Have nothing to do with the [evil] things that people do, things that belong to the darkness. Instead, bring them out to the light... [For] when all things are brought out into the light, then their true nature is clearly revealed...

-Ephesians 5:11-13

Tag Archives: Inflation

Edict From Venezuela’s President Maduro: Grow Your Own Food

This article appeared online at TheNewAmerican.com on Friday, May 27, 2016:  

                            No Hay Comida is translated: There is no food

Word got out that there would be chicken for sale at the Central Madeirense supermarket in Guarenas, Venezuela, on Friday, so Kattya Alonzo got there at 4 a.m. The line of others already snaked around the block, waiting for the delivery trucks to arrive.

But when the trucks arrived at 6:30, the national guardsmen monitoring the crowd sensed the possibility of a riot and ordered the trucks to move on. The people waiting in line turned ugly and

Keep Reading…

Brazil’s Interim President Says “Trust Me,” Installs Corrupt Bureaucrats

This article appeared online at TheNewAmerican.com on Monday, May 16, 2016:  

Upon taking over Brazil’s presidency from disgraced former President Dilma Rousseff on Thursday, interim president Michel Temer asked his skeptical citizenry to “trust” him, saying that his new administration would be Brazil’s “salvation”:

Trust me. Trust the values of our people and our ability to recuperate the economy…. It is essential to rebuild the credibility of the country abroad to attract new investments and get the economy growing again…. It is urgent to restore peace and unite Brazil. We must form a government that will save the nation…. It’s urgent to seek the unity of Brazil. We urgently need a government of national salivation.

Even if he truly intended to do any of that, the challenges he faces almost defy description.

Keep Reading…

Bad to the Bone: Brazilian President Promises to Appeal Her Impeachment

This article was published by The McAlvany Intelligence Advisor on Wednesday, May 11, 2016:  

Luiz Inácio Lula da Silva, 35th President of t...

Lula, the one who started Brazil’s present decline

Even before the upper branch of the Brazilian government – the Federal Senate – votes to impeach the country’s President, Dilma Rousseff, she has promised she will appeal her conviction to the country’s Supreme Court, which is populated with her own hand-picked cronies.

The corruption is so vast and runs so deep that the average Brazilian,

Keep Reading…

Brazil in Turmoil: President’s Impeachment Vote Imminent

This article appeared online at TheNewAmerican.com on Tuesday, May 10, 2016:  

Português do Brasil: O presidente Lula partici...

Partners in crime

In a sudden unexpected move, early Tuesday morning Waldir Maranhão, the interim speaker of Brazil’s lower house (the Chamber of Deputies) reversed his previous decision from Monday to annul a Chamber of Deputies April vote that allowed impeachment proceedings to move forward. The upper house — the Federal Senate — was already moving toward a vote to impeach Brazilian President Dilma Rousseff when word came that the Chamber was going to have another vote on the matter.

With Brazilian politicians doing everything they can to stay out of jail, they are working hard to keep the public’s attention focused on Rousseff’s problems and away from their own. In March, Mihir Kapadia, the head of Sun Global Investments, a London investment firm that specializes in emerging-market opportunities, certainly sees one in Brazil:

Keep Reading…

Trump Suggests National Debt “Deal,” Media Calls It “Fanciful” and “Dangerous”

This article appeared online at TheNewAmerican.com on Monday, May 9, 2016:  

A snippet from Donald Trump’s conversation with CNBC on Thursday raised the ire of numerous media commentators, who called Trump’s plan “unprecedented” (CNBC), “fanciful” and a “threat” (New York Times), and “tantamount to a debt default” (Yahoo Finance). Others called his remarks “reckless,” while Tony Fratto, a former Treasury official in the George W. Bush administration said, “This isn’t a serious idea — it’s an insane idea.”

What sparked the ire? The initial impetus was when Trump said, “[The U.S. Treasury is] paying a very low interest rate. What happens if that interest goes up two, three, four points? We don’t have a country. I mean, if you look at the numbers, they’re staggering.”

Indeed they are. The U.S. Debt Clock shows the national debt closing in on $20 trillion, while the economy is slumping along, with a GDP at just over $18 trillion. Put another way,

Keep Reading…

What Happens After Venezuela Destroys its Currency?

This article appeared online at TheNewAmerican.com on Friday, April 29, 2016:  

English: THE KREMLIN, MOSCOW. At a joint press...

