jeudi 28 février 2019

China’s Discovery of Major Gas Reserves in the Bohai Sea: How Will it Affect LNG Gas Imports from the US?


The China National Offshore Oil Corporation (CNOOC) has confirmed  “the discovery of a high-quality and high-yield oil” in the Bohai Sea with   proven reserves of natural gas exceeding 100 billion cubic meters. (see RT News)
“The flow has been discovered in CNOOC’s Bozhong 19-6 gas field, China Central Televison reported. It is the largest oil and gas discovery in the Bohai Bay Basin in the past 50 years, and could be used by millions of city dwellers for hundreds of years, reports the China Daily.
According to Liu Baosheng, a project manager with the CNOOC, 11 wells have found oil and gas in the Bohai Sea, and a 12th well has reached 4,700 meters below the seabed.
Although the Bohai Oilfield is the second-largest crude oil production base in China, its discovered reserves in the past 50 years were mainly crude oil. Until now, few natural gas discoveries have been made due to the complex’s geological structure.”. (RT News quoting China Daily)
How will this major discovery in the Bohai sea affect the energy market, including the configuration of oil and gas pipeline corridors?
The CNOOC has confirmed that the Bohai natural gas would be directly transported to major Chinese urban areas through existing pipelines.
According to the Global Times: “Most domestic natural gas bases are located in western China, while 70 percent of the natural resource is used in the central and eastern part of the country”.
The Bohai discovery will reduce North Eastern China’s dependence on gas from Western China. It will also have an impact on the import of LNG via maritime routes.
The Bohai deposits are close to major urban areas including Beijing and Tianjin. Dalian is a strategic port in North Eastern China.

China is the world’s largest importer of natural gas and the second-largest of liquified natural gas (LNG).
In January, prior to the CNOOC announcement regarding the Bohai discovery, China announced plans to quadruple its LNG imports.
As of November [2018], Chinese LNG imports are up by a whopping 43 percent year-over-year. Total gas imports have grown by nearly one-third in the same period. (Forbes)
Coupled with the US-China trade war, will the Bohai  discovery have an impact on China’s import of LNG from the US?
*
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mercredi 27 février 2019


MICHAEL COHEN TESTIFIES TRUMP IS A RACIST 'AUTOCRAT’ WHO LIED ABOUT CAMPAIGN TIES TO RUSSIA AMID CONGRESSIONAL HEARING
OPINION
Socialism talk will sink Democrats: How left-wing overreach could backfire big-time in 2020

By RICHARD COHEN
FEB 25, 2019 | 8:00 PM



Ocasio-Cortez is not the answer. (GREGG VIGLIOTTI for New York Daily News)



I don’t quite know what a handbasket is, but the Democratic Party is heading in one to electoral hell with its talk of socialism and reparations. Given a Republican incumbent who has never exceeded 50% in Gallup’s approval ratings poll and who won the presidency thanks to a dysfunctional Electoral College, the party is nevertheless determined to give Donald Trump a fair shot at re-election by sabotaging itself. In fact, it’s veering so far to the left it could lose an election in 1950s Bulgaria.


Democratic socialist ideas appear to be making significant headway in the party. The Democratic part is fine, the socialism part is not. It suggests a massive government intrusion in the economy that has not worked elsewhere — post-war Great Britain or that contemporary mess called Venezuela — and that, in a cultural sense, is un-American. Time and time again, the American people have shown they want nothing to do with socialism. While socialist movements have at times been politically strong in Europe, such has not been the case in America. This, in fact, is one of the original meanings of the phrase “American exceptionalism.”


If Americans are not about to embrace socialism, they certainly are not about to support reparations. This proposal, which seems to have come out of nowhere, has the support of Elizabeth Warren, Kamala Harris, Julian Castro and Marianne Williamson. This supposed redress for slavery — nothing can redress slavery — polls abysmally. Sixty-eight percent of Americans oppose making payments to descendants of slaves, and 72% oppose paying reparations to African-Americans in general. Among whites, 81% oppose payments to descendants of slaves.


At the moment, these proposals are reassuringly vague: Who would benefit? Just the descendants of slaves? All African-Americans? What about the very rich? As you can see, this can get a bit complicated.




It can also can get dangerously divisive. The poll numbers cited above obscure a vast racial division. African-Americans and Hispanics feel differently. Only 35% and 47%, respectively, oppose reparations. Such a stark racial or ethnic difference does not bode well for a political party which is trying to woo the votes of whites who supported Trump the last time out.
[More Opinion] Cohen has just made Trump's crimes vividly clear »


It may prove hard to convince a low-paid Walmart worker that he or she owes something to the descendants of long-ago slaves. I pity the politicians who venture into that argument.


The problem for the Democrats at the moment is that much attention is being focused on political novelties such as Rep. Alexandria Ocasio-Cortez who espouse both socialism and reparations. She is ferociously telegenic, infectiously likable and clearly inexhaustible. She is also political poison, the product of a freak election in a New York City district where the past has taken root — socialism and a lot of rot about the evils of capitalism. She cheered Amazon’s decision to forsake New York for friendlier climes, taking at least 25,000 jobs with it. (Amazon Founder and CEO Jeff Bezos owns The Washington Post.) For a mere first-termer, this is quite an accomplishment. It usually takes much more seniority to do this much damage.


