Connect with us

Latest

Analysis

News

VENEZUELA: Open letter to President Nicolas Maduro

Dear Mr. President Maduro, You have the overwhelming support of the peoples of the world.

Published

on

2,385 Views

On 25 August President Trump signed an executive order slapping Venezuela with the most sweeping economic sanctions ever. They practically paralyze Venezuela, threaten to plunge her into famine. It’s an economic coup of the worst kind. It’s outright financial warfare. For all those western nations for which such unilateral actions by the Zionist-led Washington regime has become the new normal – it is one of the highest criminal assaults a nation can impose on another nation.

To be sure, this is an act of highest treason of international law. It is a war crime, as it endangers and threatens the lives of the Venezuelan people. Furthermore, Donald Trump, has the impunity to threaten Venezuela with an overt US military invasion. ‘Overt’ – because military and secret services, i.e. CIA personnel and their proxies, trained, funded and armed, are already for years fomenting unrest and death in the streets of Caracas and elsewhere in the country.

Justifying the measures, the White House said, “[they] are carefully calibrated to deny the Maduro dictatorship a critical source of financing to maintain its illegitimate rule.” The subsequent statement by Treasury Secretary Steven Mnuchin explains literally that these sanctions are aiming at ‘choking’ Venezuela into submission; however, that “exceptions will be made for a 30-day phase-in period and for certain transactions between the US and Venezuela, including petroleum exports and imports involving Citgo, PDVSA’s American unit, as well as financing for humanitarian efforts.”

How ‘human’ can Mr. Mnuchin, a former Goldman Sachs partner – still be called? How human is the entire Trump military entourage? How much humanity do such people have left? Three generals are calling the shots on Trump’s presidency. How more proof is needed for the world to see that Washington is run by the Pentagon – is a pure military-police state, with the populace stripped of 95% of their civil and human rights – by ever enhanced successive versions of the Patriot Act and related legislation? Humanity at its worst.

The venom and evil of our western society never stops to amaze me. How did we get here? The beginning may date back some 5000 years. But that’s a different story. We are living now, and have to eradicate this egocentric, blood-thirsty pathological greed society, greed economy, NOW – meaning now to spare as many lives as possible.

Trump’s stated reason for slamming Venezuela with sanctions – of course a lie, like everything coming out of Washington – is the recent popular vote for a National Constituent Assembly – ANC – Asamblea Nacional Constituyente (http://www.globalresearch.ca/venezuela-the-national-constituent-assembly-is-in-place-but-the-fight-for-sovereignty-isnt-over/5602402 ). It’s the utmost form of democracy – a National Assembly voted by the people. The opposition which vigorously boycotted the July 30, 2017 vote, are now complaining of having no seats on the ANC. Of course not. They presented no candidates.

According to both Jimmy Carter, former US President and head of the Carter Institute on monitoring international elections, as well as Noam Chomsky, MIT Professor of Linguistics and reputed scholar of geopolitics, Venezuela has the most thorough democracy in the Americas and arguably in the world. Obviously, this does not please the world’s Dictator – cum – Assassin-in-chief, the United States of America.

The largest tyrant in the world calls for atrocious ‘suffocating’ killer sanctions on a sovereign, oil- and gas rich nation in “Washington’s backyard”, under the pretext that it has gone from democracy to dictatorship which the tyranny of the north cannot tolerate, but in a gesture of generosity it grants Venezuela temporary ‘humanitarian’ relieve. What a sham!

The Trump administration, or any of his predecessors, couldn’t give a hoot about democracy and human rights in any of the countries they want to dominate. Quite to the contrary, what they want is installing chaos to be able to exploit the country’s natural resources; and that is what they consistently do. In the case of Venezuela – the world’s richest nation in hydrocarbon reserves – the objective is to retake the riches and put them back to where they were before President Chavez took over in 1998, namely under firm control of US petrol giants.

Venezuela will never tolerate this.

