Venezuela

Bolivarian Republic of Venezuela
Location	South America
Leader	President of Venezuela
Type	nation state
Interest of	William Camacaro, Eva Golinger, Dan Kovalik, Venezuela Solidarity Campaign
Member of	International Criminal Court, Organisation of American States, UN
Subpage	•Venezuela/Foreign Minister •Venezuela/President •Venezuela/Vice President
Venezuela possesses the world's largest oil reserves

Venezuela, officially the Bolivarian Republic of Venezuela, is a country on the northern coast of South America, consisting of a continental landmass and a large number of small islands and islets in the Caribbean Sea. The capital and largest urban agglomeration is the city of Caracas. It has a territorial extension of 916,445 km² (353,841 sq mi). The continental territory is bordered on the north by the Caribbean Sea and the Atlantic Ocean, on the west by Colombia, Brazil on the south, Trinidad and Tobago to the north-east and on the east by Guyana.

Fossil fuel reserves

Counting tar sands, Venezuela has the largest oil reserves of any nation state. Venezuela has the 8th largest gas reserves of any nation state, about 3% of total global reserves.

In March 2015 the administration of Barack Obama, at the urging of US oil corporations, declared Venezuela to be a “threat to the national security” of the US.

Thatcher encouraged Chávez coup

In 2002, a foreign-backed attempted coup failed to depose Hugo Chavez after a mass display of popular support.

In the context of the failed coup in Equatorial Guinea in 2004, former British PM Margaret Thatcher was said to have asked whether Simon Mann had yet met a group, led by a man called "Sanchos", who were seeking to remove Hugo Chávez from Venezuela. Mann wrote:

"No – I hadn't: but, Mark says, we are seeing him next day, in Eaton Place, just next door." He continues with Mrs Thatcher's reply: "'Good. Well, I hope that goes well too.' She looked at me with her imperial gaze. 'We must always look after our friends, Simon … as I'm sure you know.'"

Mann declined to comment.

BBC bias and lies

On 8 February 2019, Venezuela Analysis published an article entitled "The BBC and Venezuela: Bias and Lies", which began:

The mass media under capitalism is part of the state machine and uses its influence and “prestige” of being “objective” and “independent” to play an important role in the propaganda element. In the UK, the BBC has perfected its skills in preparing the population to accept that any coup that imperialism supports is justified. And this they have done about Venezuela.

"The BBC programme 'Revolution in Ruins: The Hugo Chavez Story', broadcast on 16 January, sought to prepare viewers to accept and support any moves against President Maduro, as the inheritor of Chavez’s legacy. And within a week, an attempted coup had begun!

Gold reserves

In November 2011, President Hugo Chavez ordered the repatriation of 85% of the country's bullion reserves (some 160 tonnes of gold, worth more than $11bn) to protect Venezuela's reserves from global economic turbulence:

"The gold is returning to where it was always meant to be: the vaults of the Central Bank of Venezuela," Mr Chavez said.

Critics suggested that Mr Chavez was acting out of fears that Venezuela's overseas assets could one day be frozen by sanctions, as happened to his friend and ally, the late Libyan leader Muammar Gaddafi.

Most of Venezuela's foreign gold reserves are held in London.

On 7 February 2019, Ken Livingstone joined protesters to demand that the Bank of England returns the remaining $1.3 billion of Venezuela’s gold. Livingstone said:

"The holding of this gold is part of the UK’s slavish following of Trump’s support for a coup and possible military intervention."

High Court ruling

On 2 July 2020, the UK High Court ruled against Venezuela's government in a legal battle over access to $1bn (£820m) of gold stored in the Bank of England. Judge Nigel Teare said:

"Her Majesty's Government does recognise Mr Guaidó in the capacity of the constitutional interim president of Venezuela and, it must follow, does not recognise Mr Maduro as the constitutional interim president of Venezuela."

Lawyers for the Venezuelan Central Bank, which brought the case, said they would appeal against the judgment.

