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Coup d’état plan in Venezuela orchestrated with the US support

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Atilio Boron is an Argentine sociologist, political scientist, professor and writer. PhD in Political Science from Harvard University, who closely follows the political and geopolitical realities of Latin America and the world. On July 29, one day after the presidential elections were held in Venezuela, I met with Boron, in the lobby of the Gran Meliá hotel in Caracas, where part of the more than 1,000 international and national observers were staying. The electoral observers were invited by different institutions of the Venezuelan State to participate in the democratic event of the year in the Caribbean country.

By the time I conducted the interview, on Monday afternoon, a good part of the streets of the Venezuelan capital were filled with demonstrators, most of them protesting peacefully, demonstrating their disapproval of the result of the electoral elections on the 28th of July, when the majority of Venezuelans who exercised their right to vote elected the current president Nicolás Maduro for a new term (2025-2031). 

However, in parallel, a group of masked people moving in blocks of several dozen motorcycles began to violently take control of the city. Literally, Caracas began to burn and other cities in the country joined the protests, which had stopped being democratic and peaceful and turned into a civic Coup d’état with mercenaries paid by the Venezuelan and international extremist right.

In this context of growing tension and uncertainty, we interviewed the Argentine intellectual, who was also in Caracas as an international observer of the Venezuela election process. Days later I met again with Atilio Boron to complete the interview that was initially truncated. These are some of his impressions about what is happening in Venezuela today, a country under siege and at war, according to our interviewee.

Please, could you give us a balance of what happened in Venezuela the day after the re-election of Nicolás Maduro?

The balance I can give you is that the Carter Center, a renowned American institute, has been in Venezuela for more than two weeks, carrying out an evaluation of the Venezuelan electoral system. The Carter Center has said that the Venezuelan electoral process has the necessary conditions of reliability, transparency and honesty, and that they have not detected anything that has caught their attention, that is, they have not found any flaw in the system that, as of there, allows the popular will to be distorted or twisted. This is what this expert institute in electoral processes has declared about the presidential elections in Venezuela.

On the other hand, we have seen how, in front of more than 1,000 national and international observers – and after a demonstration of unquestionable force of the majority will of the Venezuelan population that achieved the re-election of President Nicolás Maduro with more than 6 million votes – violent and undemocratic sectors of the Venezuelan opposition are plotting an attempted coup d’état, something they have been announcing for some time.

The most fascist and retrograde expression of the Venezuelan opposition, led by María Corina Machado and company, has not only instigated, provoked, promoted, but has financed violent groups that live outside the law to generate chaos on the streets. They take advantage of the other part of the population that – after years of US blockade and suffocation – has suffered and endured needs of all kinds. This part of the population, whose electoral choice was not Nicolás Maduro, is exercising its legal and legitimate right to protest, and for the most part it is doing so peacefully.

However, the leaders of the opposition that came in second place in this electoral race, that is, that is called to be the majority opposition force to the Chavista government, launched a coup plan to ignore the Venezuelan electoral authority, the National Electoral Council (CNE), and to ignore the popular will. Are these the political actors who claim to be the democratic opposition to the government? It is nonsense to think that they really want the best for the Venezuelan people. They have always played at destabilization and unconstitutionally overthrowing the Chavista governments, once again they have demonstrated it, their plan is different. 

In conclusion, an international operation was mounted to ignore the victory of Nicolás Maduro. I have been in the profession for almost half a century and I would dare to say that I have never seen such a coordinated and systematic effort by the right and the international extreme right, supported by the hegemonic media in Latin America and the world. But no one has been able to prove fraud, because there has been no fraud. The Venezuelan opposition obtained a non-negligible proportion of votes, 5 million votes is an important number, but it is located in the historical statistics of votes, both those obtained by Chavismo and by the opposition, represented by 9 presidential candidates who faced each other Nicolás Maduro, although the most prominent opposition figure was Edmundo González, of the Venezuelan extreme right.

Do you consider that what we are seeing in the streets is spontaneous?

Not at all, it is absolutely planned, as I said it is a coup plan, orchestrated and with US support, as is usually the custom and as history has painfully demonstrated in Latin America and other regions of the world. Edmundo González, the buffoon candidate, and María Corina Machado had claimed fraud long before the presidential elections were held in Venezuela. They prepared the ground to make an indisputable fact questionable: the strength of democracy in Venezuela and the anti-fraud protection of the Venezuelan electoral system. 

As I said, the Carter Center, which we cannot say is a Chavista institute, has also said that the Venezuelan electoral process is one of the most complete and secure in the world. There is no way for the results to be manipulated in favor of one candidate or another, since it has countless security locks. Well, but the opposition continued to support that idea, the idea of ​​fraud, to reach this moment with arguments – most of them unfounded – that could light up the streets and give the image they were looking for, Venezuela in flames rejecting Nicolás Maduro. The objective is to erase from the mind the legacy of Chávez, of the Bolivarian Revolution and hand the country over to imperial and corporate interests.

Do you think Western sanctions have had an impact on these socio-economic problems?

