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BRIC: a (not-so) new bloc to challenge the U.S.

7 September, 2009

In my last blog 5th Sept., I wrote the following:

The Wall Street Journal carried an article indicating Obama’s promise of billions of U.S. dollars to fund off-shore drilling in Brazil. here

Will U.S. citizens be getting these jobs? Not likely.

BTW, George Soros’ hedge fund invested millions to buys Petrobras stock one year ago. here

And then I remembered a story about Brazil that I wanted to follow up with.  I found these three stories first and was taken aback by the bloc that no one seems to have noticed in eight years:  (red emphases are mine)

1.    Brazil and France in jets talks   here

Monday, 7 September 2009

Brazil has entered into negotiations with France to buy 36 fighter jets, the two countries have announced.

In exchange for the $4bn tender, France would buy about a dozen military cargo planes, they said in a joint statement.

French President Nicolas Sarkozy is in Brazil to attend Independence Day celebrations, but a formal decision on the deal is not expected this week.

France is competing with the United States and Sweden to supply Brazil’s air force with 36 new modern warplanes.

2.  Babson College Launches BRIC (Brazil, Russia, India, and China) Program —

Students Explore Four Biggest Rising Economies here

Fri Sep 4, 2009 1:32pm EDT

WELLESLEY, Mass., Sept. 4 /PRNewswire-USNewswire/ — Babson College has launched a

new overseas program, BRIC: The Cornerstone of the New Global Economy,which immerses students in a semester-long exploration of the economic, cultural, political, and historical dimensions of the BRIC countries (Brazil, Russia, India and China).

3. Brazil, Russia, India and China form bloc to challenge US dominance  here

June 17, 2009

The first summit of heads of state of the BRIC countries — Brazil, Russia, India and China — ended with a declaration calling for a “multipolar world order”, diplomatic code for a rejection of America’s position as the sole global superpower.

Finally, I have to admit I stopped looking for the story I started out to find, because this one is far more interesting to me.

Goldman Sachs BRIC Strategy Is Getting Hot Again here

Posted on March 30, 2009 by Brazil Institute

John F. Wasik-Bloomberg, 03/30/2009

Want to rebuild your stock portfolio? Start with a BRIC strategy. As promoted by Goldman Sachs Group Inc. in 2001, this approach focuses on Brazil, Russia, India and China.

The Brazil Institute is part of the “Woodrow Wilson International Center for Scholars.”

The Woodrow Wilson International Center for Scholars is the living memorial to Woodrow Wilson, president of the United States from 1913 to 1921    here

I can not tell you how happy I was to circle round to Goldman Sachs again. They have pushing this BRIC block for at least nine years – deliberately trying to undermine the superpower status of these United States. How much did Paulson and Geithner know about this when they came demanding money to keep GS from failing because of their bad investments from AIG?

After I wrote this post, I decided to check Wiklipedia. Here is a link to their entry and to the studies performed by Goldman Sachs.

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