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An Angry Brazil Calls On US To Change Its Policy Stance

Tyler Durden's picture





 

Today's preemptive currency war salvo comes courtesy of Brazil's finance minister Guido Mantega.

  • BRAZIL'S MANTEGA CALLS ON U.S. TO CHANGE ITS POLICY STANCE

Hey Guido, join 99% of America. Worst case you can put your Playboy-posing daughter on prime time TV to tell the idiot American public that the Fed is destroying it.

More as we see it.

And here is a gratuitous picture of Marina Mantega. Perhaps now America will finally listen.

 

And here is another

 


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Thu, 11/04/2010 - 11:17 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

99% of America does not even know what America's policy stance is regarding the dollar.

http://www.youtube.com/watch?v=l8BRbM52gpc

Thu, 11/04/2010 - 11:19 | Link to Comment SheepDog-One
SheepDog-One's picture

True, 99% of americans couldnt define 'inflation' or have any what 'QE' is or any of the rest of it....theyre told all is well and prices havent shot up yet so they feel no pain on 99 weeks of unemployment. And thats why the FED and Wall St and govt can get away with what theyre doing. Hell, most americans today feel they WON something by the meet the new boss same as the old boss election!

Thu, 11/04/2010 - 11:22 | Link to Comment Sean7k
Sean7k's picture

I think Mariana's breasts are a good example of inflation through quantitative silicone easing. 

Thu, 11/04/2010 - 11:49 | Link to Comment FEDbuster
FEDbuster's picture

I think Robotrader could post a chart of her growth.

Thu, 11/04/2010 - 11:51 | Link to Comment Instant Karma
Instant Karma's picture

Got to love Brazil. EWZ for me.

Thu, 11/04/2010 - 11:53 | Link to Comment Turd Ferguson
Turd Ferguson's picture

Stop the presses!!

I think I just found my new screen saver.

Thu, 11/04/2010 - 12:59 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

Divided and conquered.

Thu, 11/04/2010 - 12:11 | Link to Comment ZackAttack
ZackAttack's picture

Blond spreads are widening.

Thu, 11/04/2010 - 12:16 | Link to Comment desgust
desgust's picture

EXACTLY my first thought!

Inflated like NYSE!

Thu, 11/04/2010 - 11:33 | Link to Comment TheDriver
TheDriver's picture

99% of America does not understand what Federal Reserve Notes are.

Thu, 11/04/2010 - 12:02 | Link to Comment outamyeffinway
outamyeffinway's picture

You are generous.

Thu, 11/04/2010 - 13:47 | Link to Comment Cruel Aid
Cruel Aid's picture

I found a silver certificate in my wallet one day. It stuck out like a sore thumb. I treasure it today.

Thu, 11/04/2010 - 12:52 | Link to Comment thislittlepiggy
thislittlepiggy's picture

Make love, not currency war!

Thu, 11/04/2010 - 11:16 | Link to Comment Ragnarok
Ragnarok's picture

Just tax the shit out of incoming dollars and buy gold. Fuck. Someone give me a job as a BRIC central banker.

Thu, 11/04/2010 - 11:17 | Link to Comment cxl9
cxl9's picture

Brazilian women are hot.

I have nothing further to add to the discussion.

 

Thu, 11/04/2010 - 11:19 | Link to Comment gwar5
gwar5's picture

The hottest.

"HELP" Disco -- Rio? OMFG

Thu, 11/04/2010 - 11:29 | Link to Comment swissinv
swissinv's picture

Gwar, try it with Gloria next time ;)

Thu, 11/04/2010 - 12:57 | Link to Comment trav7777
trav7777's picture

partial to Salvador, myself

Thu, 11/04/2010 - 13:04 | Link to Comment trav7777
trav7777's picture

dld

Thu, 11/04/2010 - 11:27 | Link to Comment swissinv
swissinv's picture

they are not getting horny with a low USD... Bitchezz

Thu, 11/04/2010 - 12:07 | Link to Comment margaris
margaris's picture

agreed

Thu, 11/04/2010 - 12:48 | Link to Comment Vergeltung
Vergeltung's picture

their percentage of hotness is certainly WAY up there....

