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Brazil ready to retaliate for US move in "Currency War"

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posted on Nov, 4 2010 @ 10:17 PM
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Brazil ready to retaliate for US move in "Currency War"



www.ft.com



Brazilian officials from the president down have slammed the Federal Reserve’s decision to depress US interest rates by buying billions of dollars of government bonds, warning that it could lead to retaliatory measures

Brazil, the country that fired the gun on the so-called “currency wars”, is girding itself for further battle.

Brazilian officials from the president down have slammed the Federal Reserve’s decision to depress US interest rates by buying billions of d
(visit the link for the full news article)


edit on 11/4/2010 by Resurrectio because: (no reason given)

edit on 11/4/2010 by Resurrectio because: (no reason given)

edit on 11/4/2010 by Resurrectio because: (no reason given)





edit on 11/5/2010 by 12m8keall2c because: fixed source link and formatting



posted on Nov, 4 2010 @ 10:17 PM
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This is coming across as very abrasive. I wonder if the US has finally ticked off Brazil, to the point of no return.


Ms Rousseff added:

“The last time there was a series of competitive devaluations. . . it ended in world war two.”




Wow .... They are not taking this laying down. Is Brazil in better shape that I think it is?

Is there actually some history here that at least explains this harsh stance?


Everyone agrees, the reason Brazilian interest rates are so high is the Govt. spending. Federal government spending has gone up 18% in the last year. Ms Rousseff it trying to cut back government spending, but nobody thinks she can make the cuts.


edit on 11/4/2010 by Resurrectio because: (no reason given)

edit on 11/4/2010 by Resurrectio because: (no reason given)



posted on Nov, 4 2010 @ 10:21 PM
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reply to post by Resurrectio
 


Can't read the article... you have to be a registered user to read it?



posted on Nov, 4 2010 @ 10:23 PM
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reply to post by Portugoal
 


Give me a second.. I am not a member and was able to get it.. I will post another source. Thank you very much, for the heads up!



posted on Nov, 5 2010 @ 03:28 AM
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America are screwed, they no longer have any respect or power in this world.. Looks like the fall of another empire!!



posted on Nov, 5 2010 @ 06:51 AM
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reply to post by Resurrectio
 


Maybe Brazil and a few other countries should never have started a currency war when they are not prepared to finish what they started.

Our currency was under attack which has a direct implication to the Citizens here. As many people have pointed out, the US has made its own bed, and so have other foreign countries who are attempting to further destabilize our economy through currency issues.

People have blamed the US for certain courses of action our Government takes. In this arena, Brazil's government will need to face the same, taking credit for the actions of their government. Starting political pissing contests with other countries, and not expecting any type of defensive move is naive.



posted on Nov, 5 2010 @ 06:59 AM
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Its not just Brazil... China and Germany are not happy either. This is gonna snowball to the point where every country is going to be completely disgrunttled with the way the U.S. does business.

www.reuters.com...



posted on Nov, 5 2010 @ 07:08 AM
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Originally posted by AngelsOnMyShoulder
Its not just Brazil... China and Germany are not happy either. This is gonna snowball to the point where every country is going to be completely disgrunttled with the way the U.S. does business.

www.reuters.com...


Which is an internal decision of the United States and is Domestic Policy. Just as Germany, China and other countries have done, with regards to taking protective action on their currencies to stabilize their economies, the US is doing the same thing.

China has absolutely no room to criticize the US on what we do to stabilize our economy as China uses that exact same argument to defend theirs.

As far as other countries being upset oh well. People want the US to but out of the affairs of other countries, and in fairness, other countries should practice what they bitch about.



posted on Nov, 5 2010 @ 07:12 AM
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reply to post by Xcathdra
 


I starred you,
Because dumbasses Rule!



posted on Nov, 5 2010 @ 07:26 AM
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reply to post by Dumbass
 


Are you being funny or rude?

I have been saying this for years.... The only way that this lazy, self absorbed world will open its damn eyes is ww3.

This planet needs a labotomy!!



posted on Nov, 5 2010 @ 08:07 AM
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reply to post by Xcathdra
 


While yes, it is our decision how handle our economy, the reactions by our Global trading partners are important.

"One of the key things here is a weaker dollar has traditionally not been inflationary because Asian exporters like to absorb the higher cost of doing business," Merk said. "There comes a breaking point when Asian exporters can no longer absorb that higher cost of doing business. They'll raise prices and guess what? They will stick.
www.cnbc.com...
www.cnbc.com...



posted on Nov, 5 2010 @ 08:10 AM
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Originally posted by Misterlondon
America are screwed, they no longer have any respect or power in this world.. Looks like the fall of another empire!!


we will not go out "alone"!
I guarantee that!



posted on Nov, 5 2010 @ 08:33 AM
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That ... seems to be about the reaction.

QE2 - The Day After: Entire World Blasts Deranged Madman's Uncheckable Insanity


China, Brazil and Germany on Thursday criticised(sic) the Fed’s action a day earlier, and a string of east Asian central banks said they were preparing measures to defend their economies against large capital inflows.

Guido Mantega, the Brazilian finance minister who was the first to warn of a “currency war”, said: “Everybody wants the US economy to recover, but it does no good at all to just throw dollars from a helicopter.”


www.zerohedge.com...



posted on Nov, 5 2010 @ 10:16 AM
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Originally posted by Resurrectio
reply to post by Dumbass
 


Are you being funny or rude?

I have been saying this for years.... The only way that this lazy, self absorbed world will open its damn eyes is ww3.

This planet needs a labotomy!!


Labotomy? Something that reduces the individual to mush?

Wow how socialist of you.



posted on Nov, 5 2010 @ 12:06 PM
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reply to post by HunkaHunka
 


Ok let me be more specific... 80 to 90% of the planet needs to be erased... peace is impossible.. Half the adults on this planet can't go to a bar without getting into a fist fight.

A labotomy would be a waste of medical personel and medical equipment.



posted on Nov, 5 2010 @ 12:33 PM
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Originally posted by Dumbass
reply to post by Xcathdra
 


I starred you,
Because dumbasses Rule!


For the record its not pronounced dumb-ass. It is pronounced "Dooomaaas" (Dew' - mAs) with a little french accent'egu thingy over the o just before the m, and one more over the third a, but not the 4th. Its hard to pronounce this way if you lack the guttural clicks to your diphthongs while at the same time inhaling to create a reverberation of the larynx which causes tonal shiftage to occur deep in the chest, which causes the pronunciation of certain letters to come out nasally, which is why people pronounce it the wrong way.


Oh, and its an internal matter of the United States.



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