The economic split up between Brazil and the United States

Discussion in 'Economics' started by SouthAmerica, Mar 4, 2010.

  1. jem

    jem

    Did Japan just tell goldman to shove it on oil trades?

    I did not read about any change in counter party risk?

    Why-- because in the end international law and diplomacy is all about the power theory.

    they probably know Goldman makes a lot of money off of them on other deals and they also know that the Fed is not going to let itself lose is biggest buyer. At least not yet.
     
    #31     Mar 5, 2010
  2. jem

    jem


    Let me see Argentina lent in dollars to their citizens and then the citizens could not pay the banks back because the peso devalued because of run away spending.

    That seems to be the current banana republic economic policy being followed by the Dems.

    Back then republicans were in control and even Clinton was trying to eliminate deficit spending.

    However I do agree with you - on one thing our official have become so corrupted they are letting wall street destroy us.
     
    #32     Mar 5, 2010
  3. .

    March 6, 2010

    SouthAmerica: Reply to Jem

    I just noticed that I misspelled the world that today best describes the masters of Wall Street.

    Incorrect description: scam bags

    The correct description is: Scum bags.


    *****


    Jem: However I do agree with you - on one thing our official have become so corrupted they are letting Wall Street destroy us.


    *****


    SouthAmerica: Today we are in the same path that culminated with the financial and economic meltdown of 2008.

    But with one difference this time the new collapse will be much bigger and the safety net won’t be there to prevent a total implosion.

    For you to grasp what is in the pipeline for the American economy you will need to visualize what I am talking about and here I give one example:

    Do you remember 9/11 when both jetliners hit the World Trade Center Towers in Manhattan?

    Did you see what happened to both World Trade Center Towers after a few minutes had passed?

    Can you visualize the moment when the first World Trade Center Tower imploded and a few minutes later the second World Trade Center Tower also imploded into little pieces?

    On this example the World Trade Center Towers represent the U.S. economy, and the implosion and massive meltdown of the towers is what is around the corner for the US dollar and the US economy.

    Today the US economy is as too big to fail, as the economy of the Soviet Union was too big to fail in the late 1980’s.

    The coming massive financial and economic implosion and meltdown will happen even faster than before – it will happen at the speed of light.

    .
     
    #33     Mar 6, 2010
  4. This SA guy is a

    FREAK
     
    #34     Mar 6, 2010
  5. jem

    jem

    I do not think he is a freak at all. He obviously loves Brazil.
    He has a problem with the direction the U.S has gone the last few decades.

    Who could argue with that?

    The tension arises in that he also dislikes a strong powerful U.S.

    Most internationalists seem to revel in the decline of the U.S. At times it seems S.A does too. But then he also says he prefers the old U.S.A.

    So, S.A. is a bit of enigma.

    It would be interesting to know what really makes him tick.

    Perhaps he would like to see Brazil be the leading superpower and U.S. be its best buddy with the planes and warships to back Brazil's leadership up.

    Perhaps S.A. would like to be President of the Americas.

    Which would be fine as long as I was in charge of his armies.
     
    #35     Mar 6, 2010
  6. You talking to much crap. You anti-americanism dont let you think clear.

    Where to begin. The US national debt is now more than $10 Trillion. Just over $5 Trillion is in the form of T Bills.

    Foreign, and I emphasize FOREIGN, investors like the Chinese Government make up $2 Trillion of the total $5 Trillion in T Bills issued. The remaining investors are American. The rest of America's National Debt is owed to the US Social Security Trust Fund.

    On the other hand private American citizens and institutions invest more money in foreign (not American) interests than the rest of the world put together.

    Should China decide to not invest in US Treasury Bills they would be literally committing suicide. China cannot survive without the US consumer. If we have to completely support the monetary demands of our Government then most of the capital that travels the world to finance emerging economies will disappear and the American corporations that have shifted their operations to china for slave labor will see their exports from China dry up.

    You are witnessing a small taste of what could happen as Americans start saving. In case you are unaware the savings rate has gone from a fraction of a point to more than 5% in the space of a few months. When an American corporation uses slave labor in China to manufacture its goods they pay a small percentage of the final sale price to manufacture in and ship the goods from China.

