Brazil’s economy death

Yesterday the S&P downgraded Brazil credit to, well, junk. This means that in less than 5 years Brazil went from a potential new Economic Power to a Scammer and created Brazil’s largest economical death since it’s fairly new currency, the Real, was created.

This was fairly well explained by this newscast from Bloomerg: http://www.bloomberg.com/news/articles/2015-09-09/brazil-credit-rating-cut-to-junk-by-s-p-amid-budget-strain

What are the obvious side effects from this:

• no more external investments unless you are completely crazy
• if you are a Brazilian and have some cash, you should consider taking your money elsewhere (speculation)
• Brazilian people will struggle more and more
• all the work done to make Brazil look like a possible Economical Power is now lost.

Last news I have seen about the government was that they have built a wall to avoid riots in front of the Presidency House (Palácio do Planalto) and in the last 7th of September, Brazil independence day, the current Brazilian President, Dilma Rousseff, was escorted by a huge military tank.

Strange as it sounds the current Brazilian government was waiting for this and, as a reflection of the population growing upset in a daily basis and the economical death that was predicted, the current government grows uneasy.

All that is left to say to the Brazilian population is: good luck (they will need it).