Curiously, it looks like Trump has been dictated to adopt a new doctrine of ‘the loots of war’. His recent declaration of increasing troops in Afghanistan – without time limit – clearly has to do with the mineral riches of that central Asian country, copper, cobalt, iron, barite, sulfur, lithium, lead, silver, zinc, niobium, and an estimated 1.4 million metric tons of rare-earth elements (REEs). The International Security Assistance Force (ISAF) estimates the total resources in the Afghan grounds in excess of US$ 1 trillion. Never mind that the US has already spent between US$ 1 and 2 trillion in the 16 years of illegal war in Afghanistan, resulting in massive killings, in tens of thousands of deaths.

In the case of North Korea, it’s iron ore, the US wants, plus, of course, strategic access to China and Russia. In Syria, it’s the infamous Qatari pipeline that would allow western petro-giants shipping trillions worth of oil and gas to Europe to the detriment of Russian’s European gas contracts. Bashar al Assad has refused the pipeline ever since the CIA approached him in 2008, and so did
his father already in the early 2000s. This refusal sealed Syria’s fate. In Venezuela, the intended theft is, of course, oil and gas.

It is of little importance that Trump is contradicting himself royally. His adamant and firm pre-election promises – no longer interference in far-away countries, no longer creating ‘democracies’ US style; in the future, the US will respect other countries’ lifestyle. “We will no longer use our force in foreign lands – these days are now over”.

Wonderful. Maybe he meant it. Like perhaps he really meant making peace with Russia. This is most likely the reason why he was elected. But, would Trump be so naïve, not to know that the military industrial complex wants – no, NEEDS war? This diabolical lot wants natural resources for eternal wars.

The vast majority of people want peace not war. They want to respect Venezuela’s sovereign democracy – not interfere with it. It’s their fascist puppet leaders (sic-sic) and those who make up the Latin American regional organizations that feel obliged to submit to the demands of the naked emperor.

The extractive industry, hydrocarbons, minerals has skyrocketed exponentially since the ascent of neoliberalism in the eighties like never before in modern history. The reasons are wars and conflicts. It is estimated that today almost two thirds of the plunders of worldwide extractive industries – an unspeakable calamity to human health, local communities and the environment – goes to the international military industrial complex, with the forerunner, the US of A.

———–

The new sanctions on Venezuela have become “common staple”, for all those vassals around the western globe, who for some obscure reason – for fear or for earning kudos? – bend over backwards to lick President Trump’s boots. Donald Trump, the megalo-psychopath, is a mere caricature of the American electorate. Trump’s opinion and policies dance in the wind as only an immature master can muster. Hence, the world is kept confused and on her toes, never quite sure when another bomb shell will be dropped.

Dear Mr. Maduro, this act of war can only be committed by the United States of America, because it commands our western dollar-based totally fraudulent, privately run, debt and usury based, monetary system – for profit of the FED and Wall Street banksters. Period. The western world is still enslaved to it – though on a steadily declining scale, but still not free. The east, Russia, China and the entire Shanghai Cooperation Organization (SCO) is rapidly detaching themselves from the dollar hegemony.

Venezuela – in my humble opinion – has to do likewise, as soon as possible. There is no time to ponder: detach from the dollar, with whatever implications of asset and monetary loss this may have; and it will, but it will whether you do or whether you don’t. The rabid dog of Washington never lets loose, it bites to the end, and it will never release confiscated assets. Proof is time and again all through the world, just look at Iran.

Venezuela may want to cut her losses and starting from scratch, linking closely with the economies of Russia and China, as she is already doing – but may need to move on a more rigorous and radical basis. No more deals in dollars. Stop all dollar / bolívar manipulations from Miami. The dollar has to become a banned currency for the public in Venezuela, strictly enforced by law, only to be used by government authorities. This is still the casein in Cuba, and Cuba has survived 60 years – and counting. No euros either. The euro is in the same league with the dollar. It has been created as the foster child of the dollar – fiat currency, no backing whatsoever.

New transactions are to take place only in local currencies and / or the currencies of Russia and China – through respective Central Bank swaps – and international payment systems, outside of the privately-run FED, Wall Street, BIS (Bank for International Settlement) and SWIFT, for example through the Chinese International Payment System (CIPS). Russia is about to launch a similar scheme, detached from the western-dominated financial transaction modes, like SWIFT. Once the new Russian international transfer system is in place, together with the Chinese CIPS, the western monopoly on international payments – and sanctions – will be completely upset. International trade will be reset to function outside the dollar hegemony. Russia’s, as well as China’s economies are fully backed by gold.
——–

Under these massive and sweeping financial sanctions, imposed on Venezuela thanks to the western monetary system, Venezuela is basically barred from any international financial transactions. There is a total banking blockade directed against the Venezuelan national oil and gas company, PDVSA- Petróleos de Venezuela SA, making direct hydrocarbon transactions impossible.

