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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.78+0.2%Nov 3 4:00 PM EST
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To: elmatador who wrote (100804)5/27/2013 3:05:48 PM
From: Maurice Winn4 Recommendations  Read Replies (1) of 217532
 
Haha, that's a laugh ElM. Greece is also being foregiven debt, as was Iraq, as was Iceland, as will be the USA. Countries such as those in Africa are sovereign. If they say "You are foregiving the debt" then you are. The alternative is to attack them in some way to confiscate their assets. That's not an option in most cases these days. Good luck attacking African countries from Brazil.

It's funny that you want to claim Good Guy status on the strength of it ElM. <Good guy Brazil cancels almost $900M of African debt

When I say we know how to treat the negro nobody believes me.

It takes a big man to forgive debt, so if you're a country and you've just forgiven almost $900 million, then surely you are some kind of giant, at least for the purposes of this metaphor. >

Anyway, you got some of that loot. Brazil loaned pixelated money to Angola. Huawei got the money for installing fibre. They paid you. You pay taxes in Brazil one way or another. So Brazil can print money out of thin air which comes back to them anyway. Lending Brazilian money to an African money is like lending old newspapers. People use it for trading and since Brazil lends the old newspapers, which have no intrinsic value, and receives them back, it's not something that is "generous".

Mqurice
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