Hugo Chavez and Vladimir Putin

Venezuela is unable to pay its currency printers. Those printers have been flying in planeloads of currency in the middle of the night, landing at airports where it is offloaded onto trucks to be dispersed to banks throughout the country. In other words, Venezuela doesn’t have the money to pay for its money.

The destruction of the currency, the bolivar fuerte (“strong bolivar”), has been documented at The New American and elsewhere. When oil prices dropped, so did revenues to fund the various socialist welfare schemes put in place by the communist Hugo Chávez and continued by his protégé, Nicolás Maduro, at Chavez’s passing in March 2013. Instead of reining in those unaffordable programs, socialist economists instead decided to print their way out of the crisis.

The results were predictable, and catastrophic.

Keep Reading…

Brazil’s Lower House Votes to Impeach President Rousseff; Little Likely to Change

This article appeared online at TheNewAmerican.com on Tuesday, April 19, 2016:  

Shouts of “Anybody but Dilma” resonated in Brazil’s lower house on Sunday as that body voted 367-137 to impeach President Dilma Rousseff.  After the dust settles, that is very likely what they are going to get: a change in name only. The corruption and anti-capitalist policies will remain.

Rousseff promised to fight impeachment every step of the way:

Keep Reading…

It Looks Like the End Is Near for Brazil’s President Rousseff

This article appeared online at TheNewAmerican.com on Thursday, April 14, 2016:  

Brazilian President Dilma Rousseff is running out of time, support and friends.

A protégé of former President Lula, also of the Workers Party, Rousseff served in his cabinet as finance minister. She also chaired the board of Petrobras, the Brazilian-owned oil company that is being investigated for various pay-to-play schemes that rewarded both politicians and Petrobras executives handsomely. With her polling numbers just above single digits, she just can’t seem to catch a break. Her biggest problem seems to be that, as president, she is a prime target for a country’s citizenry who, after 13 years of rule by the hard-core left-wing Workers’ Party, are finally giving up on her. In fact,

Keep Reading…

Another Keynesian Failure: Brazil

This article was published by The McAlvany Intelligence Advisor on Monday, March 28, 2016:  

John Maynard Keynes Русский: Джон Мейнард Кейн...

John Maynard Keynes

Boiled down to its most crude elements, Keynesianism, according to Antony Mueller at the Mises Institute, is “the economic policy doctrine of growth by spending.” Since 2003, when the current political party in Brazil, first headed up by Lula and now by Dilma Rousseff, came to power, it installed it in spades. For a while it seemed to work: demand for Brazil’s raw materials: oil, iron ore, and agricultural products grew as China (also pursuing the “growth by spending” mantra) also grew.

But the boom, which at one point included Brazil as one of the BRIC (Russia, India, and China) nations that would soon overtake the developed world, went bust.

Keep Reading…

Markit Ltd. Says U.S. Economy Is Faltering

This article appeared online at TheNewAmerican.com on Tuesday, March 22, 2016:  

Markit Ltd., the London-based global financial information behemoth, issued an early warning about signs of the coming recession in late February when it published its services purchasing managers’ index. It went negative for the first time in more than two years. At the time, Chris Williamson, Markit’s chief economist, said:

Keep Reading…

Brazil’s Bovespa Index Jumps 32 Percent in five days: Better days Ahead for Brazil?

This article was published by The McAlvany Intelligence Advisor on Monday, March 7, 2016:  

The assumption is that, once President Dilma Rousseff is out of office and her mentor, former President Luiz Inacio Lula da Silva, known as Lula (shown above), is in jail, everything in Brazil will be just fine, back to normal, regular programming to resume shortly.

That’s not likely. The corruption being exposed by “Operation Car Wash” goes clear to the bone. New suits will replace the old in Brazil, but little else is likely to change.

The big news driving the index higher was

Keep Reading…

Maduro’s Venezuela: Proof that Socialism is a form of Mental Illness

This article was published by The McAlvany Intelligence Advisor on Friday, February 19, 2016:  

Craig Andresen, writing for the National Patriot, described socialism as a mental disorder:

Socialism is a disease. It’s a mental affliction and it causes those infected with it to lose their minds.

 

It’s also contagious.

Now there’s proof positive:

Keep Reading…

Venezuelan President Maduro Raises Gas Prices 6,000 percent, Devalues Bolivar

This article appeared online at TheNewAmerican.com on Thursday, February 18, 2016:  

During a five-hour TV speech on Wednesday that turned into a harangue against capitalism and President Obama, Venezuelan President Nicolas Maduro exercised the powers granted to him in January to deal with the country’s economic crisis. He did what most socialists do when their policies don’t work:

Keep Reading…

Question: What Happens when Socialists and Marxists Are Put in Charge?

