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.

Argentinians are discovering once again that using massive debt obligations and inflation to increase the country's prosperity reflects fatal economic ignorance. 

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.

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