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Bank Of England Urged To Hand Over Venezuela’s Gold To Guaidó

Guaidó has already written to Theresa May asking for the funds to be sent to him.

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Via Zerohedge


Just hours after The Bank of England refused to hand over $1.2 billion of Venezuela’s gold from its custody vaults (stored there after the completion of a gold-swap transcation with Deutsche Bank) to President Maduro (after heavy lobbying from US officials), The Guardian reports that a UK foreign office minister is now urging the same Bank of England to transfer the bullion to the self-proclaimed interim leader Juan Guaidó.

In a statement to British MPs, Sir Alan Duncan said the decision was a matter for the Bank and its governor, Mark Carney, and not the government. But he added:

“It is they who have to make a decision on this, but no doubt when they do so they will take into account there are now a large number of countries across the world questioning the legitimacy of Nicolás Maduro and recognising that of Juan Guaidó.”

Guaidó has already written to Theresa May asking for the funds to be sent to him.

The former chair of the foreign affairs select committee Crispin Blunt said the current Venezuelan central bank president was not legitimate, since he had not been appointed by the country’s national assembly.

Blunt has sent letters to the foreign secretary, Jeremy Hunt, and to the chancellor, Philip Hammond, urging a decision.

Notably, the reason the BoE initially gave for its initial refusal to release was due to its insistence that standard measures to prevent money-laundering be taken – “including clarification of the Venezuelan government’s intentions for the gold.”

“There are concerns that Mr. Maduro may seize the gold, which is owned by the state, and sell it for personal gain,” the newspaper said.

Separately, as we reported previously an official told Reuters that the repatriation plan has been held up for nearly two months due to difficulty in obtaining insurance for the shipment, needed to move a large gold cargo:

“They are still trying to find insurance coverage, because the costs are high,” an official told Reuters.

All of which appears to have suddenly been swept under the carpet now Guaidó has been installed.

Duncan said Hunt would be discussing the next steps in the European Union’s efforts to support Guaidó in Bucharest on Thursday.

However, it’s not a done deal yet as  shadow foreign secretary, Emily Thornberry, cautioned against a rush to oust Maduro:

“Judging by its record in recent years, the Maduro government fits none of those descriptions, but I would also believe that it is a mistake in situations like this simply to think that changing the leader will automatically solve every problem, let alone the kind of US-led intervention being threatened by Donald Trump and [the US national security adviser] John Bolton.

Nevertheless, with much of the Western world now backing Guaidó in his coup, it seems the gold bullion will be winging its way to The Assembly’s coffers very soon.

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Olivia KrothShaun RamewevethIntentYou can call me AL Recent comment authors
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Terry
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Terry

If this gold is sent, it will no doubt be placed in US hands “temporarily , and for safe keeping”.
As for other points , it appears the West now does not only refuse to recognise the Maduro government, but also the country’s Supreme Court and now the country’s Central Bank. Any recent mention by the West of supporting Venezuela’s sovereignty?

MIke
Guest
MIke

the country’s Supreme Court??? Its a big joke of Maduro’s friend! They even broke apart the legitimately elected National Assembly. Imagine the US supreme court declaring the lower chamber shut down? Now imagine the same in your country. The guy is a dictator and everyone knows it. But I agree that Russia and China should get their loans reimbursed.

Bjørn
Guest
Bjørn

Get your facts straight. The Venezuelan Supreme court deemed that 3 districts in the general election for the national assembly had to have a revote due to irregularities. The National Assembly refused – thus forcing the Supreme Court to disband the assembly. Analogue would be kongress refusing to comply with a US Supreme Court ruling. National assembly overplayed their hand and acted unconstitutionally.

rmm
Guest
rmm

The young fellow – he’s just 35 – is just a puppet, not a dictator. He does what he’s told. Trump wants that gold, and the UK concurs, so the little chappie asks for it.

Kaput
Member

he will soon vanish………….. evaporated………..

Olivia Kroth
Guest

TELESUR reports that the Prosecutor of Venezuela has initiated a preliminary investigation against opposition activist Guaidó for his responsibility in the events that “have damaged the peace of the Republic, the economy and the national patrimony.”

He is implicated in the violent protests resulting in death, as well as in coercive measures carried out by the United States (US) against Venezuela, the prosecutor explained. All of these occurred during January of this year.

