Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
THEY DON'T RING THE BELL AT THE CRPTO MARKET TOP! - 20th Dec 24
CEREBUS IPO NVIDIA KILLER? - 18th Dec 24
Nvidia Stock 5X to 30X - 18th Dec 24
LRCX Stock Split - 18th Dec 24
Stock Market Expected Trend Forecast - 18th Dec 24
Silver’s Evolving Market: Bright Prospects and Lingering Challenges - 18th Dec 24
Extreme Levels of Work-for-Gold Ratio - 18th Dec 24
Tesla $460, Bitcoin $107k, S&P 6080 - The Pump Continues! - 16th Dec 24
Stock Market Risk to the Upside! S&P 7000 Forecast 2025 - 15th Dec 24
Stock Market 2025 Mid Decade Year - 15th Dec 24
Sheffield Christmas Market 2024 Is a Building Site - 15th Dec 24
Got Copper or Gold Miners? Watch Out - 15th Dec 24
Republican vs Democrat Presidents and the Stock Market - 13th Dec 24
Stock Market Up 8 Out of First 9 months - 13th Dec 24
What Does a Strong Sept Mean for the Stock Market? - 13th Dec 24
Is Trump the Most Pro-Stock Market President Ever? - 13th Dec 24
Interest Rates, Unemployment and the SPX - 13th Dec 24
Fed Balance Sheet Continues To Decline - 13th Dec 24
Trump Stocks and Crypto Mania 2025 Incoming as Bitcoin Breaks Above $100k - 8th Dec 24
Gold Price Multiple Confirmations - Are You Ready? - 8th Dec 24
Gold Price Monster Upleg Lives - 8th Dec 24
Stock & Crypto Markets Going into December 2024 - 2nd Dec 24
US Presidential Election Year Stock Market Seasonal Trend - 29th Nov 24
Who controls the past controls the future: who controls the present controls the past - 29th Nov 24
Gold After Trump Wins - 29th Nov 24
The AI Stocks, Housing, Inflation and Bitcoin Crypto Mega-trends - 27th Nov 24
Gold Price Ahead of the Thanksgiving Weekend - 27th Nov 24
Bitcoin Gravy Train Trend Forecast to June 2025 - 24th Nov 24
Stocks, Bitcoin and Crypto Markets Breaking Bad on Donald Trump Pump - 21st Nov 24
Gold Price To Re-Test $2,700 - 21st Nov 24
Stock Market Sentiment Speaks: This Is My Strong Warning To You - 21st Nov 24
Financial Crisis 2025 - This is Going to Shock People! - 21st Nov 24
Dubai Deluge - AI Tech Stocks Earnings Correction Opportunities - 18th Nov 24
Why President Trump Has NO Real Power - Deep State Military Industrial Complex - 8th Nov 24
Social Grant Increases and Serge Belamant Amid South Africa's New Political Landscape - 8th Nov 24
Is Forex Worth It? - 8th Nov 24
Nvidia Numero Uno in Count Down to President Donald Pump Election Victory - 5th Nov 24
Trump or Harris - Who Wins US Presidential Election 2024 Forecast Prediction - 5th Nov 24
Stock Market Brief in Count Down to US Election Result 2024 - 3rd Nov 24
Gold Stocks’ Winter Rally 2024 - 3rd Nov 24
Why Countdown to U.S. Recession is Underway - 3rd Nov 24
Stock Market Trend Forecast to Jan 2025 - 2nd Nov 24
President Donald PUMP Forecast to Win US Presidential Election 2024 - 1st Nov 24

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

© 2005-2022 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