Stock market news, Trading, investing, long term, short term traders, daytrading, technical analysis, fundamental analysis and more. We cover it all at stockmarket.
This is the updated
first part of the list that has recorded the notable events as the world deals with the COVID-19 pandemic. [2nd Part
] ― The LINKS to events and sources are placed throughout the timeline.
------------------------ The More Data We Collect and Analyze, the Clearer the Picture Becomes.
Someone threw a stone in a pond a long way away. And we're only just feeling the ripples. — Fukuhara from Giri/Haji, Netflix series
------------------------ On Jan 30,
Italian PM announced that Italy had blocked all flights to and from China. While Italy has banned people from air-travelling to China, however according to IATA data
, there's no measurement implemented for air-travellers from China into Italy till the Mar 07. Especially for Chinese people who have EU passports. On Jan 31,
the US announced the category-I
travel restrictions, barring all foreigners who have been in China for the past 14 days, with measures including the refusal of visas and mandatory quarantine.
• "Because the US focused on China and didn't expect the infected people's entry from Europe and the Middle East, the Maginot Line
was breached from behind. And so little of credible
data at the beginning made the US government to miscalculate its strategic response to the virus." — Dr. Zhang Lun
, currently a visiting scholar at Harvard (economics & sociology), during the interview
with ICPC on Mar 29. Also on Jan 31,
the WHO changed its tune and declared the coronavirus outbreak a Global Public Health Emergency
of international concern (PHEIC).
Decisions on a PHEIC always involve politics .... West African countries discouraged a declaration in 2014 after they were hit by the largest Ebola virus outbreak on record, mainly because of concern about the economic impact.
------------------------ On Feb 02,
regarding the US category-I travel restrictions, Kamala Harris, the former Democratic presidential candidate, declared
Since 2017, Trump’s travel bans have never been rooted in national security—they’re about discriminating against people of color. They are, without a doubt, rooted in anti-immigrant, white supremacist ideologies. This travel ban is no different. On Feb 03,
criticizing Trump for his travel restrictions continues. Chinese foreign ministry spokeswoman Hua Chunying (华春莹), a Peking University professors James Liang (梁建章), New York Times, the Nation, OBSERVER, the Boston Globe, Yahoo, and Daily Kos were saying,
it's a "panicky" decision and "racist" or it's "cruel and callous," he's stoking fear for political gains, and the president is "inappropriately overreacting." And professors Liang even said the US ban "will hurt goodwill and cooperation [with China] in the future." [1
] Also on Feb 03,
of the WHO said there's no need
for travel ban measure that "unnecessarily interfere with international travel and trade" trying to halt the spread of the virus.
China's delegate took the floor ... and denounced measures by "some countries" that have denied entry to people holding passports issued in Hubei province - at the centre of the outbreak - and to deny visas and cancel flights. Also on Feb 03,
China is expected to gradually implement a larger stimulus packages
(in total) than a USD $572 billion from 2008. — We'd never find out but my guess is that the fund will probably go to Shanghai clique. On Feb 04,
The FDA has given emergency
authorization to a new test kit by the CDC that promises to help public health labs meet a potential surge in cases.
The speed ... pushing through a new diagnostic test shows just how seriously they’re taking the potentially pandemic threat of 2019-nCoV. It’s also a sign that the world is starting to learn how to deal with an onslaught of new pathogens. Also on Feb 04,
the Wuhan Institute of Virology and China's Academy of Military Medical Sciences
(AMMS, Chief Chen Wei belongs to) have jointly applied to
patent the use of Remdesivir
. Scientists from both institutes said in a paper
published in Nature’s Cell Research that they found both Remdesivir and Chloroquine to be an effective way to inhibit the coronavirus. On Feb 06,
Jamestown Foundation, a Washington-based research & analysis unit, noted that with State Council of PRC praising his performance
of containing the pandemic situation, the council expanded
Li Keqiang's political control over Politburo Standing Committee of CCP. (Li Keqiang = Communist Youth League
= Shanghai clique) Also, on Feb 06,
as the US evacuation planes leave China, the wave of the US evacuees have arrived who are met by the CDC personnel at the quarantine sites
for screening, and those who were suspected of infection will be placed under quarantine for 14 days. Also, on Feb 06,
a CDC-developed lab test kit
to detect the new coronavirus began shipping to qualified US laboratories and international ones. — However, on Feb 12, the CDC said
some of the testing kits have flaws and do not work properly. The CDC finally ended up shipping the working test kits for mass testings on Feb 27. This was three weeks later than originally planned. On Feb 07,
China National Petroleum has recently declared
Force Majeure on gas imports. They are trying to create a breathing room for their foreign exchange reserves shortage. China's foreign exchange reserves fell
to mere USD $3.1 trillion in Oct. 2019. On the same day,
that PetroChina has directed employees in 20 countries to buy N95 face masks and send them home in China. The goal is to get 2 million masks shipped back. You can also find YouTube videos that show Overseas Chinese are scouring the masks at the Home Depot to ship them to China (the video
