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Just As Brazil Hits Rock Bottom, Things Are About To Get Even Worse

Tyler Durden's picture




 

For anyone who might have missed it, Brazil is in trouble.

The country is "at the center of a triple unwind of EM credit, China’s leverage, and US monetary easing" (to quote Morgan Stanley) and as Goldman recently pointed out, faces a stagflationary nightmare.

Last quarter, Brazil suffered through the worst growth-inflation mix in over ten years. As Goldman put it, "since 1Q2004 there has not been a single quarter in which we had simultaneously higher inflation and lower growth than during 2Q2015."

And then there's the twin deficit problem. Here's Goldman again:

Over the last 11.5 years, we cannot identify a month with a strictly-worse fiscal-CA deficit outcome than that of May-15 (lower left quadrant is empty). In fact, at 7.9% of GDP the fiscal deficit is now the widest it has ever been since Jan-04, and there were only a few months (5 out of 137 months in the sample) were the current account deficit was marginally wider than currently.


Meanwhile, as we mentioned on Monday, Dilma Rousseff is now the most unpopular democratically elected president since a military dictatorship ended in 1985, with an approval rating of just 8%. In a recent poll, 71% said they disapprove of the way Rousseff is doing her job... and two-thirds would like to see her impeached. Here’s Bloomberg summing up the situation

To be sure, the president faces a host of challenges this month, not least of which is a nationwide protest planned for Aug. 16.

 

The country’s audit court also must decide whether the government broke the fiscal law by doctoring budget results last year. A ruling against the government could provide the legal foundation to start impeachment hearings, opposition lawmakers say. Her administration says previous presidents used the same practices.

 

Investors are concerned that the political instability will push Brazil into a deeper recession and make it increasingly vulnerable to a sovereign-credit downgrade. The real has depreciated 8.1 percent in the last month, the biggest decline among 16 major currencies tracked by Bloomberg.

 


Given all of this, just about the last thing Brazil needed was for China to officially enter the global currency wars, which is of course exactly what happened overnight. Our response:

And the response from Brazil's trade ministry (via Reuters):

Brazil's Trade Minister Armando Monteiro on Tuesday said China's decision to devalue the yuan could hurt the country's manufacturing exports. 

So what lies ahead for Brazil given all of the above? Well, further BRL weakness - or at least according to Goldman. Here's more:

We are moving our BRL forecasts to show further downside – we expect $/BRL to reach 4.00 in 12 months (relative to 3.55 previously). A weaker BRL is part of a necessary adjustment to address the macro imbalances in Brazil; and the combination of a weak and increasingly back-loaded path of fiscal adjustment and a central bank that appears to be done with tightening policy for now suggests that the exchange rate is likely to bear more of the overall burden of absorbing the impact of the commodity price downdraft, restoring competitiveness and correcting the current account deficit. 

 

Brazil stands at a crossroads – both roads involve currency depreciation. The combination of significant macro challenges (economic contraction, elevated inflation and large fiscal and current account deficits) and a deteriorating political and institutional backdrop means that Brazil stands at a pivotal crossroads. One road involves the risk of a further deterioration in the political backdrop morphing into a full-fledged governability and institutional crisis (potentially including the departure of key policymakers) and a further deterioration in investor (and rating agency) confidence, with an associated additional hit to an already contracting economy. The other road involves a potential stabilisation in the political picture, which in turn would provide the authorities with room to undertake necessary short- and medium-term fiscal consolidation measures, coupled with monetary easing further down the line. In either case, we think the BRL is likely to depreciate further because it is hard for us to see a route back to a more balanced set of macro outcomes in Brazil that do not involve currency weakness. Along the first road, the depreciation is likely to be sharper and disruptive, with scope for overshooting and an eventual rebound; the alternative scenario would likely involve a grinding, more controlled move, potentially encouraged by policymakers.

 

Macro imbalances in Brazil are large, the worst in almost a decade...We have developed a simple scoring algorithm to assess the scale of internal (inflation relative to target) and external imbalances (current accounts relative to sustainable levels) and, as Exhibit 1 shows, in Brazil these imbalances are at their widest combined level in a decade. The fiscal deficit at -8.1% of GDP is also at its widest in more than 20 years, with the combined twin deficits now tracking at a disquieting 12.5% of GDP.

 

 

Of course as we said late last month, the simple fact is that whether it's China, runaway stagflation, or simple politician greed and corruption, Brazil has passed the recession phase and its economy is in absolute free fall and against a backdrop of an escalating currency war (which the country's most important trading partner has just officially entered), unattainable fiscal targets, and protracted weakness in commodity prices, the path to stabilization and rebalancing is anything but clear, but what does seem virtually certain is that Brazil has a date with junk status in the not-so-distant future. 

And on cue, just moments ago:

  • BRAZIL CUT TO Baa3 FROM Baa2 BY MOODY'S; OUTLOOK TO STABLE

So that's one step up from junk for Moody's and one step from junk for S&P - it shouldn't be long now, because no matter what Moody's says, there isn't anything "stable" about this situation.

We suppose the only lingering questions are whether Rousseff will be impeached and whether economic decay, a dangerously unstable political situation, and problems of a more, shall we say, "putrid" nature, will conspire to make Rio a veritable ghost town for next summer's Olympic games.

Then again, this young lady doesn't seem particularly concerned...

 

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Tue, 08/11/2015 - 15:58 | 6415320 madcows
madcows's picture

well, at least they have pretty girls.

america?  we've got walmart shoppers in scooter shopping carts.

Tue, 08/11/2015 - 16:00 | 6415336 G.O.O.D
G.O.O.D's picture

Agreed, this country called these united states has some incredible land whales roaming the landscapes. 

Tue, 08/11/2015 - 16:03 | 6415346 Latina Lover
Tue, 08/11/2015 - 16:05 | 6415353 NoDebt
NoDebt's picture

"The women.  How much for the women?"

 

Tue, 08/11/2015 - 16:06 | 6415367 Latina Lover
Latina Lover's picture

What women? The USSA females think they should be treated like males but expect men to foot their bills.

Tue, 08/11/2015 - 17:36 | 6415746 Crash Overide
Crash Overide's picture

If I have to go to Walmart for some reason, I always bring a harpoon...

Tue, 08/11/2015 - 18:02 | 6415858 FreeMoney
FreeMoney's picture

At least the Tyler gave us the click bait picture.  +100

Tue, 08/11/2015 - 18:56 | 6416028 Ignatius
Ignatius's picture

Take heart, Brazil, Brazilian bottoms are among the best.

Tue, 08/11/2015 - 20:36 | 6416379 0b1knob
0b1knob's picture

Whenewver you see a headline like "Things are bad in (developing country) and they can only get worse"  then it is probably time to invest there.

Getting rid of Dilma would do wonders for the coutry.

Tue, 08/11/2015 - 23:23 | 6416988 highandwired
highandwired's picture

You should invest in Venezuela then, with that mindset.

Tue, 08/11/2015 - 19:25 | 6416121 PersonalRespons...
PersonalResponsibility's picture

Stop.  I never login... but that was just too funny.

Tue, 08/11/2015 - 20:22 | 6416327 Kprime
Kprime's picture

Captain Ahab was born in the wrong place and the wrong time.  He would have had an orgy in Walmart.

Tue, 08/11/2015 - 21:15 | 6416507 nosam
nosam's picture

The great whites of walmart.