This article was published by The McAlvany Intelligence Advisor on Friday, February 5, 2016:  

Nicolas Maduro

Nicolas Maduro (Photo credit: Wikipedia)

Answer: Venezuela.

The Marxist president (and student of Venezuela’s previous president Hugo Chavez) Nicolas Maduro has just administered the coup d’état: ordering the printing of so many bolivars that his own country’s printing presses could not handle the order. So he went to Germany, France, Canada, and the United Kingdom to place it. The initial supply – five billion of them! – arrived late last year in the holds of 36 Boeing 747 cargo jets, with another

Keep Reading…

Venezuela Could See Hyperinflation, Economic Collapse

This article appeared online at TheNewAmerican.com on Thursday, February 4, 2016:  

In December 2014 citizens of Venezuela paid 2,632 bolivars for a pound of meat. A year later they paid 14,138 bolivars, a 537-percent increase. They paid 3,066 bolivars for a supply of fruits and vegetables a year ago; last month they paid 12,118 bolivars, a 395-percent increase. For milk and cheese, prices increased 371 percent, from 2,084 bolivars to 7,735.

For fish they paid 1,408 bolivars a year ago; a year later the price of fish jumped to 5,940, an increase of 422 percent. Fats and oils: 335 bolivars to 1,340, an increase of 400 percent. Non-alcoholic beverages were 409 bolivars a year ago; today, 1,123 bolivars, a 275-percent increase.

A year from now, Venezuelans will look back fondly

Keep Reading…

Saudi Arabia Announces Its Willingness to “Stabilize” Oil Prices

This article appeared online at TheNewAmerican.com on Tuesday, November 24, 2015:  

On Monday Saudi Arabia’s council of ministers confirmed the rumors that the leader of the OPEC cartel is now willing to “stabilize” world oil prices, saying in its announcement:

Keep Reading…

Congress Votes to Raid Fed’s Slush Fund to Pay for Highways

This article appeared online at TheNewAmerican.com on Monday, November 23, 2015:  

In its never-ending quest to spend money it doesn’t have, but not wanting to raise taxes, especially during the current election cycle, on Thursday, November 5 Congress passed a $325-billion, six-year transportation bill that is to be financed by selling off some of the country’s strategic petroleum reserves and raiding the Federal Reserve.

In its editorial complaint about the bill, the Washington Post said

Keep Reading…

World Oil Glut Swells to 3 Billion Barrels, Driving Prices Down Further

This article appeared online at TheNewAmerican.com on Monday, November 16, 2015:  

Friday’s November report from the International Energy Agency (IEA) confounded so-called experts who have repeatedly predicted a bottom in oil prices. After West Texas Intermediate (WTI) briefly dropped below $40 a barrel in August, bulls were delighted to see prices for crude bounce up over $50 and stay there — right up until October.

The IEA report tried to corral all the complexities of the oil market into its two-page report:

Keep Reading…

Social Security’s Chief Actuary Meets Charles Ponzi

This article was published by the McAlvany Intelligence Advisor on Monday, October 19, 2015:  

English: Mug shot of Charles Ponzi (March 3, 1...

Mug shot of Charles Ponzi

In its apologetic over Social Security, the New York Times saw the most significant problem facing the scheme, according to the program’s chief actuary, Stephen Goss, is “that fewer workers are paying taxes into the program … while more retirees are collecting their checks.”

And thus it has always been: every Ponzi scheme fails when “new” investors cannot be recruited into it in sufficient numbers to pay off the “older” ones. The only reason Social Security has survived for so long – it just turned 80 this year – is because of guns and badges and threats.

Charles Ponzi had no such power. He had to rely on ignorance and greed. His scheme ran for more than a year before the fraud was discovered and he was jailed. His shtick?

Keep Reading…

Brazil Teetering on the Edge of Recession, or Worse

This article appeared online at TheNewAmerican.com on Monday, September 28, 2015: 

English: Official photo of President Rousseff,...

President Dilma Rousseff

Brazilians are facing a bleak future. The combination of last week’s downgrade of the country’s government debt to junk, along with downgrades on the debt of many of its major industries, and the unfolding “Operation Car Wash” scandal at Petrobras (the massive government-owned oil company), all spell trouble for an economy already in decline.

Brazil’s currency, the real, was once pegged to the dollar, but

Keep Reading…

Many of the articles on Light from the Right first appeared on either The New American or the McAlvany Intelligence Advisor.