This past week's events have sent the economic world into a tailspin. Mainstream analysts were so sure of themselves heading into the July Federal Reserve meeting - The Fed was going to cut rates by a respectable margin, or they were going to cut incrementally and promise the markets through thinly veiled language that QE4 was well on the way. This was supposed to be a certainty.
Whenever a tragic act of violence makes national headlines, the calls to give up more of our freedoms and liberties in exchange for the promise of increased security become deafening. But if we take another step toward becoming an authoritarian society every time something horrible happens, eventually we won’t have any of the basic liberties and freedoms that previous generations of Americans fought so hard to secure for us.
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.
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.