By Rachael Boothroyd Rojas | Venezuelanalysis | December 6, 2017 An independent United Nations expert has publicly stated that Venezuela is not suffering from a humanitarian crisis following a recent trip to the country. Alfred De Zayas, an independent expert on International Democratic and Equitable Order at the United Nations (UN), visited Venezuela in late […]
Marxism taught me what society was. I was like a blindfolded man in a forest, who doesn’t know where north or south is. If you don’t eventually come to truly understand the history of the class struggle, or at least have a clear idea that society is divided between the rich and the poor, and that some people subjugate and exploit other people, you’re lost in a forest, not knowing anything.
— Fidel Castro
User habits, global internet and rare earths + this day in history w/the disappearance of Flight 19 and our song of the day by Bassnectar on your Morning Monarchy for December 5, 2017.
Ever since President Donald Trump’s imposition of U.S. financial sanctions against Venezuela in August, the Venezuelan state has confronted various difficulties trying to import medicines and foodstuffs not produced domestically.
The financial blockade directly affects routine international payments for goods and services.
(TFC) — Amid sanctions, a failing economy, international pressure, and low oil prices, the Venezuelan President has announced his nation will create an oil-backed cryptocurrency.
Sanctions spearheaded by the United States have taken their toll. Maduro’s handling of the crisis and his reliance on force has handed his opposition all the ammunition they need to paint him as a dictator with no idea of how to look out for the Venezuelan people.
Months after Russia became the first country to announce the creation of a state-backed Cryptorouble, Venezuela has followed suit, announcing the creation of El Petro, a state-sanctioned cryptocurrency to be backed by Venezuela’s extensive reserves of crude oil.
Venezuela has already broken free of Dollar dependence months ago when Caracas announced it would be trading its oil using China’s Petroyuan. Venezuelan President Nicolas Maduro also stated that he would like to begin trade with Russia in the Rouble.
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Over the years we have all heard a great deal about the great social achievements of the Bolivarian Revolution, the government subsidized health program Barrio Adentro, the subsidized food program Mercal, the housing mission which provides free and affordable government organized housing to the poor and middle class, the Canaima program which provides computer to students, Madres del Barrio and now Hogares de la Patria which provide government subsidies to housewives as a recognition of their domestic work, Amor Mayor, the government pension program, among so many other gre
Stories of distress from friends and relatives steadily increase, the text messages multiply from thousands of compatriots who have my phone number and my e-mail address, also via Twitter and Facebook and via my radio program “Meet The People.” They all have a common denominator, namely their justified indignation at the outlandish way the parallel dollar price is rigged and the consequent escalating speculation in private sector goods and services.
