Sep 23

H/t reader squodgy:

“Fabulous Aircraft.”

Venezuela Buying SU-30s, Helicopters, etc. From Russia

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Aug 31

Coming to a country near you, much faster than most people think.


This Is What Crisis Feels Like: Basic Services Still Functioned, No One Had To Really Worry About Food Or Water … Then It All Changed … Literally Within A Day!

There will be hunger in Europe and in the U.S., especially after the financial/economic collapse.


80 Year Old Woman Trampled To Death In Venezuela Supermarket Stampede (ZeroHedge, Aug 30, 2015):

With 30% of Venzuelans eating two or fewer meals per day, social unrest is mounting rapidly in President Nicolas Maduro’s socialist utopia. As WSJ reports,soldiers have now been deployed to stem rampant food smuggling and price speculation, which Maduro blames for triple-digit inflation and scarcity. “Due to the shortage of food… the desperation is enormous,” local opposition politician Andres Camejo said, and nowhere is that more evident than the trampling death of an 80-year-old woman outside a state-subsidized supermarket.

As Reuters reports,

An 80-year-old Venezuelan woman died, possibly from trampling, in a scrum outside a state supermarket selling subsidized goods, the opposition and media said on Friday.

The melee at the store in Sabaneta, the birthplace of former Venezuelan leader Hugo Chavez, was the latest such incident in the South American nation where economic hardship and food shortages are creating long queues and scuffles.

The opposition Democratic Unity coalition said Maria Aguirre died and another 75 people were injured – including five security officials – in chaotic scenes when National Guard troops sought to control a 5,000-strong crowd with teargas.

“Due to the shortage of food … the desperation is enormous,” local opposition politician Andres Camejo said, according to the coalition’s website. It published a photo of an elderly woman’s body lying inert on a concrete floor.

Camejo said thieves had also attacked the crowd, members of which were seeking to buy cheap food on offer at an outlet of the state’s Mercal supermarket chain in Barinas state.


El Universal newspaper reported that Aguirre was knocked to the ground during jostling in the crowd, while the pro-opposition El Nacional said she was crushed in a stampede.

Another person was killed and dozens detained following looting of supermarkets in Venezuela’s southeastern city of Ciudad Guayana earlier this month.

President Nicolas Maduro accuses opponents of deliberately stirring up trouble, exaggerating incidents, and sabotaging the economy to try and bring down his socialist government.

Critics, though, say incidents of unrest are symptoms of the increasing hardships Venezuela’s 29 million people are facing due to a failed state-led economic model. Low oil prices are exacerbating economic tensions in the OPEC nation.

Venezuelans protest the starvatiion with signs saying ‘hunger’…


Shoppers are finger-printed when buying government-controlled foods…


“What’s certain is that we are going very hungry here and the children are suffering a lot,” said María Palma, a 55-year-old grandmother who on a recent blistering hot day had been standing in line at the grocery store since 3 a.m. before walking away empty-handed at midday.

In a national survey, as WSJ reports, the pollster Consultores 21 found 30% of Venezuelans eating two or fewer meals a day during the second quarter of this year, up from 20% in the first quarter.

Around 70% of people in the study also said they had stopped buying some basic food item because it had become unavailable or too expensive.

As The Mises Institute’s Carmen Elena Dorobat details,

Millions, Billions, Trillions: The Disaster of Socialism, Once Again

Venezuela’s nearly full-blown socialism is making the news once again. For approximately two years now, the country’s economic crisis has been rapidly unfolding: rising prices, fuelled by increased scarcity of goods and a depreciating currency, were followed by price controls, which brought about even higher prices and more shortages. The list of basic commodities missing from stores, such as toilet paper, has gradually expanded to include cooking oil, corn flour, sugar, sanitary pads, batteries, coffins, and even oil (once the country’s main export). The Cendas survey showed that more than a third of foodstuffs cannot be found on supermarket shelves; moreover, vegetables are 32% more expensive every month, meat prices are going up by 22% every month, and beans are surging by 130%. Basic Venezuelan dishes containing rice and beans have thus become a luxury, as people queue for 8 hours a week, on average, to buy basic goods.

This time it was the bolivar, Venezuela’s currency, which made the headlines, as it tumbled from 82 bolivars to the dollar last year, to 300 bolivars in May, and to a staggering 670 bolivars this August. Because the Venezuelan administration stopped publishing inflation figures in December 2014 (when annual inflation reached 68%), some economists have designed an Arepa (i.e. cornmeal cake with cheese) hyperinflation index, which suggests a current inflation rate of around 400%. Others estimate the annual inflation rate is actually 808%.

A photo of a Venezuelan using a 2 bolivar banknote as a napkin to hold a cheesy pastry (an empanada) has recently gone viral: the banknote is worth less than a third of one US cent on the black market, while the price of a pack of napkins is about 500-600 bolivars. The photo is reminiscent of the Weimar Republic hyperinflationary episode, where the wholesale price index jumped from 100% in July 1922 to more than 2500% in January 1923, which led to German banknotes being used to light fires (right photo).

One can only speculate at the moment the extent of the damage this episode will leave on Venezuelan savings. But if history is any indication, we could soon hear stories similar to those of some of Mises’s acquaintances (recorded from his lectures by his student, Bettina Bien-Greaves):

[A] man made a will according to which this $ 2,000,000 was to be sent back to Europe to establish another orphan asylum such as that in which this man had been educated. This was just before World War I. The money was sent back to Europe. According to the usual procedure it had to be invested in government bonds of this country, interest to be paid every year to keep up the asylum. But the war came, and the inflation. And the inflation reduced to zero this fortune of $ 2,000,000 invested in European Marks—simply to zero.

