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Dilma Rousseff Re-elected As Brazil President
In what is sure to be a major risk-off move for the Bovespa, and Latin American risk in general, moments ago the newswires blasted that in what was expected to be a very closely contested election, incumbent President Dilma Rousseff has 50.99% of valid votes vs 49.01% for challenger Aecio Neves with 95% of ballots counted, according to Brazil electoral court website.
And while the TSE hasn’t yet declared a winner, Folha newspaper just blasted Rouseff as Brazil's re-elected leader.

The good news is that the Bovespa will no longer trade like a Nikkei225 on steroids, violently surging or plunging by 5% based on the latest propaganda election poll.
As for those wondering if this will be just the right amount of "bad news is good news" for the algos to surge on yet another bout of flashing red negative headlines for global growth - at least in a narrowly Keynesian sense: recall that Brazil, i.e., Rousseff, has been getting far too cozy with Putin in recent months to be on Obama and the IMF's Christmas present list - we hope to find out shortly: as of this moment, ES is a tepid 1.25 higher.
* * *
For those who haven't followed the vote and its implications, some background from the BBC:
Voting has ended in Brazil in one of the most bitterly-contested and tightest presidential elections.
Left-leaning President Dilma Rousseff faced centrist Aecio Neves of the Brazilian Social Democracy Party (PSDB) in the second round run-off.
Both candidates have fought to try to convince voters they can lift more Brazilians out of poverty and kick-start Latin America's largest economy.
On Saturday, opinion polls gave Ms Rousseff a slight lead over Mr Neves.
More than 140 million Brazilians voted across three time zones. Results are expected soon.
Correspondents say the middle class vote in Brazil's industrial southeast will be crucial.
Ms Rousseff voted early in the southern city of Porto Alegre, where she lived and developed her political career in the 1990s.
Mr Neves cast his ballot in the city of Belo Horizonte, where he served as governor of the southern swing-state of Minas Gerais for eight years.
At the scene: Wyre Davies, BBC News, Rio de Janeiro
In the sprawling Rio de Janeiro favela of Rocinha, support for the opposition presidential candidate, Aecio Neves, was thin on the ground this morning, but there's still plenty for voters to mull over.
This is a working class area where the incumbent, Dilma Rousseff, might be expected to do well, thanks to her government's welfare polices. But, as in the rest of Brazil, the standard of many public services is poor and Mr Neves's track record for good political management will attract many voters.
Voting here is brisk. Brazil is one of the world's biggest democracies and people seem genuinely engaged with the issues. The result is expected to be tight and there's an awful lot to play for, which is perhaps one reason why the campaign has, at times, seemed bitter and divisive.
Divided electorate
Poor Brazilians, particularly in the impoverished northeast, remain loyal to Ms Rousseff thanks to her party's trademark welfare programmes, such as the Bolsa Familia family grant scheme.
She enjoyed strong support there in the first round of the presidential election on 5 October, with almost 60% of votes.
But wealthy Brazilians, who are against interventionist economic policies such as petrol price controls and high taxes, favour instead business-friendly Mr Neves.
He is regarded in the financial markets as someone to put the economy back on track, after four years of low growth rates and the country now technically in recession, says BBC Brasil's Julia Carneiro.
Supporters of the government say that despite low growth, unemployment has reached historically low levels and wages have been rising.
The vote is widely seen as a referendum on 12 years of government by Ms Rousseff's Workers Party (PT).
The PT came to power in 2002 with Luiz Inacio Lula da Silva as president.
Its policies are credited with lifting an estimated 40 million Brazilians out of extreme poverty
But President Rousseff's government has faced allegations of corruption and of overspending in preparations for this year's football World Cup.
Dramatic race
The election came after weeks of intensive campaigning by the two candidates and a presidential race that took a tragic turn after Eduardo Campos, a main opposition candidate, was killed in a plane crash in August.
His running mate, a renowned environmentalist, Marina Silva, was thrust into his place, vowing to become the South American country's first "poor, black" president.
But she came third in the first round after Ms Rousseff and Mr Neves secured 41.5% and 33.5% of the vote respectively.
As neither candidate got an absolute majority, the election went into a second round.
* * *
Excited JPY carry traders have given it all back for now...
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All US & European, Asian Indexes ...up
Isn't she the socialist communist democratic free market growth and increased regulation free shit army lower spending set business and economic growth free and no deficit supporter?
Keep all snowplows off Brazilian runways.
Hide the nailgun just for added measure.
Then wonder is there any difference in ANY politician these days?
RIPS
Woo hoo! Marxism continues its march into history as the world's stupidest economic system. With the Federal Reserve supporting them, there are no limits to the concentration camps they can build now in Brazil for those who speak out against banksters and political elites!
KURVA!
I hope her cancer doesn't come back.
