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Venezuela Descends Into Chaos… Europe and US Next
Power shortages have deepened (and this in an oil rich country!); food is becoming scarce (some people have resorted to eating dogs and cats); people lie on concrete slabs in hospitals without medicine (if you thought medical care was bad, just wait until it’s free!); and riots and looting are growing worse.
I went to see the end stages of socialism, complete with hyperinflation. I wanted to see where Europe and the US are headed.
In hindsight, it was shocking to see how few people in Venezuela understood what was going on. You’d think in this day and age, they’d just watch a few Youtube videos (like some of ours) and realize the reality: Almost all their problems are a direct result of government and central banking.
Yet, hardly anyone understood. Your average person was miserable, that was for sure. But they didn’t know what was causing their misery.
I didn’t find much interest in gold and silver, let alone much buying, even though it was obviously a good idea. And, forget bitcoin. No one knew what it was… except for the government that predictably has banned it.
Bizarrely, large parts of Caracas still hang pictures of Hugo Chavez and still consider him to be a hero!
I met a few people who were open to rational discussions. They were making about about $20 a month and could barely survive.
“Why don’t you go somewhere else?” I asked them. “Colombia is close. And Trinidad & Tobago, Aruba, Argentina or Chile. All with economies that are functioning and sometimes doing very well.”
The general response was, “I don’t know anyone there.”
Very strange. Why choose to live in squalor and desperation just because the environment is familiar to you?
This is a mentality I often see in America. Elsewhere, too. Stressed, people have a tendency to live like serfs, never venturing far from their birthplace.
It’s really not necessary in this era of the internet. Spend five minutes on Facebook and you know some people.
In fact, our global reach includes TDV Groups (also known as the Vigilante Expat Network). If you’re a subscriber, you can converse with other dollar vigilantes anywhere in the world. They are a great bunch. I know from experience, they’ll practically pick you up at the airport and help you get situated if you decide to visit or move.
It’s just one of the many benefits of being a Dollar Vigilante newsletter subscriber (see more here).
The scary thing about Venezuela is that all the conditions already exist, and are nearly the same, in Europe right now. And the only difference between where the US is headed and Venezuela, is the US hasn’t outlawed guns… yet. Otherwise whatever I saw and experienced in Venezeula was already familiar to me from my travels in the US and Europe. (It’s one reason I got out and went to live in Acapulco.)
I was in Venezuela seven years ago and it was generally fine. A beautiful place to visit full of bustling shops, restaurants, bars and hotels. Two months ago when I returned, I was visiting the murder capital of the world. As I wrote, we had to carry backpacks of money to pay for lunch at the few restaurants that were open. We were told to not wear sunglasses or use our mobile phones or we’d get robbed. Our hotel barricaded the doors at night to keep criminals out.
Venezuela: Meet the destiny of Europe and the US.
Both Europe and the US are already tumbling further into socialism. Nearly half of all millennials in the US say they like socialism over capitalism.
Just look at Joseph Stiglitz, the Nobel Prize winner in Economics (Keynesian/Globalist economics that is), who is one of the most respected economists in the US… He wrote The Price of Inequality and, excuse me as I hold back from vomiting, Making Globalization Work. He’s also the former vice-president of the World Bank.
“Venezuelan President Hugo Chavez appears to have had success in bringing health and education to the people in the poor neighborhoods of Caracas, to those who previously saw few benefits of the countries oil wealth,” he said.
In his latest book “Making Globalization Work,” Stiglitz argues that left governments such as in Venezuela, “have frequently been castigated and called ‘populist’ because they promote the distribution of benefits of education and health to the poor.”
“It is not only important to have sustainable growth,” Stiglitz continued during his speech, “but to ensure the best distribution of economic growth, for the benefit of all citizens.”
And, look at this tweet from one of the top politicians in England from only three years ago!
The West is headed the way of Venezuela. In fact, it’s all part of the Globalist one world socialist government plan being quickly put into place this Jubilee Year.
