We are watching an entire nation collapse right in front of our eyes. As you read this article, there are severe shortages of just about anything you can imagine in Venezuela. That includes food, toilet paper, medicine, electricity and even Coca-Cola. All over the country, people are standing in extremely long lines for hours on end just hoping that they will be able to purchase some provisions for their hungry families. At times when there hasn’t been anything for the people that have waited in those long lines, full-blown riots have broken out. All of this is happening even though Venezuela has not been hit by a war, a major natural disaster, a terror attack, an EMP burst or any other type of significant “black swan” event. When debt spirals out of control, currency manipulation goes too far and government interference reaches ridiculous extremes, this is what can happen to an economy. The following are 8 lessons that we can learn from the epic economic meltdown in Venezuela…
You may have seen the ads on television or heard the story on various news programs.
Puerto Rico is bankrupt. Well… not technically, but more on that in a minute.
Why should you care? Because although it’s not really general knowledge, Puerto Rico’s bonds are in about half of all open-ended mutual funds. That includes money markets.
That doesn’t even include hedge funds, insurance funds or exchange-traded funds. Hundreds of billions of dollars. That includes your investment dollars, whether you know it or not.
Like it or not, the fate of the Puerto Rican people, and the fate of your portfolio, are inextricably mixed.
Who’s to blame? The Three Horsemen of the Economic Apocalypse of course: bought politicians, greedy bankers and the untouchable multinational corporations.
Here’s the “quick and dirty” on how this U.S. protectorate and de-facto 51st state ended up where it is today. Another deeper dive can be found here, thanks to Bloomberg.
The so-called “War on Drugs” is conducted with much fanfare.
Hardly a day goes by when there’s not a segment on the news media (either local or national) in which law enforcement is shown displaying a host of “illegal” drugs, money and guns they’ve confiscated in their bid to keep Americans safe from shady narco-terrorists who want to hide in the shadows and distribute marijuana, crack and pills to the masses. And there is perhaps no issue that misleads, confuses and bedevils concerned citizens of all political stripes as the so-called “War on Drugs.”
The Republicrat government oligarchy is well aware of this fact, and so it uses a trumped-up, false war on drugs to deceive the masses, to deceive and to wear out taxpayers, to paramilitarize and enlarge law enforcement and government, and to promote the two-party/left-right/conservative-liberal false paradigm.
On Memorial Day, Americans honor the millions of soldiers who gave their lives in service to the country. But we shouldn’t only think about America’s dead soldiers once a year. The immense suffering both they and their families endured should cross our minds any time a warmonger suggests interventionism is a good idea.
Former Sen. John Glenn told his colleagues in 1997: ““It’s easy to see the flags flying and the people go off to war, and the bands play and the flags fly. And it’s not quite so easy when the flag is draped over a coffin coming back through Dover, Delaware.”
Journalists use the so-called Dover test, gauging public support for a military action after the first reports of the nation’s casualties, to determine whether U.S. leaders engaged the country in a popular war.
Rep. Dana Rohrabacher (R-Calif.) didn’t say he’s been toking it up in the Rayburn Building. But the lawmaker’s admission to using a marijuana-based medicine to relieve his arthritis is still a big deal.
Though medical marijuana is legal in Rohrabacher’s home state, it remains prohibited by federal law.
Despite countless reports of individuals who find relief using medical marijuana products that is better, or comes with fewer side effects, than what Big Pharma can provide, the feds maintain that cannabis has “no currently accepted medical use” and “a high potential for abuse.”
During a recent address to a gathering of marijuana reform activists, Rohrabacher said he has to disagree based on personal experience.
“I haven’t been able to go surfing for a year-and-a-half and I’ve been in severe pain,” Rohrabacher said as he made a paddling motion, according to Cannabis Radio. “Because I spent all this time doing that, which I can barely do now.”
Chaos and violence threaten to spiral out of control in America’s third largest city, and nobody seems to have any idea how to solve the problem. After decades of control by the radical left, many parts of the “Windy City” have become rotting, decaying, gang-infested hellholes. Just like Detroit, the city of Chicago is rapidly becoming a joke to the rest of the world, but a horribly corrupt political culture likely stands in the way of any type of major reform any time soon. And just like much of the rest of the nation, a spirit of violence and civil unrest is rising in Chicago. So far this year, the number of shootings in Chicago is up 50 percent compared to the same time period last year, and that was before we even got to Memorial Day weekend. As of Sunday morning, at least 40 people had already been shot, and authorities were bracing for even more violence as the holiday weekend stretched on…
Starting on June 7th, FEMA will be conducting a large scale drill that has been named “Cascadia Rising” that will simulate the effects of a magnitude 9.0 earthquake along the Cascadia Subduction Zone and an accompanying west coast tsunami dozens of feet tall. According to the official flyer for the event, more than “50 counties, plus major cities, tribal nations, state and federal agencies, private sector businesses, and non-governmental organizations across three states – Washington, Oregon, and Idaho – will be participating”. In addition to “Cascadia Rising”, U.S. Northern Command will be holding five other exercises simultaneously. According to the final draft of the Cascadia Rising drill plan, those five exercises are entitled “Ardent Sentry 2016″, “Vigilant Guard”, “Special Focus Exercise”, “Turbo Challenge” and “Joint Logistics Over-The-Shore”. The primary scenario that of all of these participants will be focusing on will be one that involves a magnitude 9.0 earthquake along the Cascadia Subduction Zone followed by a giant tsunami that could displace up to a million people from northern California to southern Canada.
The President of the United States weighed in on who uses the bathroom where, he said his priority was equality for the segment of society bearing a different mindset than their biologically assigned junk. But it’s really looking more and more like he just enjoys chaos.
It’s not politically correct to say that a transgender person is confused about where his/her/nirs/vis/eirs/hirs/zirs/xyrs physical form intersects his/her/nirs/vis/eirs/hirs/zirs/xyrs mental perception.
But what we can say without fear of upsetting the PC police is that top-level policy directives which only benefit a miniscule portion of the nation’s population sure are confusing a lot of folks whose understanding of the genitalia they’ve always carried is a bit more… traditional.
Here are a couple of interesting statistics the Daily Caller pointed out this week:
Exactly 0.3 percent of Americans are transgender, according to a 2011 report from the Williams Institute.