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Brazil & China dump the $

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  • Brazil & China dump the $

    http://www.ft.com/cms/s/0/996b1af8-4...nclick_check=1
    Mike

  • #2
    Re: Brazil & China dump the $

    China just bypassed the U.S. as Brazil's largest trading partner. This is due in large part to China buying up all of Brazil's natural resources using worthless dollars. Brazil is definitely getting the short, fat end of the stick.

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    • #3
      Re: Brazil & China dump the $

      Originally posted by allenjs View Post
      China just bypassed the U.S. as Brazil's largest trading partner. This is due in large part to China buying up all of Brazil's natural resources using worthless dollars. Brazil is definitely getting the short, fat end of the stick.
      What he said

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      • #4
        Re: Brazil & China dump the $

        I had heard this from my customer (Report from the Front: Brazil business conditions) but didn't note it down because I don't know his level of connections in Brazil.

        Apparently pretty good.

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        • #5
          Re: Brazil & China dump the $

          Until now no way out for a new currency. Until a agreement is done the curse of the Dollar will keep its path.
          Follow the money, follow the power.

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          • #6
            Re: Brazil & China dump the $

            Originally posted by aweber View Post
            Until now no way out for a new currency. Until a agreement is done the curse of the Dollar will keep its path.
            So are you saying...

            1] This report is definitely true, and

            2] You are happy about it?

            Do you prefer a relationship with China to a relationship with the US?
            "...the western financial system has already failed. The failure has just not yet been realized, while the system remains confident that it is still alive." Jesse

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            • #7
              Re: Brazil & China dump the $

              Originally posted by c1ue View Post
              I had heard this from my customer (Report from the Front: Brazil business conditions) but didn't note it down because I don't know his level of connections in Brazil.
              That link is borked -- needs fixing -- goes nowhere useful.
              Most folks are good; a few aren't.

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