MercoPress. South Atlantic News Agency
The Brazilian currency slides past three to the dollar, fist time since 2004
Brazil's currency, the Real slid past three to the dollar (3.01) for the first time in 10 years on Thursday, in the latest sign of weakness of Latin America's largest economy. Read full article
Comments
Disclaimer & comment rulesI am sure that DumbAss Dilma is imagining herself as the captain of a massive nuclear submarine.
Mar 06th, 2015 - 10:53 am - Link - Report abuse 0She has just found out that the controls won't do what she wants them to.
Tanks are 'flooded', bowplanes locked in 'down' and the reactor core is in critical overload through putting full power on 'ahead'.
It's going to be a miracle is she avoids hitting the bottom before the whole thing implodes around her.
Oh dear!
The currency market is floating in Brazil. The government observes and causes little interference. The dollar depreciated in 2010, 2011, 2012 ... the government did nothing.
Mar 06th, 2015 - 12:56 pm - Link - Report abuse 0Interestingly, the dollar market, or any other currency, are moved by a few players and never move more than 5 or 6 billion REAL daily.
This is not a market where I would bet my chips.
What she needs I a false miracle,
Mar 06th, 2015 - 01:59 pm - Link - Report abuse 0a bit like CFK and her magic Malvinas 50-pesky bill.....lol
“Sugar, coffee and orange-juice futures tumbled Tuesday as a weak Brazilian currency encouraged growers and exporters there to sell the commodities onto already oversupplied global markets.”
Mar 06th, 2015 - 02:36 pm - Link - Report abuse 0http://www.wsj.com/articles/sugar-coffee-and-orange-juice-slide-on-weaker-brazilian-real-1425414869
The Real's lowest level in ten years. I suspect this slide will continue and then the curruption probe hit's full swing and those politicians start seeing jail time......Fatass Dilma will be on the chopping block. She is either not going to survive.....or the direction she moved Brazil to bring it to the current mess it is in will change drastically.
Any bets.....impeachment......or draconian cuts in socialism?
http://www.wsj.com/articles/sugar-coffee-and-orange-juice-slide-on-weaker-brazilian-real-1425414869
@2. Always good to see Lulu engaging in 'low key negotiations' to find someone as bent as he is.
Mar 06th, 2015 - 02:42 pm - Link - Report abuse 0@4
Mar 06th, 2015 - 03:34 pm - Link - Report abuse 0When I lose money you claim!
When I make money you claim!
Fuck!
https://www.youtube.com/watch?v=JVxb2dXCXTY&list=FLmXPTu1f8AdGlizWNiASx2A&index=1
The Real is continuing its slide today. At some point Arg will have to match its decline to sell anything into Brazil.
Mar 06th, 2015 - 03:54 pm - Link - Report abuse 0Everything that Brazilians crowed about over the last decade was a lie. As I've said many times about Argentina and to a small extent Brazil all of this supposed change and growth story died with the rise of the U$.
They've made no fundamental changes to their economy or Society.
Giving poor people money won't do anything for them in the long term. But when the “free” money runs out then there will be trouble.
This is just the very beginning of the end of Brazil's Won Decade or is it One Decade?
If they are very lucky the Military will capture and shoot the corrupted Pol and their families and confiscate all the stolen loot.
If they are lucky
Psst...they're not lucky.
:)
Luck only if it is in love!
Mar 06th, 2015 - 03:59 pm - Link - Report abuse 0Brazil is the only country that can feed its people without the rest of the planet. If USA wants to continue Bigger is Better get slimmer!
https://www.youtube.com/watch?v=jUd-_WkFd7I&list=FLmXPTu1f8AdGlizWNiASx2A&index=3
Well then enjoy your surplus sugar, coffee and orange juice. Let's not forget soy....
Mar 06th, 2015 - 05:44 pm - Link - Report abuse 0Soy soup
Soy pasta....soy everything because no one is buying from Brazil. And Argentina:
“It’s too soon to say how much will be lost,” he said. “We won’t know for sure until farmers can access the fields to check it out.”
http://www.agweb.com/article/argentine-soybean-output-may-be-cut-on-worst-rain-in-50-years-blmg/
Must be bliss to be as stupid as you brasshole, you are clueless to how dire your country and economy is becoming.
http://www.agweb.com/article/argentine-soybean-output-may-be-cut-on-worst-rain-in-50-years-blmg/
“On Monday, the trade ministry said the country had a trade deficit of $2.8 billion in February, the worst result for the month since 1980. The 12-month result is now a deficit of $3.8 billion, compared with a $1.4 billion surplus in the same period ended in February 2014.”
Officially, Brazil’s direct public debt is around 65% of GDP - the highest among Bric nations. However, according to the credit ratings agency Moody’s, once indirect debt is factored in, the figure reaches 100%. This is due to guarantees for state-owned companies.
In the first two months of this year, 27 Brazilian companies suffered a rating downgrade. There were zero upgrades. Unable to borrow from private markets, companies need government funding.
