Bloomberg reported last Thursday that Venezuela’s currency — the bolívar fuerte or “strong bolivar” — has lost 45 percent of its purchasing power so far this month, with six days to go.
Multi-national companies, such as Oreo cookie maker Mondelez International and Kimberly-Clark, have given up on Venezuela and its leader, Nicolas Maduro, and are getting out while they can.
The economic chaos in Venezuela turned political on Sunday. When President Nicolas Maduro’s National Electoral Council (CNE), packed with his cronies, declared attempts to call for a national recall referendum on Maduro’s presidency null and void on Friday, opposition leaders called it a “coup.” Sunday's raucous display may be the trigger that replaces one Marxist thug with another in Venezuela.
Like other well-known politicians, Lula's corruption, dating back at least a decade, is finally being exposed.
Brazilian investors, putting hope once again over experience, have doubled the price of the preferred stock of the Petrobras oil company since January, even as Petrobras sells off assets to pay down debts.
The U.S. mainstream media claimed that new Brazilian President Michel Temer represents a "new start" for Brazil. But nothing in that country is likely to change for the better.
As expected, the Colombian Marxist traitor, President Juan Manuel Santos, has concluded the peace of the cemetery with the bloody communist guerrillas on August 24, 2016 in Havana, Cuba, after nearly four years of negotiations. The agreement is a complete and shameful surrender to the bloody communist rebels of the Revolutionary Armed Forces of Colombia (Fuerzas Armadas Revolucionarias de Colombia, known as FARC), who are responsible for more than 200,000 deaths, tens of thousands of injuries, and millions who were forced to abandon their homes during more than half a century of conflict assisted in every way by the Cuban regime. The agreement will not bring peace, but a future communist takeover as happened in El Salvador.
As President Dilma Rousseff takes the stand in her defense during her impeachment trial in Brazil (for corruption), Americans might be heartened to learn not all the crooks are in Washington.