• 8 hours Welcome To The Used Car Bonanza
  • 1 day The Year Of The Retail Investor Keeps Getting Bigger
  • 2 days Airlines Could Recover, But Crew Remain Elusive
  • 2 days Meet The Man Behind The World's Most Exciting Oil Play
  • 4 days Crypto-Mining Immigration Could Be The Start Of A New Trend
  • 5 days Hawkish Fed Sends Gold Prices Crashing
  • 6 days Bezos Is Heading To Space This Sunday
  • 10 days El Salvador’s Surprise Bitcoin Move
  • 13 days Markets Unfazed As Inflation Hits 13-Year High
  • 13 days How the Token Economy is Disrupting Financial Markets
  • 16 days FBI Investigating 100 Types Of Ransomware Attacks
  • 17 days Fed Ends Corporate Credit Emergency Lending Program
  • 19 days AMC Becomes the Latest Winning Meme Stock After GameStop
  • 21 days The Real Reason Your 401k Has Been Lagging
  • 22 days China Lifts Cap On Births, Allows Three Children Per Couple
  • 23 days The Market Is Ripe For Another GameStop Saga
  • 26 days Senate Grills Big Banks Over Pandemic Opportunism
  • 28 days Cannabis Has A Major Cash Problem
  • 28 days Ransomware Netted Criminals $350M In 2020 Alone
  • 30 days Russia Is Taking On Google
Bezos Is Heading To Space This Sunday

Bezos Is Heading To Space This Sunday

The ongoing space race has…

Airlines Could Recover, But Crew Remain Elusive

Airlines Could Recover, But Crew Remain Elusive

American Airlines is canceling hundreds…

The EU Begins Backtracking On China Trade

The EU Begins Backtracking On China Trade

The European Union is planning…

  1. Home
  2. News
  3. Breaking News

Trump Weighs Full Economic Blockade On Venezuela

Trump

How much more US "pressure" can be brought to bear on Venezuela after Washington early this year went so far as to back a failed military coup attempt? Perhaps the Syria treatment: after covert war comes the long "blockade" and economic squeeze precipitating total societal collapse. Perhaps this is what the White House now has in mind after mainstream media attention on Venezuela and its 'alt-president' Juan Guaido has dropped off a cliff, via Reuters

U.S. President Donald Trump said on Thursday he was considering a quarantine or blockade of Venezuela, as the United States steps up pressure on President Nicolas Maduro to relinquish power.

Is this in addition to the near total oil blockade on state-owned PDVSA? No details were given in the Thursday statement in terms of what such a "quarantine" or "blockade" would look like. 

US-China trade talks resumed

However, an interesting reference to powerful external backers of the Maduro government was made, bringing up the possibility of a "proxy war" situation developing, as we've discussed previously. Reuters continued

Asked by a reporter whether he was considering such a measure, given the amount of involvement by China and Iran in Venezuela, Trump said: “Yes, I am.” He gave no details.

And there it is. While confirmation has remained murky, over the past months there's been widespread reports of Chinese and Russian military advisers working with the Venezuelan national forces. 

Many observers, however, consider recent Trump administration claims of a deep and extensive Hezbollah presence inside the Latin American socialist country a stretch. Secretary of State Mike Pompeo has repeatedly made the charge since at least February.

A month ago Pompeo told Fox Business, “People don’t recognize that Hezbollah has active cells” in the country. “The Iranians are impacting the people of Venezuela and throughout South America. We have an obligation to take down that risk for America,” he said. 

It's unclear what it would mean for the US to "take down that risk" — but Trump has expressed an unwillingness for "military options" in Venezuela, even recently saying he was "bored" with meddling in such a complex geopolitical climate, according to reports. 

Trump's new comments in response to "China and Iran" being in Venezuela appear to be a continuation of this "Hezbollah presence" theme. For now, it appears Hezbollah could be for Venezuela what WMD was for Iraq under the Bush administration: a pretext for extreme sanctions and eventual war.

By Zerohedge.com

More Top Reads From Safehaven.com

Back to homepage

Leave a comment

Leave a comment