Stock Markets Applaud a Fascist Win in Brazil

What we’re witnessing in Brazil is a bit of history repeating itself.  As multi-national Big Business sought to socially engineer the fascists winning in Brazil through fake news, so too were these Big Business interests responsible for the rise of Adolf Hitler’s Nazi Germany.  Nazism didn’t originate from the minds of Adolf Hitler and his entourage but was orchestrated in the board rooms of America and Europe.  Hitler was simply a tool of the same political-military-industrial complex which has sought now to bring us Bolsonaro.

Jair Bolsonaro  president elect of Brazil is known to have once dismissed the notion of human rights as a “disservice” to Brazil. He has also known to have once bemoaned the fact that the country’s police force, one of the deadliest in the world, does not have the right to kill more freely, promising to give it “carte blanche” under his administration which absolutely makes him look like an aspiring dictator.

Bolsonaro was born on 21 March 1955 in the town of Glicério, in São Paulo, in the southeast region of Brazil, to Percy Geraldo Bolsonaro and Olinda Bonturi.After high school, he enrolled in Escola Preparatória de Cadetes do Exército (the prep school of the Brazilian Army). He briefly served in the army's parachutist units, and is described as "ambitious and aggressive".by his superiors.

Even though some may disagree, Bolsonaro is not all the way dictatorial from the look of things. He has managed to gain the love and support of Brazilians, mostly by tapping off their depression, scandalous previous government and the country's high crime rate. In 2014, he was the congressman who gained the most votes in Rio de Janeiro, with 465,000 votes. And also has been said to be the only country's politician to raise the highest sum in public donations over a million R$ for his campaign. He, also isn't always talking about giving the police power to shoot at will, early in the campaign, Bolsonaro moderated his tone, taking a less aggressive and confrontational style.

Economically, he started to support the idea of less government intervention in the economy, privatisation of government assets to raise funds that can aid to pay off the national debt. He has also maintained his tough stance on crime and his defence of "traditional family values". Bolsonaro also said he plans to cut taxes across the board, particularly on inheritances and businesses, in order to generate growth and tackle unemployment. He also promised more austerity measures and cuts in government spending. He also mentioned he would work to diminish the size and bureaucracy of the federal government by throwing a wild variety of deregulation measures.

Bolsonaro's promises to restore security amid record high crime and to stamp out the country's rampant political corruption won him huge popular support. Brazil has also been mired in deep economic trouble since 2014. To the poorest Brazilians, Bolsonaro has promised gainful employment and the preservation of their government benefits; to the middle class, a return of the status they lost while the left-wing Workers’ Party was in power; and to the wealthiest Brazilians and investors, open markets, less stringent labour laws, and lower taxes. It’s an attractive agenda for those who believe the economy will only bounce back if the government gets out of the way. Bolsonaro has also promised to eradicate crime, something even his more ardent opponents have welcomed.

According to the Financial Post, following Bolsonaro win Tokyo-listed Brazilian stock exchange traded funds jumped more than 12% when Japanese markets opened following  Brazil’s currency, the real, has gained about 10% against

the dollar in the last month as Bolsonaro’s prospects of winning increased. Sao Paulo’s benchmark Bovespa stock index has risen 13.5% since mid-September.

By January 1 2019 Jair Bolsonaro will be sworn in as president, And the path he will follow is yet to be seen, whether the militaristic or nationalist approach. Given his stands in some human rights issues like “homosexualism”, LGBT rights  and abortion, this raises the question of the faith of the LGBT community in Brazil given that the country has the highest LGBT murder rate, with 380 murders in 2017 a 30% increase from 2016, in 2011 Bolsonaro told Playboy magazine that he  would be incapable of loving a homosexual son, saying, “I would prefer my son to die in an accident” than bring a man home. What can having a president who doesn’t care about LGBT rights do to the country and The LGBT community.


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