This article was published by the McAlvany Intelligence Advisor on Wednesday, October 18, 2017:

Venezuela’s Marxist Nicolas Maduro celebrated the phony, fraudulent election on Sunday as if it were real and meant something:

We have won 75 percent of the country’s governorships … Chavismo [the socialist policies that have driven once-prosperous Venezuela into the ground] is alive [and] triumphant.

He rejoiced in the election’s supposed slap against foreign devils, including the United States: “This victory is a moral and political feat of the Venezuelan people who have learned to resist the onslaughts of the oligarchy’s war and who have said ‘no to sanctions,’ ‘no to interventionism.’’’

He didn’t tell his supporters that his victory is likely to be very short-lived.

That his election was clearly manipulated was spelled out by U.S. State Department spokeswoman Heather Nauert: “We condemn the lack of free and fair yesterday in Venezuela. The voice of the Venezuelan people was not heard.” She added that there had been “last minute changes to polling station locations without public notice, manipulation of ballot layouts, and limited availability of voting machines in opposition neighborhoods.” In addition, independent credible outside monitors of the were prohibited from overseeing the election process by Marxist dictator Maduro’s regime.

Those manipulations were similar to the ones instigated by Maduro during the July 30 election of his “constituent assembly.” There he had 6,000 handpicked supporters running for the assembly’s 550 seats. To cement that election into place, his people manipulated at least a million votes. And finally, his own voter council “ratified” that election as being legitimate.

What options are open to what remains of the opposition? With more than 400 political prisoners in , many of them legitimately elected as mayors opposed to Maduro, and any of those from Sunday’s election not pledging allegiance to his regime likely to join them, what can be done? Those rampaging violent street riots that protested Maduro cost the lives of 120 individuals. With Sunday’s election results appearing to cement Maduro’s regime into place for the foreseeable future, their options are limited.

Outside sanctions by Argentina, Spain, and Columbia are having little effect. The is threatening to apply sanctions, but so far that is just talk. The U.S. has limited ’s ability to continue to fund Maduro’s regime through the bond market, and Trump has applied sanctions onto Maduro and many of his henchmen. All they have done so far is push Maduro into the arms of his enablers: Russia, , and Cuba.

There are two ways the Venezuelan people could regain their . President Trump has so far not applied sanctions to the companies operating the Gulf Coast refineries which are supporting Maduro to the tune of $1 billion a month through their purchases of Venezuela’s heavy crude. The president has been persuaded that shutting off that flow would cost American jobs and might raise the price of , so he has kept his hands off that lever.

But exercising that lever most likely would hasten the other element working for freedom in that sad and declining country: default and seizure of precious assets. Maduro’s country has external debt approaching $600 billion, far beyond its ability to pay back. Even interest and principal payments are going to push Maduro to the limit. Those payments due in October and November amount of $3.5 billion, and he simply doesn’t have the funds. Shutting off that flow from America would mark the death knell for Maduro. Those defaults would trigger the seizure of precious assets and end his regime.

Maduro bought some time with his fraudulent election victory on Sunday but his time is running out.


Sources:

Latin America Herald TribuneVenezuela’s Maduro Says Chavismo Still Alive after Party Wins Regional Votes

The Wall Street JournalVenezuela’s Latest Election Fraud

The Wall Street JournalVenezuela Opposition Has Few Options After Vote Many Call Fraudulent

The Wall Street JournalVenezuelan Officials Tampered With Election, Voting-Software Firm Says

The BBCVenezuela elections neither ‘free nor fair’, says US

Venezuela’s external debt: $589 billion

The Miami HeraldU.S. imposes first economic sanctions against Venezuela

Opt In Image
Soak Up More Light from the Right
with a free copy of Bob's most popular eBook!

Sign up to to receive Bob's explosive articles in your inbox every week, and as a thank you we'll send a copy of his most popular eBook - completely free of charge!

How can you help stop the Democrat's latest gun grab? How is the Federal Reserve deceiving America today? What is the latest Obama administration scandal coverup? Sign up for the Light from the Right email newsletter and help stop the progressives' takeover of America!