For about a decade there, Brazil was the Latin American country that got it right. Under a socialist but apparently reasonable government they kept their budgets under control, managed the population shift from farm to city [Agenda 21], and developed some efficient export industries that brought in plenty of hard currency. The Brazilian [currency called the “real”] held its own on foreign exchange markets and inflation was, as a result, moderate.
- North Korea An Agenda 21 State.
- Israel Is Already A NWO Agenda 21 State.
- Iraq’s Agenda 21 ~ forcing rural into tight urban centers
- China’s Vacant Cities For Agenda 21 urbanization ~ Before Corruption Crackdown!
Then it all fell apart. The US dollar spiked, commodity prices tanked, and it was discovered that a whole range of big local players were gaming the system in various ways, sparking a corruption scandal that reaches all the way to top.
From 2011 ~ Obama’s $10 Billion Of U.S. Taxpayer Money ~ Funding Brazil’s Off Shore Oil Drilling!
Brazil’s “real” is now the worst performing major currency (in a world of badly-performing major currencies), its budget deficit is 8% of GDP, the interest rate on its 10-year bonds exceeds 15%, and GDP is apparently about to fall off the table.
From 2012 ~ Sabatoge Brazil Arrests 17 Chevron Oil Execs For “Environmental Crimes” Against The People.
There are calls for the impeachment of the president and rising speculation that the finance minister, unable to get spending cuts through the legislature, is about to quit. The latter’s departure will remove the last prop from Brazil’s investment grade credit rating, making it even harder to borrow, necessitating even bigger spending cuts, and sending the country into a stereotypical Latin America death spiral. Just in time for it to host next year’s Olympics.
A big part of the problem is the decision by major Brazilian companies like oil giant Petroleo Brasileiro to fund their rapid growth by borrowing tens of billions of US dollars. When the “real” was rising and dollar interest rates were low, this strategy was a double winner. But when the dollar spiked in 2014 the true cost of those loans went through the roof.
B.P. Oil Spill & Deadly Corexit May Kill Millions Of U.S. Citizens: U.S. Strategic Petroleum Reserves Stored In Collapsing Salt Domes On Coast Of Louisiana!
In this sense Brazil is one of the high-profile casualties of the currency war. And with the US about to raise rates while most other countries lower theirs, it’s only going to get uglier. Which means (here’s why this matters beyond Brazil itself) the big US banks and other major creditors are looking at multi-billion-dollar losses in 2016.
Whenever there’s a South-of-the-Border crisis, Citigroup, Goldman and JP Morgan are in the mix, demanding a bail-out so year-end bonuses aren’t affected.
Brazil’s U.S. $133 Billion, Ten-Year Push in Search of Oil and Gas : Obama Sending Billions In U.S. Taxpayer Dollars For Brazil To Drill New Offshore Oil Wells.
The Mexican peso crisis of 1994 was, in fact, the genesis of Greenspan, but that turned the money center banks into giant hedge funds.
So Brazil will illustrate the differences between now and then — if there are any.
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- Stopping Agenda 21: Obama & United Nation’s Surreptitious Attack Upon America To Control America’s Farmland.
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- Communist From Montana Senator (sic) John Tester: Introduces Bill For Obama To Confiscate Land In The Name Of NAZI Paradigm EPA aka; Agenda 21.
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- Senile Dianne Feinstein’s Surreptitious Desert Wilderness Protection Act To Block Gold Mining: Agenda 21 Shutting Down The United States Gold Mining, Biden’s Anti Coal, & Obama’s Anti Oil.
- Rothschild Banking Farming Cabal At War With The United States Of America: Sedition, Treason, Lies, & Murders ~ Using Innocuous Agenda 21 Scheme. Sociopaths Should Not Be Allowed To Own A Bank!