    The US taxpayer gets shafted when our politicians give corporations tax incentives to shift production overseas and when they allow corporations to offshore their profits in shell companies in countries such as Cayman, Bermuda etc.

    This behavior is about to change. The extent will become obvious in time, but there will be a very obvious shift.

    To finish I would like to make it clear that US citizens can finance our own government if necessary. This will definitely disrupt the current practices of the financial markets, but I do not consider that a bad thing. Be careful what you all wish for, you are about to get what you least expect.

    For the last 200 years, shorting the USA has been a very losing proposition. The USA financial situation was 10 times worse in the 30's and 40's. Lot of socialist like you went short the US back then, guess what happen after..

    On Brazil. Brazil had a boom in the 70's thanks to the price of commodities back then, when Volcker/Reagan solve the inflation problem in the 80s' Brazil took the same path of the oil prices, they went south!.

    That will happen again sooner than you think. The level of anafalbetism in brazil is just outstanding, people overthere have a very Health/higiene problem in that country (have you ever been with a brazilian girl?? they stink like shit), poverty and crime is one of the greaters in the world. less than 50 families controll that country GDP.. Come on, give a break with your crap about the Bric shit.
     
    #36     Mar 6, 2010
  7. His love of Brazil and his hatred of the USA is what makes him tick.

    He is Anti-American to the core. Don't let him fool you on this one.
     
    #37     Mar 7, 2010
  8. .

    Rubibond007: The level of anafalbetism in brazil is just outstanding, people overthere have a very Health/higiene problem in that country (have you ever been with a brazilian girl?? they stink like shit)



    *****


    March 7, 2010

    SouthAmerica: Your statement is a reflection on you, the places that you visited, and the people that you were hanging out with in Brazil. Based on your posting it is obviously to me that you stayed in some ghetto in Brazil and that is where you formed your ideas about Brazil…

    .
     
    #38     Mar 7, 2010
  9. .

    Jem: He has a problem with the direction the U.S has gone the last few decades.


    *****

    March 7, 2010

    SouthAmerica: The destruction of the United States started in a big way during the Reagan administration and from there the country went down hill ever since.

    I understand that the United States has reached the end of the line. The United States has become a country impossible for anyone to govern under a system of democracy – or what is left of the old system.

    Alvin Toffler gave a very good explanation on his book “Revolutionary Wealth” published in 2006, on how the United States system is completely out of sync: the government, the courts and laws, its economic system and regulations, and so on…He did not understand how the system still managing to work at all.

    The US economic system is moving fast on the direction of total collapse, and we all know by now that the system in Washington is completely broken and frozen, and various self-interest groups want to keep it that way.

    On my next article I am elaborating further on that subject, since we all know that based on the history of the last 35 years the United States is incapable to fix the major problems that needs fixing. This ship is heading right towards the iceberg, and all you can do is start praying if you are a religious person.

    And it seems to me that there are some heavy hitters such as Charles Munger who is in agreement with me.

    Warren Buffett's partner, Berkshire Hathaway Vice Chairman Charles Munger (he is worth around $2 billion dollars today) - he just wrote an article published on Slate magazine:

    “Basically, It’s Over”
    By Charles Munger
    Sunday, Feb. 21, 2010
    http://www.slate.com/id/2245328/


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    Jem: The tension arises in that he also dislikes a strong powerful U.S.


    *******


    SouthAmerica: That is because we have a difference in opinion of what means a strong powerful US.

    On my book a strong powerful US means:

    1) Take care of the American people including many members of my family:

    (A) – by providing national health care for everybody in the United States (like in Britain, Italy, Sweden, Canada and other 1st world countries)

    By build thousands of new nursing homes to accommodate the massive amount of American senior citizens who will need that type of service in the coming years.

    (B) – by developing an economy that offers a good paying job to anyone who is willing to work, not only now but also for future generations.

    (C) – by concentrating in upgrading the infrastructure of the United States and try to keep it as state-of-the art as possible with the passing years.

    (D) – by developing a transportation system for the 21st century, and get complete independence from imported oil.

    (E) – by improving the educational system in the United States and create a new system more in tune with the 21st century – including continuous education upgrades for people of all ages.

    (F) – by having a country in a much better financial position – and start acting again as a country that belongs to the elite countries of the world instead of a banana republic.

