SOUTH AMERICA | WHAT REALLY HAPPENED


SOUTH AMERICA

Mar 02 11:39

VENEZUELA IS DOWN TO ITS LAST $10 BILLION

Mar 01 11:22

Venezuela is down to its last $10 billion

Venezuela only has $10.5 billion in foreign reserves left, according to its most recent central bank data.

For rest of the year, Venezuela owes roughly $7.2 billion in outstanding debt payments.

Feb 26 07:36

Price of Corruption: Unemployment in Brazil Soars to Record

Economists stumped, having underestimated the fiasco for years.

Feb 20 08:54

Brazil's $12 billion Olympic legacy lies in ruins: Five months after the Rio Games, stadiums are crumbling as cash-strapped nation is left with crippling debts

Billions of dollars were spent on bringing the flagship sporting event to Brazil, with the overall cost estimated to be around $12billion. This was at a time when the Brazilian economy was in a huge recession, and state workers were being paid late, if at all.

But now the Olympic legacy lies in ruins, new photos have revealed, with arenas crumbling and already falling into disrepair.

Feb 15 07:55

Brazil Government Completely Strip Press Of Their Freedom

Brazilian President Michel Temer has announced a major crackdown on the freedom of the press in Brazil – forcing two of the nations largest newspapers to delete articles deemed embarrassing to the government.

Feb 14 11:51

Rio's Olympic venues, six months on – in pictures

Six months after hosting South America’s first-ever Olympic and Paralympic Games, the Rio de Janeiro venues – some of which have been looted – sit mainly idle and already in disrepair, raising questions about a legacy that organisers promised would benefit the Brazilian city and its residents

Webmaster's Commentary: 

Every government that hosts the Olympics promises their people the games will be a benefit to their nation. But it rarely, if ever, works out that way!

Feb 07 10:56

EXPROPRIATION AND IMPOVERISHMENT: "CAPITALIST" GREECE AND "SOCIALIST" VENEZUELA

Neocolonial "capitalist paradise" or crony "socialist paradise": the net result is the same: expropriation and impoverishment.

Yesterday I noted that not all assets will make it through the inevitable financial re-set. ( Which Assets Are Most Likely to Survive the Inevitable "System Re-Set"?)

Those that are easy to expropriate will be expropriated, and those assets vulnerable to soaring taxes, inflation and currency devaluation will also be hollowed out.

There are two real-time examples of these dynamics we can profitably study: "capitalist" Greece and "socialist" Venezuela. Both nations have impoverished their citizenry to preserve an oligarchy and its cronies.

Feb 02 13:49

Brazil To Ban All GMO Imports From United States

Brazil is set to ban all imports of genetically modified organisms (GMOs) from the United States due to the extreme lack of regulation over GMO food in America.

Jan 25 08:02

Israel's Shadowy Role in Guatemala's Dirty War

Israel allegedly provided military advisers, as well as weapons, during Guatemala's dirty war against campesinos and workers.

An investigative report issued by the Electronic Intifada recalls the well-documented but completely overlooked role of Israel in the Guatemalan dirty war of the 1980s.

Jan 23 11:21

3 Reasons Why Venezuela Crisis Is Scary And It Won’t Be Too Long Before There Is Mass Exodus.

Venezuela’s desperate economic times are not ending anytime soon. The nation entered an economic emergency for the 6th consecutive time under Nicolas Maduro’s leadership.

Jan 23 08:40

BRAZILIAN JUDGE OVERSEEING POLITICAL CORRUPTION PROBE KILLED IN “FREAK ACCIDENT”

Brazilian Supreme Court Justice Teori Zavascki was killed just weeks before he was set to unveil “explosive testimony” implicating up to 200 Brazilian politicians in a massive corruption scandal

Jan 18 18:03

Looters raid DEAD car crash victims as socialist Venezuela continues to plunge into crisis

SHOCKING footage has emerged of Venezuelan looters raiding the possessions of two dead men as the country continues to plunge into crisis.

Crowds gathered to collect cash strewn across the ground after the men were killed in a horrific car accident.

Passersby started picking up the huge quantity of notes scattered across the highway moments after the incident involving the men, who were still bleeding.

The fatal crash happened after the rear wheel of a pick-up truck reportedly exploded causing the driver to lose control.