Thu, 11/04/2010 - 11:17 | Link to Comment gwar5
gwar5's picture

Jeeez, this is going to get interesting. Why didn't he say something louder before Ben did something?

Too late bro', buy gold or pump more oil

Thu, 11/04/2010 - 11:54 | Link to Comment potatomafia
potatomafia's picture

Peter Schiff will be proven right again....  We are flooding the world with dollars, creating distortions everywhere, and eventually they will say FU to the dollar.

 

 

Thu, 11/04/2010 - 11:18 | Link to Comment Qoheleth
Qoheleth's picture

Sorry, Mantega, we're run by undisciplined children who believe in fairy tales.

Thu, 11/04/2010 - 12:07 | Link to Comment Azannoth
Azannoth's picture

If you mean the voting public that youre 100% correct

Thu, 11/04/2010 - 11:19 | Link to Comment espirit
espirit's picture

Short BennieBux, long physical PM's.

Thu, 11/04/2010 - 11:20 | Link to Comment Spalding_Smailes
Spalding_Smailes's picture

Would you like some inflation with your coffee ...?

Thu, 11/04/2010 - 11:20 | Link to Comment Spartan
Spartan's picture

Its interesting the markets I track for a European Energy Trader, coal, european power, european gas and carbon (fairly isolated from joe public) are not drinking todays kool aid....

Thu, 11/04/2010 - 11:23 | Link to Comment Rick64
Rick64's picture

And here is a gratuitous picture of Marina Mantega. Perhaps now America will finally listen.

Can she dance? Put her on dancing with the stars then you can reach the U.S. public

Thu, 11/04/2010 - 13:01 | Link to Comment Mariposa de Oro
Mariposa de Oro's picture

Can she mud wrestle?  Marina+Snookie= 200 Million eyeballs glued to TeeVee....if mud isn't your thing how about coleslaw?  Then you guys cans can fistfight to see who gets to help her clean up.  No towels allowed....

;o>

Thu, 11/04/2010 - 11:23 | Link to Comment Clark_Griswold ...
Clark_Griswold Hedge Mnger's picture

I had a comment to add but lost my train of thought while reviewing the Brazilian Trade,.. "Graph(s)".....?!

Thu, 11/04/2010 - 11:25 | Link to Comment doolittlegeorge
doolittlegeorge's picture

That's ADMIRAL Bernanke, MOFO!  (When I'm not "Huggy Bear Bernanke with my honey's and homey's of course.)  Now--"who's gonna play Liberace"?  Originally I was going to cast Warren Buffet as he "testifies before Congresss."  I'm still sticking with that.  I am being serious btw.

Thu, 11/04/2010 - 12:22 | Link to Comment knukles
knukles's picture

Testicles before Congress? 

Thu, 11/04/2010 - 11:28 | Link to Comment vs an army all alone
vs an army all alone's picture

OK, that will do Tyler I'm moving to Brazil

Thu, 11/04/2010 - 12:51 | Link to Comment Shameful
Shameful's picture

And if you knock one of those fine young ladies up no extradition till the kid is an adult. Or just get citizenship by marring one.

Will say I would love her telling me about monetary policy...hell maybe if she did the TV heads might listen :)

Thu, 11/04/2010 - 11:26 | Link to Comment espirit
espirit's picture

Guido-

You must not have gotten the memo Ben & Tim released, in short they said "Screw Everybody" except amerikan banksters.

Thu, 11/04/2010 - 11:27 | Link to Comment Rick64
Rick64's picture

Brazil if your angry now just wait 6 months.  Hang in there we have a long way to go.

Thu, 11/04/2010 - 11:28 | Link to Comment Bruno the Bear
Bruno the Bear's picture

If I was Guido I'd be following Marina around daily with a shotgun to aim at any male that got within 50 feet of her.

