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

To: Golconda who wrote (60335)	1/23/2010 12:08:33 PM
From: elmatador	Respond to of 217561

Arabs recycled their petrodollars through American banks. Brazil was growing like China today. Grew 14.3% in 1973. As it got used to quadrupled oil prices, came the second punch. Iran Khomeini and the second oil shock. It started borrowing heavily to pay for the oil. The construction of basic industry were not yet ready. So no exproter earners tro pay for the oil import. Once Brazil was owing their underwear Volcker gave the coup of grace: sent interest rates to the stratosphere. Mexico collapsed 1982 and the rest of LATAM collapsed together. Brazil exported capital to pay for its debt undert the stratospheric interest rates. The conomy went back to where it was in the 50s Brazil printed com gusto to pay its bills, and as the Lost Decade went on it eroded 30 years of economic progress. It reached a point when the US started suffering with the capital Brazil was exporting. For every Billion USD out, 70.000 Americans jobs were axed. That fact is what prompted Brady to start solving the debt crisis.

To: Golconda who wrote (60335)	1/23/2010 12:10:42 PM
From: elmatador	Respond to of 217561

Remember the Yuppies? The yellow ties? Well that was paid with capital exported from Brazil. I have my other laptop at my office. I will post the figures here after I get it tomorrow. When I mention fleecing I know what I am talking about.