Tue, 08/11/2015 - 17:48 | 6415803 Mentaliusanything
Mentaliusanything's picture

I expect them to foot my balls

Tue, 08/11/2015 - 16:06 | 6415368 madcows
madcows's picture

your daughters.  how much for the little girl. i want to buy your daughters.  sell me your women.

Tue, 08/11/2015 - 17:16 | 6415652 WOAR
WOAR's picture

SELL ME YOUR CHILDREN!!!

Tue, 08/11/2015 - 16:07 | 6415372 Captain Debtcrash
Captain Debtcrash's picture

New rule: If there is a thumb pic of a talented young lady on the ZH home page a full-size version will be supplied if clicked. 

Tue, 08/11/2015 - 16:24 | 6415432 bob_stl
bob_stl's picture

I hear ya. I was scrolling downa and all I was seeing was fucking graphs.

Tue, 08/11/2015 - 16:55 | 6415548 CheapBastard
CheapBastard's picture

Graphs make my head hurt.

 

Pictures of Brazilian Babes [or Japanese, Chinese, Korean, Argentinian, and so on] make my head feel good.

Tue, 08/11/2015 - 17:14 | 6415647 Spigot
Spigot's picture

Easier to just tell you: Brazil has three times in the past 30 years resorted to Hyperinflation to clean out its bad debt problem, and also to drop all the prols back into poverty. This will be the fourth iteration of the same thing. Anyone in Brazil with two neurons firing reliably will be an owner of gold and silver in order to resurface after the next hyperinflation repeats the same financial pogrom against the stupid and lazy. Its just the way its worked down that way. It's policy.

I would suggest that the entire "fiat currency system" globally will probably go the same way, too. See comment above about Ag/Ag as a tool to survive it.

Tue, 08/11/2015 - 17:49 | 6415809 TeethVillage88s
TeethVillage88s's picture

In 1970s South America was creating a Middle Class, then the Wealthy Supported Military Juntas and Dirty Wars all through the Cone of South America.

The Hacienda Owners know how to work this racket.

Gotta have Cheap Labor Rates. And the people need to come to you for Financing.

Tue, 08/11/2015 - 20:26 | 6416342 mkkby
mkkby's picture

Wrong.  Major fail.  People around the world hold dollars and trade on the black market when their currency is not trustworthy.

Nobody really knows what gold is any more.  Since 1971 it has not been money.  Again, that may change in the next monetary system.

Tue, 08/11/2015 - 22:17 | 6416767 Spigot
Spigot's picture

You are incredibly ignorant. Pull your head out of your ass, you'll be able to breath better and your ass won't hurt so much. Why in the fuck do Central Banks hold hundreds and thousands of metric TONNES of gold!?! Why are they accumulating it? Why do they force small nations to disgorge their meagre gold bullion holdings into the holds of military transports when "debt problems" overwhelm those little countries?

Nixon closed the window to repurchases of gold, primarily European naitons, because Washington had pulled 8,000 tonnes of gold out of Europe during and after WWII and that gold had finally been bought back by those same European nations. The deal was finished. We were not going to bleed out any more gold out of the US stockpile (which, interestingly enough turns out to have been 8,000 metric tonnes at the time, as well.

Possibly you are stupid by choice rather than rather than that being a reflection of your parentage. Answer these questions:

1) What is China selling these days? (hint: it ain't gold)

2) What is China buying these days? (hint: it isn't US government BONDS)

3) Why did Europe want it's gold back?

4) Why did the US insist on preventing any more gold from being removed from it's stockpiles?

5) Why did Germany recently want to publicly declare it's insterest in repatriating gold from London, Paris and New York?

6) What do wealthy Arab oil Billionaires buy in Dubai?

7) Why are you such a stupid fuck?

 

Tue, 08/11/2015 - 16:22 | 6415424 toady
toady's picture

I hope they fix everything in time for the Olympics. 

Tue, 08/11/2015 - 17:31 | 6415722 gatorengineer
gatorengineer's picture

Tyler is really slipping Brazil doesnt make ANYTHING, except for Brazlillians, and lots of domestically consumed ethanol....

Athens, Turin Italy, beijing, vancouver, london, sochi, Rio, Korea..... anyone see a pattern of olympic curse of economic destruction (except somehow London).....  You could also throw salt lake in before that...

Tue, 08/11/2015 - 17:45 | 6415791 TeethVillage88s
TeethVillage88s's picture

BENPIIGS (Add Brazil, UK, Nederland, to PIIGS)

Tue, 08/11/2015 - 21:42 | 6416632 AntiSanta
AntiSanta's picture

Unfortunately for anyone trying to find an affordable home anywhere near Salt Lake, Utah's economy has been among the best in the nation for years, and our housing bubble 2.0 is in full swing. Plus we have that NSA facility with all the jobs that come with it! ;)

Tue, 08/11/2015 - 16:58 | 6415560 reTARD
Tue, 08/11/2015 - 18:42 | 6415998 Closet Boy
Closet Boy's picture

About 300R in the termas.

Tue, 08/11/2015 - 22:42 | 6416853 TeethVillage88s
TeethVillage88s's picture

$86 bucks, you must be remembering the old rate of $100.

Crap, what do you get for $100 all night??

You ain't going to the Fevelas, you high class.

Wed, 08/12/2015 - 00:53 | 6417189 Closet Boy
Closet Boy's picture

Cheap can be defined as "affordable," and does not mean the product and/or service is of inferior kind.

 

A significant amount of garotas de programa are from favelas.   

Tue, 08/11/2015 - 18:43 | 6416000 Closet Boy
Closet Boy's picture

Also, you can barter with Victoria's Secret goods for services.

Wed, 08/12/2015 - 00:19 | 6417135 Lets Buy The Dip
Lets Buy The Dip's picture

Haha, I just got back from brazil in Feb, And seriously they breed them nice over there. 

In terms of the BRZ or brazil market, it could be a buy soon. A big one, its too far oversold. 

This guy here is rediculously accurate, and has killer stuff, so one to listen to ==> http://www.bit.ly/1fMcakI he thinks with the flooding of money into EUROPE, you should consentrate there. Also when people see asia is too rocky, they are gunna start to move back to the US. 

Janet yellen can kiss my arse, every time they say they are gunna raise rates, something bad mysteriously comes up and she says “nope, ok, not yet” LOL. yes….that old chest nut!!! Its getting old now, do you not think??????

The US govt criminals are devaluing the USD.....and trying to hurt US companies. I say death to the US govt. They are nothing but criminals who listen to our phone calls, track us in the car, and what we buy so they can put up more crap to our letter boxes. Damn them to hell and back. Its time to take our own back, and fight for what we have left, our FREEDOM! [or what is left of it?]

Tue, 08/11/2015 - 17:10 | 6415626 Boondocker
Boondocker's picture

Nasty. ..

Tue, 08/11/2015 - 18:09 | 6415888 SWRichmond
SWRichmond's picture

from the link above:

I thought to myself about how women and men have both been effectively socialized to pretend periods don’t exist.

Either that, or they have been socialized that it isn't necessary to talk about it, anymore than it is necessary to talk about so many other normal bodily functions. 

Tue, 08/11/2015 - 18:16 | 6415919 toady
toady's picture

Maybe men have been socialized not to talk about it, but women can't shut up about it.

