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Why Brazil is freaking out
cnn money ^ | 3-17-2016 | Patrick Gillespie

Posted on 03/17/2016 9:31:18 PM PDT by Citizen Zed

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Barack and Hillary may give us a similar Presidential transition.
1 posted on 03/17/2016 9:31:18 PM PDT by Citizen Zed
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To: Citizen Zed

BRICS who?


2 posted on 03/17/2016 9:34:01 PM PDT by JPX2011
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To: Citizen Zed

Didn’t Obama guarantee a $2 billion federal loan to Petrobas a few years back? I seem to remember there was some Soros connection, too...


3 posted on 03/17/2016 9:34:07 PM PDT by grey_whiskers (The opinions are solely those of the author and are subject to change without notice.)
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To: Citizen Zed

Lula was the previous president, a socialist. She appointed him to her cabinet and phoned that fact to him. The phone call was bugged by a corruption investigation.

A minister can only be charged and tried in the Brazilian Supreme Court, not in the regular venues. So her act gave him an immunity from corruption charges.

The irony: When Lula was a younger socialist/communist, he supposedly said: “When a poor man steals, he goes to jail; when a rich man steals, he becomes a minister.”

Self-prophetic.


4 posted on 03/17/2016 9:37:47 PM PDT by bajabaja (Too ugly to be scanned at the airports.)
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To: Citizen Zed

Brazil is a socialist, progressive nanny-state. Government controls most economic decisions.

Corruption and rent-seeking is the unavoidable result. there is no way around it.

The USA is not that different, except for one big difference - we can produce massive debt in our own currency, and the world must accept it, for now anyway.


5 posted on 03/17/2016 9:37:49 PM PDT by PGR88
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To: grey_whiskers

And the Olympics are due to start in Rio in August...


6 posted on 03/17/2016 9:38:06 PM PDT by CondorFlight (I)
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To: JPX2011

BRICS, huh.


7 posted on 03/17/2016 9:38:25 PM PDT by Ciexyz ("You know who gets hurt? The people who worked hard, lived frugally, and saved their money." - Trump)
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To: Citizen Zed

Was it Churchill who said “Brazil is the economic powerhouse of the future, and always will be”?

The Olympics start in Rio in a couple of months and almost nothing will be ready. This will be worse than Athens. The water is so polluted and dangerous, that many top athletes are considering not competing. Crime is so rampant near some of the construction sites that workers are refusing to go there.

Brazil is in shambles, and Lula (the former President who was being shielded by the current President) was a major part of its current crisis.


8 posted on 03/17/2016 9:39:07 PM PDT by Anitius Severinus Boethius (www.wilsonharpbooks.com - Sign up for my new release e-mail and get my first novel for free)
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To: Citizen Zed
Billionaires, corporate execs and politicians are jailed in a massive corruption scandal.

How refreshing.

9 posted on 03/17/2016 9:41:20 PM PDT by Mr. Mojo
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To: grey_whiskers

Soros bought in big with Petrobras at the time of the BP mess in the Gulf.


10 posted on 03/17/2016 9:41:25 PM PDT by KC Burke (Consider all of my posts as first drafts. (Apologies to L. Niven))
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To: Citizen Zed
...and a sharp decline in commodity prices.

It's going to get worse!

11 posted on 03/17/2016 9:49:01 PM PDT by Mr Apple ( JEFFREY PEDOPHILE EPSTEIN / BILL RAPIST CLINTON.....UNDERAGE LOVE)
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To: Ciexyz
Brazil, Russia, India, China, then a little "s" so B.R.I.Cs

Sounds like kinda like a crime syndicate. Oh wait it is

12 posted on 03/17/2016 9:49:37 PM PDT by datricker (Its morning again in America! Don't let the putznuggets steal your future. Vote Trump)
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To: Anitius Severinus Boethius

Maybe Mitt can go help them with the Olympics?!


13 posted on 03/17/2016 9:52:57 PM PDT by Citizen Zed ("Freedom costs a buck o five" - Gary Johnston, TAWP)
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To: Citizen Zed

That’s actually not a bad idea. Mitt saved the Salt Lake City Olympics. I have a lot of problems with Mitt Romney, but he really is a very effective organizer who can handle big projects and pressure. Trump is the same way in that regard.

But I don’t know if either of them could work through the entrenched problems that Rio faces.


14 posted on 03/17/2016 10:10:04 PM PDT by Anitius Severinus Boethius (www.wilsonharpbooks.com - Sign up for my new release e-mail and get my first novel for free)
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To: Anitius Severinus Boethius

I agree.


15 posted on 03/17/2016 10:19:30 PM PDT by laplata ( Liberals/Progressives have diseased minds.)
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To: Anitius Severinus Boethius

I’ll bet Trump could fix it!


16 posted on 03/17/2016 10:22:58 PM PDT by mdmathis6
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To: grey_whiskers
I have little doubt there was big money in the mix, and regular payments for the pols, regardless of commodity.

No doubt, with commodity prices (oil, especially) down, the payments to the pols have lagged...( If you have a structured settlement, but you need cash now, call...)

17 posted on 03/17/2016 10:23:30 PM PDT by Smokin' Joe (How often God must weep at humans' folly. Stand fast. God knows what He is doing.)
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To: Citizen Zed

Among other problems, Brazil has some seriously filthy bodies of water, wide open to the public. Brazil has known about the polution for quite some time, but has no EPA equivalent with the same power. I find it surprising that so many American Olympic contestants have decided to ‘just not dwell upon’ the dangers. Oh, and then there’s that new Zika thing too.


18 posted on 03/17/2016 10:33:18 PM PDT by lee martell
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To: Citizen Zed

Brazil has the world’s first first sustainable biofuels economy (ethanol). As we can see that’s working out just great for them. /s


19 posted on 03/17/2016 10:38:12 PM PDT by Impala64ssa (You call me an islamophobe like it's a bad thing.)
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To: Citizen Zed

Brazil made their economy all about Commodities and exports to China. You live by the sword you die by the sword.


20 posted on 03/17/2016 10:51:55 PM PDT by nickcarraway
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