OH SH*T: A Global Currency Crisis Has Begun

Signs of currency crisis are starting to appear worldwide, with currencies like Euro dollar and Real in Brazil facing threats of collapse despite interventions by governments.

The emphasis on price illusion and government interventions, especially in the US, has led to a decrease in the economy, causing the Euro to plummet and affecting governments like France and India.

China's attempts to stabilize its economy and the Yuan's decline against the Dollar have negatively impacted the global economy, indicating that Powell’s actions are not the reason for the Dollar's behavior.

Brazil is experiencing a currency crisis with the Real plummeting, despite the Central Bank's aggressive rate hikes and interventions, leading to economic instability.

The Central Bank of Brazil's interventions in the currency market, including rate hikes and direct interventions, have not been effective in stabilizing the economy, resulting in severe impacts on the Brazilian Real and economic indicators.

Brazil's fiscal challenges, including deficits, unsustainable spending, and weak economic recovery, continue to worsen, indicating significant risks and concerns for the country's economy.