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Wednesday, November 11, 2026

Could Venezuela Become the Pillar of the New Petrodollar?

 Obviously, this is not to say the Democrats have better policies. On the contrary, they’re pretty much infested with neoliberal extremism, making them far more damaging to American society, especially in the long term.

However, voters effectively wanted to punish Trump and it could be argued they voted against the GOP, not necessarily for the DNC. His unpopularity was well known to virtually everyone, as his public approval hovered around 35% for months, particularly after he attacked Iran earlier this year. As someone who spent decades in the media, it’s virtually impossible Trump didn’t know about the consequences of his decision to escalate in the Middle East. He’s not the most sophisticated of people (mildly speaking), but he certainly doesn’t lack the intelligence to understand this.

This begs the question – why did the US do it? Why go into a war that’s effectively lost before it began? It could be argued that Trump was emboldened by the kidnapping of Maduro, which resulted in the fall of Venezuela.....


https://michelchossudovsky.substack.com/p/could-venezuela-become-pillar-new-petrodollar?utm_source=post-email-title&publication_id=1910355&post_id=224166329&utm_campaign=email-post-title&isFreemail=true&r=y7h5a&triedRedirect=true&utm_medium=email 

..Why is this so important for America? Well, the pillar of its power in the world is certainly the petrodollar.
Illustration shows oil, miniatures of oil barrels and U.S. dollar banknote

As long as most countries use it for the vast majority of transactions, the US can keep printing money into oblivion and use it to conduct aggression against the world. The main counter came when BRICS and SCO gave sovereign nations an alternative – national-currency payments in international trade. Realizing that the petrodollar would eventually be replaced by other currencies (particularly the Chinese yuan), the US decided to act in the only way it knows – war, death and destruction. Namely, Washington DC knew that attacking Iran would cause retaliation and disrupt global oil supplies. Coupled with NATO attacks on Russia, this effectively leaves the US and its vassals and satellite states as the only “stable” source for oil exports.

Venezuela is instrumental in this strategy, as it’s far easier for the Pentagon to control what happens in South America than in the Middle East.

No power in the Western Hemisphere can match the US, leaving the petrodollar “untouchable” (for now, at least). It remains to be seen whether this will work in the long term, but it seems that the Trump administration doesn’t care if it loses the midterms as long as it can keep America’s power. The destabilization of the Middle East, Europe and the post-Soviet space remains a priority of US foreign policy, as it disrupts energy supplies from Washington DC’s rivals.

This leaves BRICS and SCO as the only alternatives offering peace and stability.

Meanwhile, NATO will remain the Pentagon’s tool for pushing the geopolitics of controlled chaos.