The Democrats need worthy candidates — some who can occupy the media’s idle hours in Iowa and remind America that the party is not in the least Trotskyite. Joe Biden would fit the bill. So would John Kerry and, of course, so would Mike Bloomberg. Kamala Harris, who has the necessary happy countenance of the successful politician, would suffice if, as I suspect, she turns out to be more moderate than she now appears.
[More Opinion] Why this de Blasio-Cuomo alliance matters »


Already Trump and other Republicans are going to town over socialism, which is about as real a threat to America as Mexican sociopaths clambering over the border, bearing drugs and, of course, infectious diseases. Moderate Democrats are having to answer for the provocative statements and tweets of their more radical colleagues, including of course, the now-retracted anti-Semitic tweets of Rep. Ilhan Omar, D-Minn. The GOP, ever-helpful, will ensure that they are not forgotten.


Trump is a rotten President who needs to be replaced. That is the solemn task of the Democratic Party. The President is a divisive, unpopular figure who can be defeated. But imprecations of socialism and endorsements of reparations are anathema to the electorate, socially and racially fragmenting a nation that urgently needs unity. They are both worn ideas — nostalgia trips for the radicals of old and freighted with failure. They ought to come boxed and nicely wrapped for what they really are — not a gift to the economically anxious or the racially aggrieved, but to Donald J. Trump.


cohenr@washpost.com

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Pence, Guaidó Fail to Secure Lima Group Approval for US Military Intervention in Venezuela

Pence, Guaidó Fail to Secure Lima Group Approval for US Military Intervention in Venezuela: Given recent statements from Guaidó and top U.S. officials – as well as the recent death threat against Maduro voiced by U.S. Senator Marco Rubio (R-FL) via Twitter – it seems that if the U.S. is determined to use military means to topple Maduro, it will likely have to do so unilaterally or clandestinely.

Juan Guaido: A Traitor to His People


Global Research, February 26, 2019
Radio Havana Cuba 22 February 2019
Region: Latin America & Caribbean, USA
Theme: History, Law and Justice



205
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The self-proclaimed “Provisional President of Venezuela,” Juan Guaidó, is an expert in dangerous actions, who — in pursuit of his unending ambition — will go down in history as a person that broke all the rules of decency and democracy.

Colombian journalist Rafael Croda recalls that Guaidó was elected Chairman of the Venezuelan National Assembly, a body that has proclaimed its unwillingness to accept the mandate of the duly-elected president of the country, Nicolas Maduro.

Since the President of Venezuela was elected by a sizable majority of the population in free, democratic elections, the step taken by Guaidó is unconstitutional.

The other two politicians that shared the leadership of his political formation are two criminals sanctioned by the courts. One is Leopoldo López, who is serving a term of house arrest, and the other is Freddy Guevara, a fugitive of justice who is enjoying temporary asylum in the Chilean Embassy in Caracas.

When the opposition group in the National Assembly managed to approve a decision that rejected the ample victory of President Nicolas Maduro in the recent elections, the Venezuelan Supreme Court of Justice rejected the Parliamentary decision. This was the opportunity of Juan Guaidó to proclaim himself Interim President of Venezuela, in open violation of the national constitution and the will of the Venezuela voters. In fact, the Venezuelan National Assembly was taken by surprise by the move of Juan Guadó. One possible explanation is that Mr. Guaido knew very well that the National Assembly would never choose him as provisional “president,” a move dictated by Guaidó’s ambitions and by his masters in Washington.
Venezuela: Opposing White Supremacy and Big Oil Interests

This overly-ambitions person has broken all constitutional rules in Venezuela, but apparently he and his boss, Donald Trump, couldn’t care less. Guaidó’s master, with eyes fixed on Venezuela’s oil and other valuable mineral reserves, was quick to extend diplomatic recognition to his Venezuelan protege and was able to get many Western European nations to follow suit.

Guaidó himself showed his true self when he tearfully called for a military intervention against his own country, even if he knows that such a move will spread death and destruction in Venezuela.

If this aggression takes place, every single death, every single injury, every single tear, every desolated mother or fatherless child, will fall upon this worthless human being.

If the U.S. attack on Venezuela takes place, every single victim will fall upon the conscience of Guaidó and his protector: Donald Trump.

They should know, however, that it won’t be easy. Latin America and the people of the world are backing the Venezuelan people and their inalienable right to rule themselves and protect their resources from foreign imperialists and their local henchmen.

The aggressors are properly identified and their names will be inscribed in the world’s memory as what they are: traitors!

*

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lundi 25 février 2019



Why Canada wants regime change in Venezuela

Push against Maduro government related to economic interests across Latin America


Analysis by Urooba Jamal

FEBRUARY 25, 2019

Share this
In a well-fitted sports jacket, with one hand over his heart and the other clasping the constitution, the previously unknown Juan Guaidó declared himself interim president of Venezuela against democratically elected Nicolás Maduro. It was 61 years to the exact date since Venezuela's U.S.-allied dictatorship of General Marcos Pérez Jiménez fell. The difference this time? The United States has changed who is dictator, and thrown its weight behind the self-styled vanquisher.

