Alternative Visions – Financial Imperialism—the Case of Venezuela

In the first half hour of the show, Dr. Rasmus provides updates on the evolving status of topics in the global economy: Brexit and what happens next; China-US trade negotiations beginning in Washington, the slowing US economy and growing US financial fragility; China’s ‘whack-a-mole’ economic policy, Europe’s slowing economy, ECB policy, and growing problems at large banks like Deutschebank, BNP Paribas, Credit Suisse, UBS, and others; and India’s banks and shadow banks growing fragility. The second half of the show is dedicated to discussing how US financial imperial measures are being used to bring about regime change. How US policy works to destroy the Venezuelan currency in order to raise import costs and create shortages of key medicine, food and other commodities, how the US policy has been to deny Venezuela access to dollars by seizing assets (CITGO), requiring US corporations to expatriate dollars, prevent global banks lending to Venezuela, using sanctions to deny Venezuela access to markets to which to sell its oil, denying the country access to the international payments (SWIFT) network, driving defaults on loans by Venezuelan companies, getting companies (Citi), foreign central banks (bank of England) and governments to impound Venezuelan gold, indicting and seizing Venezuelan citizens and businesses assets, threatening sanctions on governments if they sell or buy goods from Venezuela, etc. (Check out Dr. Rasmus’s blog, jackrasmus.com, next week for a print version of how US financial imperialism is working to destroy the Venezuelan economy).

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