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

To: TobagoJack who wrote (51001)	6/6/2009 8:41:19 PM
From: Box-By-The-Riviera™	Read Replies (1) \| Respond to of 217820

that's a keeper.

To: TobagoJack who wrote (51001)	6/7/2009 12:57:25 AM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 217820

We know that already - but gold is not the BEST answer

To: TobagoJack who wrote (51001)	6/7/2009 2:15:41 AM
From: elmatador	Respond to of 217820

agenda: overhauling the international financial system, enlarging the United Nations Security Council and dumping the dollar as the world's reserve currency. The powwow is being billed as a test of whether the BRICs can shift the global power equation. But perhaps the biggest test will be for Brazil. Power is being redefined Why Brazil Is The Odd BRIC Brazil, Russia, India and China have been slow to embrace the BRIC acronym, coined in 2001 to describe the four giant emerging markets. But now they're trying to convert their shared bulk into clout—and none more so than Brazil. On June 16, at Brazil's urging, BRIC leaders will meet in Russia to discuss an ambitious agenda: overhauling the international financial system, enlarging the United Nations Security Council and dumping the dollar as the world's reserve currency. The powwow is being billed as a test of whether the BRICs can shift the global power equation. But perhaps the biggest test will be for Brazil. Brazil has always been the outlier of the four. It's the slowest-growing, expanding at half the rate that China and India have over the last decade, and at two thirds the pace Russia has. It alone has no nuclear weapons. It's more enthusiastic about free trade than Russia and China are, and it sided with the U.S. against India in favor of opening agricultural markets. "China, India and Russia already count as global players," says a senior Brazilian diplomat. "We do not." Even as Brazil pushes for a united BRIC front, it is touting its advantages over its outsized peers. Minister of Strategic Affairs Roberto Mangabeira Unger recently pressed Brazil's coded claims to lead the BRICs by calling it a "flawed but vibrant democracy" with "real national unity" (unlike India), "no enemies" (unlike Russia) and enjoying "nearly universal sympathy" (unlike China). When the four meet, the real issue may not be whether the West is listening, but whether they can see eye to eye.

To: TobagoJack who wrote (51001)	6/7/2009 2:14:09 PM
From: RJA_	Read Replies (1) \| Respond to of 217820

Could be describing the present day: A Quebec historian, Gérard Filteau, wrote (my translation): What is remarkable about the Canadian financial system [of the late 1700's] is that it inaugurates a new kind of money destined to have a great future: the cards are the first banknotes in circulation. Another remarkable fact is that the country has no asset, no monetary reserve to guarantee the value of its paper money. This money is nothing but a representative sign, which gets its value from the honesty of the government and the goodwill of the royal treasury. Such a guarantee, based solely on morality, is insufficient in that it ties the value of money to the good behaviour of a few bureaucrats, and imposes on it fluctuations that depend on the integrity of some men and the vicissitudes of politics.