    I could go on and on with my list….


    *****


    Many misguided people in the US think that to be a strong powerful US means:

    (A) – Piss away trillions of US dollars of borrowed money on the military and start wars around the world to give the illusion of power – Vietnam War, Gulf War, Iraq War, and the kiss of death – the Afghanistan War.

    Resulting in a massive pile of debt sky high which is passed to future generations to pay it. The massive opportunity loss inside the US economy if all that money had been invested in more productive endeavors that would also benefit future generations.

    The social destruction that war inject into the fabric of American families and society in general for example since the Vietnam War ended in 1974 over 150,000 Vietnam War veterans committed suicide and never mind the veterans who came back from war with major mental problems that eventually helped destroy their own families.

    (B) – The US government should borrow as much as it can get away with from other countries and waste the money as the US government has been doing since the Reagan administration.

    (C) – Americans have the right to live away above its financial means, and every American has the right to borrow as much money as they can get away with.

    (D) – The United States has the right to put its nose on everybody else’s business around the world instead of minding its own business and trying to fix the massive amount of problems that we have at home.

    (E) – The United States has the right to support the state of Israel unconditionally even when most of the time supporting the state of Israel means to go against the short and long-term self-interest of the United States.

    (F) – To preach around the world how its economic system is superior to everybody else and criticize the countries that don’t want to play the same high risk casino games.


    *****


    Jem: Most internationalists seem to revel in the decline of the U.S. At times it seems S.A does too. But then he also says he prefers the old U.S.A.


    *****


    SouthAmerica: I have been watching first hand the fast economic decline of the United States, I remember in the mid-1980’s when the Petrobras office in New York had over 130 people. But for many years now the Petrobras office in Manhattan has been operating with 3 or 4 people. And today Petrobras is a much bigger and important company than in the 1980’s.

    The same thing happened to the Brazilian banks located in Manhattan and many Brazilian trading companies. Today all the action related to Brazil is going on with China, and the United States very much represents the past.

    I have been writing about the reverse immigration of Brazilians that has been going on these are Brazilians who are returning to Brazil by the thousands after they had been living in the US for many years.


    *****


    Jem: Perhaps he would like to see Brazil be the leading superpower and U.S. be its best buddy with the planes and warships to back Brazil's leadership up.


    *****


    SouthAmerica: Brazil should not be dependent on any other country for its defense.

    Brazil is already armed with nuclear weapons, and Brazil is also well prepared for a confrontation with any other country regarding a cyber war. Brazil has a large supply of the best hackers in the world.


    *****


    Jem: Perhaps S.A. would like to be President of the Americas.


    *****


    SouthAmerica: Of the Americas I don’t think so….But of Brazil I have an open mind regarding that subject since various of my ancestors ruled Brazil in the past.


    *****


    Jem: Which would be fine as long as I was in charge of his armies.


    *****


    SouthAmerica: Sorry, but only Brazilians would be allowed to be in charge of the Brazilian Army including the nuclear weapons and the army of hackers in case of cyberwar.


    ***


    By the way, not all the masters of Wall Street are “Scum Bags” like the members of the Goldman Sachs Mafia family.

    Thanks god we still have some people around from the John Templeton old school of investing – right now there are very few of them around and the only name that comes to mind it is Michael Price.

    Michael Price still is on my list of outstanding investors and he belongs in the same league of people such as John Templeton.

    One of the best things that could happen to the United States today is if Goldman Sachs followed the footsteps of Lehman Brothers and went through a similar financial meltdown and total collapse.

    The United States would be in better shape in the long run if the Goldman Sachs Mafia family had been put out of business. It would be good for everybody including many countries and the international financial community.

    .
     
    #39     Mar 7, 2010
  10. jem

    jem

    Reagan was not the start of the decline. The decline was manifest during Carter's administration.

    Deficit spending has been the real culprit and that has the democratic party written all over it. Although the recent crop of Republicans were traitors to the cause of fiscal responsibility.

    Reagans tax cut raised revenues. Reagans military spending brought down communism. The democrats continued spending brings down the U.S.

    The current dems are proof - the porkulus bill is their shining achievement . So much spent with no results.
     
    #40     Mar 7, 2010