Guaidó spoke to U.S. Vice President Mike Pence the night before his Jan. 23 proclamation, receiving a pledge he would be supported by the U.S. government. After the White House’s immediate recognition, several countries quickly followed suit. Leading the trail of conservative Latin American governments from Argentina to Paraguay was Canada. The event was highly coordinated: Ottawa was alerted to Guaidó’s announcement prior, while Foreign Affairs Minister Chrystia Freeland congratulated him two weeks earlier for “unifying opposition forces,” the Globe and Mail reported.
“I fail to understand why Canada is supporting yet another right-wing coup in Latin America, and why it is giving aid and comfort to Mr. Trump”

This is no revelation: since Aug. 8, 2017, Canada has assumed leadership of the Lima Group, an ad-hoc alliance that includes 14 (of 33) member states of the Organization of the Americas (OAS) that banded together to target Venezuela’s government when their attempts to do so within the OAS failed. What is less examined is Canada’s singular interest in Venezuelan affairs. Its presence elsewhere in the region, especially in mining activities, and its economic allyship with the right-leaning countries of the Lima Group offer some explanation.
Dissent against Lima Group

The last Lima Group meeting, held in Ottawa on Feb. 4, featured the announcement that Guaidó and his opposition-controlled National Assembly would be joining the alliance. Canada also announced new aid to countries neighbouring Venezuela, including Brazil, Peru and Colombia, as Freeland called on “all democratic countries” to join in Venezuela’s “peaceful transition.”

As Canada continues to drum up support for its position globally, a slow flicker of dissent across Canada has been fomenting — and it was evident at the last Lima Group meeting, where about 50 people showed up to protest. While Freeland spoke at the meeting’s closing press conference, two people rushed in front to unfurl a banner that read “STOP the plunder! OUT of Venezuela!” Based in Toronto, these Indigenous Mapuche women from Southern Chile are part of the Women's Coordinating Committee for a Free Wallmapu.

“Given the censorship of alternative media, we felt it was important to voice that not all Canadians feel the same way,” Y.A. Montenegro, one of the protestors, told Ricochet. Montenegro explained that accreditation for the press conference had been withheld from certain international media outlets, including Telesur, without explanation.

When Montenegro and the other protesters were escorted out, Freeland remarked that political protesters in Canada “enjoy a democracy” that political protesters in Venezuela do not.

“It’s really ironic, because they were literally censoring media groups,” Montenegro said of the foreign affairs minister’s response.

At the time of writing, Freeland’s press secretary, Adam Austen, had not responded to a second interview request.
Taking away right to vote

Under the Magnitsky Act and the Special Economic Measures Act, Canada has imposed three rounds of sanctions on Venezuela, which have been condemned by the United Nations Human Rights Council. Since 2017, it has also expelled Venezuela’s top diplomat, taken Venezuela to the International Criminal Court, and banned Venezuelan Canadians from voting in Venezuela’s May 2018 elections.

“I was going to vote at the Venezuelan Consulate in Vancouver,” Venezuelan-Canadian activist and writer Nino Pagliccia told Ricochet, adding that he was going to be a witness to the election as well. “When we were not allowed to vote, this came as a very big shock. This is a government taking away my right to vote.”

Pagliccia explained that Canada had declared the elections illegitimate before they had even taken place.

“I was very annoyed, frustrated and upset,” he said of the Canadian government’s actions, recounting how he has participated in nearly every federal, provincial and municipal election in Canada for the past 35 years he has lived in the country.
Canadian labour and civil society groups object

Elsewhere, progressive reaction to the Canadian government’s position has seen opposition from organized labour, including Canada’s largest union, CUPE. The New Democratic Party has released a mixed set of responses, while Canadian NGOs like CoDevelopment Canada say that Canada’s actions are violations of both the OAS and UN charters.
“Canada has lost all of its credibility as a country that defends democracy and human rights.”

According to a former independent UN expert on the promotion of a democratic and equitable international order, Alfred de Zayas, who visited Venezuela in 2018 to assess the country’s crisis, international sanctions on Venezuela — including by Canada — have aggravated the situation and are “criminal,” violating multiple charters.

“This is a matter of the International Criminal Court, because this sort of behaviour is not only a violation of fundamental principles of international law, it entails violations of the UN Charter, OAS Charter (chapter 4, article 19), as well of the Statute of the International Criminal Court, article 7 of which defines ‘crimes against humanity,’” de Zayas told Ricochet through email. “Canada has lost all of its credibility as a country that defends democracy and human rights.

“To the extent that there has been an increase in maternal mortality, infant mortality as a result of the financial blockade and sanctions, Canada is complicit and has both civil and criminal responsibility.”
Canada on the international stage

While the Lima Group is relatively new, Canada has been supporting the opposition in Venezuela for at least two decades. As Yves Engler, political commentator and author of Left, Right: Marching to the Beat of Imperial Canada writes, Ottawa has sent millions of dollars to opposition NGOs such as Súmate, inviting its leader, Maria Corina Machado, to Canada, shortly after a failed August 2004 referendum to oust the late Venezuelan leader Hugo Chavez, Maduro’s predecessor.