in Korean). Also Chris Smith
is pissed. On Feb 09,
his national emergency on its southern border, and Elizabeth Goitein from the Brennan Center for Justice, published an opinion
article on New York Times titled "Trump Has Abused This Power. And He Will Again if He’s Not Stopped." On Feb 10,
Dr. Tedros said
that an advance three-person team of the WHO arrived in Beijing for a joint mission to discuss with Chinese officials the agenda and questions. Then, the joint mission of about 10 international experts will soon follow, he said. — Those WHO experts ended up visiting
Chinese epicentre for the first time on Feb 24. On Feb 12,
the US targets
Russian oil company for helping Venezuela skirt sanctions. The US admin seemingly tried to secure leverage against Russia after noticing something suspicious was up. On the same day,
Reuters "I hope this outbreak or this event (for the US) may be over in something like April." — Dr. Zhong Nanshan
(钟南山), China's top tier SARS-hero doctor, also said
"the peak of the virus (for China) should come in mid to late February, followed by a plateau or decrease," adding that his forecast was based on on mathematical modelling and data from recent events and government action. On Feb 13,
Tom Frieden who is a former US CDC chief and currently the head of public health nonprofit Resolve to Save Lives, said
As countries are trying to develop their own control strategies, they are looking for evidence of whether the situation in China is getting worse or better. [But] We still don't have very basic information. [since the WHO just entered China] We hope that information will be coming out. On the same day,
the CDC reports that the 15th
case in the US was confirmed. The patient was a part of group who were under a federal quarantine order at the JBSA-Lackland base because of a recent trip to Hubei Province, China. By Feb 13,
accepted the US CDC's offer to send top experts, and they haven't released the "disaggregated
" data (specific figures broken out from the overall numbers) even though repeatedly been asked. On Feb 14,
CCP's United Front posted an article
on its official website, saying (Eng. text by Google Translation):
Fast! There is no time difference to raise urgently needed materials! Some Overseas Chinese have used their professions in the field of medicine in order to purchase relevant materials Hubei province in short of supply (to send them to China). .... Some Overseas Chinese took advantage of the connection resources, opened green transportation channels through our embassies and consulates abroad, and their related enterprises, and quickly sent large quantities of medical supplies (to China), making this love relay link and cooperation seamless. On Feb 18,
that 3M is on the list of firms eligible for China loans to ease coronavirus crisis.
There is no indication from the list that loans offered will necessarily be sought, or that such firms are in any financial need. The Bank of Shanghai told Reuters it will lend 5.5 billion yuan ($786 million) to 57 firms on its list. On Feb 21,
Xi Jinping writes a thank-you
letter to Bill Gates for his foundation’s support to China regarding COVID-19 outbreak. On Feb 24,
China was rumoured on Twitter to delay the phase one trade deal implementation indefinitely which includes the increase of China's purchasing American products & services by at least $200 billion over the next two years. Also on Feb 24,
S&P 500 Index started to drop. Opened with 3225.9 and closed 3128.2. By the Mar 23, it dropped to 2208.9. Also on Feb 24,
China's National Health Commission says the WHO experts have visited
Wuhan city for the first time, the locked-down central Chinese city at the epicentre, inspecting two hospitals and a makeshift one at a sports centre. On Feb 26,
IF the picture
that has been circulated on Twitter were real, then chief Chen Wei and her team have developed the first batch of COVID-19 vaccine within time frame of a month. On the same day,
the CDC's latest figures displays 59 people
in the US who have tested positive for COVID-19. Also on Feb 26,
the Washington Post published an article
.... the WHO said it has repeatedly asked Chinese officials for "disaggregated" data — meaning specific figures broken out from the overall numbers — that could shed light on hospital transmission and help assess the level of risk front-line workers face. "We received disaggregated information at intervals, though not details about health care workers," said Tarik Jasarevic of the WHO. — The comment, in an email on Feb 22 to the Post, was one of the first instances that the WHO had directly addressed shortcomings in China's reporting or handling of the coronavirus crisis. On Feb 27,
, the CDC says its test kit is ready
and the US started to expand testing. On Feb 28,
China transferred more than 80,000 Uighurs
to factories used by global brands such as Apple, Nike, & Volkswagen & among others. Also on Feb 28,
the WHO published the official report of the WHO-China joint mission on coronavirus disease 2019. (PDF) On Feb 29,
quoting Caixin media's investigation
published on the same day, Lianhe Zaobao, the largest Singapore-based Chinese-language newspaper, published an article
reporting the following:
Dr. Li Wenliang said in the interview with Caixin media; [in Dec 2019] another doctor (later turned out to be Dr. Ai Fen) examined and tried to treat a patient who exhibited SARS-like symptoms which akin to influenza resistant to conventional treatment methods. And "the family members who took care of her (the patient) that night also had a fever, and her other daughter also had a fever. This is obviously from person to person" Dr. Li said in the interview."
