.
"US imperialism is starving Venezuelans into submission in order to install a puppet regime under Juan Guaidó to gain full control of the largest proven oil reserves on the planet."
8/7/19, "Washington orders international embargo on Venezuela, threatens invasion," Andrea Lobo, wsws.org
"US President Donald Trump signed an executive order Tuesday freezing “all property and interests in property of the Government of Venezuela that are in the United States.” The move is the culmination of a series
of increasingly severe sanctions and marks a new stage in the US coup operation against the Government of Nicolás Maduro.
By fully
cutting access to the financial, capital and consumer markets controlled by the United States government, at the center of global capitalism,
this attack constitutes an embargo of the Venezuelan economy, an act of war according to international law.
The measure will have a
devastating impact on the Venezuelan working class. The US Congressional
Research Service recognized in a July 5 document that “although
Venezuelan oil exports to the United States already had been declining…
[s]ome analysts are concerned that stronger
sanctions on [the state-owned oil company] PdVSA are further
exacerbating Venezuela’s difficult humanitarian crisis, already marked
by shortages of food and medicines and mass migration, by limiting a key source of revenue.”
In
other words, US
imperialism is starving Venezuelans into submission in order to install
a puppet regime under Juan Guaidó to gain full control of the largest
proven oil reserves on the planet. Above all, the move is
aimed at overthrowing a key Western Hemisphere economic and political
ally of Washington’s declared geopolitical rivals, Russia and China.
The
Venezuelan Foreign Ministry [correctly] denounced
the policy as “economic terrorism,” while declaring that it will avoid
any “escalation of aggressions” in order to continue “political
dialogue,” a reference to
ongoing talks with representatives of the US coup operation that began
in May in Norway and are currently taking place in Barbados.
This
is the first time the US has frozen the assets of a western hemisphere
country in three decades. The last time was against the dictatorship of
former CIA asset Manuel Noriega in Panama in 1988, preceding the
1989–1990 invasion by US Marines to depose him, killing thousands of
civilians and bombing working-class neighborhoods in the process.
While
the corporate media consciously avoided making the historical
reference, the Trump administration wanted the message to be clear.
The
announcement deliberately coincided with an “International Conference
for Democracy in Venezuela,” held in Peru, involving representatives of
59 countries around the world and several international agencies like
the European Union, the Inter-American Development Bank and the Latin
American Development Bank.
Ahead of the meeting, the
US envoy to Venezuela, Elliott Abrams, a war criminal from his
involvement in covering up genocide and other abuses during the Central
American civil wars in the 1980s, gave an interview to the Peruvian daily El Comercio.
“We are following the options we have,” he declared. “If you had told
George Bush Sr. in 1988 that he would invade Panama, he would have
called it madness. But two or three years later, it happened. So, no one
knows what will happen in the future, but it’s not today’s policy.”
The
summit was organized by Washington to threaten the world into obeying
the US blockade against Venezuela. US National Security Advisor John
Bolton told the conference: “We are sending a signal to third parties that want to do business with the Maduro regime: Proceed with extreme caution. There is no need to risk your business interests with the
United States for the purposes of profiting from a corrupt and dying
regime.”
The message was also aimed at governments still allied
with Maduro. Cuba, China, Russia and Turkey were invited but decided not
to attend. After
the thuggish orders were given, no delegation saw any need to insist on
having an actual discussion. No final communiqué was published and no
resolution was voted on.
US financial sanctions
against the Venezuelan government have been gradually increased since
2006. These were limited to top officials in the military and state
bureaucracy and their families, currently some 100 individuals, until
August 2017 when
the Trump administration prohibited access of the Venezuelan government
to US debt and equity markets, drastically cutting access to foreign
currency needed for vital imports. In May 2018, this
was expanded to ban transactions on existing Venezuelan debt. The
Venezuelan gold sector was later banned as well.
Around the time
of the change in policy, in December 2017, the White House published a
new National Security Strategy proclaiming openly “great-power
competition” against the “revisionist powers” of China and Russia as its
central priority.
“Both China and Russia support the dictatorship in
Venezuela and are seeking to expand military linkages and arms sales
across the region,” the document warned. Thus, in one of its “priority
actions,” the document said, “We will isolate governments that refuse to
act as responsible partners in advancing hemispheric peace and
prosperity,” referring to Cuba and Venezuela.
In this context, the
summit in Peru and the blockade constitute part of the new escalation
of US measures against China. Last Thursday, Trump announced new tariffs
on $300 billion of Chinese goods, set to take effect on September 1.
Adding to existing tariffs, this will effectively cover all Chinese
imports to the US, its greatest trade partner.
Yesterday, James
Carafano, a strategist at the Heritage Foundation and the primary
advisor for Trump’s transition team at the State Department, wrote: “The
US has to seek an ‘un-peaceful’ coexistence where we force China to
respect Washington’s equities on a global scale… We can’t and shouldn’t
ask every country in the world to pick sides. But what is sensible is to
encourage them to act in their own interest and meter Chinese
influence.”
Guaidó’s self-proclamation as president in January saw
an aggressive expansion of sanctions, this time directly aimed against
PdVSA. Exemptions for several US companies doing business with PdVSA or
its branch in the US, Citgo, ended on July 27, while sanctions were
recently placed on the Russian Evrofinance Mosnarbank and several
shipping companies associated with Venezuelan oil exports.
International
reserves in Venezuela are virtually gone, beginning the year at $8.75
billion but facing a deepening crisis and a World Bank ruling ordering Venezuela to pay $8 billion in compensation to ConocoPhillips for
expropriations in 2007. On April 10, the International Monetary Fund cut access to a $400 million credit line. Venezuela’s oil production has fallen from 2.4 million barrels per day (bpd) in 2015 to 734,000 bpd in
June.
Earlier this year, the UN requested a fund of $738 million
chiefly to aid the millions of migrants that have escaped Venezuela, but
by July international donors had only provided 23.7 percent."
.................
Wednesday, August 7, 2019
Venezuela exemplifies that Trump is powerless in the US but is allowed to savage foreign countries and inflict shocking cruelty on millions of innocent people. This understandably creates hatred and therefore danger for all Americans. They won't impeach him because US political class is filled with drooling neocons
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