by Finian Cunningham The capo-in-chief flew into Brussels like many feared he would, beating up on other NATO members with a combination of blackmail and extortion.
President Trump wants the others to cough up more dough for the “protection” provided to them by the United States. The American leader berated European heads of state as if they were naughty children, accusing them of “freeloading” on US military power for their defense over many decades, and of giving nothing back.
Trump singled out Germany in particular for his sharpest dressing down. He accused the top European economic power of being “controlled by Russia” owing to its supposed dependence on Russian oil and gas.
The Venezuelan “Petro” – Towards a New World Reserve Currency? By Peter Koenig
Global Research, Imagine an international currency backed by energy? By a raw material that the entire world needs, not gold – which has hardly any productive use, but whose value is mostly speculative – not hot air like the US dollar. Not fiat money like the US-dollar and the Euro largely made by private banks without any economic substance whatsoever, and which are coercive. But a currency based on the very source for economic output – energy.
On February 20, 2018, Venezuela has launched the “Petro” (PTR), a government-made and controlled cryptocurrency, based on Venezuela’s huge petrol reserves of about 301 billion barrels of petrol. The Petro’s value will fluctuate with the market price of petrol, currently around US$61 per barrel of crude.
The Petro was essentially created to avoid and circumvent illegal US sanctions, dollar blockades, confiscations of assets abroad, as well as to escape illegal manipulations from Florida of the Bolivarian Republic’s local currency, the Bolívar, via the black-market dollars flooding Venezuela; and, not least, to trade internationally in a non-US-dollar linked currency. The Petro is a largely government controlled blockchain currency, totally outside the reach of the US Federal Reserve (FED) and Wall Street – and it is based on the value of the world’s key energy, hydrocarbons, of which Venezuela has the globe’s largest proven reserves…. article continues here.. The Venezuelan “Petro” –
Comment Comment Comment
MEFOBILLSshocktherapy The Petro is money, not commodity. The Petro became money the minute Maduro made it good for taxes. Goods and Services will be priced in Petro’s. Most likely there will be stores taking Petro’s for those who take their salary in that unit.
Government workers will be the first to have salary paid in Petro’s. … Petro volume in money supply will be held to price of oil…Early adopters will be buying Petro’s with dollars, which will then help anchor Bolivar….Blockchain adds transparency, so Petro has good chance to be moral legal money.
I’ll make this prediction right now, it will work. Other nations in Caribbean and Latin America will also jump on Petro bandwagon. Mammon, now occupying Washington, London, and Tel-Aviv will not be happy.
The political situation in Venezuela continues to be embattled and the legacy of Chavismo is one that remains contested and debated on the left. We republish this translated statement by the Federación Anarquista Uruguaya (FAU) with their perspectives on the current situation. Founded in 1956 the FAU was one of the strongest anarchist movements in Latin America, survived the period of dictatorship and continues to be active today. We also recommend other translated pieces on Venezuela, “The ‘Madurization’ of Chavismo” a statement by Caribbean anarchists and an analysis by Chilean anarchists who conducted political research in Venezuela, “Political Situation in Venezuela: Crisis, Trends, and the Challenge of Class Independence.” The original text in Spanish appears below.
“The Popular Power in Venezuela, initially pushed by charismatic Hugo Chavez, has been in a constant tension … From above, resources have been cut, and they have hindered, in every possible way, the development of Communes and the Popular Power.”
On Popular Power in Venezuela: A Statement by Uruguayan Anarchists
In 1989 Venezuela lived one of the biggest social uprisings known as “El Caracazo.” The motivation of this popular revolt was the measures taken by the government of Carlos Andrés Pérez, who gave over the Venezuelan economy to the International Monetary Fund and implemented a shock policy of explicit neo-liberal nature. Thus, the country’s existing economical crisis was deepened and the balance of this huge popular protest was 3,000 dead.
… by michaellee, shared with thanks If the Trump administration is to avoid spiralling into a nuclear confrontation with North Korea, it needs to understand what North Korea wants and why it behaves the way it does..
‘The North Korean leaders believe, with ample evidence, that they are in a desperate survival race against a rogue superpower which has destroyed a whole series of countries (recently Iraq, Libya, Yemen..) using its military power to try and reassert its dwindling economic hegemony’. The US has 28,500 troops in 11 US military bases in South Korea
… Under the terms of the 1994 framework, North Korea agreed to freeze and ultimately dismantle its nuclear programme in exchange for “the full normalisation of political and economic relations with the United States”. This meant four things:
Until then, the US would supply the north with 500,000 tons per year of heavy fuel;
The US would lift sanctions, remove North Korea from its list of state sponsors of terrorism, and – perhaps most importantly – normalise the political relationship, which is still subject to the terms of the 1953 Korean War armistice;
Finally, both sides would provide “formal assurances” against the threat or use of nuclear weapons.
The US has arrogantly broken every single clause of the agreement
byJOHN LAFORGE, BÜCHEL, Germany The fairy tale that nuclear weapons provide state security is a fiction believed by millions. On July 17, five of us proved that state guarantees of “highly secure” nuclear weapon facilities are just as fictitious.
After nightfall, an international group of five peace activists, me included, got deep inside the Büchel Air Base here, and for the first time in a 21-year long series of protests against its deployment of US nuclear bombs, we occupied the top of one of the large bunkers potentially used for storing nuclear weapons.
The US still deploys up to 20 B61 gravity bombs at the air base and German pilots train to use them in war from their Tornado jet fighter bombers.
After hiking along shadowy farm roads, shushing through a dark row of tall corn, clipping through the base’s outer fence, crossing a brightly lit air base road, and tramping noisily through a few wooded brambles, our small group cut through a second chain-link fence, bumbled past a giant hanger and under the wing of a jet fighter bomber, and reached a double-fence surrounding the broad, earth- bermed bunkers. Continue reading Anti-Nukes Besiege Base, Occupy US War Bunker In Germany→
After 18 years of subversion, infiltration, coercion, bribery and a constant blitz of fake news the US is pushing Venezuela into a horrific civil war in order to take control of its oil.
Every day we can see images of the police and state thugs beating up innocent students and read Fox News reports like.. “”there is no toilet paper or meat there, the currency is worthless, the murder rate is perhaps the highest in the world, the Supreme Court has tried to abolish the entire legislature for daring to oppose a dictator who’s running the place into the ground, and you can go on and on and on, it is a disaster there in Venezuela.”
Of course the socialist government is corrupt and repressive, but it still controls its own oil and distributes a huge share to give food jobs, housing and education and health to all.
By now, with the cuts due to the oil price collapse, the entire middle class seem in the media to be protesting daily against the government, but they are still the minority and like us they are taken in by constant fake news .
”The rich want lower taxes, and ending social programs for the have-nots, and they want the privatization of vital government enterprises so that they can loot the country, as is happening right now in Brazil. And most of all, they want the privatization of the oil in their hands. They want to be billionaire oligarchs just like oligarchs in other oil-rich countries.‘This Fight Is Ours’: Venezuela Women March Against Imperialism.
The have-nots, workers, unemployed, women, indigenous, blacks … still support the government. They want the government to keep control of the oil for the benefit of the people, the have-nots. They are in the streets too, they are supporting the government, and they are being violently attacked by the hoodlums of the haves and the mercenaries for the U.S. Empire. Continue reading US Pushing Civil War on Venezuela for Oil Control→