brazil does $60 billion qe, page-10

timber, i think the brazilians are printing to not only stimulate, but also to devalue the Real.
all teh exported minerals will generate more currency flooding in too, as long as they can keep a lid on inflation in food stuffs and fuel they might just pull it off too.
A race to the bottom in the currencies of emerging economies is a 'Real' possibility, if you pardon the pun!!