You can see it in Europe, where unrestrained Islamic immigration is being aimed at creating chaos within established cultures. And in the US, where the possibility of a Hillary victory would firmly establish a Venezuela-style paradise.
This Jubilee Year is all about putting in place the final foundation for the world’s oncoming globalism. Venezuela is just a little bit ahead of the curve. For a video on this Jubilee Year and its growing damages, please see HERE. And for our White Paper, please see HERE.
I had the opportunity to interview one of the only anarcho-capitalists in Venezuela for my program, Anarchast. It took us nearly two months to put it live because I insisted on paying Daniel to translate it. It took him nearly two months because of the nearly constant power outages.
Have a look at this conversation I had with one of the few people in Venezuela who understands economics. See how quickly things fall apart under socialism and how the US, Europe, and many other places in the West are not far behind following Venezuela’s path:
245 Comments on "Venezuela Descends Into Chaos… Europe and US Next"
Paulie on Mon, 23rd May 2016 1:01 pm
I have seen the decline in NY State where complete industries are gone and the skeletons of factories remain crumbling. The mentality of the people in these areas, which is passed from generation to generation, is to exist standing on the DSS line to get Welfare, an EBT card, and Medicaid. If you speak to any of these people walking around in their pajamas pushing baby carriages when they should be attending high school, they will tell you that they have never left where they come from. They have never traveled. They know no other way of life. In fact, they are actually proud that they don’t work and the state supports them and their babies. This is more than a temporary helping hand in my opinion. Where did personal responsibility for ones choices go? I hope to God the election goes the opposite direction of Hillary Clinton.
Steve on Mon, 23rd May 2016 1:03 pm
The author was right on the money. The disagreements demonstrate a Liberal Public Schools system’s ability to push the virtue of Socialism, which causes vast poverty and death, to the horrors of Capitalism, which is responsible for increasing the quality of life across the planet.
RunswithBoots on Mon, 23rd May 2016 1:06 pm
Socialism is inseparably interwoven with totalitarianism and the object worship of the state.
“Socialism is an attack on the right to breathe freely. No socialist system can be established without a political police”
“Socialism is like a dream. Sooner or later you wake up to reality.”
“Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery”
_Winston Churchill
RunswithBoots on Mon, 23rd May 2016 1:07 pm
“Socialism is inseparably interwoven with totalitarianism and the object worship of the state.”
“Socialism is an attack on the right to breathe freely. No socialist system can be established without a political police”
“Socialism is like a dream. Sooner or later you wake up to reality.”
“Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery”
—-Winston Churchill
Carlos on Mon, 23rd May 2016 1:12 pm
Cuba, Venezuela, Bolivia, etc. it’s nothing but the same excrement in different wrappers. That photo of a “hospital” is a great poster for govt. run healthcare. What I find astounding is how much faster Venezuela has rotted, compared to Cuba.
Jo on Mon, 23rd May 2016 1:12 pm
“the end stages of socialism” is a bit exaggerated. Free medical care exists in all of Europe, Japan, much of Latin America, Taiwan, etc.. with few problems, cheaper costs, better care. Don’t believe the hype this guy is laying down.
blye on Mon, 23rd May 2016 1:13 pm
The makers flee the takers
Jo on Mon, 23rd May 2016 1:14 pm
there is big difference between Democratic Socialism and a centralized totalitarian government as run by the old Soviet Union and still existing in North Korea, Cuba, Venezuela……
Boat on Mon, 23rd May 2016 1:15 pm
Apneaman on Mon, 23rd May 2016 12:30 pm
Sounds like your god has a taste for raping, murder, pillage and slavery. Yeah, real big on the raping.
Yes ape. You should be political correct enough to reject most religion. Rejecting profanity is next on your path to being normal.
Edward Jacobs on Mon, 23rd May 2016 1:18 pm
Read The Road to Serfdom by FA Hayek to more fully understand this article and the mistake of the planned economy.
