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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 387.40+0.5%Dec 9 4:00 PM EST
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To: arun gera who wrote (161712)8/26/2020 7:08:53 AM
From: THE ANT3 Recommendations

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pak73
Pogeu Mahone

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Brazil tried that back in 90s. The elite and their minions (unions, government workers, press, teachers, state banks) had their wages tied to inflation. When the population kept growing but the economic pie did not, they kept up with inflation but let the 80% receiving one minimum wage go from $400 a month to $40 a month with inflation at 35% a month. I was sitting in Rio at a beach front café reading the paper. It said "wake up Brazil we are in a civil war. More people are dying on the streets of Brazil than Yugoslavia" Well the elites who were quite happy with the situation until the realized that even they were threatened by the situation and put Fernando Henrique into power. Within one year minimum wage was $80 a month and inflation 0. The next 20 years were spent transferring more money (Lula) to the minimum wage people. The government let corruption run wild and followed socialist policies (Democratic party) and eventually they were taking so many taxes from the small productive group that everyone lost. Bolsonaro is the pendulum swinging back. Like the US elite the Brazilian elite have continued to live like kings and don't give a shit, as long as the arraignment is stable and they remain in power. See any similarities with the US system?
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