You keep bringing up this etf, but I don't give a shit about what the βhot moneyβ is doing as long they stay away from Brazil.
I care about the long-term health of the Brazilian economy and that Brazil has a sound economic and financial system and not that garbage that goes on all the time on Wall Street.
Zinga is not investing, it is pure bullshit for people who don't have anything else better to do β and if you are stupid enough to invested your money on that company then you deserve to lose your shirt.
We know that there are enough fools out there, and that is the market that Zinga is trying to reach.
Now going back to your etf:
As of December 16, 2011
Brazilian Real (BRL) R$ 1.843 = US$ 1
Note: for more than a year I have been calling for the devaluation of the Brazilian Real vs. the US dollar to a level around: Brazilian Real (BRL) R$ 2 = US$ 1
To protect the Brazilian economy β the manufacturing base and the tourism area.
SouthAmerica: Zynga - another IPO and this is best Wall Street can come up with these days.
At least Zynga is a good example of the kind of company that Wall Street can relate to: the world of make believe, the world of illusion.
If you are a sucker then Zynga is the type of IPO made special for you.
Here is another Wall Street scheme set up to screw investors.
Keiser Report: How bankers stole Labor Day May 1, 2012
In this episode, Max Keiser and co-host, Stacy Herbert discuss the bull market in discontent, MF Global clients begging JP Morgan for their money back, Zynga insiders dumping shares in an 'innovative' manner and Max does a mean impersonation of Jamie 'Pick a pocket or two' Dimon.
In the second half of the show Max talks to activist Andy Stepanian about animal rights activism, Occupy Wall Street and the dangers of success against corporations.
