MercoPress. South Atlantic News Agency
Brazil's Real recovers ground after Central bank promises to use all 'instruments available'
Brazil's depressed currency rebounded Thursday after the head of its central bank vowed to use all instruments in its arsenal to curtail the Real's collapse. Earlier in the day the Real tumbled to an all-time low of 4.248 to the U.S. dollar, but bounced back to 4.023 after central bank President Alexandre Tombini, in an unscheduled press briefing, did not rule out selling part of the country's $371 billion foreign reserves to calm the exchange rate market. Read full article
Comments
Disclaimer & comment rulesAnd in Argentina the Blue Dollar broke the 16 peso mark despite government intervention.
Sep 25th, 2015 - 07:49 am - Link - Report abuse 0We must let the dollar to appreciate to the fullest. The important thing is not to accept the dollar as means of payment or investment, including in international trade.
Sep 25th, 2015 - 09:27 am - Link - Report abuse 0We must let the speculators, the Yankees and their companies die drowning in their own poison.
The dollar is worthless!
@2 Except it isn't. Your idealism won't work in reality. There is nothing wrong with idealism providing you accept the reality.
Sep 25th, 2015 - 09:44 am - Link - Report abuse 0Get back in your cell Nostril. Black is white. Stop means go,. A sphere is a cube. The dollar is worthless… Ravings of a sad lunatic!
Sep 25th, 2015 - 02:46 pm - Link - Report abuse 0You would have thought that “all instruments are available” has always been the case: it seems not.
Sep 25th, 2015 - 06:06 pm - Link - Report abuse 0Tromboni's little speech won't make investors come back while the corruption problem is yet to be bottomed out.
Do you mean speculators, isn't CryingR?
Sep 25th, 2015 - 07:06 pm - Link - Report abuse 0You can have them all!
@2 brASSHOLE
Sep 25th, 2015 - 07:50 pm - Link - Report abuse 0“We must let the dollar to appreciate to the fullest.”
Do you really understand what you are saying ? Don't think so. You are defending that the Real keep on devaluating until it is absolutely worthless. How brainless is that ? Then what currency should we adopt ? The Yuan ? the Argie Peso ?
Brazil's current situation is not the result of foreign speculation. It is the result of gross mismanagement by the government (overspending), causing investor's lack of confidence, and the unending corruption schemes promoted by the PT. Get rid of the PT, and the situation will start to improve.
Using Brazil's foreign exchange reserves to temporarily boost the Real would be a big mistake. This strategy always ends in tears.
Sep 25th, 2015 - 09:25 pm - Link - Report abuse 0It is better to sell all reserves in dollars and settle all internal and external debt.
Sep 25th, 2015 - 10:06 pm - Link - Report abuse 0De-dollarize the whole economy and work with Yuan from now.
9 Nostril, shut up you are just boring and fooling no one
Sep 25th, 2015 - 11:11 pm - Link - Report abuse 0Will this plan work? Why doesn't anyone call Dilma's regime out as deliberately destructive? It's going to work. It's going to let her and the ministers steal before generating an economic armageddon. It's in the cards for Argentina too BTW. The election is a distraction.
Sep 26th, 2015 - 02:21 am - Link - Report abuse 0Thank you Brasileidiot you always make my day with your extremely stupid posts - they make me roll on the floor laughing.
Sep 26th, 2015 - 05:24 am - Link - Report abuse 0Hello silly, you'll have to pay more than four reais for one single worthless dollar, which makes the real even more worthless.
Soon the vast majority of Brazilian debt will be in Yuan with many of its natural resources mortgaged to China at ridiculously favorable rates. In the end the Brazilian people (especially the poor) have been robbed by the socialist Worker's Party.
Sep 26th, 2015 - 05:54 pm - Link - Report abuse 0@9 brASSHOLE
Sep 26th, 2015 - 10:14 pm - Link - Report abuse 0Stupid to the 'n'th degree, as usual. Which one of your group is posting now ? the one with shit for brains, or the one with no brain at all ?
#14 Jack,
Sep 26th, 2015 - 10:49 pm - Link - Report abuse 0The sad fact is we have the same type of idiots here in Chile. Time for another operation Condor...
