. November 10, 2005 SouthAmerica: Since January 1, 2005 the US dollar has declined by 21 percent against the Real - the Brazilian currency. At this rate - very soon - even the monopoly game fake money it will be worth more than the US dollar. **** âBrazil's real firm as central bank seeks dollarsâ Thu Nov 10, 2005 12:29 PM ET Reuters SAO PAULO, Brazil, Nov 10 (Reuters) - Brazil's currency firmed on Thursday even as the central bank offered to buy dollars on the local foreign exchange market for the 25th time in just over a month as it seeks to build up reserves. The real, which has rallied more than 21 percent since the start of the year, was trading 0.32 percent stronger than Wednesday's close at 2.171 per dollar when the bank made the offer. The central bank auctions are designed to bolster Brazil's hard currency reserves and, indirectly, weaken the real, whose surge against the dollar is irking exporters. .
For one thing ...Lula is for real...He is not a country club trust fund boy... He started out shining shoes as a boy...and respects all individuals...rich and poor... As Americans saw...and heard comments by Bush´s mother...Bush is an äbove the law¨elitist...
. February 17, 2006 SouthAmerica: In the last 3 years the Brazilian currency has appreciated considerably against the US dollar â the Brazilian Real probably before you know will reach the 1.90 level â that would be about half of the value of 3 years ago. On February 17, 2006 the Brazilian Real rose 2.4 per cent to a near-five-year high of R$2.1123 to the dollar as Brazil enacted a law exempting foreign investors from capital gains tax on government bonds. Right before the presidential election when President Lula was elected President of Brazil in October of 2002 - On Friday, September 27, 2002 the exchange rate between the Brazilian currency and the US dollar was as follows: Brazilian Real 3.835 to US $ 1.00 Compared with todayâs exchange rate of: Brazilian Real 2.1123 to US $ 1.00 .
January 28, 2011 SouthAmerica: This is what I posted on this thread 5 years ago, and most of it still is true today. ***** 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 http://www.elitetrader.com/vb/showt...highlight=ships coming from asia&pagenumber=1 ***** November 9, 2005 SouthAmerica:...On a daily basis, there is a lane of ships all across the ocean coming from China to the US â that is what airline pilots report that they can see from the air when they fly from the US to Asia. These ships come loaded with all kinds of stuff to sell in the US market â but on their return trip to China, 90 percent of these ships are empty â and the ones that have cargo from the US is loaded with scrap metal for recycling. ...Basically, today the United States is becoming irrelevant from the Brazilian perspective. I know for a fact that Americans are losing their grasp on what is going in many areas around the world, but the US is especially losing very fast its influence in South America. For a number of years now, in foreign policy the US has been looking like amateurs. ...Todayâs China is an awesome âCapitalistâ machine. And the Chinese is beating the United States in a big way on its own capitalist games. The capitalism that is growing at leaps and bounds in China today â is a type and scale of capitalism never seen before in world history. ...As we move into this new century the ball game is changing from what we had in the last 100 years. We will not have a lone, or two superpowers. We will have instead at least 3 or 4 large economic trading blocks of countries trading among themselves. http://www.elitetrader.com/vb/showt...4&highlight=ships+coming+from+Asia#post892504 .