Caracas (GPA) – There is a lot of negative press lately in the US concerning Venezuela and the country’s current financial crisis. We here at Geopolitics Alert have also noticed that within the alternative media audience there is a willingness to believe some of these stories despite the usual attitude of distrust of the mainstream media. This article is intended to clear up some of the common lies spread in the US media and shed some light on the real causes of the current turmoil in Venezuela.
Venezuela has been in the cross-hairs of the United States for years now since the election of Hugo Chavez in 1998. Chavez was considered a threat to the US domination of South America soon after he took office on a mandate of expelling the multi-nationals and putting control of the wealth of his country in the hands of the people who elected him.
Venezuela had one resource in particular that makes them such a desirable target for theft and exploitation by US corporations; a massive amount of oil. A common misconception is that Hugo Chavez made the decision to nationalize Venezuela’s oil, but the process actually began in 1976.
Chavez just used the system already in place to take the government from having partial ownership of oil resources, to total ownership. Chavez decided that instead of Venezuela only taking a minority share of the profits from their own oil – previously used to enrich a small group of elites willing to collaborate with the oil companies – he would take all of the oil revenue, using it to enrich the lives of the people of Venezuela. The oil giants Total, ConocoPhillips, Chevron and ExxonMobil – because of course – hated this development that inevitably led to the loss of their control over another country’s resources and the revenue they always feel entitled to…