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To: Chuzzlewit who wrote (2625)	1/15/1999 10:31:00 AM
From: Tunica Albuginea	Read Replies (1) \| Respond to of 41369

Chuzz,Re: " Brazil tanks ?=US tanks? " You said, the problem with that scenario is that underdeveloped countries export their natural resources (oil, timber, etc), and the cash generated from those activities fuel their imports. Brazil buys over 20% of US exports. True. My point though is that over the last 40 years the US has always meddled in foreign countries economies either directly through USAid or indirectly through Banc loans. The result has been mixed. On the one hand a lot of these countries have moved up in the economic circle,built factories etc. On the other hand this aid has always been given under the old , now discarded Keynesian principles, that the way you build an economy is for the Government to spend ( moneys collected through high taxes ). The evidence now shows that that has resulted in RECURRENT boom-->inflation-->bust cycles, and impoverishment of the very people we were trying to help. It is best for us NOT to support that. I think that Brazil will find their way out. All they have to do is CUT SPENDING, CUT THEIR BUDGET DEFICIT. This IS NOT ROCKET SCIENCE. Any US family ( or Brazilian family does that every day!! Then you'll have less taxation and you'll have more money left to buy US products. What has ditched Brazil and Eastern Europe is the Entitlement programs were moneys are redistributed from productive individuals to non productive individuals to the point of killing the goose that laid the golden eggs. looks like Brazil is learning and floated the Real. It is now trying to learn how to fly again; go Brazil, TA