In this video, I talk with author and economic analyst John Sneisen @TheEconomicTruth about the Brazilian Real, Brazil's currency as it continues to tank.
El-Erian, the Chief Economic Adviser to Allianz SE as well as a Bloomberg contributor has warned that Brazil may be the next emerging market domino to fall.
The Brazilian currency, the Real has seen a vast loss in value, even after Brazil's central bank offered $1.5 billion in extra swap contracts. Isn't that hilarious. Who would've thunk?
As risks become greater, more centralization is obviously not the answer, but of course that is exactly what the government and banking system will do. Debt subservience is the name of the game and you are the props.
All fiat currencies eventually revert to their true value of zero. They always have, they always will going back to 1024AD in China. This time is no different.
The cure is simply self sustainability and financial responsibility. It comes down to you as an individual understanding money so you control money rather than being oblivious and controlled BY money.
Doing your own due diligence, you can be prepared for the inevitable to come. Of course fundamentals are off the table due to the level of manipulation in the monetary system as well as the markets, so you cannot put a date on the crash, but you know it has to come, therefor it's important to understand the clear and present dangers.
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I’ve heard that Brazil has huge issues with political corruption. We all know full well how much more a corrupt government will rob their people more through devaluing their fiat.
On a side note, what a gong show our federal government here in Canada has become. It seems like there’s a new embarrassment for this government on a weekly, if not daily basis. Somehow, Justin managed to go from a groping scandal to pissing off President Trump within 48 hours. Yuck.
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Is Brazil crashing? I thought they had been crashing for a few years now. I remember hearing about how the Olympics were a total disaster and they didn't even have enough money to clean up the raw sewage dumping into the ocean where the athletes were going to swim.
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Fucking BRAZIL 🇧🇷 what a SHITHOLE ❗️😆 Any government that kicks its people out so they can have a sporting event is a corporate fascist state .
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Eu creio na capacidade da economia de recuperar a si própria.
projeto #ptgram power | faça parte | grupo steemit brasil
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Brazil is near to change the leaders through elections. We will vote on right capitalists, and kick the communists out.
Whoever wins with the depreciation of our economy is the communists themselves who will leave a economic crisis behind.
Whoever wins with negative economic propaganda about our economy are also them.
The more they delay the progress of that country, the better for them to continue with the populist fallacies.
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The things you say are so true, Josh. Bread and circus are still quite effective nowadays.
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