By Pepe Escobar As we approach High Noon in the savage Brazilian politico-economic western, here’s what is at stake following my previous piece on RT. For the past five days, all hell has broken loose. It started with judge Sergio Moro, the tropical Elliott Ness at the head of the two-year-old, 24-phase Car Wash corruption investigation, crudely … Continue reading
By Nick Giambruno, Casey Research In the 1989 Batman movie, the Joker (played by Jack Nicholson) showers a crowded Gotham street with free money. In the scene, it looks like it’s raining hundred-dollar bills. The people love it. Little do they know, the money is actually a trap. Once the Joker has lured them into … Continue reading
By John Ward and Peter Symonds In the lead-up to the National People’s Congress (NPC) starting on Saturday, the Chinese government has announced massive layoffs in state-owned enterprises in coal and steel. Further sackings in other basic industries are being foreshadowed in moves that will result in millions of workers losing their jobs and heightened … Continue reading
By Daniel Schearf A financial crisis in Moldova, one of the poorest countries in Europe, has exposed deep-rooted corruption that is boosting pro-Russia parties and threatening Moldova’s stability. Monthslong protests around government buildings have raised comparisons with the uprising in neighboring Ukraine. Western backers are withholding financial support until the government makes much-needed reforms, but … Continue reading
Venezuela is no stranger to high drama. The concern in the financial world this week was that the government in Caracas was poised to default on a $1.5 billion bond payment that came due on Friday. But while that crisis was, in the end, averted, Venezuela is far from out of the woods. There is still … Continue reading
By John Browne, Euro Pacific Capital On February 16th, The Washington Post printed the article, “It’s time to kill the $100 bill.” This came on the heels of a CNNMoney item, the day before, entitled “Death of the 500 euro bill getting closer.” The former cited a recent Harvard Kennedy School working paper, No. 52 by Senior … Continue reading
By Eugen von Böhm-Bawerk Things are turning increasingly ugly in Venezuela between President Maduro and the opposition MUD. The core political problem after December 2015 elections is the PSUV are now using the courts to neuter any opposition voices that formally hold a legislative majority to start holding the government to account. Right on cue, Mr. … Continue reading
Colombian lawmaker Maria Fernanda Cabal has said that the Colombian government is considering the possibility of granting asylum to Venezuelan President Nicolás Maduro and his family, Venezuela’s El Nacional reports. According to Cabal, the Union of South American Nations (UNASUR) is trying to find a safe place for Maduro should he get pushed out of office. Maduro … Continue reading
By Daisy Luther, The Organic Prepper Venezuela is out of food. After several years of long lines, rationing, and shortages, the socialist country does not have enough food to feed its population, and the opposition government has declared a “nutritional emergency.” This is just the most recent nail in the beleaguered country’s slow, painful economic collapse. Many … Continue reading
By Riccardo Dugulin The ongoing fall of oil prices leaves the Azerbaijani economy exposed to structural issues, increasing the risk of social unrest linked to current hardships. Since December 2015, the Azerbaijani economy has felt the negative effects caused by falling oil prices. The drop in state revenue from oil, along with the devaluation of the national currency, … Continue reading