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Posted Zero Hedge
Summary:
- Bolsonaro Reportedly Entered Argentina To Fly To US
- Bolsonaro Says His Political Prosecution By Socialists Is "Sign Democracy Has Failed"
- Bolsonaro Drops Annulment Bid As Party Concedes To Lula, Vows Congressional "Fortress" Against Socialist Rule
Brazil On Brink Of Political Turmoil?
The lack of scrutiny from Western news outlets and left-wing NGOs as Lula's socialist regime imposes court-ordered travel restrictions on Bolsonaro raises concerns about political persecution and the use of overreaching judicial power to attack the opposition. Every mainstream lefty outlet has been quiet about this, and that's very telling.
Democrats, the DSA, and Alex Soros championed a Lula win, yet the political persecution of Bolsonaro is quite alarming and only a symptom of what the socialists have in store for their opponents across the West.
As Bolsonaro put it shortly after the regime seized his passport on Monday afternoon, it's "a sign that our democracy has failed."
There are new developments in the Brazilian political arena, according to Glenn Greenwald:
Brazilian authorities and media are trying to find out where Flavio Bolsonaro is.
Brazil's notorious authoritarian Judge Alexandre de Moraes -- before the votes were counted -- already had an order prepared to seize Bolsonaro's passports and bar him from leaving the country even though **he's been charged with no crime** (there are various pending financial investigations). Moraes signed the order barring Bolsonaro from leaving Brazil SEVEN MINUTES after Lula was declared the winner on Sunday night.
A media outlet in Argentina this morning reported that Bolsonaro entered Argentina to fly to the US. His friends and allies deny this, but Flavio could easily just appear in Brazil or even by video and has not done so. Argentina is being sketchy, evasive and somewhat uncooperative with Brazil's federal police (Lula and Milei are obviously not allies).
Greenwald continued:
Whatever else is true, it is not exactly a sign of a healthy, normal or functioning democracy when the candidate who narrowly loses a presidential race -- and concedes defeat -- is suddenly barred from leaving the country by a Supreme Court Judge now globally notorious for censoring, imprisoning and otherwise persecuting his critics and opponents of Lula's government.
It is also worth noting that Bolsonaro's party dominates the Senate, having run on a vow to impeach Moraes, and this is seen by many as a kind of leverage/hostage ploy by Moraes to cling to power.
Brazil's post-election turmoil tests the credibility of Lula and his regime, who say they're the "good guys" fighting against authoritarianism, yet they are using state institutions to attack a political opponent.
Lula nevertheless faces mounting political headwinds after the first-round election. Bolsonaro's party gains in the Senate could complicate the government's socialist agenda of deficit spending and bankrupting the country.
For the Trump administration, Brazil remains key to efforts to counter Chinese influence and rid the hemisphere of nation-killing socialists. Lula's reelection complicates a strategy that has worked in many recent South American elections, from Ecuador to Colombia to Argentina.
Now we wait for a Trump administration to respond to Lula's socialist regime.
Bolsonaro Drops Annulment Bid As Party Concedes To Lula, Vows Congressional "Fortress" Against Socialist Rule
After the Brazilian runoff election, right-wing Flávio Bolsonaro has abandoned plans to seek its annulment, as his Liberal Party has formally recognized the reelection of socialist President Luiz Inácio Lula da Silva.
Lula's socialist regime wasted no time attacking Bolsonaro after the election. Federal Police snatched Bolsonaro's passport late Monday, and regime favorite Supreme Court Justice Alexandre de Moraes has banned him from leaving the country.
Bolsonaro declared that he is under attack by the socialist regime and that this is merely "a sign that our democracy has failed."
Glenn Greenwald pointed out, "If, by the way, the same situation that just happened in Brazil had happened but with the parties switched ... if Bolsonaro had won last night's election and then a pro-Bolsonaro judge sent the Federal Police to seize Lula's passport and bar him from leaving the country ... every major western media outlet and liberal NGOs would be screaming about the authoritarian attack on Brazil's elections and the destruction of basic freedoms."
Notably, Bolsonaro's proposed annulment challenge centered on a last-minute Supreme Court decision extending voting by two hours.
Bolsonaro has now changed course, saying he would pursue a separate effort to disqualify Lula's ticket over allegations of false information and misuse of public funds, another legal strategy described as having low odds of success.
"I wasn't the one who lost. The system won," Bolsonaro said late Monday.
Bolsonaro continued, "I will bring together the elected lawmakers and senators to organize our strategy and turn the lower house and the Senate into our fortress against the barbarity that is already taking shape with four more years of Lula."
UBS analyst Wensek noted, "If there is a silver lining, Lula will have to build a coalition to pass key policy initiatives through a more right-leaning Senate and Lower House."
Attention now shifts to how Lula and the socialists, praised by the far-left DSA, Democrats, and unhinged Alex Soros, will govern as fiscal strains mount and investors question whether he'll rein in out-of-control spending.
"Lula's surprise victory resets the Brazil trade: expect higher yields, a weaker BRL and pressure on domestic cyclicals and SMIDs. A right-leaning Congress should constrain fiscal expansion, but lower rates and equity flows are delayed," Jefferies analyst Alejandro Anibal Demichelis wrote in a note.