------------------------ On Mar 01,
China's State Council super tighten up their already draconian
internet law. On the same day, Princelings
published an propaganda called "A Battle Against Epidemic: China Combating COVID-19 in 2020" which compiles
numerous state media accounts on the heroic leadership
of Xi Jinping, the vital role of the Communist Party, and the superiority of the Chinese system in fighting the virus. Starting on Mar 03,
the US Fed has taken two significant measures
to provide monetary stimulus. It's going to be no use as if a group of people with serious means are manipulating the markets to make sure MM will have liquidity concerns when they need it most. On Mar 04,
Xinhua News, China's official state-run press agency posted an article
"Be bold: the world should thank China" which states that
If China retaliates against the US at this time, it will also announce strategic control over medical products, and ban exports of said products to the US. ... If China declares today that its drugs are for domestic use only, the US will fall into the hell of new coronavirus epidemic. On Mar 05,
Shanghai Index has recovered
the coronavirus loss
almost completely. On Mar 07,
Saudi's Ahmed bin Abdulaziz
and Muhammad bin Nayef were arrested on the claims of plotting to overthrow King Salman. — Ahmed bin Abdulaziz is known to have very tight investment-interest relationship
with Bill Gates, Bill Browder, Blackstone, & BlackRock: One common factor that connects these people is China. On Mar 08,
the Russia–Saudi oil price war has begun.
The ostensible reason was simple: China, the biggest importer of oil from Saudi and Russia, was turning back tankers
while claiming that the outbreak forced its economy to a standstill. On Mar 10,
the Washington Post published the article
saying that the trade group for manufacturers of personal protective equipment urged in 2009 "immediate action" to restock the national stockpile including N95 masks, but it hasn't been replenished since. On Mar 11,
the gentleman at the WHO declares
the coronavirus outbreak a "Global Pandemic." He called on governments to change the course of the outbreak by taking "urgent and aggressive action." This was a full twelve days after the organization published the official report regarding the situation in China. On Mar 13,
the US admin declared
a National Emergency and announced the plan to release $50 billion in federal resources amid COVID-19. Also on Mar 13,
China's Ministry of Commerce states
that China is now the best region for global investment hedging. On Mar 15,
Business Insider reports
that Trump tried to poach German scientists working on a coronavirus vaccine and offered cash so it would be exclusive to the US. The problem is the official CureVac (the German company) twitter account, on Mar 16, 2020, tweeted the following
To make it clear again on coronavirus: CureVac has not received from the US government or related entities an offer before, during and since the Task Force meeting in the White House on March 2. CureVac rejects all allegations from press. On Mar 16,
the fan club of European globalists has published
a piece titled, "China and Coronavirus: From Home-Made Disaster to Global Mega-Opportunity." The piece says:
The Chinese method is the only method that has proved successful [in fighting the virus], is a message spread online in China by influencers, including many essentially promoting propaganda. ... it is certainly a message that seems to be resonating with opinion leaders around the world. On the same day,
unlike China that had one
epicentre, Wuhan city, the US now overtakes
China with most cases reporting multiple epicentres simultaneously
. Also on Mar 16,
the US stocks ended sharply lower
with the Dow posting its worst point drop in history. But some showed a faint hint of uncertain hope
. On Mar 17
, according to an article on Chinese version of Quora, Zhihu
, chief Chen Wei and her team with CanSino
Biologics officially initiated a Phase-1 clinical trial for COVID-19 vaccine at the Wuhan lab, Hubei China, which Bloomberg News confirmed
. — Click HERE
, then set its time period as 1 year, and see when the graph has started to move up. Also on Mar 17,
China's state media, China Global TV Network (CGTN
), has produced YouTube videos
for Middle Eastern audiences to spread the opinion that the US has engineered COVID-19 events. Also on Mar 17,
Al Jazeera reported
that the US President has been criticized for repeatedly referring to the coronavirus as the "Chinese Virus" as critics saying Trump is "fueling bigotry."
• China's Xinhua News tweeted
"Racism is not the right tool to cover your own incompetence."
• Tucker Carlson asked
: "Why would America's media take China's side amid coronavirus pandemic?"
• Also, Mr. Bill Gates
: "We should not call this the Chinese virus." On Mar 19,
for the first time, China reports
zero local infections. Also on Mar 19,
Al Jazeera published an analysis
report, titled "Coronavirus erodes Trump's re-election prospects." On Mar 22,
that China's mobile carriers lost 21 million users during this pandemic event. It's said to be the first net decline since starting to report monthly data in 2000. On Mar 26,
that China cashes in off coronavirus, selling Spain $466 million in supplies. However, Spain returns 9,000 "quick result" test kits to China, because they were deemed substandard. — Especially the sensibility of the test was around 30 percent, when it should be higher than 80 percent.
------------------------ On Apr 03,
Germany and other governments are bolstering corporate defenses
to address worries that coronavirus-weakened companies could be easy prey for bargain hunting by China's state owned businesses. On Apr 05,
New York Times says
"Trump Again Promotes Use of Unproven Anti-Malaria Drug (hydroxychloroquine)." On Apr 06,
a Democratic State Rep. Karen Whitsett from Detroit credits hydroxychloroquine
and President Trump for "saving her in her battle with the coronavirus." On Apr 07,
the US CDC removed
the following part from its website.
