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VHeadline commentarist Arthur Shaw writes: Alfredo Bremont ... with rigorous logic and a mastery of the empirical side of the world capitalist collapse ... writes in a VHeadline.com piece "By re-organizing the G-20 and creating a currency based on REAL values such as raw materials, Venezuela can balance the warmongers and pacify the bankers ... but it requires the cooperation of Russia and the agreement of China since the Chinese's worthless US$ bonds can be revalued in a new energy currency since we all know that the West cannot exist without oil/gasoline."
What is new and original to Bremont is his idea that Venezuela plays and will continue to play a role in restructuring the world economic order in cooperation chiefly with the Russians and Chinese.
The ground for the importance of the projected Venezuelan role is the uncontested fact that the US imperialists could NOT fool Venezuela revolutionaries as they fooled Russia, China, Brazil, the Venezuelan bourgeoisie, and most others around the world with the US imperialist "wholesale fraud" that Bremont mentions. The entire financial sector of the world is understandably astonished that Venezuelan revolutionaries in power in Caracas saw, spoke out, and acted to preserve and protect the precious currency reserves and official gold reserves of the Venezuelan people as early as 2005.
When Venezuelans did these things a few years ago, even many of the financial experts of the Russians, Chinese, Brazilians, and the French ridiculed the Venezuelan revolutionaries as "paranoid" or "ignorant," or "counter productive" for transferring almost all of the international reserves of Venezuela from the fraudulent, "safe" and "high-yield" US-issued mortgage-back securities and from US banks to the Bank for International Settlements in Basel, Switzerland, a central bank for the central banks of the world, where much of Venezuela's money is now and remains safe from the US imperialist thieves.
Bremont writes: "Washington is hoping that it will drag NATO into the fray." Decidedly so. Using its military might and that of its major allies, Washington intends to steal and murder its way out of the capitalist collapse, once its program of economic "stimuli," that is, fabulous hand-outs of hundreds of billions of dollars to about 30,000 US financiers fail, if the "stimuli" haven't already failed.
Bremont writes: "Anyone with US$ reserves will find themselves broke." Exactly. But this "anyone," whom Bremont mentions, is almost everyone, because it was the conventional wisdom in the financial communities of the world ... before the capitalist collapse ... to put two-thirds of a country's international reserves in US- denominated assets or, in other words, in US-denominated fraudulent securities because these securities were falsely said to be "safe" and, above all, said to be "high yield."
Arthur Shaw
arthur.shaw@vheadline.com
