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Out Of Mind » THE INSANITY OF REALITY » GOVERNMENT & THE NEW WORLD ORDER » Venezuela Declares Martial Law ~ All Hell Breaking Loose

Venezuela Declares Martial Law ~ All Hell Breaking Loose

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Alan Greenspan: Venezuela Declares Martial Law, America Is Next

May 29, 2016 

Alan Greenspan issued a dire warning about the U.S. economy during an interview with Fox News on Thursday. Greenspan said that as Venezuela descends into martial law, the U.S. is heading in the same direction.
Greenspan warned that the U.S. has “a global problem of a shortage of productivity growth” which is leading it into an impending disaster. reports:
“What the Fed does at this particular stage is less important than what the markets are doing. And what the markets are beginning to show us is acceleration in money supply for the first time in a very long time… We have a global problem of a shortage in productivity growth and it’s not only the United States but it’s pretty much around the world and it’s being caused by the fact that the populations everywhere in the Western world, for example, are aging and we are not committing enough of our resources to fund that,” he said.
Greenspan said the main thing confronting our country and the global economy is long-term economic growth.
“Our problem is not recession which is a short-term economic problem. I think you have a very profound long-term problem of economic growth at the time when the Western world, there is a very large migration from being a worker into being a of recipient of social benefits as it is called. And this is legally mandated in all of our countries. The size has got nothing to do with the rate of growth in economic activity, but if we stay down at the two percent economic growth in the United States and elsewhere, we’re not going to be able to fund what we are already legally obligated to spend,” he said.
Former Reagan budget director David Stockman on Wednesday told Neil Cavuto the U.S. could be on the verge of a market economic collapse but Greenspan says “we need not go that far.”
“Since 1975, the sum of gross domestic savings and entitlements as a percentage of GDP has been remarkably flat and what that tells us is all the way back to ’65 we have essentially been seeing a one Dollar to one Dollar tradeoff between entitlement growth and gross savings decline. And despite the fact that we are borrowing savings from abroad its’ kept our rate of capital investment as a percent of GDP going down,” he said.
Greenspan who is “not exactly” a fan of Donald Trump or Hillary Clinton also discussed their opposition to trade deals and why they are critical to economic growth.
“People don’t realize, they think that you’re going to shut off, for example, imports from China, that somehow will create jobs in the United States — it doesn’t. Instead of getting goods out of China you will get them out of the Philippines or someplace else. But before they come back to the United States, they will try other places around the world where labor costs are perceived to be cheaper. So the issue of foreign trade is something which has helped the country grow all the way back to 1790 and the presumption that of sudden we’re turning off on trade is very narrow-minded in my impression,” he said.

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Venezuela is shutting down
Posted on May 28, 2016 by Dr. Eowyn

We are witnessing something unprecedented in our life time: An entire country, Venezuela, is shutting down before our eyes.
Here’s the latest on the increasingly desperate situation in Venezuela, from The New York Times, May 28, 2016:
(1) Electric blackouts: Electricity is being rationed. To save electricity:

  • Courts and other government offices operate for only two half-days a week, the equivalence of one full day.
  • Public schools are closed on Fridays.

(2) Water shortage: Water is also being rationed. As an example, water arrives just once a week, on Thursdays, to the neighborhood of San Antonio de los Altos. But the water is a brownish color and is making people sick. Many Venezuelans say they have gotten skin irritations from showering or from the inability to bathe and wash their sheets and towels.
(3) Food shortages:

  • Last week, protests turned violent in parts of the country where demonstrators demanded empty supermarkets be resupplied.
  • Coca-Cola Femsa, the Mexican company that bottles Coke in Venezuela, said it’s halting production of sugary soft drinks because it ran out of sugar.

(4) Many people cannot make international calls from their phones because of a dispute between the government and phone companies over currency regulations and rates.
(5) There is little traffic in the capital, Caracas, because so few people, either for lack of money or work, are going out. Buildings downtown, including government buildings, are empty.

Scene in a Venezuelan hospital
(6) Public health crisis: People are dying in hospitals, from electric blackouts, broken medical machines (X-ray, dialysis, scanning, incubators), and chronic shortages of medicine (antibiotics, intravenous solutions), bandages, soap, gloves, beds, water (doctors preparing for surgery at the University of the Andes Hospital in Mérida clean their hands with bottles of seltzer water), and even food. Whatever supplies there are are stolen by hospital staff to sell on the black market. The government can no longer afford to buy imported medicine. Patients are asked to bring their own blankets, sheets, pillows and toilet paper. The result: the rate of death among babies under a month old increased more than a hundredfold in public hospitals run by the Health Ministry, from 0.02% in 2012 to to over 2% in 2015; the rate of death among new mothers in those hospitals increased by almost five times in the same period.(Source)
Venezuela’s socialist government blames the problems on an “economic war” being waged by elites who are hoarding supplies, as well as the U.S. government’s efforts to destabilize the country.
President Nicolás Maduro, who succeeded Hugo Chávez, rejected the political opposition’s call for accepting international aid and described the move as a bid to undermine him and privatize the hospital system. Instead, Maduro insisted that “I doubt that anywhere in the world, except in Cuba, there exists a better health system than this one.”
But most economists agree that Venezuela is suffering from years of economic mismanagement, including over-dependence on oil and price controls that led many businesses to stop making products. Venezuela has the largest oil reserves in the world, yet when oil prices were high, the government saved little money for hard times. Now, oil prices have collapsed — they are around a third what they were in 2014.

Meanwhile, Sean Penn, buddy of the late Hugo Chavez, is still no where to be seen in Venezuela. He’s in France, screening his new movie, The Last Face, at the Cannes Film Festival. The movie, directed by Penn, has been booed by audiences and savaged by critics.
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