Venezuelan V.P. Accused of Drug Trafficking

WASHINGTON, DC – On Monday the United States government accused the vice president of Venezuela, Tareck El Aissami, of being involved in international drug trafficking. As a result of the accusation, the U.S. has placed severe sanctions on him. U.S. citizens are banned from doing business with him and freezing any assets he has in…

Foreign Dollars Tightly Controlled in Venezuela

In the wake of the death of Hugo Chavez many predicted a sharp return to capitalist policies. Much to their dismay (and my delight) this is not the case. The government of Nicolas Maduro is solidly keeping the victories of Venezuela in sight as he and the Bolivarians begin a new monetary policy. The goal…

Venezuela and It’s Currency Devaluation

Recently Venezuela devalued its currency which has caused a great deal discussion among the people and the media. As to be expected the right wing media and the Western media has claimed that this is some sort of desperation move by the government to prevent a massive economic collapse. Right wing media and generally the…

Mexican Envoy Kidnapped In Venezuela

Relations between Venezuela and Mexico became much more complicated when a Mexican ambassador and his wife were kidnapped and released in the same day. Ambassador to Caracas, Carlos Pujalte and his wife were grabbed in the early morning hours and released that evening in a slum. Venezuela is known for its high profile kidnappings, this…

Venezuela Wins & Loses Exxon Mobil Dispute

When Venezuela nationalized the Exxon Mobil portion of oil production in the country, they were offered $1 billion dollars from the Venezuelan government. Exxon Mobil refused the offer and instead took them to the International Chamber of Commerce and claimed the state oil company PDVSA did have liability when its assets were nationalized. They asked…