The American Empire in a Changing World


Sunday, September 23, 2012

''Brazil may fire up tax artillery in ''currency war''

From Chicago Tribune

''Brazil threatened on Friday a further clampdown on speculative foreign capital, firing a warning shot in a "currency war" its finance minister blamed on money-printing by Western central banks.
Finance Minister Guido Mantega said Brazil would not allow its currency, the real, to strengthen as a result of aggressive monetary stimulus by the United States and other developed nations.''

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