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Five examples that show internet censorship is as much a threat to the left as the right
Five examples that show internet censorship is as much a threat to the left as the right © Kacper Pempel / Reuters The banning of right wing controversialist Alex Jones from multiple social media platforms last week was a cause of celebration for many liberals, but should those on the left really be so complacent […]
Hyperinflation Has Destroyed Venezuela
Hyperinflation Has Destroyed Venezuela Has coffee become an unattainable luxury? It is if you live in Venezuela’s capital of Caracas. In July, the price of a cup of coffee was 2 million bolivars. In a country where the minimum wage has been raised to 3 million bolivars, coffee has become as unaffordable as food, housing, […]
That Escalated Quickly: The Emerging Market Currency Crisis Of 2018 Threatens To Destabilize The Entire Global Financial System
That Escalated Quickly: The Emerging Market Currency Crisis Of 2018 Threatens To Destabilize The Entire Global Financial System We haven’t seen emerging market currencies crash like this in over a decade, and analysts are warning that if this continues we could witness a devastating global debt crisis. Over the past decade, there has been an […]
How A Central Bank Caused One of History’s Biggest Cons
How A Central Bank Caused One of History’s Biggest Cons In the summer of 1821, a roguish Scotsman named Gregor MacGregor arrived by boat in London, and initiated arguably the most audacious confidence scam in history. MacGregor had spent much of the previous decade fighting as a soldier of fortune in the Venezuelan War of […]
What Life Is Like for Venezuelan Refugees: The Crisis Isn’t Over When You Escape the Collapse
What Life Is Like for Venezuelan Refugees: The Crisis Isn’t Over When You Escape the Collapse I find the most difficult aspect of survival is to keep a positive mindset. Definitely, it is. The crisis is not over when you escape the collapse. While I expected when I got my family out, our struggles were […]
Military Seizes Control Of Water Supplies As Venezuelan Infrastructure Collapses
Military Seizes Control Of Water Supplies As Venezuelan Infrastructure Collapses If there’s one group that has benefited from Venezuela’s economic collapse, it’s the country’s military, which has been handed control over much of the country’s remaining industry as the collapse has intensified. Venezuela’s army, about 160,000 strong, controls the mineral-rich Arco Minero del Orinoco, and […]
IEA: Oil Prices Could Rise Further As Shale Can’t Fill The Gap
IEA: Oil Prices Could Rise Further As Shale Can’t Fill The Gap U.S. shale will continue its breakneck growth rate into 2019, despite bottlenecks, but the oil market still faces serious supply risks from the potential losses from Venezuela and Iran, the International Energy Agency (IEA) said in a new report. The IEA said that […]
Trump Slams OPEC Again, Demands Lower Prices: “Oil Prices Are Too High, OPEC Is At It Again”
Trump Slams OPEC Again, Demands Lower Prices: “Oil Prices Are Too High, OPEC Is At It Again” Nearly two months after Trump drew a line in the sand on oil prices, when on April 20 he lashed out at OPEC, tweeting that “Oil prices are artificially Very High! No good and will not be accepted!”which […]
The Government WILL Take Your Supplies: Venezuela is Seizing Cattle and Inventory
The Government WILL Take Your Supplies: Venezuela is Seizing Cattle and Inventory Something has been happening in Venezuela these last few days: the seizing of cattle, food, and staples from the production sites, by the so-called “authorities” that are not such. In the past years, factories such as GM and Kimberly Clark were seized by […]
OPEC And Russia Prepare For Long-Term Control Over Oil Market
OPEC And Russia Prepare For Long-Term Control Over Oil Market In a tight oil market reacting with price gains to concerns about supply shortages, the leaders of the OPEC and non-OPEC nations part of the production cut deal—Saudi Arabia and Russia—hinted last week that easing the cuts was an option that they had discussed and […]
Don’t Take Higher Oil Prices For Granted
Don’t Take Higher Oil Prices For Granted Oil prices collapsed at the start of this week, with WTI and Brent dropping 5.5 percent and 7.5 percent respectively from their three and a half year peaks. This recent price slump serves as a timely reminder for market observers and players alike that, while a heightened geopolitical […]
Peak oil in Venezuela: El Furrial oil field
Peak oil in Venezuela: El Furrial oil field We see the impact of the conventional oil peak in Venezuela. As an example let’s look at the El-Furrial field. Fig 1: Not La-Hora-Zero (yet) but low voter turn-out for the May 20 Maduro election http://800noticias.com/foto-caracas-desolada-este-domingo-en-pleno-proceso-electoralhttps://twitter.com/eutrafico Location Where is El Furrial? It is located 30 km west […]
Reuters: OPEC Production Falls To 13-Month Low
Reuters: OPEC Production Falls To 13-Month Low OPEC’s oil production dropped in May by 70,000 bpd to 32.00 million bpd on the back of outages in Nigeria and a continuous decline in Venezuela that dragged the cartel’s total production to the lowest level since April 2017, according to the monthly Reuters survey. The largest fall […]
Venezuela Defies the US Empire Reelecting Maduro
Venezuela Defies the US Empire Reelecting Maduro Photo by Joka Madruga | CC BY 2.0 The Venezuelan people reelected Nicolás Maduro for a second presidential term on May 20. A US-backed political tide of reaction had been bucked, which had swept away previously left-leaning Latin American governments – often by extra-parliamentary means – in Brazil, […]
Investing in Collapse
Investing in Collapse For years, I’ve been writing about Venezuela, describing it as the “movie” by which we can view the future of other jurisdictions that are presently in decline. The reason is that declining nations follow the same pattern, time and time again, over the centuries. This is not coincidence. The pattern exists because […]
