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

To: elmatador who wrote (30865)	3/13/2008 2:34:55 PM
From: Elroy Jetson	Read Replies (2) \| Respond to of 217518

Yes, Brazil does have a very long way to go in order to implement a normal rule of law. Welcome to Brazil, a Paradise of Impunity for All Kinds of Criminals . Message 24388997 But I'm not clear about how you believe this relates to Brazil's current crisis in the Mundell-Fleming currency exchange rate trap. The Brazilian government has finally had to remove their misguided controls on capital flows, which has artificially propped up the Brazilian currency. Brazil will also have to give up their sovereignty over domestic interest rates, bring them rapidly lower, if removing currency controls doesn't lower the value of the Brazilian currency quickly enough. Are you saying the Mundell-Fleming trap Brazil finds itself in is a natural outgrowth of the lawless environment in Brazil? Or do you think the lawless nature of Brazilian society is the root cause of Brazil's long-term misery, with the Mundell-Fleming trap just being the last straw on the camel's back? Unlike so many other laws Brazilians ignore with their grandiose "Você sabe com quem está falando?", the Mundell-Fleming law can't be ignored or escaped from, being a natural law much like the "law of gravity". .