[The president of a Bank in Vienna] told me that as a young man in his twenties he had taken out a life insurance policy much too large for his economic condition at the time. He expected that when it was paid out it would make him a well-to-do burgher. But when he reached his sixtieth birthday, the policy became due. The insurance, which had been a tremendous sum when he had taken it out thirty five years before, was just sufficient to pay for the taxi ride back to his office after going to collect the insurance in person. Now what had happened? Prices went up, yet the monetary quantity of the policy remained the same. He had in fact for many, many decades made savings. For whom? For the government to spend and devastate (Mises 2010, 30-31).

As news of Venezuela’s suffering keeps coming through, one cannot help but feel a certain sense of dread. All governments control the money supply to essentially the same extent that Maduro’s administration does. All around the world we have monetary socialism, where national currencies are subject solely to political power. And one cannot help but wonder (and fear) how many more such economic disasters it will take before it becomes clear that socialism of all shapes, sizes, and degrees, is unrealizable, unbearable, and unforgivable.

*  *  *

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Aug 22


Venezuela Announces Martial Law In Border State, Dispatches 1500 Soldiers (ZeroHedge, Aug 22, 2015):

When it comes to the complete economic and social devastation of Venezuela, lately the only thing readers seem attuned to is when will the social implosion lead to renewed political tensions which will likely result in another violent political overthrow, one which may or may not involve the local military. Today Venezuela took a step in that direction when its president Maduro declared a state of emergency in a border region near Colombia following an attack by smugglers in which three soldiers and a civilian were injured, resulting in 60 days of martial law in five municipalities of the state of Tachira. He also said the closure of the border, announced on Thursday, will be extended until further notice.

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Aug 02

Aug 1, 2015

See also:

Venezuela Increasingly Looks Like A War Zone

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Aug 02

Venezuela Increasingly Looks Like A War Zone (ZeroHedge, Aug 1, 2015):

Over the years, we have repeatedly poked fun at the transformation of Venezuela into a “socialist utopia” – an economy in a state of terminal collapse, where the destruction of the currency (one black market Bolivar is now worth 107 times less than the official currency’s exchange rate) and the resulting hyperinflation is only matched be barren wasteland that local stores have transformed into now that conventional supply chains are irreparably broken.

Just this past Wednesday we showed a clip of what is currently taking place inside Venezuela supermarkets, noting that “the hyperinflationary collapse in Venezuela is reaching its terminal phase. With inflation soaring at least 65%, murder rates the 2nd highest in the world, and chronic food (and toilet paper shortages), the following disturbing clip shows what is rapidly becoming major social unrest in the Maduro’s socialist paradise… and perhaps more importantly, Venezuela shows us what the end game for every fiat money system looks like (and perhaps Janet and her colleagues should remember that).”

Continue reading »

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Jul 29

Meanwhile In Venezuela… The Socialist Paradise Has Arrived (ZeroHedge, July 29, 2015):

As we recently warned, the hyperinflationary collapse in Venezuala is reaching its terminal phase. With inflation soaring at least 65%, murder rates the 2nd highest in the world, and chronic food (and toilet paper shortages), the following disturbing clip shows what is rapidly becoming major social unrest in the Maduro’s socialist paradise… and perhaps more importantly, Venezuela shows us what the end game for every fiat money system looks like (and perhaps Janet and her colleagues should remember that).

As we previously concluded, and seemingly confirmed by the above video,

Venezuela’s hyperinflation is reaching its final stages. It is probably already far too late for the government to stop the complete collapse of its currency. The bolivar is in the process of transforming from a medium of exchange to tinder for wood-stoves. Venezuelans who had the presence of mind to convert their savings into gold or foreign currency in good time are likely to survive the conflagration intact. Continue reading »

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Jul 25

– Venezuela’s Hyperinflation Crack-Up Boom On Its Way To Outer Space (Acting Man, July 25, 2015):

Why Stock Markets Are Not an Indicator of the Economy

In a free unhampered market economy based on a sound monetary system – this is to say a market-chosen monetary system with a free banking industry and no central planning institution that is manipulating interest rates and determining the size of the money supply – the gains and losses of shares prices in the stock market will simply be a reflection of entrepreneurial profits achieved in the past, plus embedded expectations of profits likely to be achieved in the future.

Nicolas Maduro, the hapless president of socialist Venezuela, here seen hung with all sorts of bling supposed to testify to his achievements.
Photo credit: Prensa Presidencial

Under the assumption that such a free market money system would be largely non-inflationary, this mixture of “historical record” and expectations would primarily be expressed by the relative prices of shares. The bulk of the returns achieved by investors would come from dividend payments, as a general inflation of “the market” would be nigh impossible. Continue reading »

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May 06

May 5, 2015

Congresswoman Cynthia McKinney joins Stew Webb and Bruce Campbell to discuss the corruption she witnessed in Washington DC.

“It Strikes Me Mighty Strange That You Would Have Seven Latin American Leaders All Come Down With Cancer At The Same Time.”

Related info:

Hugo Chavez On Cancer Inducing Technology – Why He Had To Be Eliminated – To Obama: “You Are The Shame Of All Black People! Leave Us Alone!” (Videos)

Former US Lawmaker Cynthia McKinney: US Lawmakers Forced To Sign Support Of Israel (Video)

Former Presidential Candidate Cynthia McKinney Exposes THE LIE Used To Attack And Destroy Libya: ‘Truth is the First Casualty of War. No Justice, No Peace, No Truth..’

