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Latin America

Washington Brings Regime Change To Venezuela

According to President Obama, the world’s only superpower, the unipower, the exceptional country is threatened by small Venezuela in South America! In an executive order last year, renewed this year, President Obama declared Venezuela to be an “unusual and extraordinary threat to the national security and foreign policy of the United States” and declared a “national emergency” to counter the “Venezuelan threat”. This manufactured “extraordinary threat” serves as the ...Read full article...

Venezuela Agonizes

Gas goes up 6000% and the currency is devalued almost 60% What can you buy with your salary, even with a 20% increase when gas goes up 6000 percent and the currency devalues by 58 percent? Well, this is the reality of most Venezuelan people. The country not only suffers from food shortages and heavy government imposed restrictions, but its people are now scrambling to make their Bolivares go ...Read full article...

Venezuela Is Out of Food

Here’s What an Economic Collapse Really Looks Like. 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 people expect an economic collapse to be shocking, instant, and dramatic, but really, it’s far more gradual ...Read full article...

Latin America Faces a Dark Uncertain Future

Just a few months ago, I wrote about Latin America’s new challenges for the near future. Undoubtedly, the region was adrift back in May, and that situation has gotten worse since then. Latin America had experienced high levels of uncertainty due to its unstable economic and political realities. Now, it seems to be entering a period of transition and no one wants  to risk a good forecast about the future. ...Read full article...

Deutsche Bank cuts 35.000 Jobs in Latin America

eutsche Bank, the biggest German bank, announced yesterday what it called a major restructuring. Its new president, John Cryan, used his first press conference to present hard adjustment plans “to clean up the bank”. After taking record losses of more than 6 billion euros in the third quarter, Cryan said the bank will reduce its workforce by more than 35,000 employees in the next two years. The bank will ...Read full article...

Latin America is now China’s Backyard

China has strongly positioned itself in Latin America, much like it has done everywhere else. Whether it’s with military hardware, economic aid, trade agreements or political ties, the Chinese are now securing their future by expanding their power as far and wide as possible. One of the regions where China exercises the most influence is Latin America, where its military and economic power has bought it multiple allies; many ...Read full article...

Façade of Diplomacy Masks Same Old US Latin American Policy

Nothing ever changes in Washington except new faces continuing old policies dressed up at times to look different – same old, same old always. Duopoly power is ruthless, predatory and merciless. Business as usual continues – worse than ever under a so-called “peace” president at war throughout his tenure against more nations than any of his predecessors, destabilizing others globally, pressuring, bullying or bludgeoning independent ones to obey Washington ...Read full article...

Ecuador undergoing soft Coup – says Correa

The president of Ecuador, Rafael Correa, is facing the fourth week of protests in Ecuador.  Citizen marches have been convened since the start of June as a way to show people’s rejection of bills that promote inheritance taxes and extraordinary Money confiscation measures from the sale of properties. Protesters have joined opposition politicians such as Jaime Nebot, mayor of Guayaquil, and former presidential candidate Guillermo Lasso. Given the growing ...Read full article...

Don’t look for Freedom of Expression in Ecuador

Two years ago Ecuador declared the end of Free Speech after passing a new law called the Communications Act, which allows the government to establish what information is allowed in the media and this information can be published. SInce the passing of the law, the Superintendency of Communication, the official agency that oversees alleged media violations has sanctioned 198 media outlets. This agency has also passed 506 reslutions and take on 313 ...Read full article...

GDP is an insufficient measure of true economic growth

High levels of economic growth are not enough to eradicate poverty. Economic growth has bee at zero percent or lower for two or three years in a row in most of the western world. Cooked government numbers say that most so-called western powers have grown at 0.2% and that the recession that began in 2009 is over. In Europe, the Spanish government has been short of organizing a parade, ...Read full article...

Latin America adrift

Not too long ago, Latin America was one of the regions with the best economic perspective on the planet. After the crisis of 2009, recovering and booming economies in the south looked for Asian partners to establish business opportunities with China, India, and even Russia. Those partnerships were established enthusiastically with the signing of new bilateral and multilateral agreements between China and individual commercial partners as well as among ...Read full article...

The Socialist party is over in Brazil

The Brazilian gravy train has stopped to a halt as Dilma Rousseff announces a R$ 70 billion cut in government spending. The government of President Dilma Rousseff of the Workers Party (PT), will make an adjustment of 70 billion reais in 2015. The measure is aimed, Dilma says, at adjusting government expenses but that economy experts believe are more of a sign to reassure markets. The figures of the ...Read full article...

Paper currency becomes worthless in Venezuela

Venezuelans have begun to feel as if the cash they carry in their wallets is as valuable as Monopoly money. The local currency, the bolivar, tumbled even further this week, falling through the threshold of 400 bolivars per dollar, which is double as low as the value of the so-called Marginal System. That threshold had been established three months ago by the government in an effort to stop the ...Read full article...

U.S. soldiers raped Colombian girls near Tolemaida Air Base

At least 53 Colombian children were raped years ago by soldiers and security employees of the United States stationed in Colombia. Soldiers and employees recorded the abuses and sold the videos as pornographic material. This is the conclusion of a report titled “Report of the Historical Commission of Conflict and Its Victims” that denounces abuses carried out by US forces in the South American country. This study of 809 ...Read full article...

Corruption and Poverty govern over Latin America

Corruption is the great plague that invades many countries in Latin America and the world. It will be perceived more and more as the threat of economic crisis looms, which will cause even greater rejection of corrupt practices. Social and economic developments in Latin America over the past decade have failed to circumvent a harsh reality: 40% of the population is in vulnerable conditions. That is, the risk of ...Read full article...
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