Wed, Oct 1, 2014, 9:28 AM EDT - U.S. Markets open in 2 mins.

Recent

% | $
Quotes you view appear here for quick access.

The Goldman Sachs Group, Inc. Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • ruudkrul@ymail.com ruudkrul May 13, 2012 4:22 PM Flag

    Prepare for a brave new world

    I’d like to call your attention to something, I would say “weird”
    that’s going on here in Brazil. Just recently, right after the BRICS summit in India, our President
    Dilma started a nasty offensive on Brazilian private banks, urging
    them for STRONG interest rate cuts. Brazilian state commercial bank
    Banco do Brasil slashed its rates by 50% on a single day, in an effort
    to push the private banks to do so.
    > Here are the weirdness of this move:
    Brazillan government NEVER – EVER – messed with the banks,
    > as long as my 39 years old can tell. On the contrary, we were known
    > for bailing out banks in the 90s, years before the 2008 Wall
    > Street-Bernanke bailout party.
    They are DOING SOMETHING. THEY ARE MAKING THIS MOVE FOR SOME
    > REASON. And – at least for Brasil – the interest rate is the tool, or
    > at least the primary tool to be used.
    > And it started right after the BRICS summit in India.
    > What I would like to know, however, is whether or not the other BRICS
    > countries are making this sort of aggressive move as well. Be it in
    > the interest rate side or anything else. Any move that might sound
    > “weird” from their part, could be considered a BRICS summit aftermath,
    > couldn’t it?
    >

    Ben Fulford:
    Thanks for that information. The move to cut interest rates and increase the money supply is part of an offensive against the Western financial mafia who are printing too many dollars and trying to use those dollars to buy assets in Brazil and other countries. It is a way of fighting back by saying that if they keep trying to print too many dollars, other countries will retaliate by printing more of their own currency too.
    Please note that President Putin is not going to the G8 or NATO summits in the USA but is going to the environmental summit in Brazil.
    The whole world is sick of those gangsters in the G7 countries and is fighting to remove them from power.
    Your president is a champion of humanity.

 
GS
183.57-0.33(-0.18%)Sep 30 4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
BioCryst Pharmaceuticals, Inc.
NasdaqGSTue, Sep 30, 2014 4:15 PM EDT
eBay Inc.
NasdaqGSTue, Sep 30, 2014 4:15 PM EDT