Appeal allowed

In September 2020, the Maduro Board of the Central Bank of Venezuela successfully appealed to the Court of Appeal:

Question: Does Her Majesty's Government (formally) recognise Juan Guaidó or Nicolás Maduro and, if so, in what capacity, on what basis and from when? Answer: No. While such recognition is conclusive for the purpose of determining who is the de jure President of Venezuela, it leaves open the possibility that HMG may impliedly recognise Mr Maduro as the de facto President of Venezuela.

UK Supreme Court

On 19 July 2021, the Guaidó Board of the Central Bank of Venezuela appealed to the UK Supreme Court.

Independent journalist John McEvoy tweeted:

The proceedings can be viewed live here.

Here's the UK Supreme Court timetable, UKSC ruling expected 22 July

 

Events

Event	Description
2002 Venezuelan coup attempt	A failed CIA-backed coup attempt against President of Venezuela Hugo Chávez.
Caracazo	Police massacre of 2-3000 people after protest against collapsing neoliberal economy.

 

Groups Headquartered Here

Group	Start	Description
Andrés Bello Catholic University	600 JL	Top private university in Venezuela
PDVSA		Owned by the Bolivarian Republic of Venezuela
TeleSUR

 

Citizens of Venezuela on Wikispooks

Title	Born	Died	Description
Simón Bolívar	24 July 1783	17 December 1830
Henrique Capriles	11 July 1972		Part of one of Venezuela's richest families. World Economic Forum Young Global Leader 2012. Participated in coup attempt in 2002, ran for president in 2012 and 2013.
Hugo Chávez	28 July 1954	5 March 2013	64th President of Venezuela - probably assassinated with cancer-causing drugs.
Eva Golinger	19 February 1973		A crusading journalist in the cause of exposing US interference in Venezuela and Latin America generally. She has particular expertise in the circumstances surrounding the death of President Hugo Chavez
Gustavo Cisneros	1 June 1945		Venezuelan media mogul
Thor Halvorssen	9 March 1976		Venezuelan right wing activist
Moisés Naím	5 July 1952		One of only a handful of Bilderbergers from outside Europe and North America. Editor-in-chief of Foreign Policy magazine for 14 years.
Luisa Ortega	11 January 1958		Former Attorney General of Venezuela
Nino Pagliccia			Venezuelan-Canadian statistician who writes about international relations with a focus on the Americas.
Leo Rafael Reif	21 August 1950		President of the Massachusetts Institute of Technology. On the boards of the World Economic Forum, the Carnegie Endowment, the Council on Foreign Relations, the Broad Institute, etc.
Leamsy Salazar	1974		Hugo Chavez bodyguard in the years before his death
Carlos Vecchio	6 June 1969

 