Cynthia McKinney at Munich Germany NATO Peace Rally: ‘My Country Has Been Hijacked By A Criminal Cabal’ (Video)

US Lawmakers Forced To Sign Support Of Israel:

aipac_rules_america Continue reading »

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Apr 04


Venezuela Is Still Out Of Toilet Paper, Hotels Declare BYOTP (ZeroHedge, April 4, 2015):

When you’re running an epic socialist experiment while simultaneously attempting to preserve the legacy of a now-deceased “anti-imperialist” geopolitcal legend and your country’s most valuable asset has unexpectedly become a liability, it’s sometimes necessary for the common man (and woman) to make sacrifices, which is why it makes sense that at one point this year, 36 condoms cost nearly $800 in Venezuela. Fortunately for the safety of US citizens, The White House has officially recognized the country as a threat to US national security, which means no shady Venezuelans will be able to use the US financial system to procure condoms or bread on this administration’s watch. Rounding out the absurdities, Venezuelan President Nicolas Maduro predictably decided to use Washington’s charade to his advantage by citing Obama’s “imperialist” ambitions as an excuse to grant himself “special powers” which should help him “preserve the peace and integrity” of the country.

While it’s not entirely clear whether this falls under the purview of “preserving peace and integrity,” we imagine it would be a reputational advantage for the nation’s hotels to be able to provide guests with toilet paper, but as Fusion reports, Maduro’s socialist paradise has left some businesses up the proverbial creek:

Venezuela’s product shortages have become so severe that some hotels in that country are asking guests to bring their own toilet paper and soap, a local tourism industry spokesman said on Wednesday. Continue reading »

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Mar 20


Amid “US Coup”, Venezuela Takes Another $5 Billion Loan From China (ZeroHedge, March 19, 2015):

The people of Venezuela can rejoice… not so fast. Amid paranoid-sounding (though not unlikely) rantings about US-created coups (and blaming ‘economic’ war for his nation’s Socialist utopia hyperinflation), it appears President Maduro just got another life-line (or more rope to hang himself). After begging China’s leader Xi early in January for moar money (and getting it), China – which is already Venezuela’s biggest creditor with over $50 billion loaned since 2007 – as Reuters reports, is said to plan on signing another $5bn loan to Venezuela for “wide-ranging” projects like “mature oil fields.” So, it appears China is enabling Maduro to hollow out his economy even more.

As Reuters reports,

China is poised to lend Venezuela around $10 billion in coming months, half as part of a bilateral financing deal and the other half for development of oil fields, a senior official at state oil company PDVSAsaid on Thursday. Continue reading »

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Mar 19


Maduro Sends Letter to Putin: ‘Venezuela is Your Home’ (Sputnik, March 17, 2015):

Venezuelan President Nicolas Maduro expressed confidence that Caracas and Moscow can achieve more than they have over the past 61 years of diplomatic relations.

MOSCOW (Sputnik) — Caracas is ready to cooperate closely with Moscow within the framework of the UN Security Council, and hopes that the Russian head of state will pay Venezuela a visit, the country’s President Nicolas Maduro said in a letter to his Russian counterpart Vladimir Putin.Venezuela became a new non-permanent member of the UN Security Council in October 2014 and will serve to the end of 2016. Continue reading »

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Mar 11


Related info:

Venezuela To Start Fingerprinting Supermarket Shoppers

Obama’s Venezuelan coup fails – the evidence emerges

Venezuela: Coup Plot To Assassinate President Nicolas Maduro And Install A De Facto Government Thwarted

Hugo Chavez On Cancer Inducing Technology – Why He Had To Be Eliminated – To Obama: “You Are The Shame Of All Black People! Leave Us Alone!” (Videos)

March 07, 2015 – CNN’s Maggie Lake reports on the chaos in Venezuela as the cost of living skyrockets following plunging oil prices.

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Mar 10

 – Venezuela’s Maduro Mocks Obama, Grants Himself “Special Powers” To Defend Against “Imperialist Aggression” (ZeroHedge, March 10, 2015):

Maybe it is because the soap-opera factor of the puppet proxy civil war in east Ukraine is dying down, it is time for another major geopolitical diversion, and it appears that the administration’s attention this time has fallen on Venezuela.

Perhaps he was tired of being accused for being too soft and engaging in a detente with not only Iran but Cuba, and so he decided to turn his attention on the one country he knew had absolutely no way of retaliating especially now that Venezuela’s only asset, has become a liability and all production at current prices is a loss maker for Caracas.

Whatever the reason, as Reuters reported yesterday, the United States on Monday yesterday declared Venezuela a national security threat and ordered sanctions against seven officials from the oil-rich country in the worst bilateral diplomatic dispute since socialist President Nicolas Maduro took office in 2013. Continue reading »

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Mar 10


 – Venezuela To Start Fingerprinting Supermarket Shoppers (ZeroHedge, March 9, 2015):

Back in August, when we wrote about the latest instance of trouble in Maduro’s socialist paradise, we cautioned that as a result of the economic collapse in the Latin American nation (and this was even before the plunge in crude made the “paradise” into the 9th circle of hell), Venezuelans soon may need to have their fingerprints scanned before they can buy bread and other staples. This unprecedented step was proposed after Maduro had the brilliant idea of proposing mandatory grocery fingerprinting system to combat food shortages. He said then that “the program will stop people from buying too much of a single item”, but did not say when it would take effect. Continue reading »

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Mar 01

VZ arrest

Venezuela’s Maduro Claims US Pilot Arrested For Espionage, Bans Bush, Cheney From Entering Nation (ZeroHedge, March 1, 2015):

In case the world needed any more geopolitical risk “hotspots”, overnight Venezuela’s flailing president Nicolas Maduro, faced with an unprecedented economic crisis at home, decided to do what most authoritarian rulers do when faced with imminent civil unrest: point the finger abroad, and in this case, at Washington, as a distraction. With crude oil plunging, with opposition leaders being arrested, and with the economy generally in shambles, Venezuela has in recent weeks accused the United States of being behind an alleged coup plot. Then overnight, Maduro switched from broad generalizations to specifics when, as CNN reports, Maduro said Saturday an unspecified number of Americans were arrested “a few days ago” for engaging in espionage and recruitment activities. Continue reading »

