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Brazil claims rich countries “tsunami” of cheap money triggers “currency war”

Friday, March 2nd 2012 - 05:55 UTC
Full article 3 comments

Brazilian President Dilma Rousseff slammed rich nations on Thursday for unleashing a “tsunami” of cheap money that was “cannibalizing” poorer countries such as her own, forcing them to act to protect struggling local industries. Read full article

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  • lsolde

    l didn't think that Brazil was a poor country.

    Mar 02nd, 2012 - 10:42 am - Link - Report abuse 0
  • Teaboy2

    They are, their economy maybe greater in size than ours but they have little reserves or finances to show for it. If they spend their money better and investing better then they would be richer and have more money to show. Thats why size of economy doesn't mean everything as it does not refelct what available finaces a courntry has

    Mar 02nd, 2012 - 12:58 pm - Link - Report abuse 0
  • Fido Dido

    @teaacidboy2,

    rather than doing research about a “complex” topic of a nation you don't know and have no knowledge about, you're typing comments out of your ass as usual. You're a great example how bankrupt the mindset of the youth in the UK is and why it doesn't go forward.

    https://picasaweb.google.com/lh/photo/htsbZwgcYO7fTw4Uqxr-PtMTjNZETYmyPJy0liipFm0?feat=embedwebsite
    ^
    ^
    Teaboy, where it gets his knowledge from.

    “l didn't think that Brazil was a poor country.”

    You think right. Brazil is a rich nation with it's natural recourses. It's the only nation of all growing economies, who's economy not only grew but where poverty decline(d) the fastest. Brazil has a long way to go and the unequal distribution of wealth is still one of the main issues there.

    Mar 02nd, 2012 - 07:39 pm - Link - Report abuse 0

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