Best of the Week
Most Popular
1. Investing in a Bubble Mania Stock Market Trending Towards Financial Crisis 2.0 CRASH! - 9th Sep 21
2.Tech Stocks Bubble Valuations 2000 vs 2021 - 25th Sep 21
3.Stock Market FOMO Going into Crash Season - 8th Oct 21
4.Stock Market FOMO Hits September Brick Wall - Evergrande China's Lehman's Moment - 22nd Sep 21
5.Crypto Bubble BURSTS! BTC, ETH, XRP CRASH! NiceHash Seizes Funds on Account Halting ALL Withdrawals! - 19th May 21
6.How to Protect Your Self From a Stock Market CRASH / Bear Market? - 14th Oct 21
7.AI Stocks Portfolio Buying and Selling Levels Going Into Market Correction - 11th Oct 21
8.Why Silver Price Could Crash by 20%! - 5th Oct 21
9.Powell: Inflation Might Not Be Transitory, After All - 3rd Oct 21
10.Global Stock Markets Topped 60 Days Before the US Stocks Peaked - 23rd Sep 21
Last 7 days
Best AI Tech Stocks ETF and Investment Trusts - 19th Oct 21
Gold Mining Stocks: Will Investors Dump the Laggards? - 19th Oct 21
The Most Exciting Medical Breakthrough Of The Decade? - 19th Oct 21
Prices Rising as New Dangers Point to Hard Assets - 19th Oct 21
It’s not just Copper; GYX indicated cyclical the whole time - 19th Oct 21
Chinese Tech Stocks CCP Paranoia, VIES - Variable Interest Entities - 19th Oct 21
Inflation Peaked Again, Right? - 19th Oct 21
Gold Stocks Bouncing Hard - 19th Oct 21
Stock Market New Intermediate Bottom Forming? - 19th Oct 21
Beware, Gold Bulls — That’s the Beginning of the End - 18th Oct 21
Gold Price Flag Suggests A Big Rally May Start Soon - 18th Oct 21
Inflation Or Deflation – End Result Is Still Depression - 18th Oct 21
A.I. Breakthrough Could Disrupt the $11 Trillion Medical Sector - 18th Oct 21
US Economy and Stock Market Addicted to Deficit Spending - 17th Oct 21
The Gold Price And Inflation - 17th Oct 21
Went Long the Crude Oil? Beware of the Headwinds Ahead… - 17th Oct 21
Watch These Next-gen Cloud Computing Stocks - 17th Oct 21
Overclockers UK Custom Built PC 1 YEAR Use Review Verdict - Does it Still Work? - 16th Oct 21
Altonville Mine Tours Maze at Alton Towers Scarefest 2021 - 16th Oct 21
How to Protect Your Self From a Stock Market CRASH / Bear Market? - 14th Oct 21
The Only way to Crush Inflation (not stocks) - 14th Oct 21
Why "Losses Are the Norm" in the Stock Market - 14th Oct 21
Sub Species Castle Maze at Alton Towers Scarefest 2021 - 14th Oct 21
Which Wallet is Best for Storing NFTs? - 14th Oct 21
Ailing UK Pound Has Global Effects - 14th Oct 21
How to Get 6 Years Life Out of Your Overclocked PC System, Optimum GPU, CPU and MB Performance - 13th Oct 21
The Demand Shock of 2022 - 12th Oct 21
4 Reasons Why NFTs Could Be The Future - 12th Oct 21
Crimex Silver: Murder Most Foul - 12th Oct 21
Bitcoin Rockets In Preparation For Liftoff To $100,000 - 12th Oct 21
INTEL Tech Stock to the MOON! INTC 2000 vs 2021 Market Bubble WARNING - 11th Oct 21
AI Stocks Portfolio Buying and Selling Levels Going Into Market Correction - 11th Oct 21
Stock Market Wall of Worry Meets NFPs - 11th Oct 21
Stock Market Intermediate Correction Continues - 11th Oct 21
China / US Stock Markets Divergence - 10th Oct 21
Can US Save Taiwan From China? Taiwan Strait Naval Battle - PLA vs 7th Fleet War Game Simulation - 10th Oct 21
Gold Price Outlook: The Inflation Chasm Between Europe and the US - 10th Oct 21
US Real Estate ETFs React To Rising Housing Market Mortgage Interest Rates - 10th Oct 21
US China War over Taiwan Simulation 2021, Invasion Forecast - Who Will Win? - 9th Oct 21
When Will the Fed Taper? - 9th Oct 21
Dancing with Ghouls and Ghosts at Alton Towers Scarefest 2021 - 9th Oct 21
Stock Market FOMO Going into Crash Season - 8th Oct 21
Scan Computers - Custom Build PC 6 Months Later, Reliability, Issues, Quality of Tech Support Review - 8th Oct 21
Gold and Silver: Your Financial Main Battle Tanks - 8th Oct 21
How to handle the “Twin Crises” Evergrande and Debt Ceiling Threatening Stocks - 8th Oct 21
Why a Peak in US Home Prices May Be Approaching - 8th Oct 21
Alton Towers Scarefest is BACK! Post Pandemic Frights Begin, What it's Like to Enter Scarefest 2021 - 8th Oct 21
AJ Bell vs II Interactive Investor - Which Platform is Best for Buying US FAANG Stocks UK Investing - 7th Oct 21
Gold: Evergrande Investors' Savior - 7th Oct 21
Here's What Really Sets Interest Rates (Not Central Banks) - 7th Oct 21

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Venezuela Descends Into Chaos... Europe and US Next?

