‘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. …
‘It feels like we’re all dying slowly’: Venezuela’s doctors losing hope With major shortages of medicines, many doctors are joining the exodus of people trying to find a better life abroad After six years of studying and working part-time jobs, …
Josh Sigurdson talks with author and economic analyst John Sneisen about the latest craziness coming from Venezuelan President/Dictator Nicolas Maduro as hyperinflation rocks and grips the nation. This time, Maduro plans to remove zeros from the Bolivar currency. So instead …
Watch this! When I challenged a college Marxist of ONE example of where socialism has worked, he said… VENEZUELA Venezuela has 400% inflation, riots in the streets, millions without food, average citizen has lost 20 lbs, and widespread suffering RT! …
It was not socialism that destroyed Venezuela, it was the corruption of government officials that looted the country until nothing remains but dire poverty and starvation. It started with Hugo Chavez’s family and extended to the military bribed with oil …
CA Dems are moving further to the left: https://www.washingtonpost.com/national/think-california-politics-is-on-the-far-left-fringe-just-wait-for-the-next-elections/2018/02/04/80e679c2-05e5-11e8-8777-2a059f168dd2_story.html h/t FuzzieMuff
by Charles Hugh-Smith If a currency can’t be converted on demand into the underlying commodity, it’s not “backed by oil,” it’s just another form of control fraud. The broke and broken country of Venezuela appears to be the first nation-state …
By Zainab Calcuttawala Oil-for-loan deals between Beijing and Caracas are preventing American sanctions from having their full effect on Venezuela’s economy, according to David Malpass, U.S. treasury under-secretary for international affairs. “Most of the blame for Venezuela’s economic collapse and humanitarian …
Venezuela’s Health Care System Ready To Collapse Amid Economic Crisis. Marcos Carvajal, a 34-year-old former pitcher for the Colorado Rockies and Florida Marlins, died of pneumonia on Tuesday. He fell sick in December, but the antibiotics needed to treat the …
Beware! Venezuela is the future of the USA if the Democrats get their way and impose amnesty and open borders. AXIOS: Venezuela’s economic collapse, by the numbers. • Venezuelans are forced to contend with completely arbitrary daily withdrawal allowances. Pozzebano’s …
The job numbers are in and they are not good, jobs are down, remember these are the manipulated numbers. Retail the big loser this time around, not surprising because retailers have been closing stores. The labor participation rate is now …
As far as I’m concerned, Venezuela is bankrupt. There’s no way out of this through natural market forces. Who do you think will come to their rescue? The IMF? China? Russia? Or will there be a coup? Venezuela is undergoing …
By Michael Snyder Did you know that Venezuela just went into default? This should be an absolutely enormous story, but the mainstream media is being very quiet about it. Wall Street and other major financial centers around the globe could …
https://www.youtube.com/watch?v=GFRq2ONUCug&feature=youtu.be President Trump slammed Venezuelan leader Nicolas Maduro and the very political system his country is based on for being a failure to the people of Venezuela. “The problem in Venezuela is not that socialism has been poorly implemented but …
By Michael Snyder Venezuela is the 11th largest oil producing country in the entire world, and it has just announced that it is going to stop using the petrodollar. Most Americans don’t even know what the petrodollar is, but for those of …
The cataclysmic devaluation of the bolivar in Venezuela and the brutal repression in the South American country now go hand in hand; state security agencies are increasingly demanding bribes in relatively strong Colombian pesos to release unjustly detained protesters. It …
by Viraj Shah Venezuela’s desperate economic times are not ending anytime soon. The nation entered an economic emergency for the 6th consecutive time under Nicolas Maduro’s leadership. The Venezuelans endured massive currency devaluation last year. Food shortage, rising prices and lack …