{"id":18966,"date":"2016-03-17T13:16:35","date_gmt":"2016-03-17T18:16:35","guid":{"rendered":"http:\/\/olduvai.ca\/?p=18966"},"modified":"2016-03-17T13:16:49","modified_gmt":"2016-03-17T18:16:49","slug":"its-all-fked-brazil-descends-into-chaos-as-rousseff-lula-wiretaps-trigger-mass-protests","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=18966","title":{"rendered":"“It’s All F**ked”: Brazil Descends Into Chaos As Rousseff, Lula Wiretaps Trigger Mass Protests"},"content":{"rendered":"

“It’s All F**ked”: Brazil Descends Into Chaos As Rousseff, Lula Wiretaps Trigger Mass Protests<\/a><\/h3>\n
Just yesterday,\u00a0we said the following<\/a>\u00a0about Brazil: It seems as though this country can\u2019t get through a single day without some piece of political news or economic data creating confusion and turmoil.<\/div>\n
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We said that on the way to noting that central bank chief Alexandre Tombini looked set to resign for fear that former President Lula\u2019s new cabinet position and attendant promise to “turn the economy around” would lead invariably to government interference in monetary and FX policy.<\/p>\n

As regular readers and Brazil watchers alike are no doubt aware,\u00a0the BRL has been on a veritable rollercoaster ride of late and it\u2019s all thanks, one way or another, to Lula<\/strong>. The currency rallied on his arrest, sold off when he was offered a position in Rousseff\u2019s cabinet, and now, is headed sharply higher after a court injunction blocked his nomination as chief of staff.<\/p>\n

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The injunction appears to stem from some 50 audio recordings released to the media on Wednesday by Judge Sergio Moro<\/strong>, the lead prosecutor in the car wash probe. At least one of the recordings seems to suggest that\u00a0Rousseff did indeed offer Lula the ministry post in order to shield him from prosecution<\/strong>.<\/p>\n

The most damning call was recorded on Wednesday afternoon, when\u00a0Rousseff can be heard telling Lula that she is sending him his ministerial papers \u201cin case of necessity.<\/strong>\u201d Obviously, that sounds a lot like an attempt to make sure Lula has proof of his new position in case authorities come to arrest him before he\u2019s sworn in. In Brazil, ministers can only be tried in the Supreme Court which, as you might imagine, could take virtually forever compared to lower courts.<\/p>\n

Lula was questioned earlier this month in connection with the possibility that he received luxury properties in exchange for favors tied to the Petrobras scandal.<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

“It’s All F**ked”: Brazil Descends Into Chaos As Rousseff, Lula Wiretaps Trigger Mass Protests Just yesterday,\u00a0we said the following\u00a0about Brazil: It seems as though this country can\u2019t get through a single day without some piece of political news or economic data creating confusion and turmoil. We said that on the way to noting that central […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[6],"tags":[90,1769,7001,9147,1921,13004,657,13005,7129,4318],"class_list":["post-18966","post","type-post","status-publish","format-standard","hentry","category-liberty","tag-brazil","tag-corruption","tag-dilma-rousseff","tag-lula-da-silva","tag-new-york-times","tag-nomination","tag-protests","tag-sergio-moro","tag-testimony","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/18966","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18966"}],"version-history":[{"count":2,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/18966\/revisions"}],"predecessor-version":[{"id":18968,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/18966\/revisions\/18968"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18966"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18966"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18966"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}