Argentina is once again out of options to satisfy creditors; will the United States follow?
Despite a ferocious crackdown on beleaguered protesters by the socialist regime in Venezuela that has left at least 15 dead so far, demonstrations against totalitarianism and economic collapse across the nation are still growing. While “President” Nicolas Maduro, successor to the late socialist strongman Hugo Chávez, has secured the support of government workers and fellow autocrats in the region, analysts say the escalating uprising has the potential to ultimately bring down the Venezuelan regime — and possibly other tyrants in the region.
With the Venezuelan economy in full-blown meltdown and massive protests escalating across the embattled nation, the socialist regime of “President” Nicolas Maduro has taken to deploying troops, mowing down student protesters, terrorizing critics, and even arresting leaders of the political opposition. Instead of addressing the root cause of the turmoil — socialism, corruption, soaring inflation, and tyranny — authorities in Venezuela are doubling down and shifting the blame, Chavez-style, onto a foreign “conspiracy” and right-wing “fascists.” At least several protesters have been shot dead so far, with dozens wounded.
Now that credit rating agency Standard & Poor’s has ended the suspense by announcing that it is cutting Puerto Rico’s $70 billion worth of general obligation bonds to junk status, questions about the island’s economic future abound.
After securing the greatest number of votes in the first round of Chile’s presidential election last month with strong support from the Communist Party, self-styled “Socialist” Michelle Bachelet cruised to a widely anticipated victory in a run-off vote for the Chilean presidency held December 15. The former defector to the mass-murdering Soviet bloc, who took refuge under the brutal Communist regime ruling East Germany, is hoping to replace Chile’s freedom-preserving constitution with one that allows government to take over everything from healthcare to higher education.
As the United Nations, which is widely ridiculed as the “dictators club,” becomes increasingly bold in purporting to dictate policy to nations and governments, the controversial global body is now under fire from many of its traditional allies after claiming that Uruguay’s recent decision to end marijuana prohibition somehow violates “international law.” The United Nation's claim about Uruguayan drug laws follows recent demands by it that Obama defy state voters and the U.S. Constitution to smash cannabis legalization in American states.
Between confiscating land from its owners at gunpoint and collaborating with the world’s most ruthless despots in the ongoing conquest of Latin America for socialism, supposedly “moderate” Brazilian President Dilma Rousseff found time to rally the troops and re-affirm her alliance with Marxists at the Communist Party of Brazil’s 13th Congress. Virtually nobody noticed it — especially in the establishment press — but the dramatic scene featuring the radical Brazilian leader speaking next to giant posters of Karl Marx and mass-murdering Soviet dictator Vladimir Lenin was captured on camera and posted online.
Amid sky-rocketing inflation and escalating shortages sparked by socialist policies, the authoritarian regime in Venezuela ordered a military “occupation” of certain businesses in a bid to force them to charge what authorities deem “fair” prices. Venezuelan rulers also vowed this week to intensify the ruthless assault on “bourgeois parasites,” also known as productive businesses in countries unlike Venezuela and Cuba.
Store managers are already being rounded up and jailed, as the formerly prosperous nation’s economic implosion accelerates. Venezuelan “President” Nicolás Maduro also promised that the business seizures and military occupations would be just the “tip of the iceberg,” telling the public that others would be next in the crosshairs if they refused to comply with the regime’s economic decrees.
In a rare window into reality published by the establishment press, an explosive interview with a former U.S. ambassador appearing in the Miami Herald offered further confirmation of the largely behind-the-scenes machinations of a powerful network of socialist and communist forces working to foist tyranny on the peoples of Latin America. In contrast with the popular narrative of Brazil’s ruling political class as a “moderate” force, the ex-official also touched on the key role played by Brazilian President Dilma Rousseff of the Workers’ Party (PT) in the ongoing takeover of the region by a totalitarian-minded cabal.