The US-backed Venezuelan opposition, which runs an imaginary parliament, wants a US court to declare a Venezuelan bond as invalid to try and soften the disaster brought by their complete bundling when in charge of CITGO
The strategy haw few chances of success, for several reasons, not least of them that when this National Assembly was actually running it *did not* formally declare the bond issued by the Maduro govt as illegal. A US-backed group was not about to challenge financial investors
.@Reuters will not let a short, straightforward piece get in the way of some outrageous lying. US sanctions have been classified as "collective punishment" against the Vzlan population, and these stenographer clowns write "sanctions against the Maduro govt" #SanctionsKill
More blatant lying. The Maduro gov't actually prioritized servicing these bonds (you can debate whether it was wise or not), but sanctions stopped it from continuing. Then the US installed a circus as an "interim govt" and they made sure it all went as terribly as possible
For more on CITGO and the multitude of threats against the company, check out the following infographic
🧵🧵🧵We just came across an incredible piece from the Financial Times (not in a good way). It has a remarkable blend of fallacious arguments, outright lies, bias, and lack of standards. This is a long thread, so bear with us!
This is the article in question from @FT (tinyurl.com/y32pmvtk). You can tell from the off that you're in for a ride because it's based on this assumption that the West "presses for free and fair elections" when this in fact has happened less frequently than Yeti sightings
FT "journalists" must get a bonus for every use of the word "authoritarian." It's not often that a piece starts w/ an outright falsehood, b/c "democracy" never left Venezuela, only the US didn't like election results. But this apocalyptic tone is worthy of a good chuckle
The @BBC is shocked, of course w/ its stiff-upper-lip propagandist style, to find out that... (you better sit down for this) the Venezuelan government wants to position its message on social media (gasp!). Yes, it will be hard to recover from this one (thread)
This is the article in question (bbc.com/news/blogs-tre…). In summary, the UK's state propaganda outlet is appalled to find out that the Venezuelan govt tries to do what it and other state/private channels do all the time. Exceptionalist delusion
Unless you're naive enough to believe giant tech platforms are a neutral playing field, it's quite reasonable to try and amplify the message to get over the noise and the well-funded propaganda coming from the enemy. Also, don't Western outlets just repeat the State Dept line?
US puppets of the world, unite! A fancy initiative featuring the who's who of US surrogates. It's quite
funny tbh. A "non-ideological gathering" (code for right wing) with a "commitment to freedom and democracy" (code for pushing US interests)
It features absolute muppets like Garry Kasparov and, as you'd expect, the Venezuelan representative is fascist poster boy Leopoldo López who is abroad fleeing charges and yearning for a US invasion that might restore what he thought was a God-given destiny to rule Venezuela
Needless to say, these spineless US puppets are always in favor of murderous sanctions. No amount of civilian deaths is regrettable as long as they get to seat on the throne and serve their imperial masters #SanctionsKill
🧵🧵More trouble for CITGO thanks to the treacherous incompetence of the former "interim government" led by legendary buffoon @jguaido. We'll have a report on this tomorrow but here's a quick thread in the meantime
In a nutshell, 4 more corporations have joined a Delaware court-ordered auction of CITGO shares to collect on a combined $1.6 billion worth of arbitration awards ($2.5B + accrued interests). This @Reuters piece has some details (+ traditional dishonesty): reut.rs/3TQFmml
To make a long story short, corporate-friendly arbitration courts ruled in favor of several companies in disputes w/ Venezuela (over nationalizations). And then a corporate-friendly judge ruled that they could seize CITGO shares as compensation to collect on those debts
Though there are plenty of mighty rivals, the @NYTimes remains the gold standard when it comes to imperialist propaganda. Let’s look at another example riddled with biased takes and outright falsehoods (nyti.ms/3LSaLDh) [thread]
This has all the corporate media hallmarks. First, a description of an “implosion” without any causes (first the oil price crash and then murderous US sanctions). And then the gratuitous “authoritarian” label to establish Maduro as the “bad guy” and thus justify regime-change
There are also typical inaccuracies. Sanctions did more than “decimate finances”, they affected every aspect of the economy. And the US hasn’t “scaled back” anything, it gave A SINGLE LICENSE to US corporation Chevron but w/ all sorts of hurdles so Venezuela doesn’t get income
Washington’s blockade against Venezuela has wreaked inestimable damage to the economy, destroying thousands of lives.
These deadly measures, imposed as “punishment” for defying the colonialist Monroe Doctrine, were designed to trigger regime change.
A summary 👇🧵
Venezuela's oil industry was re-nationalized by Hugo Chávez, breaking foreign corporations' control and putting resources at the service of the people with numerous social programs.
It is no coincidence that Washington targeted this industry with sanctions since 2017 👇
No sector of the Venezuelan economy has been spared by Washington's multi-pronged aggression, from mining operations to the banking system.
Even the country's 31 tonnes of gold (worth over $1.5bn) in the Bank of England (supposedly for safekeeping!) were seized! 👇