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Feb 27

President Obama with his advisor for Latin America, Ricardo Zuñiga, and the National Security Advisor Susan Rice
President Obama with his advisor for Latin America, Ricardo Zuñiga, and the National Security Advisor Susan Rice

Obama’s Venezuelan coup fails – the evidence emerges (Axis of Logic, Feb 25, 2015):


Once again, the Obama administration has tried to force the change of a political regime that resists it. On February 12, an Academi (formerly Blackwater) plane disguised as an aircraft of the Venezuelan army was supposed to bomb the presidential palace and kill President Nicolas Maduro. The plotters had planned to place former MP María Corina Machado in power and have her immediately acclaimed by former Latin American presidents. Continue reading »

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Feb 14

Related info:

Hugo Chavez On Cancer Inducing Technology – Why He Had To Be Eliminated – To Obama: “You Are The Shame Of All Black People! Leave Us Alone!” (Videos)

* * *

Venezuelan President Nicolas Maduro speaks at a public event in Caracas Feb. 12, 2015
Venezuelan President Nicolas Maduro speaks at a public event in Caracas Feb. 12, 2015. A coup plot against the Venezuelan president was thwarted that day. | Photo: AVN

Coup Plot in Venezuela Thwarted (teleSUR, Feb 12, 2015):

Coup plotters planned on assassinating the Venezuelan president and installing a de facto government.

A coup plot against the Venezuelan government has been foiled, with both civilians and members of the military detained, President Nicolas Maduro revealed Thursday in a televised address.

Those involved were being paid in U.S. dollars, and one of the suspects had been granted a visa to enter the United States should the plot fail, Maduro said.

Venezuela’s president stated that the coup plotters already had a “transitional” government and program lined up once the plan, which included bombings on the Miraflores Palace and the teleSUR offices in Caracas, as well as assassinations of members of the opposition, Maduro and others, was carried out. Continue reading »

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Feb 14

As a side note:

Why somebody like Hugo Chavez, who seemed to know quite a bit about what is really going on in the world, resorted to chemotherapy (= death camp/gulag medicine) is beyond me.

Take a close look at the cancer drug 5-Fluoracil. Here is some historic background:

Dr. Louis Bullock, president of the Los Angeles branch of the American Cancer Society touted the new cancer drug 5-Fluoracil as “one of the most effective drugs used to treat and control cancer”, stating that they ‘safely’ gave cancer patients 150 to 500 mg of fluoride a day”, and that “it strengthened the bones”. [Yet, the 1965 Modern Drug Encyclopedia and Therapeutic Index Pharmaceuticals, Biologicals and Allergens contains a three-column listing of disasterous effects from 5-Fluoracil, one of them being “fatalities may be encountered occasionally in patients in relatively good condition”. In March 31, 1972, the Los Angeles Herald Examiner headlined a story “Scientist Hots Cancer Drug ‘Overkill’ “, which stated that 5-Fluoracil as a cancer treatment represents a case of classic overkill which does more harm than the cancer itself.” In other words, Bullock was either naive or he lied at the July 21, 1966 meeting ]. See 1969 LA Times.

Well, and here is the ugly truth:

“Fluoride causes more human cancer, and causes it faster, than any other chemical.”
– Dean Burk, Chief Chemist Emeritus, US National Cancer Institute

Dr. Dean Burk Former Head Of National Cancer Institute Research: ‘Fluoridated Water Amounts To Public Murder On A Grand Scale’ (Video)

Fluoride makes people docile, infertile and gives them cancer. With about 70% of the public drinking water being fluoridated in the U.S. it is safe to say that TPTB turned the U.S. into one big concentration camp. This is genocide!

Related info:

Former MI5 Agent Dr. Barrie Trower: Technology Used By Intelligence Agencies Can Induce Pain, Illness, Even Heart Attacks And Cancer, They Can Program And Remote Control Humans (Video)

R.I.P. Dr. Rauni Leena Luukanen-Kilde On Mind Control (Video)

More from Barrie Trower:

Former Royal Navy Microwave Weapons Expert: NWO TECHNOLOGY UPDATE – Deadly Mobile Phones & The Worst Genocide Ever Committed – The Dangers Of Wi-Fi To Women And Children (Video)

Former Royal Navy Microwave Weapons Expert And UK Intelligence Services Agent Dr. Barrie Trower: Dangers And Lethality Of Microwave Technology (Video – 2:19:36)

Hugo Chavez and US Cancer induced Technology 12-29-11

Hugo Chavez Murdered by Illuminati

Hugo Chavez : Obama ! You are the shame of black people , leave us alone

Hugo Chavez : Obama ! You are the shame of black people , leave us alone

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Feb 05

Venezuela Runs Out Of Condoms: A Pack Now Costs $755 (If You Can Find It) (ZeroHedge, Feb 4, 2015):

Over the years we have had our fair share at the epic social(ist) experiment that is Venezuela. Below is a random selection of stories over the past years or two, which truly capture the essence of Venezuela’s socialist revolution:

venezuela headlines 2

Unfortunately, the country whose president two weeks ago said that “Venezuela Must Deepen Socialism To Improve Economy“, which is the political equivalent of “we must do even more QE to fix record wealth inequality”, may have just hit rock bottom when Venezuelans, who already must line up for hours to buy the simplest of daily necessities (which they can obtain without being arrested in the process if they are lucky) now have to pay $755 for a pack of condoms.

