Brazil was not bluffing last year, when it said that it wanted to disconnect from the United States-controlled internet due to the NSA’s obscenely invasive surveillance tactics. The country is about to stretch a cable from the northern city of Fortaleza all the way to Portugal, and they’ve vowed not to use a single U.S. vendor to do it.
At first glance, Brazil’s plan to disconnect from the U.S. internet just seemed silly. The country was not happy when news emerged that the NSA’s tentacles stretched all the way down to Brazil. And the country was especially not happy when news emerged that the NSA had been spying on the Brazilian government’s email for years. But really, what are you gonna do? Continue reading »
- Brazilian Stocks Plunge 6% To 7-Month Lows After Rousseff Win (ZeroHedge, Oct 27, 2014):
Just as we warned last night was indicated by the Japanese market’s Brazil ETFs, so the IBOVESPA has opened down over 6% this morning on very heavy volume following the ‘disappointing for the bulls’ electionvictory of Dilma Rousseff. Despite her associations with Petrobras (which may have suggested it bounced), the favorite Jim Chanos short is being crushed, down 14% at the open. The Real is tumbling too, breaking above 2.54 to its weakest against the USD since Dec 2008.
Good luck with that!
- Scientists Appeal to Pope to Get GM Foods Banned in Brazil (Sustainable Pulse, Aug 11, 2014):
Brazilian scientists and members of social movements have appealed to Pope Francis to join forces with them in an attempt to persuade the Brazilian government no longer to allow the cultivation and use of genetically modified foods and their by-products in Brazil.
In a letter sent to the Vatican late in April, eight researchers from six countries argue that, if international companies are authorized to register manipulation processes or the properties of life forms, like seeds, food security would be threatened and biopiracy encouraged. Continue reading »
- First BRICS Bank, Now BRICS Food Bank (ZeroHedge, Aug 7, 2014):
Despite President Obama’s dictating that Russia is increasingly “isolated,” it appears they have found a whole new set of friends to play with in the global trade sandpit. In retaliation to Western sanctions, Putin yesterday unveiled a total food import ban from all sanctioning nations, and, just as the BRICS created their own ‘IMF-lite’ away from Washington’s prying eyes, Russia plans to substitute banned goods with not just domestic supplies but imports from Latin America, China, and several other nations. Agriculture Minister Nikolai Fedorov said “no food shortages are expected,” but more isolation for the West…
- This Is How Putin’s Advisor Sees The Ukraine Crisis Playing Out (ZeroHedge, Aug 8, 2014):
Vladimir Putin’s chief “integration” advisor, Sergei Glazyev, has been regularly featured on these pages in the past (see Putin Advisor Threatens With Dumping US Treasurys, Abandoning Dollar If US Proceeds With Sanctions and Putin Advisor Proposes “Anti-Dollar Alliance” To Halt US Aggression Abroad for two examples). So now that the Ukraine situation has once again escalated, this time with both sides openly engaged in trade war and many suggesting all-out war just over the horizon, how does Putin’s advisor see the Ukraine conflict playing out?
- BRICS Plan To Become “Political Alliance” To Reform The International Financial System (ZeroHedge, July 19, 2014):
As the world slowly turns against US Dollar hegemony, it appears the BRICS are pressing to fill any gaps. Having created the BRICS Bank “alternate to The West-controlled IMF or World Bank,”Xinhua reports that Russian Foreign Minister Sergei Lavrov believes the BRICS mechanism has been fully developed and can now transform into a political alliance to “reform the international financial system.”
The BRICS mechanism has been fully developed and can transform into a political alliance, Russian Foreign Minister Sergei Lavrov said Friday.
“BRICS grows and matures in all directions,” the diplomat told state-run Rossiya 24 TV channel. Continue reading »
In my opinion gold in (extended or permanent) backwardation is signalling a total loss of confidence in the $US Dollar and is a clear sign that the dollar endgame is here.
The Great Depression will soon look like a walk in the park.
- When You See This Happen, You Know It’s Game Over For The Dollar (ZeroHedge, July 16, 2014):
Exactly 70 years ago to the day, hundreds of delegates from 44 nations were busy at work in Bretton Woods, New Hampshire creating a brand new financial system.
World War II had just ended. Europe was in ruin.
And since the US was simultaneously the largest economy in the world, the primary victor in the war, and the only major power with its productive capacity intact, it was easy to dictate terms: the dollar would dominate the new system.
