The Federalist: Obama could learn from Brazil's growing economy

Wednesday, December 4, 2013

Obama could learn from Brazil's growing economy

If Brazil could find a way to monetize their beautiful women they would be the richest nation on earth.

Brazil Has Many Fine Assets

Brazil's economy grew in the 3rd quarter by 2.2%

Attention Comrade Obama - Brazil is aggressively developing their oil reserves, growing their economy and working to control inflation. Maybe you should skip a golf game, fly to Brazil and take a few lessons in economics.

The Instituto Brasileiro de Geografia e Estatistica (IBGE) said that Brazil's economy shrank by 0.5% in the 3rd quarter, compared to the previous one.

However, compared with the same quarter last year, the economy grew 2.2% reports BBC News.

Analysts had expected Brazil's economy to shrink by just 0.2%.

The drop was mainly due to the performance of its agricultural industry, which shrank 3.5% between July and September compared with the previous three months.

Andre Perfeito, chief economist at Gradual Investimentos, said he would lower his projections for next year to 2.4% or 2.5% from 2.7%.

Similarly, Flavio Serrano, an economist at Espirito Santo investment bank, said he now expected growth for the full year to be closer to 2.2% or 2.3% than the 2.5% he had previously forecast.

Getting Inflation Under Control

Brazil's central bank has raised its benchmark interest rate to 10% from 9.5%, the sixth time in a row that it has put up borrowing costs.

The latest rise has taken the key rate to the highest level since March 2012.

The rises come as Brazil has been trying to rein in inflation. Consumer prices in the country rose by 5.8% in October from a year earlier, above policymakers' 4.5% target.

Prices have been rising in part due to the fall in the Brazilian currency.

(BBC News)

Brazil Cracks Down on Inflation
The American Federal Reserve is printing money by the trillions and keeping interest rates at near zero all to "stimulate" the economy and keep re-electing the incumbent politicians. While down in Brazil they have been increasing their interest rates (currently to 10%) to put a damper on inflation and protect the long term growth of the economy.

American Inflation is really 9%
The U.S. government claims our inflation is about 1% (red line above). A total lie as anyone who buys products knows. The blue line above is the is the true inflation rate based on the methodology which was employed prior to 1980.
See more at Shadowstats.com - inflation charts

Brazil's Economy
Both firm and uplifting.

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Thomas Pinckney, Federalist

Commissioned as captain in the 1st South Carolina Regiment of the Continental Army. After seeing much action, he became an aide-de-camp to General Horatio Gates. He was captured by the British at the disastrous Battle of Camden in 1780. After recovering from his wounds, he was released in a prisoner exchange. In 1781 he fought under Lafayette in Virginia. Appointed by President George Washington to be the U.S. minister to Great Britain served as Envoy Extraordinary to Spain. The Federalist Party made him a candidate in the 1796 presidential election as the intended running-mate of John Adams. Served as Congressman and Governor of South Carolina. Served as a major general in the Army during the War of 1812.

Henry Lee III, Federalist

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WILLIAM PATERSON, Federalist

James Hillhouse, Federalist

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Oliver Ellsworth, Federalist

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Robert Goodloe Harper, Federalist

At the age of fifteen, Harper joined a volunteer corps of Cavalry and served in the American Revolutionary Army. Harper was elected as a Federalist Congressman from South Carolina (1795 - 1801). In 1798 at a dinner in Philadelphia honoring John Marshall, a group of U.S. Congressmen were discussing a recent demand made by the government of France. French vessels had been plundering US ships in a piratical manner. French foreign minister Talleyrand said the attacks would be stopped if the US paid him $250,000 and gave France 50,000 pounds sterling and a $100 million loan. As toasts were made, Harper sent his own defiant reply to the French with this toast: “Millions for defense but not one cent for tribute.” Harper served in the War of 1812, attaining the rank of major general. He moved to Maryland and was elected as a Federalist to the US Senate. He was an unsuccessful Federalist candidate for Vice President in the 1816 election. He also received one electoral vote for Vice President in the 1820 election.

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Alexander Contee Hanson, Federalist

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William Bingham, Federalist

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David Cobb, Federalist

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Josiah Parker, Federalist

In 1775 Parker enlisted in the Continental Army. He was commissioned a major in the 5th Virginia Regiment in 1776 and became its colonel in 1778. His regiment served in Virginia under General Charles Lee and was transferred to George Washington. The regiment thereafter saw action at the Battles of Trenton, Princeton, Brandywine, Germantown, Monmouth and the Siege of Charleston. During Cornwallis's Virginia campaign in 1781, the notorious Colonel Tarleton ransacked his home. He was elected to the First US Congress from Virginia serving for twelve years.

William Stephens Smith, Federalist

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John Rutledge, Jr., Federalist

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Philip Barton Key, Federalist

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