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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (6367)	5/14/2006 7:33:41 PM
From: THE ANT	Read Replies (4) \| Respond to of 217820

Jay.In regards to the Real missing the reset my guess is that it largely has so far.With the real having gone from about 4R/$ to about 2R/$ I suspect that a Brasilian who bought gold three years ago would be seeing little gain and might be worse off than one who bought real estate. Wasnt it De Gaulle? who after the $ came of the gold standard said something like "what kind of game is this where the winner has to give back the marbles to the loser?"In a global reset wouldnt losers=winners.We would have the same productive base and assets pre and post reset.In the above case of France,France lost but the US won for a net zero. In regards to Brasil,I learned that when you have a gun against your head and your back against the wall you begin to make the right economic moves.When all classes of society have something to lose the status quo changes.In the 1970's you could want to make the right changes in a developing economy and yet follow the wrong developmental model.Economics like every other field has progressed.Now you dont go forward only if there are vested interests against this or ,for the short term ,idiots in power(Chavez,Morales,US Political System) A child of a US foreign sevice officer I grew up in Brasil.In 1972 Brsilians earned what Americans did and housing was more expensive(We could not rent any house in all of Brasilia for less than $1,100 a month and the US government would only go to $950 and you could not top off the difference with your own money).A builder felt sorry for us and dropped his price to $950 a month.The US $ is falling both because it was never worth what it went to and economic policies have led us to invest in putting up brick and block on empty lots to consume natural resources and produce nothing.In 1999 I was buying an apt in Belo Horizonte that would return 10% a year and the Brasilian banker was on the phone to the US buying the tech stocks at 800X earnings.He told me you can not lose in the US $ or US stocks.I believe this was the same mindset which led to the Asian financial crises.Asian currencies were properly priced but the US bubble took them down Just some thoughts.Thanks again