Brazilian cocktail: Wall Street, oil prices, truckers strike and a weak government

Tuesday, May 29th 2018 - 08:48 UTC

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A nationwide protest by Brazilian truckers was slow to unwind on Monday, even after the week-long demonstrations against diesel price hikes got the government to cave to their demands, causing stocks and the currency to slide. Read full article

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Eric Ehrmann
Mainstream print, TV and online media all keeping public on edge, are focused on sensationalist articles describing price gouging on basic food items, hospitals lacking medicines and decline in Rio, Sampa and in the predominantly caucasian southern states of Brazil, limited public transportation etc. But you can find same media behavior in US during hurricaines, other weather “porn”. Temer, who took adveice of PR consultants in January to amp up 'the enemy within' meme (to justify military interventions) started throwing around names like Cosa Nostra and Camorra (Neapolitan 'mafia') in his speeches. Now a key member of his 'shock troops' namely minister Carlos Marun, is positing that the truckers syndicate(s) union(s) have been 'infiltrated'. But it the meme seems to imply that the 'filtration'
May 29th, 2018 - 11:51 am - Link - Report abuse 0
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:o))
In Brazil, where the only way of transportation - mass transportation - is by land; inflation [and pollution] is directly proportional to the Oil-Consumption & the Oil-Prices. The Oil which mostly has to be imported; thus reducing the Foreign Exchange Reserves, drastically.

This is the result of the scheming lobbyists who represent their strong disinterest in:
- the cheaper alternatives of transport
- the vehicles which needn't necessarily run on oil alone
- R&D of the alternative & sustainable “Green-Energy”
May 29th, 2018 - 12:03 pm - Link - Report abuse 0
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Eric Ehrmann
picking up where comment software inadvertently posted my previous comment... 'infiltration” has come from the Brazilian 'left' including supporters of Lula, and even Dilma. But these days, who doesn't infiltrate... Also the charge that companies have 'locked out' truckers seems to be considered by mainstream media gatekeepers as a conspiracy theory. The blame game is now underway. Mainstream meda has suggested General Sergio Etchegoyen Westfalen, who heads the 'president's' Instutional Security Cabinet and the ABIN civilian intelligence ageny, has not provided the presidency with accurate predictive intelligence about the 'parylization' and its impact. Etchegoyen's grandfather was young army officer who was an early supporter of the Novo Estado headed by president Vargas, and later became an army general, police chief of Rio inter alia. His father, also became an army general, was a power broker at the influential Rio Military Club and worked in the intelligence business during the (1964-85) military governents. So it's not like he doesn't know what he's doing. It just might not be on Temer's behalf... Meanwhile mainnstream daily Folha has published a piece quoting multiple sources to wit that Temer may not finish out his remaining 7 months in office.
https://www1.folha.uol.com.br/poder/2018/05/cresce-chance-de-temer-nao-terminar-mandato-dizem-membros-do-congresso-e-stf.shtml
May 29th, 2018 - 04:21 pm - Link - Report abuse 0
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DemonTree
At this point so close to the election getting rid of Temer would surely destabilise the country even more, and besides, who would even want to replace him? Or are you suggesting the military might step in?
May 29th, 2018 - 11:35 pm - Link - Report abuse 0
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:o))
The pukeworthy Brazilian Cocktail:
From Bloomberg: “Brazil Election Coverage”:
https://www.bloomberg.com/graphics/2018-brazil-election/?cmpid=socialflow-twitter-business&utm_content=business&utm_source=twitter&utm_campaign=socialflow-organic&utm_medium=social
May 30th, 2018 - 04:20 pm - Link - Report abuse 0
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Enrique Massot
A fitting end for a government that was propped into place through a soft coup, and a sample of what greed and contempt for most layers of the population may bring to a country.

Of course, keeping the October presidential election as scheduled and allow for the democratic participation of all candidates -- yes, including Lula da Silva -- is the best way to take Brazil out of this mess.
May 31st, 2018 - 05:44 pm - Link - Report abuse 0
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:o))
And The Joke is:
https://noticias.uol.com.br/politica/eleicoes/2018/noticias/agencia-estado/2018/05/31/lula-tem-condicoes-de-participar-das-eleicoes-e-ser-eleito-diz-dilma.htm?utm_source=twitter&utm_medium=social_organico&utm_campaign=noticias&utm_content=geral
May 31st, 2018 - 11:06 pm - Link - Report abuse 0
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