The situation in Venezuela

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#61
Of course it's not just about oil. It's a proxy struggle between Russia and the US.
I agree. Syria 2.0

If the reports of Russian mercenaries in Venezuela to protect Maduro are to be believed, it lends weight to his claim that there might be a civil war. Just like Russia protected Assad, he’ll likely survive. Thing is, the US has changed the way it wages war….armies for hire….that are trained and ‘backed’ to do the destabilization (think ISIS or FSA), with a handful of troops deployed to support the rebels. If this is what has been planned, reports of these militias will eventually trickle out. In the end, everyone loses whether s/he support Guaido or Maduro, when the country disintergrates.

No one, except the architects of the war, could have anticipated heroin from Afghan poppy fields flooding the world. This Venezuela situation seems so sudden, we don’t really know what the future promises or what it might trigger. Just my two cents….
 





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#64
http://www.unz.com/tsaker/saker-interview-with-michael-hudson-on-venezuela/

Thoughtful analysis of the financial crisis, global impact, and possible solutions for Venezuela moving forward.

The Saker: What can other Latin American countries such as Bolivia, Nicaragua, Cuba and, maybe, Uruguay and Mexico do to help Venezuela?

Michael Hudson: The best thing neighboring Latin American countries can do is to join in creating a vehicle to promote de-dollarization and, with it, an international institution to oversee the writedown of debts that are beyond the ability of countries to pay without imposing austerity and thereby destroying their economies.

An alternative also is needed to the World Bank that would make loans in domestic currency, above all to subsidize investment in domestic food production so as to protect the economy against foreign food-sanctions – the equivalent of a military siege to force surrender by imposing famine conditions. This World Bank for Economic Acceleration would put the development of self-reliance for its members first, instead of promoting export competition while loading borrowers down with foreign debt that would make them prone to the kind of financial blackmail that Venezuela is experiencing.

Being a Roman Catholic country, Venezuela might ask for papal support for a debt write-down and an international institution to oversee the ability to pay by debtor countries without imposing austerity, emigration, depopulation and forced privatization of the public domain.

Two international principles are needed. First, no country should be obliged to pay foreign debt in a currency (such as the dollar or its satellites) whose banking system acts to prevents payment.

Second, no country should be obliged to pay foreign debt at the price of losing its domestic autonomy as a state: the right to determine its own foreign policy, to tax and to create its own money, and to be free of having to privatize its public assets to pay foreign creditors. Any such debt is a “bad loan” reflecting the creditor’s own irresponsibility or, even worse, pernicious asset grab in a foreclosure that was the whole point of the loan.
 





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#65
I agree. Syria 2.0

If the reports of Russian mercenaries in Venezuela to protect Maduro are to be believed, it lends weight to his claim that there might be a civil war. Just like Russia protected Assad, he’ll likely survive. Thing is, the US has changed the way it wages war….armies for hire….that are trained and ‘backed’ to do the destabilization (think ISIS or FSA), with a handful of troops deployed to support the rebels. If this is what has been planned, reports of these militias will eventually trickle out. In the end, everyone loses whether s/he support Guaido or Maduro, when the country disintergrates.

No one, except the architects of the war, could have anticipated heroin from Afghan poppy fields flooding the world. This Venezuela situation seems so sudden, we don’t really know what the future promises or what it might trigger. Just my two cents….
Not everyone loses. One side has to lose. Whatever happens, I want Maduro and Russia to lose.
 





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#68
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#71