Is Brazil about to become a fascistic dictatorship (aka right wing paradise)?

Discussion in 'Politics' started by Here4money, Feb 23, 2021.

  1. Here4money


    Inquiring minds need to know...
    Trumphino seizing power of infrastructure ahead of 2022 election.

    Investors flee Brazil, Petrobras as Bolsonaro sparks crisis of confidence
    Feb. 22, 2021 6:26 PM ETPetrĂ³leo Brasileiro S.A. - Petrobras (PBR)By: Carl Surran, SA News Editor42 Comments
    • Petrobras (PBR -21.0%) lost a fifth of its market value today after Brazil's President Bolsonaro named an army general to take over the oil giant in an apparent bid to control fuel prices, sparking an investor crisis of confidence in his administration's previous commitment to free market policies.
    • As investors fled Brazilian assets, the Bovespa stock market index fell nearly 5%, while the Brazilian real slumped more than 1% vs. the dollar; prices of bonds tied to Petrobras also fell.
    • Shares of Brazil's biggest power companies also fell after Bolsonaro told supporters that he planned to "stick his finger" in that sector too: EBR -2.2%, ELP -5.6%, UGP -7.4%.
    • Shares of Brazilian banks were thrashed: ITUB -9.3%, BBD -7.8%, GGAL -6.9%, BSBR -5.8%,
    • Also: VALE -3.8%, GOL -6.3%.
  2. Damn... I own GOL..... politicians always fucking with my money
  3. Just wait till your hear about the "fine" job that Bolsonaro did with COVID in Brazil.
  4. Tsing Tao

    Tsing Tao

    I guess when extreme liberals praise these south american lunatics, they're doing so because of the "right-wing" qualities of the socialism. Or something.
  5. Are yo trying to claim that Bolsonaro is not a right-wing leader?
  6. Tsing Tao

    Tsing Tao

    Not him specifically. I know little about the guy other than he is - or rather was - a populist defined leader for Brazil. I know you hate the guy for his COVID stance, which makes me instantly suspicious of anything you say about him. But he could be a clown for all I know and care.

    I just laugh whenever these dictators come to power in South and Central America and put very clear socialist policy (economically) in place, and then you see liberal actors praise them, and the left tries to claim they are right wing fascists once everything falls apart.

    This may or may not be the case for this guy. Again, I don't really care.
    smallfil likes this.
  7. Tsing Tao

    Tsing Tao

  8. Wouldn't want to disappoint.
  9. Liberals confuse/conflate "right wing" and Fascism. They don't realize that Fascism is actually extreme Leftist. Like always, "accuse others of what you are or are doing".
    #10     Feb 23, 2021