“The country is so messed up that now we have to wait in line even to have sex,” lamented Jonatan Montilla, a 31-year-old advertising company art director. “This is a new low.” Continue reading »

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Jan 31

The US Covert War on Venezuela in 2015 – Diary: Jan 29 (Axis of Logic, Jan 29, 2015):

Plenty of coffee in the coffee houses and bakeries in Caracas. In the supermarkets or grocery stores? Very rare in the last few months. This is hardly surprising when, in the last week, the authorities uncovered more than 1,000 tons of ground coffee and roasted coffee beans waiting to be spirited away to Colombia. In Falcón state 15 tons of coffee was found; in Lara state a supplier and packaging company had 500 tons standing idle in his warehouse; in neighboring Portuguesa state a further 460 tons were discovered hidden in a warehouse and being sold as “gourmet coffee” which is almost 6 times the official price for standard ground coffee when there is, is fact, very little difference.

At the other end of country in Anzoategui state, the National Guard found 91 tons of food, personal hygiene and cleaning products. In this haul the authorities found 50,600 kilos of corn flour; 23,180 kilos of wheat flour; 9,100 kilos of rice; 3,510 kilos of pasta; 4,700 liters of vegetable cooking oil and 830 cans of fish. We could not detect if arrests were made.

The US Covert War on Venezuela in 2015

Interestingly enough cooking oil has suddenly become easy to find in Caracas – BUT, as this game continues, now white rice has vanished and all you can find is brown rice. Venezuela exported rice last year so where has it gone? Has it all been eaten suddenly?! Continue reading »

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Jan 28


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Jan 20

Related info:

100 Items to Disappear First

Tempers Fray As Argentine Tampon Squeeze Extends To 20 Days (ZeroHedge, Jan 19, 2015):

While Venzuelans line up for hours every day to garner staples such as soap and toilet paper, the Argentinians have a potentially more explosive problem. As Reuters reports, the country’s 20.6 million women couldn’t find their favorite tampons earlier this month – during the height of summer – “for 20 days, we simply couldn’t source any tampons from wholesalers.” The government vowed to keep the supply chain filled with tampons as media talk of a “run on tampons” stoked peoples’ fears that Argentina is rapildy heading down the same socialist utopia track as its neighbor. Continue reading »

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Jan 19

Full article and must-see photos here:

Quote Of The Day: “Venezuela Must Deepen Socialism To Improve Economy” – Maduro (ZeroHedge, Jan 18, 2015):

Practically presented with no comment, we could not quite believe the words coming out of Venezuela’s President Maduro last night as he addressed the nation’s concerns over mile-long lines for toothpaste, toilet-paper, bread, and soap:


Having apparently failed on his mission to Asia to garner enough support to drag oil prices up to the $100 level he “believes is fair,” Maduro went on to explain how he will “change the food supply system, not the economic model,” to solve the nation’s crisis, since “most of the private sector are parasitic bums.”

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Jan 07

Venezuela Runs Out Of French Fries As Default Fears Mount (ZeroHedge, Jan 7, 2014):

With Venezuelan bonds re-collapsing as belief in a 30c recovery floor fades rapidly (and hyperinflating Venezuelan stocks soar – whether oil prices are rising or falling), the people of Maduro’s socialist utopia have a new problem to contend with. After running out of toilet paper, and finding soap and shampoo hard to come by, AP reports Venezuela’s more than 100 McDonald’s franchises have run out of potatoes and are now serving alternatives like deep-fried arepa flatbreads or yuca, “because of the situation here; it’s a total debacle.”

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Jan 04


“Now There’s Not Even Soap” Maduro Heads To China To ‘Save’ Socialist Utopia Venezuela (ZeroHedge, Jan 4, 2015):

Social media is awash with striking images of #EmptyShelvesInVenezuela (#AnaquelesVaciosEnVenezuela) as the evaporation of basic human staples such as toilet paper has now been hyperinflated to total chaos at warehouses and supermarkets. As President Maduro decries the loss of $100 oil “stability”, vowing to return oil prices to their rightful places (and heads to China for help), lines reach for miles for milk and soap… and the people defy governmental bans on photographing empty market shelves“We couldn’t find shampoo, so we washed our hair with soap. Now there’s not even soap.”

* * *

The line for soap…

And the shelves are bare… Continue reading »

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Dec 22

How the CIA Launched the «Financial Pearl Harbor» Attacks on Russia and Venezuela (Strategic Culture Foundation, Dec 20, 2014):

Central Intelligence Agency director John Brennan’s long familiarity with Saudi Arabia, owing to the time he spent there as the CIA station chief in Riyadh in the 1990s and his knowledge of Saudi oil operations, has paid off. Petroleum industry insiders claim that Brennan’s agents inside Saudi Aramco convinced the firm’s management and the Saudi Oil Ministry to begin fracking operations in order to stimulate production in Saudi Arabia’s oldest oil fields. The Saudis, who are not known for their hands-on knowledge of their nation’s own oil industry, agreed to what became an oil pricing catastrophe which would not only affect Saudi Arabia but oil producing nations around the world from Russia and Venezuela to Nigeria and Indonesia.

By pumping high-pressure salt water into older wells, some at a depth of three to six thousand feet, an inordinate amount of pressure was built up. The CIA’s oil industry implants knew what would occur when the fracking operations began. Due to the dangerously high water pressure, the Saudis were forced continuously pump oil until the pressure became equalized. That process is continuing. If the Saudis ceased pumping oil, they would permanently lose the wells to salt water contamination. In the current “pump it or lose it” situation, the Saudis are forced to pump at a rate that may take up to five years before they can slow down production rates to pre-glut levels. Continue reading »

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Dec 10

Venezuela Default Probability Has Never Been Higher; Maduro “Working To Raise Oil Prices” (ZeroHedge, Dec 10, 2014):

With OPEC slashing demand expectations to 12 year lows, oil prices have re-cratered today putting further pressure on socialist-utopia Venezuala which needs $121/bbl to break-even. Credit risk for the South American nation has exploded today to record highs – implying a 93% probability of default and President Maduro has taken to the airwaves to calm a benefit-needy nation… tensions are mounting…

Default risk has gone vertical…


As bond prices and black market FX crash further. Continue reading »

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Dec 09

– Venezuelan Bonds Crash To Lowest Price Since 1998 (ZeroHedge, Dec 9, 2014):

Bond prices in Venezuela have totally collapsed this morning – at 45c on the dollar, they are the lowest since 1998as the realization of the “abyss” they are staring into sparks an exodus from all credit positions in the country. VENZ 5Y CDS rallied 130bps which signals hedgers unwinding and the simultaneous sale of the underlying bonds implies broad-based capital flight (and profit taking) as 1Y CDS surges to record highs at 4830bps.

