Brazil – The Burning Platform

The Bolsonaro Effect

Over the weekend my son and I decided to take a break and watch a couple of episodes of a show called The Carbonaro Effect. It features a young magician that pulls a Candid Camera style set of tricks on unsuspecting people using magic as it’s hook. If you haven’t seen him before it’s fairly entertaining in a fashion the first couple of times, but as we watched it became evident that what he was doing wasn’t very popular with the people he was fooling.

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WELCOME TO THE SOCIALIST PARADISE OF BRAZIL

First Venezuela and now Brazil. Brain dead liberals are intellectually incapable of understanding the economic consequences of their socialist agenda. Socialism destroys countries and the lives of their citizens. Poverty, hopelessness, starvation and ultimately revolution are the consequences. Eight more years of Obama/Clinton will put us well down the path to Rio.

Riots In Rio: Police Unleash Tear-Gas, Rubber Bullets As Poor Brazilians Block Olympic Torch Route

by Tyler Durden

Aug 4, 2016 10:46 AM

Just 24 hours before the opening ceremony of the Rio Olympics, police have been forced to use tear-gas and rubber bullets to clear protesters from the path of the Olympic torch through a poor suburb of Rio de Janeiro. As The Guardian reports, police said anti-government protesters in Duque de Caixas, on Rio’s north side, threw rocks and blocked the torch’s path; and 3 people (including a 10-year-old girl) were injured.

Hundreds of people blocked the streets in the north of Rio to protest about the high cost of the Games in a country already struggling with recession, corruption and political crisis. Footage showed crowds, including children, fleeing from the police, who reportedly said a group refused to leave one lane of the road open for the torch, the BBC reported. Riot police used tear gas to disperse the crowd and video footage appeared to show a policeman firing a projectile directly at a protester. The video you won’t see on mainstream media coverage of the The Olympics…

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The Most Violent Cities in the World

Maybe they should add some new Olympic games for Brazil, like dodge the bullets. Baltimore coming on strong.

Courtesy of: Visual Capitalist

Brazil has been in crisis for some time now.

The country’s economy shrunk -3.8% last year, and its President, Dilma Rousseff, is holding on for dear life. Once chairman of Petrobras, the state-run oil giant currently engulfed in a colossal political scandal, she is now being threatened with impeachment just 15 months into her second four-year yerm.

Her approval remains at an all-time low of just 11%. The currency has halved in value since 2011, and the country’s credit has been downgraded to junk status.

However, it’s not only the economic and political spheres that are troubling in Brazil. The country also has the dubious distinction of being the world center for homicides. Today’s chart, from The Economist, shows the 50 most murderous cities in the world – and Brazil is home to a mind-boggling 32 of them.

The good news is that key cities, such as Rio de Janeiro, are on the lower side of the spectrum. That said, the host of the 2016 Olympic Games is barely safer than Compton, with a murder rate of 18.6 per 100,000 people each year.

The bad news is that Brazil now has more than 10% of all the world’s murders. While the murder rate has fallen in the largest cities around the country, it has picked up in many of the smaller ones. Cities such as Fortaleza or Natal are among the most violent in the world, with rates above 60 murders per 100,000.

THE FED INDUCED FARCE

The minutes from the last Fed meeting were released on Wednesday afternoon. The minutes, along with a squadron of jabbering Fed heads lying about the economy doing great, pretty much locked in the most talked about .25% interest rate increase in world history. Evidently the Wall Street titans of greed have convinced the muppets higher interest rates are great for stocks, as the market soared by 250 points. As institutional money exits the market on these rigged up days, the dumb money retail investor buys into the market with dreams of riches just like they did with Pets.com in 2000, McMansions in 2005, and Bear Stearns in 2007.

The Fed has lost any credibility they ever thought they deserved by delaying this meaningless insignificant interest rate increase for the last three years, so they will make this token increase in December come hell or high water. They want to give themselves some leeway for easing again when this debt saturated global economy implodes in the near future. The Fed is trapped by their own cowardice and capture by the Wall Street cabal. If they raise rates the USD will strengthen even more than it has already. The USD is already at 11 year highs. It has appreciated by 25% in the last year versus the basket of world currencies. The babbling boobs on the entertainment news channels authoritatively expound with a straight face about the rise in the dollar being due to our strong economic performance. It’s beyond laughable, as the economy has been sucking wind since the day the Fed turned off the QE spigot in October 2014.

Chart of the Day