Iran-Backed Terrorists Infiltrate Latin America

 

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

Iran and Russia Just Revealed How They’ll Upend the Petrodollar

 

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 Turn To Cryptocurrencies For Oil Trade

Putin

 

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

Maduro to Create Venezuelan Cryptocurrency ‘To Overcome the Financial Blockade’

Venezuelan President Nicolas Maduro / Getty Images

 

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

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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Venezuela quells attack on military base, two killed

VALENCIA/CARACAS, Venezuela, Aug 6 (Reuters) – Venezuelan authorities quelled an attack on a military base near the city of Valencia by soldiers and armed civilians on Sunday, killing two of them in a dramatic escalation of unrest in the protest-convulsed South American nation.

The pre-dawn raid coincided with a video circulated on social media showing more than a dozen men in military uniform announcing an uprising to restore constitutional order following the creation of a pro-government legislative superbody on Friday, condemned internationally as a power grab by President Nicolas Maduro. 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

“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

Maduro Orders Army Into The Streets Ahead Of “Mother Of All Protests”

 

With the world’s attention focused on Syria and North Korea in recent weeks for obvious reason, another geopolitical hotspot is on the verge of eruption. According to AFP, after weeks of increasingly more violent protests, Venezuelan President Nicolas Maduro has ordered the army into the streets as the insolvent nation braces for what the opposition has vowed will be the “mother of all protests” on Wednesday.

Maduro, who recently backed down from a bid to usurp supreme power after a Supreme Court decision left the local Congress powerless, only to reverse itself following furious blowback even from his own party, has faced violent protests over recent moves to tighten his grip on power, and ordered the military to defend the leftist “Bolivarian revolution” launched by his late mentor Hugo Chavez in 1999. Continue reading

Venezuela Orders Largest Bills Turned in Ahead of New Bank Notes

Take cash away from the citizens and, in theory, they can’t make a run on the banks and spark a full economic collapse.

Take cash away from the citizens and they can’t have full economic control over their own lives.

 

  • Maduro says move to fight smuggling, currency attacks
  • 100-bolivar bills must be out of circulation in 72 hours

Venezuela’s government ordered all 100-bolivar bank notes out of circulation within 72 hours, amid a hard cash shortage and the scheduled release this week of bigger bank notes. Continue reading

‘The people’ turn on Venezuela’s president, chase him through the streets

 

Fed up with what socialism has wrought in their country, angry Venezuelans on Sept. 3 chased President Nicolas Maduro through the streets during what was supposed to be a routine political event.

Maduro had traveled to Margarita Island off Venezuela’s northern coast to inaugurate a number of new public housing units and give a televised address during which he denounced his opponents’ demands that he step down from office, calling them “vampires”. Continue reading

Venezuela Will “Purge” All State Workers Who Sign Maduro Recall Petition

Last week we reported that in addition to confiscating the guns of Venezuela’s famished population, president Maduro had a warning for would-be coup plotters (perhaps sensing that a coup is imminent): “Did you see what happened in Turkey?” said Maduro, in a televised public event on Thursday evening. “Erdogan will seem like a nursing baby compared to what the Bolivarian revolution will do if the right wing steps over the line with a coup.”

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