Bob on Mon, 23rd May 2016 1:20 pm
I worked and lived in Japan for 5 miserable years and while cheap, healthcare is NOT free. The government pays 50% and the company 20 – 30 and the patient the remainder. Medicines are very expensive as generics are almost non existent. Access to care is poor at best and waits fr the simplest issue can be 3 -5 hours in a disease ridden outpatient waiting area. People are packed in like sardines and are all at the hospital as private care is rare. If this is what the socialists want they are welcome to it. I was very glad to return to the USA
Leo on Mon, 23rd May 2016 1:21 pm
There are more poor than rich so the base support for any election is the poor who are used in the name of socialism which promises equality 🙂
Barbara Jennings on Mon, 23rd May 2016 1:21 pm
So the guy is disgusted with America and decided to move to his utopia, Acapulco. Acapulco, who in recent news has been taken over by drug dealers and people are being murdered in the streets. It’s absolute chaos there lately and we are supposed to believe America is bad. What an idiot he is. I hope the door hit him in the you know what.
Gero on Mon, 23rd May 2016 1:23 pm
This article is spot on. The government of America is $20 TRILLION in debt and no plan to stem rising debt, let alone pay it down. At some point heroics will be required just to keep the “crisis” from becoming a “biblical disaster”.
And Obama, Hillary, Bernie, Nancy and Bernie all want to give away more freebies with no way to pay for them (or what we currently have). And then the Fed… They may have saved the banks, but screwed the people. NO SAFE INVESTMENTS- ANYWHERE. The stock market is on the precipice, interest on saving is near zero (and could go negative like Japan). Income is stagnant or going down (unlike the fools that say we have a “recovery”). We’ve absorbed 20 million ILLEGAL immigrants who have stolen jobs of the unskilled Americans (or simply gotten welfare benefits).
Infrastructure? Can’t happen unless it’s an emergency. We don’t have the funds. And any funds allocated get skimmed by our public “servants” before the money gets deployed.
America… You’re a zombie state… an you don’t even realize it yet.
Guy on Mon, 23rd May 2016 1:25 pm
Praise God for the reading of His word. As for the captives of Israel, those heathen idolatrous bastards all deserved all of that anyways. It was Gods way of establishing His testimony of His existence upon the earth. Israel exists because God exists. It’s too bad those women weren’t Egyptian women from the dark occult world of Egypt that held captive Israel for 400 yrs in slavery building their eroding pyramids. God exists and He wants people to believe it. That’s why Israel and Christians exist. They are all testimonies to Gods existence so atheist propaganda and brainwashing will not prevail over the minds and hearts of men and some might believe, repent, and turn to God. It’s because of Gods love for you, His creation that He raised these testimonies up to be visibly perceived to draw you to Him. Don’t be critical of His methods and wisdom. He’s dealing with eternal matters and not the wisps of a lifetime of mortal men. Everything He does is for His own righteous glory so you would be wise to hold your peace and be humble before Him.
Robert Tauckus on Mon, 23rd May 2016 1:30 pm
Socialism-
1)”Look around and see who has it and (or) doesn’t deserve it, versus those who don’t have and (or) deserve it. And the key to it all is the word “deserve”, which is a variable.” 2)or is the definition of socialism simply a Welfare State
3) or is it No Accountability For Your Own Actions. I love my babies.
4) or all of the above
5) some of the above
6. or add your own definition
Jess Miller on Mon, 23rd May 2016 1:31 pm
Whoever wrote this non-sense article, has not idea what he is talking about, he is probably copy and paste FoxLiesNews. I am venezuelan and we are WESTERNERS, dogs and cats are not in our diet. We eat pasticho, and salad. If something really bad happens, we have almost 3,000 kilometers of Caribbean coast, right in front of us, which is plenty of fish, tuna, lobsters, oysters, crabs, etc. Why would I eat dog and cats? are you Asian? maybe North Korean? Vietnamese?
kedbob7 on Mon, 23rd May 2016 1:34 pm
Totalitarianism and the failure of socialism is wrought by capitalist motives to undermine reality, exerting control by word destruction labeling and other fascist acts. Hitler is always said to have been a socialist. Hitler was a fascist and believe me, the fascists won the world wars they created for fun and profits.
