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


To: Maurice Winn who wrote (81196)10/11/2011 1:09:58 AM
From: TobagoJack  Read Replies (1) | Respond to of 217754
 
comrade mq, cb ilaine is failing to recognize that most of the mob just want, and want more, and nothing more than simply more

soon enough the folks who receive payments from the government confiscated from other folks shall be demonstrating as well or worse

the drama is phase-changing

mob is deflationary

must be offset by still more inflation / dilution that would tend to grow the size of future mobs

watch n brief

cheers, tj



To: Maurice Winn who wrote (81196)10/11/2011 8:47:21 AM
From: Ilaine1 Recommendation  Respond to of 217754
 
I don't really know what OWS wants. I think there is a general frustration, even outrage, among Obama supporters that the Tea Party took over the House of Representatives, Congress is now divided, and the Left can't carry out its agenda. Looks like Obama will only have one term and then back to the Republicans.

Obama promised change but couldn't achieve it.



To: Maurice Winn who wrote (81196)10/12/2011 6:52:07 PM
From: elmatador  Respond to of 217754
 
Brazil’s lessons for indebted Europe Some European nations' debt will have to be forgiven to resume growth. Those responsible for the financial turmoil must pay, rather than the poor. And Europe must unify its fiscal policy.

For those of us in developing countries who over the years became reluctant experts on the subject of financial crises, the latest wave of turmoil in the global financial system is, regrettably, not a surprise.

In large part, the prescriptions and recommendations that so-called experts make today about the persistent problems in the rich world are exactly the same ones that were made in previous decades about countries such as Brazil. The difference is that, now, since the crisis is at the center and not at the periphery of the system, the global risks and repercussions are much bigger.

In the past, national officials – central banks and finance ministers – sought to vigorously demonstrate that there was no reason to compare their own country’s plight with the tragedy occurring in another. Their fiscal situation wasn’t the same; their percentage of debt to GDP wasn’t all that big; the internal debt was in the hands of domestic holders and denominated in local currencies; and so on.

But there was always one critical factor: foreign-exchange accounts. If capital flows stopped permitting the rollover of debt, the phantom of default would rear its head and often devour everything, condemning countries afflicted by the contagion to years of fiscal austerity and low growth.


RELATED: Who are the BRICS?

During the 1990s and at the beginning of this century, seemingly every problem experienced by a poorer country (some of them not so poor anymore, since the term BRIC came into fashion) was met with the same prescription. The International Monetary Fund proposed drastic fiscal discipline, a reorganization of the state’s property via privatizations, greater openness to capital flows, new investments, and in the most severe cases, a restructuring of foreign debt, as happened with the Brady Plan [the 1989 reorganization of mostly Latin American debt].

csmonitor.com