Following the government’s confiscation of its parts plant, General Motors announced on Wednesday it was ceasing all operations in Venezuela. The company said the seizure was illegal and that it would seek legal remedies.
Under pressure from both domestic and international sources, Venezuela’s Supreme Court reversed its recent decision to transfer all legislative powers from the country’s congress to itself.
Venezuela's leader Nicolas Maduro inherited an incredible bread machine, and has done everything in his power to demolish it.
Operation Car Wash in Brazil has, over the last three years, uncovered massive corruption and sped the country's decline. Unfortunately, the investigation has much further to go.
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.