Tue, 08/11/2015 - 18:14 | 6415907 Miketheterrible
Miketheterrible's picture

The comments in the comment section of that article are absolutly attrocious.  Is this what is happening to North America?  People all needing to have to express these "feelings" and forcing thier stupid ideology and beliefs on others through bullshit causes?

I never felt so ashamed to be a human being.  These idiots who are fighting for "rights" don't even know what rights are and have even a clue as to what they are fighting for (other than anarchy).  Running a marathon with no tampon isn't going to change anything in any other country, than make me feel less of you.

Tue, 08/11/2015 - 21:05 | 6416476 IndyPat
IndyPat's picture

She needed to use her filthy gash for something.

That particular "cause" is about the only attention her twat will ever get...and it's gone.

Tue, 08/11/2015 - 16:05 | 6415342 Latina Lover
Latina Lover's picture

Personally, I think the greatest invention from Brazil is the Brazilian Wax.

Wed, 08/12/2015 - 16:34 | 6419833 mkhs
mkhs's picture

I guess you never saw the Brazilian butt?

Tue, 08/11/2015 - 16:05 | 6415358 froze25
froze25's picture

That girl in the photo has absolutely nothing to worry about she obviously has the perfect ASSets to weather the storm.

Tue, 08/11/2015 - 16:12 | 6415389 Freddie
Freddie's picture

She is not that pretty and the percentage of pretty ones in Brazil is a lot lower than say Argentina or Venezuela.

I once had a very attractive young Brazilian girl interview for a job.  No papers and she would have been a huge distraction. The majority of Brazilian woman are not that great looking but this one was one of th ebest looking I have ever seen.

I hired a 50 something American woman who was a very good worker.

The women in Sweden are genearlly way above average.  Czech Repub is good too followed by maybe Denmark and some of the Baltic countries.

Tue, 08/11/2015 - 16:20 | 6415418 Eirik Magnus Larssen
Eirik Magnus Larssen's picture

As a Scandinavian male, let me be the first to ask this: Are you on drugs?

Tue, 08/11/2015 - 16:24 | 6415433 HonkyShogun
HonkyShogun's picture

He's wrong about women. You're wrong about everything else.

Tue, 08/11/2015 - 17:55 | 6415831 Dindu Nuffins
Dindu Nuffins's picture

Inhcluding his belief that Scandinavia still has males.

Tue, 08/11/2015 - 21:08 | 6416489 IndyPat
IndyPat's picture

This.

Wed, 08/12/2015 - 16:36 | 6419838 mkhs
mkhs's picture

Where have all the Vikings gone?

Tue, 08/11/2015 - 18:07 | 6415880 BarkingCat
BarkingCat's picture

He's got jungle fever. Probably rejected by every native female so had to pick his mate from the world's toilet.

Tue, 08/11/2015 - 21:12 | 6416483 Eirik Magnus Larssen
Eirik Magnus Larssen's picture

If marrying a white woman would have meant receiving something like you for a son, then I am very happy I chose otherwise.

White Supremacists, neo-Nazi's and right-wing extremists are lower than dirt. You're unwanted and unnecessary in today's society, and the demographic destiny which awaits you powerfully reflects that fact.

Tue, 08/11/2015 - 21:13 | 6416500 IndyPat
IndyPat's picture

Nice comeback, you pussy.

Tue, 08/11/2015 - 22:58 | 6416521 Eirik Magnus Larssen
Eirik Magnus Larssen's picture

You amuse me.

Edited to add: Neo-Nazi's or skinheads are rarely seen here. We only once came upon a little group. Confused boys, frankly. They soon broke eye contact. In my experience, skinheads are a parody of the masculanity they say they uphold. You can tell yourselves it'd be different with each of you Cowboys. The wife calls me Big Daddy Yum Yum.

 

Wed, 08/12/2015 - 00:10 | 6417075 ZD1
ZD1's picture

Strong virile viking men left Sweden eons ago. 

Now Swedish men are effeminate castrated eunuchs who've allowed the Muslim hordes to take away their women.

Big old soft Eirik knows this is true and he's an example of a typical Swedish eunuch.

Wed, 08/12/2015 - 00:50 | 6417153 Eirik Magnus Larssen
Eirik Magnus Larssen's picture

Heheh. We Nordics remain characteristically silent before the American accusation of us being "effeminate" or "gay", because we don't share the deep sense of insecurity which defines the white American male. White American men experience feelings of inadequacy before everything ranging from independent women to homosexual men to black men. We don't feel diminished or intimidated by any of these, and therefore we don't need to put them down. If we don't "defend" our "reputation" against the jeers of American males, it's because we view these as the antics of silly and lost little white boys. You're comedy from our perspective. You're treated accordingly.

A few days ago, I watched a YouTube video of Hafthor Bjornsson winning the "Europe's Strongest Man 2015" contest. Reading your comments, I'm wishing that Bjornsson was gay--I would have paid the money for your plane ticket to Iceland so I could see you call him a "fag" to his face. It'd be worth it.

Wed, 08/12/2015 - 15:18 | 6417182 TeethVillage88s
TeethVillage88s's picture

Deleted

Wed, 08/12/2015 - 09:14 | 6417885 FidTheRED
FidTheRED's picture

+1

Yes I followed the click-bait trail which actually had a nice follow-up pic to BACK it up(ass)

Love all your posts, they're only mad because dem(ocrat) mecicanos TURQUE DER JERRRB

No homo

Brazilian women come in all sizes and shapes. Check out the beaches around Rio esp. Copacabana for thongs gone wild. If you think its too dangerous for you check out Vitoria, Brazil - mineral exporting port-town of Brazil with friendlier locals

Most EM women are REALISTIC, in order for you whip and chain that ass every night they need "insurance" unless your some pussy ass bitch that needs women to take care of you this is pretty much the standard

Or some tatt'd up drugg'd up "soul-searching" communication major american girl who considers u flav of the week and would leave you in a serious relationship in a heart beat - worse, some wash'd up Great White of Walmart LOL

?????

Profit!

 

Tue, 08/11/2015 - 17:42 | 6415779 TeethVillage88s
TeethVillage88s's picture

All I want to know is are Brazil Women easier to get with than Scandinavian Women or American Women... but I don't like the women that take money for a date.

In USA many of our poor women are criminals, have tattoos, are corn fed, take drugs... In Brazil they don't make women into criminals except the whores would be criminal for this survey.

Tue, 08/11/2015 - 17:10 | 6415624 Osmium
Osmium's picture

Not that pretty?

I wouldn't kick her out of bed for eating crackers.

I can't imagine what else she would doing besides eating crackers though...

Tue, 08/11/2015 - 20:33 | 6416370 ayyy lmao
ayyy lmao's picture

"I wouldn't kick her out of bed for eating crackers"

 

I would, then we could do it on the floor.

Tue, 08/11/2015 - 20:34 | 6416371 ayyy lmao
ayyy lmao's picture

"I wouldn't kick her out of bed for eating crackers"

 

I would, then we could do it on the floor.

 

Damn...double post.

Tue, 08/11/2015 - 21:51 | 6416678 AntiSanta
AntiSanta's picture

Sorry, I spent a couple of years in Argentina and I saw only TWO attractive women in that entire time. Of course I was nowhere near the ocean and the beaches, and worked mostly with the poor, who can't afford to primp and dress up like the rich.

