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.

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.

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