Democrazy, whoever promises more wins. Should end well
Beg to differ. Marxism is not an economic system. It is a Machiavelian method for seizing and maintaining control.
In fact it was the Brazilian right who wanted to corporatise the detention system in Brazil, introduce minimum sentencing laws and reduce the minority age to allow incarceration of minors.
Therefore if anything resembling Gulags are to be introduced it will be introduced by the fascists.
The candidate of the banksters and the elite just lost.
Yep.
She will buy the bonds.
Yep, but only because there isn't anything left to nationalize.
A number of Brazilian market analysts backed off election forecasting after President Dilma Rousseff lashed out at Banco Santander Brasil SA for saying her reelection would negatively impact the economy. Rousseff quickly accused Santander of “electoral terrorism.” Other market analysts inside Brazil went silent after Rousseff’s row with Banco Santander. Santander formally apologized and fired its analyst and other employees involved in the note’s publication. Bloomberg News reported that six Brazilian and foreign banks, brokerages, and funds were no longer commenting publicly about politics for fear of government retaliation.
http://www.monitorglobaloutlook.com/Insights/2014/08/Brazil-s-Rousseff-b...
I wonder if Santander's anti-Rousseff comments were payback for charges of money laundering and assorted corruption against its top-dog several years ago by her government? hhmmm.
The deterioration of Brazil’s state owned enterprises like Petrobas happened on Dilma Rousseff's watch. Petrobras has been inundated with allegations of corruption. The Federal Police have five investigations out on Petrobras, not to mention one at the Congressional Budget Office in Brasilia. The company has lost 51% of its market cap in the last three years and is now valued at $75.5 billion.
Dilma Rousseff is no stranger to Petrobras. She was on the Board of Directors when it signed a deal to spend over a billion dollars on a Texas oil refinery worth just around $50 million two years prior.
http://www.forbes.com/sites/kenrapoza/2014/03/23/petrobras-puts-brazil-p...
Latin America wouldn't be Latin America without widespread corruption. It exists everywhere.
You know the MSM/State Department talking points well.
and you know the Marxist dictatorial pig talking points well...
...... and moar.
Those polls must have been miles off to end up with this result.
Fred Flinstone likes this news. heard him scream:
DIL-MA!
that is not a good news for US as BRICS will survive
Early smackdown for Gold and Silver...
Its never too early to sell PMs, especially those that don't exist.
Sadly, the status quo once again prevails.
Always bet on the Free Shit Army.
All of the cool kids are doing it.
If those with have conspired through Oligarchy and use of force to take everything that is and ever could be is forming an army to take it back a
I remember the first time that I smoked a joint!
Phone crashed...
If those with have conspired through Oligarchy and use of force to take everything that is and ever could be is forming an army to take it back a bad thing? FSA is thrown around as a pejorative a little much on this site. The Oligarchs created the FSA as a tool against the real entrepreneurs and free men. If you work for a living you have more in common with them than the 1%ers.
"If you work for a living you have more in common with them than the 1%ers."
Wrong.
The 1%ers have more in common with the FSA. Those of us who work for a living are supporting both groups!
"The PT came to power in 2002 with Luiz Inacio Lula da Silva as president/ Supporters of the government say that despite low growth, unemployment has reached historically low levels and wages have been rising/Its policies are credited with lifting an estimated 40 million Brazilians out of extreme poverty".
And all Yellowhoard finds to say is "Always bet on the Free Shit Army"?
Sometimes, Americans are so utterly moronic they leave you speechless.
..
The elite uses voting to please the herd. Since the beginning and especially now with electronic voting machines, politicians are already elected before the campaign starts. They come with bogus public opinion surveys and the election just confirms it. It is all decided in advance....just sit back relax and enjoy the show.
I don't believe any of these fraudulent elections anymore.
Eerily remenicent of our last presidential(dictatorship) election.
I have just a feeling that this is not bullish.
Worse-chner than Kirchner. Dilma just hadn't had enough time yet.
Aunty will be terribly upset ;-)
Capitalism in Brazil postponed for a few more years.
Looks like more oppression by an authoritarian totalitarian dictator and her cronies who will squeeze the middle class further.
All parties in Brazil are authoritarian. At the end of the CIA-sponsored military disctatorship period from the 64 to 88 a new constitution was written which was pretty much a copy of the Junta's consititution of the 60's with the only difference that it allows people the vote.
90% of Brazilians are authoritarians, they crave being told what to do. And would not know what to do if they were free.
Only difference between the two candidates was that Aecio wanted to realign Brazil with the Washington consensus. And for that reason alone, I am glad he was defeated, for the Washington consensus means tying oneself to a sinking ship.