@15 Chicureo,
Sep 27th, 2015 - 02:21 pm - Link - Report abuse 0Come to think about it, quite a good idea.
Thankfully, soon, Brasiliero's internet connection will go down, for lack of dollars...
Sep 28th, 2015 - 03:00 am - Link - Report abuse 015 Chicureo
Sep 28th, 2015 - 06:07 pm - Link - Report abuse 0Thanks for revealing the the real you, as it was what I expected all along. So now the genie is out of the bottle you don't have to pretend anymore, happy slobbering.
”Operation Condor (Spanish: Operación Cóndor, also known as Plan Cóndor, Portuguese: Operação Condor) was a campaign of political repression and state terror involving intelligence operations and assassination of opponents, officially implemented in 1975 by the right-wing dictatorships of the Southern Cone of South America. The program was intended to eradicate communist or Soviet influence and ideas, and to suppress active or potential opposition movements against the participating governments.”
Due to its clandestine nature, the precise number of deaths directly attributable to Operation Condor is highly disputed. Some estimates are that at least 60,000 deaths can be attributed to Condor, and possibly more. Victims included dissidents
@18 Terence
Sep 29th, 2015 - 07:50 pm - Link - Report abuse 0How considerate you are to extend your 'thanks' to Chicureo for his 'revelations'. What are you now, besides being an idiot ? a psychiatrist ?
And thank for the translations/explanation...without your invaluable help we would never know what the “Operation Condor” was all about. It's a damned shame that you weren't one of the 'victims', since you have all the makings of a commie liberal.
Re my 46/yr 47 in “Argie officials furious w/annulment of gubernatorial elections”, this is not a debate ; therfore no rebuttal - just a sequence of events. But since you are the expert on the revolution of ‘64, pls explain why the Military decided suddenly to stage a coup, without - according to you - the slightest provocation ? And why refuse to tell us where you were in ‘64 ? Is it because you weren’t hatched yet and your ‘rebuttals’ are based on specific, carefully ‘selected’ articles, because they support your liberal views ? If you look far enough, you’ll find reports defending both sides, all depends whether the author is a communist pig or someone who defends freedom. For every person who condemns the takeover in ’64, you’ll find one that defends it ; You think your always right - but you should know that contradictory views do not mean that one necessarily excludes the other - it’s what is commonly known as having an “opinion”.
Having trouble understanding what you read ? When I told you I was in favour of the Military coup in ’64, you ignored the reason and twisted my words to suit your agenda. I was actually present before and during the events which lead up to it, and your bs cannot change that fact. Your 2nd link talks about Jango's communist reforms, and courting the Russians, which I suppose, represent absolutely no provocation whatsoever, and no threat to democratic principles..…right Terence ?
And why are you so obsessed with Hitler ? d'you secretly love him ?
Chicurero and i live in the same country but have drastically different predictions on where the peso is going. How the chinese will take over venezuela brazil and argentina to get these resources.... Thats a stretch. Ive been short chinese shares and continue to be as this unfolds. Hows dirtbag piñeras lan doing?
Sep 29th, 2015 - 11:08 pm - Link - Report abuse 019 Jack Bauer
Sep 29th, 2015 - 11:30 pm - Link - Report abuse 0So you can't show any proof that Jango was doing anything illegal. That the coup was based entirely on the speculation of what he might do. In other words those that weren't prepared to accept the outcome of the ballot box were more than happy to engage in treason.
Hitler comes to mind because the rational for the Military coup in '64 is exactly the same that he used. “It's a damned shame that you weren't one of the 'victims',” thank you for reconfirming you are a completely amoral supremacist, so I hit the nail right on the head concerning you.
As for your sophistry in claiming the coup can be rehabilitated as there are varying opinions doesn't hold up. As it's not what opinions you can bring but, what facts you can present.
“Knowledge of the world depends on the power of drawing general inferences from individual examples; and he is the most likely to be correct who has the greatest number of facts at his command.” CHARLES WILLIAM DAY, The Maxims, Experiences, and Observations of Agogos
It has absolutely no relevance but, 1964 I was finishing my stint in the military. Which included my active participation during the Cuban missile crisis on a base that was fully prepared to use it's nuclear deterrent. So there are some of us that aren't wannabes and have actually done their bit in defending the West from the USSR in a completely meaningful and honorable way.
