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Thread: Brazil

  1. #1

    Default Brazil

    talk about a currency tanking

    https://tradingeconomics.com/brazil/currency

  2. #2

    Default

    it's a New World order.. Like HW Bush said at the U.N. on 9-11-91
    x3

  3. #3

    Default

    Quote Originally Posted by silverone View Post
    it's a New World order.. Like HW Bush said at the U.N. on 9-11-91

    and look how illusive it's been since. You would think that after They being in control this long, things would be better. Instead we end up with a global pandemic to blame for our ill controlled financial system. what a joke.
    You are a spiritual being having a human experience. Brent Leese

  4. #4

    Default

    Quote Originally Posted by Kaching View Post
    and look how illusive it's been since. You would think that after They being in control this long, things would be better. Instead we end up with a global pandemic to blame for our ill controlled financial system. what a joke.
    did ye EVER expect the PTB to say Mea Culpa? NEVER !!! they rather put a bullet in their own scull than recognizing they did it all wrong, and we cannot get rid of them because we are cowards ( and they know it ).

    Golditiki2+++

  5. #5

    Default

    Quote Originally Posted by golditiki2 View Post
    did ye EVER expect the PTB to say Mea Culpa? NEVER !!! they rather put a bullet in their own scull than recognizing they did it all wrong, and we cannot get rid of them because we are cowards ( and they know it ).

    Golditiki2+++
    Not really, I try very hard to live without any expectations. (one day at a time)
    It makes my life more enjoyable.
    Take care.
    Last edited by Kaching; 04-25-2020 at 05:47 AM.
    You are a spiritual being having a human experience. Brent Leese

  6. #6

    Default

    New record low again.
    This is the 5th largest country and 6th largest population and 9th largest economy.
    Think we would hear more about it.

    Thought the US administration loved this guy President Jair Bolsonaro.
    Real lovable guy.



    https://www.nytimes.com/2020/04/25/w...ro-brazil.html

  7. #7

    Default

    They are really good at crashing their currency. This was long overdue.

    One of my favorite currency reset stories come from Brazil. Back in the '60s they created/moved their capital to Brasilia, and of course they did it all with debt. The currency crashed shortly after to the point that you could not expect the value to hold from one day to the next. The U.S. economists that help them did it by establishing a "parallel currency"; it was just a 'virtual' currency indexed to inflation so calculating the day-to-day exchange was easy. So if a loaf of bread was 10 'virtual Brazilian reales' (or whatever they called it, don't remember) all you needed to do was to calculate how many collapsing reales was needed to get 10 'virtual Brazillian reales'. Well over time the people saw how the regular currency kept going down but the new 'Brazilian virtual reales' just kept being worth the same (10 to a loaf of bread or whatever it was). Eventually they had the brilliant idea to phase out the old currency, and embrace the new 'virtual reales' as the real currency. Lo and behold currency crisis was over.

    Yes, we the people are that level of stupid.

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