability to borrow 10s of billion every month from all over the world to pay for its borrow-and-gamble life and to doll out to unfortunate and incompetent nations (I am not implying that US is competent in managing its pocket book. In fact it is the worst in that regard thanks to Free trade, WOT, WAT, WAD, WAP, WAI etc.). Ultimately, all those borrowed money has to be paid by the J6P with interest and hence J6P is loser. For me US and other IMF loan dependent nations are like addicted gamblers who borrow and bet, not worrying about how they are going to pay back or how their kids are going to face debt burden. 4) How much Brazil debt has been forgiven of the 41B? Or how much of principle is paid back and how much is the interest payment? Please enlighten us. </em>

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