The Brazilian gov are full of accusations about corruption involving the state-private company Petrobras we are talking about billions of dollars used for corruption.
you add to it a president unable to do a simple plan or a talk correct in public, all major corrupted-businessmans saying that president Dilma knew about all of this corruption schema and after all of this Dilma made some illegal transactions involving state bank, Central Bank and the Treasure. Brazil right now is a mess.
Some people loves Dilma cause they think she is fighting for the poors and other hate cause the big corruption schema. Causing a division all over the country.
But is not just the goverment involved in this schema all parties and almost 2/3 of politics are under investigation including the opposition.
The people in Brazil are without hope and the economic scenario is worst since 1929
is sad to hear about corruption, but it's fucking everywhere...
that's why btc aplied to politics with change everything
Brazilian people should get prepared for a new bigger international crisis. Buy btc, alts, gold, silver...
Being part of the BRICS is helping anyway? new investments recently?
Nope, China are slowing, Russia pay the price for Crimeia, India is on your on vibe and has its own big problems. Sadly and hopefully the last portion of hope are the new technologies. Bitcoin are becoming more and more popular each day and we have the most advance environment in Fintechs of Latin America.
Thanks for the advise
Sad to hear BRICS are not helping. I guess each one is trying to solve it's own problems...
I found this article about China moving to Gold slowly
http://journal-neo.org/2016/05/18/china-quietly-prepares-golden-alternative-to-dollar-system/Despite the wreck of the US economy and the astronomical $19 trillion public debt of Washington, the dollar still makes up 64% of all central bank reserves. The largest holder of US debt is the Peoples Republic of China, with Japan a close second. As long as the dollar is “king currency,” Washington can run endless budget deficits knowing well that countries like China have no serious alternative to invest its foreign currency trade profits but in US Government or government-guaranteed debt. In effect, as I have pointed out, that has meant that China has de facto financed the military actions of Washington that act to go against Chinese or Russian sovereign interests, to finance countless US State Department Color Revolutions from Tibet to Hong Kong, from Libya to Ukraine, to finance ISIS in the Middle East and on and on and on…
Multi-currency world
If we look more closely at all the steps of the Beijing government since the global financial crisis of 2008 and especially since their creation of the Asian Infrastructure Investment Bank, the BRICS New Development Bank, the bilateral national currency energy agreements with Russia bypassing the dollar, it becomes clear that Zhou and the Beijing leadership have a long-term strategy.
As British economist David Marsh pointed out in reference to the recent Paris Nanjing II remarks of Zhou, “China is embarking, pragmatically but steadily, towards enshrining a multi-currency reserve system at the heart of the world’s financial order.”
Since China’s admission into the IMF select group of SDR currencies last November, the multi-currency system, which China calls “4+1,” would consist of the euro, sterling, yen and renminbi (the 4), co-existing with the dollar. These are the five constituents of the SDR.
To strengthen the recognition of the SDR, Zhou’s Peoples’ Bank of China has begun to publish its foreign reserves total–the world’s biggest–in SDRs as well as dollars.
A golden future
Yet the Chinese alternative to the domination of the US dollar is about far more than paper SDR currency basket promotion. China is clearly aiming at the re-establishment of an international gold standard, presumably one not based on the bankrupt Bretton Woods Dollar-Gold exchange that President Richard Nixon unilaterally ended in August, 1971 when he told the world they would have to swallow paper dollars in the future and could no longer redeem them for gold. At that point global inflation, measured in dollar terms, began to soar in what future economic historians will no doubt dub The Greatest Inflation.
By one estimate, the dollars in worldwide circulation rose by some 2,500% between 1970 and 2000. Since then the rise has clearly brought it well over 3,000%.
http://journal-neo.org/2016/05/18/china-quietly-prepares-golden-alternative-to-dollar-system/
Any news about Brazil Goverment buying gold?