MercoPress. South Atlantic News Agency
Brazilian central bank concerned about 'persistent inflation' reveal minute
Brazil's Central Bank is concerned about inflation, now running at 6.75%, according to the minutes of last week meeting of the policy committee, released on Thursday. Read full article
Comments
Disclaimer & comment rulesTake your pick from THREE estimates for growth 'this year as a whole'.
Nov 08th, 2014 - 03:33 pm - Link - Report abuse 0AL three will be lower when adjusted for inflation, the lowest will in fact be negative.
Tell DumbAss Dilma to stop fucking with Mr. Market otherwise he will come back to bite her, AGAIN.
Her mate in Caracas hasn't got a clue either.
Nov 08th, 2014 - 04:28 pm - Link - Report abuse 0Inflation at 60%.
So Maduro gives the military a 45% payrise and gives the 'workers' a 15% raise in the minimum wage.
He then claims that venezuelans 'enjoy' the highest minimum wage in Latin America of US$776/month.
This is a lie, based on the official exchange-rate of 6.3BSF/$.
The reality is actually closer to US$48/month.
The 'dolar parallelo' is currently trading at BSF102/$.
The queues for chicken/cooking oil/shampoo stretch to 3 hours now. The first people to exit the stores immediately go to the street market and re-sell for 10xprice. Perhaps these people are the 'economic terrorists' that the Left in Lat Am are always complaining about?
Life in a socialist paradise. Some people just don't get it.
@ 2 ilsen
Nov 08th, 2014 - 06:28 pm - Link - Report abuse 0“Life in a socialist paradise. Some people just don't get it.”
Yes, the poor sods with no connections to MADuro and his 'bodyguard' by the sound of it.
The Left in VZNLA is starting to split now. Some of the real workers are up in arms that MADuro and his cronies and hundreds more of the high level administration, (connect to Maduro), are sporting Rolexes, drive Hummers or very high-end SUVs and have easy access to USD.
Nov 08th, 2014 - 07:57 pm - Link - Report abuse 0Equally the Military is riding high.
Molero Bellavía, former defence minister and one of the worst students of his class at the military academy, is ambassador in Brazil.
The Maduro regime has appointed Wilmer Barrientos ambassador to Canada. He went to the military academy and graduated in the same class as Hugo Chávez. Barrientos was active in the bloody coup of February 1992. He was one of the officers who took over the Paramacuay military base located north of Valencia.
Military man Alí Uzcátegui Duque is ambassador in Austria. Arévalo Méndez Romero, another man of the guns, is the ambassador in Chile. Hugo García Hernández is the one in Mexico. There are many more like that. Basically if you are a military and you got close to Chávez, you have chances of becoming an ambassador even if, or particularly if, you are a f*cking idiot.
Several of the Venezuelan 'diplomats' at the embassy in the UK are military, not just the military attaché.
Lucas Rincón Romero, another military, is Venezuela's current ambassador to Portugal. The ambassador to Russia, Juan Vicente Paredes Torrealba, is another military honcho. The list goes on but I am constrained by the word count.
Meanwhile, Venezuela is getting $72.8 for each oil barrel it exports. That's a drop of over 25 dollars per barrel compared to 2013.
Not sure how long they can keep this charade up if the oil price really staarts to slide. They still owe Brazil an awful lot of dosh too...
:-)
Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!