Every nation would hold dollars as the primary reserve currency, and the dollar would be redeemable for gold at $35/ounce. Continue reading »
(L to R) Russia’s President Vladimir Putin, India’s Prime Minister Narendra Modi, Brazilian President Dilma Rousseff, China’s President Xi Jinping and South Africa’s President Jacob Zuma join their hands during the official photograph of the 6th BRICS summit in Fortaleza, Brazil, on July 15, 2014 (AFP Photo)
- BRICS establish $100bn bank and currency reserves to cut out Western dominance (RT, July 15, 2014):
The group of emerging economies signed the long-anticipated document to create the $100 bn BRICS Development Bank and a reserve currency pool worth over another $100 bn. Both will counter the influence of Western-based lending institutions and the dollar.
The new bank will provide money for infrastructure and development projects in BRICS countries, and unlike the IMF or World Bank, each nation has equal say, regardless of GDP size.
“BRICS Bank will be one of the major multilateral development finance institutions in this world,” Russian President Vladimir Putin said on Tuesday at the 6th BRICS summit in Fortaleza, Brazil. Continue reading »
What could possibly go wrong?
- Brazil Announces Dengue Fever Emergency in GM Mosquito Trials Region (Sustainable Pulse, July 8, 2014):
Civil society groups today expressed alarm at an increase in dengue incidence, leading to an emergency decree, in a town in Brazil where releases of genetically modified (GM) mosquitoes are taking place.
The promise was to create genetically modified mosquitoes that would end dengue, but results from field trials conducted in Bahia, Brazil have not been published to date and did not evaluate the relation between Aedes aegypti mosquito populations and the occurrence of dengue . Nevertheless, the Brazilian regulator Comissão Técnica Nacional de Biossegurança (CTNBio) recently gave the green light to the commercialization of the technology proposed by Moscamed Brazil in partnership with the English company Oxitec and the Universidade de São Paulo.
The Brazilian press had welcomed the new weapon to combat dengue but missed the information that Jacobina’s mayor, a locality where the trials took place, issued a decree in February 2014 renewing the state of emergency “due to the abnormal situation characterized as a biological disaster of dengue epidemic.” . Before that, Moscamed had announced 81% and 100% reduction in the number of Aedes aegypti mosquitoes in at least two localities of Jacobina, claiming that this meant the experiments were a success . According to Oxitec, pilot-scale releases started in the north-west of Jacobina in June 2013 and the programme will roll out across the entire city over two or three years . Continue reading »
- Rio’s airport workers go on strike on the eve of World Cup opening (RT, June 12, 2014):
Workers at Rio de Janeiro’s three airports have declared a 24-hour strike, asking for a pay raise ahead of the World Cup opening ceremony scheduled for Thursday, unions said.
The strike will be partial, as a labor court ordered the unions to maintain 80 percent service or be faced with a fine of up to US$22,400.
Workers are looking for at least a 5.6 percent raise to their wages. Continue reading »
- Sao Paulo on ice (Al Jazeera, May 20, 2014):
A rare hailstorm blankets parts of Brazil’s largest city.
A storm has brought marble-sized hail to Sao Paulo. The city, which is the largest in Brazil and will host the opening game the football World Cup on 12 June, was coated in a layer of ice up to 20cm in places. Continue reading »
- Spot The Difference: Brazil’s World Cup Security Edition (ZeroHedge, may 17, 2014):
There are a few images that scream to mind when one thinks about Brazil – dazzling soccer footskills, illustrious dancing, and of course dark-skinned, scantily-clad females… but as The World Cup draws near for the soccer-savvy nation, there will be another image that will likely dominate the headlines…
Left: Gratuitous “Brazil” soccer-playing bikini-wearing woman
Middle: World Cup secuirty “Protective Equipment” that will be worn by Brazil’s Major Events Police Battalion
Members of a special unit set up for the tournament and the 2016 Olympics in Rio have been given 200 sets of the 22lb “RoboCop” protective equipment, which is flame resistant to up to 427C.
It includes a helmet and vest that protects the back, chest and shoulders, plastic shin pads, a pepper spray mask and a belt for a.40 calibre pistol, stun gun, handcuffs and baton. Continue reading »
Inhuman, medieval conditions are the norm in Brazilian prisons where inmates have few rights. In a country where police would rather shoot a suspect than lock him up prison conditions speak to the larger issues at play.
Added: Apr 28, 2014
Hell Hole: The shocking secret world inside the walls of Brazil’s prisons
This shocking report on the inhuman, medieval conditions experienced by Brazilian prisoners defies belief. How can such an economically stable country perpetrate such blatant human rights abuses?
