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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: koan who wrote (81902)7/23/2008 7:21:14 AM
From: elmatador  Read Replies (1) of 116555
 
There are two oligarchies in the US: Financial and Industrial. Both have worked one against the other to control and profits.

In all countries is like that: competing oligarchies compete for profits.

In our case here, in Brazil, the oligarchies are industry and rural agribusiness-based oligarchy. They've been competing for about a century.

When the US was at Brazil's stage, the nascent industrial oligarchy fought and wiped out the rural based agricultural oligarchy in the Civil War.

The financial oligarchy raised and has been competing (and winning) against the industrial oligarchy. Thus no chance for F GM to survive, now that financial oligarchy has taken the reins, climbed the saddle and is riding the US. Message 24783199
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