LATE-STAGE SOCIALISM: The exodus from Venezuela threatens to descend into chaos. Threatens? EVER since Nicolás Maduro became president of Venezuela, the plight of the country’s citizens has gone from bad to worse. On August 19th 1,000 Venezuelan migrants fled from the …
Venezuela revalued its currency on Monday. Following at least three years of the bolivar losing nearly all of its value against the dollar and locals either printing their own neighborhood currency or bartering, PSUV opted for new banknotes to solve …
by Shaun Richards Last night a 7.3 magnitude earthquake hit the nation of Venezuela that must feel like it has the four horsemen of the apocalypse on its case right now. Fortunately there does not seem to have been major …
In a plan designed to tackle hyperinflation, Venezuelan President Nicolas Maduro on Friday announced plans to raise his country’s minimum wage and create a single exchange rate pegged to his government’s petro-backed cryptocurrency, effectively devaluing the country’s currency by 96%, Reuters …
by J.G. Martinez via The Organic Prepper I have a certain degree of acceptance for some things. However, these last two weeks my ability to be surprised has been superseded. The price increase in everything and the difference between the salaries in Venezuela …
by stockboardasset Brazil’s President Michel Temer announced an emergency meeting of government Sunday after deploying troops to the border town of Pacaraima where Venezuelan migrants clashed with residents. Temer met with key officials at his presidential palace, including those of defense, public …
via nytimes: “I imagine if we keep like this we’re going to have to do the same thing in December,” said Ms. Nowak, who has been forced to raise prices in her cafe at least 40 times this year. Slashing zeros …
by Joseph Lafave of The Daily Caller Vessels sailing in the vicinity of Trinidad and Tobago are now under threat of being the victims of piracy for the first since the 1700s. According to a report from the Washington Post, in the wake of …
Days after the purge of Alex Jones from social media, Big Tech seems to have found another suitable target for apparent censorship. Facebook suspended the page of a prominent leftist news site writing about Venezuela. Venezuelanalysis.com, a left-leaning news site …
via thedrive: What if we told you there’s a land where premium gasoline flows like water, where a single U.S. dollar could net you nearly 925,000 gallons of the good stuff? This is no fairy tale—this is the reality on the …
by Frank Holmes, CEO, U.S. Global Investors Last month in Venezuela’s capital city of Caracas, a cup of coffee would have set you back 2 million bolivars. That’s up from only 2,300 bolivars 12 months ago, meaning the price of …
Elyangelica González ‏ Cuenta verificada @ElyangelicaNews Seguir Seguir a @ElyangelicaNews Más #HACEMINUTOS 6:07pm Se escucha fuerte explosión durante transmisión en cadena oficial de radio y televisión. Antes de llevársela se ve como los uniformados rompen filas. Esperando más información #4ago …
BTW, this interview is fresh, just posted yesterday. Growing up in Venezuela involves a lot of risk, especially kidnapping. Today’s story is actually three different stories of what it took to escape kidnappers. h/t grumpier
‘The truth is we had to leave’: Fleeing Venezuela for Colombia. “Colombia is a lifeline for western Venezuela,” said Rafael Velasquez Garcia, the International Rescue Committee’s (IRC) head of mission in Colombia. “Every day more than 35,000 Venezuelans cross the …
via confoundedinterest: Perhaps Venezuelan President Nicolas Maduro wanted to go down in history as having the WORST hyperinflation in history. If that was his goal, he is doing quite well! (Reuters) – Venezuela’s inflation rate is likely to top 1,000,000 percent …
From Joseph T. Salerno at Mises Wire: In 2006, Venezuela’s president Hugo Chavez declared: There is a market that can be reactivated through barter and not through currency. Let us break that curse [of capitalism]. Well, twelve years later barter is …
David McAlvany and Kevin Orrick on the McAlvany Weekly Commentary As Venezuela hits 43,000% Inflation, money becomes worthless, A Months Wages Buys Just 5 Cups Of Coffee. How Do You Win The Mid-Term Election? Democrats Puzzled & Confused. Stock Market Pre-indicator: Smart Money Flow …
by Chris Black As I already predicted in my previous article, Andrés Manuel López Obrador just won Mexico’s presidential election in a landslide on Sunday. This is the same guy who has said during a speech last week that a mass …
DRUDGE: “VENEZUELA HELL: Inflation rises to 43,378%!” – VP Mike Pence Addresses the Crisis VENEZUELA HELL: Inflation rises to 43,378%! https://t.co/9vEi1pRLXM — NEWS MAKER (@NEWS_MAKER) June 28, 2018 Vice President Mike Pence Verified account @VP Venezuela was once a beacon …
Maduro assassinates his foes at a whim: http://archive.is/cwJx9
by J.G. Martinez of The Organic Prepper Did you ever wonder what the life of a mother in Venezuela is like? This is not a fictional story. It is a couple of days in the life of one of our best …
Will Argentina need to sell off its assets like Greece? Like Venezuela will too? IMF Biggest Ever Bailout in History! Argentina, Brazil, Venezuela Argentina has just received the biggest bailout in IMF history. A massive loan to a country …
by J. D. Martinez D., The Organic Prepper Something has been happening in Venezuela these last few days: the seizing of cattle, food, and staples from the production sites, by the so-called “authorities” that are not such. In the past …
California gubernatorial candidate John Cox (R) is edging closer to frontrunner Lt. Gov. Gavin Newsom (D) after an endorsement from President Trump. Cox is the leading Republican for the June 5th “jungle” primary, in which the top two vote-getters advance …
via theconversation: Maduro is not alone in the world. In recent years, Venezuela has rebuilt its strategic global alliances, giving clear preference – in the form of oil diplomacy and insider access to Latin American politics – to countries that …
For those not in the know, Venezuela is the “king of bond defaults”. The government has been in a constant economic mess. Their oil reigning days are over and with the new sanctions they’ll feel more heat. Every single things …
‘No one wants to be last in line.’ Seizure of Venezuela oil assets may start wave. The decision, which came amid the accelerating deterioration of Petroleos de Venezuela S.A.’s production capacity, could lead creditors to try to seize other Venezuelan …
by Thinker Venezuela will not be swayed by the threats of sanctions, and the invasion of the deep state military industrial complex. The people are ready to defend their country and passing out guns to ensure that every man can …
by John Rubino In interviews, whenever I try to make the case that US policies are leading to the kinds of currency disruptions common in developing countries, I say something like, “For a glimpse of America’s future, take a look …
Like any Ponzi scheme, socialism provides an initial illusion of success before it collapses on its own faulty principles. It’s that brief illusion that can make socialism so seductive to many who feel they are missing out on life’s abundance. …