In order to expand agriculture and simulate a sagging economy, the Brazilian government eased environmental laws which allowed large tracts of rainforest to be cut down or burned. In three to five sentences, construct a potential chain of consequences for what can happen as a result of this kind of deforestation. The chains does not have to be linear (i.e., five steps in a row), but can have several branches, one for each different potential consequence. Your chain should include at least four steps, including the original event.

1. Large tracts of rainforest being cut down or burned in Brazil due to eased environmental laws leads to the destruction of critical ecosystems and biodiversity loss. This directly impacts numerous plant and animal species, causing extinction or displacement.

2. Deforestation disrupts the water cycle, leading to reduced rainfall and changes in rainfall patterns. This contributes to droughts in both local and regional areas, negatively affecting agriculture and the availability of freshwater resources.

3. The loss of vegetation cover through deforestation reduces carbon sequestration and increases greenhouse gas emissions. This exacerbates climate change and global warming, leading to more frequent and intense extreme weather events such as hurricanes, floods, and heatwaves.

4. Deforestation, particularly in the Amazon rainforest, greatly reduces the region's capacity for carbon storage, which is an important countermeasure against climate change. Furthermore, with the destruction of the forest, indigenous communities and traditional cultures lose their homes and cultural heritage, leading to social and economic displacement.

5. The destruction of the rainforest also hampers the potential for eco-tourism and sustainable development in the region, impacting the livelihoods of local communities that depend on these activities. Additionally, deforestation can lead to soil erosion, land degradation, and the loss of fertile land, resulting in reduced agricultural productivity in the long term.

Overall, the consequences of this kind of deforestation in Brazil have far-reaching ecological, climatic, social, and economic implications, jeopardizing the well-being of both local communities and the global environment.