“We want out! The water is yellow! It’s making us sick!”. The prisoners of the Central Prison of Porto Alegre scream out of iron-barred windows. Inside, it’s a veritable museum of horrors: crumbling stone cells designed for 8 men are crammed with 40: mattresses line the floors, corridors, and even the rancid toilets, and men are literally left to rot to death. “The situation is chaotic”, says Prison Inspector Gilmar Bortolotto. He shows us the guns, mobile phones, drugs, and other weapons that are smuggled in inside the body, or by visitors or crooked staff. He explains that prison gangs impose their own rules here: “they charge [other prisoners] to sleep, to shower, for food. It’s basically a laboratory for more criminal problems”. Building new prisons, to separate repeat offenders from first timers, and the most dangerous criminals from the minor offenders, is the only way forward. Yet attributing the lack of funding for prison reforms to “the will of the people”, Gilmar seems doubtful this will ever happen. A quote from Mandela eloquently expresses his deep sense of shame: “you don’t know a country until you know that country’s prisons.”
SBS Dateline – Ref. 4811
For downloads and more information visit: http://www.journeyman.tv/?lid=60435&a…
How stupid can they get?
- Own goal: US senators fail to kick Russia out of 2014 World Cup (RT, April 3, 2014):
Football’s world governing body FIFA, has refused to kick Russia out of the 2014 World Cup in Brazil, after two American senators said the country should be barred due to its actions in Ukraine.
Dan Coats and Mark Kirk wrote a letter to the organization based in Zurich in March asking for Russia’s membership to be suspended, and for the country to be barred from competing in this year’s World Cup in Brazil, as well as losing the right to host the event in four years’ time.
In a letter to the two senators, FIFA said participation in the World Cup is based on sporting merit and only a violation of FIFA statutes and regulations could lead to a suspension from a competition.
Coats, a Republican senator from Indiana, was deeply disappointed by the ruling, saying, “FIFA suggests that outrageous misbehavior by member states does not matter because such decisions are irrelevant to soccer.”
- Why Did BRICS Back Russia on Crimea? (The Diplomat, March 31, 2014):
The BRICS’s support for Russia shows the Western-dominated post-Cold War order is eroding.
There’s been no shortage of reports and commentaries on the crisis in Ukraine and Crimea, and Russia’s role in it. Yet one of the more notable recent developments in the crisis has received surprisingly little attention.
Namely, the BRICS grouping (Brazil, Russia, India, China, and South Africa) has unanimously and, in many ways, forcefully backed Russia’s position on Crimea. The Diplomat has reported on China’s cautious and India’s more enthusiastic backing of Russia before. However, the BRICS grouping as a whole has also stood by the Kremlin.
- Brazil’s Federal Public Prosecutor Requests Total Ban of Glyphosate Herbicides (Sustainable Pulse, March 26, 2014):
The Brazilian Federal Public Prosecutor in the Federal District has requested the Justice Department to suspend the use of glyphosate – the most widely used herbicide in Brazil. In addition, the prosecutor wants to challenge 2,4-D and the active ingredients methyl parathion, lactofem, phorate, carbofuran, abamectin, tiram and paraquat.
Two actions have been filed. “The first measure seeks to compel the National Health Surveillance Agency (ANVISA) to reevaluate the toxicity of eight active ingredients suspected of causing damage to human health and the environment. On another front, the agency questions the registration of pesticides containing 2,4-D herbicide, applied to combat broadleaf weeds,” explains the prosecutor on his website.
– The Brazilian ranch where Nazis kept slaves (BBC News, Jan 21, 2014):
On a farm deep in the countryside 100 miles (160km) west from Sao Paulo, a football team has lined up for a commemorative photograph. What makes the image extraordinary is the symbol on the team’s flag – a swastika.
The picture probably dates from some time in the 1930s, after the Nazi Party’s rise to power in Germany – but this was on the other side of the world.
“Nothing explained the presence of a swastika here,” says Jose Ricardo Rosa Maciel, former rancher at the remote Cruzeiro do Sul farm near Campina do Monte Alegre, who stumbled across the photograph one day.