Although optimal dosing and duration of hydroxychloroquine for treatment of COVID-19 are unknown, some U.S. clinicians have reported anecdotally different hydroxychloroquine dosing such as: 400mg BID on day one, then daily for 5 days; 400 mg BID on day one, then 200mg BID for 4 days; 600 mg BID on day one, then 400mg daily on days 2-5.
☞ If there were ever a time for people not to be partisan and tribal, the time has come: We need to be ever vigilant and attentive to all kinds of disinformation & misinformation to see it better as well as to be sharp in our lives. — We really do need to come together.
☞ At first, I was going to draw up a conspiracy theory-oriented list focused on Team-Z
, especially Mr. Gates. However, although it's nothing new tbh, recently many chats and discussions seem overflowing with disinformation & misinformation which is, in my opinion, particularly painful at a time like this. Hence, this post became a vanilla list that's just recorded the notable events. — We all are subject to misinformation, miscalculation, and misjudgment. But the clearer the picture becomes the better we can identify Funkspiel.
☞ Immediate Aftermath pt.2.a
☞ Feasible Timeline of the Operation
☞ Go Back to the Short Story
The proven oil reserves in Venezuela are recognized as the LARGEST in the world
, totaling 297 billion barrels.
While ignoring (and even supporting) the atrocities of authoritarian regimes in places like Saudi Arabia, Bahrain and Uzbekistan, US oligarchs have targeted Venezuela for “regime-change” in the name of “democracy”.
Currently, the US is engaging in economic warfare against Venezuela to foment a coup and remove its democratically elected president Nicolás Maduro.
Without providing solid evidence, our corporate-controlled government and mainstream media portray Maduro as a corrupt, repressive, and illegitimate leader with little to no support.
Do I ever see officials from the Venezuelan government
appear in corporate news shows to tell THEIR side of the story? What people DO get to comment
on Venezuela and what are their credentials and agenda? Are these people essentially public relations agents for the US-orchestrated coup?
Does corporate news provide me with historical background
of US imperialism in Venezuela to put these current events in context?
What Corporate-Controlled Media will NOT Tell You The CIA was involved in the failed coup against Venezuela's popular leader Hugo Chavez in 2002. Venezuela is not a strictly socialist country; it has a “mixed” economy - not unlike Norway or other Scandinavian countries. Venezuela is a DEMOCRACY
- unlike US-allies Saudi Arabia, the United Arab Emirates, Qatar, Bahrain, and Kuwait
. In 2012, Jimmy Carter went on record saying: “As a matter of fact, of the 92 elections that we've monitored, I would say the election process in Venezuela is the best in the world” The opposition to Maduro knew they were going to lose the last election and so boycotted it in attempt to delegitimize the results. The US actually tried to dissuade Maduro’s opponents from running! Maduro invited international observers into the country in 2018 to monitor the last election but the opposition asked the UN not to send observers! More than 80% of the Venezuelan population had not even HEARD of Juan Guaidó before Trump and the US state proclaimed him the “rightful” president. Maduro’s approval ratings within his country are on par with opposition-controlled National Assembly. According to an October poll by opposition-aligned pollster Datanalisis, Venezuela's National Assembly, of which Juan Guaidó is president, has a disapproval rating of 70%. Venezuela WANTS to sell its oil to the US – the US is their largest market
and refines a majority of their oil
. US companies Chevron Corp, Halliburton, Schlumberger, Baker Hughes and Weatherford International all have operations in Venezuela, and are allowed to continue to engage in transactions and activities with PDVSA and its joint ventures through July 27
. “No State or group of States has the right to intervene, directly or indirectly, for any reason whatever, in the internal or external affairs of any other State. The foregoing principle prohibits not only armed force but also any other form of interference or attempted threat against the personality of the State or against its political, economic, and cultural elements.” Organization of American States Charter
Why is the US Corporatocracy so Keen to Remove Maduro?
While Venezuela’s economy is not a strictly-state-run economy, its oil industry is nationalized and uses its revenues for the benefit of its citizens (especially the poor).
After years of crippling US sanctions Maduro stepped over a crucial line in October when his government announced that Venezuela was abandoning the US dollar and would be make all future transactions on the Venezuelan exchange market in euro.
Saddam Hussein also went off the dollar in favor of the euro in 2003 – we started dropping bombs on him the next month.
A similar decision by the Gadhafi government in Libya (2011) was quickly followed by a devastating US-orchestrated conflict - culminating in Gadhafi's capture by radical Islamists who sodomized him with a bayonet before killing him
. Since then, Libya has gone from Africa's wealthiest country to a truly failed-state complete with a slave trade! To make matters worse, after the collapse of the Libyan government, its military arms were smuggled out of that country and into the hands of ISIS fighters in Iraq and Syria - enabling US-orchestrated chaos in those countries.
Who cares what currency a country uses to trade petroleum?
Answer: US oligarchy
The US dollar is central to US world economic domination.
Like all other modern currencies, it is a fiat currency – backed by no real assets to prop up its value.
