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


To: Robin Plunder who wrote (37876)8/3/2008 10:24:21 AM
From: elmatador  Read Replies (1) | Respond to of 217850
 
Wisely, not in absolute terms. In relative terms vis a vis the competition, i.e., the rest of the world.

You oversimplifying again as putting all cats inside the same bag. There are two things I keep in mind not to reach the wrong conclusions:

1) I look to any situation as individual and unique.

2) I analyse its peculiarities to discover what it the main driver.

Because there are 200 countries in the world is impossible to apply that to all of them. I use only a sample of the countries that matter and disregard the minnows.

Let us stay with fiat money which I understand because I -although out of Brazil during the Lost Decade with its hyperinflation felt the effects.

Why no one was telling Fiat money is bad before, say 1989?

I tell you why. Because everyone was happy with the G-7 cuirrency cartel. I was against it, 25 yars ago. But the general opinion was: "Fiat currencies? oh this is a problem of the shirtless."

Today when the colored papers are all loking alike, people had a chnage of heart and everyone is talking about fiat being bad.

Brazil., because it has the memory of waht fiat printing can do it is in pole position to manage it better than the coutries which have had been part of the cartel of currencies, a.k.a as G-7



To: Robin Plunder who wrote (37876)8/3/2008 12:49:28 PM
From: carranza2  Read Replies (1) | Respond to of 217850
 
Bingo, great synthesis.


it is safe to say that fiat money is poison, will cause you to drown in debt, lie about measures of economic activity, destroy a savings mentality and promote a consumption mentality, foster large and corrupt government