The United States is currently waging economic warfare against one tenth of the world’s countries with cumulative population of nearly 2 billion people and combined gross domestic product (GDP) of more than $15 trillion.
These include Russia, Iran, Venezuela, Cuba, Sudan, Zimbabwe, Myanmar, the Democratic Republic of Congo, North Korea and others on which Washington has imposed sanctions over the years, but also countries like China, Pakistan and Turkey which are not under full sanctions but rather targets of other punitive economic measures.
In addition, thousands of individuals from scores of countries are included in the Treasury Department’s list of Specially Designated Nationals who are effectively blocked from the U.S.-dominated global financial system. Many of those designated are either part of or closely linked to their countries’ leadership…
But in recent months it seems that America’s unwavering commitment to fight all of the world’s scourges has brought all those governments and the wealthy individuals who support them to a critical mass, joining forces to create a parallel financial system which would be out of reach of America’s long arm. Should they succeed, the impact on America’s global posture would be transformational.
– From the recent article: The Anti-Dollar Awakening Could Be Ruder and Sooner Than Most Economists Predict
The peak of American empire has already come and gone, a reality not yet widely appreciated due to the continued dominance of the global financial system by the U.S. dollar, still the world’s preeminent reserve currency. U.S. leaders have always used the USD as a weapon, but it’s only in recent years that geopolitical rivals and long-standing allies alike have started to come to an increasingly vocal understanding that the unipolar role played by the U.S. in the world’s centralized financial system is well past its expiration date. Continue reading
An apparent assassination attempt in Venezuela shows how technology is moving faster than governments can counter it.
Venezuelan President Nicolas Maduro was intoning something about economic renewal, flanked by his wife and a handful of high officials, in a country gripped by poverty, starvation, and shortages. Then, in a moment broadcast live on television that has since gone viral, his wife’s face changed. For an instant she seemed to duck as she reached for the official next to her; Maduro glanced up with apparent concern. The camera panned to the National Guardsmen in formation on the street before him as dozens suddenly started running. According to the government and witnesses, they had seen explosions in the sky. Continue reading
Venezuelan President Nicolas Maduro is likely to use what he said was an attempt on his life to purge his socialist government of disloyal officials and further restrict liberties, an analyst said.
Maduro’s government said the president survived an assassination attempt on Aug. 4, claiming explosions heard during a military event that was broadcast on live TV were drone attacks.
Three officials who spoke on condition of anonymity say the incident was actually a gas tank explosion inside a nearby apartment building, The Associated Press reported. Continue reading
During a speech in which the power went out while he was on live television, Venezuela’s socialist president admitted his economic model has “failed.”
“The production models we’ve tried so far have failed and the responsibility is ours, mine and yours,” President Nicolas Maduro told his ruling PSUV party congress on July 30. Continue reading
Inflation in Venezuela could top 1 million percent by the end of this year, according to the International Monetary Fund (IMF).
Shortages in food, water, medicine and electricity, as well as high crime, plague millions of Venezuelans, said Alejandro Werner, head of the IMF’s Western Hemisphere department. Continue reading
America’s most powerful weapon of war does not shoot, fly or explode. It’s not a submarine, plane, tank or laser. America’s most powerful strategic weapon today is the dollar.
The U.S. uses the dollar strategically to reward friends and punish enemies. The use of the dollar as a weapon is not limited to trade wars and currency wars, although the dollar is used tactically in those disputes. The dollar is much more powerful than that.
The dollar can be used for regime change by creating hyperinflation, bank runs and domestic dissent in countries targeted by the U.S. The U.S. can depose the governments of its adversaries, or at least blunt their policies without firing a shot. Continue reading
CARACAS/BERLIN (Own report) – Serious allegations are being raised against a partner cooperating with Germany’s Friedrich Naumann Foundation (FDP) in the context of an attempted putsch: The US Bloomberg news agency has reported that opposition officers had planned to storm the presidential palace in Caracas, capture President Nicolás Maduro and stop the May 20 presidential elections. The conspiracy was discovered and several putschists were arrested in mid-May. According to Venezuela’s military prosecutor’s investigations, an opposition politician María Corina Machado was involved in the attempted coup. Machado, who is said to be very popular within the military, denies the allegations. She is the leader of the “Vente Venezuela” party, which joined the “RELIAL” network last fall. The network was initiated and is backed by the Friedrich Naumann Foundation (FDP) and includes several parties who, in the past, have overthrown or attempted to overthrow democratically elected governments, for example in Honduras (2009) and in Paraguay (2012).
