Current sanctions and threats of US military intervention are apparently not enough as the US now looks to sanction Venezuela’s “illegal” gold exports…
That picture of men searching for food in the garbage was from back in July of 2018. I’m sure the situation has deteriorated even more since then.
And the situation is about to get much worse.
Here’s the thing: The US already has sanctions on Venezuela, and President Trump has even mulled military intervention in Venezuela.
Apparently, however, the current sanctions and threats of force are not working as the US is now preparing to sanction Venezuela’s gold exports.
I apologize in advance for any offending sarcasm. This kind of stuff bothers me: Our US Empire dictating anything and everything to everyone, or else!
Venezuela is subject to America’s “or else”.
What exactly have they done to us to bear the full brunt of US Imperialism?
I don’t know.
On to the latest developments
Let’s look at some reporting from the Wall Street Journal (bold and my comments added for emphasis):
Washington is preparing sanctions to impede Venezuela’s gold exports and clamp down on what U.S. officials say is an effort by President Nicolás Maduro to loot the embattled nation’s riches and offset a U.S. campaign to squeeze the authoritarian government’s finances, according to people familiar with the matter.
So, what we have here is a struggling socialist dystopian nightmare struggling to survive, but let’s just have the MSM portray it as “looting”. I’m no socialist, and I’m not sure how Venezuela runs things, nor just how corrupt their government is (as if ours is any cleaner), but I do know this – gold is money, and obviously, Venezuela is tapping into it’s “reserves” so to say.
“Looting” as the anti-gold mainstream media likes to call it.
“The idea is to cut off the triangulation of gold and the movement of illegal funds through shell companies,” said one of the people briefed on the U.S.’s plans.
Again, gold is money. Central banks and governments stockpile it. They swap. lease, loan, and do all sorts of things with it. But since this is Venezuela in the sights of the American Empire, it’s “movement of illegal funds”.
U.S. national security adviser John Bolton is set to give a speech Thursday in Miami, where many Venezuelan political exiles reside, focusing on Latin America, according to a former senior U.S. government official familiar with the matter. If the administration decides to move ahead with the latest round of Venezuelan sanctions, it would likely coincide with Mr. Bolton’s speech, the former official said.
Ahh. A taste of the crux of the matter. Trump’s National Security Advisor John Bolton.
Earlier this month, Treasury Secretary Steven Mnuchin, trying to heighten international pressure on Venezuela, told his counterparts at a ministerial summit in Indonesia that gold sales had become a vital channel for Caracas to evade U.S. sanctions. Jonathan Cohen, deputy U.S. envoy to the United Nations, told a separate U.N. meeting that Venezuelan officials have turned “to another valuable resource to plunder,” amid Venezuela’s falling oil production.
Of course Stevie isn’t going to say it, but here we have a Deputy US Somebody, and again, the gold bashing with the use of the word “plunder”.
Ooooh. That gold is eeeeeeevil you know.
“One of the areas that we are urging awareness of is the massive looting that’s now being done in gold,” Treasury’s deputy sanctions chief, Marshal Billingslea, said Tuesday at an event hosted by the American Enterprise Institute, a think tank that has backed the administration’s hard line against Venezuela.
Ah, now we’re getting somewhere. Closer to Stevie himself and an actual upper Treasury Department Official. Notice again the word choice – “looting”. Did they really say those things, or is that the script either fed to or that the MSM is rolling with?
Through bilateral deals, Turkish companies have secured food supply agreements with Venezuela, helping Caracas fill bare supermarket shelves with Turkish products.
Let’s break it down to the most simple of conclusions and nothing more: Gold is, as it has been for thousands of years, money.
When all else fails, the people will return to gold (and silver), and we have yet another real-time example of exactly that, only on a larger scale between actual sovereign nations instead of sovereign citizens.
Food for gold.
In all of time, and in all of places.
– Half Dollar
About the Author
U.S. Army Iraq War Combat Veteran Paul “Half Dollar” Eberhart has an AS in Information Systems and Security from Western Technical College and a BA in Spanish from The University of North Carolina at Chapel Hill. Paul dived into gold & silver in 2009 as a natural progression from the prepper community. He is self-studied in the field of economics, an active amateur trader, and a Silver Bug at heart.