André Estevez is the founder of BTG Pactual bank.
These days, an audio recording broadcast by Brasil 247 was circulating over the network, revealing a frank and sincere conversation between the banker. Andrew Estevez
and young financial market strategists.
The billionaire known for his ability to economically regenerate and return to the game (Back to The Game – possibly a reference to the acronym BTG
Pactual) devotes 60 minutes of a kind of audio lecture, seeking to calm the market in the face of what has been understood as a “cost ceiling attack” with R $ 400 approval for the new Bolsa Família for re-election Jair Bolsonaro
…
Given the content of the lessons conveyed “openly and transparently among smart people, good people,” according to the banker, it is not surprising that the leak was a deliberate, rather vulgar ploy of self-promotion and sending economic and political messages to those who might be interested.
Sitting on cushions at a lower level than the audience, the humble professor asked for a glass of water and then bragged about his contacts with the highest political authorities in order to consult with ministers, MPs and representatives of the highest echelons of power. federal administration and received a pleasant laugh with such catch phrases as “politicians are neither good nor bad” (…) “our duty is to speak, explain, teach the reasons and consequences of their actions,” meaning the natural he considers mistakes to be political.
Noting the importance of the fiscal anchor provided for by the Constitution, Estevez
minimized ceiling cracks and approved Brazilian aid
comparing it to Lula’s Bolsa Família, which was actually the invention of the toucan Paulo Renato when he was the FHC Education Minister. And repeating the mantra of American liberal egalitarianism of the 80s and 90s, the so-called affirmative action policy, theorized: , (he) brings a huge social world into society.
The audio leaked and spread widely, conveying many messages: that R $ 400 makes little difference to Brazil’s shortage problem, that the anchor remains firm, and the reliability of the ceiling, and that if the market is under stress, it is because it does not know what the government will do from now on.
…
While appreciating the autonomy of the Central Bank, he also minimized the problem of interest rates and admitted that he received a phone call from Roberto Campos Neto himself.
signaling the ideal minimum interest rate in the country.
At this point, although it was a somewhat trite bragging, Estevez may have taken a risk in the realm of financial market orthodoxy, as he openly admits to illegal circulation of confidential information, which could very well be interpreted as serious misrepresentation.
And then we come to the fun part of the political strategy that can be used in distributing audio, wishful thinking, wish-based reasoning turned into “warnings”: the wind in society comes from the center to the right, our internal research indicates support of the population of Jair Bolsonaro, the general population supports the administrative reform, Lula has a false low rejection, the problem is not in Lula, and the PT and the left will only have a turn in 10 years with Tabata Amaral.
And why is it so important to highlight this aspect of the “messenger” of sound leakage? Obviously, the market, of which André Estevez is a representative, is ready to do anything, supporting the unorthodox Guedes, minimizing offshores, monetizing confidential information and guaranteeing support for Bolsonar – if necessary – without any shame. There is no ethical crisis, no boundaries of common sense in the face of the 600,000 deaths, nothing to limit the sociopath’s ability to make calculations and divulge ideal political scenarios for rent seeking.
At the end of the interview and already answering questions from enthusiastic students, André Estevez recognizes the symmetry between the 1964 military coup and the impeachment of Dilma Rousseff as comparatively necessary checks and balances for the “center” in preserving Brazil’s century-old republicanism, a sign of the country’s social development of European immigrants living with the Japanese , Syrian-Lebanese, African and indigenous peoples in an undeniably centripetal movement.
The audio ends with applause from a jubilant crowd willing to do anything to destroy what’s left of Brazil.
