America
Coup d’état plan in Venezuela orchestrated with the US support
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 national debt hits record $40 trillion as borrowing accelerates
The US national debt has reached a record $40 trillion as borrowing expanded at a historic pace.
The development has heightened investor concern over the state of US public finances, despite Donald Trump’s pledge to bring spending under control.
Gross federal debt crossed the threshold on Tuesday, according to Treasury Department data published on Wednesday.
Calculations by the Financial Times show that debt climbed by $3 trillion over the past year, registering the fastest rate of increase in history outside the pandemic period.
Marc Goldwein, senior policy director at the Committee for a Responsible Federal Budget think tank, said:
“This is like a giant, flashing ‘check engine’ light. It doesn’t mean your engine will melt down tomorrow, but it is a clear sign that things have gotten quite out of hand. And it’s not just the size of the number; it’s the speed at which we’ve reached it.”
The US national debt has surged over the past two decades, climbing from below $6 trillion at the start of the century (about $12 trillion in 2026 dollar terms) as massive public spending during the financial crisis and the Covid-19 pandemic compounded enormous budget deficits.
In the past 10 years alone, the total debt load has doubled. Debt held by the public—a key gauge tracked by markets that excludes intra-governmental holdings—now exceeds $32 trillion, roughly equal to the size of the US economy.
The non-partisan Congressional Budget Office expects debt held by the public to surpass the post-Second World War record of 106% of GDP by the end of the decade and to reach 120% by 2036.
As borrowing increased, investors began demanding a higher premium to hold US bonds.
This has driven interest rates higher, leaving debt servicing costs larger than national defence spending.
The situation has created unease in Washington. On Wednesday, prior to the release of the debt data, the Treasury Department announced it would double its buybacks of long-term government debt in a bid to halt a recent sell-off.
Last week, the US paid its highest borrowing costs since 2001 to sell 30-year bonds.
Wednesday’s 10-year Treasury auction produced the highest yields since 2007 as investors fretted over the scale of the debt.
Ed Yardeni, president of Yardeni Research, said: “That is an awful lot of money being borrowed. It is going to feed on itself with interest expenses. If interest rates rise because of concerns about the high debt load, that will lead to even more interest expense. It’s a vicious cycle.”
Trump returned to office in 2025 promising to rein in “wasteful” government spending.
Treasury Secretary Scott Bessent pledged to reduce the budget deficit to 3% of GDP by the end of Trump’s term.
However, measures to trim spending in some areas were offset by broad tax cuts in the president’s signature 2025 fiscal legislation, the “One Big Beautiful Bill”, which will add more than $4 trillion to the debt by 2034.
Trump also requested an increase of more than 50% in annual defence spending, seeking $1.5 trillion in the largest budget request in US history.
The deficit fell to 5.9% of GDP in 2025 from 6.3% the previous year. The CBO expects the deficit to decline to 5.8% this year. The US national debt comprises years of accumulated deficits compounded by interest charges.
Analysts noted that both US political parties missed opportunities during periods of economic expansion to take significant steps toward curbing spending.
Calculations by the Congressional Joint Economic Committee indicate that over the past year, total national debt grew by roughly $7.9 billion a day, or approximately $91,000 per second.
Budget specialists said they hoped crossing the $40 trillion threshold would spur politicians from both parties to take meaningful steps to bring borrowing back under control.
Michael Peterson, head of the Peterson Foundation, a think tank dedicated to returning debt to a sustainable trajectory, said:
“My hope is that this serves as a national alarm and wake-up call to address our fiscal future. If we keep borrowing this much, we are going to face a day of reckoning in financial markets… People will wake up one day and decide: ‘You know what? I’m more worried about the United States now. I’m going to demand higher interest rates, or I’m going to put my money somewhere else.'”
America
Independent US oil firms set to sign output deals in Venezuela
Several independent US oil producers are expected to sign production contracts with Venezuela’s state-owned oil company in the coming days.
According to sources who spoke to Politico on condition of anonymity because details of the event have not yet been made public, a signing ceremony involving several small US producers and Petróleos de Venezuela (PDVSA) was scheduled to take place in Houston on Tuesday (18 August) evening.
One source said Venezuela’s oil minister and the head of PDVSA’s exploration division were scheduled to attend the ceremony. Another source added that the event could be postponed until Wednesday morning.
The White House, which did not immediately respond to a request for comment, was not expected to be officially involved in Tuesday’s ceremony.
However, the development follows a visit by senior officials to Caracas in late April, where they signed memorandums of understanding that established the framework for formal production agreements in the country, which holds some of the world’s largest oil reserves.
Despite the tailwind provided by high crude prices, negotiations had stalled over key details such as dispute resolution, while officials in Caracas contended with two devastating earthquakes in June that claimed thousands of lives.
Venezuela’s interim president, Delcy Rodríguez, announced new regulations last month that offer more favourable fiscal terms to international oil companies.
According to an industry source close to the negotiations, the signing of the contracts comes after the Trump administration renewed pressure on Rodríguez to ensure PDVSA concludes agreements with American firms.
The source said these efforts included outreach by Secretary of State Marco Rubio to discuss how increased oil revenues could assist the country following the devastating earthquake earlier this summer.
