Rio de Janeiro – Infinite Unknown

“When we see delinquents holding up a street stall with a rifle we can see how serious the situation is. The population lives in terror,”

– “The People Live In Terror” – Military Intervention Imposed In Rio As Unrest Worsens:

Brazil’s Senate has overwhelmingly approved a military intervention in Rio de Janeiro that was first proposed by President Michel Temer last week – the latest step in the president’s crackdown on crime and social unrest ahead of a hotly contested local election coming later this year.

As we noted last week, Temer is ordering the military to restore order in the drug-ravaged streets of Rio in the largest intervention since Brazil’s return to Democracy in the mid-1980s. A collapse in public spending on social services has caused crime to reemerge in Brazil’s slums, spiking to levels unseen since 2009.

– As Olympics Looms, Governor Warns Rio Is “Close To Social Collapse”:

With feces-infested waterways, Zika-carrying mosquitoes, a collapsing economy, and political corruption that runs from top to bottom, Brazil is in trouble. All that excludes now impeached president Dilma Rousseff who refuses to step down, which has cast the country in political limbo.

But just a few short weeks ahead of The Olympics, the people are revolting as Sao Paulo state governor Geraldo Alckmin warns “Rio de Janeiro is close to social collapse” after state payments to retirees have not been made. Of course, none of this matters as long as Ibovespa is soaring and Real is strengthening:

Read moreAs Olympics Looms, Governor Warns Rio Is “Close To Social Collapse”