It is a stranglehold on Venezuelan’s economy – a recipe for starving a country and its population into submission, weakening it to be taken over – for plundering its resources. Venezuela will NEVER allow this to happen. Citgo, PDVSA’s US subsidiary, can no longer send back dividends to Venezuela – another blow to Venezuela’s foreign exchange earnings. There is a tacit threat, Citgo’s profits in the US may be confiscated – what else than highest treason of international law is this?

Venezuela has never done any harm to another nation. To the contrary, Venezuela has stood by other countries, helping them out with low cost credits and loans, with hydrocarbon at favorable prices, when the ‘market’ was abusive with artificially driven high prices, i.e. US$ 120 / barrel and higher, with the purpose to bleed developing countries into submission. Today, crude has dropped to US$ 47 / barrel, less than half of what it was 2 years ago. The same speculators are behind this drastic drop, another willful, ill-intended manipulation. Yes, by the Saudi vassals, but even more so by Wall Street and its chief executive mobster – Goldman Sachs, to hurt especially Venezuela, Iran and Russia.

This, Mr. Maduro, is an Economic Coup. It is outright financial warfare. It is criminal, illegal and punishable according to war crimes, if there was any international court in the world not yet ‘prostituted’ by the United States and its Deep Dark Zionist handlers. Blocking bank transactions with Venezuela / debt and equity swaps with creditors / debtors is a crime. Blocking Venezuela national oil company from selling hydrocarbon abroad is a crime.

Russia’s Rosneft bought a US$ 6 billion stake in in the Venezuelan PDVSA and acquired 49.9% collateral share in its US-based CITCO. This corresponds to about a 13% of Venezuela’s total production, almost the entire contingent is resold mainly in Latin America by Russia to Venezuela’s customers, despite US ‘sanctions’.

Venezuela might want to consider negotiating concession agreements or outright sales of larger portions of PDVSA to Rosneft and other Russian and Chinese petrol giants, to be repurchased once the crisis is over. Sweden has made such arrangements, nationalizing the banking sector to overcome their banking crisis in the 1990s; an elegant alternative to bailouts. It worked. Banks were later re-privatized. Russia might sell Venezuelan petrol throughout the world, with focus on honoring contracts with Venezuelan customers. No sanctions to be expected from the White House. Who could be sanctioned if transactions took place outside of the dollar economy?

Notwithstanding Trump’s threat of a direct military intervention in Venezuela, there is also a strong possibility of a US naval blockade of Venezuela’s ports. However, today, the US is no longer the sole master of the universe. Russia and China may be invited to form a counter-blockade and even to bring troops into Venezuela.

Russia’s intervention in Syria, at the behest of President Bashar Al-Assad has worked wonders; in fact, it has liberated Syria from the siege of NATO, the US, France, UK, Germany. All criminal nations, dancing to the tune of the dying emperor. Russia’s recent air force parade over the Pacific Ocean, the Sea of Japan, the Yellow Sea and the East China Sea, with nuclear-capable Tupolev-95MS bombers in the midst of the massive and provocative US-Japan-South Korea military exercises off the coast of the Korean Peninsula, has prompted Japan and South Korea to scramble jets to escort Russia’s Tupolevs. The Russian demonstration has had an impressive impact of respect. – Why would it not be a deterrent for a US navy blockade? Or to forego Trump’s threat of direct military intervention?

Peter Koenig is an economist and geopolitical analyst. He is also a former World Bank staff and worked extensively around the world in the fields of environment and water resources. He lectures at universities in the US, Europe and South America. He writes regularly for Global Research, ICH, RT, Sputnik, PressTV, The 4th Media (China), TeleSUR, The Vineyard of The Saker Blog, and other internet sites. He is the author of Implosion – An Economic Thriller about War, Environmental Destruction and Corporate Greed – fiction based on facts and on 30 years of World Bank experience around the globe. He is also a co-author of The World Order and Revolution! – Essays from the Resistance.