Thu, 11/04/2010 - 11:29 | Link to Comment jus_lite_reading
jus_lite_reading's picture

The worst response was from China's Xia and Japan's Shirkawa or whatever the EFF his name is- "The Fed's QE is nothing compared to what we will bring to the table..."

Let the wars begin!

Thu, 11/04/2010 - 11:58 | Link to Comment Assetman
Assetman's picture

What the Fed is doing isn't Quantitative Easing...

... the more apt term is "Quantitative Sleazing".

If China does come to the table with something to counter the Sleazing effect, this is going to end up being more costly than a $600 billion stealth tax increase.

Thu, 11/04/2010 - 12:23 | Link to Comment jus_lite_reading
jus_lite_reading's picture

That is why according to my "theory", the situation will be self perpetuating until the last man is standing. At which time, the entire world is thrown in chaos and pandemonium. That being said, I expect a war to break out well in advance of that.

Perhaps those with the least possessions will fare the best! Which brings me back to the simple life of africans and such peoples who will fare much better than lazy americans who can't live 2 hours without a TV remote control or microwavable pizza.

Thu, 11/04/2010 - 13:06 | Link to Comment trav7777
trav7777's picture

yeah, river blindness and dying of malnutrition are much preferred

Thu, 11/04/2010 - 14:16 | Link to Comment jus_lite_reading
jus_lite_reading's picture

Funny, but that is not the point. Without technology and advancements in pharmacology, the average american won't last a few days without his "flu shots" and Advil. Please, don't get me started on how many people I know are on 3-4 meds "to keep the alive." Bloodpressure meds, cholesterol meds, antiangina meds etc etc.

 

I'm not advocating moving to Afrika or putting yourself in that situation but rather, cutting back to bare essentials... get ready to do without them.

Thu, 11/04/2010 - 16:34 | Link to Comment Sokhmate
Sokhmate's picture

I agree. I've cut back to the two bare essentials in my life: good sex and healthy food.

Thu, 11/04/2010 - 13:06 | Link to Comment Mariposa de Oro
Mariposa de Oro's picture

Well said!  If I'm going to be poor, I'd rather be around people who know how to be poor than a bunch of formerly spoiled but presently shell shocked Americans.  At least experienced poor people know what's important in life.

Thu, 11/04/2010 - 11:30 | Link to Comment usexpat
usexpat's picture

Tyler, could you please dig up a few videos clips from CNBC from earlier this year in which NUMEROUS analysts said the Euro was in freefall and would reach parity with the dollar. They should be shamed too.

Thu, 11/04/2010 - 12:28 | Link to Comment jus_lite_reading
jus_lite_reading's picture

Back in 2008, I called the fall of the EURO and said the EURUSD would hit at least 1.20, perhaps 1.10. I didn't know what would happen after that.

 

Now, I have been able to map out the next few months- the EURUSD should rise until the bad news leaks out that Greece is allowed to default, along with Ireland and Portugal. The ECB will say that things "are worse than they expected" and the EURUSD will hit 1.20 once again, until the next round of QE III which I expect to be within 6 months as they STEP up their purchases and the dollar falls to 1,45 again.

Thu, 11/04/2010 - 11:30 | Link to Comment mohadiep
mohadiep's picture

nice tits

Thu, 11/04/2010 - 12:06 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

The upholstered chair is spectacular.

Thu, 11/04/2010 - 12:24 | Link to Comment knukles
knukles's picture

Right near the bottom of the cushion.  Is that the material unravelling or.......

Thu, 11/04/2010 - 13:10 | Link to Comment Mariposa de Oro
Mariposa de Oro's picture

Your wife is looking over your shoulder, isn't she?

:o)

Thu, 11/04/2010 - 11:34 | Link to Comment Rider
Rider's picture

"Idiot American Public"

All was said.

