Around 2011, a representative from the Venezuelan Embassy gave a talk to my Rotary Club, the Rotary Club of West Ottawa, and it really stuck with me. During the presentation, she went through the aggressive socialist agenda of the Hugo Chavez government. This included many programs that would provide price controls, health care, and education for the Venezuelan people.
In a recent interview with CNBC, after releasing the Berkshire annual report, Warren Buffet was quoted as saying:
“Mixing politics with investment strategies would be a big mistake”
“Tonight, this chamber speaks with one voice to the people we represent: It is you, our citizens, who make the state of our union strong.
Over the last decade, global markets have been thrown into chaotic, disruptive, but beneficial upheaval as the new giants of the world grew up. In this I am referring to what were coined the BRIC economies by Goldman Sachs: Brazil, Russia, India and China.
“Job gains, along with the strengthening housing market, have in turn contributed to increases in consumer confidence and supported household spending.”
Ben Bernanke, June 19th, 2013.