Liked it? Take a second to support The Duran on Patreon!
Advertisement
Click to comment

Leave a Reply

avatar
  Subscribe  
Notify of
Franz Kafka
Guest
Franz Kafka

Good letter Peter. It is shocking that the insane threats and dictums from the Anglo-Zionist, Talmudo-Satanist rogue state do not result in howls of censure from the media and calls for lynching by We the Pimple. More and more I want to promote a new global response to the USA and its tail, Israel – Quarantine. They deserve much worse but their two ocean-sized moats preclude any possibility of just revenge by the millions they have wronged and their surviving relatives. Quarantine will bring that about by other means.

Gonzogal
Guest
Gonzogal

comment image

christianblood
Guest
christianblood

(…Russia’s intervention in Syria, at the behest of President Bashar
Al-Assad has worked wonders; in fact, it has liberated Syria from the
siege of NATO, the US, France, UK, Germany. All criminal nations…)

Nato and U$ organizations are Satanic criminal entities in league with the Devilish ISIS and they must defeated everywhere. Nato is Hollywoodized Evil which is corrupting the world!
They must be defeated!

Gary Wells
Guest
Gary Wells

There were good ideas in this letter. I truly hope that Venezuela is able to maintain its independence and sovereignty. Perhaps, Venezuela could conduct a defensive military exercise and invite Russian/Chinese participation. Might seem a provocative, but any move they make except capitulation will be considered provocative. The US is one ugly beast.

Suzanne Giraud
Guest
Suzanne Giraud

Love this recipe to bits. Thank you, Peter Koenig.

IF there were any other government heads with an ounce of self-respect and love of their country and fellowmen, they could take his same recipe for breaking free of the fiat dollar ‘hegemony’, Yes?

DarkEyes
Guest
DarkEyes

Russian Federation with President Putin maybe?

Vera Gottlieb
Guest
Vera Gottlieb

I wish his articles would be shorter…too long.

Great Expectations
Guest
Great Expectations

Good letter. Am I right in thinking that I couldn’t find the name Rothschild anywhere, from start to finish? Because, without it, it’s not really giving the full picture.

Until enough people in the world have heard of and know the history and motives of the Rothschild funded Anglo American empire, nothing will change.

Tommy Jensen
Guest
Tommy Jensen

Here you have it:
comment image

Omar
Guest
Omar

Are you guys serious? First, a delusional letter that feeds on the absurd romanticism of the “Bolivarian Revolution”…and then a bunch of people in the comment section acclaiming it. This is disgusting. There is one thing all of you have in common: NONE of you seem to be Venezuelan. How many of you have seen your friends or family browsing piles of garbage looking for food?? Do you really think that Trump and the US are the one to blame after almost 20 years of chavista regime? Really? You guys will never know the fear of being pointed with a… Read more »

Bolivar
Guest
Bolivar

Long live Chavez, Maduro, & the Bolivariana Revolution…Omar is obviously a paid troll..

Tommy Jensen
Guest
Tommy Jensen

You have a point. The socialism is not always the emotional dream written. The question is whether the conditions will be better under US overrule and as American lapdog.

Latest

Skripal and Khashoggi: A Tale of Two Disappearances

Two disappearances, and two different responses.

Published

on

Authored by Finian Cunningham via The Strategic Culture Foundation:


Two disappearances, and two very different responses from Western governments, which illustrates their rank hypocrisy.

When former Russian spy Sergei Skripal went missing in England earlier this year, there was almost immediate punitive action by the British government and its NATO allies against Moscow. By contrast, Western governments are straining with restraint towards Saudi Arabia over the more shocking and provable case of murdered journalist Jamal Khashoggi.

The outcry by Western governments and media over the Skripal affair was deafening and resulted in Britain, the US and some 28 other countries expelling dozens of Russian diplomats on the back of unsubstantiated British allegations that the Kremlin tried to assassinate an exiled spy with a deadly nerve agent. The Trump administration has further tightened sanctions citing the Skripal incident.

