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Jem: He has a problem with the direction the U.S has gone the last few decades.
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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 â or what is left of the old system.
Alvin Toffler gave a very good explanation on his book âRevolutionary Wealthâ 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 onâ¦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:
âBasically, Itâs Overâ
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.
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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) â 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) â 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) â 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) â by developing a transportation system for the 21st century, and get complete independence from imported oil.
(E) â by improving the educational system in the United States and create a new system more in tune with the 21st century â including continuous education upgrades for people of all ages.
(F) â by having a country in a much better financial position â 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 listâ¦.
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Many misguided people in the US think that to be a strong powerful US means:
(A) â Piss away trillions of US dollars of borrowed money on the military and start wars around the world to give the illusion of power â Vietnam War, Gulf War, Iraq War, and the kiss of death â 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) â 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) â 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) â The United States has the right to put its nose on everybody elseâs 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) â 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) â To preach around the world how its economic system is superior to everybody else and criticize the countries that donât want to play the same high risk casino games.
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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.
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SouthAmerica: I have been watching first hand the fast economic decline of the United States, I remember in the mid-1980âs 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 1980âs.
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.
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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.
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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.
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Jem: Perhaps S.A. would like to be President of the Americas.
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SouthAmerica: Of the Americas I donât think soâ¦.But of Brazil I have an open mind regarding that subject since various of my ancestors ruled Brazil in the past.
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Jem: Which would be fine as long as I was in charge of his armies.
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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.
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By the way, not all the masters of Wall Street are âScum Bagsâ 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 â 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.
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