I say that the opposition has spread mostly unfounded arguments, because in Venezuela there are real economic and social problems, low salaries, lack of certain goods and services in an important part of Venezuelan society. In this regard, I believe that President Nicolás Maduro was wrong when he said that this was a fight between good and evil. I believe that the Venezuelan president should have called, or summoned, spoken to that sector that negatively affects him in Venezuelan society, but it is a democratic sector and has suffered the effects of the United States economic sanctions. If this sector does not feel included, or feels attacked by the current government, it may take an attitude of not wanting to dialogue and this can have many consequences such as, for example, the increase in Venezuelan migration to other countries and regions of the world, as has already happened. 

However, I want to reaffirm that what María Corina Machado, Juan Guaidó, Leopoldo López and other Venezuelan opposition figures have done, calling for military intervention and increasing economic sanctions against their own country, in the United States or in any other country of the world, the world would have very serious criminal consequences.   

Regarding Venezuelan immigration, it is known that an uncertain number of several million Venezuelans had to migrate to many parts of the world. How have the country’s socio economic problems affected support for Maduro?  

I think migration in Venezuela is a drama. Whether there are three, four or five, no matter how many millions have emigrated, is a drama because people do not want to leave their countries. There are other places where there may be less attachment, but Venezuelans have an enormous attachment to their country and their way of life and, therefore, all those people who are abroad are suffering just as their families are.

Let’s imagine that outside of Venezuela there is the minimum number, 3 million Venezuelans, there are 3 million families with people abroad and that obviously must have affected the electoral result, especially if they have not known how to transfer or communicate that the well-being they are experiencing Venezuela is going to continue. And I believe that one of the opposition’s desires has been precisely to try to stop this economic well-being that had already brought back 150,000 people in the Return to the Homeland Mission, a public policy that was responsible for the return of emigrants. 

In a short horizon, 150,000 people have returned to Venezuela, a significant number, and it is given in the moment of economic recovery that the country was experiencing. I assume that, if this growth continues, some speak of figures of 7% of the GDP, I believe that the probability that more Venezuelans will return is very high and there also the Maduro Government will have to show that those who expelled that enormous number of Venezuelans were the US government with their sanctions and that those who returned them, the Venezuelans, to the country have been the Bolivarian government, because if they are not able to make that understood as well, I believe that this vote can become a rebound effect.

Do you think that if the opposition came to power, it would expel the Chavistas from the State, in line with Western and pro-Western demands?

I believe that the arrival of the opposition to power would be a catastrophe, because the Venezuelan opposition does not defend liberal principles, they do not respect those who do not think like them, they have a patrimonial conception of Power and State, they believe that Power belongs only to them and I think that they would govern as owners of a farm. 

And that is what also makes many leaders say that the opposition cannot win unless it assumes its democratic principles, because it is going to set everyone on fire. That is why even people like Javier Milei have said be careful, be careful because what María Corina Machado implies is crazy, not only for Venezuela, but it is crazy for the entire region.

If it turns out that the opposition won the elections, well, everyone would have to accept it. But of course, since it is not the case that on top of that a person who promises revenge, fire and ashes, on top of that, does not want to recognize the winning result of Nicolás Maduro, these are all elements outside the slightest logic of common sense.

Is Maduro still a popular leader for the Venezuelan people?

Nicolás Maduro is in communion with those 6 million people who voted for him last Sunday, July 28. There is credibility, there is a people absolutely in communion, even those who may have voted for Nicolás Maduro without agreeing with the policy. I think that when they voted for him, they trusted that he was better than the opposition and, therefore, they gave him a vote of confidence.

If this is added to the people who have already recovered levels of proximity, trust, and sympathy, such as those that Commander Chávez had at some point, I believe that it is also a positive element so that in the coming years a new direction that really makes this claim of a new Venezuela very anchored in the 21st century true.

AMERICA

US Treasury threat to countries hosting branches of Russian banks

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The US Treasury Department’s Office of Foreign Assets Control (OFAC) has threatened other countries that the opening of branches or subsidiaries of Russian banks abroad could be an attempt by Russia to evade sanctions imposed over the war in Ukraine.

OFAC warned foreign banks to exercise caution when dealing with newly opened foreign branches or subsidiaries of Russian financial institutions.

This warning includes entities not subject to US sanctions.

Foreign financial institutions dealing with such branches or affiliates should consider that they present significant sanctions risks, including account services, funds transfers or payments, trade finance, and other services such as insurance,’ the statement said.

However, it noted that transactions related to food, agriculture, medicine, energy, and telecommunications are still permitted activities.

OFAC stressed that the Treasury Department ‘has a number of tools at its disposal to thwart Russia’s attempts to finance its defence industry’. One such tool is the Bank Secrecy Act (BSA).

In 2021, the US amended the BSA to empower US regulators to request information from foreign banks with correspondent accounts in the US about any account, including information stored overseas, as part of investigations.

“OFAC’s new warning will lead to an expansion of the practice of closing accounts and suspending other related financial services,” said investment banker Yevgeny Kogan on his Telegram channel.