Drew on Mon, 23rd May 2016 1:35 pm
Where can the makers go? Does Atlantis exist? Does anyone know how to get there or is it invitation only?
dane on Mon, 23rd May 2016 1:38 pm
How very sly of you to help perpetuate the solely American habit of confusing the word socialism with the word communism.
Chavez (may he rest in hell) called his revolution socialism to make it more appealing to European NGOs and get as much support as possible.
It is not socialism, it is communism.
Educated people making changes out there know better. They know that Canada and many European countries have exercised a socialist capitalist model for decades. Look at Germany, with its heavily subsidized public transportation that discourages car ownership, while producing some of the finest vehicles in the world. Those who work at the capitalist companies that produce those cars don’t have to worry about how in the world they are going to pay for health insurance, simply because they cut out the middleman (insurance companies) and therefore they are healthier, less stressed out and therefore more productive and focused.
Wnat to talk about a latin American model? Communist (not “socialist”) Cuba is no model of human rights, but guess what? Its indexes of literacy, health, child mortality crime and violence fare way better than many capitalist latin countries…. and even the US.
Since you have the power of media, instead of condemning fair demands of the working class, which brings about communism through violent means when people get sick of unfairness, let’s be fair to the working class and bring them socialism, before it’s too late for capitalism.
alex on Mon, 23rd May 2016 1:44 pm
no one from main press ever says a word
Michael Wood on Mon, 23rd May 2016 1:45 pm
This article is finely written and has some grains of truth to it, but by and large, a great deal of what this author has stated is mis-information and pure exaggeration totally in every respect. No brass ring here with this article, better luck next time!
Bill on Mon, 23rd May 2016 1:47 pm
Big difference between Democratic Socialism and totalitarian socialism like in Venezuela. If you are going to try to trick people ay least make it not so obvious and compare applas to apples
Beeb on Mon, 23rd May 2016 1:48 pm
Jo at 1:12 said: ““the end stages of socialism” is a bit exaggerated. Free medical care exists in all of Europe, Japan, much of Latin America, Taiwan, etc.. with few problems, cheaper costs, better care. Don’t believe the hype this guy is laying down.”
The truth is the rest of the world is just on a more shallow trajectory than Venezuela. But socialism will always end the same way, don’t doubt it.- “Socialism is great until you run out of other people’s money to spend.” Margaret Thatcher.
Don on Mon, 23rd May 2016 1:49 pm
The article is accurate. This is a foreshadow of things to come to America if we don’t stop this NOW. There is no more putting things off. This is all caused by Congress allowing Obama to put this garbage in place. They should have impeached the POS when he traded Bowe “Birdog” for 5 Taliban prisoners and didn’t secure our borders. Paul Ryan and John Boehner are equally responsible for letting this take root. As for the American in the video moving to Acapulco, what an idiot! I just saw in the news this past week Acapulco is turning into a thug-run criminal cesspool. People are being killed at the rate of 12 per day while cartel criminals run wild murdering innocent people. There is no way I’m going to sit back and watch my country descend into this type of chaos. We all have to FIGHT together to stop these people in our government who are facilitating this to happen. It MUST END IMMEDIATELY if we are to survive.
