Brazil is Broke

The pandemic forced almost every country to go into lockdown and all of a sudden, their economies suffered badly. Many businesses went bankrupt and million of people lost their jobs. Many people were pushed back into poverty and now will remain there for a few years. Many people were infected and some even died due to coronavirus.

Although we now have vaccines that are officially rolled out by the governments, coronavirus is here to stay and we can still find positive cases all around the globe. When I say positive cases, this doesn’t mean that it’s good news. For the 1^st time in life, positive means negative.

If you thought that 2020 is over and 2021 will now give you some relief, then think again as the damage has already been done. Many developing countries or under-developed countries which were just beginning to emerge as a stronger nation are now facing a financial crisis.

These countries weren’t in a very strong position even before the pandemic and when a lockdown was announced, it added salt to injury and made their survival worse than before. Their economies collapsed and the healthcare system which was inadequate, failed to provide medication and essential services during the worst scenario humanity has ever faced.

But why am I telling you all this? It’s so because, Brazil is one of the nations that is facing a lot of issues and financial crisis. The President of the Brazil, Jair Bolsonaro just announced that “Brazil is broke, boss, I cannot do anything”. He said this when he was responding to one of the supporters who greeted him in front of his official residence in the capital Brasilia.

Despite his country’s soaring death toll, Bolsonaro saw his popularity rise thanks to emergency aid paid out for 9 months to 68 million Brazilians which is almost 1/3^rd of the population. What makes it worse is the fact that they don’t even have a start date for vaccinations against Covid-19.

So far, more than 200,000 people have died due to the pandemic and the number of new infections and deaths continued to climb. In the last 24 hours, Brazil has logged 1,171 deaths and almost 60,000 new cases, numbers that should skyrocket in the coming weeks due to the massive celebrations that took place over the Christmas and New Year holidays, according to health officials.

Brazil’s economy is likely to grow 3% in 2021 and even less than 3% in 2022, the World Bank said on Tuesday, as stimulus fades and the country struggles to recover output lost in the pandemic. The World Bank’s forecast for Brazil’s 2021 gross domestic product (GDP) is 0.8% point higher than its June estimate, but not enough to offset a likely 4.5% drop in 2020.

Just imagine that you vote for someone in your country to be the head of the state and then one fine day, he announces that he is incapable of saving the country.

• Can you imagine the plight of Brazilians?
• What are they going to do now?
• What would you had done if you were a Brazilian?
• Would you had decided to move somewhere else?
• How would you had earned money in this difficult situation?
• How would you had taken care of your family?

If you try to answer any one of these questions, then you’ll automatically get the severity of the current situation. Today it’s Brazil, tomorrow it will some other country and the day after tomorrow it could be your country.

So, if you’re reading this by any chance, then this means that you’re a lucky bastard. This means that you still have access to an electronic device along with an active internet connection.

My advice to you would be to save your money or invest it for higher returns as inflation eats your money. This is an extremely important occasion to upskill yourself and make yourself more valuable than before. The more you’re valuable, the more you’ll earn. Always remember that a heart surgeon will earn more than a family doctor.

I will wish that your country isn’t the next one to go broke because as of now, that’s all I can do for you. On the other hand, if you want to do anything for me, then please share this valuable content with your friends and family. That would be a great help and I would appreciate it a lot.