The second the incredibly attractive blonde stewardess appeared on my flight home and I heard the glorious words "Please direct your attention to the nearest flight attendant," I completely reassessed my opinion of "beauty," and I never went back. Of course seeing only ONE blonde Argentine didn't exactly help, since skinny blondes are my type and they're awfully rare in the interior of Argentina. One would think they'd be pretty rare in Brazil as well, but there were rumors of entire cities settled by German "immigrants" after WWII in Brazil and Argentina. Unfortunately I was never sent to any of those places... :(

Tue, 08/11/2015 - 16:10 | 6415383 Eirik Magnus Larssen
Eirik Magnus Larssen's picture

The beaches of Brazil can change a man.

Tue, 08/11/2015 - 16:25 | 6415440 GMadScientist
GMadScientist's picture

Thanks, Caitlyn.

Tue, 08/11/2015 - 18:05 | 6415867 waterwitch
waterwitch's picture

Jenner/gender factor

Tue, 08/11/2015 - 18:55 | 6416032 e_goldstein
e_goldstein's picture

 golf clap

Tue, 08/11/2015 - 16:29 | 6415457 gtb
gtb's picture

To a woman?

Tue, 08/11/2015 - 16:39 | 6415489 TeamDepends
TeamDepends's picture

Maybe, but eventually you have to leave the beach and enter the socialist paradise where Dilma enjoys an 8% approval rating.

Tue, 08/11/2015 - 16:46 | 6415518 Freddie
Freddie's picture

If you don't get shot first.  Brazil is a hell hole and where the USA is heading.

Tue, 08/11/2015 - 17:32 | 6415728 TeethVillage88s
TeethVillage88s's picture

Gotta have private security in South America, USSA is getting there real soon. US Demographics are changing fast.

Brazil Beaches... La Playa... Cosmetic Surgery, expensive body treatments, weigh-loss drugs, materialism...

I'm totally out of touch. I hear the Women in Belize and Jamaica are nice. Some like Porto Rico

Hm, wonder if I need private security in Porto Rico & Jamaica?

Actually I feel a little more secure in Asia for some reason, but not so much in Manila.

Tue, 08/11/2015 - 19:01 | 6416054 Freddie
Freddie's picture

USA is becoming a shithole with a disappearing middle class just like Brazil and other places.  It is what the elites want.

Hm, wonder if I need private security in Porto Rico & Jamaica?

Yes and yes.

I know someone with a big sailboat who is white, fairly liberal and has no issues with black people.  He could not wait to get out of Jamaica,  He hated the place.   The Bahamas have also deteriorated.  Compass Point Stuidos was a famous record studio where a lot of famous records were made over 20 + year period.  They closed down in 2010 because crime became pretty bad.

Tue, 08/11/2015 - 20:31 | 6416367 TeethVillage88s
TeethVillage88s's picture

It is true.

Probably I don't know what to make of them. I don't have any tattoos. Of course they are not the people spying on Americans... or destroying rights or spending federal tax revenue.

Tue, 08/11/2015 - 18:27 | 6415952 Not My Real Name
Not My Real Name's picture

The beaches of Brazil can change a man.

Well ... If what I read on ZH is true, it can certainly give him an epic case of dysentary.

Tue, 08/11/2015 - 17:15 | 6415653 venturen
venturen's picture

Well you have Kaitlan! Spelled incorrectly as I can't say or write any of their names

Tue, 08/11/2015 - 21:20 | 6416524 Laddie
Laddie's picture

Or anorexic women, dieting, EXERCISING!!!
I don't think Brasilian women exercise, at least not in the way that American women exercise.

Tue, 08/11/2015 - 22:29 | 6416799 HardAssets
HardAssets's picture

I didnt bother to even read the article. (The world is going down the toilet - we know that.) My high vote is for the babe in the photo.

Finally, ZH just doesnt just have those itty-bitty pics near the title that you can hardly see.

Bravo !

Wed, 08/12/2015 - 16:45 | 6419857 mkhs
mkhs's picture

I only read Zh for the articles.  No, seriously.

Tue, 08/11/2015 - 15:58 | 6415322 billybobtx
billybobtx's picture

Well, they do indeed have the hot women thing going for them...

Tue, 08/11/2015 - 16:00 | 6415335 Stumpy4516
Stumpy4516's picture

Still think the BRICS are a powerhouse?  How about that BRIC bank thing that was to turn the tables on the current jmafia financial system?

Do not count China out but Brazil and India are financial messes, Russia is being pursued and is getting bitch slapped on a regular basis and NO time is not on the BRICS side now.  They need to make real moves or the individual countries become destabilized.

The Iran deal is to delay things while Russia becomes more unstable, then they go after Iran. 

Tue, 08/11/2015 - 20:35 | 6416377 38BWD22
38BWD22's picture

 

 

Cheerleaders here at ZH ought to remember that "BRICs" was a marketing slogan made up by a guy at Goldman-Sachs.

Correct re BRICS Bank, a joke.  China is over 50% of it.  Where's China going to get their billions for their funding share?

Tue, 08/11/2015 - 16:03 | 6415343 buzzsaw99
buzzsaw99's picture

Then again, this young lady doesn't seem particularly concerned...

She got a bone of her own. [/Andrew Dice Clay]

Tue, 08/11/2015 - 16:03 | 6415345 TuPhat
TuPhat's picture

If Brazil depreciates, what happens to the girl in the picture.  That's what is important.

Tue, 08/11/2015 - 16:06 | 6415361 JLO
JLO's picture

I would buy one. Or two

Tue, 08/11/2015 - 16:22 | 6415422 goldhedge
goldhedge's picture

Just make sure they don't  have meat and two veg tucked away.

 

 

Tue, 08/11/2015 - 17:25 | 6415699 TeethVillage88s
TeethVillage88s's picture

Not again!

Is there no smaller city in Brazil where we don't have to watch it when we get Drunk!

Tue, 08/11/2015 - 16:04 | 6415350 NoDebt
NoDebt's picture

Deprecia...a...tion is making me wait.

[Sing to the tune of the old Heinz ketchup commercial]

Tue, 08/11/2015 - 16:45 | 6415513 nevadan
Tue, 08/11/2015 - 16:05 | 6415357 vq1
vq1's picture

Dont worry the 2016 summer olympics in Rio will bring tourists, athletes and sponsors to spread all their wealth into the Brazilian economy!

 

At least thats what Im told. 

Tue, 08/11/2015 - 16:25 | 6415437 GMadScientist
GMadScientist's picture

One mugging at a time...

Tue, 08/11/2015 - 16:29 | 6415455 813kml
813kml's picture

Those selling bottled water will make a killing.

Tue, 08/11/2015 - 16:38 | 6415484 pods
pods's picture

Long toilet paper and Tucks medicated wipes.

pods

Tue, 08/11/2015 - 16:06 | 6415365 KnuckleDragger-X
KnuckleDragger-X's picture

Like many other countries, they need to change how they do things and like those other countries (including the USA) they won't until it's too late and they'll just speed their collapse....

Tue, 08/11/2015 - 16:06 | 6415366 insanelysane
insanelysane's picture

Don't they have the Olympics?  All of their financial problems are solved.