@21 Terence
Sep 30th, 2015 - 06:34 pm - Link - Report abuse 0“So you can't show any proof that Jango was doing anything illegal. That the coup was based entirely on the speculation of what he might do.”
Well, now that is worthy of a true liberal, piece of shite. “Nothing illegal ? Based entirely on speculation” ?? Is that what you think ? Ok, so let him actually DO something illegal first, THEN we can try to right the wrong. That's real clever. As far as your 'speculation' goes, what was already happening had long ceased to be speculation, to become very clear signs of his intentions.
Whether relevant or not, thanks for saying what you were doing in 1964, but you haven't said “WHERE” you were.....That's what I want to know. Were you in Brazil, or somewhere else, because I don't remember Brazil's Military getting very involved in the Cuban Missile crisis, other than doing the US a favour or two.... or having nuclear deterrent.
And your claim of “defending the West from the USSR”, doesn't combine with you. You implicitely concede that you believe that the USSR was a menace to the West, yet you do not think that their attempt to encroach on Brazil in the early 60's, with Jango's encouragement, was worthy of notice. Awkward, eh ?
As a matter of fact, I was a Reserve Officer of the Brazilian Army . I never got to see any action, but I suppose that now, to feel superior, you are going to tell us you did, right ? Perhaps swilling out the bogs at the Officer's mess ?
22 Jack Bauer
Sep 30th, 2015 - 07:35 pm - Link - Report abuse 0By your convoluted logic it's okay to indulge in ex-judical killings as a preventive measure, just in case, of course. Have you ever sought treatment for this irrational paranoia?
”both Jango, and his brother-in-law, Brizola (the then RGS Governor), were self-proclaimed communists,“ 46 Jack Bauer http://en.mercopress.com/2015/09/18/argentine-officials-furious-with-court-annulment-of-gubernatorial-election is completely untrue, otherwise you would be able to produce evidence as such. Do you believe I'm that stupid that I'm going to accept carte-blanche your unsupported version of historical events?
João Goulart Communism
”Like many other progressive politicians of the Cold War era, Jango was accused of being a communist more than once. As a response to Carlos Lacerda, his most frequent accuser, he cited right-wing politicians also supported by the Brazilian Communist Party which the latter would not criticize. In an interview to the newspaper O Jornal, Jango declared: “regarding the communists, they have supported indistinctly candidates of several political affiliations, conservatives or populists. I do not wish to distinguish such support, but I will only allow myself this question: is perhaps Colonel Virgílio Távora a communist, just because, ostensibly, he accepts the support of communists in Ceará? How to say that the illustrious patriot of UDN Milton Campos is communist, for accepting, as he did in Minas, the same votes requested by Mr. Afonso Arinos here in Rio?”
Basic reforms
The main reason for Goulart's fall was his Basic Reforms plan (Reformas de Base), a group of social and economic measures of nationalist character that predicted a greater state intervention in the economy. Among the reforms were:
Education reform: it aimed to combat adult illiteracy with the widespread use of the pioneering teachings of Paulo Freire and his method. The government also proposed to hold a university reform and prohibited the operation of private schools
@23 Terence
Sep 30th, 2015 - 11:02 pm - Link - Report abuse 0Ok you liberal creep, deny what is public knowledge and believe whatever you want. I really couldn't care less about you, what you believe, your endless, ridiculous quotes, your quest for proof - which you ignore when it suits you - and God knows what else. You are a little man (man ?), with a large complex and a chip on your droopy shoulders, who chooses to ignore the truth because it conflicts with your liberal views....but you know what ? pull your head out of your arse, and get lost. I reckon the 5 minutes I've wasted on you today, is enough. But before you stick your head up your arse again, tell us WHERE (country) were you in 1964 ? Not WHAT you were doing. Jesus, are you THAT stupid ?
Ah, one more : since you read about Jango's “Reformas de Base”, weren't you able to grasp the communist philosohy behind them ? Obviously not. You are too thick.
