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

To: TobagoJack who wrote (34405)	5/3/2008 6:45:50 AM
From: elmatador	Respond to of 217815

"in the old days, the innocent would have been punished along with the guilty, and the guilty would not have gotten away" I have clear in my memory de debt crisis of the 80's. and I know the true meaning of the word suffa!! Capital flew com gusto. During the years Latin American countries were borrowing abroad capital was flying out as heavily as it was being borrowed. According to a World Bank report: Mexico tops the league with $26.5 billion in 1979-1982, almost half the total capital inflow during the period. Venezuela is second with $22 billion in the same period, when only $16,1 billion officially entered the country. Argentina is third with $19.2 bil¬lion, while Brazil capital flight is estimate at a relatively modest $3.5 billion. “Much of the money being borrowed abroad was funnelled straight out again...In such cases, foreign borrowing was a recipe for disaster,” the report says. “With citizens of the fifteen largest debtor countries now holding at least $340 billion in ‘flight capi¬tal’ abroad, Treasury Secretary Nicholas F. Brady says winning some of this treasure back would be a ‘major opportunity’ to ease the third world debt crisis.” ... “Brady broached slapping a withholding tax on Latin’s accounts in U.S. banks. But the Federal Reserve Board blocked the plan, arguing it would cost American banks business. suggested that debtor nations be required to fill some of their foreign financing needs by reclaiming flight capital.” BusinessWeek International, Apr. 10, 1989. BusinessWeek International, Nov. 7, 1989. Expect no sympathy from us!!

To: TobagoJack who wrote (34405)	5/3/2008 7:46:16 AM
From: Haim R. Branisteanu	Respond to of 217815

TJ, you are very kind to WS thieves and swindlers, but they deserve it starting with JP MOrgan

To: TobagoJack who wrote (34405)	5/4/2008 4:41:10 AM
From: elmatador	Read Replies (2) \| Respond to of 217815

You are right in many instances: It is not too much money that makes people rich. It is the solidity of the money that make people real rich. That's why you say: buy gold and solidify your money. There was no need to scramble for solid money when he USD was the solid money. Today is a different story. Need gold, real estate in Dubai, oil and commodities to use as a proxy for solidity. Forget about the de-solidification of the USD and concentrate on the solidification of other currencies. Of course if I say that kyros will come back saying: this is the mouth piece to prop Brazil up. (As if Brazil needed propping up :-) When I say capital is spreading means other currencies becoming more solid. If I tell Elroy that my only need to invest is to get my money and send (a.k.a repatriation) it to Brazil and the BRL does the rest for me, he doesn't grasp. MQ is right (a rarity to find MQ right) when he said once: One need to treat money right. Else money goes away from you. Increasing the amount of a currency doesn't make more solid. It makes more pliable. China is afraid of solidify their money the same way Brazil needs to be careful with theirs. Those tiny little European countries (just don't tell Carranza Germany is a minnow) realized late 80's that their Finn Markka, Deutsche Mark and 1/2 dozen differently named Francs would vanish if they would not create an Euro which is much more solid that the individual currencies. The GCC way of getting solid money was to use the USD. Just pegging to it. Now they are handcuffed to the metal bar in the 3rd class of Titanic.