London’s case against Moscow has been marked by wild speculation and ropey innuendo. No verifiable evidence of what actually happened to Sergei Skripal (67) and his daughter Yulia has been presented by the British authorities. Their claim that President Vladimir Putin sanctioned a hit squad armed with nerve poison relies on sheer conjecture.

All we know for sure is that the Skripals have been disappeared from public contact by the British authorities for more than seven months, since the mysterious incident of alleged poisoning in Salisbury on March 4.

Russian authorities and family relatives have been steadfastly refused any contact by London with the Skripal pair, despite more than 60 official requests from Moscow in accordance with international law and in spite of the fact that Yulia is a citizen of the Russian Federation with consular rights.

It is an outrage that based on such thin ice of “evidence”, the British have built an edifice of censure against Moscow, rallying an international campaign of further sanctions and diplomatic expulsions.

Now contrast that strenuous reaction, indeed hyper over-reaction, with how Britain, the US, France, Canada and other Western governments are ever-so slowly responding to Saudi Arabia over the Khashoggi case.

After nearly two weeks since Jamal Khashoggi entered the Saudi consulate in Istanbul, Turkey, the Saudi regime is this week finally admitting he was killed on their premises – albeit, they claim, in a “botched interrogation”.

Turkish and American intelligence had earlier claimed that Khashoggi was tortured and murdered on the Saudi premises by a 15-member hit squad sent from Riyadh.

Even more grisly, it is claimed that Khashoggi’s body was hacked up with a bone saw by the killers, his remains secreted out of the consulate building in boxes, and flown back to Saudi Arabia on board two private jets connected to the Saudi royal family.

What’s more, the Turks and Americans claim that the whole barbaric plot to murder Khashoggi was on the orders of senior Saudi rulers, implicating Crown Prince Mohammed bin Salman. The latest twist out of Riyadh, is an attempt to scapegoat “rogue killers” and whitewash the House of Saudi from culpability.

The fact that 59-year-old Khashoggi was a legal US resident and a columnist for the Washington Post has no doubt given his case such prominent coverage in Western news media. Thousands of other victims of Saudi vengeance are routinely ignored in the West.

Nevertheless, despite the horrific and damning case against the Saudi monarchy, the response from the Trump administration, Britain and others has been abject.

President Trump has blustered that there “will be severe consequences” for the Saudi regime if it is proven culpable in the murder of Khashoggi. Trump quickly qualified, however, saying that billion-dollar arms deals with the oil-rich kingdom will not be cancelled. Now Trump appears to be joining in a cover-up by spinning the story that the Khashoggi killing was done by “rogue killers”.

Britain, France and Germany this week issued a joint statement calling for “a credible investigation” into the disappearance. But other than “tough-sounding” rhetoric, none of the European states have indicated any specific sanctions, such as weapons contracts being revoked or diplomatic expulsions.

Canadian Prime Minister Justin Trudeau said he was “concerned” by the gruesome claims about Khashoggi’s killing, but he reiterated that Ottawa would not be scrapping a $15 billion sale of combat vehicles to Riyadh.

The Saudi rulers have even threatened retaliatory measures if sanctions are imposed by Western governments.

Saudi denials of official culpability seem to be a brazen flouting of all reason and circumstantial evidence that Khashoggi was indeed murdered in the consulate building on senior Saudi orders.

This week a glitzy international investor conference in Saudi Arabia is being boycotted by top business figures, including the World Bank chief, Jim Yong Kim, JP Morgan CEO Jamie Dimon and Britain’s venture capitalist Richard Branson. Global firms like Ford and Uber have pulled out, as have various media sponsors, such as CNN, the New York Times and Financial Times. Withdrawal from the event was in response to the Khashoggi affair.

A growing bipartisan chorus of US Senators, including Bob Corker, Marco Rubio, Lindsey Graham and Chris Murphy, have called for the cancellation of American arms sales to Saudi Arabia, as well as for an overhaul of the strategic partnership between the two countries.

Still, Trump has rebuffed calls for punitive response. He has said that American jobs and profits depend on the Saudi weapons market. Some 20 per cent of all US arms sales are estimated to go to the House of Saud.

The New York Times this week headlined: “In Trump’s Saudi Bargain, the Bottom Line Proudly Stands Out”.

