HELICOPTER BEN Engineered 2% Tax starting TOMORROW on Brazilian Stocks

[peaceandlove]

Bernanke engineered a 2% tax that starts TOMORROW

Posted by HonestyinMedicine on 10/20/09 1:48 PM

What crooks they are in the Federal Reserve! I just learned that starting tomorrow, anyone buying a stock of Brazilian companies will be taxed by a whopping 2% on the purchase! This was evidently a tax that Ben Bernanke dreamed up to cash in on all the investors (who are merely trying to maintain some purchasing power of their money) by investing in countries that aren't backed by the tanking dollar whose currencies are more stable.

I bet Brazil doesn't even get to keep the tax. I bet it get's funneled back to the greedy New World Order Elites and those in the Federal Reserve. This is OUTRAGEOUS!

I called Congressman Brown's office as well as Senator Graham's office to let them know how I felt about that (and of course that they support NO version of a federal health insurance program that mandates coverage or that has a public option or will change the options currently available. I suggested that if the states in the northeast just did what most states do and established a high risk health insurance pool, we wouldn't even have a "health care crisis". I also suggested that a health insurance policy never saved a person's life but it was the providers that did that. Why aren't they focusing on a voucher program for actual care for those that don't have insurance. That way we'd only be paying for those needing care, not for those with expensive insurance policies who aren't using them)

But back to what REALLY INCENSES me is that Congress hasn't even been privy to this this 2% tax on Brazilian investments. I called my brokerage and they didn't even know about it. Not only that but Yahoo Finance is censoring people's posts on the EWZ (the Brazilian ETF (exchange traded fund) message board by deleting anything that is derogatory about the tax or comments about the Federal Reserve.

WHAT A COUNTRY this is becoming. GRRRRR!

We need HR 1207 passed right away and that Federal Reserve can't be audited soon enough as far as I'm concerned.

Please see the related new articles below.

http://seekingalpha.com/article/1675...t?source=yahoo

http://seekingalpha.com/article/1675...s?source=yahoo

http://www.reuters.com/article/marke...0091020?rpc=44

SOURCE and COMMENTS: http://www.campaignforliberty.com/blog.php?view=26679

The only comment so far says: It was the Brazilian government that's charging a 2% tax on foreign investors.

HELP STEVE A. ~ Commentary please?

[Steve_A]

Hi peaceandlove,

The angle of the story down here is that the Brazilian Government started to charge the 2% investment tax to try and stem the influx of US$.

The R$ (Real) has strengthened nearly 30% this year against the US$ and exports are suffering because of this, along with disloyal dumping by the Chinese.

The idea of the Government here is to try and strengthen the US$ by not making it such a viable thing to do of investing down here (sending in even more US currency) to weaken the R$ so that national products become more interesting to foreign nations for them to import from Brazil.

If Bernanke had anything to do with this, I don't know.

By the way, the vast majority of economists (even those who are against the ideology of the Federal Government) are on board with this strategy.

Hope this clears things up a little.

Best regards,

Steve

Originally Posted by peaceandlove

Bernanke engineered a 2% tax that starts TOMORROW

Posted by HonestyinMedicine on 10/20/09 1:48 PM



Please see the related new articles below.

http://seekingalpha.com/article/1675...t?source=yahoo

http://seekingalpha.com/article/1675...s?source=yahoo

http://www.reuters.com/article/marke...0091020?rpc=44

SOURCE and COMMENTS: http://www.campaignforliberty.com/blog.php?view=26679

The only comment so far says: It was the Brazilian government that's charging a 2% tax on foreign investors.

HELP STEVE A. ~ Commentary please?