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Old 02-29-2008, 03:29 PM
stompk's Avatar
stompk stompk is offline
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Question Brazil has ZERO debt!


I was noticing a lot of financial experts touting Brazil's strong and steady economic growth.

Quote:
Brazil's economy looks like a good prospect for investment, according to a leading fund manager who specialises in the region.

Urban Larson, manager of the F&C Latin America Fund, says that a strong performance in 2007 is set to be repeated again this year and that growth rates in the economy of five per cent last year heralded more opportunities to come.

"Job creation was a record 1.9 million, inflation was 4.5 per cent - a 60-year low – and bank lending grew at about 25 per cent year on year," he said.
Source: London Stock Exchange - Article

So I started wondering why Brazils economy is such a good investment, and I had a hunch.

Remember the Leo Wanta money?
COMPLIANCE WITH ORDER OF THE COURT & RELEASE OF AMBASSADOR LEO WANTA'S MONEY'S

What happened was the Trust Company that hold the US national debt, which at the time, March, 2003 was around $4.3 trillion. Now in a deal to get the Trust to release the funds (gold certificates) to pay off our national debt to a very rich Saudi Arabian gold investor, they included some of Latin America's national debt.

So the amount that was payed to this Saudi creditor was $6.5 trillion, which he gave credit for. The problem lies that our national debt was never credited.

The American people were duped out of $4.3 trillion.

However, many Latin countries suddenly have no national debt. Brazil best illustrated this.

In 1999, Brazil was floating in national debt.

Quote:
Market friendly

Nov 11th 1999
From The Economist print edition

THE cost of its national debt has long been one of Brazil’s economic bugbears. In the past year, the government made around 93 billion reais ($49 billion at current rates) in interest payments.
$49 billion in interest payments alone. So their debt must have be around $1 trillion.
Well, 8yrs later they are doing much, much better.

Quote:
Brazil's shift to net creditor status may bolster investor confidence in Latin America's biggest economy and help the country win an investment-grade rating. Brazil repaid its debt to the International Monetary Fund, the Washington-based lender that bailed out the country over four decades, in December 2005.

``This is unheard of in the history of our economy,'' the Brasilia-based bank said.

Brazilian exports have tripled since President Luiz Inacio Lula da Silva took office in 2003 on rising world demand for soybeans, iron-ore, beef and cars. An accompanying surge in foreign direct investment, including stock and bond purchases by non-residents, led the currency to appreciate to its strongest level in more than eight years today.
Source: Bloomberg.com: Latin America


Seems to me like the Brazilian government took care of it's people before they lined
their pockets, unlike the US government.

We could have had the debt paid off, but instead it has doubled. Not a conspiracy?

Bullsh*t


Last edited by stompk : 02-29-2008 at 03:31 PM.
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Old 03-28-2008, 08:32 AM
LazySunday LazySunday is offline
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Default Re: Brazil has ZERO debt!

thats crazy. it makes me want to scream!
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