The Trump White House will be represented at the investment conference in Saudi Arabia this week – dubbed “Davos in the Desert” by Treasury Secretary Steven Mnuchin. He said he was attending in spite of the grave allegations against the Saudi rulers.

Surely the point here is the unseemly indulgence by Western governments of Saudi Arabia and its so-called “reforming” Crown Prince. It is remarkable how much credulity Washington, London, Paris, Ottawa and others are affording the Saudi despots who, most likely, have been caught redhanded in a barbarous murder.

Yet, when it comes to Russia and outlandish, unproven claims that the Kremlin carried out a bizarre poison-assassination plot, all these same Western governments abandon all reason and decorum to pile sanctions on Russia based on lurid, hollow speculation. The blatant hypocrisy demolishes any pretense of integrity or principle.

Here is another connection between the Skripal and Khashoggi affairs. The Saudis no doubt took note of the way Britain’s rulers have shown absolute disregard and contempt for international law in their de facto abduction of Sergei and Yulia Skripal. If the British can get away with that gross violation, then the Saudis probably thought that nobody would care too much if they disappeared Jamal Khashoggi.

Grotesquely, the way things are shaping up in terms of hypocritical lack of action by the Americans, British and others towards the Saudi despots, the latter might just get away with murder. Not so Russia. The Russians are not allowed to get away with even an absurd fantasy.

Liked it? Take a second to support The Duran on Patreon!
Continue Reading

Latest

US-China trade war heats up as surplus hits record $34 Billion (Video)

The Duran – News in Review – Episode 136.

Alex Christoforou

Published

on

According to a report by the AFP, China’s trade surplus with the United States ballooned to a record $34.1 billion in September, despite a raft of US tariffs, official data showed Friday, adding fuel to the fire of a worsening trade war.

Relations between the world’s two largest economies have soured sharply this year, with US President Donald Trump vowing on Thursday to inflict economic pain on China if it does not blink.
The two countries imposed new tariffs on a massive amount of each other’s goods mid-September, with the US targeting $200 billion in Chinese imports and Beijing firing back at $60 billion worth of US goods.

“China-US trade friction has caused trouble and pounded our foreign trade development,” customs spokesman Li Kuiwen told reporters Friday.

But China’s trade surplus with the US grew 10 percent in September from a record $31 billion in August, according to China’s customs administration. It was a 22 percent jump from the same month last year.

China’s exports to the US rose to $46.7 billion while imports slumped to $12.6 billion.

China’s overall trade — what it buys and sells with all countries including the US — logged a $31.7 billion surplus, as exports rose faster than imports.

Exports jumped 14.5 percent for September on-year, beating forecasts from analysts polled by Bloomberg News, while imports rose 14.3 percent on-year.

While the data showed China’s trade remained strong for the month, analysts forecast the trade war will start to hurt in coming months.

China’s export jump for the month suggests exporters were shipping goods early to beat the latest tariffs, said ANZ’s China economist Betty Wang, citing the bounce in electrical machinery exports, much of which faced the looming duties.

“We will watch for downside risks to China’s exports” in the fourth quarter, Wang said.

Analysts say a sharp depreciation of the yuan has also helped China weather the tariffs by making its exports cheaper.

“The big picture is the Chinese exports have so far held up well in the face of escalating trade tensions and cooling global growth, most likely thanks to the competitiveness boost provided by a weaker renminbi (yuan),” said Julian Evans-Pritchard, China economist at Capital Economics.

“With global growth likely to cool further in the coming quarters and US tariffs set to become more punishing, the recent resilience of exports is unlikely to be sustained,” he said.

According to Bloomberg US President Donald Trump’s new U.S.-Mexico-Canada Agreement isn’t that different from the North American Free Trade Agreement that it replaced. But hidden in the bowels of the new trade deal is a clause, Article 32.10, that could have a far-reaching impact. The new agreement requires member states to get approval from the other members if they initiate trade negotiations with a so-called non-market economy. In practice, “non-market” almost certainly means China. If, for example, Canada begins trade talks with China, it has to show the full text of the proposed agreement to the U.S. and Mexico — and if either the U.S. or Mexico doesn’t like what it sees, it can unilaterally kick Canada out of the USMCA.