Jan 18 09:29

ITALY SENTENCES TWO FORMER SOUTH AMERICAN LEADERS TO LIFE IN PRISON FOR OPERATION CONDOR MURDERS

A Rome court on Tuesday handed down eight life sentences for the murder of 23 Italian citizens in a conspiracy, known as Operation Condor, in which South American dictatorships hunted down and killed thousands of dissidents in the 1970s and 1980s.

It is the first time an Italian court has ruled a conspiracy existed between the governments of Argentina, Chile, Uruguay, Paraguay, Brazil and Bolivia to help find and assassinate each others' political opponents.

After a trial that lasted more than two years, lead judge Evelina Canale said eight men were convicted in absentia, including former Bolivian President Luis Garcia, now 87 and serving a 30-year prison sentence in Bolivia for crimes committed during his government, and former Peruvian President Francisco Morales, now 95.

"It's clear that this conviction confirms that Operation Condor existed and that it was a criminal conspiracy," Prosecutor Tiziana Cugini told Reuters after the ruling.

Webmaster's Commentary: 

Of course, what this article doesn't even mention is how much the US was involved in these assassinations and the reign of terror these dictators created.

Documents Detail US Complicity in Operation Condor Terror Campaign

Jan 16 18:18

VENEZUELA ECONOMIC COLLAPSE - President Blames Oil Price For Currency & Economy Collapse

Venezuela lopped off three zeros when it replaced its old currency in January 2008. The arrival of new banknotes on December 18 shows the government is committed to putting those zeros back on.

Jan 15 06:58

Venezuela: President Nicolas Maduro announced a 50% increase in the country's minimum wage and in retirees' pensions.

Supposedly, this will help workers cope with the country’s run-away inflation. The predictable result will be quite different.

Jan 13 12:07

Investment Of The Year: Venezuela Offers 5 Billion Dollar Bonds After 5th Minimum Wage Hike In Year

This time Venezuela is offering 5 BILLION dollars in bonds to investors with an interest rate of 6.5%. The bonds were bought by state run 'Banco de Venezuela'.

Jan 12 10:57

Who wants to crush Venezuela?

The Parliament of Venezuela has deprived President Nicolas Maduro of presidential powers illegally, similarly to the Ukrainian scenario. Not that long ago, outgoing US President Barack Obama declared Venezuela "an unusual and extraordinary threat to the national security and foreign policy of the United States." It was a difficult year for Maduro, but he could cope with many problems, even though you will not be able to read anything about it in Western publications. Before leaving the White House, Barack Obama does his best to harm as many countries as possible. On Monday, he cracked down on Venezuela. Venezuela is ruled by Chavistas - ideological heirs of Hugo Chavez, the founder of "socialism of the XXI century," which stipulates for the consolidation of extracted fuel in the hands of the state before its equitable distribution. The essence of this system is as follows: no one is too rich, and there is no poverty either.

Jan 02 08:58

Russia Delays Retaliation – Trump: “Great Move” By “Very Smart” Putin – Special Report

The bad losers Democrats are STILL shell shocked about the fact that they lost and are throwing a temper tantrum, trying to cloud President-elect Trump’s incoming policies.

The Truth is that the US as a nation need to now move past the NeoCon era, the warmonger era...

Jan 01 10:51

Back to the Future: From the USSR to the Eurasian Century

Get ready, because the thick of the action starts now.

The 2008 casino capitalism-provoked financial crisis, plus the American “resolve” to remake the so-called Greater Middle East through wars of choice, regime change and covert ops miserably failed.

As we wait for the dawn of the Trump era – an almost intergalactic geopolitical question mark – what’s certain is that the War Party US deep state won’t admit defeat. And the key geopolitical riddle to be answered is how strident internal American tensions will deal with the hub of progressive Eurasia integration: Russia, China and Iran.

Dec 29 10:20

Homeland Border Employees Took Millions in Bribes to Allow Massive Secret Influx of Illegal Drugs and Immigrants

n 2012, Joohoon David Lee, a federal Homeland Security agent in Los Angeles, was assigned to investigate the case of a Korean businessman accused of sex trafficking. Instead of carrying out a thorough inquiry, Lee solicited and received about $13,000 in bribes and other gifts from the businessman and his relatives in return for making the “immigration issue go away,” court records show. Lee, an agent with Homeland Security Investigations at Immigration and Customs Enforcement, filed a report saying: “Subject was suspected of human trafficking. No evidence found and victim statement contradicts. Case closed. No further action required.”

