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Lula

REDWAVE

REDWAVE

Urban Jungle Dweller
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Polls indicate Luiz Ignacio Lula da Silva (known as "Lula"), the candidate of the Workers Party, the most leftist of the Brazilian mass parties, will win the upcoming Brazilian election. Once he takes power, he is headed for a confrontation with the IMF (International Monetary Fund). The IMF wants to impose upon Brazil (like everywhere else) policies of slashing social welfare, "privitizing" public assets (i.e., selling them off to big corporations for a song), and allowing unfettered access to its markets to multinational corporations and footloose international investors, who can move huge amounts of capital around with the click of a mouse.

Whether Lula will really stand up to the IMF, or will cave in to its demands (which are backed by all the might of the U.S. government), remains to be seen. Either way, the Brazilian masses are moving to the left, as they have seen "globalization" and the "wonders of the free market" lower their standard of living dramatically, not raise it as promised. If Lula betrays the Brazilian workers and peasants, they may move farther to the left. The situation is ripe for revolutionary leadership to guide the masses in Brazil along the path to revolution. Argentina is already on the brink of revolution, as a result of the economic devastation there. (Ironically, about a hundred years ago, Argentina was one of the most affluent nations on earth, with a standard of living comparable to western Europe. It has moved backward in a major way since then-- an example of capitalist immiseration of an entire population.)

Workers to power in Brazil!
 
Yeah. Thanks. Great. Very interesting.

I have some vacation photos of Des Moines to show you all later.
 
So Brazil will be the socialist HQ of your dream empire.... very interesting.
 
They'll still be the best at the beautiful game that is football, though.
 
Dixon Carter Lee said:
Yeah. Thanks. Great. Very interesting.

I have some vacation photos of Des Moines to show you all later.
Click to expand...

Dix...break out those photos. I'd rather die that fast death than actually read redwaves post
 
Brazil

Brazil is a major country, with a population of over 174 million, the fifth largest in the world. Its largest city, Sao Paulo, has over 17.7 million people and is the fourth largest city in the world, just ahead of New York City. Its second city, Rio de Janeiro, is famous for the annual Carnival, of which Mardi Gras in New Orleans is a pale imitation. The inland capital, Brasilia, was constructed by a previous ruler, and is the nation's fourth largest city, after Belo Horizonte. The official and main language is Portuguese (Brazil was a Portuguese colony until 1822), and the population is 70% Roman Catholic.
 
Possessing large and well-developed agricultural, mining, manufacturing, and service sectors, Brazil's economy outweighs that of all other South American countries and is expanding its presence in world markets. In the late eighties and early nineties, high inflation hindered economic activity and investment. "The Real Plan", instituted in the spring of 1994, sought to break inflationary expectations by pegging the real to the US dollar. Inflation was brought down to single digit annual figures, but not fast enough to avoid substantial real exchange rate appreciation during the transition phase of the
"Real Plan". This appreciation meant that Brazilian goods were now more expensive relative to goods from other countries, which contributed to large current account deficits. However, no shortage of foreign currency ensued because of the financial community's renewed interest in Brazilian markets as inflation rates stabilized and the debt crisis of the eighties faded from memory. The maintenance of large current account deficits via capital account surpluses became problematic as investors became more risk averse to emerging market exposure as a consequence of the Asian financial crisis in 1997 and the Russian bond default in August 1998. After crafting a fiscal adjustment program and pledging progress on structural reform, Brazil received a $41.5 billion IMF-led international support program in
November 1998. In January 1999, the Brazilian Central Bank announced that the real would no longer be pegged to the US dollar. This devaluation helped moderate the downturn in economic growth in 1999 that investors had expressed concerns about over the summer of 1998. Brazil's debt to GDP ratio for 1999 beat the IMF target and helped reassure investors that Brazil will maintain tight fiscal and monetary policy even with a floating currency. The economy continued to recover in 2000, with inflation
remaining in the single digits and expected growth for 2001 of 4.5%. Foreign direct investment set a
record of more than $30 billion in 2000.

All that's going to change now.

Ishamel
 
NewsMax C&P

What, no one's going to cut and paste the NewsMax article about this? SIN, where are you?
 
I here Sin is kicking the shit out of a european drunk who puked on his shoes...
 
PETA is gonna be mad when they see what you are making that monkey do in your av.:)
 
Let me break this up a bit, so I can read it.

Ishmael said:
Possessing large and well-developed agricultural, mining, manufacturing, and service sectors, Brazil's economy outweighs that of all other South American countries and is expanding its presence in world markets.

In the late eighties and early nineties, high inflation hindered economic activity and investment. "The Real Plan", instituted in the spring of 1994, sought to break inflationary expectations by pegging the real to the US dollar.

Inflation was brought down to single digit annual figures, but not fast enough to avoid substantial real exchange rate appreciation during the transition phase of the "Real Plan". This appreciation meant that Brazilian goods were now more expensive relative to goods from other countries, which contributed to large current account deficits.

However, no shortage of foreign currency ensued because of the financial community's renewed interest in Brazilian markets as inflation rates stabilized and the debt crisis of the eighties faded from memory.

The maintenance of large current account deficits via capital account surpluses became problematic as investors became more risk averse to emerging market exposure as a consequence of the Asian financial crisis in 1997 and the Russian bond default in August 1998.

After crafting a fiscal adjustment program and pledging progress on structural reform, Brazil received a $41.5 billion IMF-led international support program in November 1998. In January 1999, the Brazilian Central Bank announced that the real would no longer be pegged to the US dollar.

This devaluation helped moderate the downturn in economic growth in 1999 that investors had expressed concerns about over the summer of 1998. Brazil's debt to GDP ratio for 1999 beat the IMF target and helped reassure investors that Brazil will maintain tight fiscal and monetary policy even with a floating currency.

The economy continued to recover in 2000, with inflation
remaining in the single digits and expected growth for 2001 of 4.5%. Foreign direct investment set a
record of more than $30 billion in 2000.

All that's going to change now.

Ishamel
Click to expand...

That should read a little better.

Ish.....you really need to take a literature class. Can't have those long paragraphs and expect folks to be able to read them.

I know you know better. I had a hard time reading your post.

Moon
 
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