BayouCougar
(Denounce all racism and antisemitism.)
730
Help me understand. We went in and grabbed Maduro and said it was about regime change but so far almost everyone Maduro had in power is still running the country. We are seizing oil and giving it to political donors to sell at a profit.
"The DTrump administration’s first sale of [Venezuelan oil to a U.S. buyer landed with a familiar name: a company linked to one of [the president’s biggest campaign donors.
The initial deal, worth about $250 million, went to Vitol, the world’s largest independent oil trader. A senior Vitol trader involved in securing the contract has poured millions into political action committees backing DonaldTrump’s re-election and met with the president at the White House just days before the agreement was finalized."
This looks like pay for play and self serving insider deal.
And why is the money being held in Qatar? Hundreds of millions of dollars that the United States is raising from the sale of Venezuelan oil is being sequestered in Qatar. It also raises questions about the transparency surrounding those funds.
Now we suddenly have lost interest in the boats "smuggling " drugs? The boats have not stopped or was it ever really the reason.
Seems like it is all about following the money and distracting from the Epstein files.
Oh they can’t answer those questions. They can deflect, obfuscate, and whine. But not answer, same with Greenland they can’t explain why we need to shatter alliances, but they can scream Sssshhhyyyyyyynnnnnnnaaaa and act like that’s an actual thing, whole we drive the rest of the world into China’s arms by acting like imperialistic morons.
China : A significant source of financing and investment, upgrading its relationship to an “All-Weather Strategic Partnership”.
Russia : An important trading partner, holding some of Venezuela’s debt.
United States (JPMorgan): Has a long history in Venezuela and is positioned to re-enter more actively as sanctions ease, with focus on oil and infrastructure.
Europe (BBVA):BBVA Banco Provincial is a major foreign-owned bank with deep local roots, seeing future opportunities.
: A Qatari bank holds funds from Venezuelan oil sales, managed for the interim government.
International Bodies: The IMF could play a role in economic stabilization, working with the U.S…
Recent Developments
Sanctions & Easing: U.S. sanctions have isolated Venezuela, but recent political shifts are leading to a review, creating potential for renewed international banking and investment.
So was slavery, are you saying that we should bring that back?
BayouCougar
(Denounce all racism and antisemitism.)
741
You can only blame the previous administration for so long. You have to judge the current one for its actions.
I do not care if it’s a dem, republican, billionaire or a prince, trafficking and abusing kids is wrong and they should be held accountable.
But the efforts of the administration and the DOJ with missed deadlines and refusing to comply makes it look really shady.
Your Qatar rationale makes no sense. The US could remove those sanctions, aren’t we telling the world we run Venezuela.
Rep. Thomas Massie and others have criticized the move, arguing that selling “stolen” oil and holding it overseas, rather than in the U.S. Treasury, is unconstitutional and circumvents Congress’s “power of the purse”.
There is no legal basis for a president to control an offshore account for seized assets.
Critics argue that if the U.S. is managing the funds, they should be in the U.S. under clear American law and subject to congressional oversight, rather than in a foreign secrecy jurisdiction.
So, you support not following the law and constitution?
The U.S. Treasury controls offshore funds, particularly Venezuelan oil revenues, by holding proceeds in U.S.-controlled bank accounts and managing them via the Office of Foreign Assets Control (OFAC) to enforce sanctions and foreign policy, rather than allowing direct access by sanctioned entities like the Maduro regime, effectively creating a controlled offshore asset situation for specific geopolitical aims. While traditional offshore accounts aim for privacy or tax benefits, these Treasury-controlled funds serve national security, with OFAC overseeing blocked assets and licensing transactions.
How the U.S. Treasury Controls Offshore Funds
Sanctions Programs (OFAC):
The Office of Foreign Assets Control (OFAC) administers economic sanctions, blocking assets of sanctioned individuals, entities, and governments.
Foreign financial institutions must comply, or risk U.S. sanctions themselves, preventing accounts for sanctioned parties.
Targeted Control (e.g., Venezuela):
Recent actions involve directing proceeds from Venezuelan oil sales into U.S.-controlled bank accounts, effectively putting them under Treasury management.
This allows the U.S. government to control the flow of money, authorizing transfers under specific licenses to advance U.S. foreign policy and national security.
Blocked Property:
If a U.S. institution comes into possession of funds belonging to a blocked person or entity, they must block (freeze) those funds, preventing their movement.
Key Difference from Typical Offshore Accounts
Traditional Offshore: Often used for privacy, asset protection, or tax planning by individuals, relying on foreign jurisdictions.
Treasury-Controlled: These are not about hiding assets but about exercising control over them for U.S. policy, often blocking access by sanctioned regimes (like Venezuela’s) or targeting illicit finance.
In essence, when you hear about “offshore accounts” controlled by the U.S. Treasury, it usually refers to funds blocked or managed under sanctions, not typical private offshore banking, with OFAC being the key enforcement arm
