The aggravation of the economic crisis is making life unbearable for working people in Venezuela. The destruction of the purchasing power of wages has been combined with the collapse of all basic infrastructure (water, electricity and public transport). Workers in different sectors have started to organize and protest, demanding higher wages; while peasants in the countryside are fighting attempts to destroy Chavez’s agrarian revolution.
(ANTIMEDIA) Venezuela — Life in Venezuela now consists of empty grocery stores, record rates of violent crime, and widespread shortages of just about everything.
Fifteen years after embarking on its largely ineffective quantitative easing program, Japan appears poised to try the form recommended by Ben Bernanke in his notorious “helicopter money” speech in 2002. The Japanese test case could finally resolve a longstanding dispute between monetarists and money reformers over the economic effects of government-issued money. When then-Fed Governor […]
Consider these 3 quotes from Canadian billionaire Rob Kirby who buys and sells gold by the ton.
America is not run by Americans anymore.
Historically, when banks have nothing else they can do, they take us to war.
American dollars held overseas will be repatriated which will trigger Stagflation and then Hyperinflation.
British MP Jeremy Corbyn has proposed a “People’s QE” that has critics crying hyperinflation and supporters saying it’s about time. Dark horse candidate Jeremy Corbyn, who is currently leading in the polls for UK Labour Party leadership, has included in his platform “quantitative easing for people.” He said in a July 22nd presentation: The ‘rebalancing’ […]
A very long time ago I promised to issue a Silver Buy flash. I will never recommend buying silver on a credit card but we are running out of time to prepare for the End Game. I am not recommending that you buy silver at the expense of other things you need. And I must remind you that I am not a financial expert.
I have been convinced since childhood that rich people do not like Thermonuclear war because it kills billionaires. Starvation and germ warfare are good because they can be directed at the poor.
Communist China we always knew was created by American liberals. Now James Corbett has filled in a few blanks. Corbett starts by quoting George Soros: “I think this would be the time because you really need to bring China into the creation of a new world order, financial world order.”
The two most interesting stories of the past 10 days were the Je Suis Charlie Stupid rallies and the Swiss National Bank’s admission that they were wrong to defend the euro.
This is what Paul Craig Roberts said to King World News about a recent Federal Reserve policy change and the Big Banks. He said the Too Big To Jail Banks can no longer contribute to the growth in our real economy. The Banks are part of an asset stripping mechanism. The Banks follow the IMF into destitute countries stealing islands from Greece or demanding local utilities be sold to foreign buyers.
The BRICS nations (Brazil, Russia, India, China and South Africa) at their summit in Brazil said they would give the United States until the end of 2014 to reform the world monetary system including the IMF and the World Bank. The Obama administration has since decided to up the ante and pass more toothless sanctions against Russia. The US had fined BNP Paribas $9 billion for daring to trade with Russia and Iran.