The United States on June 19 said it withdrew from the UN Human Rights Council after an unsuccessful effort to reform the council.
“When a so-called Human Rights Council cannot bring itself to address the massive abuses in Venezuela and Iran, and it welcomes the Democratic Republic of Congo as a new member, the council ceases to be worthy of its name,” U.S. Ambassador to the UN Nikki Haley said.
Haley said the “self-serving” council “in fact, damages the cause of human rights.” Continue reading
Terrorists and other criminals are laundering $43 billion a year in the Tri-Border Area.
An Iranian-backed terrorist group is laundering money in the Tri-Border Area of Latin America, according to a report published Tuesday. Such illicit activities in the region straddling the intersection of Argentina, Brazil and Paraguay have long been a source of concern for United States security officials. Continue reading
Region has experienced 2.5 million murders since 2000 and report paints bleak picture of extreme violence and deteriorating security
Latin America has suffered more than 2.5m murders since the start of this century and is facing an acute public security crisis that demands urgent and innovative solutions, a new report warns.
After Venezuela, Germany, Austria and the Netherlands prudently repatriated a substantial portion (if not all) of their physical gold held at the NY Fed or other western central banks in recent years, this morning Turkey also announced that it has decided to repatriate all its gold stored in the US Federal Reserve and deliver it to the Istanbul Stock Exchange, according to reports in Turkey’s Yeni Safak. It won’t be the first time Turkey has asked the NY Fed to ship the country’s gold back: in recent years, Turkey repatriated 220 tons of gold from abroad, of which 28.7 tons was brought back from the US last year.
According to the latest IMF data, Turkey’s gold reserves are estimated at 591 tons, worth just over $23 billion. This makes Ankara the 11th largest gold holder, behind the Netherlands and ahead of India. Continue reading
The arrival of a new year is accompanied by new murder statistics from the previous year in Mexico. It is a grisly tally, to be sure. One can always hope it will be lower than the previous year. Sadly, that didn’t occur this past year.
As reported by CNN, “Soaring levels of drug-related violence made 2017 Mexico’s most murderous year on record, according to government statistics released Sunday [Jan. 21st]. There were 25,339 homicides in Mexico last year, a 23 percent jump from 2016 and the highest number since at least 1997, the year the government began tracking the data. Continue reading
Iran and Russia just took a page out of Venezuela’s playbook.
Like Caracas announced on Dec. 4, Moscow and Tehran are looking into cryptocurrencies as a means of upending the U.S. petrodollar’s reign over the global oil market, Cointelegraph reported on Dec. 11.
For its part, crypto’s rise in popularity of late does make for an enticing investment choice, especially with Bitcoin’s 150% surge over the past month. Continue reading
Russia may be looking to use cryptocurrencies for oil trade to avoid payments in U.S. dollars and limit the impact of the U.S. sanctions, Russia’s government-backed outlet RT reports.
The bitcoin mania—on which the jury is still out whether it will be the biggest bubble in history or a success—could be a “fresh catalyst” for countries that want to ditch the U.S. dollar in oil trade, according to Stephen Brennock, an oil analyst at PVM Oil Associates. Continue reading
Venezuelan President Nicolas Maduro wants his own version of Bitcoin, announcing Sunday that his socialist government will create a cryptocurrency.
Maduro said on his television show that the new “petrocurrency” will be backed by reserves in oil, gas, gold, and diamonds, Bloomberg reports. Bitcoin, the world’s largest digital currency, hit new highs last week, and Maduro declared that his plan will counteract the economic disaster that is befalling the Venezuelan bolivar, which has experienced hyperinflation as the country’s economy has collapsed. Continue reading