In lieu of a “gold standard” we know operate on a de-facto “oil-standard”:
"After the collapse of the Bretton Woods gold standard in the early 1970s, the United States struck a deal with Saudi Arabia to standardize oil prices in dollar terms. Through this deal, the petrodollar system was born, along with a paradigm shift away from pegged exchanged rates and gold-backed currencies to non-backed, floating rate regimes.
The petrodollar system elevated the U.S. dollar to the world's reserve currency and, through this status, the United States enjoys persistent trade deficits and is a global economic hegemony." Investopedia
“The central banking Ponzi scheme requires an ever-increasing base of demand and the immediate silencing of those who would threaten its existence. Perhaps that is what the hurry [was] in removing Gaddafi in particular and those who might have been sympathetic to his monetary idea.” Anthony Wile
US Foreign Policy is about Oligarchy Not Democracy
Since World War II, the US has attempted to over-throw the 52 foreign governments
. Aside from a handful of exceptions (China, Cuba, Vietnam, etc.), the US has been successful in the vast majority of these attempts.
US foreign policy is not about democracy – it is about exploiting the world’s resources in the interests of a small, ultra-wealthy global elite.
This exploitation benefits a small percentage of people at the top of the economic pyramid while the costs are born by those at the bottom.
US CIA Coup Playbook: How to Plunder Resources from Foreign Countries While Pretending to Support Democracy
- Find a country with resources you want.
- Send in an “Economic Hitman” to offer bribes the country’s leader in the form of personally lucrative business deals. If he accepts the deal, the leader will amass a personal fortune in exchange for "privatizing” the resources you wish to extract.
If the leader will not accept your bribes, begin the regime-change process.
3) Engage in economic warfare by imposing crippling sanctions on the country and blame the ensuing shortages on the leader’s “socialist” policies.
4) Work with right-wing allies inside country to fund and organize an “astroturf
” opposition group behind a corporate-friendly puppet.
5) Hire thugs inside country to incite unrest and violence against the government in coordination with your opposition group. Use corporate media to publicize the orchestrated outbursts as popular outrage and paint a picture of a “failed state” mired in corruption and chaos.
6) When the government arrests your thugs, decry the response as the brutal repression. Use corporate-owned media to demonize the target government as a despotic regime while praising your puppet opposition as champions of democracy.
7) Work with right-wing military leaders to organize the overthrow the government (offer them the same business deals the current leader refused).
8) If a military-led coup cannot be organized, create a mercenary army to carry out acts of terrorism against the government and its supporters. Portray the mercenaries as “freedom fighters” and their acts of terrorism as a “civil war”.
9) If the target government has popular and military support and is too well-defended for your mercenaries to over-throw: label the country a “rouge state” and wait for the right time to invade. Meanwhile, continue to wear the country’s government and populace down using steps 3 – 8.
10) Escalate the terror campaign within the country to provoke a military response from the country against the US. If they won’t take the bait , fabricate an attack or threat that you can sell to the US population as justification for an invasion.
11) Once the government is removed, set up your puppet regime to provide the illusion of sovereignty. The regime will facilitate and legitimize your appropriation of the country’s resources under the guise of "free" trade.
12) As you continue to extract the country’s resources, provide intelligence and military support to the puppet regime to suppress popular dissent within the country.
13) Use the demise of the former government as yet another example of the impracticality of “socialism.” What Can I Do? Call your senators and representatives to voice your opposition to US regime-change efforts in Venezuela
. https://www.commoncause.org/find-your-representative/ Please share this message with others.
Sources included at: https://link.medium.com/8DiA5xzx4T ALAN MACLEOD
FEBRUARY 8, 2019
A recent Gallup poll (8/13/18
) found that a majority of millennials view socialism favorably, preferring it to capitalism. Democratic socialist Bernie Sanders is the most popular
politician in the United States, while new leftist Rep. Alexandria Ocasio-Cortez’s (AOC) policies of higher taxes on the wealthy, free healthcare and public college tuition are highly popular—even among Republican voters (FAIR.org,1/23/19
Alarmed by the growing threat of progressive policies at home, the establishment has found a one-word weapon to deploy against the rising tide: Venezuela. The trick is to attack any political figure or movement even remotely on the left by claiming they wish to turn the country into a “socialist wasteland” (Fox News, 2/2/19
) run by a corrupt dictatorship, leaving its people hungry and devastated.
Leading the charge have been Fox News and other conservative outlets. One Fox opinion piece (1/25/19
) claimed that Americans should be “absolutely disgusted” by the “fraud” of Bernie Sanders and Democrats like Alexandria Ocasio-Cortez, Elizabeth Warren and Cory Booker, as they “continue to promote a system that is causing mass starvation and the collapse of a country,” warning that is exactly what their failed socialist policies would bring to the US. (Back in the real world, while Sanders and Ocasio-Cortez identify as socialists, Warren is a self-described capitalist
, and Booker is noted for his ties to Wall Street, whose support for his presidential bid he has reportedly been soliciting
.) A second Fox Newsarticle (1/27/19
) continues in the same vein, warning that, “At the heart of Venezuela’s collapse is a laundry list of socialist policies that have decimated its economy.” The Wall Street Journal (1/28/19) describes calls for negotiations in Venezuela as “siding with the dictator.”
