Tag Archives: Venezuela

Venezuela’s presidential election race has begun with favorite and incumbent Nicolas Maduro signaling a nationalist, “anti-Trump” campaign while his demoralized foes scramble to find a viable candidate for a vote they predict will be unfair. Sums it up. The favorite wins. The opposition screams foul and runs to held to Washington. Washington declares foul and intervenes directly or indirectly. Wash, rinse, repeat. That's "democracy." They are now even doing it the US in the case of...

Downhill I have not written on the problems in the region for a while now (last stuff that is more comprehensive here in the talk at Keene, for example), in part, because the whole theme is a bit depressing (more recently the Honduras crisis, and the return of the right in Chile). As I have noted before, there is no doubt that the collapse of commodity prices has played a significant role in the downturn in the region, but it is also true that a lot of the problems are political in...

The corporate media is deliberately giving readers the false impression that Venezuela is ‘flirting with dictatorship’. In reality, these claims couldn’t be further from the truth. But majority support for a Constituents Assembly, and the fact that the Governing United Socialist Party won 17 out of 23 governor races is irrelevant to Washington’s nefarious objectives. US Secretary of State, Rex Tillerson is threatening to remove Venezuelan President Nicolas Maduro is he doesn’t leave of his...

Exposing faked news about Venezuela, although it is also about Latin America as a whole and the US attempt to control the region to advance the interests of the US. Dennis Bernstein: You just got back from Venezuela. Why were you there? Daniel Kovalik: I was invited as an election observer for the regional elections that took place on October 15. Dennis Bernstein: Jimmy Carter has said that these elections in Venezuela were some of the fairest in the world. Daniel Kovalik: Yes, he said...

Trading insults.IndependentVenezuela's president says Donald Trump is 'the new Hitler' Alexandra Witts

Fast forward to today, when according to a statement on the Venezuela oil ministry, the country's weekly crude oil and petroleum basket "will be published in Chinese Yuan" - oddly, not in Euros as the WSJ hinted - going forward. We can only assume that Venezuela avoided the European currency on concerns that Brussels may follow in D.C.'s footsteps and impose financial sanctions on the Maduro regime next. Which meant that the only "safe" currency to transact in, was that of the country's two...

The world’s top oil importer, China, is preparing to launch a crude oil futures contract denominated in Chinese yuan and convertible into gold, potentially creating the most important Asian oil benchmark and allowing oil exporters to bypass U.S.-dollar denominated benchmarks by trading in yuan, Nikkei Asian Review reports. The crude oil futures will be the first commodity contract in China open to foreign investment funds, trading houses, and oil firms. The circumvention of U.S. dollar...

Among the disaffected is Venezuelan-American lawyer Eva Golinger, the author of The Chávez Code: Cracking US Intervention in Venezuela and self-described friend and advisor to Hugo Chávez. The day after Trump threatened to militarily intervene in Venezuela, Jeremy Scahill posted his interview with Eva Golinger on The Intercept, one reinforcing some corporate press distortions of Venezuela under President Maduro. Golinger hardly goes as far in this anti-Maduro campaign as Scahill, who more...

An international campaign by capitalist politicians and media has been unleashed against president Nicolás Maduro’s Venezuelan government. It has been used by Labour’s Blairista right wing to try to weaken Jeremy Corbyn. In Spain, the spectre of Venezuela has been held up as a warning of what a Podemos-led government would mean. The close links of Podemos leader Pablo Iglesias to Hugo Chávez regime in the past has facilitated this idea. Across Latin America this campaign has been conducted...

In an address to a new legislative superbody, Maduro said:  “I am announcing that Venezuela intends to introduce a new international payment system and to create a currency basket for the liberation from the dollar and, [we intend] to free ourselves from the clutches of the dollar, the currency that is strangling our country.”  “If they pursue us with the dollar, we’ll use the Russian rouble, the yuan, yen, the Indian rupee, the euro,” Maduro said.... Another wipe at what's left of...