The Prosecutor of Venezuela asks for precautionary measures against Guaido: prohibition of leaving the country, freezing of his accounts, seizure of his possessions in the country.

https://www.telesurtv.net/news/venezuela-fiscalia-juan-guaido-investigacion-medidas-cautelares-20190129-0020.html

Olivia Kroth
Guest

Meanwhile the Russian State News Channel “Rossija 1” also reports that a court in Venezuela has banned opposition leader Juan Guaido from traveling outside the republic and decided to block access to his bank accounts. Warrants for his detention do not yet exist. And Russia’s “Ruptly” reports the same: “Venezuela’s Supreme Court banned opposition leader Juan Guaido from leaving the country and froze his bank accounts at a session in Caracas on Tuesday. The head of the National Assembly is “prohibited from leaving the country without authorisation” until an investigation is completed, court president Maikel Moreno said. The Supreme Court,… Read more »

Olivia Kroth
Guest

You can call me AL
Guest
You can call me AL

Put a picture of him, next to Macron and Trudeau; any similarities ?. This latest coup is about the oil, saving the petro$, the buying out (for peanuts) or the taking of PVDSA, stopping the growing Venezuelan relationship with Russia and China, in debiting Venezuela to take out IMF loans – then it is another puppet government in the horror bag of the US. It is shocking and against all International laws.

Olivia Kroth
Guest

$840M in gold bars prepared for loading onto Russian jet at Venezuelan airport: report

https://www.foxnews.com/world/russian-plane-in-venezuela-takes-20-tons-of-gold-flies-to-unknown-location-lawmaker-claims

About 20 tons of gold from Venezuela’s central bank was ready to be hauled away Tuesday on a Russian airline’s Boeing 777 that landed in Caracas a day earlier, a Venezuelan lawmaker wrote on Twitter.

Noticias Venezuela, a news outlet in the country, posted a photo of what it identified as a Nordwind Airlines plane from Moscow that made the trip with two crews aboard.

You can call me AL
Guest
You can call me AL

Thanks for the news. Surprisingly, I am split on this, until I have proof of reasons. If this is gold for financial / military / economic support, Russia would drop in my ratings, if this was protection of their own gold, Russia would still stay at 100, but I’ll chick in a star.

We’ll see.

Olivia Kroth
Guest

We’ll probably never know why the gold was transported from Venezuela to Russia. It will remain a well-guarded state secret.

veth
Guest
veth

Russians love to steal

Olivia Kroth
Guest

Under President Hugo Chavez all of Venezuela’s gold was retrieved from London back home. The news media reported about it at length.

I wonder why his successor, President Nicolas Maduro of Venezuela, gave his country’s gold to the treacherous Bank of England again? That was not very clever or cautious. Now he will have trouble getting it back, as the British are well-known thieves. They have a long history of exploiting colonial countries, and they are treating Venezuela as such.

MIke
Guest
MIke

You mean Maduro will have trouble stealing the gold for himself has he and Chavez have been doing for so long! Talk with Venezuelan people before drinking the free kool-aid served by your pro-russian media.

Kaput
Member

what is the difference between them all then ?????? Maduro is a babe compared to the roths lol JUst please have the courage to spell it out……………………. the petrodollar is toilet paper…….. get my drift ????? no more green garbage from most part of the entire world…. the ones that matter obviously. Get youself a good German car……….. before you go broke.

You can call me AL
Guest
You can call me AL

Rothschild. Is that a banned word on here ?; well, let’s find out.

cstahnke
Guest
cstahnke

This is not about asking some folks here and there. Elections, according to European observers since Chavez came to power have been very clean, particularly if compared to the USA. That’s where the people choose their leaders in democracies. The rich in Venezuela who support US favorable policies appear to not have much popular support. At any rate, it is a violation of international law to steal money from a legitimate government or to intervene in overthrowing a gov’t not that has stopped the US from instigating dozens of coups and military invasions.

Shaun Ramewe
Guest
Shaun Ramewe

That’s funny – if Chavez and Maduro had stolen it (kind of hard for the latter if the former already had) then why is it with the Bank of England??

Olivia Kroth
Guest

I know that Hugo Chavez did not trust the Bank of England at all. He hauled all of Venezuela’s gold back home and stored it in the vaults of Bank of Venezuela in Caracas, while he was alive.

