House of Paine

latin el busto ????

an exchange on the ...internet 






===============================


pinky:



this brazil super samba  
has the lengthening ears  
of a jack ass debacle  
 
latin america looks to me  
like the top candidate 
for epicenter of 
the next drastic " rolling readjustment" 
i give the system 16 months  
then bingo bingo bingo  
97 II  

------------------------------

 
In 16 months,
 I say that energy runs to the top
 of the list of bingo...bingo.

 And very shortly thereafter, 
global warming is seen simmering off 
the to the side,
 ready to make its slow entrance 
onto even this blog. 
 
I love predictions. Cassandra I aint.
 But one way or another,
 growth is about to be checkmated. 

btw:

A threatening pawn moves into position: 
 
"China is hastening to complete
 a deal worth as much as $100 billion
 that would allow
 a Chinese state-owned energy firm 
to take a leading role in developing 
a vast oil field in Iran,
 complicating the Bush administration's 
efforts to isolate the Middle Eastern nation
 and roll back its nuclear development plans,
 according to published reports." 
 
-------------------------------------------------------
i agree herr storm  
the possible gulf of hormuz 
geo political nite mare 
might intercept the spontaneous roll 
of events  
not allowing the fullness of time  
needed for 
a purer "credit and hi fi " to play out 

we may never get to see
the present cyclonic run up 
in brazil's  asset 
 market  take its 
inevitable spontaneous un assisted un shocked 
 crash     
 
but  the real latin america  has a glass jaw

one solid punch

like your  persian gulf
 oil shut off ...
         she'll shatter like an old clay pot  
 
despite  hurricane hugo's oil patch  
and 
 as brad points out 
a few off shore brazil drilling platforms 
about to start producing.....
 
i wouldn't bet on these  latin players 
keeping their heads  above water level  
 
here's the paradox  
 
as i read the trans nat 
standard emerging world  pro forma
 
capital is today in rush game mode 
 
tas hey usually are
        just prior  
to a vast private capital 
credit revulsion


seems given time
these  hog apes
always always
some how manage  
to produce such absurd overvaluations  
a forex and credit shock 
is inevitable

there's just no stoppin em..

but sometimes this huge pop
happens
just before they  re-enter  
an emerging area of opportunity 
and make it really work for em....
 
vide mexico in 94 

and  at least once or twice before  since 1960
 
seems
 u hit the brown skinned  mothers 
       with a credit panic  
bang bang bang 
one after the other  
like thors hammer 
 
such that when the horrror subsides  
the poor buggars 
are  totally submerged .....

their ecopnomy is  underwater..dollar wise....

thats when u  really 
      send in  the privateer fleets 

   sail em right in  there
          and grab  
              as much sunken treasure as ...

    i'm sure you get the MO  
-------------------------------------
 
60% off bargains 
 
 ----------------------------------------------
on this basis 


the only other 
 possible  epicenter
  for a total  submersion of an emersion candidate 

(since south east asia  the last epicenter
  has reached another tier ..maybe ): 
       is  
sub saharan africa  
 
and indeed  
they might be a good candidate  
for forex/credit shock therapy 
 
but my gut sez 
(and as always
   my gut sez follow what my gut sez ) 
 
too soon 
too slow   
too sick 
too already on its back 
and  
anyhow 
too euro  scamp infested  
and never forget 
too habitually and easily begged for 
by 
guilt ridden  
merit class
 nyt reading  
affluent but non  extreme profit seeking 
decent souls  
 
always out there 
looking for something to save  
 
sssooooo 
i'm bettin on LA  
 
cause its now politically "uppity " 
 
yup LA  
 
latin america that is 
 
not the city of angles 

----------------------------------------
pinky: 
You describe the standard mode
 of attack well. But, below Panama,
 while the U.S. is preoccupied 
with other barbarians at its gates,
 there seems to be a minor revolt
 going on:

 A new Bolivar. Brazil, apparently,
 uranium-rich, is going ahead with oil independence:
 the nuclear option. Uppity Chavez cheers,
 while he moves ahead to forge stronger 
ties in the region. 
The move towards stronger alliances
 within Latin America will succeed 
in the long run; 
the U.S. grip must finally loosen. 
The Monroe Doctrine is slowly breaking. 
 
You may be right on the economic front
—hard for me to get a handle on that.
 Interesting to see how this plays out.
 Everyone is looking at China 
and the Middle East.  


-----------------------------------------
herr storm writes : 
 
 you point out
precisely why a humbling credit collapse  
would be welcomed "up here" at least in part ... 
 
what i don't mean to imply 
however
 is a board room conspiracy  
 
no this almost 
        a transcendental  result 
 
intentional talk  
conspiracy talk  
is a shabby short hand 
 
ie 
in reality

the trans nats as a group 
produce ...an oversoul 
a supra concious system  
that has emergent  collective 
          properties of its own 
 
and these are  but pooorly understood if at all 
by  
its various trans nat agents  
 
take this to the bank though 

the spontaneous synchronicities
  of this over soul
  work for em .....big time 
 

 
take
    the  scientific nonsense 
  called
the washington consensus
                  they pray for
                       give homage to
                        and  preach about 
 well..
sure its hell on wogs in the way

butfuck sure
                  works for wally world

------------------------
in this light  
 
i often think of the role  
of the sacred cow 
in traditional villlage india 

its core of practical welfare value 
 is  not the  brahminic intention  at all
 
it takes an ethnologist from outside 
to get at this core 
and explain its pursistence 

such an analysis  
bares no relationship  
to the explicit presentation
  by the cults agents  
nor the implicit understanding
  of the source
of its sacrd goodness
  as viewed by the community of participants 
 
similarly  
when
  somehow the hi fi guys  
get excited by a country or region  
and they start hyping it 
and chasing each other's tails 
          up the asset valuation pole 
till crack crash 
it busts under em all 
 
(brazil for alll the world
 looks to be right  now 
 in the heated midst
of that  tail chasing phase..obviously )
 

but here's the real gimmick...

post  el busto grande  
low and behold 
after they count their remaining fingers 
and dry their tears  
sometimes ( only sometimes mind u...) 
but often enough to keep the whole system rolling along  
the boys from wall street
  like the country/region.... even better 

even more  
then before they busted it down in their manic spec wave .... 
 
cause now its flat on its back and ready for .... 

errrr rescue  


----------- 
for next time:

how china may try to  play finance angel
to 
these bolivarian  fantasts
with their uppity notions  
about  non trans nat dependent
    natural  resource exploitation