Franz J.T. Lee, January, 2005

Venezuela's possible black-golden future

Alfredo Bremont wrote a most interesting commentary: "The US shooting Venezuelan (Russian built) MIGs could be really dangerous."  He summed up the current politico-economic global context of the Venezuelan Bolivarian Revolution as follows:

"In this decade black gold has displaced the yellow one ... it is no longer how many billions of gold bars that a nation has in his national bank reserves that signify anything, but rather how many billions of petrol reserves you have. ... The Venezuelan bolivar should break away from parity with the US dollar and create its own measure ... Venezuelan oil reserves are valued more than gold bullion in a bank."

Certainly the above is true, but we are still far away from creating our "own measure": A South American Bank. Furthermore, it is not just a simple matter of quantitative "investment":

" ... in our Venezuelan reality a US$ is worth 2,000 bolivares ... you need, more bolivares for a dollar than dollars for a bolivar." ... that is, to decree that a bolivar is worth US$ 2,000.

In his own words, fully aware of this, Alfredo explained the qualitative nature of international finance very well. Furthermore, he told us that "to win in this global 21st century you had better reflect."

To reflect scientifically means to think, to theorize, to philosophize ... to see the "big picture" in the "small raindrop". This implies to look before you leap, to ask questions before you shoot. Now, let us look at possible future consequences of such a delicate scenario.

One of the major reasons why Iraq was attacked was precisely that she was switching to a future Petro-Euro. Iran also has this in mind, the current reaction of the USA is obvious. Now, imagine the dramatic situation, if Venezuela should also threaten with a similar move, or even with an alternative "South" world currency, for example, with a "chavez", that is worth one Euro.

Let us quote extensively, what Ruppert has to say, to see the vast measures of such an attack against North American corporate imperialism:

"... when the run on the dollar begins, OPEC will inevitably at some point switch its pricing to the Euro, which the entire world is wrangling - much to Europe's chagrin - into not only a safe-haven currency, but a profitable one. The next house is being built before the old one is abandoned."

How would the Bush clique take this?

Michael Ruppert explains:

"... it will be as if the rest of the world declared war on the United States of America by launching a missile, dropping a bomb, or landing an army at Bethany Beach, Delaware. That this will lead ultimately to widespread global warfare seems certain. This is exactly the way the administration is setting it up to appear to the American people. Think of 9/11 times fifty."

And, what would be the argument of Big Brother?

Simply: "They hate us because of our freedom."

All this would be tantamount to a direct physical attack, the military results would be devastating. The American economy would be in shambles, and the innocent, ordinary American people would experience a domestic Fallujah. Of course, in such a scenario, for the time being, Iran or Venezuela would get a new lease of life. It would be suicide for North American to invade them.

Generally, as Clausewitz already indicated, when world powers collapse, a dangerous vacuum results, that immediately will prompt bloody, genocidal wars, fierce military competition among the future masters of the globe. In this case, it will be the "scramble for black gold", for energetic resources, and there we will go again. And, like elsewhere, also Venezuela's future will become black and golden at the same time.

What this implies immediately, perhaps in 2005 already, on November 23, 2004, the Boston Herald told us what Stephen Roach, the economic "think-tank" of Morgan Stanley, has to say:

"Roach met selected groups of fund managers downtown last week, including a group at Fidelity. His prediction: America has no better than a 10% chance of avoiding economic "Armageddon."
"Press were not allowed into the meetings. But the Herald has obtained a copy of Roach's presentation. A stunned source who was at one meeting said, "it struck me how extreme he was - much more, it seemed to me, than in public."
"Roach sees a 30% chance of a slump soon and a 60 per cent chance that "we'll muddle through for a while and delay the eventual Armageddon."

What Roach really said, Michael Ruppert tells us:

"The core of Roach's analysis is the simple fact that, in order to keep the US economy afloat and maintain even moderate faith in the dollar, it must secure $2.8 billion dollars a day in foreign direct investment (FDI), largely through the purchase of Treasury notes to service its bubble economy. Other sources have placed the required FDI at $4 billion per day."

To make a short story even shorter, mankind is in serious, immediate trouble.

However, finally, let Alfredo himself reflect, explain to us, to Venezuela, to the world, the revolutionary ray of militant, optimistic hope that could save us. He states that once

"... wealth is democratically shared among the population, an unpolluted environment will lift human intellect to a larger spectrum, easing pressure on the multitude of humans and their interdependent living organisms. This synchronized existence with nature can help you live longer as it expands your mind."