RESTLESSNESS OVER ECONOMIC AFFAIRS

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP83-00423R000901400001-6
• Release Decision: RIPPUB
• Original Classification: C
• Document Page Count: 1
• Document Creation Date: November 9, 2016
• Document Release Date: October 29, 1998
• Sequence Number: 1
• Publication Date: August 31, 1953
• Content Type: REPORT

Sanitized Approved For
COUNTRY: Brazil
25X1A9a
SUBJECT: Restlessness over Economic Affairs
PLACE ACQUIRE:
DATE ACQUIM : 0
DATE OF INFO ; Aug 53
25X1X6
deevelc memt of natural resources, especially oil, is the only cure
and will support any move to permit foreign capital to do it. Among
them there was considerable optimism over the prospects of enactment
of sensible legislation by early 195 that would provide an attractive
basis for foreign capital to enter the field.
But everyone is unhappy over the failure of the present regime to take
any action. The thought was often expressed that Vargas was ill, that
he was physically exhausted, that he vas no longer a have-not and had
lost interest in promoting the country's welfare. A frequent comment
vas that they needed a dictator, Such a situation gives rise to many
rumors,, one being that Vargas, himself, was promoting a military coup.
- Cd
1. Brazil's people, laborers and nt, are increasingly conscious
of the continual inflation and pyramiding d bt. The intelligent sates
are learning that Brazil is not producing enough to pay for the present
standard of living. At the same time, I an always amazed at the number
of intelligent maple, usually professional men, who think the only
men who must be more familiar with economic affairs do not generetlly
voice this Wit,
2. These latter people recognise the fact that reduction of imports by
-5
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