Basic income in Brazil 25%. Quatinga Velho is a Brazilian village in the Quatinga district of the Mogi das Cruzes municipality, which is becoming well-known because of the basic income-project which is taking place there. The project started 2008 and is organized by the non-profit organization ReCivitas. The funding has so far been based entirely on private donations. In June 2011 83 people in the village got 30 Brazilian reals per person and month. The organization hopes that all people in the village will eventually get the basic income, and also that similar projects will get going in other villages in and outside Brazil.
Currency War of 2009–11 a "scapegoat" for the US's failings. China accused the US of waging the currency war and that it has "exercised financial policies characterised as 'economic egoism.'" In April 2011, the "Financial Times" reported that Chinese officials have signalled 2016 as a date when they expect to stop intervening against their currency by buying dollar assets. Brazil is a large economy which has generally allowed their currency to float freely, with the exception of some low level interventions to counter large capital inflows resulting from major stock sales. As a result, since early 2009 her currency has risen substantially against the