Rodan Nabor on Mon, 23rd May 2016 1:56 pm
To be sure Venezuela has huge problems. But this highly political spin has little to do with their current predicament–the overwhelming dependence on oil. Unfortunately, “capitalism” would not have saved them from their current situation. In fact, the problem would likely be worse because without checks and balances on business–uncontrolled greed and exploitation would be rampant. They would simply trade one problem for another.
onlooker on Mon, 23rd May 2016 2:13 pm
First of all let me preface this by saying Socialism/Communism is not the answer. No central power structure can ever be the answer as power corrupts. We need a diffused decision making process which can be regarded as Anarchism. As for the reasons for the ruin of Venezuela, incompetence, thievery, meddling by its enemies the always meddling Western imperial neo-liberalism. You all forget that a country does not exist in a vacuum, it is part of the world economy ie. system. The price of oil has as much as anything to do with the downfall of Venezuela and Oil is a traded commodity on the world markets. This system has been totally corrupted by money and compliant Institutions and countries doing the bidding of the incredible rich Bankers and Corporation who obviously also are part and parcel of this frenzy of profit making. Nothing you can ever accuse Socialism or Communism can ever equal the ravages of this hyper Capitalism. It has bought us to this precipice of an Earth no longer able to support complex life and of a world filled with infighting and great injustice and inequality not to mention all the warfare it has incited. You fools fail to see this because you have been the lucky ones spoiled on purpose by the US govt so that you would not protest too much all the extreme imperial aggressive and destabilizing policies and actions of the US, its corporations and its military. Besides being spoiled you have been deceived and distracted. The final Great Con has been the War on Terror. This War on terror is nothing more than a smokescreen for Totalitarianism worldwide by the Bankers and other elite and wealthy. Your utility to the ruling elite is fast disappearing as such expect precisely what this article says about the downfall of US and Europe but not for the reasons the article purports.
Bill on Mon, 23rd May 2016 2:15 pm
I only wish these young people who support socialism over capitalism had the opportunity to go behind the “iron curtain” when it was still up and look at how people live under socialist rule. Today’s young people don’t know what they are asking for in the way of government if they prefer socialism over capitalism.
dad on Mon, 23rd May 2016 2:16 pm
Every where communism and socialism has been tried, it leaves millions of people dead, destitute, and in misery. America’s free market system has created a great middle class that gave everyone comfortable lives with plenty of food. Go to any welfare office and you will see hoards of 200 to 300 pound women waiting to pick up their food stamps.
JonThomas on Mon, 23rd May 2016 2:16 pm
LOL! — It’s amazing to see how many posters drank this Kool-Aid. – The author picks a country made poor by being named enemy of the U.S. for no good reason – except they don’t kowtow to U.S. pressure to obey.
So, just as we destroyed Guatemala when their thriving, fledgling democracy dared to throw off the yolk of U.S. exploitation, we tossed Venezuela in the trash as well.
Then, spin doctors like this hack try to blame their problems on their socialist policies. – It’s clear that socialist policies work well – like the world’s biggest socialist project – the U.S. Interstate Highway System.
Of course, it is the obscenely greedy one-percent, sucking the resources from the planet that is causing the suffering.
The world is now built on monstrous lies like this.
Walt Dooles on Mon, 23rd May 2016 2:17 pm
It’s a grief to see large portions of population suffer.
It’s poignantly delightful and encouraging to have an up-to-date living example for the punk a– college kids, professors, and politicians to face about the utter failure of Socialism.
TO THE LEFT I SAY, Come see what great things Socialism has done !!
Nate the great on Mon, 23rd May 2016 2:17 pm
This is created from America and Saudi negotiations to keep the oil prices low. They want to ruin this country and the American Fracking industry. Next up WW3.
Dustin on Mon, 23rd May 2016 2:23 pm
Is this the “How to bake better Corn Muffins” commentary? I think I’m lost….
onlooker on Mon, 23rd May 2016 2:26 pm
Well said Jon Thomas. Oh and as a regular member here on PO.com welcome to all the new members who seem to have inundated our board with this post on Venezuela. Hope you guys stay around.
sidzepp on Mon, 23rd May 2016 2:28 pm
When we closed our restaurant in 2002 there was not a government agency or politician stepping forward to bail us out. Many people would say that we were not good at business. Either way, we moved on. That is capitalism, or better yet, free enterprise.