According to Todd Gordon, assistant professor of law and society at Wilfrid Laurier University and author of Blood of Extraction: Canadian Imperialism in Latin America, years of support to Venezuela’s opposition explain Canada’s role in the international arena as well as its interests in Latin America as a whole.

“The ideological commitment of the Canadian government to overthrow Maduro and promote the opposition in the country is because of its neoliberal and reactionary politics,” Gordon told Ricochet. “Canada is committed to the assertion of its powers in poorer countries in order to access their resources and labour.”

Comparing the United States to Canada, Gordon remarked, “It’s a bit more complicated for the U.S. to play the role (that Canada is) because it has way more baggage in the region.”

“Canada prides itself in being non-imperialist and appearing that way in international media,” he explained, adding that its leadership in the Lima Group and position on Venezuela seem less “aggressive” than the same one held by U.S. officials such as John Bolton or Elliot Abrams, because the Trudeau government perceives itself as “centrist.”

Canada’s actions in Venezuela have at least one watchdog worried. Mining Watch’s Latin America coordinator, Kirsten Francescone, told Ricochet that the organization’s “biggest concern” is that Canada’s moves in Venezuela “could potentially be an opening for Canadian mining companies.”

“A push to open up Venezuela could be a push to open up its resources,” Francescone said, explaining that Venezuela has the world’s largest oil reserves and that its gold mines in particular — with gold being the number one metal extracted by Canadian companies in Latin America — are of Canadian interest.

Canadian mining companies have already reaped benefits despite Venezuela’s ongoing crisis, having sued Venezuela for nationalizing its gold mining sector. According to a report to be published in February 2019 by MiningWatch Canada and the Institute for Policy Studies, companies including Crystallex, Rusoro and Gold Reserves Corp. have been awarded $2.9 billion in investment settlement dispute claims' awards, because of the Venezuela-Canada Bilateral Investment Treaty.
Canadian mining violence in Latin America

The presence of Canadian mining companies in Latin America, at least in part, explain its alliances and interests in the region, according to Francescone. The majority of mining companies in the world have their headquarters in Canada, while 41 per cent of the large mining companies in Latin America are Canadian.

According to a landmark 2016 report by the Justice and Corporate Accountability Project, a legal clinic associated with two Canadian law schools, Canadian mining companies contribute to violence and act with impunity in the region. The first investigation of its kind, the report documented 44 deaths, 403 injuries and 709 cases of criminalization involving 28 Canadian companies in 13 Latin American countries over a 15-year period.

Canadian mining companies have long been getting away with this, explained Francescone, because “there is no legal recourse, so companies are basically immune.”

“Our own policies encourage our companies to work abroad,” she added.

According to Gordon, whose book explores violent displacement due to Canadian extractivism in Latin America, countries whose economies are open to foreign investment are Canada’s allies. Unsurprisingly, these countries include those in the Lima Group.

The past year and a bit has seen a frenzy of elections in Latin America, from Honduras’s in November 2017 to, most recently, Brazil’s in October 2018. Canada’s response to these elections, and its overall relations with Honduras and Brazil — both part of the Lima Group — offer two compelling examples of the contrast in relations that Canada has had with Venezuela and why it is pushing for a change of government under the leadership of Guaidó.
Canada and Honduras: From coup to contested elections

The last Honduran election was met with widespread allegations of election irregularities. As protests erupted in its wake, at least 23 people were killed and hundreds more injured by the state’s subsequent quelling of the protests. The Office of the High Commissioner for Human Rights (OHCHR) had said the “excessive” and “lethal” force used by Honduran security forces “may amount to extra-judicial killings.”

Canada was slow to release any statement, and when it did, it hardly contained an acknowledgement, let alone condemnation, of the incumbent government or its post-election violent repression. The muted response of a highly disputed election stands in stark contrast to Canada’s statement on Venezuela’s May 2018 elections.

Canada’s response is unsurprising given its welcome of the 2009 military coup that ousted the democratically elected president, Manuel Zelaya. The prime minister at the time, Stephen Harper, was the first foreign leader to meet with the post-coup government led by President Porfirio Pepe Lobo. The announcement of the Canada-Honduras Free Trade Agreement came soon after.

When Zelaya was elected in 2006, he called for a ban on open pit mining, was redrafting the country’s mining law, and had put an end to new mining concessions. The coup arrived before the new mining law could be read before Congress.

Canadian mining corporations including Yamana Gold, Breakwater Resources and Goldcorp all have investments in the country, and have since at least 1998, when Honduras was opened up to 40 Canadian companies as part of a $100-million aid scheme that Canada offered shortly after Hurricane Mitch ravaged the Central American nation. Since then, mining by Canadian companies has grown to become 90 per cent of all foreign investment in Honduras. The Justice and Corporate Accountability Project report links Canadian companies to one death, 10 injuries, 15 warrants and legal claims, and 85 arrests, detentions and charges.