But this was actually his second puzzling discovery. The first occurred in the pigsty. Continue reading »
- Who Are The Top Holders Of US Treasurys (ZeroHedge, Jan 16, 2014):
Yesterday, when the Treasury released its TIC data early by mistake, the update that China’s holdings rose to a record $1.317 trillion caused a stir. This was confusing, since while China, which as we reported yesterday, now has a record $3.8 trillion in reserves having grown by $500 billion in 2013, has barely invested in US paper, and in fact going back to 2010, its holdings were a solid $1.2 trillion. In other words, its Treasury holdings have increased by a modest $100 billion in three years. Hardly anything to write home about. And certainly nothing to write home about when one considers the soaring Treasury held by the largest holder of US paper… everyone knows who that is. For those few who don’t, and for everyone else too, here is the most recent breakdown of the top holders of US paper. Continue reading »
- NSA Spied on World Bank, IMF, UN, Pope, World Leaders, and American Politicians and Military Officers (ZeroHedge, Nov 2, 2013):
It was also alleged that the NSA spied on the Vatican and the Pope.
Congressman Rand Paul asks whether the NSA might be spying on President Obama as well.
Congressman Devin Nunes said in that the Department of Justice was tapping phones in the Congressional cloak room.
Sounds crazy …
But it is well-documented that the NSA was already spying on American Senators more than 40 years ago.
Tags: 1984, Barack Obama, Big Brother, Brazil, Dictatorship, Economy, EU, Europe, Fascism, George Orwell, Germany, Global News, IMF, Japan, Mexico, Military, New World Order, NSA, Obama administration, Politics, U.N., U.S., Vatican, World Bank
- Batista’s OGX Files Bankruptcy: Largest Ever In Latin American History (ZeroHedge, Oct 30, 2013):
In line with what we discussed last night, once cajillionaire Eike Batista’s net wealth has now collapsed to less than -$746.5 Million according to Bloomberg as Veja notes, his “take over the world” company OGX has declared bankruptcy following the breakdown of restructuring talks with bondholders:
- *OGX FILES FOR BANKRUPTCY PROTECTION IN RIO, BATISTA LAWYER SAYS
- *BATISTA’S OGX EXTENDS DECLINE TO 30% AFTER BANKRUPTCY FILING
- *BATISTA LAWYER BERMUDES COMMENTS ON FILING BY PHONE FROM RIO
The filing puts $3.6 billion of bonds into default – the largest corporate debt debacle on record for Latin America.
As of this morning his net worth was already -$745 million..
- Eike Batista’s OGX Said To File For Bankruptcy Tomorrow (ZeroHedge, Oct 29, 2013):
Earlier this afternoon, it was Steve Cohen’s final fall from grace. Now, Bloomberg reports that Brazil’s one time super billionaire, and now negativeworthaire, Eike Batista, whose sprawling petroleum empire was once valued in the tens of billions, is set to file for bankruptcy tomorrow.
- BRAZIL’S OGX SAID TO PLAN BANKRUPTCY PROTECTION FILING TOMORROW
We are confident that just like in Europe, there is no bank with any exposure to either OGX, Brazil, or whatever potential intercreditor avalanche will tear down many more Brazilian companies once this first insolvent domino finally tips over.
Those who missed the preface to this story, we repost it below.
When on October 1, fallen billionaire Eike Batista’s OGX Petroleo & Gas, missed a $45 million bond coupon payment, some were surprised but most had seen the writing on the wall. After all, Brazil’s second largest oil company after Petrobras, and the crowning jewel of Batista’s EBX Group, had been under the microscope of investors and certainly creditors (and if it wasn’t it certainly should have been) after oil deposits that Batista had valued at $1 trillion turned out to be commercial failures. And so the countdown to the inevitable bankruptcy filing began. Overnight, Bloomberg reports that the wait should not be long (in fact it may coincide with the default of that other insolvent mega-creditor: the United States), and will mostly certainly take place before the end of the month, following the retention of bankruptcy specialist law firm Quinn Emanuel.
- Brazil to host global internet summit in ongoing fight against NSA surveillance (RT, Oct 10, 2013):
Brazilian leaders have announced they plan to host an international conference on internet governance next year, a declaration that comes after the nation has lobbied without success to change NSA policies used by the US to monitor Brazil.
President Dilma Rousseff, after consulting with Fadi Chehade, chief executive of the Internet Corporation for Assigned Names and Numbers (ICANN), announced via Twitter a conference would be held in April.
“We have decided that Brazil will host in April 2014 an international summit of government, industry, civil society and academia,” she wrote tweeted Wednesday.
The ongoing leaks from whistleblower Edward Snowden revealed that Brazil has become a favorite target of the National Security Agency since the US intelligence program launched the PRISM electronic surveillance program in 2007. Along with monitoring the online activity of Brazilian citizens, the NSA has quietly kept watch on diplomatic activity and the South American nation’s oil giant Petrobras.
- How Brazil’s Middle Class Dream Became A Debt-Fuelled Nightmare (ZeroHedge, Oct 9, 2013):
Quick: which BRIC nation has the highest consumer loan default rate?
