Economic hardships in Puerto Rico spur a mass exodus to U.S. mainland…“But with everything happening now, I decided it’s time to go. The system doesn’t work here.”

Tuesday, July 7, 2015
By Paul Martin

Many residents have decided it’s time to leave: The island’s population has declined by 400,000 since 2009. BY NANCY SAN MARTIN July 7, 2015 SAN JUAN — Yessenia Puente is disenchanted with the Isla del Encanto. She became a widow six years ago. Public schools don’t provide a safe environment for her three... »

Is Puerto Rico America’s Greece?

Monday, July 6, 2015
By Paul Martin

by Bob Adelmann Monday, 06 July 2015 After running deficits every year since 1973 and paying for them by borrowing, the U.S. commonwealth of Puerto Rico has finally run out of options. On June 28, the island’s Governor Garcia Padilla admitted that its $73 billion in “debt is not payable.… We will ... »

Saxobank CIO Explains Why The Greek ‘Problem’ Won’t Be Solved

Wednesday, June 24, 2015
By Paul Martin

by Tyler Durden 06/24/2015 “Even if a deal between Greece and its creditors is struck, the problem isn’t solved,” warns Saxobank CIO Steen Jakobsen, which leaves the door open to a snap election being called shortly and a referendum on continued membership of the EU just weeks later. Debt refinancing will be the... »

Greece debt talks collapse and EU leaders prepare for state of emergency from runaway market panic

Wednesday, June 24, 2015
By Paul Martin

by: J. D. Heyes Wednesday, June 24, 2015 Debt talks to resolve Greece’s ongoing financial crisis are going nowhere, and now the entire European Union is bracing for what it believes could be a financial emergency that will begin in Athens but potentially spread throughout the continent. As reported by Reuters, Greek officials... »

Trade treaties, mega-corporations, and worldwide socialism

Monday, June 15, 2015
By Paul Martin

By Jon Rappoport Monday, June 15, 2015 “The ever-emerging popular image of socialism: a humane government colossus controls the means of production for the benefit of the people; and share-the-wealth at all levels of society comes alive. This is political theory for children in a condition of arrested development—for example, college students and... »

Venezuela: World’s Highest Inflation Rate…500%!!

Saturday, May 30, 2015
By Paul Martin

Steve H. Hanke 05/27/2015 Venezuela’s bolivar is collapsing. And as night follows day, Venezuela’s annual implied inflation rate is soaring. Last week, the annual inflation rate broke through the 500% level. It now stands at 510%. When inflation rates are elevated, standard economic theory and reliable empirical techniques allow us to produce accurate... »

Scottish Lawmaker: Government Should Seize Private Property for “Social Justice”

Thursday, May 28, 2015
By Paul Martin

by Joe Wolverton, II, J.D. Thursday, 28 May 2015 Scottish politicians are pushing legislation that would sacrifice personal property rights on the altar of “social justice.” The Telegraph reports: Landowners’ rights to use their property as they wish are to be watered down for the public good, a senior SNP minister has warned... »

This Time It Is Different…”So this time it is SUBSTANTIALLY DIFFERENT. Government is now on the hook, which is part of the reason why they are moving to eliminate cash to prevent bank runs and to force society to comply with their demands.”

Wednesday, May 27, 2015
By Paul Martin

by Martin Armstrong May 27, 2015 For years, I have warned that we will face our worst nightmare – the collapse of socialism. In the death throes of this abomination that even the Ten Commandments listed as a serious sin, equal to “thou shalt not kill”, government will become the ugly beast that... »

UK’s version of Obamacare nears breaking point, finances ‘cut to the bone’

Tuesday, May 12, 2015
By Paul Martin

by: J. D. Heyes Tuesday, May 12, 2015 It ought to be “Exhibit A” in the case against transforming the American healthcare system into a single-payer version of Obamacare: The collapsing state of Britain’s National Health System. As reported recently by the Daily Mail, the pride of Britain — it’s healthcare system —... »

Venezuela reaches the final stage of socialism

Sunday, April 5, 2015
By Paul Martin

DAVID BOAZ Apr. 3, 2015 In 1990 I went to a Cato Institute conference in what was then still the Soviet Union. We were told to bring our own toilet paper, which was in fact useful advice. Now, after only 16 years of Chavista rule, Venezuela has demonstrated that “Socialism of the 21st... »

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