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New Oil Sanctions on Venezuela: “Would Destroy What’s Left of its Economy” Sharmini Peries interviews Mark Weisbrot

Summary:
Video and transcript MARK WEISBROT: Well, it’s all illegal, of course. I mean, the sanctions that Trump imposed in August of 2017, or you can go back further to the Obama sanctions in March of 2015, the sanctions have always been illegal under the OAS Charter, under the UN Charter, under the treaties that the U.S. has, various international conventions that the U.S. is a party to. And also under U.S. law, because the president has to state in order to impose these sanctions in the executive orders going back to 2015, both Obama and Trump, have had to say that, under our law, that Venezuela poses an unusual and extraordinary threat. To the national security of the United States, which everyone knows is false. And so on that basis it’s really not even legal under U.S. law, because the

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Video and transcript
MARK WEISBROT: Well, it’s all illegal, of course. I mean, the sanctions that Trump imposed in August of 2017, or you can go back further to the Obama sanctions in March of 2015, the sanctions have always been illegal under the OAS Charter, under the UN Charter, under the treaties that the U.S. has, various international conventions that the U.S. is a party to. And also under U.S. law, because the president has to state in order to impose these sanctions in the executive orders going back to 2015, both Obama and Trump, have had to say that, under our law, that Venezuela poses an unusual and extraordinary threat. To the national security of the United States, which everyone knows is false. And so on that basis it’s really not even legal under U.S. law, because the president is stating something false in order to comply with the law....
Liberalism or fascism?

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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