“Honduras offers zero challenges in Latin America,” said Gordon. “It’s our friend and ally because the repression there is not a threat to Canadian economic interests.”
Deepening Canada-Brazil ties under Bolsonaro

South of Honduras, elections in Latin America’s largest country saw the far-right Jair Bolsonaro come to power in what was a stunning endorsement of his well-documented sexism, racism, homophobia and nostalgia for Brazil’s dictatorship years. Just weeks into his presidency, Brazil has already seen a rollback of policies spanning women’s rights, environmental protections, Indigenous rights and more.

While Freeland’s statement following the October election was terse, it offered no criticisms, and instead pledged hope for the maintenance of “strong bilateral ties between the two countries.”

This collaboration was evident on Jan. 23, the day of Guaidó’s declaration as interim president, when several countries from the Lima group announced their endorsement of the Venezuelan leader from the World Economic Forum in Davos, Switzerland. Freeland stood alongside Bolsonaro, as well as Colombia’s President Iván Duque and Peru’s Vice President Mercedes Aráoz, as they shared their recognition on behalf of the alliance one by one.

Last month, Prime Minister Justin Trudeau sidestepped a question about his support of Bolsonaro at a town hall meeting, where he defended Ottawa’s policies towards Venezuela, Global News reported.

Canada’s current alliance with Brazil is preceded by its support of the government of Michel Temer, the most unpopular president in Brazil’s history, who came to power in 2016 after the impeachment of President Dilma Rousseff, which was widely regarded as a coup by many in Brazil.

Canada-Brazil relations soured under Rousseff when documents leaked by whistleblower Edward Snowden indicated that the Communications Security Establishment Canada had been surveying the Brazilian Ministry of Mines and Energy. The more than 40 Canadian mining companies active in Brazil then were shortly put under suspicion.

According to Francescone, there are currently 70 Canadian-owned mining projects in Brazil, including that of the Belo Sun Mining Company, which has been mired in controversy with regards to its Volta Grande project, which is expected to become Brazil’s largest gold mine.

“We’re particularly concerned about (the election of) Bolsonaro because he has been talking about deregulations that may open up the door for environmental disasters,” said Francescone. “We’re concerned about Canadian mining interests … under Bolsonaro.”

This year’s Prospectors and Developers Association of Canada convention — the Canadian mining industry’s largest annual convention — to be held in Toronto in March will feature a whole day on Brazil. This, Francescone explained, is a pretty good indicator of the industry’s priorities in the upcoming year.

As CBC’s Chris Arsenault made clear in his report following Bolsonaro’s election, “losses for the Amazon rainforest under Bolsonaro could spell big gains for Canadian investors.”
Another ‘right-wing coup’ in Latin America

As Canada continues to rack up support for its position through diplomatic means, a rising consciousness — both within and outside the country — is questioning the Liberal government’s true motives. While Canada’s history in Latin America hardly rivals that of the United States, its decades-long economic ties and emerging alliances are raising new questions.

For de Zayas, who was once a Douglas McKay Brown Chair in Human Rights at the University of British Columbia, Canada’s actions are “an absolute disgrace, a moral debacle.”

“I fail to understand why Canada is supporting yet another right-wing coup in Latin America, and why it is giving aid and comfort to Mr. Trump,” he stated.

“The only way out of the crisis is through international mediation and dialogue. That is what both the UN Secretary General António Guterres and the High Commissioner for Human Rights Michelle Bachelet want,” he continued. “They do not condone regime change imposed by the U.S. and a handful of rich countries.”

For Pagliccia, who calls both Canada and Venezuela home, Canada’s intervention is highly misplaced.

“It is a shame to see Canada do this.”
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Guaidó-USAID Trucks Torched on Border


By Kurt Nimmo
Global Research, February 24, 2019
Region: Latin America & Caribbean, USA
Theme: Law and Justice, Police State & Civil Rights



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The “humanitarian aid” false flag has devolved into violence on the Francisco de Paula Santander bridge in Venezuela.

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.

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WorldCentralKitchen
✔@WCKitchen

· Feb 23, 2019

Replying to @WCKitchen


Second humanitarian aid truck is now on fire as well. The truck has exploded. #Venezuela




WorldCentralKitchen
✔@WCKitchen



All aid trucks on the Francisco de Paula Santander bridge to Venezuela are now on fire — the cargo was able to be removed from the last truck and taken back across the bridge into Colombia. #Venezuela pic.twitter.com/ivzk2Ai9Db
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3:17 PM - Feb 23, 2019
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Amir Richani@amir_richani
· Feb 23, 2019



Venezuelan armed forces throw tear at civilians safeguarding the humanitarian aid at the Simon Bolivar bridge.

They have also burned the aid carried by two trucks.

Aerial picture of what is happening - not mine#23feb #breaking #venezuela




Amir Richani@amir_richani


Venezuelan security forces attack trucks carrying humanitarian aid.

Clashes between security forces and protesters at the Simon Bolivar breach continue. #breaking #23feb #venezuela #23FAvalanchaHumanitaria
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3:30 PM - Feb 23, 2019
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BREAKING: Violence amid protests and clashes at Venezuela's borders, as efforts ramp up to force foreign humanitarian aid into the country, despite the Maduro regime's efforts to keep it out.
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Meanwhile, in Santa Elena de Uairén near the Venezuela-Brazil border, gunfire has erupted.