Dec 23 16:45

VENEZUELA CASH CRISIS - Venezuelans Angry as Their Fiat Currency Worthless. Economic Crisis Deepens

Guess which country has recently shown the greatest willingness to weather hardship in order to pay its foreign bondholders? Growing number of Venezuelans trade bolivars for bitcoins to buy necessities Paradoxically, it’s the country that has been among the most vocal in its anticapitalist rhetoric.

Dec 19 09:50

Brazilian President Temer Signs Constitutional Amendment Imposing 20 Years of Austerity

Rousseff was ousted to shift economic policy towards neoliberalism, and now Temer is rewarding the banks and financial investors for backing the legislative coup, says SOAS Professor Alfredo Saad-Filho

Dec 18 07:40

NEW FILES REVEAL US SOLD ARGENTINA MILITARY AIRCRAFT TO DUMP BODIES IN OCEAN

Declassified documents on Operation Condor reveal that the U.S. knew and assisted the Argentine dictatorship as it threw unconscious prisoners to their death in notorious “vuelos de la muerte,” or death flights.

Under the military dictatorship in Argentina, thousands of political opponents were drugged, tossed into aircraft and dumped in the Atlantic Ocean to drown.

According to Adolfo Scilingo, an Argentine naval officer during the dictatorship, the navy conducted death flights every Wednesday between 1977 and 1978, killing up to 2,000 people.

Dec 12 12:13

MADURO STUNNER: VENEZUELA ELIMINATES HALF ITS PAPER MONEY AFTER PULLING LARGEST BILL FROM CIRCULATION

Having observed the economic chaos to emerge as a result of India's shocking Nov. 8 demonetization announcement, and perhaps confident it can do better, today president Nicolas Maduro of Venezuela, Latin America's most distressed economy, mired in an economic crisis and facing hyperinflation, likewise shocked the nation when he announced on state TV that just like India, Venezuela would pull its highest denominated, 100-bolivar bill (which is worth about two U.S. cents on the black market), from circulation over the next 72 hours, ahead of the introduction of new, higher-value notes, as large as 20,000.

"I have decided to take out of circulation bills of 100 bolivars in the next 72 hours," Maduro said. "We must keep beating the mafias."

To this we would add "and cue economic chaos", but since this is Venezuela, that's a given.

Webmaster's Commentary: 

The questions rightly need to be asked; at what point with the Venezuelan people revolt against their government, and when that revolt does happen, what side will the Venezuelan military be on?!?

US sanctions against the country have not helped much.

Obama Signs Venezuela Sanctions Extension

And when oil prices were deliberately crashed last year, in an attempt to hurt Russia economically, it also hurt Venezuela economically as well, which the US government knew was going to happen.

The US government has hoped for "regime change" in this country, and may well get it in the not too distant future.

Nature abhors a vacuum.

I just have to wonder just who will wind up replacing Maduro, when he ultimately falls, and how repressive he or she will be, in the process of attempting to bring back Venezuela's economy from utter collapse.

Dec 07 19:08

U.S. Reactions to the Death of Fidel Castro - An Analysis by Lawrence Davidson 

Fidel Castro was the man who led the successful effort to overthrow the brutal and reactionary dictatorship of Fulgencio Batista - a dictatorship that had the backing of the U.S. government. 
The Castro-led victory of 1959 began a long period of transformation for Cuba, raising the country from a starkly poor Third World condition to a modernizing socialist state. Here are some of that country’s achievements under Castro’s leadership

Dec 07 11:08

BRAZIL CRISIS: RIO RIOT POLICE BATTLE UNPAID WORKERS

Brazilian police have clashed with anti-austerity demonstrators in Rio amid a budget crisis in the state.

Many protesters were public workers who have not been paid in months.

Police used tear gas and stun grenades and at one point fired rubber bullets at demonstrators from inside a church near the state assembly building.

