IBOV 173,695.84 ▲ 1.04% IPSA 11,474.31 ▼ 0.55% IPC MEX 65,522.56 ▼ 0.38% MERVAL 2,982,634 ▼ 0.42% COLCAP 2,503.96 ▼ 0.27% BVL PERÚ 60,117.56 ▲ 0.70% USD/BRL5.14▼ 0.18% USD/MXN16.94▼ 0.07% USD/CLP912.40▼ 0.05% USD/COP3,083▲ 1.27% USD/PEN3.35▼ 0.05% USD/ARS1,512▲ 0.13% USD/UYU40.18▲ 1.06% USD/PYG5,968▲ 0.82% USD/BOB11.47▲ 0.68% USD/DOP58.01▲ 0.07% USD/CRC447.25▲ 0.82% USD/GTQ7.62▲ 2.02% USD/HNL26.82▲ 1.52% USD/NIO36.62▲ 0.58% USD/VES783.11▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.73▲ 0.97% EUR/BRL6.01▲ 0.18% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 173,695.84 ▲ 1.04% IPSA 11,474.31 ▼ 0.55% IPC MEX 65,522.56 ▼ 0.38% MERVAL 2,982,634 ▼ 0.42% COLCAP 2,503.96 ▼ 0.27% BVL PERÚ 60,117.56 ▲ 0.70% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
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Opinion: Brazil’s High Plains Drifter? a Provocation

By · August 6, 2015 · 2 min read

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Opinion, by Michael Royster

RIO DE JANEIRO, BRAZIL – The 1973 film epic “High Plains Drifter” stars Clint Eastwood as an anonymous stranger who crosses the high plains until reaching Lago, a town threatened by a band of outlaws. “Planalto” (meaning high plains) is synecdoche for the Brazilian government; Brasília, where outlaws seem to teem, borders the artificial “Lago Paranoá”.

The Curmudgeon, aka Michael Royster.
The Curmudgeon, aka Michael Royster.
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The Curmudgeon, edging further out onto the limb upon which he climbed a few weeks ago, believes that Brazil needs a High Plains Drifter to replace Dilma as President and lay waste to the outlaws besieging the Lago. Furthermore, he has a candidate in mind: Michel Miguel Elias Temer Lulia, aka Michel Temer, currently Vice President.

The headlines these days are full of political bombs exploding around Dilma. Her unpopularity has risen to an astonishing 71 percent, worse than President Collor in 1992. Two traditional leftist political parties (PDT and PTB) that gave weight to the government “power base” have announced their impending independence.

That’s not all. Dilma’s Chief of Staff Mercadante, known for his vituperative attacks on the opposition, yesterday praised PSDB, seeking a non-aggression pact and a new coalition. Senate President Renan met with PSDB leaders and said that Cunha will definitely put impeachment on Congress’s agenda. And finally, VP Temer, meeting with leaders of the power base, said, explicitly, the country needs someone to unify it.

It is clear to everyone in Brazil that Dilma is incapable of that. PSDB lost the election, and lost its credibility when voting against Dilma’s austerity programs. The Presidents of both houses of Congress are under investigation for criminal activities.

Who’s left? Michel Temer, a respected constitutional law professor and legislator, known for working with all sides of the political spectrum. He was President of Congress three separate times, including twice when PSDB was in power. He’s untainted by corruption charges. He’s been drifting over the High Plains for some time, so he knows who the outlaws are.

Dilma would do well to resign, and allow Temer to finish out her term.

The Curmudgeon will issue more “presidential” smidgens as often as they occur to him, please stay tuned.

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