Thu, 11/04/2010 - 11:34 | Link to Comment lsbumblebee
lsbumblebee's picture

Mmmm. Brazilian marmelada. Delicious.

Thu, 11/04/2010 - 11:41 | Link to Comment Whatta
Whatta's picture

And here is a gratuitous picture of Marina Mantega

 

geebus, i'd like to wrassle wit dat! pin me 'tween them legs til i cry like a bonus reneged wall street 'ho.

 

 

 

Thu, 11/04/2010 - 11:42 | Link to Comment Hondo
Hondo's picture

Done!  All dollars converted and off to Brazil....good luck America.

Thu, 11/04/2010 - 11:51 | Link to Comment SumoPower
SumoPower's picture

she worked in a bm&f brokerage house in bz... she was terrible back then. nothing like some nip and tuck and photoshop...

Thu, 11/04/2010 - 11:53 | Link to Comment SheHunter
SheHunter's picture

Anyone who can figure a way to make a few good bucks has my high five be it showing off skin to the hungry masses or selling initialized pencils on a street corner.  That said, if Bernie Boy really wants the market to rally he'll jump the $USD up a good chunk this afternoon to force equities down thereby making the 'small' investors feel like they are seeing an entry point.

Thu, 11/04/2010 - 11:56 | Link to Comment John McCloy
John McCloy's picture

I finally relent. Closing my shorts and going long 2x Silver ETF by next week. I knew that they would not stop until they had created the most dangerous bubble of all-time but I did not believe they could actually achieve this. Fundamentals, valuations and accounting no longer matter and neither does unemployment. They will steal every dollar from the future to create growth now and debt be damned.

The entire stock market has been nationalized and nobody but a few are aware of it.

Thu, 11/04/2010 - 11:59 | Link to Comment SheHunter
SheHunter's picture

Just now cashing out on the shorts?  Ouch.  Hopefully you had some good hedges lurking in the background my friend!   

Thu, 11/04/2010 - 12:06 | Link to Comment gwar5
gwar5's picture

so you were the short cover we were waiting on

Thu, 11/04/2010 - 12:03 | Link to Comment DosZap
DosZap's picture

jus lite

"The worst response was from China's Xia and Japan's Shirkawa or whatever the EFF his name is- "The Fed's QE is nothing compared to what we will bring to the table..."

 

What will they do??.......

Thu, 11/04/2010 - 12:31 | Link to Comment jus_lite_reading
jus_lite_reading's picture

The Japanese version of QE, on orders of magnitude. The Chinese, I'm not so sure about. They are really stuck.

Thu, 11/04/2010 - 12:05 | Link to Comment gwar5
gwar5's picture

Nice set of updates

Thu, 11/04/2010 - 12:10 | Link to Comment Central Wanker
Central Wanker's picture

They have my divided attention.

Thu, 11/04/2010 - 12:14 | Link to Comment MarketTruth
MarketTruth's picture

Hey Robo, that is a real woman, not those cocaine snorting stick figures you seem to post all the time. Lil spinners break easily too, real men need something more... durable.

Though yes, she is a bit too chunky so perhaps something inbetween your anorexic women and her.

Thu, 11/04/2010 - 12:12 | Link to Comment Superdrol
Superdrol's picture

You can tell she is pretty overweight even with the airbrushing.  Playboy has lowered their standards.

Thu, 11/04/2010 - 13:42 | Link to Comment notadouche
notadouche's picture

yes but her fat looks a lot better than my wife's fat.

Thu, 11/04/2010 - 15:44 | Link to Comment Superdrol
Superdrol's picture

Hm. touche........touche.......

Thu, 11/04/2010 - 12:13 | Link to Comment Common_Cents22
Common_Cents22's picture

The net and google images will playboy out of biz,  but I thought people subscribed for the articles?

 

I'm long brazilian women!

