The prominent U.S. linguist, political analyst and writer slammed the elite in Brazil, saying they carried out a soft coup against the democratically elected president.
Brazilian President Dilma Rousseff is the only leading politician in the country that has not engaged in theft to enrich herself but has been “impeached by a gang of thieves” through a “soft coup” led by the opposition parties in the country, renowned linguist and political commentator Noam Chomsky said in an interview with Democracy Now! on Tuesday. Continue reading »
In a vote whose outcome was largely expected, moments ago the Brazilian Senate concluded a marathon 21 hour session with a 55 to 22 vote to suspend President Dilma Rousseff from office to face an impeachment trial, ushering in a new government to take command of Latin America’s largest economy. Rousseff will be tried on allegations she illegally doctored fiscal accounts to mask the size of the budget deficit.
When officially notified later on Thursday morning, Brazil’s first woman president will be suspended, ending 13 years of rule by the leftist Workers Party, and the “market friendly” Vice President Michel Temer will become acting president during her trial. Continue reading »
The latest numbers coming out of Brazil confirm what Goldman Sachs said last December: “What started as a recession … is now mutating into an outright economic depression, given the deep contraction of domestic demand.”
Translation: President Dilma Rousseff’s attempt to stimulate the slowing economy via massive insertions of new debt has in fact had the opposite result.
Consumers have cut back by more than eight percent across the board, while investment spending has declined more than 10 percent last year, with cumulative capital spending down by 21 percent in the last two-and-a-half years. And there appears to be no end in sight. In Rio de Janeiro alone, 1,200 small businesses have already closed thanks to rising costs and slowing sales. Unemployment is now at 16.5 percent and the real, Brazil’s currency, has lost a quarter of its value against the dollar just in the last 12 months. Continue reading »
Update: Confusion abounds as the government is now said to delay Lula’s appointment after Senator Delcidio Amaral’s plea bargain. According to Veja, Rousseff’s former chief of staff Aloizio Mercadante allegedly offered financial, political and legal aid in exchange for Amaral’s silence.
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Just last week, the BRL was riding high on news that former President Luiz Inácio Lula da Silva was detained in connection with money laundering. He was then charged with corruption by state prosecutors. The market hoped his arrest and possible prosecution would give momentum to the effort to impeach Rousseff. Then, in a dramatic turn of events, Rousseff invited Lula to accept a ministry post yesterday. Initially, reports indicated he would resist the idea of accepting, but that soon changed.
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– Brazil’s President Dilma Rousseff Approval Rating Crashes To 8% – Worst Since Military Dictatorship (ZeroHedge, Aug 10, 2015):
With the economy imploding, currency collapsing, and credit risk soaring, it is perhaps no surprise that just under a year since she was re-elected, Brazil’s President Dilma Rousseff is now Brazil’s most unpopular democratically elected president since a military dictatorship ended in 1985, with an approval rating of just 8%. In a recent poll, 71% said they disapprove of the way Rousseff is doing her job… and two-thirds would like to see her impeached.
Via The Digital Journal,
Dilma Rousseff is now Brazil’s most unpopular democratically elected president since a military dictatorship ended in 1985, says a poll out Thursday that put her approval rating at eight percent. Continue reading »
– NSA spied on Brazil’s President Rousseff, dozens of top officials – WikiLeaks (RT, July 4, 2015):
The US National Security Agency tapped the telephones of 29 Brazilian government top officials as well as waged economic espionage against the country by listening in to calls of those managing Brazilian economy, WikiLeaks claims in a new release.
A top secret NSA target list published by the whistleblowing website Wikileaks on July 4 contains 29 key Brazilian government phone numbers. The list of those selected for intensive interception includes not only President Dilma Rousseff but also her assistant, her secretary, her chief of staff, her Palace office and even the phone in her presidential jet. Continue reading »
– Thousands Crowd Brazil’s Streets: Demand Military Intervention & Rousseff Resignation, Impeachment (ZeroHedge, March 15, 2015):
It appears the ‘people’ are growing more and more dissatisfied with their corrupt and greedy leaders across the world. As we noted recently, Brazil’s economy is imploding, consumer sentiment is at record lows, and with the Petrobras scandal providing a glimpse at just how deep the corruption might go, Brazilians are revolting. Hundreds of thousands are crowding the streets in several regional Brazilian capitals, dominated ironically by the middle and upper classes. Demands for “Dilma Out” and “Impeach Dilma” are also interspersed with calls for a quasi-coup and “military intervention.“
Hundreds of thousands of people protested today against Brazilian President Dilma Rousseff , in Rio de Janeiro, within a day of demonstrations in dozens of cities across the country. 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.
– 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.
– 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.