“The US Treasury has scared everyone so much that it now resembles racial discrimination. There are cases of reluctance to do business with people who do not live or work in Russia, but who also have a Russian passport or whose place of birth is listed in foreign citizenship as the Russian Federation/USSR,” Kogan added.

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AMERICA

US seizes Maduro’s plane

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The United States has seized Venezuelan President Nicolas Maduro’s plane after determining that its purchase violated US sanctions, among other “criminal matters”. The plane, seized in the Dominican Republic, was flown to Florida on Monday, two US officials said.

This sends a message all the way to the top,’ one of the US officials told CNN. The seizure of a foreign head of state’s plane is unheard of in criminal cases. We are sending a clear message here that no one is above the law, no one is above the reach of US sanctions,’ a US official told CNN.

The plane, described by officials as Venezuela’s equivalent of Air Force One, has also been seen during Maduro’s previous state visits around the world.

Dominican Republic President Luis Abinader said the plane seized by the US on Monday was registered ‘in the name of an individual’ and not the Venezuelan government.

Dominican Foreign Minister Roberto Álvarez said the country’s attorney general’s office had received an order from a national court last May to ‘immobilise’ the plane.

The minister said the US had requested the aircraft’s immobilisation in order to search for ‘evidence and objects related to fraudulent activities, smuggling of goods for illegal activities and money laundering’.

The Department of Justice has seized an aircraft that we allege was illegally purchased for $13 million through a shell company and smuggled out of the US for use by Nicolás Maduro and his cronies,’ US Attorney General Merrick Garland said in a statement.

The Department of Justice alleged that the aircraft, a Dassault Falcon 900EX, was purchased from a company in Florida and illegally exported from the US to Venezuela via the Caribbean in April 2023.

According to the Justice Department, the plane was used for Maduro’s international travel and “flew almost exclusively to and from a military base in Venezuela”.

The aircraft was seized for violations of U.S. sanctions against Venezuela and other criminal matters related to this aircraft that we are still investigating,’ Anthony Salisbury, special agent in charge of Homeland Security Investigations, told CNN.

A senior official in the Dominican Republic told CNN that Maduro’s plane was undergoing maintenance on Dominican territory at the time it was seized by US authorities.

The source added that the government had no record of Maduro’s private plane being in the country until it was seized.

According to one of the US officials, US authorities worked closely with the Dominican Republic, which notified Venezuela that the plane had been seized.

According to US officials, several federal agencies were involved in the seizure of the plane, including Homeland Security Investigations, Commerce agents, the Bureau of Industry and Security, and the Department of Justice.

Records show that the plane’s last registered flight was from Caracas to the Dominican capital, Santo Domingo, in March.

In a statement on Monday, the Venezuelan government described the seizure as ‘piracy’ and accused Washington of stepping up its ‘aggression’ against Maduro’s government following July’s presidential election.

Once again, in a recurring criminal practice that can only be described as piracy, the US authorities have illegally seized an aircraft used by the President of the Republic, justifying their action with the coercive measures they have illegally and unilaterally imposed around the world,’ the statement said.

The US has shown that it uses its economic and military power to intimidate and pressure states like the Dominican Republic to serve as ‘accomplices in criminal acts’, Venezuela said, adding that what had happened was ‘an example of the so-called ‘rules-based order’, which seeks to establish the law of the strongest in defiance of international law’.

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Fed’s ‘leading inflation’ expectations unchanged; eurozone inflation down to 2.2 per cent

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The Federal Reserve’s preferred measure of inflation held steady at 2.5 per cent in the 12 months to July, according to data released on Friday that could pave the way for the Fed to start cutting interest rates next month.

The Fed’s target for the headline personal consumption expenditure (PCE) index is 2 per cent annually. Core PCE, which strips out volatile food and energy costs, came in at 2.6 per cent, below expectations of 2.7 per cent.

The figures from the Commerce Department came after Fed chairman Jay Powell said last week that it was “time” to start cutting interest rates as inflation fell and the labour market slowed.

The core PCE data, which is expected after yesterday’s strong US growth data, plays an important role in the Fed’s assessment of inflation.

In the US, personal spending rose by 0.5% in July, in line with expectations, and personal income rose by 0.3%, slightly above expectations of 0.2%.

Core PCE measures the rate of inflation faced by consumers when purchasing goods and services, excluding food and energy prices.

US government bond prices fell slightly following the release of the data. The yield on the two-year Treasury note, which rises when prices fall, rose 0.03 percentage point during the day to 3.92%. The S&P 500 was up 0.7% shortly after the opening bell on Wall Street.

Eurozone inflation fell sharply in August to 2.2 per cent, the lowest level in three years.

The rate reinforced expectations that the European Central Bank (ECB) will cut interest rates next month.

Friday’s preliminary figure was in line with the 2.2 per cent forecast in a Reuters poll and below last month’s rate of 2.6 per cent.

The Eurostat data came after Germany and Spain this week reported sharper-than-expected declines in August.

France also reported on Friday that inflation fell to 2.2 per cent, but the figure was higher than expected and some economists attributed the drop to price pressures from the Paris Olympics.

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