In an article entitled “Bernie Sanders, Jeremy Corbyn and the Starving Children of Venezuela,” the Washington Examiner (6/15/17
) warned its readers to “beware the socialist utopia,” describing it as a dystopia where children go hungry thanks to socialism. The Wall Street Journal (1/28/19
) recently condemned Sanders for his support of a “dictator,” despite the fact Bernie has strongly criticized
Venezuelan President Nicolás Maduro, and dismissed Maduro’s predecessor, Hugo Chavez, as a “dead Communist dictator” (Reuters, 6/1/16
More supposedly centrist publications have continued this line of attack. The New York Times’ Bret Stephens (1/25/19
) argued: “Venezuela is a socialist catastrophe. In the age of AOC, the lesson must be learned again”—namely, that “socialism never works,” as “20 years of socialism” has led to “the ruin of a nation.” The Miami Herald(2/1/19
) cast shame on Sanders and AOC for arguing for socialism in the face of such overwhelming evidence against it, describing the left’s refusal to back self-appointed president Juan Guaidó, someone whom less than 20 percent of Venezuelans had even heard of
, let alone voted for, as “morally repugnant.” This useful weapon to be used against the left can only be sustained by withholding a great number of key facts—chief among them, the US role in Venezuela’s devastation. US sanctions, according to the Venezuelan opposition’s economics czar, are responsible for a halving of the country’s oil output (FAIR.org, 12/17/18). The UN Human Rights Council has formally condemned the US and discussed reparations to be paid, with one UN special rapporteur describing Trump’s sanctions as a possible “crime against humanity” (London Independent, 1/26/19). This has not been reported by any the New York Times, Washington Post, CNN or any other national US “resistance” news outlet, which have been only too quick to support Trump’s regime change plans (FAIR.org, 1/25/19). Likewise, the local US-backed opposition’s role in the economic crisis is barely mentioned. The opposition, which controls much of the country’s food supply, has officially accepted responsibility for conducting an “economic war” by withholding food and other key goods. For example, the monolithic Empresas Polar controls the majority of the flour production and distribution crucial for making arepa cornbread, Venezuela’s staple food. Polar’s chair is Leopoldo Lopez, national coordinator of Juan Guaidó’s Popular Will party, while its president is Lorenzo Mendoza, who considered running for president against Maduro in the 2018 elections that caused pandemonium in the media (FAIR.org, 5/23/18). Conspicuously, it’s the products that Polar has a near-monopoly in that are often in shortest supply. This is hardly a secret, but never mentioned in the copious stories (CNN, 5/14/14, Bloomberg, 3/16/17, Washington Post, 5/22/17, NPR, 4/7/17) focusing on bread lines in the country. Also rarely commented on was the fact that multiple international election observer missions declared the 2018 elections free and fair, and that Venezuelan government spending as a proportion of GDP (often considered a barometer of socialism) is actually lower than the US’s, and far lower than most of Europe’s, according to the conservative Heritage Foundation. The London Daily Express (2/3/19) demonstrates that redbaiting works equally well on either side of the Atlantic.
Regardless of these bothersome facts, the media has continued to present Venezuela’s supposedly socialist dictatorship as solely responsible for its crisis as a warning to any progressives who get the wrong idea. So useful is this tool that it is being used to attack progressive movements around the world. The Daily Express (2/3/19
) and Daily Mail (2/3/19
) condemned UK Labour Party leader Jeremy Corbyn for his “defense” of a “dictator,” while the Daily Telegraph(2/3/19
) warned that the catastrophe of Venezuela is Labour’s blueprint for Britain. Meanwhile, the Greek leftist party Syriza’s support for Maduro (the official position of three-quarters
of UN member states) was condemned as “shameful” (London Independent, 1/29/19
“Venezuela” is also used as a one-word response to shut down debate and counter any progressive idea or thought. While the panel on ABC’s The View (7/23/18
) discussed progressive legislation like Medicare for All and immigration reform, conservative regular Meghan McCain responding by invoking Venezuela: “They’re starving to death” she explained, leaving the other panelists bemused.
President Trump has also used it. In response to criticism from Senator Elizabeth Warren over his “Pocahontas” jibe, he replied that she would “make our country into Venezuela” (Reuters, 10/15/18
The weapon’s effectiveness can only be sustained through a media in lockstep with the government’s regime-change goals. That the media is fixated on the travails of a relatively small and unimportant country in America’s “backyard,” and that the picture of Venezuela is so shallow, is not a mistake. Rather, the simplistic narrative of a socialist dictatorship starving its own people provides great utility as a weapon for the establishment to beat back the domestic “threat” of socialism, by associating movements and figures such as Bernie Sanders, Alexandria Ocasio-Cortez and Jeremy Corbyn with an evil caricature they have carefully crafted.
