June 18, 2013
Brazil sees largest protests in decades as unrest hits second week
Mass protests continued throughout Brazil on Monday, with hundreds of thousands of demonstrators converging in Sao Paulo, Rio de Janeiro, Belo Horizonte, the capital of Brasilia and other cities.
Protests initially began last week following a government announcement of an increase in public transportation costs, which brought out students and young workers and led to more than 250 arrests.
According to reports by Brazilian media such as Jornal do Dia, the initially peaceful demonstrations last week became heated, and led to clashes with Brazil’s riot police that left at least 100 injured in the major cities of Brasilia, Sao Paulo, Rio de Janeiro and Belo Horizonte.
Though the protests initially began following the announcement of bus fare increases, they have evolved to include a wide range of groups that have grown dissatisfied over everything from government corruption and income inequality, as well as to outrage over the police’s harsh response to protesters last week.
In a sign that public dissatisfaction was still simmering, soccer fans booed president Dilma Rousseff on Monday during the opening of a two-week tournament at a stadium in the capital Brasilia. The heckling only intensified when the president of the global soccer body, FIFA, reprimanded the crowed for failing to show the president “respect.”
Though Rousseff was able to ride on her predecessor’s popularity, Brazil’s economic growth has slowed considerably since she took over from Luiz Inacio Lula da Silva, who is widely credited with lifting 40 million Brazilians out of poverty. Brazil’s economy has posted its worst two-year performance in over a decade, and inflation rose to 6.5 per cent in May.
At least 20,000 Brazilians were expected to demonstrate in Sao Paulo on Monday, with organizers placing the figure closer to 30,000.
May 8, 2013
A shocking video of Rio de Janeiro police in a helicopter firing on a moving car in a populous slum has sparked a probe. Footage emerged of the high-octane chase a year after it happened, raising concerns over the excessive use of police force – READ MORE: http://on.rt.com/alluai
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April 1, 2013
The U.S Dollar is quickly losing its status as the world reserve currency. Five of the top ten economies in the world, plus a few others, no longer use the dollar as an intermediary currency for trade. This trend poses a huge risk to the dollar and the United States along with it.
ZeroHedge points out today that Australia, the world’s 12th-ranked economy, has now joined a growing list of nations that have agreed to bypass the dollar in bilateral trade with China. China, ranked 2nd behind the U.S., also has similar agreements with Japan (3rd), Brazil (6th), India (9th), and Russia (10th).
Although unilateral agreements have been in place for some time between China and the countries listed above, last week the BRICS (Brazil, Russia, India, China and South Africa) agreed to set up a development bank to compete with the IMF, indicating it’s gearing up to compete in a post-dollar world.
Additionally, Brazil, who agreed in principle to drop the dollar with bilateral trade with China some time ago, just made it official with $30 billion in annual currency swaps which will facilitate around 50% of all trade between them.
Besides those agreements with China, some of these nations have made other similar agreements with each other. India and Japan began swapping $15 billion in each other’s currency in 2011 to handle their bilateral trade. And the sanctions against Iran haven’t stopped them from trading oil with China, Russia, and India in anything but the dollar.
Here’s how the current reign of the US dollar compares to previous world reserve currency:
It appears that the dollar is certainly nearing the end of its reign, which could lead to severe economic hardship for the United States.
Dave Hodges writes:
The United States’ good economic fortune is due solely to the fact that world must use the dollar, the Petrodollar if you will, in order to make their nation’s individual oil purchases; this provides the only source of backing for the U.S. dollar that the Federal Reserve requires in order to somewhat sustain our back-breaking debt that the banker-occupied United States government has passed along to the American taxpayer in the form of bailouts.
And Marin Katusa of Casey Research writes:
If the US dollar loses its position as the global reserve currency, the consequences for America are dire. A major portion of the dollar’s valuation stems from its lock on the oil industry – if that monopoly fades, so too will the value of the dollar. Such a major transition in global fiat currency relationships will bode well for some currencies and not so well for others, and the outcomes will be challenging to predict. But there is one outcome that we foresee with certainty: Gold will rise. Uncertainty around paper money always bodes well for gold, and these are uncertain days indeed.
America’s imperialism, combined with its ultra-fiat status of unending debt creation, appears to have created a final downward spiral that has caused many of the top economies to abandon a sinking ship. It might not be too much longer before the rest follow suit. Now might be a great time to consider diversifying into other currencies, and even digital currencies, to mitigate growing losses in the U.S. dollar.
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March 28, 2013
A new global bank is being born in South Africa – where the world’s top emerging economies are meeting. The new financial powerhouse would be a direct challenger to the World Bank and the IMF – both dominated by the US. Brazil, Russia, India, China and South Africa also green-lighted a new, mammoth crisis fund – and hinted they would ditch the dollar.
May 3, 2012
Yves ‘Jetman’ Rossy continues to push the boundaries of aviation – this time, by successfully completing a flight under a sunny sky over the city of Rio de Janeiro. Yves Rossy, the only person to fly with a rigid wing equipped with four jet engines, dropped from a helicopter over Lagoa Rodrigo de Freitas, where he stabilised the wing and headed full throttle north to circumvent Corcovado. He then tracked south of the city to fly alongside Ipanema, Copacabana, and Sugar Loaf Mountain, before pulling his parachute and safely landing on the infamous Copacabana beach.
Rossy’s carbon-kevlar Jetwing has four engines attached, which each offer a thrust of 22kg, propelling the Swiss aviator at between 200-300kph, controlled by a simple throttle in his hand. The rest of the controls are left to the human-fuselage, Yves Rossy himself who simply usages his shoulders, body and legs to steer, pitch and descend.
Rossy’s previous aerial feats include flying in formation with two L-39c Albatros Jets over the Alps, flying across the English Channel and looping the loop around a hot-air balloon.