Petro Dollars Venezuela and US Debt !

What do Petro Dollars, Venezuela and US Debt have to do with Maduro’s removal from the Venezuelan Presidential Palace, compliments of United States President Donald J. Trump? For one, America’s Achilles heel. The national debt, which is currently on an unsustainable trajectory. It’s a simple case of America spending more than it earns, like much of the West. The US suffers from an ageing population, rising healthcare costs and an escalating interest bill. Add to that an inefficient tax system not designed to collect enough revenues to sustain imbecilic promises.

Combined with an inability to sustain Defence spending at current levels, America faces serious challenges to its strength and security over the coming years. This is where Maduro comes in, or should I say exits the building. His departure from the Venezuelan scene is closely tied to securing resources and controlling trade routes. Objective: control prices and the supply lines. This means if the United States is to retain hegemony around the world, it needs to control oil reserves, currency flows, and what sets their prices.

America is finally paying attention to China’s growing footprint in South America, once the sole preserve of the United States. China is now the biggest trading partner in South America, and has fast-developing infrastructure programmes everywhere you look. America is facing a change in its sphere of influence to China.

This is where the Petro Dollar and Venezuela enter the global picture. Venezuela has the largest crude oil reserves in the world, and before Maduro’s overthrow, was moving closer to China, Russia and Iran and taking its oil reserves with it. This was now a case of who would control those reserves in the future and whether those reserves would be valued in Petro Dollars or Yuan. The implications for American debt and its position as the number one superpower were about to be challenged as never before, without firing a shot.