Saturday, June 22, 2013

How Currency Wars End

The flareup in Brazil erupted in violence overnight as millions protested corruption, inflation, bus fares and a seemingly growing list of items.

Unsurprisingly, the Brazilian real weakened against the dollar now in its sixth consecutive day of decline.

Bloomberg reports Brazilian Revolt Claims First Fatality as Violence Erupts
 Brazil’s swelling street rebellion claimed its second fatality in the largest and most violent protests yet, as 1 million demonstrators rallied for better public services and an end to corruption.

President Dilma Rousseff, who has been struggling to get in front of the mass movement, will meet with cabinet members today to discuss emergency measures to help quell violence and prepare proposals on education, health and other demands of protesters, a government official aware of her agenda said.


http://finance.townhall.com/columnists/mikeshedlock/2013/06/22/how-currency-wars-end-n1624820/page/full

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