Not everything that President Luiz Inácio da Silva () says is worth believing in writing. Their professions of faith in fiscal adjustment interspersed with actions to the contrary demonstrate this.
Hence the distrust with which his words were received in the video released last Friday, in a text designed to raise white flags to the “market”.
There, the president took a break from denialism, avoiding the conspiratorial version of the speculative attack on the real with a view to overthrowing the government; made a commitment to economic stability, controlling inflation and signaled the issuance of new cost containment measures.
Everything was very well designed and formatted under new rules in government communication. Professional thing. on one side, on the other and in the middle the president praising responsibility.
Perfect in form and content. If it weren’t for the stock of exchanged signals issued by the company itself.
The previous week, Lula had said in an interview with Fantástico, on TV Globo, that the high rate was the only “wrong thing” in Brazil.
Six days later, he appears praising the future administration of the same Galípolo, who the day before had endorsed the increase in rates as correct under the circumstances and had also dismantled the version of the speculative attack.
Exchanged signals generate discredit in relation to future gestures. They are seen as a momentary intention in order to achieve a specific objective.
The presidential demonstration contributed in part to the decline in the devaluation of our currency against the . The other portion, the largest, was accounted for by BC interventions in .
Economic stability requires much more. Lula says that 2025 will be the “year of harvest”. I had already said the same about 2024, which was the sowing of the storm to be reaped in the period ahead, if the presidential rhetoric continues in the same vein.
The world of money is vast, it is not limited to Avenida Faria Lima and it moves everyone’s lives. If Lula refuses to help out of ideological conviction, he should at least be willing to not get in the way.
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