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ISSN 0033-1983
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Original Content in English
Brasil has surrendered to World Bank again – remembering the global financial crime crisis and its reflections in Brazil
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Lula and Robert Zoellick, congratulating each other for the common stupidity, they are very happy with Brazil’s Central Bank and the Bank of America guy.
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By Bruno Lima Rocha
The crisis in the global financial system has fully reached Brasil. The reason is simple. This is a nation ruled by bankers. The most powerful man here is a top Bank of America CEO. His name is Henrique Meirelles (Mr. Meirelles) and has a solid career linked to BankBoston. He is the chairman of Brazilian Central Bank (BC) and gained status of minister – as a promotion - because he was being accused by his personal fortune without origin. Now, only our glorious Supreme Court (STF), worthy of being investigated by Bob Woodward and Scott Armstrong, can judge him. enviar imprimir The facts are direct and speak for themselves. Brasil claims to have paid their foreign debt. The amount due to the International Monetary Fund (IMF) is already paid. The bulk of private creditors also received. In reality, what happened was an exchange of foreign debt by the super public debt as a means of accumulation of speculative capital. The merger and bank merger is the result of that genius of crime. Now, with the rope on his neck, with the five largest banks in the country owning 86% of the agencies and electronic terminals, rests to the government pay the bill in order of liquidity.
Thus absurd, the Brazilian National Economic and Social Development Bank (BNDES) will inject additional U.S. $ 6 billion of dollars to ensure the flow of loans to the productive sector. Thus, instead of forcing the private banks to borrow, demote the basic interest rate (named as Selic) and impose a percentage of the portfolio of private banks to finance the fast capital subsidized, the state will pass the payment slip to all of us. The origin of its $ 6 billion is equally grim. U.S. $ 3.2 billion will come with changes in mandatory bank deposits. That is, the reserves of deposits, increasingly relieved, will finance major companies that can still be saved. This amount do come from the state, through the central government, and not burden the bankers. Moreover, the remaining U.S. $ 2.8 billion come from a line of credit with the Inter-American Development Bank (IBRD), subsidiary company of the World Bank Group. That is, we reborn our debt to pay the bill’s binge of brazilian subprime and the dollar gamble mobs.
For those who just imagine the nightmare from the "left-wing government in charge of right," it is worth. The IBRD loan for the Union was by decree. Rather than prescribe private banks to do compulsory deposits, Lula decreed the re-indebtedness of the country. Brasil secured a special line with the Federal Reserve (Fed, the U.S. Central Bank) and the IMF. The 11th economy in the world won this gift as being a well-behaved boy. This was the fruit of good behavior in 2002 and 2008, won through swap transactions (currency exchange) then commanded by former George Soros manager and then president of the BC Armínio Fraga, from 1999 to 2002. From january 1st. until now Mr. Meirelles has been commanding the same operations, in its reverse order. Today Brasil can exchange up to $ 30 billion dollars and ask an aid to the IMF. That is, the prize for shady transactions swap and obedience to the "neoliberal fundamentalism of the anti-economy" is throwing us the arms of death again.
After 13 years of "austerity monetarism" discovers the obviousness. Because of those who have passed their lives selling the nation, the country gave up strategic reserves - such as iron ore privatized - to become a platform for exports of primary goods. Now the financiers “reinvented the wheel”. The economy authorities are financing with external credit the criminal mentality of those who played games with 4 / 5 of the “so called productive economy”. Those gangsters in suits and silk ties have risked our economy Gambling spree of derivatives and futures market. The irrational exuberance ends so melancholy as stock exchange operator addicted to cocaine or a show business man drunk from whisky. They lose their family, job and goods, but never lose their lack of shame or their snobbery.
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