I'm not sure about Latin America.
But, Norway is a country that jealously guards its oil resources, and makes sure that the majority of their oil in under public/government ownership, and that the revenues from the public ownership of oil goes into a well run and transparent trust fund to invest in the retirement, social benefits, and future ecnomic security of norways citizens.
http://seattletimes.nwsource.com/html/nationworld/2004024446_norway20.html
http://www.eia.doe.gov/emeu/cabs/Norway/Oil.html
I'm open if you can show me an example of a Latin American country where that has worked successfully.
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VZ so far , kinda like capitolism has worked so far in the USA. It all has to do with time periods. History has shown that no govt will last forever.
My company invests billions of dollars of capital across the globe in institutional real estate and we will not touch Latin America with a ten foot pole. Now we take risks, i.e. investing in China, but if it was your fiduciary responsibility to guard this money would you trust Latin America and people like Hugo Chavez with billions of dollars?
What do you mean time periods and governments? When was the last time a Latin American country has been a true global economic force?
What do you mean time periods and governments? When was the last time a Latin American country has been a true global economic force?
Ahh, so you are one of those CaWacko warns me about ? Off selling us out to China.
Yeah it is a lot safer than SA
Well maybe finiancially, but not safe for our country.
I didn't warn you about me. You must be thinking of some other handsome intelligent gentleman.
How did I sell you out to China? We have several funds set up to invest in China. A majority of the money comes from offshore so I'm not sure how I'm selling America out. And we have U.S. clients that want divisificiation i.e. investment outside of the U.S.
We are not a zero sum game. To set up a fund in China does not mean we must close a fund in the U.S. It is about offering services your investors want. So sorry to disappoint you but there is no 'selling out to China' going on here.
Never, but since when has China been a global economic force either ?
Things Change, including govts.
DARNIT. I messed up . sorry all.
corrected version.
Ahh, so you are one of those Asshat warns me about ? Off selling us out to China.
Yeah it is a lot safer than SA
Well maybe finiancially, but not safe for our country.
I guess it is better to get involved with a 2,000 LB gorilla instead of an assorment of Bunny Rabbits ?
Yeah next quarters profits, damn lower working class don't invest thru ya much anyway. Investors, now that is where the money is at.
Too bad there is little humanity in there with them.
And no it is not a zero sum game, but it is closer to that end than you want to admit.
Yeah next quarters profits, damn lower working class don't invest thru ya much anyway. Investors, now that is where the money is at.
Too bad there is little humanity in there with them.
And no it is not a zero sum game, but it is closer to that end than you want to admit.