This is pretty funny: Brazil’s real plunges on Temer bribery claims
The Brazil ETF, EZW, lost 15% of its value in just a single day, far worse than even the worst day of the S&P 500 in 2008 during the financial crisis.
The ‘idiocracy’ and or dysgenic ‘IQ shredder’ that some on the alt-right talk about, is not in America; rather, it’s in low-IQ countries such as Brazil, which has a average IQ of just 87:
This means 16% of Brazilians are at least borderline retarded, versus only 3% of Americans.
As I wrote a few days ago:
This blog mentions China a lot for that reason, although, imho, China’s success has more to do with high IQ than government. Low-IQ countries, no matter what system of government they choose, tend to always be inferior and suffer from stagnation, high inflation, and corruption. Low-IQ countries depend on foreign capital inflows and or commodities to prop up their economies, whereas China is able to grow organically through trade and innovation.
People who are looking for ‘collapse’ are looking in the wrong place. It’s in Latin America, Russia, Turkey, France, Spain, Italy, Greece…not America.
Emerging markets continue to be a horrible investment, having lagged the S&P 500 since 2008. From Make The Stock Market Great Again:
However, there is significantly more unrest in counties such as Turkey, France, and Brazil (so much so that it threatens their economies), but I would never invest there nor recommend anyone else do so. I have been bearish on emerging markets and Europe since 2013. Emerging markets and Europe have significantly lagged the S&P 500 since 2011, as another example of a correct prediction by this blog. Low-IQ countries tend to have a lot of unrest, graft, inflation, and corruption and make bad investments. Italy and Greece are much closer to being an ‘idiocracy’ than America. In America, the Tea Pot Dome scandal and Watergate are still a big deal, to give an idea of how rare corruption in America is compared to quotidian corruption in Brazil, Argentina, Venezuela, and Turkey, which fills volumes and is a part of everyday life for those countries.