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What Is Different About Venezuela

Venezuela’s problems are not the result of the government issuing money and using it to hire people to build infrastructure, provide essential services and expand economic development. If it were, unemployment would not be at 33 percent and climbing. Venezuela has a problem the U.S. does not, and will never have: It owes massive debts in a currency it cannot print itself, namely, U.S. dollars. When oil (its principal resource) was booming, Venezuela was able to meet its repayment schedule. But when the price of oil plummeted, the government was reduced to printing Venezuelan bolivars and selling them for U.S. dollars on international currency exchanges. As speculators drove up the price of dollars, more and more printing was required by the government, massively deflating the national currency.

This affects Democracy & Environment, folks: Coming financial revolution - Keiser Report video

Environmentalists and democracy activists, please watch this video on a new paradigm that could help us be more effective and organised on our issues. When truth exposes the absurd bases of traditional power, it makes us laugh with joy and empowerment. Max Keiser and Stacy Herbert thus penetrate the global financial bulldust in a stellar episode talking about the digital currency revolution underway that will turn the financial vampires to dust and remove the shadows from the rest of us. It is time to learn about the reality of 'non-fiat money, crypto-currencies, crypto-bullion, bitcoin, swarm, crypto-equity, peer-to-peer financing, crowd funding , bit pacer, m pacer,' and all that stuff. They also talk about people taking control of parliaments in the same way. Video inside. The first part is the guts of it. There is an RT program ID in the middle that you can fast-forward. The second half is an interview with Swarm, which describes itself and crypto-equity. Truly stimulating new stuff here!

No tikee, no shirtee

http://rt.com/shows/keiser-report/168368-american-corporations-fleeing-usa/

You also talk about printing money. Now we talked recently about the fact that 29 trillion dollars of stock market equities are owned by central banks now. And, apparently, the biggest buyer of them is China.

Now, Ellen Brown looked at this and this is an interesting take on what is going on in the global markets right now. “Buying up the Planet: Out of control Central Banks on a Corporate Buying Spree.

Bankers Win Both Ways: Now They Can Take Both Taxpayer and Depositor Money


This piece first appeared at Web of Debt."As things stand, the banks are the permanent government of the country, whichever party is in power." – Lord Skidelsky, House of Lords, UK Parliament, 31 March 2011

On March 20, 2014, European Union officials reached an historic agreement to create a single agency to handle failing banks. Media attention has focused on the agreement involving the single resolution mechanism (SRM), a uniform system for closing failed banks. But the real story for taxpayers and depositors is the heightened threat to their pocketbooks of a deal that now authorizes both bailouts and “bail-ins”—the confiscation of depositor funds. The deal involves multiple concessions to different countries and may be illegal under the rules of the EU Parliament; but it is being rushed through to lock taxpayer and depositor liability into place before the dire state of Eurozone banks is exposed.

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