And like every socialist (or despotic tyrant for that matter) who promises the sun, moon and stars... if only he had access to an infinite supply of (soon to be devalued cash), Lula quickly grasped that what he needs is to strip the central bank of its independence. As such, his saber-rattling is born in large part out of frustration, investors say, with the growing clash between their fiscal policy - aimed at boosting a sputtering economy - and the central bank’s high interest-rate policy - designed to bring inflation back down to target.
S. America: You Get What You Vote For? Or the CIA picks for you...?
S. America: You Get What You Vote For? Or the CIA picks for you...?
S. America: You Get What You Vote For? Or the CIA picks for you...?
Zero Hedge Brazil Article Lula wants to control the money supply….what could go wrong?
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