The source added:
“Delcy reached a renewed awareness that increased oil production is the way to rebuild after the earthquakes and to achieve what her government wants to do for the people suffering from the earthquakes.”
David Goldwyn, president of the international energy consultancy Goldwyn Global Strategies, said investments from independent oil producers and boosting output from existing fields would serve as the “primary source of new oil growth for the next few years” for Venezuela.
“While the oil majors are trying to buy time to see how the political situation clarifies and whether they can cherry-pick the best assets, independent companies can de-risk their projects in the short term,” Goldwyn said.
However, Goldwyn noted that these investments would add no more than 300,000 barrels per day to the country’s oil production over the next year, falling far short of the multi-million-barrel increase that officials in Caracas and Washington wish to see.
“Until the framework improves, electricity is restored, and the political picture becomes clear, all we will see is incremental production growth,” the strategist said.
America
US-Brazil rift widens over proposed sanctions and trade tariffs
Diplomatic tensions between the two countries remain at a peak as the US government considers new sanctions targeting a judge on Brazil’s Supreme Court.
According to sources familiar with the matter who spoke to the Financial Times (FT), the Trump administration is evaluating new measures against Justice Alexandre de Moraes, whom it sanctioned last year on human rights grounds before subsequently rescinding that decision.
Washington’s renewed focus on the magistrate threatens to widen the rift between Brazil and the US across trade and political spheres, casting a shadow over upcoming elections in Latin America’s largest nation.
A little over a year ago, De Moraes was subjected to sanctions under the Global Magnitsky Act. US Treasury Secretary Scott Bessent accused him at the time of engaging in a “repressive censorship campaign, arbitrary detentions that violate human rights, and politicized prosecutions,” including measures directed at former Brazilian President Jair Bolsonaro.
Bolsonaro, an ally of Donald Trump, was sentenced last year to 27 years in prison for plotting a coup.
However, sanctions targeting the judge, his wife, and a company owned by his family were lifted in December following a meeting and phone conversations between Trump and his Brazilian counterpart, Luiz Inacio Lula da Silva.
According to a source familiar with the matter who requested anonymity, US interest in De Moraes was revived partly due to a case that ignited a debate over press freedom in Brazil.
The judge authorized police raids against a journalist and two sources as part of an investigation into media coverage concerning a Supreme Court justice and his family.
De Moraes defended the action, arguing that the information in question had been illegally obtained and disclosed, thereby endangering the safety of the justice’s family.
The judge gained global prominence several years ago following a public conflict with Elon Musk, which briefly led to the billionaire’s X platform being blocked in Brazil.
Supporters say he “helped protect Brazilian democracy against a wave of misinformation.”
However, critics, including the Trump administration, view him as violating free speech rights.
“He went after the president’s supporters. Not just Elon Musk, but MAGA supporters in Brazil as well. Even if we want to build good relations with Brazil, it is clear that this man is an adversary,” said a person familiar with the US government’s thinking.
Another person stated that the reimposition of Magnitsky sanctions is “under evaluation,” noting that such sanctions entail the freezing of US-based assets and a prohibition on American companies and individuals conducting business with targeted parties.
While it remains unclear whether or when a decision will be reached, any such move would intensify an escalating retaliatory spiral between the two most populous countries in the Americas.
Tensions initially erupted more than a year ago when Trump imposed a 50% tariff on Brazil while demanding that prosecution proceedings against Bolsonaro be dropped.
That tariff was subsequently invalidated by the US Supreme Court.
A brief period of de-escalation since then has drawn to a close, with the US applying a 25% import tariff on numerous Brazilian products in July.
Last month, Brazil denied entry to two Trump envoys over concerns regarding potential interference in its upcoming October elections. Washington rejects those allegations.
Lula, who is seeking re-election for a fourth presidential term, suggested that the US might act to support his main opponent, Senator Flavio Bolsonaro, the jailed former leader’s son.
The 80-year-old president has also engaged in a sharp public exchange of words with US Secretary of State Marco Rubio.
On Sunday, thousands of supporters gathered to welcome Lula at a stadium in Sao Bernardo do Campo, an industrial suburb of Sao Paulo, for the official launch of his election campaign.
Lula originally achieved prominence in the area during the late 1970s as a union leader heading metalworkers’ strikes.
Speaking at the venue, Lula said, “I thank the working men and women of this country who believed that someone like themselves could achieve more than someone different from them. As long as I am alive, I will not stop fighting, and I will not allow the right [to prevail].”
-
Interview6 days agoDaniel Davis warns US strategy fails against Iranian defense grid
-
Diplomacy6 days agoErdogan blocked CIA-Mossad plan for armed Kurdish uprising in Iran, report says
-
America6 days agoAIPAC super PAC pours millions into key Democratic primary races
-
Middle East6 days agoUS considers land blockade on Iran involving Türkiye and neighbours
-
Interview2 weeks agoQuincy Institute expert says the United States had no plan B
-
Europe6 days agoUkraine uses British drones for long-range strikes deep inside Russia
-
Opinion2 weeks agoThe U.S. Economy and NATO’s Function
-
America6 days agoUS-Brazil rift widens over proposed sanctions and trade tariffs
