ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Brazilian Financial Scam

Michel Chossudovsky Since July this year, 30 billion dollars have been taken out of Brazil The loot has been transferred into the coffers of western banks and the overseas dollar accounts of Brazil's financial elite. The conditions enabling the outflow of the country's hard curreny reserves had been carefully worked out by the IMF and the government of Fernando Henrique Cardoso in consultation with the world's largest commercial banks and brokerage houses.

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