MercoPress. South Atlantic News Agency

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  laceja

  With all the natural resources in all of South America and nearly 400 million people, Brazil and the rest of Latin America should be using those resources to become a powerhouse of wealth generation. Cut the government (and the corruption along with it), and free the people to make and grow things. South America has more natural resources than North America, but we continue to bow our heads and submit to the bankers, who strip us of all our value.
  
  The best thing the countries of South America could do for itself is to tell the Gringos and Britts to take a hike. South America should start its own central bank (but do not privatize it) and encourage competing currencies. That is, every country in South America should be willing to accept any South American currency as payment of debts, without having to go through the Bank for International Settlements (another Rothchild monopoly).

  Jan 11th, 2012 - 03:07 pm - Link - Report abuse 0
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  Fido Dido

  ”South America should start its own central bank (but do not privatize it) and encourage competing currencies.”
  
  No they don't. Don't you learn from that Euro debacle, though the central bank there is a (hidden) private bank in the hands of the Germans. If your wish comes through, there will be no question that Brazil would control the bank, and that would lead to problems with it's spanish speaker nations and do you think Brazilians would bailout failed nations? You know the answer (No). Anyway, it's all theory now because the idea has be shredded, because they've seen the bad side in Europe what can happen with a single currency. It doesn't work in Latin America, also because of culture differences. Besides, most banks in South America are government entities though they are a member of the BIS.

  Jan 11th, 2012 - 03:39 pm - Link - Report abuse 0
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