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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 368.29

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Nov 7 4:00 PM EST

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To: elmatador who wrote (35579)	6/9/2008 5:39:27 PM
From: carranza2	Read Replies (1) of 217616

The Brazilian government plans to use revenues from newly discovered oil fields to create a sovereign wealth fund containing as much as $200bn-$300bn in the next three to five years, Guido Mantega, finance minister, has told the Financial Times. This is seriously putting the cart before the horse. I don't understand how the Brazilians can let the contracts to build the rigs not more than a few weeks ago, then start SWF funds with non-existent revenue. The VenezMexification of discovered but unproduced Brazilian oil continues.

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