VENZ Bond prices collapse to 1998 lows…



Venezuela’s 1Y CDS has smashed to record highs implying imminent devaluation or default…


If you didn’t think this was serious, think again. (as Bloomberg reports)

The scores of money managers and analysts who crowded into Cleary Gottlieb Steen & Hamilton LLP’s panel discussion on Venezuela last week are a testament to the deepening concern over whether President Nicolas Maduro can make good on the nation’s debt obligations. Continue reading »

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Dec 08

“Cash-Strapped” Venezuela Stares Into The Abyss… And Its Default Risk Goes Parabolic (ZeroHedge, Dec 8, 2014):

Some two weeks ago (when Venezuela CDS was trading at only 2300  bps) we previewed what – with almost absolute certainty – would be the first “casualty of the crude carnage” – Nicholas Maduro’s little socialist paradise that couldn’t: Venezuela. As a reminder, back then we learned that the OPEC member was in such dire straits it had burned through a third of a Chinese’ bailout loan in the matter of days.

Since then it only got worse, and as we reported early last week in How Goldman Sachs Became Broke Venezuela’s Loan Shark, Venezuela is now scrambling to obtain any cash even if it means doing deals with the devil, or, alternatively, god’s busy worker on this planet, Goldman Sachs.

Then, in a bout of desperation, late the same week, the country – desperate to give the impression that it is not terminally insolvent and still has some foreign reserves left – ordered its Central Bank to dramatically change the rules, in a step “that enables them to count a whole new set of ‘assets’ as potential international reserves including “stones” and “precious metals held in their vaults on behalf of foreign financial institutions.” Continue reading »

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Nov 28

– Gold Shortage, Worst In 21st Century, Sends 1Y GOFO To Lowest Ever… And India Just Made It Worse (ZeroHedge):

While we have covered the aberration that is a negative gold GOFO rate previously and in extensive detail in this post, an abridged version of what negative GOFO means comes courtesy of Deutsche Bank’s recent discussion on what a successful Swiss gold referendum. To wit: “It is interesting to note that benchmark gold-dollar swap rates have recently traded negative, meaning investors are paying to borrow gold. This is unusual as gold is traditionally used as a source of collateral for cash financing…. [A] number of factors may play a role, such as excess dollar liquidity or an increased demand for collateral on the back of the global regulatory developments.” In short a gold shortage at the institutional, read commercial and central bank, level. And not just a shortage but the biggest shortage in history, judging by today’s latest plunge in the 1 Month GOFO which just dropped to -0.5% and , worse, 1 Year GOFO that just hit its lowest print in the 21st century, and is also about to go negative: something that has never happened before further suggesting the gold shortage could go on for a long, long time!

The Russian navy frigate Smolny is seen at the STX Les Chantiers de l'Atlantique shipyard site in Saint-Nazaire

Russian Warship Flotilla Enters English Channel For Military Exercises (ZeroHedge):

The French delivery of two Mistral ships to Russia may be postponed indefinitely (a move which ultimately would cost Hollande over $4 billion in contract breach penalty fees he simply can’t afford to pay), but that doesn’t mean the Russian navy has been hobbled or is hiding in the corner. To the contrary: according to the following tweet from the UK Ministry of Defense, Russia’s navy is getting quite bolder. “Four Russian ships escorted through Dover Strait from North Sea by @RoyalNavy HMS Tyne this morning. Ships have left UK waters.”  What happened? As Bloomberg reports, at least 4 vessels which departed the Russian Northern Fleet main base on November 20, led by anti-submarine ship Severomorsk, entered English channel for exercises that include anti-sabotage training, damage control in case of fire and water intake, state-run news service RIA Novosti says, citing statement from Navy.


us TVs

The 2014 Black Friday Frenzy: America Goes Shopping, In Photos (ZeroHedge)

Black Friday

“An Unstoppable Zombie Holiday” – Humanity Shudders as America Exports Black Friday to the World (Liberty Blitzkrieg):

Greater Manchester Police said two arrests were made and injuries reported as police closed some stores to prevent more severe problems. One woman was injured by a falling television set.

The force tweeted “Keep calm, people!” at one point.

There were problems in many parts of Britain, including Wales and Scotland.

– From the Associated PressBlack Friday Chaos Hits Britain

Black Friday is one of those days when all the hope and optimism one possesses for the future of humanity is threatened by the gross, primal, in-your-face reality. I’ve written about the holiday before, specifically, in the piece, The SDR: The Same Demented Regime. Here’s an excerpt:

Government uses 225-year-old law to force companies to unlock phones (RT):

Revelations about how governments swallow up huge amounts of data have led to consumers and companies embracing encryption like never before, but feds may have found a hidden weapon within a centuries-old law now being used in court.

Late last month, a federal magistrate in New York approved a request filed by United States attorneys and compelled an unnamed cell phone maker to unlock a mobile device that had been seized by authorities pursuant to an investigation. In ordering the company to do as much, though, the judge agreed with an argument made weeks earlier by the US government in which its lawyers said the All Writs Act, a law first put on the books 225 years ago in 1789, should be evoked.

