Jeffrey Sachs REVEALS THE TRUTH Behind Trump's Kidnapping of Maduro from Venezuela
By Financial Wise
Key Concepts
- Regime Change Operations: Covert or overt attempts by the United States to remove foreign governments from power.
- US Sanctions: Economic penalties imposed by the US government on Venezuela, significantly impacting its oil production and GDP.
- Oil Reserves: Venezuela possesses the largest proven oil reserves globally, exceeding even Saudi Arabia’s.
- Color Revolution: A type of revolution broadcast as being driven by a popular uprising, often with external support.
- Deep State: A perceived network of unelected government officials and powerful interests influencing US foreign policy.
- Brazenness/Lack of Restraint (Trump): Trump’s open and aggressive approach to foreign policy, disregarding constitutional and international legal norms.
Venezuela and US Foreign Policy: A History of Intervention
This discussion centers on the current situation in Venezuela, framed as a recent attempt in a long history of US regime change operations. The speaker, Professor Sax, argues that the US has been actively pursuing regime change in Venezuela for at least 23 years, with a significant escalation beginning around 2007 due to the country’s vast oil reserves – confirmed by the US Geological Survey to be the largest in the world, surpassing even Saudi Arabia’s.
Historical Precedents & Patterns
The speaker highlights a pattern of US interventionism, citing Iraq and Libya as examples of regime change operations that resulted in “prolonged disasters.” Specifically:
- Iraq: Initially presented as a success, the intervention led to years of chaos, violence, and economic/social crises.
- Libya: The overthrow of Muammar Gaddafi in 2011 resulted in ongoing civil war, 14+ years later.
These examples serve to illustrate a recurring theme: US regime change attempts often have unintended and devastating consequences. Professor Sax estimates the US has attempted around 100 such operations since the end of World War II.
Venezuela: A Timeline of Intervention
The speaker details a specific timeline of US involvement in Venezuela:
- 2002: A coup attempt against Hugo Chavez, with the CIA having “foreign knowledge” and giving approval for it to proceed. Chavez remained in power, but the US was already engaged in regime change efforts.
- Late 2000s (around 2007): Venezuela gained increasing control over its oil reserves, leading to a conflict with ExxonMobil, a powerful US political actor. This marked an intensification of US pressure.
- 2014: Possible “color revolution” operations were attempted, though their success is disputed. (A color revolution is defined as a revolution presented as a popular uprising, often with external support.)
- 2017-2020: Direct and “brazen” attempts to cripple the Venezuelan economy through US sanctions. These sanctions led to a 75% decline in oil production and a 60% fall in GDP per capita between 2016 and 2020 – a “catastrophic decline” largely attributed to the sanctions.
- 2017 (Fall): During a dinner with Latin American leaders at the UN General Assembly, Trump openly discussed the possibility of invading Venezuela, a suggestion discouraged by other leaders.
Trump’s Approach & Motivations
The discussion emphasizes the particularly aggressive nature of the Trump administration’s approach to Venezuela.
- Consultation with Oil Companies: Trump reportedly consulted with oil companies before and after any operation, suggesting a primary motivation rooted in securing access to Venezuelan oil.
- “Pulling the Mask Off”: The administration is seen as openly revealing the US’s imperialistic ambitions.
- Unconstitutional & Illegal: Professor Sax argues Trump’s actions are unconstitutional and violate international law, but Trump dismisses such concerns with a “America First” ideology. As stated by Professor Sax, “Constitution? What are you whining about? International law? That doesn't exist. We're America first.”
- Unleashing the “Deep State”: Trump is characterized as unleashing the most aggressive impulses of the US security state, acting as an “accelerator” with “no foot on the brake.” (Deep State refers to a perceived network of unelected officials and powerful interests influencing US foreign policy.)
The Current Situation & Future Outlook
The speaker asserts that, despite claims to the contrary, the Venezuelan government remains intact, although there has been a “kidnapping of the president.” He cautions that the current situation represents the “first days of this American adventure” and predicts “a lot more to come,” expressing a pessimistic outlook. He stresses that US foreign policy projects are often long-term, spanning decades, and that Venezuela’s case is a “two decade long project.”
Data & Statistics
- Oil Production Decline: 75% decrease in Venezuelan oil production between 2016 and 2020 due to US sanctions.
- GDP per Capita Decline: 60% fall in Venezuelan GDP per capita between 2016 and 2020.
- Oil Reserves: Venezuela holds the largest proven oil reserves globally, exceeding Saudi Arabia’s.
Synthesis/Conclusion
The discussion paints a critical picture of US foreign policy, particularly regarding Venezuela. It argues that the current situation is not an isolated incident but part of a long-standing pattern of interventionism driven by economic interests (specifically, oil) and characterized by a disregard for international law and the well-being of the targeted nation. The speaker warns of a potentially dangerous escalation under the Trump administration, highlighting his willingness to openly pursue aggressive policies without restraint. The core takeaway is that understanding the historical context and underlying motivations is crucial to interpreting current events in Venezuela and anticipating future developments.
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