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Heavy gunfire heard in Santa Elena de Uairén near the Venezuela-Brazil border; reports of injuries and possible fatalities
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3:20 PM - Feb 23, 2019
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The Cynicism of Empire: Sen. Rubio Tells Venezuelans to Overthrow Their Government…or Starve!

Imagine the response if Venezuela tried to drive a caravan of “humanitarian aid” across the border in McAllen, Texas, Nogales on the Arizona border, or the crossing in California at Mexicali. It would likely resemble Bush the Elder’s Highway of Death in Kuwait.

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Antoine Bousquet@AJBousquet



Aerial view of "The Highway of Death" on which Iraqi forces suffered devastating losses at the hands of Coalition Forces as they retreated from Kuwait in February 1991. Between 1,400 and 2,000 vehicles were destroyed or abandoned.
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5:43 AM - Feb 21, 2019
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Meanwhile, there was an opportunity for Juan Guaido, the self-proclaimed leader of Venezuela, to partake in a photo-op.




Ruptly
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#Guaido mounts humanitarian aid truck headed to #Venezuela#Colombia #23FAvalanchaHumanitaria
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3:15 PM - Feb 23, 2019
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This was played up by Trump’s neocon national security adviser, John Bolton. He said earlier the next target is Nicaragua and its leader, Daniel Ortega.


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The U.S. has provided critically needed aid for the people of Venezuela. Now is the time for Venezuelan military to allow aid through the border. As Interim President Guaido said today “Those who accompany us to save the lives of Venezuelans are true patriots.”
Juan Guaidó
✔@jguaido


Rueda de Prensa. #AyudaHumanitaria https://www.pscp.tv/w/b0FewjUwMjc4NDN8MVlxR29yZFdOeU1LdjlJubDPXE_iOJueXDR8NwKcyexesU1DLbDnagUZ8Y0T …

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Victor Kuhnovets@vicktop55



Amid Washington's crude attempts to carry out regime change in Venezuela, John Bolton already threatens the next victim - Nicaragua is in the cross-hairs now. via Angelina Siard
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If you ever had doubt Bolton and the neocons are living in 1963 during the height of the Cold War, consider the following tweet.




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National security adviser John Bolton: "Some people call the country now 'Cuba-zuela' reflecting the grip that Cuba's military and security forces have on the Maduro regime. We think that's a strategic significant threat to the United States" http://abcn.ws/2GajOxz
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Carly@CarlyJMorris



“On November 1, 2018, Bolton denounced Nicaragua, Cuba, and Venezuela as a “troika of tyranny” and saying that he looks forward to watching their governments fall.” (by K. Livingstone) https://www.rt.com/op-ed/450711-us-venezuela-nicaragua-cuba-coup/ …

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It’s not just Venezuela: Nicaragua & Cuba also on the way of American imperialism – K. Livingstone...

Both historical and current experience in Central and Latin America shows the social progress and people’s rights are not things that are on the agenda of US-installed regimes.rt.com

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It looks like the situation on the border will devolve into violence and the US will use this to argue for military intervention, either by the US or in combo with Brazil and especially Colombia. The sanctions imposed on the country will take too long for impatient neocons.

The incidents on the border crossings in Venezuela are a great propaganda victory for the US. It’s not clear who is responsible for torching (and possibly bombing) “aid” trucks on the Francisco de Paula Santander bridge, but the blame was quickly placed on the Maduro and the Venezuelan military.

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Note to readers: please click the share buttons below. Forward this article to your email lists. Crosspost on your blog site, internet forums. etc.

This article was originally published on the author’s blog site: Another Day in the Empire.

Kurt Nimmo is a frequent contributor to Global Research.
The original source of this article is Global Research
Copyright © Kurt Nimmo, Global Research, 2019

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dimanche 24 février 2019



FAT CATS SMOKING BIG CIGARS BEHIND GOLDEN DOORS


Giggling onto avoid downfall of the US « establishment »


By Daniel Paquet                                               dpaquet1871@gmail.com

« Tackling income and gender inequality can have a huge economic impact »,
- says Christine Lagarde
(Managing director of the International Monetary Fund)
Towards a legacy of inclusion

« What kind of a legacy do we want to leave? It is a question we need to ask ourselves as we seek to solve the great challenges of the 21st century. The United Nations’ Sustainable Development Goals (SDGS) embody the contours of the world we want and need: fairer, free of poverty and deprivation, a world that respects natural limits.

The SDGS overlap with the mandate of the International Monetary Fund to the extent that they affect sustainable and inclusive economic growth. They are the antidote to the loss of trust in institutions of all kinds, and the loss of faith in global co-operation. To achieve these goals by 2030, we must place emphasis on inclusion—both in terms of income inequality and gender equity. This should be a priority for 2019 and beyond.

Start with income inequality, which has become one of the global economy’s greatest challenges. Some regions have seen remarkable progress in reducing poverty and expanding the middle class over the past few decades. But although inequality has been reduced among countries, this has not happened within countries.

