Countdown To War On Venezuela - Step II: Trump Imposes More Sanctions

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Countdown To War On Venezuela - Step II: Trump Imposes More Sanctions

By Moon Of Alabama

August 25, 2017 "Information Clearing House" - A month ago we warned of the upcoming war on Venezuela. Such a war could blow up huge in many nations of the region.

The U.S. trained and financed opposition has tried to create violent chaos in the streets but failed to gain traction with the majority of the people. The only support it has inside the country is from the richer bourgeois in the major cities which despises the government's social justice program. Workers and farmers are better off under the social-democratic policies of first Hugo Chavez and now Nicolas Maduro. The coup attempt as step one of a U.S. takeover of Venezuela has failed.

Last month a new constitutional assembly was voted in and it is ready to defend the state. The opposition boycotted the election to the assembly but is now complaining that it has no seats in it. One of the assemblies first moves was to fire the renegade General Prosecutor Luisa Ortega Diaz. She had condemned the government for its resistance to the coup attempts. She now has fled the country together with her husband. The Miami Herald admits that she is on the U.S. payroll:

Ortega, a longtime government insider who became chief prosecutor in 2007, is likely safeguarding some of the administration’s most damning legal secrets. And she’s thought to be working with U.S. law enforcement at a time when Washington is ratcheting up sanctions on Caracas.

Word is that Ortega's husband was blackmailed by the U.S. after he was involved in large illegal transactions.

U.S. President Trump threatened to use military force should the dully elected President Maduro not give up his position. The CIA head Pompeo recently visited countries neighboring Venezuela "trying to help them understand the things they might do". Did he suggest weapon supplies to some proxy forces or an outright invasion?

Today the Trump administration imposed severe sanctions on Venezuela:

The sanctions Trump signed by executive order prohibit financial institutions from providing new money to the government or state oil company PDVSA. It would also restrict PDVSA's U.S. subsidiary, Citgo, from sending dividends back to Venezuela as well as ban trading in two bonds the government recently issued to circumvent its increasing isolation from western financial markets.

Venezuela was prepared for at least some of these sanctions. A few moth ago the Russian oil giant Rosneft acquired a share of PDVSA and at least some oil sales are routed through that company:

Russian oil firm Rosneft has struck deals with several buyers for almost its entire quota of Venezuelan crude for the remainder of the year, traders told Reuters on Wednesday, the first time it has conducted such a large sale of the OPEC member’s oil.
...
Venezuela's oil deliveries to the United States have declined in recent years amid falling production, commercial issues, and sanctions on Venezuelan officials.

The White House statement calls Maduro a "dictator" and his Presidency "illegitimate". Both descriptions are laughable. Maduro was elected in free and fair elections. The former U.S. president Jimmy Carter called the election system in Venezuela the best in the world. The new sanctions will likely increase the support for the current government.

The White House hinted at further economic measures:

In a call to brief reporters on the measures, the [senior Trump] official said the United States has significant influence over Venezuela's economy but does not want to wield it in an irresponsible manner that could further burden the already-struggling Venezuelan people.

Venezuela will now have some troubling times. But unless the U.S. launches an outright military attack on the country -by proxy of its neighbors, through mercenaries or by itself- the country will easily survive the unjust onslaught.

With 300 billion barrels the proven oil-reserves of Venezuela are the largest of the world. They are the reason why the U.S. wants to subjugate the country. But neither Russia nor China nor anyone else wants to see those reserves under U.S. control.

This article was first published by Moon Of Alabama -

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Confessions of an Economic Hit Man

How the U.S. Uses Globalization to Cheat Poor Countries Out of Trillions

We speak with John Perkins, a former respected member of the international banking community. In his book Confessions of an Economic Hit Man he describes how as a highly paid professional, he helped the U.S. cheat poor countries around the globe out of trillions of dollars by lending them more money than they could possibly repay and then take over their economies.

John Perkins describes himself as a former economic hit man - a highly paid professional who cheated countries around the globe out of trillions of dollars.

20 years ago Perkins began writing a book with the working title, "Conscience of an Economic Hit Men."

Perkins writes, "The book was to be dedicated to the presidents of two countries, men who had been his clients whom I respected and thought of as kindred spirits - Jaime Roldós, president of Ecuador, and Omar Torrijos, president of Panama. Both had just died in fiery crashes. Their deaths were not accidental. They were assassinated because they opposed that fraternity of corporate, government, and banking heads whose goal is global empire. We Economic Hit Men failed to bring Roldós and Torrijos around, and the other type of hit men, the CIA-sanctioned jackals who were always right behind us, stepped in.

John Perkins goes on to write: "I was persuaded to stop writing that book. I started it four more times during the next twenty years. On each occasion, my decision to begin again was influenced by current world events: the U.S. invasion of Panama in 1980, the first Gulf War, Somalia, and the rise of Osama bin Laden. However, threats or bribes always convinced me to stop."

But now Perkins has finally published his story. The book is titled Confessions of an Economic Hit Man. John Perkins joins us now in our Firehouse studios.

John Perkins, from 1971 to 1981 he worked for the international consulting firm of Chas T. Main where he was a self-described "economic hit man." He is the author of the new book Confessions of an Economic Hit Man.