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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 374.27-0.2%Nov 21 4:00 PM EST
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To: THE ANT who wrote (53837)8/22/2009 5:33:52 AM
From: elmatador  Read Replies (1) of 217978
 
What Brazil did wrong that let it land in the situation of 1980 be at mercy of the fleecers?
When the Arabs had gazillions of Petrodollars (result of the concocted Oil shocks of 73 and 79) they put in the Westerners banks which in their turn wenty on to recycle them lending them to countries like Brazil.

Once Brazil was owing their underwear in variable interest rates, Paul Volcker increased the interest rates to double digits and the rest is history.

Then Brazil paralised. One of the reason was that the vast majority of people did not know where their government officialdom had put them.

The second main reason was that anyone who had climbed the social ladder did not want to go down. Once that happens, only the ones who had the power todo so achieve the objective. That is why employees of the state and employees of the state-owned companies held on to their positions.

The rest paid tribute to them by inflation taxes, since the inflation was a tax on those who could not have hedge or correct for inflation.

Any opportunity was grabbed by the ones who could exe ise power and get the business for himself. I need to tell that because of one of the cusases Brazil suffered inefficiencies as its result. Next posting will take care of that.
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