Patrick Gillespie on Brazil's Currency Crisis

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  • Опубликовано: 22 дек 2024

Комментарии •

  • @franp3957
    @franp3957 День назад +9

    FAZUELE 😂

  • @THZR777
    @THZR777 День назад +10

    What a joke Brazil is growing 3,7% in GDP in 2024, 4th in the world between G20

  • @Luizanimado
    @Luizanimado День назад +25

    Things here in Brazil are terrible, the government keep spending money and keeps increasing taxes.
    The money is devaluing a lot because if it

    • @Udavizinhu
      @Udavizinhu День назад +7

      Não mente não é feio!

    • @Luizanimado
      @Luizanimado День назад

      @@Udavizinhu It's not a lie, Brazil's debt is 300 billion, 300 billion unpaid that we will have to pay, the government is in fact spending a lot of money, the government's own website shows how much it spends, tell me exactly where I'm lying.
      Taxes have really increased in recent years, we can use import taxes as an example, where the Lula government increased import taxes to 100%. Is that a lie?
      There is absolutely no lie, inflation has in fact been increasing, the real has been devaluing.

    • @fabioslv
      @fabioslv День назад +6

      ​​@@Udavizinhu Explica aí o porquê o deficit atingiu nível histórico, o dólar está em níveis histórico e o juro se encaminha para absurdos 15%. Explica bem pois provável que o Haddad utilize seu comentário. Aaah aproveita e explica por que o o governo diz que o desemprego é o menor da história mas os gastos com seguro desemprego nao param de crescer (essa eu quero ouvir).

    • @NoemiaLangone
      @NoemiaLangone 12 часов назад +2

      Do you Know how much is the deficit of USA? Isn’t billions it is trillions very close to 40 tri... stop saying lies about Brazil.

    • @fabioslv
      @fabioslv 12 часов назад +1

      @@NoemiaLangone Are you serious that you want to compare the Brazilian economy with the American one? Let's start with basic macroeconomics, look up the size of each country's GDP in DOL and then come back here.

  • @tahiti1
    @tahiti1 День назад +21

    I'm in the south of Brazil now. Crisis, what crisis!! Everyone on holiday living the dream, and large numbers of Argentine tourists flocking here to spend their dollars that they keep outside of Argentina.

    • @ignacio.carral
      @ignacio.carral День назад +8

      That's because the Real has devalued a lot, and our peso has gained a lot of purchasing power.

    • @Udavizinhu
      @Udavizinhu День назад

      É o Deus Mercado com seus especuladores juntamente com o Banco Central que está fazendo isso para precionar o governo!!!

    • @thiagopestana4537
      @thiagopestana4537 День назад +3

      ​@@ignacio.carralThe real has lost value in relation to the dollar, not the peso. Compared to the real, the peso is still worthless.

    • @ignacio.carral
      @ignacio.carral День назад

      @@thiagopestana4537 Not for very long. Brasil is extremely cheap to us, Argentines.

    • @ignacio.carral
      @ignacio.carral День назад +1

      @@thiagopestana4537 A lot of your countrymen came here for the final of the Libertadores, and they complained a lot about the prices here. That means the peso has recovered its strength compared to the real, the US dollar, etc.

  • @Travis1.979
    @Travis1.979 День назад +5

    Fazuely.

  • @sidneyparizotto8911
    @sidneyparizotto8911 День назад +13

    With Lula in Brazil the economy is every day worse and worse. They don´t accept and understant the urgency to control the public deficit. They spend to much, very bad and sometimes for nothing.

    • @Udavizinhu
      @Udavizinhu День назад

      Mente que nem sente né! Isso que está acontecendo não tem nada a ver com gastos de governo, a Elite quer é que o governo tire mais dos pobres!!! e nada deles!!!

    • @Luizanimado
      @Luizanimado День назад

      ​@@Udavizinhu E as taxas da ali express, isso foi pra tirar dinheiro dos ricos? kkkkk|
      Adimite mano, esse governo é um lixo, a unica coisa que o governo fez foi aumentar um monte de impostos ao longo dos anos, e mesmo assim os gastos foram tantos que sobrou uma divida de mais de 300 billhões por ano, e o governo só aumenta impostos pra tentar pagar, e quem se ferra com isso é justamente a gente que é mais pobre.
      Dizer que o que os gastos do governo não tem nada a ver com a crise, é o mesmo que um cara ficar bebado e bater o carro, e dizer que não tem nada a ver com bebida, mas enfim, se você quiser continuar mamando politico como se fossem deuses, fica aí, mas daqui 2 anos quando a dolar chegar a 10 e a gente ter que pagar ainda mais impostos não vem reclamar.

    • @foggybeat946
      @foggybeat946 18 часов назад

      Your ",public deficit" agenda deae Sydney is a crook s fairy tale . Or plainly a Sales talk necessity for the financialized roulette on a daily basis. They swallow d profit direct from taxpayer's money. Btw they Just Lost their Central Bank protector who was leading the band and the game

  • @rodrigoc112
    @rodrigoc112 15 часов назад +4

    Brazil is in a dire situation. Lula goverment is persecuting political adversaries, including members of the Brazilian congress. The public deficit is increasing fast. Instead of cutting expenses, Lula is increasing taxes.

