By Brandon Smith If an economic system collapses in the woods and no one is paying attention, are there any consequences outside the woods? Well, yes, of course. As with most situations financial and global, however, consequences are not usually taken very seriously until they have spawned a vast bog of sewage we all have to then … Continue reading
Brazil’s prosecutor general has charged the former president Luiz Inacio Lula da Silva with participating in a scheme to buy the silence of a former executive at state-run oil company Petrobras, newspaper Estado de S.Paulo has reported. Lula’s name was included in the case against Senator Delcidio do Amaral, who in December was charged with … Continue reading
By Eric Simmons President Nicolás Maduro has implemented measures such as shortened workday, increased federal holidays and scheduled blackouts in an attempt to reduce energy consumption across the country amidst a nationwide energy crisis brought on by severe drought. However, the energy crisis is only a microcosm of the Venezuelan economy and regardless of oil’s recovery, the … Continue reading
Venezuela’s opposition says it has delivered a petition to election authorities calling for a nationwide referendum to remove President Nicolas Maduro from office. The opposition Democratic Unity Roundtable said Monday it has collected 1.85 million signatures, more than nine times the number needed to launch the referendum process. The party blames Maduro’s policies for food … Continue reading
By Darli Magioni With the Brazil’s Senate likely to put President Dilma Rousseff on trial, South America’s biggest economy may well see its political leadership shift into the hands of current vice president Michel Temer. What, thus, is to be expected from a potential Temer Administration? A vote in the Senate that could force embattled … Continue reading
By Pepe Escobar Major turbulence seems to be the name of the game in 2016. Yet the current turbulence may be interpreted as the calm before the next, devastating geopolitical/financial storm. Let’s review the current state of play via the dilemmas afflicting the House of Saud, the EU and BRICS members Russia, Brazil and China. … Continue reading
As the crisis in Venezuela deepens, its largest brew maker has suspended the production of beer and other malt beverages on Friday amid a spat with the government over the access to foreign currency. CervecerĂa Polar, Venezuela’s largest private company and largest beer maker, with over 70 years in operation, had warned that it would end production as the socialist government was refusing … Continue reading
By Pepe Escobar Soon after the impeachment motion against President Dilma Rousseff was approved in the Brazilian Congress by what I chose to call Hybrid War hyenas, President-in-Waiting Michel “Brutus” Temer, one of the coup’s articulators, dispatched a senator to Washington as special paperboy to deliver the news on the coup in progress. The senator in question … Continue reading
First it was the three-day weekend; now it’s the two-day working week. Crippled by drought, Venezuela’s government has taken drastic measures as water levels at the country’s largest hydroelectric dam plunge to critical levels. At the beginning of April, the Socialist president, Nicolás Maduro, decreed Fridays non-working days for public sector staff, and on Monday … Continue reading
By Paul Craig Roberts Having removed the reformist President of Argentina, Cristina Fernandez de Kirchner, Washington is now disposing of the reformist President of Brazil, Dilma Rousseff. Washington used a federal judge to order Argentina to sacrifice its debt restructuring program in order to pay US vulture funds the full value of defaulted Argentine bonds that … Continue reading