US attorneys told the court in an Oct. 10 filing that they had seized a mobile phone while investigating alleged credit card fraud and, despite obtaining a search warrant, had been unable to bypass the phone’s password-protection. With the data otherwise inaccessible, federal prosecutors said the court could order the manufacturer to provide “reasonable technical assistance” in unlocking the device by relying on the All Writs Act.

How Bloomberg’s Algo-Writers Serve The Cult Of Keynesian Central Banking (David Stockman’s Contra Corner):

If you ever needed proof that the financial press has been completely indoctrinated in the cult of Keynesian central banking consider the following…

WTF Chart Of The Day: Centrally Planned Confidence Edition (ZeroHedge):

Because nothing says “spend on Black Friday” like a fractionally positive Dow Jones Industrial Average close in the green… unrigged



About Those Eyeball-Based Valuations: “Half Of Twitter Accounts Created In 2013 Have Already Been Deleted”(ZeroHedge):

Still paying a #Div/0 valuation for Facebook or Twitter based on expectations of exponential growth in eyeballs, or rather “eyeballs“? Then perhaps read this first. “.. many of the “users” on social media sites aren’t real people at all – they’re celebrity staff tweeting on behalf of their employer, or PRs promoting a company, or even fake accounts for people that don’t exist at all. In fact, half of all Twitter accounts created in 2013 have already been deleted.”

Flood leaves Gaza in ruins, UN declares state of emergency (RT):

An estimated 100,000 homes have been destroyed or damaged as the streets of Gaza City. They were flooded with water and sewage after a week of torrential downpours, prompting the UN Palestinian refugee agency to declare a state of emergency in the area.

Forced out of their homes, thousands of Palestinians are now sleeping in classrooms and makeshift shelters after a massive weeklong storm ravaged the region, reports the Ma’an News Agency. This includes the nearly 30,000 who had been staying at emergency housing after Israel’s 51-day summer offensive.

 – The Price Of Oil Exposes The True State Of The Economy (The Automatic Earth):

We should be glad the price of oil has fallen the way it has (losing another 6% today as we write this). Not because it makes the gas in our cars a bit cheaper, that’s nothing compared to the other service the price slump provides. That is, it allows us to see how the economy is really doing, without the multilayered veil of propaganda, spin, fixed data and bailouts and handouts for the banking system.

The First Oil-Exporting Casualty Of The Crude Carnage: Venezuela (ZeroHedge):

What best shows that for Venezuela it is essentially game over, is that as the chart below shows, Venezuela’s international reserves declined $1.3 billion in the week after President Nicolas Maduro transfered $4 billion of Chinese loans to the central bank. In other words, the scrambling oil exporter was forced to burn one third of its Chinese bail-out loan to keep itself solvent. The country’s reserves dropped to $22.2 billion today, according to central bank data. As Bloomberg also notes, Maduro on Nov. 18 ordered the Chinese loan proceeds to be moved from an off-budget fund, so that they would show up in reserves and help boost investor confidence in an economy beset by the world’s highest inflation and widest budget deficit. The following day, Venezuelan bonds rose the most in six years in intraday trading. “If the plan was to calm the bondholders, then burning through a third of that money in five working days doesn’t do it in any way,” Henkel Garcia, director of Caracas-based consultancy Econometrica, said in a telephone interview.

‘Disturbing’: Arms firms dine at Tower of London days after ‘sea of poppies’ closed (RT):

The Tower of London hosted a networking dinner for global arms manufacturers, mere days after the extremely popular ‘sea of poppies’ remembrance installation closed. Tower managers have been accused of “crass insensitivity.”

The event, co-sponsored by Lockheed Martin – the world’s biggest defense firm – was billed as an “acclaimed and influential … chance to make new business connections” for senior defense manufacturers.

The guest of honor at the £240-per-head event was Chief of Defence Staff General Sir Nicholas Houghton.

What Americans Celebrate On Thanksgiving Day — Paul Craig Roberts:

When Americans celebrate Thanksgiving, they don’t know what they are celebrating.

In American folklore, Thanksgiving is a holiday that originated in 1621 with the Pilgrims celebrating a good harvest. Some historians say that this event is poorly documented, and others believe that the Thanksgiving tradition travelled to the New World with the Pilgrims and Puritans who brought with them the English Days of Thanksgiving. Other historians think the Pilgrims associated their relief from hunger with their observance of the relief of the siege of Leiden.

The Pilgrims’ Thanksgiving, if it happened, might not have been the first in the New World. Historians say the Virginia colonial charter declared a Day of Thanksgiving in 1619, and other historians say the first Thanksgiving was observed by the Spanish in Florida in 1565.

‘Disturbing’: Arms firms dine at Tower of London days after ‘sea of poppies’ closed (RT):

The Tower of London hosted a networking dinner for global arms manufacturers, mere days after the extremely popular ‘sea of poppies’ remembrance installation closed. Tower managers have been accused of “crass insensitivity.”

The event, co-sponsored by Lockheed Martin – the world’s biggest defense firm – was billed as an “acclaimed and influential … chance to make new business connections” for senior defense manufacturers.

The guest of honor at the £240-per-head event was Chief of Defence Staff General Sir Nicholas Houghton.

School Expels Child Over Vaccine That Even the Doctor Refuses to Give (The Daily Sheeple):

An 8 year-old Long Island girl has been kicked out of school, and the reason is outrageous.

Ceili McNicholas was told not to return to Long Island’s Laddie A. Decker Sound Beach School after her mother Jamie refused to let her receive the T-Dap booster, which protects against tetanus, diphtheria and pertussis.

The decision to skip the booster wasn’t solely Jamie’s idea – her daughter’s pediatrician won’t administer the shot because it is labeled for children ages 10 and over. Ceili is only 8.

