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Category Archives: Americas

Actions Have Consequences! Ask Venezuela

Authored by Bill Bonner via InternationalMan.com, Let’s turn to an economy getting doomier by the day: Venezuela. Actions have consequences. In public policy, it is impossible to say what the consequences will be. There are too many delusions and too much smoke. Take a policy said to eradicate city rats. Its real purpose is to […]

Puerto Rico’s Population Drain Since 2013 Equivalent To US Losing 20 Million People

Puerto Rico’s economic decline and, now bankruptcy, has triggered an astonishing exodus as thousands flee the commonwealth in search of economic opportunity in the Continental US, Bloomberg reported. The population has been declining rapidly. The island has lost 2 percent of its people in each of the past three years, a comparable departure in the […]

Is This The Worst Guy On The Planet?

Authored by Simon Black via SovereignMan.com, Jose Rafael Torrealba wins the award for biggest scumbag on the planet today. Torrealba is a Venezuelan army general who was featured in a leaked audio recording that was just published yesterday. The recording is of a meeting that took place a few weeks ago in Venezuela in which […]

Has Venezuela’s Crisis Reached A Tipping Point?

Authored by William Burke-White and Dorothy Kronick via Knowledge@Wharton, Venezuela’s ongoing economic and humanitarian crisis has assumed graver proportions over the past five weeks and pressure is mounting for a regime change, even as doubts persist over the likelihood of the next presidential elections, originally set for October 2018. Fresh protests broke out after President […]

The Inflection Point: Venezuela’s Military Begins To Defect, March With Protesters

One month ago, when discussing the latest “explosive” turn in Venezuela’s political situation, we predicted that the worst case for president Nicolas Maduro who has so far managed to keep the army on his side even as Venezuela faces now daily violent and in some cases deadly protests, would be the start of the local […]

Maduro Hands Out Free Homes, Hikes Minimum Wages To Counter Angry Protest Wave

Days after Venezuela was rocked by the worst riots in over a year, with nearly 30 people dying in April from violence related to protests demanding the departure of Maduro who has again been accused of violating democratic norms, Maduro responded by hiking salaries and handing out free homes as he tries to counter a […]

Trump Tweet: “Democrats Want To Shut Government” Over “OCare Failure” and Puerto Rico

After President Trump flipped on two major campaign promises yesterday, funding for the border wall and obamacare subsidies, many believed that a government shutdown crisis had been averted. But, that is only because most of the mainstream media doesn’t understand, or is simply unwilling to admit, that Democrats aren’t looking for a ‘deal’ on a […]

An Angry Canada Responds To Trump’s Lumber Tariff… And What It Means For The Economy

After last night’s announcement of ~20% tariffs on softwood lumber imported from Canada, Prime Minister Justin Trudeau lashed out at the Trump administration saying the U.S. could suffer from a “thickening” border as trade tensions between the two countries escalated, sending the Canadian currency to a 14 month low. As a reminder, the United States […]

Venezuela’s Maduro – Selling The Golden Goose

Authored by Jeff Thomas via InternationalMan.com, Venezuela is a naturally rich nation. It’s ranked seventh worldwide for biodiversity and has the world’s largest reserves of oil. This is a country that deserves, more than most, to thrive. However, as in all countries, it passes through economic cycles and, when on a downward curve, would-be leaders […]

“All I Have Is Hunger” – Many Venezuelans Too Weak To Protest Despite Maduro Misery

While tens of thousands of angry Venezuelans turned out for the 'mother of all protests' yesterday, facing an increasingly hostile military/police state, the numbers could have been significantly larger but for the fact that legions of poor Venezuelans are simply too frail from starvation to protest. Some say they are intimidated by armed pro-government militias […]