The clashes took place as legislators considered a range of spending cuts in an effort to tackle a huge deficit in Rio de Janeiro's state budget.

Hundreds of public sector workers had gathered outside the assembly building to protest against the measures.

During the clashes, police officers entered a nearby church and fired rubber bullets from a window. The Rio diocese protested against this "invasion" and said it would investigate.

Several people - both demonstrators and police - were injured.

Webmaster's Commentary: 

This will not end well; the Brazilian government is broke, and out of options.

Any potential international loans, to prop up Brazil's economy from the outside, will come at usurious interest rates, and be difficult to pay back; and even then, if Temer is successful here, it will not fix the fundamental problems a broken economy, and of corruption and graft within the world of his elites. As reported at theeconomist.com on 1 December of this year:

Brazil’s president weathers multiple storms

And there is the question: will there be a point where the Brazilian military turn against Temer's government, and he has a real revolution on his hands?!?

Nov 29 14:32

Thousands Protest Brazilian President Ahead of Vote on Public-Spending Cap

BRASÍLIA—Thousands of demonstrators on Tuesday evening staged one of the strongest protests against Brazilian President Michel Temer and his fiscal-austerity agenda, turning over cars and trying to break into the country’s Senate as police fired tear gas and what appeared to be rubber bullets.

Nov 29 10:02

Venezuela's currency now worth so little shopkeepers weigh vast piles of notes instead of counting them

Inflation in Venezuela is expected to reach 720 per cent this year, with the largest bolívar bill now worth just five US cents on the black market.

Some shopkeepers have reportedly taken to weighing rather than counting the wads of cash customers hand them, and standard-size wallets have become all but useless in the socialist South American state. Instead, many people stuff huge volumes of cash into handbags, money belts, or backpacks, in scenes analysts have said are suggestive of "runaway" inflation.

In 2014, plummeting global oil prices decimated Venezuela's economy. President Nicolás Maduro responded by fixing the official exchange rate and ordering banks to print more cash, which ultimately devalued the currency further, while goods prices soared.

Webmaster's Commentary: 

There is only so long this can continue before there will be a massive societal breakdown, coupled with a revolution against the existing government.

The big question, ultimately, will be with whom Venezuela's military sides; that of the people, or that of the government.

Nov 27 15:01

News on the War on Cash: Now Spain

India, Uruguay, Australia and now Spain. The Minister of Finance and Public Service, Cristóbal Montoro has reportedly just announced “anticipated measures in order to ‘reduce the use of cash.’

Submitted by Jeff Berwick:

In other words, Spain is going to make cash transactions even more difficult. As of presstime, from what we can tell, this has yet to be reported anywhere in English media except here now at TDV.

As you can see, the chaos is increasing. Combine cash bans with attacks on fake news (more on that tomorrow), and you end up disturbing a significant amount of people as we wrote here recently.

Nov 26 10:52

Angry Argentine Farmers Destroy ‘Poisonous’ Monsanto Facility

A group of angry farmers in Argentina have successfully stopped the expansion of a Monsanto facility and have halted future construction plans.

Farmers, anti-GMO activists, and concerned citizens bravely occupied the Monsanto plant in Malvinas, Argentina, by descending on the property and refusing to vacate.

Nov 24 08:52

‘We are at war with Russia’: EU Parliament resolution to counter Russian media

The resolution is a sign of the “political degradation” of the western “idea of democracy” - Putin

For decades the EU has been lecturing Russia and touting freedom of speech as one of its core principles, but hypocritically dismissed it as an unnecessary luxury once their narrative was challenged, RT’s editor-in-chief Margarita Simonyan said.

“We of course are extremely disappointed, this is really outrageous,” Simonyan said on the subject of the EU’s so-called anti-Russia propaganda resolution.

Nov 19 10:08

Venezuelan president's relatives guilty in US cocaine trial.

Two nephews of Venezuela’s first lady were found guilty on Friday on US charges that they tried to carry out a multimillion-dollar drug deal to obtain a large amount of cash to help their family stay in power. Franqui Francisco Flores de Freitas and Efraín Antonio Campo Flores, nephews of Cilia Flores, the wife of the Venezuelan president, Nicolás Maduro, were convicted by a federal jury in Manhattan of conspiring to import cocaine into the United States.