Tue, 08/11/2015 - 17:16 | 6415406 Freddie
Freddie's picture

Oh they wanted a Daily Double on looting with the World Cup not long ago followed by the Olympics.   They said the kayakers, swimmers and others will be swimming in sewage so that sounds nice. 

Sure beats Japan having the Fuki Olympics in the near future.

Those runners and swimmers are fast but not fast enough to outrun those Fuki protons aand neutrons.

Tue, 08/11/2015 - 16:13 | 6415392 RadioactiveRant
RadioactiveRant's picture

Why is a twin deficit bad for BRICS but acceptable for UK? Its only really history that seperates Britain from a developing country, you'd run a mile from a state in Africa or Asia putting out the same stats.

Tue, 08/11/2015 - 16:16 | 6415404 Anopheles
Anopheles's picture

The woman in the pic is beautiful. 

However the Brazilian economy, just like their women, age prematurely and go downhill really quickly.  

Tue, 08/11/2015 - 17:24 | 6415692 TeethVillage88s
TeethVillage88s's picture

What happened to the Beach Property Inflation and Development??

I was getting lots of Marketing on great ops in RE in Brazil for ExPats for say 3 years now.

It was gonna be beautiful, man. Like Utopia!

Wait one year, then look for buying Brazil RE in Distressed Condition.

Tue, 08/11/2015 - 21:23 | 6416540 IndyPat
IndyPat's picture

Those aren't Babyruths washing up on your Utopian beach.

Wed, 08/12/2015 - 00:33 | 6417154 TeethVillage88s
TeethVillage88s's picture

Und nicht Schokolade!

Tue, 08/11/2015 - 16:27 | 6415450 GMadScientist
GMadScientist's picture

It was firm, but 'rock' may be a bit of an exaggeration.

 

Tue, 08/11/2015 - 16:31 | 6415462 22winmag
22winmag's picture

Cops love steroids!

Tue, 08/11/2015 - 16:42 | 6415494 GMadScientist
GMadScientist's picture

Also confiscated narcotics and pensions.

Tue, 08/11/2015 - 17:19 | 6415671 TeethVillage88s
TeethVillage88s's picture

Helpless Babes and Batons!!

Tue, 08/11/2015 - 16:33 | 6415468 Spungo
Spungo's picture

The budget deficit can be fixed with more socialism

Tue, 08/11/2015 - 17:18 | 6415662 TeethVillage88s
TeethVillage88s's picture

Let's give it more Capitalism.

Can't buy Brazil Debt at 50% discount or what?

Buy Moar Brazil Debt!!

- And order more Deutsche Frauleins for Futboll matches!

Poppy Jackson just went to hospital because of Drugs and Brazil Hookers!

Buy, Buy, Buy!

Tue, 08/11/2015 - 16:38 | 6415487 phoolish
phoolish's picture

Olympics will pull'em out of this ... just like Greece.

Tue, 08/11/2015 - 16:56 | 6415551 rsnoble
rsnoble's picture

Everyone wants to take it in the ass at once. 

Tue, 08/11/2015 - 17:14 | 6415643 Freddie
Freddie's picture

US junior rowers get sick rowing in sewage filled lakes in Brazil.

http://www.freerepublic.com/focus/f-news/3323486/posts

These American gals are not ay Brazilian beach materials.   I feel sorry for US athletes who will be swiming and rowing through shit at Brazilian Olympics.

The memories will last a lifetime as will the Hep A, B and C.

Tue, 08/11/2015 - 17:16 | 6415654 U4 eee aaa
U4 eee aaa's picture

No one is forcing them to go. That is another version of the FSA

Tue, 08/11/2015 - 17:26 | 6415704 silverer
silverer's picture

Will have to ask the residents not to flush until the Olympics are over.  Then, you'd better not be late for your plane.

Tue, 08/11/2015 - 17:14 | 6415645 U4 eee aaa
U4 eee aaa's picture

Olympics should be fun....

Tue, 08/11/2015 - 17:24 | 6415696 romario
romario's picture

Love to hear ZH views on Brazil, as a Brazilian. Reminds me when the S&P500 was 1200 and you were buying gold at 1500.

 

We'll hear from you again when Brazil is a full fledged bubble again, ok guys? And let our women take your money, and your kidneys!

Tue, 08/11/2015 - 17:44 | 6415784 dumdum
dumdum's picture

 

 

Personally, I don't read ZH for market direction. I am more than competent to work that out myself. ZH is one of the very few websites that has the ability of digging deeper and exposing the filfth and corruption that our governments and the TBTF oranisations get up to. This is why I read ZH, it pulls no punches. It's a shame you don't understand what ZH is all about.

Since your're such a genius, I am sure you bought gold at $350 an ounce and sold at $1800 an ounce. And I am even more convinced, that you bought  S&P futures at 700 and still with it today.

Tue, 08/11/2015 - 17:58 | 6415843 romario
romario's picture

I do like the website, I legitimately do. I just needed to say something because of the girl picture and all the sexist comments, after all I'm Brazilian and needed to stand up. I'm no genius, far from it, but I did make a killing on US tech stocks and I bought dollar against BRL when it wasn't cool, at about 1,8... 

Tue, 08/11/2015 - 18:03 | 6415862 dumdum
dumdum's picture

 

 

On the sexist point, yes I do agree with you. It can be a little rough and tumble. 

Tue, 08/11/2015 - 18:22 | 6415942 smacker
smacker's picture

The sexist commentary about Brazil is entirely of its own making. When Brazilian girls flaunt themselves wearing bikinis palitos on the Copacabana, Ipanema and elsewhere, what do you expect?

Tue, 08/11/2015 - 19:12 | 6416082 Freddie
Freddie's picture

Yeah and sort of like how Brazilians say they are the best footballers.  They have been shit.  I really like Pepe Escobar, who is Brazilian.  He did a great analysis of Dilma, how F'ed Up, corrupt Brazil is and how lazy their football players are.

Here is a fantastic analysis of Brazil and Germany post world cup by Pepe.

He bashed Brazilian football here.  he talks about how the German team worked their asses off.  Great writing.
http://www.atimes.com/atimes/World/WOR-01-100714.html

But praises the potential of Brazil in the BRICs aka getting away from the neocolonists.  Great stuff.

http://www.atimes.com/atimes/World/WOR-01-120614.html

Pepe is one of the best things to come out of Brazil.  The guy is awesome.

Tue, 08/11/2015 - 19:23 | 6416113 romario
romario's picture

Brazilian football had better times indeed, but some of us (like myself) knew we would fail in the 2014 WC. I supported Germany TBH and cheered at every goal, because I hate Scolari. The people are ignorant and the politicians are bad. But we are not the same of what we were in 1995, no matter what anyone says...

Tue, 08/11/2015 - 20:58 | 6416449 smacker
smacker's picture

I agree with you totally.
Pepe is great, I've been reading him on Asiatimes for a few years. And they have him on RT.com occasionally. As for Brazil football ...it's never been the same since Romário's generation. Current crop spend too much time sniffing white powder methinks...but there are a few gooduns; Oscar who plays for London Chelsea.

Tue, 08/11/2015 - 21:16 | 6416514 romario
romario's picture

That 2002 side was pretty decent, and in 2010 we could have won if it wasn't for Felipe Melo being a nuthead... Anyway, there will always be really good Brazilian players, did you know that Chelsea's Diego Costa is Brazilian born, for instance? The current team is the worst Brazilian side ever according to local reporters, it can only improve... Expect good things in the next matches.

