Venezuela Publishes Oil Prices in Chinese Yuan, Snubbing the ‘Tyranny of the Dollar’

 

Could this trend lead to the erosion of the dollar’s reserve-currency status?

On September 15, Venezuela began to publish prices for its oil in the Chinese yuan rather than in United States dollars, following President Nicolás Maduro’s promise earlier in the month to rid the South American country’s economy of the “tyranny of the dollar.” News emerged on September 13 that Venezuela was telling oil traders that it will stop receiving or sending payments in dollars.

The Venezuelan Oil Ministry published a statement about the decision to publish prices in yuan, saying, “This format is the result of the announcement made on September 7 by the president [Maduro] … that Venezuela will implement new strategies to free the country from the tyranny of the dollar.”

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Russia, China Playing Major Role in Keeping Venezuela Afloat

Venezuelan President Nicolas Maduro / Getty Images

 

The countries ‘have provided capital, goods, services, and political backing’

Russia and China have played a major role in keeping the dictatorial Maduro regime in Venezuela afloat, according to expert testimony before the House Foreign Affairs Committee Wednesday.

Evan Ellis, a senior associate at the Center for Strategic and International Studies and a professor at the U.S. Army War College, appeared before the Western Hemisphere subcommittee of the Foreign Affairs Committee for a hearing on the malicious influence of state and criminal actors in the Latin American nation’s ongoing breakdown.

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Oil Rich Venezuela Stops Accepting Dollars

Source: The Burning Platform

 

  • President Maduro ‘ Venezuela will create a basket of currencies to free us from the dollar,”
  • Oil traders ordered to stop accepting U.S. dollar in exchange for crude oil
  • Order comes following calls from Russia and China to find alternatives to current reserve system
  • U.S. Dollar accounts for two-thirds of global trade
  • Venezuela has over ten-times more oil than United States
  • Super powers are gradually turning to gold to avoid using world’s main reserve currency
  • Are we seeing the beginning of the end for the U.S. dollar?

The oil-rich country of Venezuela has stopped accepting the U.S. Dollar as payment for oil.

Last week President Maduro warned that the country would this week ‘free’ itself from the US dollar. Continue reading

Talks in the Chancellery

BERLIN/CARACAS (Own report) – Chancellor Merkel will meet one of Venezuela’s leading government opposition politicians today in the Chancellery. Julio Borges, who, according to reports, supported the 2002 putsch attempt in Caracas, will discuss the political development in Venezuela with the chancellor. Fierce power struggles are being waged in that country. The opposition, mainly composed of representatives of the traditional wealthy elites, has ties to Western powers und is also supported by Berlin. With its operational assistance, for example in advising Borges’ Primero Justícia (Justice First) party in “political communication,” the CDU-affiliated Konrad Adenauer Foundation has been playing a special role. Primero Justícia had also participated in the 2002-attempted putsch. Berlin is pursuing an approach similar to that used in other Latin American countries, wherein it regularly supports the traditional elites. This resembles the German authorities’ interventions in the run-up to the putsch in Ukraine.

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War on Cash: A “Wider Cultural Change Agenda”

 

A certain Michael Andrew is the former global director of accounting at KPMG. He’s also the present generalissimo of Australia’s Black Economy Taskforce.

The stated mission of this “taskforce” sets it among the angels — to combat terrorism, narcotics, tax dodging.

Cash is of course the coin of these evil realms. Continue reading

Trump Will Now Become the War President

President Trump has been defeated by the military/security complex and forced into continuing the orchestrated and dangerous tensions with Russia. Trump’s defeat has taught the Russians the lesson I have been trying to teach them for years, and that is that Russia is much more valuable to Washington as an enemy than as a friend. Continue reading

Colombia: Venezuela Crumbles Into Uncertainty

While Venezuela is drifting towards mass starvation, government collapse and civil war Colombia has managed to avoid all that and then some. What Colombia did was not easy. It required nearly two decades of effort to reach the point where a peace deal was agreed to and succeeded in disbanding the major leftist rebel group FARC. With that accomplished (as of the end of June) the second largest leftist rebel group (ELN, a third the size of FARC) now wants to talk peace as well. All these leftist rebels got going in the 1960s but by the 1990s were rapidly losing popular support. It got worse after 2000 because by then the drug gangs and leftist rebels had merged in many parts of the country, and the war was increasingly about money, not ideology. A new reform government took advantage of this and organized an offensive that sharply reduced crime and gave the economy a chance to become the most successful in South America. Continue reading

Russian Military Commentator: We should point Caliber Missiles at America’s Fat Ass

Please see the source for the video as compatibility issues prevent it from functioning properly here. It will be posted here once/if another stable source is found. Below you will find a transcript.

