Dick Bove: US banks have been ‘nationalized’…”A transportation bill in Congress has put the U.S. well on the road to socialism,”

Monday, October 12, 2015
By Paul Martin

Fred Imbert Oct. 12, 2015 A transportation bill in Congress has put the U.S. well on the road to socialism, Dick Bove said Monday. The bipartisan Senate bill, announced in July, would cut the dividend paid by the Federal Reserve to banks each year from 6 percent to 1.5 percent, and the difference... »

Venezuelan government tells citizens to “eat fried rocks” as food shortages caused by socialist policies threaten widespread starvation

Wednesday, October 7, 2015
By Paul Martin

by: J. D. Heyes Thursday, October 08, 2015 Life continues to deteriorate under the socialist regime in Venezuela, an oil-rich South American nation whose citizens’ quality of life has nearly collapsed in the throes of Marxist economic policy. But no matter, because government officials are quick to offer solutions. In fact, the governor... »

Violence and looting grip Venezuela as socialist country struggles to feed citizens

Monday, August 31, 2015
By Paul Martin

by: J. D. Heyes Monday, August 31, 2015 As economic conditions continue to deteriorate in Venezuela thanks to socialist government policies that have wreaked havoc on businesses, industry and imports, the decay of civil society is also progressing as rioting, looting, and other disruptive actions are becoming the norm. Reuters reports that supermarkets... »

Socialist medicine on parade in Venezuela: Here’s what happens when government runs health care

Friday, August 28, 2015
By Paul Martin

by: Ethan A. Huff Friday, August 28, 2015 Free healthcare for everyone isn’t working so well in the socialist medicine utopia of Venezuela. A new documentary report by photojournalist Betty Zapata reveals rampant filth, lack of resources and medicine, grossly underpaid doctors, and all-around chaos at public health clinics and hospitals throughout this... »

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... »

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