Corporate Propaganda Blitz Against Venezuela’s Elected President: MSM Will Not Let Facts Interfere With Coup Agenda Facts Don’t Interfere With Propaganda Blitz Against Venezuela’s Elected President Joe Emersberger Guaidó, anointed by Trump and a new Iraq-style Coalition of the Willing, did not even run in Venezuela’s May 2018 presidential election. In fact, shortly before the election, Guaidó was not even mentioned by the opposition-aligned pollster Datanálisis when it published approval ratings of various prominent opposition leaders. Henri Falcón, who actually did run in the election (defying US threats against him) was claimed by the pollster to basically be in a statistical tie for most popular among them. It is remarkable to see the Western media dismiss this election as “fraudulent,” without even attempting to show that it was “stolen“ from Falcón. Perhaps that’s because it so clearly wasn’t stolen. Graph: Approval Ratings of Main Venezuelan Leaders Nov 2016 - July 2018 Data from the opposition-aligned pollsters in Venezuela (via Torino Capital) indicates that Henri Falcón was the most popular of the major opposition figures at the time of the May 2018 presidential election. Nicolás Maduro won the election due to widespread opposition boycotting and votes drawn by another opposition candidate, Javier Bertucci. The constitutional argument that Trump and his accomplices have used to “recognize” Guaidó rests on the preposterous claim that Maduro has “abandoned” the presidency by soundly beating Falcón in the election. Caracas-based journalist Lucas Koerner took apart that argument in more detail.
What about the McClatchy-owned Miami Herald's claim that Maduro “continues to reject international aid”? In November 2018, following a public appeal
by Maduro, the UN did authorize emergency aid for Venezuela. It was even reported by Reuters (11/26/18
), whose headlines have often broadcast the news agency’s contempt
for Maduro’s government.
It’s not unusual for Western media to ignore facts they have themselves reported when a major “propaganda blitz
” by Washington is underway against a government. For example, it was generally reported accurately in 1998 that UN weapons inspectors were withdrawn from Iraq ahead of air strikes ordered by Bill Clinton, not expelled by Iraq’s government. But by 2002, it became a staple of pro-war propaganda that Iraq had expelled weapons inspectors (Extra! Update, 10/02
And, incidentally, when a Venezuelan NGO requested aid from the UN-linked Global Fund in 2017, it was turned down
. Setting aside how effective foreign aid is at all (the example of Haiti
hardly makes a great case for it), it is supposed to be distributed based on relative need, not based on how badly the US government wants somebody overthrown.
But the potential for “aid” to alleviate Venezuela’s crisis is negligible compared to the destructive impact of US economic sanctions.
Near the end of the Miami Herald article, author Jim Wyss cited an estimate from the thoroughly demonized Venezuelan government that US sanctions have cost it $30 billion, with no time period specified for that estimate. Again, this calls to mind the run-up to the Iraq invasion, when completely factual statements that Iraq had no WMDs
were attributed to the discredited Iraqi government. Quoting Iraqi denials supposedly balanced the lies spread in the media by US officials like John Bolton, who now leads the charge to overthrow Maduro. Wyss could have cited economists independent of the Maduro government on the impact of US sanctions—like US economist Mark Weisbrot
, or the emphatically anti-Maduro Venezuelan economist Francisco Rodríguez
. Illegal US sanctions were first imposed in 2015 under a fraudulent “state of emergency” declared by Obama, and subsequently extended by Trump. The revenue lost to Venezuela’s government due to US economic sanctions since August 2017, when the impact became very easy to quantify, is by now well over $6 billion. That’s enormous in an economy that was only able to import about $11 billion of goods in 2018, and needs about $2 billion per year in medicines. Trump’s “recognition” of Guaidó as “interim president” was the pretext for making the already devastating sanctions much worse. Last month, Francisco Rodríguez revised his projection for the change in Venezuela’s real GDP in 2019, from an 11 percent contraction to 26 percent, after the intensified sanctions were announced. The $20 million in US “aid” that Wyss is outraged Maduro won’t let in is a rounding error compared to the billions already lost from Trump’s sanctions.
Former US Ambassador to Venezuela William Brownfield, who pressed for more sanctions on Venezuela, dispensed with the standard “humanitarian” cover that US officials have offered for them (Intercept
And if we can do something that will bring that end quicker, we probably should do it, but we should do it understanding that it’s going to have an impact on millions and millions of people who are already having great difficulty finding enough to eat, getting themselves cured when they get sick, or finding clothes to put on their children before they go off to school. We don’t get to do this and pretend as though it has no impact there. We have to make the hard decision—the desired outcome justifies this fairly severe punishment.
How does this gruesome candor get missed by reporters like Wyss, and go unreported in his article? Speaking of “severe punishment,” if the names John Bolton and Elliott Abrams don’t immediately call to mind the punishment they should be receiving for crimes against humanity, it illustrates how well the Western propaganda system functions. Bolton, a prime facilitator of the Iraq War, recently suggested that Maduro could be sent to a US-run torture camp in Cuba. Abrams played a key role in keeping US support flowing to mass murderers and torturers in Central America during the 1980s. Also significant that Abrams, brought in by Trump to help oust Maduro, used “humanitarian aid” as cover to supply weapons to the US-backed Contra terrorists in Nicaragua.
