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Josh Sigurdson talks with author and economic analyst John Sneisen about the Brazilian Real, Brazil’s currency as it continues to tank.
El-Erian, the Chief Economic Adviser to Allianz SE as well as a Bloomberg contributor has warned that Brazil may be the next emerging market domino to fall.
The Brazilian currency, the Real has seen a vast loss in value, even after Brazil’s central bank offered $1.5 billion in extra swap contracts. Isn’t that hilarious. Who would’ve thunk?
As risks become greater, more centralization is obviously not the answer, but of course that is exactly what the government and banking system will do. Debt subservience is the name of the game and you are the props.
All fiat currencies eventually revert to their true value of zero. They always have, they always will going back to 1024AD in China. This time is no different.
The cure is simply self sustainability and financial responsibility. It comes down to you as an individual understanding money so you control money rather than being oblivious and controlled BY money.
Doing your own due diligence, you can be prepared for the inevitable to come. Of course fundamentals are off the table due to the level of manipulation in the monetary system as well as the markets, so you cannot put a date on the crash, but you know it has to come, therefor it’s important to understand the clear and present dangers.
Stay tuned as we continue to cover this issue!
Video edited by Josh Sigurdson
Graphics by Bryan Foerster and Josh Sigurdson
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