Since 1980 those in the top 1% globally have seen twice as much of the gains from growth as the bottom 50%. Over that period, income inequality has been on the rise in most advanced economies. This is partly due to technology, partly to global integration and partly a result of policies that favour capital over labour.

The implications are alarming. In advanced economies, rising inequality is contributing to the withering away of entire communities and ways of life. It is leading to the unravelling of both social cohesion and a sense of a common destiny. And it is fuelling the growing tendency to replace deliberation with demonisation, partnership with parochialism.
Inequality undermines the idea of a meritocratic society, as a small minority gain access to the many tangible and intangible benefits needed to get ahead, whether it is education, cultural enrichment or well-placed connections. Such exclusion, whereby inequality of outcomes feeds through to inequality of opportunities, hurts productivity because it deprives the economy of the skills and talents of those who are excluded. »  (Lagarde, Christine, Towards a legacy of inclusion, The World in 2019, The Economist, London, page 96).
The wild-cats then perused on the latest report from Junior, pet name of Canada by US well-to-do.  In New York, they appreciate that this « independent » country – doing 75% of its business trade with USA - knows how to behave properly with Uncle Sam.
« Global economic growth is expected to moderate to a more sustainable pace of around 3­ 1/2 per cent in 2019 and 2020. Growth in the second half of 2018 is estimated to have eased by somewhat more than forecast, due primarily to temporary factors in the euro area and Japan. The US economy remained robust, supported by fiscal stimulus. The global outlook continues to face important uncertainties. The United States and China have taken some positive steps but have not yet reached an agreement on trade issues. The dispute is reducing US–China trade in products subject to the increases in tariffs and is weighing on activity and sentiment globally.
Among other geopolitical tensions, the future of Brexit is unclear as the scheduled date for the United Kingdom’s departure from the European Union approaches. The nature and timing of any resolution of these issues are difficult to predict. The Bank continues to incorporate the adverse effects of uncertainty and the impact of tariff actions into its outlook. The impact of the US–China tariffs discussed in the last Report remains in place in the Bank’s base-case projection, with the exception that the tariff increases scheduled for January are now delayed until Spring. The Bank’s base case continues to assume an orderly Brexit, with modest negative effects from uncertainty.
The confluence of trade conflicts, geopolitical tensions and emerging signs of their economic impacts is leading markets to reassess global growth prospects and reprice most asset classes. Many private sector forecasts for global growth have been revised down. There has been no net change in the Bank’s forecast for growth in 2019 because impacts of trade and geopolitical tensions had already been incorporated. Oil prices have fallen since the October Monetary Policy Report, driven by stronger supply and concerns about weaker global demand. Lower oil prices are expected to provide a modest boost to growth in oil-importing countries while dampening growth for oil exporters. Note: In the first round of tariff hikes, the United States imposed an additional duty of 25 per cent on US$50 billion worth of Chinese imports. China responded by imposing the same additional duty on US$50 billion worth of US imports. In the second round of tariff hikes, the United States imposed an additional duty of 10 per cent on another US$200 billion worth of Chinese imports. China responded by imposing an additional duty of 5 to 10 per cent on another US$60 billion worth of US imports. Sources: United States Census Bureau and Bank of Canada calculations.
A tightening of corporate credit conditions has been particularly evident in the North American energy sector, given the decline in oil prices. In 2018, central banks in many countries were taking steps to gradually normalize monetary policy. Amid indications that trade and geopolitical tensions are taking a toll on activity, markets now anticipate that major central banks will withdraw less monetary stimulus in 2019 than previously expected. In conjunction with falling government bond yields, the US yield curve has flattened further. Meanwhile, portfolio inflows to emerging-market economies (EMEs) have resumed since a mid-year sell-off, and most EMEs have seen their currencies appreciate from the low levels of last year. Oil prices have declined materially Global oil prices have recently averaged about 25 per cent lower than assumed in the October Report. Steadily increasing US oil production has been an important driver of the low prices. Global oil output was estimated to be about 3 million barrels per day higher in the fourth quarter of 2018 than in the same period in 2017, about two-thirds of which was due to higher US production (Chart 4). Since October, rising US shale production and output from members of the Organization of the Petroleum Exporting Countries (OPEC) have contributed to the price declines, alongside concerns that trade and geopolitical risks could weigh on global demand. Chart 3: Markets are repricing risks across asset classes Daily data a. Equity prices Index: January 2, 2018 = 100 Canada—S&P/TSX Composite United States—S&P 500 Euro area—STOXX 50 China—SSE Composite MSCI Emerging Markets b. Spreads relative to US Treasuries US high-yield non-energy corporate bonds US high-yield energy corporate bonds Emerging-market sovereign bonds Note: The spreads are the option-adjusted spreads between US-dollar-denominated bonds and US Treasuries. Sources: Bloomberg L.P., Bank of America Merrill Lynch and Bank of Canada calculations  
