Posted on 11/09/2008 6:14:54 AM PST by Fox_Mulder77
Brazil's President and former labor union leader, Luiz Inacio Lula da Silva, called on the world to put an end to the current dominance of United States in the world financial system. He wants the world to adopt a new system that will be run by the G20 nations, and discard the G7 all together.
The Brazilian Finance Minister, Guido Mantega, said "We refuse to take part in the G7 merely to drink coffee and we have to have a more important role in discussions".
Ultimately, Brazil envisions, "a pact between governments to build a new financial architecture for the world." Brazil's President slammed the idea of free markets saying it's time to end, "dogmatic faith in non-intervention in markets".
(Excerpt) Read more at stealthynews.blogspot.com ...
Bet the G-20 would be real popular with this puke doing the sort of interventions Latin countries are famous for ~ like stealing everybody’s stuff.
I think Bush, Obama, McCain and the rest (nearly) of the US Congress agrees with that.
Øbama: Yes We Can!
I was thinking of the G-132...and have yearly meetings in Tonga...with native dances and free beer for all the representatives.
If we had not been buying your coffee for all these years you'd still be a backwater region like most of Africa.
America, ‘the world’s biggest gift basket’. Looting to start Jan. 20, although it’s best to get in line now.
Is that anything like AIG and Paulson stealing everybody's tax money.
The only way to cut the USA out of the system would be nuclear weapons. We have the most money. Period. End of story. Accept it or nuke us, you have two choices.
So nice to see our leaders are anti-American being leaders.
Third world status, here we come!
So when will the world be sending us billions?
Apparantly you are not familiar with the problems involved in living in countries without a good real property title system ~ when I say EVERYTHING that's what I mean.
Allow me to translate: We want to be able to suck America dry without any pesky interference from the American people. Brazil's largest trading partner is the U.S. We buy more from Brazil than any other country does. One week without recourse to our economy would put 90 percent of pukes like Lula in a downward spiral that would result in them being strung up.
You mean like ACORN and the Dems recently did, via Fannie and Freddy?
The recent mortgage crisis comes from the markets finally realizing that, for the last several years Fannie and Freddie had been putting mortgage backed securities on the market that were, shall we say, somewhat less than "investment grade".
the only time that will happen
will be when another country or countries
surpass the u.s. in imports and consumption.
Who cares what Brazil wants?
Obama and the rest of the socialist libs in our country perhaps.
The G7 makes up about 42% of the world’s GDP if you add China and India that accounts for about 63% of the world’s GDP.
This from a country that used a “black bean index” to control inflation.
Being an old fud has some advantages - as in remembering the tap dance these politicians go through. Some years back Brazil was using the price of black beans in one or two states as an inflation index. When the price of beans started to rise, they trucked in beans by the, well, truckloads to flood the market and drive down the index.
They, as others, have been hit hard by this financial crisis and are looking for someone else to blame. (Thank God for America!)
President Lula is going to replace the dollar with the liter of rum. His liver will be extremely wealthy.
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