Posts Tagged ‘Bank of England’

As the multi-layered manuevering in regard to Venezuela continues, it was reported a couple of days ago that the Bank of England has taken actions in line with Washington’s lead.

The Bank of England has refused to hand over $1.2 billion of Venezuelan gold back to the Venzuelan government. Above is a clip from RT of Richard Wolff discussing the matter.

The explanation seems to be deny the ‘illegitimate’ Maduro government access to the country’s own gold reserves, because it will be used to strengthen his position during this crisis. This move comes as the United States and a number of other governments have officially refused to acknowldege President Maduro anymore as the elected leader of Venezuela.

Apparently, the request for the UK to freeze Venezuela’s assets came from the National Assembly leader Juan Guaido – the figure being championed by the US and others as now being the recognised leader of Venezuela. The claim – made by Trump’s Secretary of the Treasury and former Goldman Sachs banker Steve Mnuchin – is that the Venezuelan assets will only be released to a post-Maduro government under the leadership of Guaido. (more…)

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