Quote of the Day (Or, Why Does The Us Want To Attack Venezuela?)

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The petrodollar system. Without (at minimum) economic war on Venezuela, the US dollar would collapse. Venezuela has more oil than any country on earth. But it’s not simply that the US wants that oil. If that were the case, they would make a deal with Maduro, which he offered if the US would end the belligerence. In order for the US to print endless money (for things like our a trillion-dollar-a-year death machine), the US dollar needs to remain the global reserve currency. And for that to happen, it needs the petrodollar to remain strong. And for that to happen, fossil fuels around the world must continue to be bought and sold in US dollars. If VZ were to be allowed full output of its massive oil reserves, much (if not all) would be sold in other currencies. This would greatly harm the petrodollar. It would also make Venezuela, a socialist country, one of the richest and most powerful countries on earth.


-- Lee Camp explaining America's motives (and revealing the New York Times' ignorance)


Bonus: Due Dissidence reminds us that while socialist Argentina is being targeted for their potential, libertarian Argentina is being bailed out for their failures:



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