Government produces nothing; it redistributes wealth in accordance with a formula based on the re-election of established politicians. Remember Bernie and Hillary? Their promise was free universal healthcare, forgiveness of outstanding education loans, free college for everyone, infrastructure repair and expansion, a higher minimum wage of $15, better VA benefits, higher pay for government workers, and who can remember all the rest. At the time in 2016, I figured it out — they promised to spend $5.6 trillion above the budget established by Obama for 2017, which would bring our national debt to over $30 trillion by the end of 2018. Not even uneducated idiots voted for that; in reality you had to have been a millennial to have supported either Bernie or Hillary.
This then brings us to Venezuela, the nation with the largest natural resources in the Americas and the world’s largest oil reserves. Forty years ago Venezuela was one of the wealthiest nations in South America, on par with Brazil and Argentina. In 1988 Hugo Chavez was elected and the change to a socialist dictatorship was put in motion. Today communist Nicola Maduro is the president succeeding Chavez after his death.
As of 2017 Venezuela has a negative gross GDP rate of -0.10%. The Venezuelan economy is shrinking and has been for the last 40 years. Virtually every industry from oil to steel has been nationalized; private enterprise no longer exists in manufacturing. Price controls are destroying what was left of retail business, and state run stores are out of toilet paper, oil, bread and eggs, to the point where 75% of the citizenry report involuntary weight loss. Inflation of the bolivar is at 720% and the official government currency exchange rate is totally ignored by everyone. The official dollar exchange rate is 0.100223 to the U.S. dollar. Today 100 bolivar are worth 10 U.S. dollars, but on the street one dollar will buy you 1,100 Bolivars.
Winston Churchill’s explanation of socialism was, “A philosophy of failure, the creed of ignorance, and the gospel of envy. It’s inerrant virtue being the equal sharing of misery.” Some academics found this more than they could bear. Economists, like the Gray Lady’s Paul Krugman, who relentlessly pushes this socialist crap, simply avoid the historic failures of the socialist systems and ignore Venezuela as a topic of discussion. This is the process of omission.
This is where we are today with the millennials, who have been brainwashed by academics and teachers for the last 30 years, and consequently represent the first American totally clueless social group. The age of deceit is a time in which adults are so uneducated that they are unable to mount any opposing argument to socialism.
There is not one instance of a lasting socialist or democracy-based government in world history. Socialism fails because the government which acts as the distributor of funds runs out of other people’s money; democracies fail because people can be bought, hence the majority votes for free stuff, and the politicians who clamor for the votes of the people provide it, giving us the exact same outcome as the socialist system.
Indeed we live in an age of deceit. It is fostered by the media, parented by communist-controlled educational systems, and propagated by the politicians, who are all too happy to stuff the ballot boxes with the votes of the ever ignorant populace.
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