GR Editor’s Note
There is a Double Speak: While the G77 Calls for “Reform of the Financial System”, what they fail to acknowledge is that many of the heads of state and government of the Global South have not only endorsed the Neoliberal agenda, they are directly or indirectly controlled by the Washington Consensus.

Brazil: Luis Ignacio da Silva

This certainly applies to Lula Ignacio da Silva from the outset of his presidency. The first thing he did was to hand over the management of his country’s Central Bank to FleetBoston and the State investment Banco do Brasil to Citibank.

“A former CEO/president [Henrique Meirelles] of one of America’s largest financial institutions (and a US citizen) controls Brazil’s Central Bank and sets the macroeconomic and monetary agenda for a country of more than 200 Million people.

It is called a Coup d’Etat… by Wall Street.”

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Iron Will

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