Trump SOTU Speech A+, Democrats Push Socialism, Economy Teeters [Video]

trumpGreg Hunter – President Trump earned an A+ in his State of the Union (SOTU) address in Congress this week. He laid out his vision for America, and according to the mainstream media polling, he received as high as 76% positive ratings. This is surprising because 90% of the coverage (Harvard & MRC research) of the Trump Administration has been negative since his inauguration two years ago. Will the Democrats work with the President and give him what he wants to build a wall on the southern border. It’s not likely, and that means another government shutdown. Continue reading

Gresham’s Law and Bitcoin

bitcoinCharles Hugh Smith – Rather suddenly, the state issued fiat currency bolivar lost 99% of its purchasing power.

Gresham’s law holds that “bad money drives out good money,” meaning that given a choice of currencies (broadly speaking, “money” that serves as a store of value and a means of exchange), people use depreciating “bad” to buy goods and services and hoard “good” money that is appreciating or holding its value.

As this dynamic plays out, eventually there is little “good money” in circulation and the economy suffers accordingly.

Correspondent AK recently submitted an insightful discussion of Gresham’s law and bitcoin:

1: Discussions surrounding Bitcoin and Gresham’s law immediately devolve into a debate about historical formulation or wording of Gresham’s law. Gresham’s law includes the notion that one or several currencies must be accepted at a defined value under legal tender law. However, the wider economic phenomenon that “powers” Gresham’s law is a universal phenomenon that is independent of any particular legal or cultural context. Continue reading

Why The UN Human Rights Council Is Silent As Venezuelans Die Oppressed Under Socialism

Venezuela Mac Slavo – The United Nations Human Rights Council has been silent on the death of Venezuelans at the hands of their democratic socialist government. The UN has sided with death, but that isn’t surprising, considering the horrific plans they have laid out for most humans.

The Miami Herald is calling the UN’s lack of response to blood in the streets in Venezuela a “travesty.” Despite Venezuelan President Nicolás Maduro’s bloody repression of opposition protests that have resulted in more than 100 dead, thousands of wounded and hundreds of political prisoners over the past three months, the United Nations Human Rights Council, UNHRC, has not uttered a single word about Venezuela’s human rights crisis.

But there’s a reason for the silence, and all one has to do to figure it out, is lightly scratch the surface. The UN doesn’t care about human rights.  It’s a front for their ability to massively depopulate the earth for the advancement of Agenda 21. Continue reading

Venezuela’s Death by Socialism

American Liberty Report – As if to stand as a grim reminder of what the left has in store for the United States, socialist ruled Venezuela is in its death throws as food riots rage on. Over the past three years the nation on the northernmost shore of South America has been in steady decline and over the last ten months, the population has descended into poverty and civil unrest. People have resorted to eating their own pets, with more than 75% of the population driven into severe poverty.

communismIn 2014 the number of Venezuelans living in poverty was calculated at 25%. So what has happened? With a centralized system of controlled, the universal nationalization of industry, and just one export good to balance their economy on Venezuela seemed to be in a state of grace, until global demand for their oil crashed.

Now, while the socialist government places paying off foreign debts ahead of the well-being of its citizens the nation has been thrown into chaos. One year ago this month, president Nicolas Maduro signed a state of emergency decree on live television shortly before blaming the United States for ordering the military coup against his administration. Continue reading

The Struggle Of Venezuela Against ‘a Common Enemy

President Nicolas Maduro
Venezuelan President Nicolas Maduro

Albert: Why would the United States want Venezuela’s government overthrown?

Pilger: There are straightforward principles and dynamics at work here. Washington wants to get rid of the Venezuelan government because it is independent of US designs for the region and because Venezuela has the greatest proven oil reserves in the world and uses its oil revenue to improve the quality of ordinary lives.

Venezuela remains a source of inspiration for social reform in a continent ravaged by an historically rapacious US. An Oxfam report once famously described the Sandinista revolution in Nicaragua as ‘the threat of a good example’. That has been true in Venezuela since Hugo Chavez won his first election. The ‘threat’ of Venezuela is greater, of course, because it is not tiny and weak; it is rich and influential and regarded as such by China.

The remarkable change in fortunes for millions of people in Latin America is at the heart of US hostility. The US has been the undeclared enemy of social progress in Latin America for two centuries. It doesn’t matter who has been in the White House: Barack Obama or Teddy Roosevelt; the US will not tolerate countries with governments and cultures that put the needs of their own people first and refuse to promote or succumb to US demands and pressures.

A reformist social democracy with a capitalist base – such as Venezuela – is not excused by the rulers of the world. What is inexcusable is Venezuela’s political independence; only complete deference is acceptable. The ‘survival’ of Chavista Venezuela is a testament to the support of ordinary Venezuelans for their elected government – that was clear to me when I was last there.  Venezuela’s weakness is that the political ‘opposition’ – those I would call the ‘East Caracas Mob’ – represent powerful interests who have been allowed to retain critical economic power. Only when that power is diminished will Venezuela shake off the constant menace of foreign-backed, often criminal subversion. No society should have to deal with that, year in, year out.

Albert: What methods has the US already used and would you anticipate their using to unseat the Bolivarians Continue reading