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


To: TobagoJack who wrote (61472)2/24/2010 11:12:29 AM
From: elmatador  Respond to of 217716
 
I've touched minerals! Bought stone for Ping in Brazil. Saw emeralds. Thought, I will get a couple of those on the way back.
Then they told me the price:
A simple chewing gum box will take easily USD300K.
I almost fainted!!

I did not know that minerals were so valuable and so easy to carry.

I took USD15K to Brazil. Huge pack of notes. That volume would carry a couple of millions in minerals stuff.

For the first time I am thinking in getting minerals and keep under matresse.



To: TobagoJack who wrote (61472)2/24/2010 12:50:24 PM
From: elmatador  Respond to of 217716
 
Why capital is flying: populaces raise, government will appease buying social peace with confiscated money.

"It's a war against workers and we will answer with war, with constant struggles until this policy is overturned," said Christos Katsiotis, a representative of a communist-party affiliated labor union.

Note Argentina 2008: "...privately run retirement accounts will come in handy for the Argentine government as it struggles to "find new sources of funding for the government since the global financial crisis complicated efforts to renegotiate $20 billion in defaulted bonds and pay off abut $6.7 billion owed to the Paris Club group of creditors," reported Bloomberg News."

See also Argentina's Revolt
by Tom Lewis
International Socialist Review, January / February 2002


Workers in Argentina overthrew the government of President Fernando de la Rua in a mass revolt December 19-20. The protests, as well as sharp conflicts within the Argentine ruling class, initially hampered the opposition's effort to create a new government. Despite the confusion, one certainty jumped to the fore: A week of popular upheavals, marked by the government's violent but unsuccessful attempts at repression, had ended the austerity regime of economy minister Domingo Cavallo and challenged the International Monetary Fund's stranglehold over Argentine society.

Argentina: Congress grants Cavallo emergency powers
Wall Street's man in charge
By Bill Vann
28 March 2001
After nearly three years of recession and facing a desperate foreign debt crisis, Argentina's Congress has voted to grant emergency powers to Domingo Cavallo, the newly installed economy minister and author of previous economic plans that plunged the country into a downward spiral of poverty, unemployment and homelessness.



To: TobagoJack who wrote (61472)2/24/2010 1:01:45 PM
From: carranza2  Read Replies (2) | Respond to of 217716
 
I'm partially with Nevsky and Martin Taylor on Greece: it is a bucket of warm spit at the end of the day. Not big enough of an economy to matter much.

But I part ways with him when I consider the lessons to be learned from the sorry episodes we have undergone: big things start small, they are 'contained,' inconsequential until they are not.