I remember when I was a child, I opened the newspaper O Globo and it was a real estate magazine around 1992 to 1996, all quoted in dollars, the economy was very dollarized.
CriptoMaricaRJ021
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Bullish
Brazil is starting to make it HARD to send money abroad.
With the sale of almost $10 billion dollars of national reserves under the pretext of slowing the rise of the dollar, and the exit of $1.4 billion dollars from the Brazilian stock exchange, everything indicates that the government is trying to prevent more money from leaving the country to go abroad.
Brazil is going bankrupt, collapse is imminent!
Older people, who are already in their 40s, remember a dark time in Brazil. The year was 1993 and as a representative of the general staff, Fernando Collor de Melo was governing.
At the time, he froze the bank accounts of individuals and legal entities, meaning that all Brazilians, merchants, businessmen, and industrialists could no longer pay their suppliers and employees because all of the company's capital was frozen by the federal government.
Companies went bankrupt overnight.
Markets/pharmacies/gas stations/stores increased the value of their goods 4-5 times A DAY.
In the morning, bread cost 0.10 cents. After lunch, 0.14 cents. At the end of the day, it was almost 0.50 cents.
If you have money in the bank today and live in Brazil, I recommend that you withdraw it and keep it with you.
We are going downhill!
Don't go bankrupt with the government...
Younger people, around 30 years old, who didn't live through Collor's time, search on Google how everything happened overnight.
People lost everything!
Some jumped from the 14th floor... Others were shot... Some used an 8th gun...
Keep your savings. Money in a bank account, and the bank's money, it's not yours!
I hope we don't go through these dark times again. But it's better to be safe than sorry!
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