After his death, Nicolas Maduro continued his policies. Therefore I find it astounding to read in the latest news that the Bank of England has Venezuelan gold. I thought it was all in Caracas and that Maduro kep it there.

Strange ….

Sally Snyder
Guest
Sally Snyder

As shown in this article, there is one key reason why Washington pays any attention to what happens in Venezuela:

https://viableopposition.blogspot.com/2019/01/why-washington-cares-about-venezuela.html

While the United States is currently experiencing an oil production windfall, the high decline rates of non-conventional oil production (i.e. fracking/horizontal drilling) will ultimately result in a very significant need for additional imports of oil.

Kaput
Member

finally someone with brains………… not only the oil, gold, the Amazon etc…………. but the petrodollar being doomed. Also Marguerita is such a magnificent place for the boyes…… even the girlies are cute, not big fat sausages.

Gio Con
Guest
Gio Con

One unelected stooge asking another unelected stooge to commit theft of the Venezuelan people.

AM Hants
Member
AM Hants

WTF is going on. Who voted him in? Usual regime change crowd. Cannot see the Bank of England handing over the gold. There again the first thing that happens during the regime change programme. the gold disappears. Just like in Ukraine, Libya and so many other nations.

Feudal Peasant
Guest

This would be insane.

Cap
Guest
Cap

Questions Where is Libya’s gold? Will the Venezuela gold be transferred there too?

Olivia Kroth
Guest

Yes! It will be transferred into the pockets of some rich neocons.

Olivia Kroth
Guest

The Bank of England cannot hand over Venezuela’s gold to Guaido because it will be confiscated right away by the Venezuelan Government. So the gold will stay in the Bank of England vaults, where some British vultures will help themselves …

Intent
Guest
Intent

What the??? A number of Countries “questioning” the legitimacy of some other countries duly and officially elected President? Exactly what does it take to “question”? Under whose authority does “questioning” become “official” enough to override internal sovereignty of a community memeber of the UN? As far as I can see it isn’t President Maduro, as a personal individual, who has demanded the return delivery of Venezueala’s gold. It is an Official demand of the depositor of record, The Country of Venezuela! To distribute the material to anyone but the Government of Venezuela (National Bank of Venezuela NOT some private cartel… Read more »

Shaun Ramewe
Guest
Shaun Ramewe

A totally corrupt and illegal act – the Bank of England deserves to go down if it engages in such a traitorous deed.

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Macron cuts ski holiday short, vowing crack down on Yellow Vests (Video)

The Duran Quick Take: Episode 109.

Alex Christoforou

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The Duran’s Alex Christoforou and Editor-in-Chief Alexander Mercouris discuss the 18th consecutive week of Yellow Vests protests in Paris. Following last weeks lower participation, Saturday’s Yellow Vests in Paris gathered larger crowds, with various outbreaks of violence and rioting that has been blamed on extreme elements, who French authorities claim have infiltrated the movement.

“Act XVIII” of the protests has shown that the Yellow Vests have not given up. France’s Champs-Élysées boulevard was where most of the violence occurred, with the street being left in a pile of broken glass and flames.

One day after Paris was set ablaze, French President Emmanuel Macron cut his ski holiday short, returning to Paris and vowing to take “strong decisions” to prevent more violence.

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Via Zerohedge


Paris awoke on Sunday to smouldering fires, broken windows and looted stores following the 18th consecutive Saturday of Yellow Vest protests.

Around 200 people were arrested according to BFM TV, while about 80 shops near the iconic Champs Elysees had been damaged and/or looted according to AFP, citing Champs Elysees committee president Jean-Noel Reinhardt.

The 373-year-old Saint Sulpice Roman Catholic church was set on fire while people were inside, however nobody was injured. The cause of the fire remains unknown.

The riots were so severe that French President Emmanuel Macron cut short a vacation at the La Mongie ski resort in the Hautes-Pyrénées following a three-day tour of East Africa which took him to Djibouti, Ethiopia and Kenya.

Macron skied on Friday, telling La Depeche du Midi “I’m going to spend two-three days here to relax, to find landscapes and friendly faces,” adding “I’m happy to see the Pyrenees like that, radiant, although I know it was more difficult at Christmas” referring to the lack of snow in December.

In response to Saturday’s violence, Macron said over Twitter that “strong decisions” were coming to prevent more violence.