Jump forward to 2008/09 when the insurance companies, banks, and auto manufacturers began to fail. The government stepped in to the tune of 750 Billion dollars and assumed some of the bad debts of the banks. The argument should have been the same. You failed, move on. Yet we have created a system where business and government are intertwined with each other.
These same business cry about the regulations imposed by the SEC, OSHA, and other agencies, both State and Federal, yet they turn around cry when they are hurt.
Frank on Mon, 23rd May 2016 2:29 pm
CORRUPTION, endless at that is what did that country in. I ;lived there long enough and left young enough to see it happen.
Stop blaming Social programs for it’s demise.
Bill Seney on Mon, 23rd May 2016 2:30 pm
Socialism does not work, as opposed to social democracy that does. Look at Norway.
Walt Dooles on Mon, 23rd May 2016 2:32 pm
Inevitably, socialism, when in place becomes a tool of the STATE to subjugate the people. May be working now for Norway, but not for very long. Be Well.
JonThomas on Mon, 23rd May 2016 2:47 pm
Thanks, onlooker. It’s always nice to find a new checker table to sit around and chew the fat. It’s humorous, but pathetic, to see all these Chicken Littles repeat the one-percent warning – “The Socialist sky is falling!” – when socialism is probably the only thing that will save them.
@Frank – Thanks for that testimony from one who’s seen the truth. – Corruption is the kingdom of the one-percent. – They couldn’t live without it.
Evert on Mon, 23rd May 2016 2:48 pm
This author seems not to know much about anything.His mind poisoned by talk radio of radical type who called Obama a Marxist etc. These delusional stories are permeating the Venezuela “report” to make it a rather worthless type of propaganda for the so called worldwide conspiracy by the United Nations etc. How do they make it up, there is not a shred of evidence for any of this. And no European country is socialist like Venezuela. They are all capitalist societies with a human face, meaning the government has provided safety nets to reduce the most severe negative impacts a raw capitalist society can have. Sounds like civilization to me.
Apneaman on Mon, 23rd May 2016 2:50 pm
Capitalism Rules
62 people have as much wealth as world’s 3.6B poorest, Oxfam finds ahead of Davos
http://www.cnbc.com/2016/01/17/62-people-have-as-much-wealth-as-worlds-36b-poorest-oxfam-finds-ahead-of-davos.html
The richest 1% own more than 99% of world’s population
http://www.euronews.com/2016/01/18/the-richest-1-percent-own-more-than-99-percent-of-world-s-population/
This did not happen by accident. It was planned and it worked. They chipped away at it with one piece of legislation at a time. Eliminate legislation and regulation that was in their way and get their puppets to pass new and more favorable legislation. Given how far these global elites have come in the last 35 years (Regan-Thatcher puppets)take it to it’s logical conclusion. Even if you’re living in a consumer capitalist utopia, chances are you are a wage slave and a debt slave – these people fucking OWN you and they are coming for the rest. It’s the nature of power and greed to never stop trying to get more. I’m no great fan of socialism or any ism for that matter, but the only difference between Venezuelan and America and Canada and Europe and the rest is who’s going down first. All you mericans who think you’re “all that” are totally blind to what has and is happening to your country. Maybe you can’t see it when your in the middle of it, but it’s a clown show and the entire world is laughing at you. Can you imagine when the US gilded cage starts falling apart and millions of hungry angry people are standing in lines at super markets and protesting. The difference is that the mericans are locked and loaded to the hilt. Should make for a happy viewing experience.
Capitalism Rules – you.
mpzz on Mon, 23rd May 2016 3:00 pm
Socialism is the opposite of fascism.
You take your pick.
sidzepp on Mon, 23rd May 2016 3:03 pm
Good points, Apnea. America is an entitlement society. The rich think they are entitled to tax breaks and other perks, the bottom think they are entitled to food stamps and welfare. People cry for $15 an hour and others say that is unfair. Even the poor in this country (for the most part) have a roof over their head, food in their bellies, and a vehicle or two sitting in the driveway.