Fukushima Engineer: Officials covering up how badly groundwater is contaminated — Scientist: “We’re measuring higher levels off Japan” — Radiation near California already exceeds expectations, will be rising for years to come — TV: “Cleanup can’t be done… They lied from the start, Tepco is a den of inequity” (VIDEOS) (ENENews)

Fracking toxins may be as dangerous as tobacco, asbestos & thalidomide – UK chief scientist (RT):

The effects of fracking could be as dangerous as asbestos, thalidomide, or tobacco toxins, the UK’s leading scientist has warned, claiming the government has adopted the process without considering the side effects.

In a flagship report produced by Professor Sir Mark Walport, the government’s chief advisor on science policy, it is warned that fracking could have serious negative impacts on health and the environment that could last for decades.

Foreigners ‘like seeing our children die’, can’t help with Mid-East, says Erdogan (RT):

Muslim countries are able to solve their problems on their own, the Turkish president believes. He says far from offering help, the West is actually exploiting “conflicts in the Middle East” and only cares about the region’s riches.

Recep Tayyip Erdoğan has urged Islamic countries to unite in order to solve “the biggest humanitarian and political crisis in their history,” according to AFP, citing the Turkish president’s speech in Istanbul on Thursday.

The only condition to overcome the crisis in the Islamic world is unity, solidarity and alliance,” he said. “Believe me, we can resolve every problem as long as we are united.”

Erdogan says there is no use counting on help from the Western world.

I speak openly, foreigners love oil, gold, diamonds, and the cheap labor force of the Islamic world,” he said. “They like the conflicts, fights and quarrels of the Middle East. Believe me, they don’t like us.”

They look like friends, but they want us dead, they like seeing our children die,” the president went on.

Switzerland Hands Out Iodine in Case of Nuclear Disaster (Blooomberg):

Switzerland is distributing iodide tablets to more than half the country’s population for use in the event of a nuclear disaster.

Pennsylvania snowfall shatters 114-year-old records (Ice Age now):

Obliterates record for both the day and the month.

Ice already forming on Great Lakes (Ice Age now):

Earliest in at least 40 years.

Tamir Rice Video Shows Cop Opening Fire On 12-Year-Old (Huffington Post):

CLEVELAND (AP) — The police officer who fatally shot a 12-year-old boy carrying a pellet gun fired within 1½ to 2 seconds of pulling up in his cruiser, police said Wednesday. During those few moments, he ordered the youngster three times to put up his hands, they said.

The city released a surveillance video that shows the shooting of Tamir Rice, who was carrying an airsoft gun that shoots non-lethal plastic pellets.

Much of the footage shows what appears to be a bored kid alone in a park on an unseasonably warm November afternoon. Tamir is seen pacing, occasionally extending his right arm with what appears to be a gun in his hand, talking on a cellphone and sitting at a picnic table with his head resting on his arms.

The gun wasn’t real. It can be bought at sporting goods stores for less than $20. Tamir’s was lacking the bright orange tip that is usually put on such weapons to indicate they’re not real guns.

BS propaganda: Thanksgiving attack: Syrian hackers strike U.S. media websites (Examiner):

American,Canadian and European news organizations claimed on Thanksgiving Day that their websites were hacked by a group identifying themselves as the Syrian Electronic Army (SEA), a cyber-terrorist group that is allied with Syria’s Assad regime.

 – Half-blind UK widow commits suicide after incapacity benefit cut (RT):

A partially-blind widow, who suffered crippling back pain for over a decade, committed suicide after her incapacity benefit was cut because state assessors claimed she was fit to work.

As Japanese Bankruptcies Soar, Goldman Warns “Further Yen Depreciation Could Be A Net Burden” (ZeroHedge):

It is no secret that one of the primary drivers of relentless S&P 500 levitation over the past two years, ever since the start of Japan’s mammoth QE, has been the use of the Yen as the carry currency of choice (once again as during the credit bubble of the early-2000s), whose shorting has directly resulted in E-mini levitation. One look at the intraday chart of any JPY pair and the S&P500 is largely sufficient to confirm this. Those days, however, may be coming to an end, at least according to Goldman which overnight released a note saying that the Yen is “Almost at breakeven: Further yen depreciation could be a net burden.”

Activists advocate criminal charges for child porn possession (RT)

And if you remember what Barrie Trower said, then you know that it is our governments who will upload child porn onto our computers if “need be”:

Former Royal Navy Microwave Weapons Expert And UK Intelligence Services Agent Dr. Barrie Trower: Dangers And Lethality Of Microwave Technology (Video – 2:19:36)

Former Royal Navy Microwave Weapons Expert: NWO TECHNOLOGY UPDATE – Deadly Mobile Phones & The Worst Genocide Ever Committed – The Dangers Of Wi-Fi To Women And Children (Video)

A Thanksgiving Message (Liberty Blitzkrieg):

I ended the 2012 piece with the following quote, which I want to share again today.

“Live your life that the fear of death can never enter your heart.
Trouble no one about his religion.
Respect others in their views and demand that they respect yours.
Love your life, perfect your life, beautify all things in your life.
Seek to make your life long and of service to your people.
Prepare a noble death song for the day when you go over the great divide.
Always give a word or sign of salute when meeting or passing a friend,
or even a stranger, if in a lonely place.
Show respect to all people, but grovel to none.
When you rise in the morning, give thanks for the light,
for your life, for your strength.
Give thanks for your food and for the joy of living.
If you see no reason to give thanks, the fault lies in yourself.
Abuse no one and no thing, for abuse turns the wise ones to fools
and robs the spirit of its vision.
When your time comes to die,
be not like those whose hearts are filled with fear of death,
so that when their time comes they weep and pray for a little more time
to live their lives over again in a different way.
Sing your death song, and die like a hero going home.”

– Tecumseh
(1768-1813) Shawnee Chief

Who’s Making Money Off The War On Drugs?

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