Politics / Venezuela May 23, 2016 - 01:57 PM GMT

By: Jeff_Berwick

Politics

It has been less than two months since I visited Caracas, Venezuela. While things were already very bad when I was there, they are now worse.

Power shortages have deepened (and this in an oil rich country!); food is becoming scarce (some people have resorted to eating dogs and cats); people lie on concrete slabs in hospitals without medicine (if you thought medical care was bad, just wait until it’s free!); and riots and looting are growing worse.


I went to see the end stages of socialism, complete with hyperinflation. I wanted to see where Europe and the US are headed.

In hindsight, it was shocking to see how few people in Venezuela understood what was going on.  You’d think in this day and age, they’d just watch a few Youtube videos (like some of ours) and realize the reality: Almost all their problems are a direct result of government and central banking.

Yet, hardly anyone understood.  Your average person was miserable, that was for sure.  But they didn’t know what was causing their misery.

I didn’t find much interest in gold and silver, let alone much buying, even though it was obviously a good idea.  And, forget bitcoin. No one knew what it was… except for the government that predictably has banned it.

Bizarrely, large parts of Caracas still hang pictures of Hugo Chavez and still consider him to be a hero!

I met a few people who were open to rational discussions. They were making about about $20 a month and could barely survive.

“Why don’t you go somewhere else?” I asked them. “Colombia is close.  And Trinidad & Tobago,  Aruba,  Argentina or Chile.  All with economies that are functioning and sometimes doing very well.”

The general response was, “I don’t know anyone there.”

Very strange. Why choose to live in squalor and desperation just because the environment is familiar to you?

This is a mentality I often see in America.  Elsewhere, too.  Stressed, people have a tendency to live like serfs, never venturing far from their birthplace.

It’s really not necessary in this era of the internet. Spend five minutes on Facebook and you know some people.

In fact, our global reach includes  TDV Groups (also known as the Vigilante Expat Network).  If you’re a subscriber, you can converse with other dollar vigilantes anywhere in the world. They are a great bunch. I know from experience, they’ll practically pick you up at the airport and help you get situated if you decide to visit or move.

It’s just one of the many benefits of being a Dollar Vigilante newsletter subscriber (see more here).

The scary thing about Venezuela is that all the conditions already exist, and are nearly the same, in Europe right now.  And the only difference between where the US is headed and Venezuela, is the US hasn’t outlawed guns… yet.  Otherwise whatever I saw and experienced in Venezeula was already familiar to me from my travels in the US and Europe. (It’s one reason I got out and went to live in Acapulco.)

I was in Venezuela seven years ago and it was generally fine.  A beautiful place to visit full of bustling shops, restaurants, bars and hotels.  Two months ago when I returned, I was visiting the murder capital of the world. As I wrote, we had to carry backpacks of money to pay for lunch at the few restaurants that were open. We were told to not wear sunglasses or use our mobile phones or we’d get robbed. Our hotel barricaded the doors at night to keep criminals out.

Venezuela: Meet the destiny of Europe and the US.

Both Europe and the US are already tumbling further into socialism.  Nearly half of all millennials in the US say they like socialism over capitalism.

Just look at Joseph Stiglitz, the Nobel Prize winner in Economics (Keynesian/Globalist economics that is), who is one of the most respected economists in the US… He wrote The Price of Inequality and, excuse me as I hold back from vomiting, Making Globalization Work.  He’s also the former vice-president of the World Bank.

“Venezuelan President Hugo Chavez appears to have had success in bringing health and education to the people in the poor neighborhoods of Caracas, to those who previously saw few benefits of the countries oil wealth,” he said.

In his latest book “Making Globalization Work,” Stiglitz argues that left governments such as in Venezuela, “have frequently been castigated and called ‘populist’ because they promote the distribution of benefits of education and health to the poor.”

“It is not only important to have sustainable growth,” Stiglitz continued during his speech, “but to ensure the best distribution of economic growth, for the benefit of all citizens.”

And, look at this tweet from one of the top politicians in England from only three years ago!

The West is headed the way of Venezuela. In fact, it’s all part of the Globalist one world socialist government plan being quickly put into place this Jubilee Year.

You can see it in Europe, where unrestrained Islamic immigration is being aimed at creating chaos within established cultures. And in the US, where the possibility of a Hillary victory would firmly establish a Venezuela-style paradise.

This Jubilee Year is all about putting in place the final foundation for the world’s oncoming globalism. Venezuela is just a little bit ahead of the curve. For a video on this Jubilee Year and its growing damages, please see HERE. And for our White Paper, please see HERE.

I had the opportunity to interview one of the only anarcho-capitalists in Venezuela for my program, Anarchast.  It took us nearly two months to put it live because I insisted on paying Daniel to translate it. It took him nearly two months because of the nearly constant power outages.

Have a look at this conversation I had with one of the few people in Venezuela who understands economics. See how quickly things fall apart under socialism and how the US, Europe, and many other places in the West are not far behind following Venezuela’s path:

Anarcho-Capitalist.  Libertarian.  Freedom fighter against mankind’s two biggest enemies, the State and the Central Banks.  Jeff Berwick is the founder of The Dollar Vigilante, CEO of TDV Media & Services and host of the popular video podcast, Anarchast.  Jeff is a prominent speaker at many of the world’s freedom, investment and gold conferences as well as regularly in the media.

© 2016 Copyright Jeff Berwick - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Jeff Berwick Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in