Although it seems unlikely that the clause would be invoked, it will almost certainly exert a chilling effect on Canada and Mexico’s trade relations with China. Forced to choose between a gargantuan economy across the Pacific and another one next door, both of the U.S.’s neighbors are almost certain to pick the latter.

This is just another part of Trump’s general trade waragainst China. It’s a good sign that Trump realizes that unilateral U.S. efforts alone won’t be enough to force China to make concessions on issues like currency valuation, intellectual-property protection and industrial subsidies. China’s export markets are much too diverse:

If Trump cuts the U.S. off from trade with China, the likeliest outcome is that China simply steps up its exports to other markets. That would bind the rest of the world more closely to China and weaken the global influence of the U.S. China’s economy would take a small but temporary hit, while the U.S. would see its position as the economic center of the world slip into memory.

Instead, to take on China, Trump needs a gang. And that gang has to be much bigger than just North America. But most countries in Europe and East Asia probably can’t be bullied into choosing between the U.S. and China. — their ties to the U.S. are not as strong as those of Mexico and Canada. Countries such as South Korea, Germany, India and Japan will need carrots as well as sticks if they’re going to join a U.S.-led united trade front against China.

The Duran’s Alex Christoforou and Editor-in-Chief Alexander Mercouris discuss the escalating trade war between the United States and China, and the record trade surplus that positions China with a bit more leverage than Trump anticipated.

Remember to Please Subscribe to The Duran’s YouTube Channel.

Follow The Duran Audio Podcast on Soundcloud.

Via Zerohedge Trump Threatens China With More Tariffs, Does Not Seek Economic “Depression”

US equity futures dipped in the red after President Trump threatened to impose a third round of tariffs on China and warned that Chinese meddling in U.S. politics was a “bigger problem” than Russian involvement in the 2016 election.

During the same interview with CBS’s “60 Minutes”, in which Trump threatened to impose sanctions against Saudi Arabia if the Saudis are found to have killed WaPo reported Khashoggi, and which sent Saudi stock plunging, Trump said he “might,” impose a new round of tariffs on China, adding that while he has “great chemistry” with Chinese President Xi Jinping, and noting that Xi “wants to negotiate”, he doesn’t “know that that’s necessarily going to continue.” Asked if American products have become more expensive due to tariffs on China, Trump said that “so far, that hasn’t turned out to be the case.”

“They can retaliate, but they can’t, they don’t have enough ammunition to retaliate,” Trump says, “We do $100 billion with them. They do $531 billion with us.”

Trump was also asked if he wants to push China’s economy into a depression to which the US president said “no” before comparing the country’s stock-market losses since the tariffs first launched to those in 1929, the start of the Great Depression in the U.S.

“I want them to negotiate a fair deal with us. I want them to open their markets like our markets are open,” Trump said in the interview that aired Sunday. So far, the U.S. has imposed three rounds of tariffs on Chinese imports totaling $250 billion, prompting China to retaliate against U.S. products. The president previously has threatened to hit virtually all Chinese imports with duties.

Asked about his relationship with Vladimir Putin and the Kremlin’s alleged efforts to influence the 2016 presidential election, Trump quickly turned back to China. “They meddled,” he said of Russia, “but I think China meddled too.”

“I think China meddled also. And I think, frankly, China … is a bigger problem,” Trump said, as interviewer Lesley Stahl interrupted him for “diverting” from a discussion of Russia.

Shortly before an audacious speech by Mike Pence last weekend, in which the US vice president effectively declared a new cold war on Beijing (see “Russell Napier: Mike Pence Announces Cold War II”), Trump made similar accusations during a speech at the United Nations last month, which his aides substantiated by pointing to long-term Chinese influence campaigns and an advertising section in the Des Moines Register warning farmers about the potential effects of Trump’s tariffs.

Meanwhile, in a rare U.S. television appearance, China’s ambassador to the U.S. said Beijing has no choice but to respond to what he described as a trade war started by the U.S.

“We never wanted a trade war, but if somebody started a trade war against us, we have to respond and defend our own interests,” said China’s Ambassador Cui Tiankai.

