QUESTION: Dear Amstrong, Thank you for all the training you have been teaching us for years. Even though I have gone through 3 universities and have special titles in economics and finance, only after accompanying you for these 15 years, I could understand a little of the true world in which we live. I have two […]
COMMENT: Mr. Armstrong; I am from Venezuela and became an American citizen 20 years ago. I have brought my father here to live for his pension in Venezuela will not even buy him a cup of coffee as you have mentioned. I can only wish that the democrats would visit Venezuela and witness first hand […]
COMMENT: Greetings from Argentina. Merval Argentina indexed doubled since new president Macri started in Dic 2015. Any comments about Latin America – South Cone? You never mention this part of the globe. Thank you I am a long time reader. REPLY: The Merval is covered on Socrates. Nevertheless, if this market breaks through […]
Everywhere we turn, politicians are abusing their power relentlessly because the global economy is moving against their best plans. In Paraguay, the nation’s constitution prohibited the re-election of a president since 1992 after a brutal dictatorship of General Alfredo Stroessner’s 35-year hold on power, which made him South America’s most enduring dictator during the cold war. He […]
The Venezuelean hyperinflation is the direct result of what happens when the general population loses all confidence in the government. The current hyperinflation is reminiscent of Germany’s hyperinflation following World War I, which was also the result of a Communist Revolution and the overthrow of the government giving birth to the Weimar Republic. Venezuela’s currency […]
Venezuela had the greatest oil reserves of any country. The country was ruled for 14 years with the iron fist of Hugo Chavez. Then anti-capitalism wiped out the country and sent it into hyperinflation. “Socialism fails when you run out of other people’s money,” as Margaret Thatcher said. It is human nature for people to work less […]
