If Venezuela Implodes, Will Its Neighbors Be Ready?

Sunday, August 23, 2015
By Paul Martin

David Shipley AUG 19, 2015 Venezuela is slipping toward a humanitarian crisis. News of its latest economic low point, or of President Nicolas Maduro’s most recent political tantrum, tends to eclipse this slow-motion disaster. Yet the danger of a Venezuelan implosion is growing. Perhaps you’re aware that Venezuela has the world’s highest inflation... »

The global era of socialism, entitlements and debt spending is about to come to an end

Wednesday, August 19, 2015
By Paul Martin

by: J. D. Heyes Wednesday, August 19, 2015 For years, sociologists, political scientists and economists have been warning that increased government spending on entitlements, welfare and other Left-wing-inspired socialist benefits would bankrupt communities, cities, states and even entire countries. Such Keynesian schemes have historically never ended well, and with each new collapse, one... »

Venezuela’s currency is now so worthless that people are using it as napkins

Tuesday, August 18, 2015
By Paul Martin

MIKE BIRD Aug. 18, 2015 An image is going round that sums up just how ridiculous Venezuela’s economy has become. A Reddit user uploaded a picture on Monday of a man using a 2 bolivar note to hold an empanada. According to Venezuela’s official bolivar-dollar exchange rate, the man using his money as... »

Martin Armstrong Warns: “Everything Is Connected”…” We are living in the era that will bring about a collapse of socialism”

Friday, August 14, 2015
By Paul Martin

by Tyler Durden 08/14/2015 Whatever action we take has a consequence. It is impossible to manipulate markets and the economy for there will always be unintended collateral damage. We are living in the era that will bring about a collapse of socialism precisely as took place in communism. Government is incapable of ever... »

Venezuela: “We’re Scared To Go Into The Streets And Look For Food, The Crime Here Is Killing Us

Sunday, August 9, 2015
By Paul Martin August 8, 2015 CARACAS, Venezuela— Critics of Venezuela’s socialist administration staged a small protest against hunger and crime in Caracas Saturday as the South American country struggles to control violence in food lines. The past week saw daily reports of looting in supermarkets and raids on food trucks. The country’s opposition coalition called... »

The Seventh-Largest Economy in the World Spirals Down…”Even HSBC, which knows a thing or two about the world, is bailing out.”

Friday, August 7, 2015
By Paul Martin

by Wolf Richter August 6, 2015 HSBC, which knows a thing or two about the world, and about Brazil, is bailing out of Brazil. It’s unloading its “entire business in Brazil,” it said this week, including retail banking and insurance. It will hand its long list of wealthy clients and over 21,000 employees... »

Looting Sweeps Venezuela as Hunger Takes Over

Friday, August 7, 2015
By Paul Martin

132 Incidents Tell of “Desperation and Discomfort” Sinking In SABRINA MARTÍN AUGUST 6, 2015 It’s the law of the jungle in Venezuela, as shopping for groceries becomes an increasingly dangerous activity. As the shortage crisis worsens, more and more angry mobs are raiding the nation’s supermarkets, looting whatever basic goods they can find.+... »

Food seizures begin: Venezuela farmers ordered to turn over their food to the government…(Coming To AmeriKa!?)

Friday, August 7, 2015
By Paul Martin

by: Daniel Barker Friday, August 07, 2015 As Venezuela’s economy continues to worsen — its currency having entered “free fall mode,” according to the Financial Times — the desperate Maduro government has taken the extreme measure of nationalizing the nation’s food industry. Venezuelan farmers and food producers are now required to sell anywhere... »

Eurozone Crisis: A Disaster Waiting to Happen

Tuesday, July 28, 2015
By Paul Martin 28.07.2015 The current crisis in the Eurozone, which has thrown Greece into disarray, was a disaster waiting to happen, according to many economists, one of whom told Sputnik the currency is inherently unstable. As talks over a third bailout for Greece begin Tuesday, many economists are watching with a sense of foreboding amid... »

4 Alarming Reasons America Could Be The Next Greece

Wednesday, July 15, 2015
By Paul Martin

by: Daniel Jennings July 15, 2015 The financial crisis in Greece should be a wakeup call for Americans, as there are some disturbing parallels between that European country and the US. If you haven’t heard, banks in Greece – closed off and on for several weeks now – are closed again until Thursday.... »

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