.
Jem : I suspect the U.S. put up with the distorted markets for multiple reasons. But one of the reasons was clearly to bring China into the world community.
They sad thing is that people like S.A. thought this all happened because the U.S. was stupid.
*****
October 7, 2008
SouthAmerica: Hi Jem
Nice to hear from you.
How did you arrive to the conclusion that: âChina screwed Brazilâ?
Brazil has a great game going on its favor for many years the country that has been screwed left and right is the United States.
Besides I donât think as you said: âthe U.S. was stupid.â
The US has passed that level a long time ago. Today the US has reached the level way beyond stupid â it is reaching the point of being âBrain Dead.â
Let me clarify to you the game that has been going on for many years.
1) From Brazilâs point of view:
A) Brazil sells everything in sight to China and makes a lot of foreign currency and Brazil was able to keep increasing the prices of its goods because demand for these resources were so great during all this time.
B) Brazil pays almost all its foreign debt and reduces its domestic debt to a very low percentage of GDP - and still is able to accumulate $ 207 billion dollars in US dollar foreign exchange reserves as of Oct 2, 2008.
C) During this period the Brazilian currency gained in value against the US dollar by 50 percent (That means that everything that is priced in US dollar was becoming cheaper in Brazil in local currency.)
D) The Brazilian population starts to prosper and the domestic economy improved a lot in turn we had a period of prosperity that lifted millions of people out of complete poverty.
E) The Brazilian economy started disconnecting from the US economy - other than the hot money that is invested on the stock exchange â and Brazil diversified its economy and found new markets in Asia and the Middle East.
F) Today, the Brazilian government is in the best financial position that the country has ever been, and it looks great for the future.
2) From the United States point of view:
A) The US buys everything in sight from China on credit.
B) Then the US government mortgages the future of the country and the Chinese government is happy to become the US new master by lending hundreds of billions of US dollars to the US government.
C) As China is exporting everything in sight to the US economy â the US is exporting millions of good paying jobs to China and also to India.
D) Hundreds of ships come from Asian full of all kinds of goods, they return to Asia almost empty on the return trip â the Asians buy mostly scrap metal from the US.
E) After exporting its manufacture base to other countries the US financial sector decides to turn itself into the biggest casino in the world. And finally the casino went broke and is in the process of going out of business.
F) The US economy goes from being half capitalist to becoming the largest socialist country in the world - After Panic destroy the entire structure of the old economic system and the US government became the only player in town.
G) The United States lost its economic system, became enslaved by debt to foreign countries, ended up with a crumbling infrastructure, a complete destroyed social safety net, and a country demoralized in every way possible around the world.
3) From Chinaâs point of view:
A) China had a great period of economic development and it was able to lift the boats for hundreds of millions of people in China.
B) Made new friends such as Brazil and developed a reliable source of commodities and foodstuff necessary for its internal growth.
C) China recycled the US dollars by the hundred of billions: (a) China sent to Brazil hundreds of billions of US dollars to pay for the goods that they bought from Brazil and in turn Brazil paid most of its outstanding foreign debt. (b) China also sent hundreds of billions of US dollars to the United States to enslave the US and the US government added these borrowed money to the growing outstanding cumulative debt of the US government that just passed the US$ 10 trillion mark. (c) In a nutshell: China helped Brazil to pay most of its outstanding debt, and at the same time China helped the United States to mortgage its soul and its future.
D) China has been giving a lesson in capitalism to the United States and the United States got so out of shape that turned itself into the largest socialist country in the world â and the United States economic system has become so chaotic that finally is collapsing into the First Great Economic Depression of the New Millennium.
Note: Since I live here in the United States I have no problem with this slow Chinese takeover of the US economy - since I love Chinese food and I also like fortune cookies.
.
Jem : I suspect the U.S. put up with the distorted markets for multiple reasons. But one of the reasons was clearly to bring China into the world community.
They sad thing is that people like S.A. thought this all happened because the U.S. was stupid.
*****
October 7, 2008
SouthAmerica: Hi Jem
Nice to hear from you.
How did you arrive to the conclusion that: âChina screwed Brazilâ?
Brazil has a great game going on its favor for many years the country that has been screwed left and right is the United States.
Besides I donât think as you said: âthe U.S. was stupid.â
The US has passed that level a long time ago. Today the US has reached the level way beyond stupid â it is reaching the point of being âBrain Dead.â
Let me clarify to you the game that has been going on for many years.
1) From Brazilâs point of view:
A) Brazil sells everything in sight to China and makes a lot of foreign currency and Brazil was able to keep increasing the prices of its goods because demand for these resources were so great during all this time.
B) Brazil pays almost all its foreign debt and reduces its domestic debt to a very low percentage of GDP - and still is able to accumulate $ 207 billion dollars in US dollar foreign exchange reserves as of Oct 2, 2008.
C) During this period the Brazilian currency gained in value against the US dollar by 50 percent (That means that everything that is priced in US dollar was becoming cheaper in Brazil in local currency.)
D) The Brazilian population starts to prosper and the domestic economy improved a lot in turn we had a period of prosperity that lifted millions of people out of complete poverty.
E) The Brazilian economy started disconnecting from the US economy - other than the hot money that is invested on the stock exchange â and Brazil diversified its economy and found new markets in Asia and the Middle East.
F) Today, the Brazilian government is in the best financial position that the country has ever been, and it looks great for the future.
2) From the United States point of view:
A) The US buys everything in sight from China on credit.
B) Then the US government mortgages the future of the country and the Chinese government is happy to become the US new master by lending hundreds of billions of US dollars to the US government.
C) As China is exporting everything in sight to the US economy â the US is exporting millions of good paying jobs to China and also to India.
D) Hundreds of ships come from Asian full of all kinds of goods, they return to Asia almost empty on the return trip â the Asians buy mostly scrap metal from the US.
E) After exporting its manufacture base to other countries the US financial sector decides to turn itself into the biggest casino in the world. And finally the casino went broke and is in the process of going out of business.
F) The US economy goes from being half capitalist to becoming the largest socialist country in the world - After Panic destroy the entire structure of the old economic system and the US government became the only player in town.
G) The United States lost its economic system, became enslaved by debt to foreign countries, ended up with a crumbling infrastructure, a complete destroyed social safety net, and a country demoralized in every way possible around the world.
3) From Chinaâs point of view:
A) China had a great period of economic development and it was able to lift the boats for hundreds of millions of people in China.
B) Made new friends such as Brazil and developed a reliable source of commodities and foodstuff necessary for its internal growth.
C) China recycled the US dollars by the hundred of billions: (a) China sent to Brazil hundreds of billions of US dollars to pay for the goods that they bought from Brazil and in turn Brazil paid most of its outstanding foreign debt. (b) China also sent hundreds of billions of US dollars to the United States to enslave the US and the US government added these borrowed money to the growing outstanding cumulative debt of the US government that just passed the US$ 10 trillion mark. (c) In a nutshell: China helped Brazil to pay most of its outstanding debt, and at the same time China helped the United States to mortgage its soul and its future.
D) China has been giving a lesson in capitalism to the United States and the United States got so out of shape that turned itself into the largest socialist country in the world â and the United States economic system has become so chaotic that finally is collapsing into the First Great Economic Depression of the New Millennium.
Note: Since I live here in the United States I have no problem with this slow Chinese takeover of the US economy - since I love Chinese food and I also like fortune cookies.
.
