An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
"I went to the place where every white face is anInvitation to robberyAn' sitting here in my safe European homeI don't want to go back there again..."
"Give us $11,000 for a soap dish or, we'll hold you hostage."Brazil...so corrupt.
And Mike they probably really meant 11,000 DOLLARSRight there is the tip-off... completely corrupt...Here:http://money.cnn.com/2015/12/16/investing/fed-emerging-markets/"Brazil has the second biggest dollar-denominated debt in the world after China, according to the Bank for International Settlements.Brazilian companies have borrowed billions of dollars over the last decade, and might find themselves unable to repay those debts if the dollar gains more ground against the real."Same thing as these street level gas station thugs with the gun... disgraced USD zombies all of them....
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