    • @tomare6479
      @tomare6479 4 часа назад

      These marxists crazy

  • @Kadueduardobrazil88
    @Kadueduardobrazil88 7 часов назад

    Brazil is growing fast, almost 4% in 2024. Currency speculation is what happened.
    Sure, the widows of the Bolsonaro extreme populism still crying for the lost and to see the country moving forward. Less ideology is the best way now to continue to grow.

  • @ricardogurgel
    @ricardogurgel День назад +12

    Lula is a public deficit factory, his the total opposite is Milei! This is why Argetina is getting bigger and Brazil is getting Lower

    • @mauriciofonseca2079
      @mauriciofonseca2079 День назад +3

      Argentina poverty inscreased 24% in two years, what stipidity is that ??? 🤨

    • @Luizanimado
      @Luizanimado День назад +6

      ​@@mauriciofonseca2079Argentina poverty was increasing for years, for the first time inflation decreased significantly, GDP increased without government spending, and now there will be a 90% tax cut, this is something impressive, it is undeniable that Argentina is getting better.

    • @Luizanimado
      @Luizanimado День назад +4

      @@mauriciofonseca2079 Just check again, Not only did inflation decrease and GDP increase, but poverty began to decrease in Argentina in the third quarter.
      So, are you going to keep saying that freedom doesn't work?

  • @fabioslv
    @fabioslv День назад +9

    Everyone gave their opinion in the last Brazilian election and supported Lula. Most Brazilians knew that Lula would destroy the economy, which is indeed happening. Next time, take care of your countries.

  • @rosimeirealcides692
    @rosimeirealcides692 22 часа назад +4

    Lula é um condenado da justiça

  • @papi8659
    @papi8659 День назад +5

    He accepted Italian citizenship, am amazed Argentians are ok with their president accepting another country's citizenship...

  • @verdeaqua3990
    @verdeaqua3990 15 часов назад +1

    BS fake reporting all back to normal in BR now do your homework!

  • @Lucas_Ficz
    @Lucas_Ficz День назад +11

    All you guys know is to have news about how terrible, not good, deplorable Brazil's situation is. Every single time Brazil is mentioned in the news is only for that. You guys sure don't want to make people know that we have a record low unemployment under the new government, record low levels of poverty, economic growth that is higher than most advanced economies (we are an advanced emergind economy ourselves)... But no, all you guys must advertise is how much of a terrible place Brazil is for an investor. Pathetic!

    • @Luizanimado
      @Luizanimado День назад

      Unemployment is the only thing that has improved, and even that is debatable, since in the data from IBGE who receives family allowance was not considered, the economy grow data was also just because of the amount of government spends, that we can't even pay.
      What about the high inflation and devaluing if the coin, what about the average tax increase of 30% per year.
      Things here are terrible man, stop lying, and stop sucking the dick of politicians

    • @mauriciofonseca2079
      @mauriciofonseca2079 День назад

      true, our GDP growth is 7% accumulated in 2 years.

    • @Luizanimado
      @Luizanimado День назад +5

      ​@@mauriciofonseca2079The GDP increase because the government increase spends, the problem with this is that now Brasil has a very high debt, every year since the Lula government the debt had increase, so the solution of Lula was to increase the taxes, the problem is that this makes the population more poor in long term, and devalues the coin.
      So the GDP is what economists call a fake gdp, while Argentina had a growth on GDP without any more government spends, and that is some truly amazing.

    • @Remychat9
      @Remychat9 15 часов назад +1

      It will not last with those deficits … It is unsustainable and the debt and interest rate will reverse everything you mentioned.

  • @ominci
    @ominci 22 часа назад +1

    O Brasil passou na mão de especuladores : O Banco Central (BC) revisou a projeção de crescimento do Produto Interno Bruto de 2024 para 3,5%. No relatório anterior, *a estimativa era de 3,2%*
    ( Em 2023, 1,4% da população de Santa Catarina estava em situação de extrema pobreza )

  • @ramonreis5585
    @ramonreis5585 2 часа назад

    Argentina is far from Brazil strong ECONOMIE. Comparison both is a waist of time!
    Regarding Brazil, Lula will not survive 2 years in power playing the game as he is doing now! The system will remove him quick! Just wait and see!

  • @louistan7560
    @louistan7560 2 дня назад +6

    There is no currency crisis.

    • @ricardogurgel
      @ricardogurgel День назад

      ahahahahah Lula is a public deficit factory, so he is a Real destroyer

  • @Marxiton
    @Marxiton День назад +2

    Faz o L cambada. Olha os gringos fugindo daqui do Bostil.

  • @mauriciofonseca2079
    @mauriciofonseca2079 День назад +4

    Brazil since 2023
    Investments - UP
    Industry/services- UP
    Employment - UP
    Familly consume - UP

    • @Remychat9
      @Remychat9 15 часов назад

      Real down from 4.97 to 6.09 in one year… 22.5% lower!

  • @FinanceMacroInsights
    @FinanceMacroInsights День назад +1

    👍🏻

  • @foggybeat946
    @foggybeat946 19 часов назад

    This mouthknows a shit nothing of how currency Works and even less of how easy the Exchange market cn be manipulated in Brazil. By the way local currency has revalued 30% overnigh. A gamblers game that a few banks and brokers have tried rd to hit the govt

    • @Remychat9
      @Remychat9 15 часов назад +1

      Ir revalued 3% only and was done by buying 12B to avoid further loss in Real.
      A year ago today the Real was 4.97 to the dollar … Today 6.09
      A huge fall of 22.5% in a year!