Tue, 08/11/2015 - 21:24 | 6416541 Freddie
Freddie's picture

The problem, according to Pepe, is the totally corrupt Brazilian football federation.  Other countries have the same corruption and incompetent football federations.  England has not had a good team in ages and Italy is now second rate.  The morons in Italy picked Balotelli over Luca Toni to play in the world cup.  

Tue, 08/11/2015 - 21:20 | 6416526 Freddie
Freddie's picture

+1  Pepe is a gem.

Yes.  Pretty much what Pepe said.  A spoiled bunch of millionaires. Half the time they are fat and overweight.  The Germans worked very hard as a team. Sadly, the Brazilian people, according to Pepe, were robbed of $13.6 billion to host the World Cup.

I did not see a lot of the Brazil-Germany final but it wasn't pretty football. Germany was like a bulldozer and played almost like thugs. 

One of the best matches was Germany versus Italy in the 2006 semifinal which Italy won.   The goalies were awesome.  Finally, Germany cracked. The great Pirlo snuck a pass to Grosso who made an incredible curling kick just out of the fingertips of the German goalie Lehman.

Canavarro then stole a ball from Germany to Totti then Gilardino then to del Piero.

https://www.youtube.com/watch?v=F7zPLsjiZa4

The last few minutes of this incredible game.

Stupid Italy leaves Luca Toni off the team the next two Wold Cups even though he had the most goals in Serie A (italian league) for the past two years in a row at 38 years old.

I really do not like football or soccer that much anymore.  Ruined by money, FIFA, internationalization of players and it is just bread and circuses to distract the masses from criminal govts.

Tue, 08/11/2015 - 19:20 | 6416100 romario
romario's picture

What about americans flashing tits on Mardi Gras? The women I know don't wear that, but there's that stereotype, yea. Generalizations fail though.

Tue, 08/11/2015 - 21:31 | 6416583 IndyPat
IndyPat's picture

Nah, the chicks at Mardi Gras are exactly what you see.

Total whores...generalization is dead on.

Tue, 08/11/2015 - 20:02 | 6416240 falconflight
falconflight's picture

The nerve of a Post Colonial Spaniard with your muy machismo culture telling North Americans or most Europeans about misogamy?  

Well Pablo, you just won the most full of steaming zebra shit award.  Congrats!

Tue, 08/11/2015 - 20:10 | 6416277 romario
romario's picture

You probably know we were colonized by the Portuguese, anyway, you were trying to say misogyny? No wonder Trump might be the US president. You just won the uninformed individual who can't speak own language award. Tell you what, come around here in the Olympics and try to be a smartass like you try to be in these forums.

Tue, 08/11/2015 - 20:16 | 6416302 falconflight
falconflight's picture

Fck off PIIGS.  Muy machismo eh?  Portugal hasn't been a 'power' for how many Hundreds of years?  Same with Spain, the other Iberian zero.

Tue, 08/11/2015 - 18:18 | 6415924 smacker
smacker's picture

"We'll hear from you again when Brazil is a full fledged bubble again"

 

Brazil is a bubble, it's never gone away. It's called "political stupidity".

Tue, 08/11/2015 - 19:20 | 6416103 romario
romario's picture

Ok, it might be, if Goldman said, it's done, really.

Tue, 08/11/2015 - 20:21 | 6416325 TeethVillage88s
TeethVillage88s's picture

Hey any light you can shed about the "Chicago Boys" and the Ford Foundation activities in Brazil??

Apparently funding from Ford Foundation provided Economic Training from University of Chicago to South Americans... and those students got together with others and cause like 6 different Juntas which then caused protestors and activists to disappear, be killed, thrown out of a helicopter. Pinochet Regime is the best known example. Brazil another.

Tue, 08/11/2015 - 20:34 | 6416372 romario
romario's picture

Joaquim Levy, the Brazilian finance minister graduated in the Chicago University, but to be honest, I don't have any inside scoop on these activities around here. I did learn in school that americans financed the coup against elected president Joao Goulart in 1964. Also, there were some rumors that foreigners financed the protests last year, to create currency turmoil. I suspect that was the case.

Tue, 08/11/2015 - 20:47 | 6416410 TeethVillage88s
TeethVillage88s's picture

wow, thanks. Maybe I find some more references with those names.

Tue, 08/11/2015 - 22:22 | 6416778 TeethVillage88s
TeethVillage88s's picture

Classic. This is like fiction or it really could not be better than fiction. I mean here is a quote from real life history. The General's Name is Kruel.

At around 10:00PM, General Kruel called João Goulart. In the call, Kruel asked the president to break with the left-wing by sacking his Minister of Justice and Chief of Staff and outlaw the Comando Geral dos Trabalhadores (Worker's General Command), a major workers' organization. Goulart replied that doing so would be a humiliating defeat for him, making him a "decorative president". Goulart told Kruel: "General, I don't abandon my friends. (...) I would rather stick with my grassroots. You should stick to your convictions. Put your troops out on the street and betray me, publicly."

Tue, 08/11/2015 - 23:01 | 6416890 romario
romario's picture

I remember from my high school years, I always thought that if Goulart was indeed president for 4 years, Brazil's history would be different. Despite being colonized by  the sacking Portuguese, there would be a democratic twist, and a true patriot in the office... Instead he died mysteriously, allegedly, poisoned (http://www.institutojoaogoulart.org.br/conteudo.php?id=38) after suffering a military coup in 1964... 

It's bad in here, nowadays, the public outrage with politicians is real, but there is still plenty of wealth around. Reminds me of Barcelona when I was in Spain in 2013. Everyone spoke of crisis, but I noticed the Spanish were still really wealthy and had a reasonable living standard. I could smell the crisis from the margin of the river while I was running, it smelt bad, but the economy was clearly running. A beautiful Spanish girl tried to rob me of $50 when I purchased a juice, but I pretended to be American and she gave me the money back... I felt bad for her, she was in need but didn't have what it took to keep my bill. Anyway, Ibex was about 8000 when I left the airport. Since then, it rose like 40-50%, despite 25% unemployment. Probably it's a financial bubble, but I can see something similar happening in Brazil. The rich are still rich here, and there are plenty of nouveau riches around too.

Wed, 08/12/2015 - 00:03 | 6417081 TeethVillage88s
TeethVillage88s's picture

What comes to mind is the low wages in Central & South America.

If I was an expert I might say that the same is being done to the US wage rates/compensation. And I see the UK(Historically in 20th Century) as limited investment in capital equipment & facilities in order to limit or suppress wages.

I call it a British Trade policy to favor foreign production instead of Domestic Humanity.

Labor, Wage Rates & compensation are a Target for industry & wealthy.

Hacienda Wealth has to have a strategy.

Anyway, I am not a good investor, so I am not competent or informed.

Tue, 08/11/2015 - 17:29 | 6415711 q99x2
q99x2's picture

Please stop using the terms Goldman and JP Morgan. It makes your readers feel they are listening to a guy that says fuck every other word.

Tue, 08/11/2015 - 17:44 | 6415785 Super Hans
Super Hans's picture

Is Ronda still down there? I'm sure that she will sort it out.  I would let her kick my ass, just to tap that. She is hot! 

The fact is that the Spanish and Portuguese have ruined and shit on every land that they have occupied since the 15th C.

