Lula, Workers Party Propose BRICS linked “National Emergency Plan” for Brazil; London Goes Apoplectic
On February 26, Brazil’s ruling PT party approved a “National Emergency Plan” (NEP) that urges President Dilma Rousseff to clip the wings of the usurious financial sector operating in Brazil and sharply reduce domestic interest rates; use the country’s sizable, $371 billion in foreign reserves to establish a National Development and Employment Fund for infrastructure development; and work closely with the BRICS New Development Bank and Chinese banks to achieve these goals.
The plan is reported to have been personally drafted by PT president Rui Falcao, and has the full backing of former Brazilian President Luiz Inacio Lula da Silva, who was arrested and hauled in for questioning by police for three hours in relation to the corruption scandal sweeping the country, on March 4, exactly one week after the NEP was released. The emergence of the NEP reflects the fact that there are significant forces in Brazil that are not prepared to roll over and play dead before the ongoing British Empire drive to topple the Rousseff government, as part of their global operations to destroy the BRICS option.
The 22 point NEP reads in part:
“1. A large reduction in the prime rate, as a fundamental element to reduce the Nation’s nominal deficit, and increase public investment… [and] promote the resumption of economic growth.
“2. Use of part of the international reserves for a National Development and Employment Fund, for infrastructure, health, housing, energy renewal and urban transportation projects…
“20. Establishment of funds for investment in special projects, backstopped by credits obtained from the BRICS New Development Bank, multilateral financial institutions, and Chinese banks.”
In a March 3 article written from Sao Paulo, where he has been deployed to oversee the British Empire plot to overthrow the Rousseff government, {Telegraph} columnist and MI6 hitman Ambrose Evans-Pritchard went ballistic against the NEP proposal:
“Demanding a sharp cut in interest rates [is] a move that would effectively strip the central bank of its independence… [The NEP] means a statefinanced industrial policy, a blitz of investment in infrastructure, health and housing, as well as job programs and a rise in salaries. The thrust of the policy implies a partial retreat into autarky.” After reporting that “investors” are “horrified” at the proposal, Evans-Pritchard elaborated: “`If the PT taps the reserves, they risk setting off a run on the currency. This is very dangerous,’ said one economist, dismissing the scheme as complete madness.”
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