23 Terence Hill Cont.
Oct 01st, 2015 - 12:04 am - Link - Report abuse 0“It was imposed that 15% of the income produced in Brazil would be directed to education.
Tax reform: control of any transfer of profits by multinational companies with headquarters abroad; the profit should be reinvested in Brazil. The income tax would be proportional to personal profit.
Electoral reform: extension of voting rights to illiterate people and low-ranking military officers.
Land reform: non-productive properties larger than 600 hectares would be expropriated and redistributed to the population by the government. At that time, the agricultural population was larger than the urban.”
https://en.wikipedia.org/wiki/João_Goulart
So his agenda was not that different to many post war, first world democracies and none of those nations turned into soviet satellites. Like I said, you're just a wannabe cold-war warrior who never was. “USSR..their attempt to encroach on Brazil”. Again if this were true there would be some evidence, but, of course the were unable to find one iota of proof even though the dictatorship held absolute control for twenty-two years.
24 Jack Bauer
So the “little man” is yourself as Brazil and all of SA was corrupted by the US. “Goulart had low parliamentarian support, as the USA had financed UDN's deputies and senators.” https://en.wikipedia.org/wiki/João_Goulart As the US foreign policy was then, “he may be an s.o.b but he's our s.o.b”. So you've spent a lifetime as a patsy of a foreign government. That at that time violated it's own constitution and all the constraints of international law. Whereas, I have always been my own man holding my own opinions, and never preferring the interests of another country against my own. So can go back to what you're best at, moving goal-posts
What's the difference between you and a sack of warm puke? Let me know if you come up with anything.
If bullshit could float...you'd be the Admiral of the fleet
You've got your head so far up your ass you can chew your foo
@25 Terence
Oct 01st, 2015 - 11:10 pm - Link - Report abuse 0I see you've done a little research....but haven't learned much.
Tax Reform : Limiting remittance of profits, specially of multinationals, to 10% of capital invested, excluding re-invested profits, would in effect make Brazil uninteresting to foreign investment. Large companies just pack up and leave, as several did in recent years, in Argentina. Or did Jango think that Brazil would survive by eating bananas ?
Electoral Reform: Extend voting rights to the illiterate ; we all know how that ends - masses of ignorant people, who can't think for themselves, being manipulated by unscrupulous governments. Ex: PT.
Land Reform : expropriating land over a certain size, up to 10 km, on either side of Federal / State highways. If the Fed Government already owned most of the land, why not distribute this, instead of targeting privately-owned land ? Those kicked off their land would be paid in treasury bonds, well below market value, redeemable over 10, 20 years - or immediately, if willing to take a big loss. Not to mention the provisions, in certain cases, where land could be confiscated without any compensation whatsoever. Truly democratic. We owned a fairly large tract of land, close to a Federal highway, so we knew what was at stake.
Urban property : Giving tenants the right to buy the houses they live in, price to be determined by the government, ignoring the basic right to ownership of private property. Democratic.
Jango's intended reforms got a lot of people pissed-off, so they reacted. Nothing wrong with. Just defending their interests. The public protest against Jango on 19 March '64, in SPaulo which took 500 to 800 thousand people to the streets, was the cue for the military to step in.
But of course, Jango was a democrat. Not a commie. Right ?
And WHERE were you in 1964 ? not in Brazil.
“I have always been my own man holding my own opinions,....” weak joke.
26 Jack Bauer
Oct 02nd, 2015 - 03:08 am - Link - Report abuse 0”both Jango, and his brother-in-law, Brizola (the then RGS Governor), were self-proclaimed communists,..Jango was a democrat. Not a commie..“ Jack Bauer.
”However, Goulart's “crime” is to try to continue Quadros' independent foreign policy, strongly opposed to the US sanctions against Cuba. “[Brazil identies itself] with the democratic principles which unite the peoples of the West” but is “not part of any politico-military bloc” speech to US Congress, New York Times 4/5/62.
