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May 2, 2017 - InfoWars Special Reports
07:57
Venezuela Confiscates GM Factory Feds Confiscate FannieMae FreddieMac
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Well, it's May Day, that day that we all set aside to celebrate the violence, the theft, the mass murder, the starvation, the tyranny of communism.
Celebrate that on May Day.
And of course, immigration, because the immigrants are being used by the communists, by the progressives, to try to bring chaos, conflict...
War to our economy, to take down our economy.
But let's take a look at the long history here briefly and how it applies to Venezuela and to our Supreme Court that has now defended Venezuela against a company that is trying to sue them in court to get back the business that they confiscated from them in Venezuela.
And, of course, we have this article from the UK Telegraph.
They say, Venezuela is collapsing into a socialist-induced chaos yet.
It remains a Corbynista poster child.
And, of course, he's talking about Jeremy Corbyn, the head of the U.K. Socialist Party.
But it equally applies to Bernie Sanders, who I've always talked about as being Bernie Sandinista.
Because it's not just the Corbynistas, but it's the Sandinistas.
It was Bernie Sanders who just loved the Nicaraguan Sandinistas.
And he has not walked back any of those comments from 30-some-odd years ago when he went down to Sandinista.
And applauded the people who later became the same kind of thieves and kleptocrats that we see operating now in Venezuela.
But as he pointed out in this article here, he said, we've seen the moral bankruptcy of socialism.
But he said, let's think about the whole history of this last 100 years.
Because it was in 1917 that we had the Russian Revolution.
He said that it was followed then by the Russian famine of 1921-22.
A direct result of Lenin's collectivist policies.
That led to about 5 million deaths.
Between 1958 and 62, we had Mao Zedong's Great Leap Forward in China, a socialist project to industrialize the country.
That resulted in about 45 million killed.
And of course, these estimates are difficult to get.
These are probably conservative estimates if you take a look at what happened.
In the late 1970s, under Pol Pot, we had 2 million who perished in Cambodia in a collectivist attempt to organize that country, the tyranny, the despotism.
That was created by that.
We have Lenin, we have Mao, we have Pol Pot, and we have Venezuela's Hugo Chavez.
And then, of course, in the UK, they have their own Jeremy Corbyn.
Here in America, we have Bernie Sanders, who is now becoming the heart and soul of the Democrat Party.
CNN looks at it and says, Venezuela, how paradise got lost.
I mean, this is socialism.
This should be paradise.
It should be utopia.
And when we look at what's happening there, the wage and price controls, children dying in the hospital.
Plummeting oil prices in the place that has the world's largest oil reserves.
How can this be?
Well, it's the economic system.
It gets reproduced everywhere they go.
And one of the things I thought was interesting, CNN, they say the Maduro diet, rampant inflation means more people are skipping meals.
No, actually, that's the understatement of the year, okay?
You've got people having to cross the border to try to get food.
They're hunting police down in the streets for their weapons.
Then they're hunting dogs and cats in order to eat.
They are storming stores.
Oh, it's a little bit of a diet.
That's like calling massive confiscation a haircut.
And so we see protests are building there.
And yet, what is happening here in America?
Today, we had the U.S. Supreme Court side with Venezuela.
There was an oil company, a drilling company, that had $100 million was owed to them by the Venezuelan government.
They said, all right, and it was owed for a number of years.
We're leaving.
We're not going to do any more work for you.
And so they confiscated the possessions of that American oil drilling company.
They said that under the Foreign Sovereign Immunities Act, foreign governments can be sued in the U.S. when their private property is seized.
But the Supreme Court ruled 8-0 that the lower court had not made a good case that this could go through.
So the company's stock has declined as part of that.
Now, clearly, I think this is something where it should be going forward once it goes back to the lower court.
But when you look at what is going on and you understand, as we pointed out earlier today, that the way that Obamacare is funded, which is socialism in our country, is by confiscation.
They always devolve into kleptocracy.
And just as you cannot get health care in Venezuela, you will not be able to get health care in America if we go down that road.
And how are we funding Obamacare?
As Jerome Corsi has pointed out time and time and again, we are stealing the money just the same as Venezuela taking over the oil rigs, just the same as Venezuela just this last week, confiscating a General Motors auto plant.
What are we doing in America?
We are confiscating the investment money of Fannie Mae and Freddie Mac investors.
We are doing a net worth sweep.
Isn't that nice?
They don't call it theft.
They call it a net worth sweep.
That's how they fund Obamacare.
It's pure socialism.
Stay with us.
We'll be right back.
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