Tag Archives: Maduro

Venezuela Is About to Ditch the Dollar in Major Blow to US: Here’s Why It Matters

By Darius Shahtahmasebi. Published 9-8-2017 by The Anti-Media

Photo: YouTube


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 Venezuela will manage its currency in relation to other currencies and the foreign exchange market), along with a basket of currencies.

According to Reuters, Maduro was referring to Venezuela’s current official exchange rate, known as DICOM, in which the dollar can be exchanged for 3,345 bolivars. At the strongest official rate, one dollar buys only 10 bolivars, which may be one of the reasons why Maduro wants to opt for some of the weaker exchange rates. Continue reading

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A Few Unruly Students?

Photo credit Imgur

Photo credit Imgur

On February 18, in “Venezuela: Playing the Blame Game,” we talked about the protests taking place in Venezuela’s capitol, with concern of demonstrations spreading. Today, Al Jazeera reports “Venezuelan security forces and demonstrators have faced off in streets blocked by burning barricades in several cities in an escalation of protests against President Nicolas Maduro’s socialist government.”

Opposition leader Lopez surrendered himself to the authorities in a dramatic show with cheering crowds of thousands of supporters witnessing the event. Held on charges that include arson and criminal incitement stemming from a massive February 12 rally, a judge ruled today there is evidence to hold him. Lopez, a 42-year-old Harvard-educated economist, could face up to 10 years in prison.

Maduro, refusing to compromise or negotiate with the protestors, says that Lopez is in league with the US government and they would like to see a coup in the country.

Photo credit Imgur

Photo credit Imgur

Journalists have been arrested, beaten and tortured, and their equipment destroyed. The government now controls all broadcasting within Venezuela. “It’s important we have foreign media here. Our media is censored; we learn about our own country from outside sources,” a student at an opposition rally, Gauber Venot said.

At least six people have died since the unrest turned violent last week, with scores of injuries and arrests.

Occupy World Writes reaffirms our steadfast commitment of solidarity with all people who exercise peaceful assembly to protest grievances against their governments who have failed to address their most basic of needs.

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Venezuela: Playing the Blame Game

By durdaneta from Caracas, Venezuela (Bravo Pueblo #venezuela #12F #plazavenezuela) [CC-BY-2.0 (http://creativecommons.org/licenses/by/2.0)], via Wikimedia Commons

By durdaneta from Caracas, Venezuela (Bravo Pueblo #venezuela #12F #plazavenezuela) [CC-BY-2.0], via Wikimedia Commons

Have you been to Caracas lately? Chances are, if you are an American, you will be expelled from Venezuela as a result.

On Monday, 2-17-2014, three US diplomats were expelled, following expulsion of three diplomats in October on charges of stirring up labor protests, and two were also expelled earlier in 2013 on the day former President Chavez died of cancer. The US diplomats are accused of recruiting students to lead protests in the country’s recent unrest.

The U.S. State Department called the allegations “baseless and false,” adding that Washington supported free expression and peaceful assembly in Venezuela and around the world.

Demonstrations began when students and other opposition to current President Maduro called for his ousting, citing high inflation, violent crime and the shortages of many staples.  An arrest warrant has been issued for opposition leader Leopoldo Lopez, who has pledged to lead a march in the capital Caracas on Tuesday, 2-18.

Since the demonstrations began, the reporters’ trade union said 11 journalists have been arrested, some of whom were beaten and had their equipment stolen while covering the unrest. Additionally, Reuters reports,”Opposition activists say some detained student demonstrators have been tortured, while videos and photos circulating online show uniformed men firing on protesters. Maduro insists police have been restrained in the face of provocation and attacks.”

The government has blocked Twitter, attempted to block other social media outlets, and controls all the television and broadcasting facilities within Venezuela.

Although it remains to be seen if Venezuelans in general will join the students as their demonstrations spread to other cities in Venezuela, it is highly unlikely Maduro will acquiesce to any of the demands, nor will he relinquish “even a millimeter” of his power.

Did you notice the price of gas rose? Don’t look at the Middle East this time – look south!

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