Dilma Rousseff wants to align Brazil with other countires that also have corrupt Marxist authoritarian totalitarian dictators like Cubas' Raul and Fidel Castro, China's Xi Jinping, Venezuela's Nicolas Maduro, and Russia's Putin.
http://uk.reuters.com/article/2014/01/29/uk-cuba-castro-rousseff-idUKBRE...
http://www.havanatimes.org/?p=101510
http://voiceofrussia.com/news/2014_07_14/Vladimir-Putin-arrives-in-Brazi...
http://news.yahoo.com/china-leader-signs-brazil-deals-latin-america-trip...
http://www.thenewamerican.com/world-news/south-america/item/16993-modera...
Corruption is a symptom, not a cause of downfall.
Russia's Putin is the only leader standing between a worldwide corporate-fascist reich also known as American empire. But you are too stupid to realise that and instead spend all you times worried about labels.
The development of Marxism was backed by the same people who now back up the rise of corporate fascism in the US, Europe and the rest of the world. It was the same people who backed the October revolution in Russia, the rise of Hitler in Germany and the military junta in Brazil.
A multipolar world is the only way to put a stop on it.
So instead of tking shit here. Take some time and research the Trans Pacific Partnership (TPP) and Transatlantic Trade and Investment Partnership (TTIP) trade deals which effectivelly puts the entire western worls in the hands of corporations. Oh, yes, you can't really reasearch the text of the agreements, becuase it is being kept secret. And you come here and say Putin is evil, get a grip.
"A multipolar world is the only way to put a stop on it. So instead of tking shit here. Take some time and research the Trans Pacific Partnership (TPP) and Transatlantic Trade and Investment Partnership (TTIP) trade deals which effectivelly puts the entire western worls in the hands of corporations. Oh, yes, you can't really reasearch the text of the agreements, becuase it is being kept secret."
Talk about delusional shit!
A multipolar world is just another label used by delusional idiots who blame corporations for everything and who see no problem with putting the world into the hands of dictators and their cronies.
What part of what I said about TIPP and TPP are not factual, bitch?
Talk about delusion.
Just now looking at the news that News Corp (Rupert Murdoch) will start offering financial products. Talk about dictator and crony.
And this bitch tries and say that you replace big-government with big corporations everything will be ok. Without realising they are two heads of the same monster.
But all you care about is low credit card interest so you can get breast implants and holidays in Miami.
Try to produce something for a change. Or do you want me to expound on the Brazilian elite's distaste for honest work while at same time blaming the poor for not wanting to work. No, your public sector job is not productive work. No, your daddy's company that survives due to government contracts is not productive work either.
Hmmm
Taking no prisoners this morning are we
So you don't know about that either, huh?
Brazil has over 30 registered political parties--almost all of them are left leaning. Even the military regime that gave up power in 1985 was for redistributive cash-transfer programs that would not be out of place in left-leaning France.
There are a few enlightened Brazilians like João Amoêdo who is founder and chairman of a political group called Novo (“New”). Its platform of free markets, a minimal state, low taxes and individual liberties including the right to bear arms. Will the FSA embrace it?
http://www.economist.com/blogs/americasview/2014/04/politics-brazil
And she wants to drink the blood of your babies too!
Quick! Run!
Away from here, silly bird...
Not Authoritarian.
Not Totalitarian.
Not A Dictator.
Not squeezing the middle class.
Democracy is a bitch in a world that's 51% marxist
Washington f**kers didn't get their puppet elected who would have pulled Brazil out of the BRICS.
Well, that's a good thing in my book. Brazil has dodged the Washington DC crazies for now, but they will be back and even more motivated to fuck up Brazil.
Brazil's most important task in the years ahead is to neutralize US influence and meddling.
Like, US agents, just fuck off back to your own fucked up country, and leave Brazil to it's own devices.
Brazil is doing a great job fucking itself up all by its lonesome - forget outside intervention. It will collapse under the weight of its own corruption and financial mismanagement within a decade or less.....
Short Brasil......
Short Soros.
Interesting graph - maybe getting US voters ready for 'red' victories?
Back when I was more simple minded, I would be rooting for Neves, but these days I get the impression he was the Deep States man, someone the bankers could control, and the opposition leader who died in the plane crash was not.
I have no doubt Soros was busy during this election trying to undermine Rousseff.
So, the BRICS dodge a bullet this time.
Interesting comments there flapdoodle which I share. By nature I am strongly supportive of free market enterprise, competition, small government and all those good things. But I believe you're right, Neves was the man preferred by the CIA and Deep State in Washington 'cos he's the one they could "manage" as they want.
It's a difficult call to say which one of them is best for Brazil.
Quite a close call...
BTW: Any news on the plane crash of Eduardo Campos?
Wayne Madsen seems to think the CIA was involved. (Duh)
http://cubainsidetheworld.wordpress.com/2014/09/12/brazil-the-cia-behind...
Re-election of Dilma is a mixed bag for us.
