This is the best article posted tonight. It’s long, but it explains much that is hidden about US foreign policy. From L. Reichard White at lewrockwell.com:
Maybe you’ve noticed the frenzied U.S. Government attempt to replace Venezuela’s duly elected hood-ornament — PresideNT Nicolas Maduro — with Juan Guaido, a nearly unknown U.S. prepped Venezuelan politician?
Why are they trying to do that?
With National. Security Advisor John Bolton suggesting a berth at Gitmo for Mr. Maduro if he doesn’t step down and flee the country — and Sen. Marco Rubio implying Muammar Gadaffi’s last minutes of life being intimate with a bayonett as another future for Mr. Maduro — “our” D.C. reprehensibles are displaying their unsavory colors.
Prominently showcasing this level of thuggery, usually hidden from polite society in smoke-filled back rooms, restricted C.I.A. workshops — and censored and classified “above top secret” for decades — marks a whole new phase in international relations.
With Mr. “Art of the Deal” Trump & Company seriously abusing the standard Games Theory and negotiation baseline — you know, “All options are on the table” — they’ve already (March 3, 2019) played the “suggest a U.S. invasion” card.
And pulling out all the Art of War stops too, Trump & Company — clearly with maximum arm twisting — have wheedled, cajoled, bribed, bullied, and/or threatened about one quarter of the world’s governments into suddenly proclaiming this relatively unknown to be PresideNT of Venezuela. Despite — or maybe because of — Mr. Maduro’s democratic victory last year (May 20, 2018.)
Merely labeling the democratically elected Maduro “dictator” while proclaiming unknown Guaido “PresideNT” — without an invasion or bloody revolution so far or even a vote — though ingenuous is pure Sun Tsu genius. If it works.
But why are they doing that?
When Saudi Arabia accepts yuan in payment for its oil the petrodollar standard will be over. From Nick Giaumbruno at internationalman.com:
As Doug Casey has correctly noted, the prime directive of any organism—whether it’s an amoeba or a person or a corporation or a government—is to survive.
That’s why the US government protects the petrodollar so zealously. It needs the system to survive.
World leaders who have challenged the petrodollar recently have ended up dead…
Why Everyone Uses the US Dollar… for Now
In the 1970s, the US government struck a series of deals with Saudi Arabia, creating the petrodollar system. The US promised to coddle and protect the Saudi kingdom. And, in exchange, Saudi Arabia would use its dominant position in OPEC to ensure that all oil transactions happened in US dollars.
Until recently, virtually anyone who wanted to import oil from any country needed US dollars to pay for it.
The dollar is just a middleman here. But countries and businesses use it in countless transactions amounting to trillions of dollars that have nothing to do with US products or services.
Plus, if foreign countries are already using dollars for oil, it’s just easier to use the dollar for other international trade. That’s why, in addition to oil sales, the US dollar is used for about 80% of all international transactions.
Take Saddam Hussein and Muammar Gaddafi, for example. Each led a large oil-producing country—Iraq and Libya, respectively. And both tried to sell their oil for something other than US dollars, before US military interventions led to their deaths.
In October 2000, Saddam had started to sell Iraqi oil for euros only. Iraq said it would no longer accept dollars for oil because it did not want to deal “in the currency of the enemy.”
A little over two years later, the US invaded. Immediately after Baghdad fell to US forces, all Iraqi oil sales were switched back to dollars.
To continue reading: The Cardinal Sin of International Finance