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Venezuela Defies the US Empire Reelecting Maduro
Venezuela Defies the US Empire Reelecting Maduro Photo by Joka Madruga | CC BY 2.0 The Venezuelan people reelected Nicolás Maduro for a second presidential term on May 20. A US-backed political tide of reaction had been bucked, which had swept away previously left-leaning Latin American governments – often by extra-parliamentary means – in Brazil, […]
The US is Meddling in Venezuelan Election
The US is Meddling in Venezuelan Election As Venezuelans go to the polls Sunday, the U.S. is working to disrupt the re-election of Nicolas Maduro and rollback leftwing governments in the region, reports Roger D. Harris. Venezuelan President Nicolás Maduro is the frontrunner in the presidential elections that will take place on Sunday. If past […]
Ex-Venezuela Oil Boss: PDVSA Is Collapsing
Ex-Venezuela Oil Boss: PDVSA Is Collapsing The man who ran Venezuela’s state oil company PDVSA for a decade after 2004 says that the country’s oil firm is on the cusp of total collapse and expects oil production to drop by 600,000 bpd each year amid lack of investment. Rafael Ramirez, who has long been a […]
The Single Largest Supply Risk In Oil Markets
The Single Largest Supply Risk In Oil Markets Venezuela could be the reason that “tips the market decisively into deficit,” the International Energy Agency said in a new report. Venezuela lost another 60,000 barrels per day (bpd) in February, according to the Paris-based energy agency, and continues to present the largest supply risk to the […]
After Releasing Oil-Backed Petro, Venezuelan President Hints At Gold-Backed ‘Petro Oro’
After Releasing Oil-Backed Petro, Venezuelan President Hints At Gold-Backed ‘Petro Oro’ After the launch of the Venezuelan government-backed cryptocurrency the Petro on Feb. 20, President Nicolas Maduro has already hinted at second government cryptocurrency soon to be released, according to government-sponsored news outlet TelSsur. This time, the government-backed cryptocurrency will be backed not by oil, […]
“The Petro Is Born Today” – Maduro Launches Oil-Backed Crypto “For The Welfare Of Venezuela”
“The Petro Is Born Today” – Maduro Launches Oil-Backed Crypto “For The Welfare Of Venezuela” More than two months after Venezuelan President Nicolas Maduro announced his intention to launch the world’s first state-sponsored cryptocurrency to try and help Venezuela raise some badly needed foreign capital, the Petro – backed by 5 billion barrels of oil […]
Regime Change Fails: Is A Military Coup or Invasion of Venezuela Next?
Regime Change Fails: Is A Military Coup or Invasion of Venezuela Next? The U.S. has employed all of its regime change tools in Venezuela and although so far they have failed, there is still a chance that a military attack is in store, warn Kevin Zeese and Margaret Flowers. Several signals point to a possible military […]
Trump Administration Planning Pinochet-type Coup in Venezuela
Trump Administration Planning Pinochet-type Coup in Venezuela The retrograde Donald Trump administration is planning a military coup in Venezuela to oust the socialist government of President Nicolas Maduro. U.S. Secretary of State Rex Tillerson, speaking at the University of Texas prior to embarking on a multi-nation tour throughout Latin America and the Caribbean, said the […]
Venezuela Will Back Its Cryptocurrency With 5 Billion Barrels Of Oil, Gold Deposits
Venezuela Will Back Its Cryptocurrency With 5 Billion Barrels Of Oil, Gold Deposits Four months ago, in a not entirely surprising move meant to circumvent US economic sanctions on Venezuela, president Nicolas Maduro announced that his nation would stop accepting dollars as payment for oil imports, followed just days later by the announcement that in […]
Venezuela Just 24 Hours Away From Formal Declaration Of Default
Venezuela Just 24 Hours Away From Formal Declaration Of Default Less than a week after Venezuela shocked the world by announcing it would proceed to restructure its massive external debt, even as it was within the grace period on hundreds of millions in unpaid interest expense, on Thursday the socialist nation confirmed it has never […]
Is A Venezuelan Default Inevitable?
Is A Venezuelan Default Inevitable? Bondholders, creditors, and any company with operations in Venezuela are all agog for news from Caracas after President Nicolas Maduro announced Venezuela will look to restructure its US$89 billion worth of debt to be able to continue servicing it. Forecasts about what will happen next are all pessimistic, and that’s […]
Maduro Visits Putin, Proposes Global Oil Trade In Rubles, Yuan
Maduro Visits Putin, Proposes Global Oil Trade In Rubles, Yuan Three weeks after the US imposed financial sanctions on Venezuela in an effort to cripple its economy and choke the Maduro regime, which in turn prompted Caracas to announce it would no longer receive or send payments in dollars, and that those who wished to […]
Venezuela Is About to Ditch the Dollar in Major Blow to US: Here’s Why It Matters
Venezuela Is About to Ditch the Dollar in Major Blow to US: Here’s Why It Matters (ANTIMEDIA) — Venezuelan President Nicolas Maduro said Thursday that Venezuela will be looking to “free” itself from the U.S. dollar next week, Reuters reports. According to the outlet, Maduro will look to use the weakest of two official foreign exchange regimes (essentially the way […]
This Is The End: Venezuela Runs Out Of Money To Print New Money
This Is The End: Venezuela Runs Out Of Money To Print New Money Back in February, when we commented on the unprecedented hyperinflation about the be unleashed in the Latin American country whose president just announced that he would expand the “weekend” for public workers to 5 days… … we joked that it is unclear just where the country […]
