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GLD 414.48+0.7%Jan 9 4:00 PM EST

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To: Haim R. Branisteanu who wrote (47574)3/17/2009 10:37:02 AM
From: elmatador  Read Replies (1) of 219198
 
Countries where the state is not yet priced in will suffer! Countries where the state is already priced in will do well.

The state is a costly piece of machinery. It should finance its costs via taxes levied on people and businesses.

But the state is not visible and if it was the common Ze Mane (or Joe SixPack in OECD parlance) cold not grasp what it is.

For the last 6 deacdes the state could be financed and its costs were not a burden to its citizens. Burden understood as: "I can't eat because I need to support the state machinery"

"Even though I pay Gargantuan taxes the streets has potholes, the bandidos walk free and the school is not preparing the kids"

In countries like Brazil is like this. We have already faced the full burden of the state, have it priced in and have a modus eoconomicus to deal with it.

The Brazilian mistrust big organizations and we mistrust people in power and the state too!

Poepe in the OECD will need a couple of decades to learn what we already know.

Competitiveness of nations is being revalued based on that statement above.
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