“Inconveniently, the US can point to nothing even remotely threatening done by the Brazilian Communist Party, and early in 1964, Russian leader Khrushchev refuses even token financial aid to Goulart, not wishing to tangle with the US over the country.” Brazil Herald, 3/6/64
The American overthrow of Goulart
“In 1964, with US Ambassador Lincoln Gordon's promises of immediate recognition and petroleum support, and with a US Navy task force an aircraft carrier, destroyers, guided missiles in Brazilian coastal waters, US-armed elements in the military advance upon Rio with troops and tanks. Not wanting to be responsible for bloodshed among Brazilians, Goulart refuses to call on loyalist forces and flees to Uruguay. Washington Post, 4/3/64”
“Well, Goulart got what was coming to him. Too bad he didn't follow the advice we gave him when I was there.” Robert Kennedy, US Attorney General
”Quadros' resignation in August 1961 (due to 'forças ocultas' - never satisfactorily explained)“46 Jack Bauer. My my another porker, you think I'm unable to figure out your bullshit.
'After seven months in office, Quadros suddenly resigns, apparently under military threat, blaming his predicament on ”reactionaries“ and ”the ambitions of groups of individuals, some of whom are foreigners the terrible forces that arose against me.“ A few months later, Quadros delivers a speech naming the US officials who contributed to his downfall. He also announces his intention to lead a ”peoples crusade” against the
@27 Terence
Oct 02nd, 2015 - 02:37 pm - Link - Report abuse 0The fact that you need to resort to excerpts from political reports to try to impose your views, to 'other' people's opinions - as long as they coincide with yours - as well as ignoring what you don't like, makes you and your posts quite irrelevant. You have no first-hand experience of anything that went on in Brazil at the time - because you were somewhere else 'finishing your stint in the military' (probably just obligatory 'military service', where all you did was run errands for the officers), and you think that makes you an expert on Brazilian politics. You've already made serious gaffes, which you tried unsuccessfully to bs your way out of......give it a rest, genius ! And don't bother sending the continuation of your # 27. Am not interested.
27 Terence Hill Cont.
Oct 02nd, 2015 - 03:34 pm - Link - Report abuse 0..against the “reactionaries, the corrupt and the Communists.” New York Times 3/16/62
'Quadros refuses a US demand for support of the impending Bay of Pigs invasion of Cuba, $300 million “offered as a bribe” by Kennedy's advisor on Latin American affairs', John Moors Cabot, US Ambassador to Brazil
“And it is under this regime that Latin America first sees torture and death squads, …underwritten by the US.” Chomsky and Herman, The Washington Connection and Third World Fascism.
“Tortures range from ….Pregnant women are forced to watch their husbands being tortured. Other wives are hung naked beside their husbands and given electric shocks on the sexual parts of their body, while subjected to the worst kind of obscenities. Children are tortured before their parents and vice versa. At least one child, the three month old baby of Vergilio Gomes da Silva is reported to have died under police torture. The length of sessions …Sometimes continued for days at a time.” Amnesty International, 1974
“Dan Mitrione begins his career in Brazil, his organization the ”Office of Public Safety“ training over 100,000 policemen, in addition to 523 receiving more advanced instruction in the US.” US Agency for International Development, 1971 report
”Judge Agamemnon Duarte indicates that the CCC [Commandos to Hunt Communists, a death squad armed and aided by the police] and the CIA are implicated in the murder of Father Henrique Neto. He admits that the American Secret Service (CIA) is behind the CCC.“ Jornal do Brazil, 5/25/72
So your coup was manufactured in the ”good old US of A” with the complicity of your bribed politicians, just like Chile's and Argentina's, so much for independent thinking, you were just their bitch, and still don't have a clue as to what really happened.
@29 Terence
Oct 03rd, 2015 - 10:42 pm - Link - Report abuse 0What don't you understand about “Am not interested” ? what an idiot. Go back to cleaning latrines, and get high on the fumes.
30 Jack Bauer
Oct 03rd, 2015 - 11:10 pm - Link - Report abuse 0So once again my proofs are so overwhelming that you are left with nothing more than your childish personal attacks. So you can chalk that up as one more loss, loser.
“We must make a personal attack when there is no argumentative basis for our speech.” Cicero, Pro Flacco, c.58. B.C
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