Related Documents

Title	Type	Publication date	Author(s)	Description
Document:British military presence near Venezuela ‘extremely concerning’	Article	5 February 2019	Phil Miller	“Britain’s recent history of catastrophic military interventions should rule out any UK participation in Donald Trump’s attempts to destabilise a democratically elected government in Venezuela.”
Document:Canada Rejects Petition to Lift All Sanctions on Venezuela	Article	9 November 2018	Nino Pagliccia	While Canada chooses to speak of the “dire human rights and humanitarian crisis in Venezuela” – where there is none – it ignores, condones and rather endorses Saudi Arabia in the making of one of the worst humanitarian crisis in Yemen. That is the most vicious double standard that a “democratic” country can demonstrate.
Document:Canada sanctions 40 Venezuelans with links to political, economic crisis	Article	22 September 2017	Michelle Zilio	Foreign Minister Chrystia Freeland, MP for the Toronto district of University-Rosedale, said: "I have some Venezuelan Canadians living in my constituency and they have been really vocal … and have said our family, our friends, they need help and they're counting on Canada to speak up."
Document:Coordinating Regime Change in Iran and Venezuela	diplomatic communication	25 August 2010	Trowbridge Ford	Iran and Venezuela, prime candidates for regime change
Document:How Chrystia Freeland Organised Donald Trump’s Coup in Venezuela	Article	7 February 2019	Eric Zuesse	That’s what Ukraine, and now Venezuela, and many other US coups and invasions, are - and have been - really about. It’s about the ‘peace’ of the graveyard, NOT any democracy, anywhere at all.
Document:In Venezuela, White Supremacy Is a Key Driver of the Coup	Article	7 February 2019	Greg Palast William Camacaro	Four centuries of White Supremacy in Venezuela by those who identify their ancestors as European came to an end with the 1998 election of Hugo Chávez, who won with the overwhelming support of the Mestizo majority. This turn away from White Supremacy continues under Nicolás Maduro, Chavez’s chosen successor, who was re-elected in 2018 for a second six-year term.
Document:Is Oil Behind Washington’s Venezuela Coup Madness	Article	3 February 2019	William Engdahl	Leaving aside whether or not Maduro is a saint, the decision by President Trump to back the Bolton-Pence call for a US intervention in Venezuela may prove a fatal error for the Trump presidency.
Document:Sanctions of Mass Destruction: America’s War on Venezuela	Article	1 February 2019	Garikai Chengu	America’s largest export used to be manufactured goods made proudly in the United States. Today, America’s largest export is the US dollar. Any nation like Venezuela that threatens that export is met with America’s second largest export: weapons, chief amongst which are Sanctions of Mass Destruction.
Document:The Lima Group: International Outlaws	Article	4 February 2019	Christopher Black	Canada takes the lead in the aggression against Venezuela on Monday 4 February 2019 when it hosts a meeting in Ottawa of a group of international war crime conspirators, known as the Lima Group, a group of Latin American and Caribbean lackeys of the United States, including Mexico and Canada which was set up by the United States at a meeting in Lima, Peru on 8 August 2017 with the express purpose of overthrowing President Maduro.
Document:The Making of Juan Guaidó: How the US Regime Change Laboratory Created Venezuela’s Coup Leader	Article	29 January 2019	Dan Cohen Max Blumenthal	Juan Guaidó is the product of a decade-long project overseen by Washington’s elite regime change trainers. While posing as a champion of democracy, Guaidó has spent years at the forefront of a violent campaign of destabilisation in Venezuela
Document:The Relative Value of Life and Death	blog post	29 July 2024	Craig Murray	Israel has been bombarding Syria relentlessly from long before October 2023 and has continued unabated – and unreported by western media. Israel’s attacks on civilian areas of Damascus this last few weeks have been devastating. It is pretty obvious that any loose missile that dropped on Majdal Shams is likely to have come from Israel, which is slinging huge quantities of munitions into Syria and Lebanon with wild abandon.
Document:Venezuela critics are just Blairites having a kick at Jeremy Corbyn	Interview	7 August 2017	George Galloway Luke Dolan	For nineteen years the United States government and its secret agents have been trying to overthrow the Venezuela political process. Why might that be? Well, there are many reasons but the biggest among them has the smallest name: OIL.
Document:Venezuela, Iran: Trump And The Deep State	Article	22 May 2019	Thierry Meyssan	Sheikh Hassan Rouhani was the primary contact with the Western powers during the Iran-Contra affair. He knows Elliott Abrams personally and put the US deep state in relation with Ayatollah Akbar Hashemi Rafsanjani, who became the richest billionaire in Iran thanks to this arms traffic.
Document:What’s Not Being Said About the Venezuela Oil War	Article	17 February 2019	William Engdahl	The Venezuela Oil War Is Really About Huge Oil Reserves in the District of Guayana Esequiba
Document:What’s REALLY happening in Venezuela – from someone who knows	Interview	8 October 2017	SKWAWKBOX	Interview with Michael Prysner about Venezuela in 2017

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