In the Miami Herald article, the use of US “aid” for military purposes is presented as another allegation made by the vilified Venezuelan president: “Maduro has repeatedly said the aid is cover for a military invasion and has ordered his armed forces not to let it in, even as food and medicine shortages sweep the country.” Venezuela Accuses U.S. of Secretly Shipping Arms After Weapons Found on Plane with Possible CIA Ties | Democracy Now! Calling for international aid and being democratically elected will do as little to protect Maduro’s government from US aggression as being disarmed of WMD did to prevent Iraq from being invaded—unless there is much more pushback from the US public against a lethal propaganda system.
When Is a Democracy not a Democracy? When It’s Venezuela and the US is Pushing Regime Change.
Venezuela has as much right to call itself a democracy as does the United States. Until that is understood by enough people, the Trump administration will continue to devastate Venezuela’s economy with illegal sanctions and push it towards civil war. Suggested Reading: UN Rapporteur: US Sanctions Cause Death in Venezuela Guaido is playing it fast and loose with the Bolivarian Constitution to justify a dictatorship Trump’s Economic Sanctions Have Cost Venezuela About $6bn Since August 2017 How could Venezuela's president 'steal' the 2018 election from an unknown who didn't run?
In other news... The Largest Protest Ever Was 15 Years Ago. The Iraq War Isn’t Over. What Happened?
Investopedia is the world's leading source of financial content on the web, ranging from market news to retirement strategies, investing education to insights from advisors. This index is considered one of the best indicators of market movements as a whole. Stock indexes such as the Dow Jones Industrial Average only tell us the strength of 30 stocks, whereas the advance/decline index can provide much more insight into the movements of the market. Advance/Decline Index = Forex is a portmanteau of foreign currency and exchange. Foreign exchange is the process of changing one currency into another currency for a variety of reasons, usually for commerce, trading, or ... All share index investopedia forex October 04, 2017 Get link; Facebook; Twitter; Pinterest; Email; Other Apps Investopedia Forex indepth walkthrough can all act as invaluable guides on your journey into currency trading. Now that you've got your feet wet in the Forex market, let's take a look at the role leverage plays in the fx market. Level 2 Markets - Research And Testing When trading anything, you never want to trade impulsively. You need to Representing 98-99% of the UK market capitalisation, FTSE All-Share is the aggregation of the FTSE 100, FTSE 250 and FTSE Small Cap Indices ... ALSI 40 Index - Trading the South African All Share Index 744 replies USD Index Chart Not USD Index Indicator 2 replies US Dollar Index + AUD, CAD, CHF, EUR, GBP, NZD, JPY Dollar Index Indicators 22 replies View the FTSE All Share chart, the FTSE All Share constituent companies and their current price and intraday movement. Investopedia review by stock trading experts, all about Investopedia Forex simulator online trading platform, Finding out what is Investopedia app. What is Investopedia. Investopedia is a financial American website based in New York City that focuses on investing education and financial news. The website was founded by Cory Wagner and Cory ... The NSE All share Index is showing some divergence in the stochastic oscillator for some settings. Time to tread softly in this market. For some of our profitable positions we need to book some ...
The ONLY Forex Trading Video You Will EVER NeedTHIS QUICK TEST WILL HELP YOU BECOME FINANCIALLY FREETake it HERE: https://discover.tiersoffreedom.comTo join my ... Play all Share. Loading... Save. Sign in to YouTube. Sign in. A Simple Explanation of Forex Investopedia Academy by Investopedia Academy. 4:53. Language: English Location: United States Watch our video to find out the basic processes taking place on the foreign exchange market and how you can benefit from them. In addition, you will learn ho... Play all Share. Loading... Save. Sign in to YouTube. Sign in . Investopedia Video: What Hedge Funds Are by Investopedia. 1:52. What Are Stocks - Investopedia timelines by Thành Richman. 1:25. 08 ... Forex -- News Investopedia SAAEED IQQBAL. Loading... Unsubscribe from SAAEED IQQBAL? ... Share More. Report. Need to report the video? Sign in to report inappropriate content. Sign in. Add ... Mix Play all Mix - Investopedia YouTube RSI Indicator Secrets: Powerful Trading Strategies to Profit in Bull & Bear Markets - Duration: 21:28. Rayner Teo 59,598 views Investopedia Stock Simulator How to get started Get invited, register, and join the game! For those that have asked to donate some love to the channel: PayPal Donation: https://www.paypal.me ... Get more information about IG US by visiting their website: https://www.ig.com/us/future-of-forex Get my trading strategies here: https://www.robbooker.com C... Share More. Report. Need to report the video? Sign in to report inappropriate content. ... Investopedia Stock Simulator Getting Started - Duration: 7:33. DrewTalks 47,511 views. 7:33 . Stock ... With all of the exchanging of currencies happening around the world, the exchange rates are constantly moving. At tradimo, you can learn the principles behind forex trading, technical and ...