Macron said some individuals — dubbed “black blocs” by French police forces — were taking advantage of the protests by the Yellow Vest grassroots movement to “damage the Republic, to break, to destroy.” Prime Minister Edouard Philippe said on Twitter that those who excused or encouraged such violence were complicit in it. –Bloomberg

The French President has family ties in the Hautes-Pyrénées, including Bagnères de Bigorre where his grandmother lived. He is a regular visitor to the region.

Emmanuel Macron (2ndL), head of the political movement In Marche! (Onwards!) And candidate for the 2017 presidential election, and his wife Brigitte Trogneux (L) have lunch April 12, 2017 (Reuters)

 

 

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Vesti calls out Pompeo on lying about Russia invading Ukraine [Video]

Secretary Pompeo displayed either stunning ignorance or a mass-attack of propaganda about what must be the most invisible war in history.

Seraphim Hanisch

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After the 2014 Maidan revolution and the subsequent secessions of Lugansk and Donetsk in Ukraine, and after the rejoining of Crimea with its original nation of Russia, the Western media went on a campaign to prove the Russia is (/ was / was about to / had already / might / was thinking about / was planning to … etc.) invade Ukraine. For the next year or so, about every two weeks, internet news sources like Yahoo! News showed viewers pictures of tanks, box trucks and convoys to “prove” that the invasion was underway (or any of the other statuses confirming the possibilities above stated.) This information was doubtless provided to US Secretary of State, Mike Pompeo.

Apparently, Secretary Pompeo believed this ruse, or is being paid to believe this ruse because in a speech recently, he talked about it as fact:

U.S. Secretary of State Mike Pompeo called Russia’s annexation of Crimea and aggression in eastern Ukraine an attempt to gain access to Ukraine’s oil and gas reserves.

He stated this at IHS Markit’s CERAWeek conference in Houston, the USA, Reuters reports.

Pompeo urged the oil industry to work with the Trump administration to promote U.S. foreign policy interests, especially in Asia and in Europe, and to punish what he called “bad actors” on the world stage.

The United States has imposed harsh sanctions in the past several months on two major world oil producers, Venezuela and Iran.

Pompeo said the U.S. oil-and-gas export boom had given the United States the ability to meet energy demand once satisfied by its geopolitical rivals.

“We don’t want our European allies hooked on Russian gas through the Nord Stream 2 project, any more than we ourselves want to be dependent on Venezuelan oil supplies,” Pompeo said, referring to a natural gas pipeline expansion from Russia to Central Europe.

Pompeo called Russia’s invasion of Ukraine an attempt to gain access to the country’s oil and gas reserves.

Although the state-run news agency Vesti News often comes under criticism for rather reckless, or at least, extremely sarcastic propaganda at times, here they rightly nailed Mr. Pompeo’s lies to the wall and billboarded it on their program:

The news anchors even made a wisecrack about one of the political figures, Konstantin Zatulin saying as a joke that Russia plans to invade the United States to get its oil. They further noted that Secretary Pompeo is uneducated about the region and situation, but they offered him the chance to come to Russia and learn the correct information about what is going on.

To wit, Russia has not invaded Ukraine at all. There is no evidence to support such a claim, while there IS evidence to show that the West is actively interfering with Russia through the use of Ukraine as a proxyWhile this runs counter to the American narrative, it is simply the truth. Ukraine appears to be the victim of its own ambitions at this point, for while the US tantalizes the leadership of the country and even interferes with the Orthodox Church in the region, the country lurches towards a presidential election with three very poor candidates, most notably the one who is president there now, Petro Poroshenko.

However, the oil and gas side of the anti-Russian propaganda operation by the US is significant. The US wishes for Europe to buy gas from American suppliers, even though this is woefully inconvenient and expensive when Russia is literally at Europe’s doorstep with easy supplies. However, the Cold War Party in the United States, which still has a significant hold on US policy making categorizes the sale of Russia gas to powers like NATO ally Germany as a “threat” to European security.

It is interesting that Angela Merkel herself does not hold this line of thinking. It is also interesting and worthy of note, that this is not the only NATO member that is dealing more and more with Russia in terms of business. It underscores the loss of purpose that the North Atlantic Treaty Organization suffers now since there is no Soviet Union to fight.

However, the US remains undaunted. If there is no enemy to fight, the Americans feel that they must create one, and Russia has been the main scapegoat for American power ambitions. More than ever now, this tactic appears to be the one in use for determining the US stance towards other powers in the world.