Nov 19 08:57

Venezuela Caps Daily Bank Withdrawals at US$5 to Avoid Bankruptcy

Venezuela has put a cap on daily bank withdrawals at VEF $10,000, or US $5.26.

The Superintendency of Banking Sector Institutions (Sudeban) ordered public and private banks to refrain from paying out more than US $ 5.26 per day in cash from offices or ATMs.

Users have reportedly expressed frustration at trying to withdrawal money since November 15 with checks or through cashiers.

According to a statement released by Sudeban, users can make a maximum of four transactions per day to withdraw up to US $5.

The decision was made as Venezuela suffers from rampant inflation exceeding 750 percent, which has forced many citizens to handle more cash for their purchases.

Webmaster's Commentary: 

This will not end well; one way or the other, the Maduro government is on life support, with few options with which to redeem itself, financially.

Nov 08 07:59

Donald Trump’s Final Rally: Grand Rapids, MI 11/7/16

“Do you want America to be ruled by the corrupt political class or do you want America to be ruled again by the people?” Trump asked.

“I want the entire corrupt Washington establishment to hear the words we are about to say. When we win on November 8, we are going to drain the swamp” Trump said.

“Tomorrow the American working class will strike back.” Trump said.

n/a
Nov 06 13:33

A Digital 9/11 If Trump Wins

Brace yourselves folks. The Globalists are trembling in their boots.

It is a green light for a coup d’état by the Deep State forces who found that they could not win through the “normal” rigging methods.

There are disturbing signs that a digital 9/11 terror attack is being readied for election day in the US to ensure that Donald Trump does not win.

Such an attack – involving widespread internet and power outage – would have nothing to do with Russia or any other foreign state. It would be furnished by agencies of the US Deep State in a classic “false flag” covert manner. But the resulting chaos and “assault on American democracy” will be conveniently blamed on Russia.

Nov 04 18:21

I envy you, American citizens

I envy you, American citizens. I do not care about your military might, nor for your supreme currency, the US dollar. I envy your chance to deal on 11/8 a decisive blow to the rule of the Masters of Discourse.

Yes, the onslaught of the media upon Trump has been exceedingly unfair, but he survived it.

What is even more important, you survived it, it does not matter what the polls say: they say what the newspapers tell them to say. Even people answer the polls according to the media prognoses: they are shy of saying they would vote for a man who … But at the moment of actual vote, they do what they know is right for them. You have a very good chance to win, and to defeat the witch and her supporters.

Oct 29 08:56

VENEZUELA THROWS IN THE TOWEL ON HYPERINFLATION: WILL PRINT 200X HIGHER-DENOMINATED BILLS

While several years ago it was perhaps debatable in polite society that Venezuela’s socialist economy would collapse ultimately unleashing hyperinflation, any doubt was put to rest early this year when the IMF’s own inflationary forecast confirmed as much.

However, while the international community had long accepted the inevitable fate of Maduro’s socialist paradise, the local government sternly refused to admit reality and to avoid confirming what the local population already knew, it insisted on keeping the highest denomination bill in circulation at 100 bolivars, whose worth is approximately 8 cents on the black market, turning the most basic transactions into logistical nightmares and saddling banks with crippling money-handling costs. Economists and central bank employees say Mr. Maduro didn’t want to acknowledge the country’s inflation problem by printing bigger notes.

Webmaster's Commentary: 

I don't know what the Vegas odds are of this government just falling apart at the seams, and how soon, but it looks like simply a matter of time before Maduro gets thrown under the proverbial bus for the financial woes Venezuela is experiencing.

And let us not forget the US government's involvement in this. Last March, President Obama renewed sanctions on the country, via executive order, and characterising it as "a threat to National security."

Obama extends order declaring Venezuela a national security threat

And one almost has to shake one's head at the reasons given for this, considering the "No-fly" zone the FAA has just imposed on a certain area of North Dakota, to prevent any press whatsoever from reporting what is going on here in terms of the Standing Sioux's protest against a proposed pipeline here. The article goes on to say:

"In renewing the order, the president mentioned the same list of abuses cited last year: persecution of political opponents, curtailment of press freedoms, use of violence and human rights violations."

This EO now appears hysterically hypocritical and ironic, in light of current events in this country.

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