Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: TobagoJack who wrote (51252)	6/13/2009 12:49:09 AM
From: elmatador	Respond to of 219782

Discovering through crisis what LATAM knows already since the 1920s! That the raise of the USD as world's reserve currency coincides exactly with the debacle of the developing world that has been growing before. Why do you think I was always calling bring the crisis on? Because this state of affairs had gone way to far. In fact much beyond August 1972 when Nixon pulled the carpet on the Gold Standard. Instead of just ending the American century there and return to the medium, the OECD progressed as if nothing had happened! That is what makes today the return to the medium more the painful. But finally we are back to where we were at the beginning of the century... Let me see: Brazil was sending developing aid to Sweden, Argentina being richer than Canada and Switzerland early this century, so lets move on...

To: TobagoJack who wrote (51252)	6/13/2009 1:06:46 AM
From: elmatador	Read Replies (1) \| Respond to of 219782

Japan started it all, when it threw a spanner on the works. China took it over where Japan stopped after it went out of its demographic window and are returning to their natural size. Judging by what the Japanese have done with the tiny resources at their disposal, the Chinese have, potentially, a much bigger scale. Remember always the scale. I was watching it 25 years ago, so if one learned the lessons of history, what we see today holds no surprise: With no alternative Japan went global. OECD countries love to give a coat of paint of respectability to their actions taken on pure economic grounds. Japan goes global for lack of any other alternative.There are no secondary considerations. They push forward in their global way without the fallacious argumentation of helping the poor countries. The Japanese are not putting money in Low Developing Countries (LDCs) blindly. They bluntly express their opinion about the countries they hold negotiations. Americans helped Latin America’s LDCs out of fear of new Cubas South of the border. Most of it military assistance disguised as aid. Then the Americans would like to see Japan investing more in defense. Interesting that today they want China to revalue RMB, then they anted Japan to spend more money in defense. Instead in April 1988, Japan cut tariffs on $3.3 billion of tropical products it imports from poor countries. Japan starts admitting “trainees” to fulfil some open positions. Japanese employers want that Japanese aid to South East Asia be used in Japan to give those trainees some knowledge of Japanese and some basic skills. The countries of origin of those “trainees” promised to accept them back once the “training” is over. Although the Americans would like to see Japan investing more in defense. The least the Japanese want is to scare their neighbors, which they invaded in the Second World War, and Japan just hope the ones that had experienced WWII die out. What would mean for Japan to invest in defense? Having a fleet of gun boats patrolling their sea lanes the Japanese would need to go around paying for naval and air bases. They would need to support unpopular but friendly —to Japan— governments. They would need to invest heavily in technology to create a military industrial complex. Since they don’t have one, they would need to turn to America to get access to military technology. They haven’t had a good experience on that when tried to develop the fighter FSX. The Americans did all the above for quite a long time. The Japanese might well think the results were not that good. This defense money can be invested in LDCs to help then keep churning products for export. The Japanese straightforwardly pour money in LDCs because it is the only alternative to keep Japan’s economy afloat. It put $2.3 billion of soft loans and $100 million in grants to support Indonesia during a cash squeeze. That in year Indonesia run a $6.4 billion trade surplus with it. Oil, liquefied gas and alu¬minum supplied by Indonesia is the reason why Japan helped keep Indonesia’s economy afloat. Japanese pour money in Asia’s LDCs in order to use the inputs for their economy. and so ti went.

To: TobagoJack who wrote (51252)	6/13/2009 1:46:14 AM
From: Maurice Winn	3 Recommendations Read Replies (4) \| Respond to of 219782

It's odd that a professor of economics who won a Nobel Prize in economics [I guess] can write such a load of drivel. <Joseph E. Stiglitz, a Nobel Prize–winning economist, is a professor at Columbia University. > I was going to respond on a couple of points, but as I kept reading, it's just a litany of rubbish. Just one, for example, he said Britain had nothing to sell except opium so tried to force Chinese to buy opium. It's not possible to force people to ingest opium or even buy it. In fact, Great Britain had a huge industrial revolution underway and the vast array of products from that revolution was available for sale = steam engines, steel mills, machine tools and everything else. With such hopeless thinking from a supposed expert, we can reasonably assume that the man in the street is even more clueless and will come up with even dopier ideas. The man in the street elected Obama and now they are getting what they voted for, good and hard. Ron Paul got negligible support. Maybe I had better locate some bars of gold and get a few quotes. Perhaps a big pile of coins would be better - more easily transacted. Mqurice