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Ariel Cohen explains Washington’s latest foreign policy strategy [Video]

Excellent interview Ariel Cohen and Vladimir Solovyov reveals the forces at work in and behind American foreign policy.

Seraphim Hanisch

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While the American people and press are pretty much complicit in reassuring the masses that America is the only “right” superpower on earth, and that Russia and China represent “enemy threats” for doing nothing more than existing and being successfully competitive in world markets, Russia Channel One got a stunner of a video interview with Ariel Cohen.

Who is Ariel Cohen? Wikipedia offers this information about him:

Ariel Cohen (born April 3, 1959 in Crimea in YaltaUSSR) is a political scientist focusing on political risk, international security and energy policy, and the rule of law.[1] Cohen currently serves as the Director of The Center for Energy, Natural Resources and Geopolitics (CENRG) at the Institute for Analysis of Global Security (IAGS). CENRG focuses on the nexus between energy, geopolitics and security, and natural resources and growth. He is also a nonresident senior fellow at the Atlantic Council, within the Global Energy Center and the Dinu Patriciu Eurasia Center.[2] Until July 2014, Dr. Cohen was a senior research fellow at the Heritage Foundation in Washington, D.C. He specializes in Russia/Eurasia, Eastern Europe, and the Middle East.

Cohen has testified before committees of the U.S. Congress, including the Senate and House Foreign Relations Committees, the House Armed Services Committee, the House Judiciary Committee and the Helsinki Commission.[4] He also served as a Policy Adviser with the National Institute for Public Policy’s Center for Deterrence Analysis.[5] In addition, Cohen has consulted for USAID, the World Bank and the Pentagon.[6][7]

Cohen is a frequent writer and commentator in the American and international media. He has appeared on CNN, NBC, CBS, FOX, C-SPAN, BBC-TV and Al Jazeera English, as well as Russian and Ukrainian national TV networks. He was a commentator on a Voice of America weekly radio and TV show for eight years. Currently, he is a Contributing Editor to the National Interest and a blogger for Voice of America. He has written guest columns for the New York TimesInternational Herald TribuneChristian Science Monitor, the Washington Post, the Wall Street Journal, the Washington Times, EurasiaNet, Valdai Discussion Club,[8] and National Review Online. In Europe, Cohen’s analyses have appeared in Kommersant, Izvestiya, Hurriyet, the popular Russian website Ezhenedelny Zhurnal, and many others.[9][10]

Mr. Cohen came on Russian TV for a lengthy interview running about 17 minutes. This interview, shown in full below, is extremely instructive in illustrating the nature of the American foreign policy directives such as they are at this time.

We have seen evidence of this in recent statements by Secretary of State Mike Pompeo regarding Russia’s “invasion” of Ukraine, and an honestly unabashed bit of fear mongering about China’s company Huawei and its forthcoming 5G networks, which we will investigate in more detail in another piece. Both bits of rhetoric reflect a re-polished narrative that, paraphrased, says to the other world powers,

Either you do as we tell you, or you are our enemy. You are not even permitted to out-compete with us in business, let alone foreign relations. The world is ours and if you try to step out of place, you will be dealt with as an enemy power.

This is probably justified paranoia, because it is losing its place. Where the United Stated used to stand for opposition against tyranny in the world, it now acts as the tyrant, and even as a bully. Russia and China’s reaction might be seen as ignoring the bully and his bluster and just going about doing their own thing. It isn’t a fight, but it is treating the bully with contempt, as bullies indeed deserve.

Ariel Cohen rightly points out that there is a great deal of political inertia in the matter of allowing Russia and China to just do their own thing. The US appears to be acting paranoid about losing its place. His explanations appear very sound and very reasonable and factual. Far from some of the snark Vesti is often infamous for, this interview is so clear it is tragic that most Americans will never see it.

The tragedy for the US leadership that buys this strategy is that they appear to be blinded so much by their own passion that they cannot break free of it to save themselves.

This is not the first time that such events have happened to an empire. It happened in Rome; it happened for England; and it happened for the shorter-lived empires of Nazi Germany and ISIS. It happens every time that someone in power becomes afraid to lose it, and when the forces that propelled that rise to power no longer are present. The US is a superpower without a reason to be a superpower.

That can be very dangerous.

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