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To: Joe S Pack who wrote (22682)	8/16/2002 1:56:28 AM
From: elmatador	Read Replies (1) \| Respond to of 74559

A loan is provided and it is repaid. But there was this guy here saying that the tax payer J6P was making a handout to Brazil. Luckily -for him- he got the hell out of here. Let me give you an example: Mexico 1995. Mexico repaid AHEAD of schedule. cnn.com Data about Brazils position with the IMF is in www.imf.org The IQ of the US as a whole doesn't augur well for the country. The model of having 00.1% of a population educated deeply on a narrow subject, and then spread a very thin layer of education on the remaining masses, enough for the guy to be a porter in the hotel and a cshier in the bank, is dead an it will no longer work.

To: Joe S Pack who wrote (22682)	8/17/2002 1:12:31 AM
From: elmatador	Read Replies (3) \| Respond to of 74559

What the money from J6P achieves. These effects include: imposing austerity measures that force poor countries to slash spending on education, health and social programs; encouraging privatization, which transfers public assets to wealthy elites and foreign investors and creates unemployment; stifling local industries by making it hard for local people to get loans; destroying the savings of poor people by causing devaluation of national currencies; and forcing governments to remove trade barriers and dismantle their regulatory mechanisms, which results in: lower wages for local workers, bankruptcy of local corporations, and layoffs weakening of environmental standards for the sake of economic productivity, and subsequent pollution and destruction of the environment, appalling working conditions and human rights abuses, and suppression of union organizing. Is this something you should proud of?

To: Joe S Pack who wrote (22682)	8/17/2002 1:26:13 AM
From: elmatador	Respond to of 74559

The USD30 billions gift from the honourable and generous people of the US has no private banks involved. Only the World Bank is funded by governments and by private banks. <I heard that this time Private banks did not agree to US Government and treasury, and in fact their exposed risk is reduced due to US Government's doll out. I am not sure how far this is true.> Given the above, what you've heard is not true. Please stop hearing start reading and studying. 2) What is the interest rate that Brazil is paying on this loan? Is it an emergency situation and hence no interest type arrangement? See my previous posting: Message 17888522 <3) Regarding US is already is a biggest debtor nation and hence J6P cannot possibly loan is irrelevant.> Good for you that you can sleep with this belief!> <Still US has the ability to borrow 10s of billion every month from all over the world to pay for its borrow-and-gamble life and to doll out to unfortunate and incompetent nations> Thus vacuum cleaning liquidity from world's markets and creating crisis. <(I am not implying that US is competent in managing its pocket book.> We know that already. <In fact it is the worst in that regard thanks to Free trade, WOT, WAT, WAD, WAP, WAI etc.). Ultimately, all those borrowed money has to be paid by the J6P with interest and hence J6P is loser.> Oh, you've changed your mind! Wasn't it irrelevant a few minutes a ago when you worte the above paragraph? If the day comes J6P is going to pay the bill, I want to be alive to see it, seat down and laugh.