Thu, 11/04/2010 - 12:19 | Link to Comment Superdrol
Superdrol's picture

I closed out my shorts yesterday after the market did not sell off after the QE announcement.  I kept it small though.  It will be a good trade at some point to get short, but probably not for awhile.

Thu, 11/04/2010 - 12:25 | Link to Comment francois
francois's picture

My shorts are rising, for some reason....

Thu, 11/04/2010 - 12:27 | Link to Comment anony
anony's picture

She's too short.  What a waste of pulchritude.

This proves there is no god or she's a very jealous bitch what with all the a-b cups runnin' around seeking silicone.

 

Thu, 11/04/2010 - 12:33 | Link to Comment knukles
knukles's picture

(In voice of Tony Soprano, Ben Bernanke to Guido, governor of the Brazilian Cambio de Exchange)

Guido, you little pissant excuse for a Dego, what I'm talkin' about, you listenin' to me you little fat fuck, is the fuckin' money you owes tah me.  And we're changin' the debt, maybe even make it easier for you, Guido. (Slap!)  Now listen real fuckin' good, because that skank daughter of yours lifes depends on it, uh?  And I don't fuckin' mean diapers, neither, ya' little eggplant.
We don't want our dollars a'back.  We want your pesetas or whatever the shit's called you use for money.  Lots of pesetas, and we want 'em marked, real, new, fresh.  Got it?

No Fucking Dollars!
None of that ass wipe paper any more. 

No Dollars!

Capiche? 

(Sound of the Pauls cheering.) 

Thu, 11/04/2010 - 13:14 | Link to Comment faustian bargain
faustian bargain's picture

I like boobies.

Thu, 11/04/2010 - 13:22 | Link to Comment knukles
knukles's picture

+DD

Thu, 11/04/2010 - 15:45 | Link to Comment Problem Is
Problem Is's picture

David Alan Grier: "You mean... big breasteses?"

Thu, 11/04/2010 - 13:14 | Link to Comment trav7777
trav7777's picture

OMG, NO...the Real might appreciate and kill Brazil's ability to be a China-like protectionist mercantile ponzi.  We CANNOT have that!

Thu, 11/04/2010 - 13:33 | Link to Comment 99er
99er's picture

*

Thu, 11/04/2010 - 13:33 | Link to Comment 99er
99er's picture

*

Thu, 11/04/2010 - 13:47 | Link to Comment SlorgGamma
SlorgGamma's picture

Remember the distant, prehistoric days of 1991? When Russia was being plundered by corrupt oligarchs, Brazil was a sick joke of an economy, China's middle class was nonexistent, and India had just run out of forex reserves?

Now it's the US which is being plundered by corrupt oligarchs, its economy is a sick joke, its middle class is nonexistent, and its currency is about to lose world reserve status -- and it's the BRICs who are bursting with American-style innovation, balanced growth and self-confidence.

Thu, 11/04/2010 - 13:50 | Link to Comment SheepDog-One
SheepDog-One's picture

Seems to me today shows QE2 and POMO is another failure, US $LOLar down 1.2%, DOW up 1%, gold/silver up 3.5%. How is that not a stock pumping failure?

Thu, 11/04/2010 - 13:58 | Link to Comment jimijon
jimijon's picture

I am all ears!

Thu, 11/04/2010 - 14:58 | Link to Comment CurrencySpider
CurrencySpider's picture

"The USA's economic decline and influence along with the rise of the BRICS with increasing living standards is the only way to win the war against terror and future state/multinational terror supported groups."

 

Dr. Meli

 

 

 

Thu, 11/04/2010 - 15:40 | Link to Comment Problem Is
Problem Is's picture

Marina Mantega for Secretary of the US Treasury...
She makes CNBC Anchorettes look like flat chested dog faced tom-boys...

Marina Mantega's chest makes Erin "Mannish-Boy" Burnett's chest look like negative equity...

Burnett's chest a "sunk" cost?

Thu, 11/04/2010 - 18:24 | Link to Comment Buck Johnson
Buck Johnson's picture

Very good.

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