“However, Brazil’s own sovereign credit rating is only a notch above junk, which combined with a weak real, means that borrowing is costly – and getting more so by the day. Spending on interest payments, which amounts to roughly 6% of Brazil’s GDP, already increased 25% last year compared to 2013. Ten-year bond yields are at 13% – the same level as sanction-hit Russia.”
http://www.agweb.com/article/argentine-soybean-output-may-be-cut-on-worst-rain-in-50-years-blmg/
Keep trolling through your idiotic youtubes as the rest of the world reads the news and sits on the sidelines as South America implodes with Brazil leading.
hahahaha
Mar 06th, 2015 - 05:56 pm - Link - Report abuse 0Is difficult to control all this, perhaps less atomic bombs and more oxygen pumps could solve.
Man, China is drooling to conquer us. And you speaking ill of us? What is another name I can call you?
IDIOT?
Let's see is that Fat Assed Dilma makes it to the summer.........my summer. A little more than 3 months to go.
Mar 06th, 2015 - 06:12 pm - Link - Report abuse 0http://www.buenosairesherald.com/article/183492/brazils-rousseff-races-to-contain-congress-revolt-over-austerity
http://www.buenosairesherald.com/article/183492/brazils-rousseff-races-to-contain-congress-revolt-over-austerity
http://www.buenosairesherald.com/article/183492/brazils-rousseff-races-to-contain-congress-revolt-over-austerity
Oh no.....rationing in Brazil!!?!?!??
http://www.buenosairesherald.com/article/183492/brazils-rousseff-races-to-contain-congress-revolt-over-austerity
”In addition, prices of vegetable have soared due to drought. São Paulo, the country’s economic powerhouse, which accounts for 30 percent of the country’s gross domestic product, is the most affected by the threat of a double rationing crisis, as both water and electricity (which mainly comes from hydro-fueled power plants) have become scarce.”
I don't feel sorry for you Brasshole only because you are so stupid you do not know any better, so your demise is beyond your comprehension. At least I recognized when my country was in recession. You are plainly too stupid.
Vá se fuder!
Mar 06th, 2015 - 08:52 pm - Link - Report abuse 0Such an intelligent comeback to your countries collapse. Poor brasshole.....
Mar 06th, 2015 - 09:16 pm - Link - Report abuse 0Se o golpe gourar, a gente vai fuder os Estados Unidos! 11 de setembro vai ser fichinha!
Mar 06th, 2015 - 09:25 pm - Link - Report abuse 0Your threats are meaningless. Brazil is going too attack the USA in a grander scale than 9/11? You are beyond pathetic. Deal with it, your country is in a free fall and on the verge of collapse. I suggest you be careful with your threats, however empty they may be.
Mar 06th, 2015 - 10:27 pm - Link - Report abuse 0BTW....are you dumb, dumber...or dumberest?
Oh no, someone broke Brasileiro!
Mar 06th, 2015 - 10:55 pm - Link - Report abuse 0I remember when Chavez said that if the USA invaded Venezuela they'd use blow guns on us.
Mar 06th, 2015 - 11:17 pm - Link - Report abuse 0My guess is these jungle dwellers have never played a Civilization building game.
The ones with the best technology and most war experience always...always win.
I am really surprised Brazil is in such bad shape. I know and have met many Brazilians and they are all hard working people. A good friend of mine said Brazil is so corrupt it is ruining the country... I guess he is right..
Mar 07th, 2015 - 12:27 am - Link - Report abuse 0Real = 3.6 at close..
Ohhhhh Brasshole ....come out and play. Be careful though when you make terrorist threats to the USA........just some advice.
Mar 07th, 2015 - 03:32 pm - Link - Report abuse 0@ 3 Briton
Mar 09th, 2015 - 06:32 am - Link - Report abuse 0“50-pesky bill.....lol”
admire your style, quite droll.
lol, indeed.
:-)
I think it would be more accurate to characterize this exchange rate change as a reevaluation of the USD. for the past 7 or eight years the US has had a policy of devaluing the dollar in order to promote domestic growth. Now that growth has returned the dollar is revaluing against most currencies including the Euro and the several British currencies such as the AUD, NZD and loonie. And so it is with the South American currencies.
Mar 10th, 2015 - 01:52 am - Link - Report abuse 0I cannot imaging that this revaluation has caught anybody by surprise. It has been forecast for some time.
21. It certainly caught the Brazilians by surprise.
Mar 10th, 2015 - 03:54 pm - Link - Report abuse 03.12/1
Bahahahahaha
and its not done yet
http://en.mercopress.com/2015/03/06/the-brazilian-currency-slides-past-three-to-the-dollar-fist-time-since-2004#comment385095: Certainly did not. There have been articles in the Brazilian press for over a year now that been addressed this issue. Its only a surprise for you Brits and your propaganda site, Mercopenguin.
Mar 11th, 2015 - 02:42 am - Link - Report abuse 0Again the value of the Real has been tracking the Euro and the several British currencies. But, of course, the suburban peasantry, such as you, do not understand any of this.
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