Socialism

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

TheEpochTimes.com 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 WolfStreet.com 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 Panampost.com 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 NaturalNews.com 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

SputnikNews.com 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 OffTheGridNews.com 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.... »

Canada is on the brink of a full-blown recession(Depression)

Monday, July 13, 2015
By Paul Martin

NORMAN MOGIL BusinessInsider.com Jul. 13, 2015 The Governor of the Bank of Canada (BOC), Stephen Poloz, was not kidding when he warned that the first quarter of 2015 would be “atrocious.” After a respectable fourth quarter in 2014, the Canadian economy took a turn for the worse: domestic demand fell by 1.7%, owing to... »

Greece Today, America Tomorrow?

Monday, July 13, 2015
By Paul Martin

By Ron Paul GoldSeek.com Monday, 13 July 2015 The drama over Greece’s financial crisis continues to dominate the headlines. As this column is being written, a deal may have been reached providing Greece with yet another bailout if the Greek government adopts new “austerity” measures. The deal will allow all sides to brag about... »

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 CentreDaily.com 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 TheNewAmerican.com 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 ... »

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