Like the illusion of Wall Street, with its vast and powerful investment banks, now shuttered, China too is an illusion perpetuated by the Globalists that gave us the 15,000 mile Caesar salad, poisoned cat food and lead based paint on babies' pacifiers. Like the illusion that money would come from thin air to always push housing prices higher, China has spent a generation pursuing its illusion. Pursuing an unattainable dream to be like the West, while 6000 years of its carefully shepherded top soil blows into the sea.
Posted: Tue Apr 22, 2008 12:39 am Post subject: Re: Brazil: Biofuels aren't causing global food crisis
Good call BrazillianPO, saved me the trouble to bother.
However, in the northeast there is still PLENTY of room to increase sugar cane production (thats why that land was colonized in the first place) w/o affecting food supplies there.
Anyway, this is what you get when you give cars to everyone and their mother. Just put those miserable Asians back in their place and this fuel/food problem goes away.
Orientals reproduce like bunnies and we the white people of the West, cultural inheritors of Roman and Greek civilization, have to share our lifestyle with them? This has gotten way out of whack. Time for some reality check: cut off their food so their people/lebensraum ratio goes down to more western levels and we might talk about compromising a few things.
Joined: Apr 19, 2006 Posts: 199 Location: Australia
Posted: Tue Apr 22, 2008 5:36 am Post subject: Re: Brazil: Biofuels aren't causing global food crisis
alokin wrote:
35Kas, I read two of your posts - disgusting! You are a Nazi?
I think 35Kas was being sarcastic, right? At least I hope so...
Matt Simmons had one funny tirade over China in an interview a few weeks ago, something like "We should had never let China grow like that". The interviewers did not know if he was serious or not, and the reactions were like "What????". _________________ Omnia mutantur, nos et mutamur in illis
Posted: Tue Apr 22, 2008 11:06 pm Post subject: Re: Brazil: Biofuels aren't causing global food crisis
I'm not a Nazi.
Try and spot the sarcasm. But you have to concede that my attempt at black humor has bearing with reality... overpopulation and increasing affluence for the once miserable are some of the primary causes of our problems. You may think this is a bit extreme but normal people really think like that, they don't care for the plight of those people so long as they can live comfortably.
When it comes down to the normal people having to explicitly make that choice, you will see a flight to extremist attitudes, and a canary for that is the anti-Mexican feelings in the USA brewing ever stronger.
Posted: Fri Nov 28, 2008 11:46 am Post subject: Re: THE Brazil Thread (merged)
Petrobras run out of little change:
Petrobras Cash Shortage Led to Tax Loan
Quote:
Nov. 27 (Bloomberg) -- Petroleo Brasileiro SA was forced to borrow 2 billion reais ($881 million) from Brazilian state-owned discount bank Caixa Economica Federal as it faced “momentary difficulty” paying taxes, Energy Minister Edison Lobao said.
Petrobras, as the state-controlled oil company is known, said record profit in the third quarter resulted in a 11.4 billion-real tax bill in October, about 5 percent more than the 10.8 billion reais of cash it had on hand at the end of September, the Rio de Janeiro-based company said in a note on the Brazilian security regulator’s Web site.
“There were taxes that Petrobras had to pay that they really shouldn’t have had to pay because they weren’t generated by operating profit but by the strengthening of the dollar,” Lobao told reporters in Brasilia. “The company had to take money out of its cash holding to pay the taxes.”
Petrobras, which has spent more than 20 billion reais on investment so far this year and paid $6.2 billion in dividends, may also have had to borrow money from state-controlled Banco do Brasil SA to meet its obligations, Senator Tasso Jereissati said in a telephone interview.
Jereissati, a member of the opposition Social Democracy Party, plans to call hearings on how the company has “working- capital problems.” As recently as August, Petrobras said it would likely increase a $112 billion 2008-2012 expansion plan
Break Limit
The Caixa loan may have caused the company to break a 13.6 billion real domestic borrowing limit imposed as part of government controls on spending by state-owned and state- controlled companies, Jereissati said. That forced Brazil’s national monetary council to lift the limit on Petrobras yesterday.
“If they broke the limit then they were dealing with an emergency,” Jereissati said.
The cash-flow problems may also have forced Petrobras to delay payments to suppliers over the last 30 days, Jereissati said. Petrobras officials weren’t immediately available to respond to Jereissati’s comments.
Bloomberg _________________ Stocking up on popcorn
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