It is a sick culture overall. It will never change. 

One can see the same behavior in countries such as Greece, Italy, Spain, and Portugal.

I have studied this culture, and lived there. 

SH

 

Tue, 08/11/2015 - 17:59 | 6415846 TeethVillage88s
TeethVillage88s's picture

European Banking Culture is Twisted as well.

JPMorgan Chase & Co.,JPMorgan Chase & Co.*,,,,,,,,,,
Ticker,JPM US Equity,,,,,,,,,,
Includes Loans to:,"JPMorgan Chase & Co, JPMorgan Chase & Co, JPMorgan Chase & Co, JPMorgan Chase Bank NA, JPMorgan Chase & Co, JPMorgan Chase Bank NA, Chase Bank USA NA and JPMorgan Chase Bank NA",,,,,,,,,,
Identified in Fed Documents as:,"J. P. Morgan Securities Inc., J.P. Morgan Securities LLC, J. P. Morgan Securities Inc., JP MORGAN CHASE BK, JP MORGAN CHASE BROKER DE, JPMORGAN CHASE BK NA, CHASE BK USA NA and JPMORGAN CHASE BK NA",,,,,,,,,,
Capital Raised From Home Governments,"$25,000.00",,,,,,,,,,
Programs,"PDCF, TSLF, ST OMO, AMLF, AMLF, TAF, TAF, DW",,,,,,,,,,
Country,United States,,,,,,,,,,
Industry,Banking,,,,,,,,,,
"Average Daily Balance
From 8/1/2007 to 4/30/2010","$11,978.98 ",,,,,,,,,,
Peak Amount of Debt,"$68,637.75 ",,,,,,,,,,
Peak Date,10/1/2008,,,,,,,,,,

-

UBS AG,UBS AG*,,,,,,,,
Ticker,UBSN VX Equity,,,,,,,,
Includes Loans to:,"UBS AG, UBS AG/New York NY, UBS Securities LLC, UBS Securities LLC, UBS Securities LLC and UBS Bank USA",,,,,,,,
Identified in Fed Documents as:,"UBS, UBS AG PARK AVE BR, UBS Securities LLC., UBS Securities LLC., UBS Securities LLC. and UBS BK USA",,,,,,,,
Capital Raised From Home Governments,"$7,120.00",,,,,,,,
Programs,"CPFF, TAF, PDCF, TSLF, ST OMO, DW",,,,,,,,
Country,Switzerland,,,,,,,,
Industry,Banking,,,,,,,,
"Average Daily Balance
From 8/1/2007 to 4/30/2010","$13,886.53 ",,,,,,,,
Peak Amount of Debt,"$77,158.30 ",,,,,,,,
Peak Date,11/28/2008,,,,,,,,

-

Barclays Plc,Barclays Plc*,,,,,,,,,,
Ticker,BARC LN Equity,,,,,,,,,,
Includes Loans to:,"Barclays Bank Delaware, Barclays Bank PLC/NY, Barclays Bank PLC/NY, Barclays Capital Inc./Old, Barclays Capital Inc./Old, Barclays Capital Inc./Old, Barclays PLC and Barclays Bank PLC/NY",,,,,,,,,,
Identified in Fed Documents as:,"BARCLAYS BK DE, BARCLAYS BK PLC NY BR, BARCLAYS BK PLC PARK AVE BR, Barclays Capital Inc., Barclays Capital Inc., Barclays Capital Inc., Barclays PLC and BARCLAYS BK PLC NY BR",,,,,,,,,,
Capital Raised From Home Governments,$0.00 ,,,,,,,,,,
Programs,"TAF, TAF, TAF, PDCF, TSLF, ST OMO, CPFF, DW",,,,,,,,,,
Country,Britain,,,,,,,,,,
Industry,Banking,,,,,,,,,,
"Average Daily Balance
From 8/1/2007 to 4/30/2010","$19,105.23 ",,,,,,,,,,
Peak Amount of Debt,"$64,890.20 ",,,,,,,,,,
Peak Date,12/4/2008,,,,,,,,,,

-

Royal Bank of Scotland Group Plc,Royal Bank of Scotland Group Plc*,,,,,,,,,,,
Ticker,RBS LN Equity,,,,,,,,,,,
Includes Loans to:,"Citizens Bank of Pennsylvania, RBS Citizens NA, RBS Securities Inc., RBS Securities Inc., Royal Bank of Scotland NV/New York NY, Royal Bank of Scotland Group PLC, Citizens Bank of Pennsylvania, RBS Citizens NA and Royal Bank of Scotland NV/New York NY",,,,,,,,,,,
Identified in Fed Documents as:,"CITIZENS BK OF PA, RBS CITIZENS NA, RBS Securities Inc., RBS Securities Inc., ROYAL BK OF SCOTLAND PLC NY BR, Royal Bank of Scotland Group, CITIZENS BK OF PA, RBS CITIZENS NA and ROYAL BK OF SCOTLAND PLC N",,,,,,,,,,,
Capital Raised From Home Governments,"$74,000.00",,,,,,,,,,,
Programs,"TAF, TAF, TSLF, ST OMO, TAF, CPFF, DW, DW, DW",,,,,,,,,,,
Country,Britain,,,,,,,,,,,
Industry,Banking,,,,,,,,,,,
"Average Daily Balance
From 8/1/2007 to 4/30/2010","$21,424.96 ",,,,,,,,,,,
Peak Amount of Debt,"$84,500.00 ",,,,,,,,,,,
Peak Date,10/10/2008,,,,,,,,,,,

-

Deutsche Bank AG,Deutsche Bank AG*,,,,,,,,
Ticker,DBK GR Equity,,,,,,,,
Includes Loans to:,"Deutsche Bank Securities Inc., Deutsche Bank Securities Inc., Deutsche Bank Securities Inc., Deutsche Bank AG/New York NY, Deutsche Bank AG/New York NY and Deutsche Bank Trust Co. Americas",,,,,,,,
Identified in Fed Documents as:,"Deutsche Bank Securities Inc., Deutsche Bank Securities Inc., Deutsche Bank Securities Inc., DEUTSCHE BK AG NY BR, DEUTSCHE BK AG NY BR and DEUTSCHE BK TC AMERICAS",,,,,,,,
Capital Raised From Home Governments,$0.00 ,,,,,,,,
Programs,"PDCF, TSLF, ST OMO, TAF, DW, DW",,,,,,,,
Country,Germany,,,,,,,,
Industry,Banking,,,,,,,,
"Average Daily Balance
From 8/1/2007 to 4/30/2010","$12,486.68 ",,,,,,,,
Peak Amount of Debt,"$66,011.00 ",,,,,,,,
Peak Date,11/6/2008,,,,,,,,

-

Goldman Sachs Group Inc.,Goldman Sachs Group Inc.*,,,,,,,,
Ticker,GS US Equity,,,,,,,,
Includes Loans to:,"Goldman Sachs Group Inc., Goldman Sachs & Co, Goldman Sachs & Co, Goldman Sachs & Co, Goldman Sachs Group Inc. and Goldman Sachs Bank USA/New York NY",,,,,,,,
Identified in Fed Documents as:,"Goldman Sachs, Goldman, Sachs & Co., Goldman, Sachs & Co., Goldman, Sachs & Co., Goldman, Sachs & Co.-London and GOLDMAN SACHS BK USA",,,,,,,,
Capital Raised From Home Governments,"$10,000.00",,,,,,,,
Programs,"CPFF, PDCF, TSLF, ST OMO, PDCF, DW",,,,,,,,
Country,United States,,,,,,,,
Industry,Banking,,,,,,,,
"Average Daily Balance
From 8/1/2007 to 4/30/2010","$7,532.40 ",,,,,,,,
Peak Amount of Debt,"$68,960.00 ",,,,,,,,
Peak Date,12/31/2008,,,,,,,,

Tue, 08/11/2015 - 19:21 | 6416108 falconflight
falconflight's picture

HSCB just sold off their entire stake in the BRICS (Brazilian) economy. Yep, the BRICS are just gonna pick up the pieces and be declared their NWO just as soon as, what?

