The world's largest alliance of Third World dictators and governments, known as the Group of 77 (G77) plus China but composed of more than 130 regimes, is launching a fresh bid to establish a United Nations tax agency. It is all part of what the totalitarian grouping calls a “New World Order.” The latest phase of the controversial UN tax effort is being led by the autocratic Socialist Party regime of Rafael Correa in Ecuador, which assumed the rotating chair of the G77 plus Communist China alliance this month. It is is being heavily promoted by the propaganda organs of some of the world's most brutal communist dictatorships. However, the scheme also has the support of globalist billionaires, UN officials, and establishment politicians across the Western world.
Venezuela’s Marxist dictator Nicolas Maduro fired Nelson Merentes, head of the central bank. Maduro refuses to place the blame for Venezuela's collapse on his own socialist policies.
Unable to feed their children, poor Venezuelans are increasingly turning their children over to others as the nation reels from years of socialism.
Venezuela's socialist president, Nicolas Maduro, is forcing businesses to offer Christmas sales and confiscating toys from warehouses to redistribute to children.
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.