Looking ahead, OPEC and some non-OPEC oil-producing countries have agreed to cut output over the first half of 2019 to help offset some of the supply increases. In Canada, mandatory production curtailments for 2019, announced by the Alberta government in early December (2018), have narrowed the differential between prices received by western Canadian producers and global benchmarks (Box 1, page 9). There is considerable uncertainty around the future path for global oil prices. The most important considerations are whether supply continues to outpace demand and whether market concerns about the US–China conflict abate. The Bank’s non-energy commodity price index is modestly weaker than in October. The market reassessment of global growth prospects has been reflected in further declines in prices for base metals and agricultural products. US growth is expected to ease to a more sustainable pace The US economy has continued to expand at a pace well above potential in recent quarters. Consumption growth has been bolstered by the strong labour market and the 2018 tax cuts. Business investment growth continues to be healthy, even though it has softened recently. Meanwhile, residential investment is being held back by deteriorating affordability and supply constraints. Trade in goods subject to increases in tariffs has declined in recent months, with agricultural and steel and aluminum products most affected. There are signs that US producers facing higher tariffs from China are finding new markets, which has helped mitigate the impact of the tariffs on total exports. For instance, US exports of agricultural products to countries other than China have increased sharply. Over the projection horizon, growth of US gross domestic product (GDP) is expected to moderate to around 2 1/2 per cent in 2019 and around 1 1 1/2 per cent in 2020. This leaves US growth somewhat below the Bank’s  Global supply has weighed on crude oil prices Quarterly data Market balance.  Note: Market balance refers to the difference between production and consumption. Sources: International Energy Agency and Bank of Canada calculations. The slowdown mainly reflects the waning of fiscal stimulus, the adverse impact of trade actions and related uncertainty, and less accommodative monetary policy. Core inflation has remained close to 2 per cent in recent months and is expected to stay near the Federal Reserve’s inflation target as growth moderates. Euro area growth has disappointed Growth in the euro area was weaker in the third quarter of 2018 than expected. The auto sector played a key role in the weakness because automakers were adjusting to new emission standards. Recent survey data indicate a broader softening in both services and manufacturing activity, suggesting that trade policy uncertainty and geopolitical tensions are starting to have a negative impact on the economy. Consumer confidence has fallen in the face of fiscal challenges in Italy, renewed uncertainty about Brexit and social unrest in France. The labour market has nonetheless continued to improve, as reflected by rising wage growth. The Bank expects the euro area economy to grow at a rate just 12.5 demand and low oil prices. Core inflation remains subdued and is anticipated to rise only gradually. Growth in EMEs is moderating
Growth in China is expected to moderate from around 6 1/2 per cent in 2018 to just below 6 per cent in 2020. Policy-makers are continuing to provide support to offset headwinds from trade tensions and deleveraging. The adverse effects of trade tensions have become more evident in survey data about Chinese manufacturing. Authorities have encouraged more bank lending, particularly to small and medium-sized enterprises, and have announced expansionary fiscal measures. The financial stress experienced by Argentina and Turkey in 2018 is expected to continue to temper growth in oil-importing EMEs in 2019. Growth in this group of countries is anticipated to recover to around 4 1/2 per cent in 2020. Growth in oil-exporting EMEs has been revised down relative to the October Report, given the fall in oil prices. In addition, job growth has been strong, the unemployment rate is at a 40-year low and inflation is close to the target. » (Bank of Canada, Global Economy, Monetary Policy Report, Ottawa, January 2019, pages 1-5).
Curled up in their leather armchairs, the « kittens » agree that America needs a new « gourou », especially for the youth, or rejuvenate the Chicago School of Economics.  Or, let’s upon up the money bags :  but not too much!
Why?  For instance «… an Italian debt crisis is not just Italy’s business; it’s Europe.  A new crisis could turn all that Italian debt to junk. » (Reguly, Eric, Italy’s finances could clobber Europe’s banks, Report on Business, Toronto, Saturday, February 9, 2019, page B4).
Fortunately enough for capitalists around the world, « canadian banks enjoy an oligopoly and their long-time returns have been excellent.  To take one example, Royal Bank of Canada has posted an annualized total returns of about 12.5 per cent  over the past 20 years, assuming all dividends had been reinvested.  Banks also have some of the srongest dividend growth records in Canada.  Royal Bank – which hiked its dividend by 4 per cent when it announced first quarter earnings (in February 2019) – is now paying more than twice as much as it did in 2010. » (Heinzl, John, How much bank exposure is too much?, Report on Business, The Globe and Mail, Toronto, Saturday, February 23, 2019, page B12).
Aren’t they lucky those poor souls, communism is now completely disbanded.  More, ideas of Marx and Lenin are no more taught.
While rich capitalists are celebrating with champagne, vodka and caviar, communist ideology states that «… the emancipation of the workers must be the act of the working class itself.  All the other classes of present-day society stand for the preservation of the foundations of the existing economic system.  The real emancipation of the working class requires a social revolution – which is being prepared by the entire development of capitalism – i.e. the abolition of private ownership of the means of production, their conversion into public property, and the replacement of capitalist production of commodities by the socialist organization of the production of articles by society as a whole, with the object of ensuring full well-being and free, all-round development for all its members. » (Lenin, On the Organizational Principles of a Proletarian Party, Novosti Press Agency Publishing House, Moscow, 1972, pages 88-89).

The toilers of America must know that  the coming generations are : Youth with a Future! »


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