If you said China, India or Russia, you are wrong. Actually, if you said China you are probably right, but since absolutely all economic “data” in China is worthless, manipulated propaganda, only a retrospective post-mortem after the Chinese credit, housing, commodity, consumption bubbles have all burst will we know the answer. So excluding China, which country’s consumers after a multi-year shopping spree funded entirely on credit, are suddenly suffering the epic hangover of soaring non-performing loans as they suddenly find themselves unable to even pay the interest on the debt? Just ask former billionaire Eike Batista whose OGX oil corporation is days away from filing bankruptcy. The answer, with 5.6% of all loans in default, above Russia, South Africa, Mexico, Turkey and India, is Brazil.
It is this same Brazil, where years of credit-driven expansion have resulted in rampant, 6% inflation, which moments ago forced the central bank to once again hike its key policy rate by another 50 bps to 9.50% in an attempt to halt surging prices and contain the flood of liquidity, both foreign and domestic. Continue reading »
- Brazil Bails On US State Visit Over Illegal Spying; Demands “Full Public Apology” (ZeroHedge, Sep 17, 2013):
While the White House is trying to play this down currently in the press conference, Brazil’s President Rousseff has issued a statement postponing her trip to the US due to the illegal espionage of the Americans:
- *BRAZIL SAYS U.S. HASN’T PROVIDED ADEQUATE EXPLANATION ON SPYING
- *BRAZIL’S SAYS IT NEEDS U.S. EXPLANATION BEFORE STATE VISIT
- *BRAZIL SAYS U.S. ILLEGAL MONITORING OF GOVT, COS. IS ‘SERIOUS’
- *BRAZIL PRESIDENT ROUSSEFF POSTPONES STATE VISIT TO THE U.S.
According to AP, Obama spoke to Rouseff on the phone but that didn’t do it as the Brazilian President demanded a full public apology.
Brazil’s president has postponed a state visit to Washington in response to U.S. spying.
President Dilma Rousseff says Tuesday she’s not making the trip next month, which was to include a state dinner.
Rousseff has been angered reports based on leaked National Security Agency documents. They’ve shown that her communications with top aides were intercepted.
- Russia will help Syria in case of external aggression (Itar Tass, Sep 6, 2013):
The United States, Turkey, Canada, France, Saudi Arabia and Britain back the strike on Syria at the G20 summit, Russian President Vladimir Putin said.
Speaking at a final press conference, Putin said Russia, China, India, Indonesia, Brazil, South Africa and Italy came against military actions in Syria.
Tags: Barack Obama, Brazil, Canada, China, EU, Europe, France, G20, Global News, Government, India, Indonesia, Italy, Middle East, Military, Obama administration, Politics, Russia, Saudi Arabia, South Africa, Syria, Turkey, U.K., U.S., Vladimir Putin
- US-Brazil tensions rise after new NSA spy report (AP, Sep 2, 2013):
RIO DE JANEIRO — The Brazilian government condemned a U.S. spy program that reportedly targeted the nation’s leader, labeled it an “unacceptable invasion” of sovereignty and called Monday for international regulations to protect citizens and governments alike from cyber espionage.
In a sign that fallout over the spy program is spreading, the newspaper Folha de S.Paulo reported that President Dilma Rousseff is considering canceling her October trip to the U.S., where she has been scheduled to be honored with a state dinner. Folha cited unidentified Rousseff aides. The president’s office declined to comment.
The Foreign Ministry called in U.S. Ambassador Thomas Shannon and told him Brazil expects the White House to provide a prompt written explanation over the espionage allegations.
- All GMO approvals in Brazil are illegal, says whistleblowing regulator (Natural News, Aug 25, 2013):
It may not come as much of a surprise to our regular readers, but the biotechnology industry as we currently know it is intrinsically corrupt. And a government official-turned-whistleblower from Brazil recently admitted in a government report that every single industry-prompted approval for genetically-modified organisms (GMOs) in his country has taken place outside the realm of sound science and without proper legal precedent, which means all current plantings of GM crops in Brazil are illegal.
These are sweeping claims, but they are backed by a lengthy report recently published by Brazil’s National Council for Food and Nutrition Security. In this report, a man by the name of Leonardo Melgarejo divulges key information about how GMOs have never lived up to the promises made about them by their creators, nor have any of the studies used to back their approval proven to be legitimate. To the contrary, most of the currently accepted safety data on GMOs is utter rubbish, he claims, because it relies on flawed methodologies and dishonest protocols.