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Pompeo Vows “Series Of Actions” Against Venezuela’s Maduro “In The Coming Days”
Pompeo Vows “Series Of Actions” Against Venezuela’s Maduro “In The Coming Days” Secretary of State Mike Pompeo issued an incredible statement to Fox News on Friday, vowing to take “series of actions” in “the coming days” against Nicolas Maduro’s government in Venezuela. The threat was couched in terms of being in the “best interest” of Venezuelans, […]
Destroying America: It Is Being Projected That The U.S. National Debt Will Hit 99 Trillion Dollars By 2048
Destroying America: It Is Being Projected That The U.S. National Debt Will Hit 99 Trillion Dollars By 2048 Temporary prosperity that is created by exploding levels of debt is not actually prosperity at all. At this moment, the U.S. government is 21.4 trillion dollars in debt, and we have been adding an average of more […]
Good Times…
Good Times… My son wanted to know why it is that Venezuela (a topic that gets discussed around the dinner table at home) chose such painfully, obviously asinine policies. After much thought I explained it thus. Hard times create strong men. Strong men create good times. Good times create weak men. Weak men create hard […]
Covert US Plot For Venezuela Coup Detailed In Explosive NYT Report
Covert US Plot For Venezuela Coup Detailed In Explosive NYT Report “This is going to land like a bomb” in the region, a former Latin America diplomatic official told the New York Times in this morning’s explosive lengthy report detailing how the Trump administration held covert meetings with Venezuelan military coup plotters targeting President Nicolás Maduro. The “clandestine channel” […]
Major Currencies All Over The World Are In “Complete Meltdown” As The $63 Trillion EM Debt Bubble Implodes
Major Currencies All Over The World Are In “Complete Meltdown” As The $63 Trillion EM Debt Bubble Implodes The wait for the next global financial crisis is over. Major currencies all over the planet are in a “death spiral”, many global stock markets are crashing, and economic activity is beginning to decline at a stunning […]
Paper money eventually returns to its intrinsic value – zero
Paper money eventually returns to its intrinsic value – zero In socialist Venezuela, the price of a cup of coffee has doubled every few weeks. The annual inflation rate could hit 1,000,000 percent by years end. People can no longer afford food, but that’s okay because there isn’t any food to be found. South America’s […]
As Emerging Market Currencies Collapse, Gold is being Mobilized
As Emerging Market Currencies Collapse, Gold is being Mobilized In recent weeks, global financial markets have been increasingly spooked by an intensifying crisis in emerging market currencies including those of Turkey and Argentina. Add to this the ongoing currency crisis in Venezuela and the currency problems of Iran. While all of these countries have economy […]
Friedman On Inflation, Hanke on Hyperinflation
Friedman On Inflation, Hanke on Hyperinflation In 1966, Milton Friedman wrote, as he often did, some memorable lines that have entered the lexicon of economic quotables. As Friedman correctly put it in a book chapter titled “What Price Guideposts?”: “Inflation is always and everywhere a monetary phenomenon, resulting from and accompanied by a rise in […]
Economic Doom Returns: Emerging Market Currencies Collapse To Record Lows As Global Financial Chaos Accelerates
Economic Doom Returns: Emerging Market Currencies Collapse To Record Lows As Global Financial Chaos Accelerates After a little bit of a lull, the international currency crisis is back with a vengeance. Currencies are collapsing in Argentina, Brazil, India, Turkey and other emerging markets, and central banks are springing into action. It is being hoped that […]
“What A Disaster”: Chaos Returns To Venezuela One Day After Massive Devaluation
“What A Disaster”: Chaos Returns To Venezuela One Day After Massive Devaluation Just one day after Venezuela’s historic currency devaluation, which lopped off 5 zeros from the currency and prices while bizarrely pegging the “sovereign Bolivar” – the country’s latest currency incarnation – to the petro, an oil-backed cryptocurrency (which has been banned by the […]
Over The Last 7 Days Our Planet Has Been Violently Shaken By 144 Major Earthquakes
Over The Last 7 Days Our Planet Has Been Violently Shaken By 144 Major Earthquakes Within the past few days, we have seen an enormous magnitude 7.3 earthquake hit Venezuela and a giant magnitude 8.2 earthquake hit Fiji. Where will the next one strike? To many of us, it is becoming exceedingly clear that something […]
The Engineered Collapse of Venezuela Was the Beginning of a War on the Free World
The Engineered Collapse of Venezuela Was the Beginning of a War on the Free World I have a certain degree of acceptance for some things. However, these last two weeks my ability to be surprised has been superseded. The price increase in everything and the difference between the salaries in Venezuela is something unbelievable. How […]
Venezuela In Chaos After Maduro Announces Massive 95% Devaluation, New FX Rate Tied To Cryptocurrency
Venezuela In Chaos After Maduro Announces Massive 95% Devaluation, New FX Rate Tied To Cryptocurrency Chaos and confusion erupted across Venezuela, and most stores were shuttered on Saturday, after president Nicolas Maduro announced that the government would enact a massive currency devaluation, implement a new minimum wage, hike taxes, and also raise gasoline prices for […]
We Are All Lab Rats In The Largest-Ever Monetary Experiment In Human History
We Are All Lab Rats In The Largest-Ever Monetary Experiment In Human History And how do things usually work out for the rat? There are ample warning signs that another serious financial crisis is on the way. These warning signs are being soundly ignored by the majority, though. Perhaps understandably so. After 10 years of […]