 

Russian military commentator Col. (res.) Viktor Baranetz, a former Russian Defense Ministry spokesman, said that Russia should deploy Caliber cruise missiles to Cuba, Nicaragua, and Venezuela in order to defend their democracy and sovereignty and to point them “at America’s fat ass.” He was commenting on possible Russian actions against the backdrop of the ongoing debate in the U.S. regarding deployment of American troops to Ukraine. His statements aired on the Russian MoD TV channel Zvezda TV on June 26. Continue reading

This Region Is China’s Next Target For Resource Deals

Brazil

 

South Africa’s chamber of mines officially filed suit this week to block the country’s challenging new mining charter. But elsewhere in the world, some of the biggest investors in natural resources are ramping up their financial commitments — to a new target region for mining and energy deals.

Latin America.

Specifically, Brazil. Where government officials announced that a major new infrastructure fund backed by China will begin accepting investment proposals this week. Continue reading

Special Report: Pope Francis’s Communist Mentor

 

An excerpt from George Neumayr’s “The Political Pope,” to be released Tuesday.

After Pope Francis early in his papacy decried capitalism as “trickle-down economics” — a polemical phrase coined by the left during the Reagan years that Francis frequently borrows — radio talk show host Rush Limbaugh commented, “This is just pure Marxism coming out of the mouth of the Pope.” Talk show host Michael Savage called him “Lenin’s pope.” Pope Francis took such comments as a compliment. “I have met many Marxists in my life who are good people, so I don’t feel offended,” he told the Italian press. Continue reading

“All I Have Is Hunger” – Many Venezuelans Too Weak To Protest Despite Maduro Misery

https://i0.wp.com/www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/04/17/20170420_VENZ1.jpg

 

While tens of thousands of angry Venezuelans turned out for the ‘mother of all protests’ yesterday, facing an increasingly hostile military/police state, the numbers could have been significantly larger but for the fact that legions of poor Venezuelans are simply too frail from starvation to protest.

Some say they are intimidated by armed pro-government militias who scour the slums for signs of dissent. Others say they are afraid to lose the few food handouts the cash-strapped government still provides.

“We wear our protest on the inside for the fear of losing our bag of food,” said San Félix resident Luisa Gutiérrez, a single mother of three. Continue reading

‘WE WILL RETURN’ Argentina vows to ‘NEVER STOP’ trying to take back the Falkland Islands

Anniversary of the Falklands conflict

The comments came at the 35th anniversary of the beginning of the 1982 conflict with the UK [Getty]

 

ARGENTINA “will never cease to claim” the Falklands and “will return to the Islands”, a government minister has claimed in the latest threat by the South American nation.

Recent reports suggest Argentina is looking to make a renewed bid to gain control of the Falkland Islands, as Britain pushes forward with its Brexit plans.

Rogelio Frigerio, the Minister of Interior Affairs, said: “We will never cease to claim what belongs to us. Not one single day of our lives are we going to let our arms down. Continue reading

Brexit talks turn ugly over Gibraltar

As previously discussed a few times, bitter over Brexit, the EU will now find ways to punish Great Britain and gun for Gibraltar and even the Falkland Islands. In regards to Gibralter, it will go on the offensive and support a separation, whereas with the Falkland Islands it will turn a blind eye.

 

Royal Gibraltar Regiment on parade outside Buckingham Palace in London (Photo: Defence Images)

 

Britain has said Spain can have no new powers over Gibraltar, as Brexit prompts hard talk on sovereignty, security, and borders.

“We will never enter into arrangements under which the people of Gibraltar would pass under the sovereignty of another state against their freely and democratically expressed wishes”, the British prime minister’s office said in a statement on Sunday (2 April).

The British defence minister, foreign minister, and the chief minister of Gibraltar issued similar comments in a debate prompted by the start of Brexit talks last week. Continue reading

Civil Unrest Engulfing the World

 

Everywhere we turn, politicians are abusing their power relentlessly because the global economy is moving against their best plans. In Paraguay, the nation’s constitution prohibited the re-election of a president since 1992 after a brutal dictatorship of General Alfredo Stroessner’s 35-year hold on power, which made him South America’s most enduring dictator during the cold war. He eventually died in exile in Brazil after he fell from power in 1989. Continue reading

Latin America: Front Line of Trade War

Caption: Demonstrators during a protest rally against Mexican President Enrique Peña Nieto meeting with President Donald Trump, in Mexico City on September 15, 2016. (ALFREDO ESTRELLA/AFP/Getty Images)

 

America’s new protectionism is forcing Latin America to seek new partners.

America’s influence in Latin America is decreasing, while the influence of other world powers in the region is growing. If it continues, this trend could destroy America.

Dominance of the Caribbean basin is integral to America’s safety and essential to its ability to project power globally. If a rival power were able to establish a significant presence in the Caribbean, it could threaten the American heartland. The Caribbean is also key to United States’ trade. The majority of all U.S. waterborne foreign trade travels to or from U.S. ports on the Gulf of Mexico. When you include goods traveling through the region from other ports, no other part of the world is more essential to America’s trade.

This is why more Americans ought to be concerned that foreign powers are rapidly moving into the Caribbean, as well into South America itself. Continue reading