KW: The world has been /is ignoring the interconnectiveness of the global economy as a market risk but the beligerance of the U.S. using the U.S.$ as a weapon to destabalise and lead regime change in Latin American countries can not be underestimated. Of course it’s ‘baring fruit’ for the manipulators that control the world. Who knows if/when the stack of cards will fail and is it already? As well as Brazil, also South Africa and in Europe.
With South Africa reeling amid concerns of land expropriation, the rand tumbling amid broad emerging market fears and the local economy pressured by collapsing consumer spending, moments ago the Pretoria-based Statistics South Africa announced that Q2 GDP contracted at a 0.7% annualized rate, missing expectations of a 0.6% increase, and together with the sharp drop in Q1 GDP, South Africa has now officially entered its first recession since 2009.
It’s hard to believe it was only about three months ago. Time flies when disaster unfolds all around you. In early June, Brazil’s central bank arranged a press conference where its President Ilan Goldfajn would set everyone straight. The currency was falling, he admitted, but it would be easily handled by closely following