How serious is the possibility of the US invading South Africa, deposing the government, and then imposing a regime of their own as they are doing in Venezuela? This is not an alarmist question or a sense of exaggerated importance of South Africa to the interests of the US. We have been on their radar since January last year like no other country of our size and significance.
Venezuela has been accused of narco-terrorism for allegedly orchestrating, at government level, wholesale export of drugs to the US. They have also been accused of “theft” of their own oil that apparently “belongs” to the US. All credible analysis of the US accusations have dismissed the drug issue as the core reason, even though President Donald Trump has given that as the main reason for the attack on Venezuela.
It has been pointed out that at the very best about 1% of the drugs smuggled into the US originate from Venezuela. The main reason has to be the oil as the country has more than 300-billion barrels of reserves, the largest single deposit in the world. But that is not all.
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Venezuela has been part of a campaign to stop using US dollars as the means of payment for its oil. Its major customer, China, pays in its own currency, the yuan. Venezuela has also been intending to join the growing Brics grouping that includes China, Russia, Brazil, India and us, plus about 14 other countries.
One of Brics’s projects is the facilitation of payments using national currencies and not the dollar. The narco-terrorism story is just like the white genocide accusation against us. It is fake and the real reason is the oil and Nicolas Maduro’s intent to join Brics This process, known as de-dollarisation, threatens the very existence of the US economy as its strength lies in the forced use of its currency for virtually all international transactions.
It does not matter where you would be travelling, if you have dollars you are good to go. If Venezuela was to join Brics and strengthen the sale of oil in particular through other currencies, the fall of the dollar would be accelerated. Realising the threat, Trump in November 2024, before he took over for his second term, said; “We require a commitment from these countries that they will neither create a new Brics currency, nor back any other currency to replace the mighty US dollar or, they will face 100% tariffs, and should expect to say goodbye to selling into the wonderful US economy.” So the narco-terrorism story is just like the white genocide accusation against us.
It is fake and the real reason is the oil and President Nicolas Maduro’s intention to join Brics. We are a key member of Brics and arethe world’s largest producer of platinum,holding more than 80% of global reserves. Platinum is mainly used in the production of catalytic converters for vehicles, electronic hard drives, glass for LEDs, in fine jewellery and medicines, amongmany uses.
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