Cui also dismissed as “groundless” the abovementioned suggestion by Vice President Mike Pence that China has orchestrated an effort to meddle in U.S. domestic affairs. Pence escalated the rhetoric in a speech Oct. 4, saying Beijing has created a “a whole-of-government approach” to sway American public opinion, including spies, tariffs, coercive measures and a propaganda campaign.

Pence’s comments were some of the most critical about China by a high-ranking U.S. official in recent memory. Secretary of State Michael Pompeo got a lecture when he visited Beijing days later, about U.S. actions that were termed “completely out of line.” The tough words followed months of increases tit-for-tat tariffs imposed by Washington and Beijing that have ballooned to cover hundreds of billions of dollars in bilateral trade.

During a recent interview with National Public Radio, Cui said the U.S. has “not sufficiently” dealt in good faith with the Chinese on trade matters, saying “the U.S. position keeps changing all the time so we don’t know exactly what the U.S. would want as priorities.”

Meanwhile, White House economic director Larry Kudlow said on “Fox News Sunday” that President Donald Trump and Chinese President Xi Jinping will “probably meet” at the G-20 summit in Buenos Aires in late November. “There’s plans and discussions and agendas” being discussed, he said. So far, talks with China on trade have been “unsatisfactory,” Kudlow said. “We’ve made our asks” on allegations of intellectual property theft and forced technology transfers, he added. “We have to have reciprocity.”

Addressing the upcoming meeting, Cui said he was present at two previous meetings of Xi and Trump, and that top-level communication “played a key role, an irreplaceable role, in guiding the relationship forward.” Despite current tensions the two have a “good working relationship,” he said.

Liked it? Take a second to support The Duran on Patreon!
Continue Reading

Latest

BREAKING: Explosion in Crimea, Russia kills many, injuring dozens, terrorism suspected

According to preliminary information, the incident was caused by a gas explosion at a college facility in Kerch, Crimea.

The Duran

Published

on

“We are clarifying the information at the moment. Preliminary figures are 50 injured and 10 dead. Eight ambulance crews are working at the site and air medical services are involved,” the press-service for the Crimean Ministry of Health stated.

Medics announced that at least 50 people were injured in the explosion in Kerch and 25 have already been taken to local hospital with moderate wounds, according to Sputnik.

Local news outlets reported that earlier in the day, students at the college heard a blast and windows of the building were shattered.

Putin Orders that Assistance Be Provided to Victims of Blast in Kerch – Kremlin Spokesman

“The president has instructed the Ministry of Health and the rescue services to take emergency measures to assist victims of this explosion, if necessary, to ensure the urgent transportation of seriously wounded patients to leading medical institutions of Russia, whether in Moscow or other cities,” Kremlin spokesman Dmitriy Peskov said.

The president also expressed his condolences to all those affected by the tragic incident.

Manhunt Underway in Kerch as FSB Specialists Investigate Site of Explosion – National Anti-Terrorist Committee

The site of the blast that rocked a city college in Kerch is being examined by FSB bomb disposal experts and law enforcement agencies are searching for clues that might lead to the arrest of the perpetrators, the National Anti Terrorism Committee said in a statement.

“Acting on orders from the head of the NAC’s local headquarters, FSB, Interior Ministry, Russian Guards and Emergency Ministry units have arrived at the site. The territory around the college has been cordoned off and the people inside the building evacuated… Mine-disposal experts are working at the site and law enforcement specialists are investigating,” the statement said.

Terrorist Act Considered as Possible Cause of Blast in Kerch – Kremlin Spokesman

“The tragic news that comes from Kerch. Explosion. The president was informed … The data on those killed and the number of injured is constantly updated,” Peskov told reporters.

“[The version of a terrorist attack] is being considered,” he said.

Liked it? Take a second to support The Duran on Patreon!
Continue Reading

JOIN OUR YOUTUBE CHANNEL

Your donations make all the difference. Together we can expose fake news lies and deliver truth.

Amount to donate in USD$:

5 100

Validating payment information...
Waiting for PayPal...
Validating payment information...
Waiting for PayPal...
Advertisement

Advertisement

Quick Donate

The Duran
EURO
DONATE
Donate a quick 10 spot!
Advertisement
Advertisement

Advertisement

The Duran Newsletter

Trending