- she is a socialist. I need say no more.
- she is in favour of developing the BRICS organisation whereas Neves wanted to row it back and climb back into bed with Washington and the banksters.
- the BRL will (hopefully) be weaker with her at the helm, since she is a socialist and the FX markets don't like her much. The BRL has weakened considerably since the election cycle began and her re-election was predicted. UKP has risen to R$3.99 against BRL since her re-election was confirmed. http://www.xe.com/currencycharts/?from=GBP&to=BRL&view=1W
- she has practiced dubious economic policies - eg: high import taxes - to support domestic jobs which has resulted in very limited consumer choice with high prices. This also discourages a lack of domestic investment to improve product quality etc. Why invest when you have little or no competition?
etc
this clears the way for the brics consolidation in a parallel universe led by china and russia. too many, too big people to shoot now. bullish for the sandp. business ultimately likes a multipolar world. the business climate is more stable with competing money systems.
The Banksters fucked up!
I voted for Dilma, I bebemorando (drinking a cold beer and celebrating) the win!
Now BRICS go ahead, believe!
:-)
BRICS is the world's only hope to prevent war.
However the US has succesfully co-opted India which is big enough to be used as a wheel chock to stall any progress.
Not true. India has just joined the SCO (Shanghai Cooperation Organisation) alongside fellow BRICS members China and Russia. SCO will become the gateway to the Eurasian union and the biggest trading bloc in the world. It won't be using the dollar either.
My fav beer = ice cold Schin or Antartica. Bohemia ~so so. :-)
That Sylvia bitch is downvoting everyone.
Yep. I've noticed a lot of comments being downvoted for no good reason.
Skol, desce redondo
Congratulations to you Karaio, and to all of Brazil.
Brazil will not have to deal with Washington and Big Capital's neoliberal agent as their President.
Cheers! Have a cold one for me...
Nope, they'll just have to deal with another term with a kleptocratic buffoon and thief, just like her predecessor. You're clearly a fucking moron like Karaio who doesn't have a clue what he's talking about. Give it a couple of years and come talk to me when Brazil is shrinking at a 4% clip every year.
Doesn't suprise me that you're celebrating, stupid motherfucker that you are. I haven't a doubt in my mind that you'll also be swiping your Bolsa Familia card tomorrow while you cheer her [read: your - free shit bottom feeder] victory. Good luck climbing out of that recession, especially when tens of billions gets lopped off your GDP tomorrow at opening bell and foreign investment heads for the exits. Yeah, things are really looking up for Brazil.
Well if we ignore the fact that you are a brainwashed monkey who is subservient to power, set aside the vitriol, and ignore all the other stupidity you wrote, there is one point where you may be correct.
"Good luck climbing out of that recession, especially when tens of billions gets lopped off your GDP tomorrow at opening bell and foreign investment heads for the exits. Yeah, things are really looking up for Brazil."
Yeah, foreign capital is not too happy. They were salivating at the prospect of neoliberal agent Aecio Neves coming to power, but we know this had nothing to do with helping or bringing any benefit whatsoever to the good people of Brazil. Unfortunately for them, the guy who wanted to break away from Mercosur and join the Washington consensus was rejected by the people of Brazil, despite the best efforts and heavy financing by the banksters and elites.
Sure, some foreign capital might (or might not) leave in a drama-queen hissy fit, causing some short-term pain (or not), but you talk like this is a dramatic change for the country; it is not. Brazil had Lula for two terms, and now Rousseff for two terms. They are from the same party and generally speaking, have the the same policies. It is not a big change.
As a matter of fact it is not a change, and it will not bring about the end of the country.
I doubt Brazilian men and women lick the boots of power like you do, and I doubt they piss their pants in fear of capital like you.
R.I.P Brazil. Been good knowing you.
We shouldn't forget the 1% only get 1% of the vote.
But in the UK and US the 1% own the parties the rest of us vote for:
UK - LibLabCon
US - Democrat/Republican
We just need new parties to free us from the tyranny of the 1% and to remind us how democracy should work.
Woohooo! BRICS - 5! NWO/IMF/NEOCONS/NEO-LIBERALS/SOROS/SOROSlettes - 0! as in BIG FAT ZERO!
You see, all 5 BRICS nations have newly elected leadership, and the globalist predators above have been waging a relentless demonisation campaign to undermine and eventually install preferred puppets in office who will do their bidding, and allow the breakup of BRICS and its determined push to build a multipolar world not dominated by the US and its compliant whores/vassals.
Now its down to rolling up of shirt sleeves and a full scale assault on the US dollar as a global reserve currency, an alternative Internet backbone that bypasses the US, and an alternative SWIFT money transfer system that will break western imposed economic sanctions and render them meaningless. Freedom beckons!!
I wonder if Putine is having a good morning today