“Rumors that Brazil’s social security fund called Bolsa Familia was to be cancelled led thousands of people to rush to withdraw money from a Brazilian bank over the weekend. Customers lined up at ATMs at dozens of bank branches of Caixa Economica Federal, a government-owned bank, which pays the social security subsidy on Saturday and Sunday. Brazilian newspaper Estado de Sao Paulo reported that at five branches in the northeastern city of Sao Luiz and four others in the state of Maranhao, depositors broke into branches.”
Rumors Of Social Security Collapse Spark Bank Run, Break-Ins in Brazil
- Post author:The Freedom Watch Staff
- Post published:May 21, 2013
- Post category:Network Archives
Tags: Bankocracy, CLibertyC, constitutional liberty coalition, economic Trends, for life and liberty, it can't happen here, Latin America, Mainstream News, Middle Class Dismissed, Resistance, sound money, The Freedom Watch
The Freedom Watch Staff
News before it is news for the resistance from a trusted correspondent.
The Freedom Watch Network