South America

Authored by Daniel Lang via SHTFplan.com,

It’s always funny to debate socialists on the merits of their ideology.

If you point to a country like Venezuela, and say “See! This is what socialism leads to,” they’ll no doubt claim that it isn’t a real example of socialism. But if you went back in time by just a few years, you’d find that their perception of Venezuela was quite different.

On Monday morning, we reported that in a stunning development, chronic defaulter Argentina - which just one year ago emerged from its latest bankruptcy - has found enough willing greater fools to sell 100-year bonds to. One person who especially stunned, was Mint's Bill Blain, who issued an entire note describing his disgust with what the market has devolved to.

* * *

Argentina 100 Year Bonds: Really? Nobody Believes, But They Will Buy.

“Everyone should learn to Tango before they die.. ”

Violence in Venezuela, South America’s crumbling socialists paradise, is intensifying as street clashes between anti-government protesters and government forces enter their third month. At least 67 people have died since the demonstrations began, including 18-year-old Armando Canizales, who the New York Times described as a “success story of Venezuela’s state-run music program for the poor.”

Authored by Bill Bonner via InternationalMan.com,

Let’s turn to an economy getting doomier by the day: Venezuela.

Actions have consequences. In public policy, it is impossible to say what the consequences will be. There are too many delusions and too much smoke.

Take a policy said to eradicate city rats. Its real purpose is to reward a large political donor who owns a pest control firm. It ends up killing the pigeons.

By Chris at www.CapitalistExploits.at
Well done!

To the Donald...

Too true Donald. These guys are filthy rich. In fact, if Justin Bieber lived out there, they'd put him on income support.

Fighting words those. Bow wow, woof, woof. Grrrr!