Tue, 08/11/2015 - 19:44 | 6416173 TeethVillage88s
TeethVillage88s's picture

Whiskey and Raman Soup time I guess.

I saw some video, it seems they throw a party on the roof tops so they can get all the people together in one place or something.

Except the Guy below that made money in the US Markets, he seems like a class above that.

Probably the poor can't go down too far and are used to living poor. It is the Middle Class and some wealthy that will get hurt.

Tue, 08/11/2015 - 18:12 | 6415899 dobermangang
dobermangang's picture

Their woman are exoticly hot! Avoid the beach water though.

http://www.cbsnews.com/news/brazil-summer-olympics-water-contaminated-wi...

Then again, the EPA is trying to kill us too.

http://www.cnn.com/2015/08/10/us/colorado-epa-mine-river-spill/

 

Tue, 08/11/2015 - 18:24 | 6415918 TalkToLind
TalkToLind's picture

Look, I've been well conditioned to click on any article about Brasil because I know I will see some chicks with round butts; why'd you leave me hangin, Tylers?  Act like Ivan Pavlov and give me what I came here for!

Tue, 08/11/2015 - 19:13 | 6416087 SmedleyButlersGhost
SmedleyButlersGhost's picture

The entire civilized world knows what a Brazilian is... Surely such a culture must and deserves to survive

Tue, 08/11/2015 - 18:44 | 6415994 PrimalScream
PrimalScream's picture

WHEN China puts on the brakes, the whole world gets a jolt!  Read that as  - a major Recession.  But when the brakes are hit on the global economy, the "passengers who are not wearing seat belts" will get thrown through the windscreen.

This includes ALL the countries who were major exporters of commodities to China - especially BRAZIL. 

TOO BAD - because there are a lot of nice folks in Brazil. Yep - you are probably right that Brazil will be forced to de-value.  And the next 5-6 years will be a tough time for their economy.  Really tough!

Tue, 08/11/2015 - 21:39 | 6416621 IndyPat
IndyPat's picture

Glad we don't export anything. Except death.

Totally bullish.

Tue, 08/11/2015 - 22:59 | 6416913 TeethVillage88s
TeethVillage88s's picture

IndyPat;

Was gonna ask u about plays for Coffins and coffin liners, but this government virus kept me from it.

Anyway now I see what you mean. Defense Industries.

Go Long Security, Intelligence both public and private, spying both public and private, prison industries, and DoD Industries.

Watch for War with Iran as last survivor or the Evil Axis.

Wed, 08/12/2015 - 02:14 | 6417304 Wannabe_Oracle
Wannabe_Oracle's picture

I'm currently positioned "Long God"!!!

Our options are zero when trusted in the hands of man...

Tue, 08/11/2015 - 19:44 | 6416172 Skip
Skip's picture

Thanks Tyler for the pic of the BABE!!! Oh yeah, quite tasty.

Brazil is a sad story. Rich in natural resources, yet it has an American problem.

I don't know if the problem was introduced by Commies from the US or not but I've had Brazilian Whites tell me that is the case. So they are seeing race problems that years ago they didn't have. Who knows.

But the productive segment of Brazil is, surprise, surprise, the White segment. And they are facing crap just as we in the US are facing, increasing racial violence and are seen by .gov as the treasure chest to give to the "underprivileged", i.e. non-whites.

This video from Brazil shows a 13 year old white girl being attacked because she was the only child in the school who was "blonde" meaning "white". Her mother works at the school as a teacher. The man who rescues her is also a teacher there and is White. This happens daily in America's schools as well.

NO matter what living creature in nature, they ALL defend their children, but not the mainstream whites of USA, Brazil, England, see the Rotherham scandal. Yet, despite the violence against white children you don't see white parents doing ANYTHING about it.

And now something ABC, CBS, NBC, Fox, CNN, et al will never show you:
http://www.liveleak.com/view?i=ea3_1410435260
Girl was beaten for being blonde

Tue, 08/11/2015 - 19:53 | 6416209 falconflight
falconflight's picture

And for ever now, I've been subjected to the crappy propaganda of the Brailizan melting pot.  How race just doesn't matter there.  BS now, and BS always.  Brazil didn't even officially end slavery until 1888.  

Niggras were fortunate to be held as slaves in North America compared to the Spaniard-Latin American slave system.

Tue, 08/11/2015 - 20:16 | 6416303 TeethVillage88s
TeethVillage88s's picture

Maybe the poor, Generations X & Millennials, don't know that we had Robber Barrons and Sweat shops in our cities at the turn of the 20th Century. They never knew about the Money Trust and the Sherman Anti-Trust Act and don't know about abusive work practices that led up to Legalizing Union Rights and Worker Rights. They don't know the bankers were the cause of the Long Depression and the Great Depression.

Even today I never hear anyone say a bad thing about Bankers.

Underneath it all was a classism, elitism.

The Very Wealthy hold disdain for the poor and foolish.

They don't let their kids go down into the streets to pick up bad habits and become common. They don't risk mixing with the masses. If schools or work places are dangerous it doesn't effect them and they don't care. Like Ferguson & Baltimore. If the police are ignorant, untrained, brutal, oppressive... that is okay since police are trained to bow down before wealth and power.

And they just don't care about what happens outside of their protected world.

You know them. The white shoe boys.

- Actually was going to mention the "Chicago Boys" and the Ford Foundation as causes of Juntas and Dirty Wars in South America

Tue, 08/11/2015 - 22:02 | 6416719 theTribster
theTribster's picture

Makes me want to beat the shit out of that black bitch while all the other people stood there and watched, wow! Makes my blood boil. That's alright, that little blonde white girl will go way further in life than that soon-to-be fat, 9-illegitimate kid bearing, no husband having, drug booting, disease bearing black bitch will - ever! At least there is some solice to be had here.... 

Points.

Tue, 08/11/2015 - 22:48 | 6416871 Laddie
Laddie's picture

Yes and the brown male who sucker punches the little white girl, reading at the site it appears that she has permanent hearing loss, from either the punch or the curb where her head was smashed. I say Thank God for that courageous male teacher otherwise it appeared that the black girl would not cease the attack.

“Indeed, as an American woman pointed out, if the racial proportions in the United States were reversed, so that the whites formed only ten percent of an otherwise completely coloured nation, no one would expect white parents to insist on the right of their children to attend coloured schools. No, certainly they would not; because for one thing there would not be any white people left at all. They would be massacred to the last man, woman and child.”
WHITE MAN, THINK AGAIN! by Anthony Jacob, Johannesburg 1965

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