Berkshire Hathaway Vice Chairman Charlie Munger recently warned against the Federal Reserve's unbridled money printing. The central bank is going to end up turning the United States into Venezuela with an exponential inflation rate if they continue to print money to cover the government's excessive spending.
For many who live in Japan, it's just another day for the country to grow older and deeper in debt. While the International Monetary Fund (IMF) estimates Japan’s debt at roughly 240% of Gross Domestic Product (GDP), an anti-austerity movement there is attempting to make the argument that now is the time to borrow even more money.
The dystopian state of the democratic socialist nation, Venezuela is in the midst of a massive power blackout. With no end in sight, the blackout is the result of years of government incompetence that has caused the power grid to deteriorate. As citizens panic, the government continues to further impoverish and enslave the civilians making them suffer.