American want a bigger house, a more expensive SUV, all the latest electronic toys. College students cry for free college. Dollar stores abound so the poor can accumulate cheap imitation goods that keep the Chinese peons working for nothing.
A popular bumper sticker for years said; “the one with the most toys at the end wins!” It sums up our mentality as a nation.
benevolent dctator on Mon, 23rd May 2016 3:04 pm
Interesting observations as these tragedies of Venezuela and Cuba will become comedies of absurd reasoning. This is straight out of the fiction of Ayn Rand’s Atlas Shrugged. She tried to warn us and yet people want to “feel” they can affect change by reinventing a broken wheel; I want 2+2=5 because it will help us. Violate the principles of the paradigm and it will fail to serve you because you perverted the use of the tool.
Jesse on Mon, 23rd May 2016 3:05 pm
Government run health care stinks. I’ve lived overseas for 30 years and talked to co-workers from Europe & other countries where they had government run healthcare. All were not satisfied with it because getting an operation took months and some said – “Is the US crazy to go into government run healthcare? Britain’s tell me their doctors are overworked and underpaid and therefore only mediocre and bad doctors remain.
The same goes for anything government runs. Look at the waste in Washington DC. Look at the Veterans Administration.
Why? Simple, there is no incentive to produce & no incentive to be efficient because there is no bottom line (just increase taxes) and it’s very difficult to get incompetents fired.
The US is in competition, mostly with China. There are hundreds, if not thousands of applicants for 1 job. There is no health insurance provided by employers. With our national debt standing at $20 trillion and unfunded trillions (about $80 trillion) for Social Security and Medicare/Medicaid in the future, we are at the precipice of having our standard of living spiraling down, if nothing is done. The Democratic party of today are elitists, that’s why they’re cozy with the banks more than the Republicans. They are socialists that promise anything under the sun, dismissing our national & unfunded debt.
Japan has a national debt of over 200%. They can’t really tax their people anymore so they have just recently resorted to negative interest rates. That means that Japanese who have government bonds will see those bonds lose value over time! Japanese are okay with this since they are very loyal to their government. Wonder how long they will be loyal as they become poorer.
igor stravinski on Mon, 23rd May 2016 3:06 pm
“the U.S. hasn’t outlawed guns – yet”
Oh that’s right, we are so close to getting rid of the 100’s of millions of guns in this country that I’m going to run out and buy some more. ‘Cause you know Obama is coming for them after the election. I don’t know if he can get them all before crooked Hillary gets into office though. You know, slippery slope and all that.
Oh & we are so close to socialism here that the stock market has doubled since the bottom of the recession.
The corporate/political power & abuse is what we should worry about here…
it’s almost summer, but I can’t send my kid to Fema camp like I’ve been promised these last 7 years. Maybe they’ll get that set up after collecting the guns & the Sharia law.
SDH on Mon, 23rd May 2016 3:12 pm
What a moronic article. It has far far far less to do with socialism vs capitalism than it does with CORRUPTION IN LEADERSHIP. ANY SYSTEM will collapse under rampant corruption and injustice. Funny how these writers never cite the Scandinavian countries when bemoaning “socialism”, nor do they ever talk about the many problems that plague unfettered capitalism, as it descends into corporate oligarchy.
onlooker on Mon, 23rd May 2016 3:15 pm
Benevolent Dictator, your bow to Ayn Rand shows your allegiance to Capitalism. Wonder how the intellect and work ethic of people around the world will serve them once the One World Govt is imposed and environmental woes get even Nastier. Guess we will problem solve and work hard as we are starving uh or if we are lucky as we are standing like beggars are some food line
onlooker on Mon, 23rd May 2016 3:16 pm
on some food line
onlooker on Mon, 23rd May 2016 3:18 pm
Oh and money may be the coin of the realm but corruption is its MO.