Brazil State Crisis, Olympics Still Priority?

Brazil’s government has gone beyond embarrassment into full CRISIS state.
Crisis seems to be the fitting description for Brazil today:
corruption crisis, political crisis, economic crisis, health crisis, and education crisis.

“Brazil is in its second year of recession and public accounts are in disarray. Local governments are cutting jobs and delaying payments to state employees for months on end.”

-President Dilma was forced to step aside to fight the impeachment charges, yet she refuses to resign, promising to return to her office after defeating the impeachment.
– Recall Rio de Janeiro declared a “state of public calamity”.
-The beleaguered national currency, the “Real“, is weak and may stoke severe inflation. The talks with creditors will be from a very weak position, and you know how sharks, vultures and other predators react.
-The financial crisis is preventing basic public services receiving required funds. Police stations not getting toilet paper, yet the Olympics are promised to open as scheduled and officials say crisis not a risk at Olympics!

Screen capture show the Real plummeting during recent weeks.

Rio’s Problems Are Growing Worse As The Olympics Get Closer

Last month (16 June 2016) Business Insider reported this image:

Associated Press/Silvia Izquierdo
A man holds a banner designed with images of people killed during police operations against drug traffickers, framed in Olympic rings, with a message that reads in Portuguese: “Rio, Olympic champion of the killing of Indians, and Black people for 450 years” during a protest at the Complexo de Alemao slum, in Rio de Janeiro, Brazil, April 2, 2016.

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Even if there are no risks at the Olympics, what does that mean for the Brazilian citizens?
I can see them resenting the lavish expenditure of taxpayers revenue on the mega sporting events while transportation, hospital, and other social needs failed to receive funds.
Armed military patrols, not to protect the citizens, but to protect the Olympics…

Brazilian economists are aiming for a best hopeful target of 0% growth -which speaks volumes about how deep the negatives are plunging the economy into.
Brazil’s Interim President Michel Temer announced his first measures to try and bring the country back from a crippling recession:
…”it will take 2 or 3 months to get the country out of this crisis.”
Yet, economic professor Silvio Paixao realistically estimates Brazil’s recovery will take years.

Video posted 01 Jul 2016

Demonstrators parade large inflatable dolls, depicting Brazil’s former President Luiz Inacio Lula da Silva in prison garb and current President Dilma Rousseff dressed as a thief, in Sao Paulo on Sunday. The corruption scandal at the state-run oil giant Petrobras has ensnared key figures from Rousseff’s Workers’ Party, including Silva, her predecessor and mentor.

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Tagged with: 2016, austerity, boycott, Brasilia, Brazil, capital, corrupcion, crisis, currency, currency war, debt, Dilma Rousseff, economía, Hedge Fund, insolvency, insolvent government, IOC, loan shark, Michel Temer, money, olimpico, olympics, Portuguese, poverty, predator, protest, real, recession, Rio de Janeiro, social unrest, UEZO universidad, vulture capitalist
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