. November 8, 2005 SouthAmerica: The Lula government must be doing a lot of things right. The Brazilian currency was trading at almost R$ 4.00 per US$ 1.00 when president Lula was elected president of Brazil in October 2002. Today, the US dollar continue its decline versus the Brazilian currency and the real traded at R$ 2.195 per US$ 1.00. This trend is great for Brazil â since Brazil is selling a lot of stuff in world markets and getting higher prices for its goods â and Brazil is able to pay its government cumulative outstanding debt that is outstanding on a declining currency â the US dollar. The Brazilian politicians will not let it happen, but in theory the Brazilian government could pay all its government outstanding debt in a very short time period. I am in shock - I am not used with the Brazilian currency getting consistently strong against the US dollar â but that shows a trend of the weakening position of the US currency against other emerging economic powers from around the world. (The current issue of âThe Economistâ magazine also has an article describing Brazil as the new agriculture superpower in world markets.) This is just another sign of US declining influence in Brazil and also the result of Brazilians finding new business partners around the world to replace its lost business related to the United States. Slowly the US is becoming completely irrelevant in many areas from a Brazilian perspective. ******* âA Folha de Sao Pauloâ major Brazilian newspaper. November 8, 2005 âDólar tem 7ª queda seguida e fecha abaixo de R$ 2,20â O dólar registrou hoje a sétima queda seguida e fechou abaixo dos R$ 2,20, o que não acontecia desde 19 de abril de 2001, influenciado pela notÃcia de que a agência internacional Standard & Poor's melhorou a perspectiva da nota de risco do Brasil. A divisa terminou a terça-feira em baixa de 0,40%, valendo R$ 2,195, depois de subir 0,49% pela manhã. A diretora de rating soberano da Standard & Poor's, Lisa Schineller, afirmou que "a perspectiva positiva [da nota de risco brasileira] reflete uma mistura de melhoria nos indicadores externos e perspectivas da consolidação continuada da dinâmica dos débitos, incluindo a composição da dÃvida emitida dentro do Brasil". A moeda acentuou a queda no perÃodo da tarde mesmo com a atuação do Banco Central no câmbio. No momento que a instituição anunciou o leilão de compra, o dólar caÃa 0,36%, a R$ 2,196 na venda. Na avaliação de profissionais do mercado, o BC não adquiriu um volume elevado de dólares, por isso a atuação não teve muita influência na cotação da moeda. Segundo analistas, a autoridade monetária pagou no máximo R$ 2,1965 por dólar e aceitou 13 propostas de 11 bancos. .
. jficquette: Yes US out , drug dealers, prostitutes, and assorted low lifes are IN. **** November 8, 2005 SouthAmerica: Why are you insulting the Chinese? They are replacing US influence in Brazil and also in South America. You should have more respect to your new master (The Chinese) since they are keeping the US economy afloat. Without Chinese money the US economy would sink like the âTitanic.â .
Brazilian Real is strong on the Soybean exports to China. The biggest export to the US from latin America is Cocaine. The high US demand for Cocaine is destroying Latin America. Quote from southamerica jficquette: Yes US out , drug dealers, prostitutes, and assorted low lifes are IN. **** November 8, 2005 SouthAmerica: Why are you insulting the Chinese? They are replacing US influence in Brazil and also in South America. You should have more respect to your new master (The Chinese) since they are keeping the US economy afloat. Without Chinese money the US economy would sink like the âTitanic.â
Perhaps the strength of the Brazilian economy will encourage SA and other socialist agitators to repatriate themselves by emigrating out of the U.S.
The brains are leaveing quietly. You don't have to tell them, they are smarter than you are. China Luring Scholars to Make Universities Great, by Howard French. "China wants to transform its top universities into the world's best within a decade, and it is spending billions of dollars to woo big-name scholars... and build first-class research laboratories. The effort is China's latest bid to raise its profile as a great power." "The model is simple: recruit top foreign-trained Chinese and Chinese-American specialists, set them up in well-equipped labs, surround them with the brightest students and give them tremendous leeway. In a minority of cases, they receive American-style pay; in others, they are lured by the cost of living, generous housing and the laboratories. How many have come is unclear." On the recent flight from Chicago to Beijing I sat next to a microbiologist from the University of Chicago (Ph.D., M.D.) who was considering moving back to China to teach. He said he would make about RMB 35,000 a month ($4,320) which I'm sure is a fraction of his current wages -- nevertheless he was very serious about making the move. In his case, China's gain will be America's loss.
The US did the same in decades past and the Brits complained about the brain drain. I think the Chinese are pretty xenophobic and will not attract anybody but fellow Chinese so maybe the US will get tired of training them to overtake us, but actually, it is the universities that do the training so they will probably never figure it out or care, they are the public sector and will always get paid no matter what.
southamerica, Why is it that almost every thread you start has a blatant anti-American slant? You said you live in New Jersey. If you don't like it in the states, then by all means get the fuck out and go back to your Brazilian shitbox.
If I was a betting man...I would not bet against old glory. Let everyone keep thinking the Chinese are about to take over the world. That's just what we are hoping for. Also, if money could buy education all the teachers you know would be rich. Think about it a minute. God Bless America.