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NEWS AND VIEWS THAT IMPACT LIMITED CONSTITUTIONAL GOVERNMENT

"There is danger from all men. The only maxim of a free government ought to be to trust no man living with
power to endanger the public liberty." - - - - John Adams

Wednesday, December 4, 2013

Obama could learn from Brazil's growing economy


If Brazil could find a way to monetize their beautiful women they would be the richest nation on earth.

Brazil Has Many Fine Assets
Brazil's economy grew in the 3rd quarter by 2.2%


Attention Comrade Obama  -  Brazil is aggressively developing their oil reserves, growing their economy and working to control inflation.  Maybe you should skip a golf game, fly to Brazil and take a few lessons in economics.

The Instituto Brasileiro de Geografia e Estatistica (IBGE) said that Brazil's economy shrank by 0.5% in the 3rd quarter, compared to the previous one.

However, compared with the same quarter last year, the economy grew 2.2% reports BBC News.

Analysts had expected Brazil's economy to shrink by just 0.2%.

The drop was mainly due to the performance of its agricultural industry, which shrank 3.5% between July and September compared with the previous three months.

Andre Perfeito, chief economist at Gradual Investimentos, said he would lower his projections for next year to 2.4% or 2.5% from 2.7%.

Similarly, Flavio Serrano, an economist at Espirito Santo investment bank, said he now expected growth for the full year to be closer to 2.2% or 2.3% than the 2.5% he had previously forecast.


Getting Inflation Under Control

Brazil's central bank has raised its benchmark interest rate to 10% from 9.5%, the sixth time in a row that it has put up borrowing costs.

The latest rise has taken the key rate to the highest level since March 2012.

The rises come as Brazil has been trying to rein in inflation. Consumer prices in the country rose by 5.8% in October from a year earlier, above policymakers' 4.5% target.

Prices have been rising in part due to the fall in the Brazilian currency.

(BBC News)

Brazil Cracks Down on Inflation
The American Federal Reserve is printing money by the trillions and keeping interest rates at near zero all to "stimulate" the economy and keep re-electing the incumbent politicians.  While down in Brazil they have been increasing their interest rates (currently to 10%) to put a damper on inflation and protect the long term growth of the economy.

American Inflation is really 9%
The U.S. government claims our inflation is about 1% (red line above).  A total lie as anyone who buys products knows.  The blue line above is the is the true inflation rate based on the methodology which was employed prior to 1980.
See more at Shadowstats.com - inflation charts

Brazil's Economy
Both firm and uplifting.



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