Soros man into Brazil's Central Bank

Chris Burford cburford at gn.apc.org
Wed Feb 3 23:30:52 PST 1999


Soros's men are moving into government. One of his closest financial allies has just been appointed to take over the central bank of Brazil.

Poachers turned gamekeepers.

Is that good for social control, or bad?


> "The speculators were so successful in
> their attack on our currency that they
> not only devalued the real but they've
> taken over the Central Bank," said
> Workers Party lawmaker and
> left-wing economist Aloisio
> Mercadante.
>
> But Mercadante conceded Fraga
> would probably manage to stabilize
> Brazil's newly floated real, an essential
> first step before the government can
> cut soaring interest rates to ease a
> looming recession and reduce the
> threat of a debt default.

Chris Burford

London



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