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A similar theft happened in Brazil in 1990. It wasn't done by a crazy dictator. In fact it was right after the first democratic presidential election in decades
by nandemo 17y ago
A similar theft happened in Brazil in 1990. It wasn't done by a crazy dictator. In fact it was right after the first democratic presidential election in decades.
All investments, CDs, savings accounts in excess of around U$1000 were "frozen".
It didn't affect the masses, who didn't have bank accounts anyway. But the middle-class was screwed.
- forinti 17y agoYou are right, Collor wasn't a dictator. But he did do some things right, like starting the process of opening Brazil's economy, which in the 80's was more closed than those of the communist bloc. I wouldn't ever think of supporting him, though.