UK Denies Venezuela Access To Its Gold For Food And Medicine

| Educate!

Above photo: The High Court in London, Britain, July 2, 2020. EFE.

On May 14, the Central Bank of Venezuela sued the Bank of England to obtain its gold bars.

The United Kingdom’s High Court Thursday decided that opposition lawmaker Juan Guaido can access 31 tons of Venezuelan gold held in the Bank of England, which prevents President Nicolas Maduro’s administration from using those resources to fight the pandemic.

The ruling about this monetary reserve valued at over US $ 1 billion occurs after months of disputes between Venezuela and the Bank of England, which denied the constitutionally constituted government access to its own resources

On May 14, the Central Bank of Venezuela (BCV) sued the Bank of England to obtain and sell the Venezuelan gold bars.

The South American country intends to sell the resources to the United Nations Development Program (UNDP), and so gain food and medicine needed amid pandemic.

The Bank of England justified its attitude by claiming that they would first clarify who Venezuela’s legitimate representative is and then debate the resources’ release.

U.K. justice’s decision opens the gates for Guaido to appropriate the resources held in that European country and other international banks.

“Every minute a person can die in Venezuela because of COVID-19. We need our resources to mitigate its impact on our people,” Venezuela’s Vice President Delcy Rodriguez insisted.

The announcement comes days after President Donald Trump’s former advisor John Bolton said in a memoir that Guaido is perceived as weak, against a strong and smart Maduro.

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  • eight.of.wands

    i unilaterally declare myself Juan Guaido’s son by a teenage prostitute who got VD from him many years ago…..can i just drop by that bank and sign out for a coupla bars when i’m in town??….mother could use a few things, and as we all know, papa was a rolling stone, wherever he laid his hat was his home, and when he left…

  • rgaura

    Outrageous! Just like the US theft of Ukrainian gold reserves, Libyan gold reserves, the gold reserves behind the Dinar, and theft of Venezuelan Citgo. The rule of law is officially dead, and who has even noticed? Oh, right, there is a magic virus claiming all of our attention, and robbing us of jobs and any semblance of a functioning economy!

  • tttbnr

    Great Britain must pay a very high price for this theft of a Venezuelan asset. All other non-aligned nations must withdraw their gold immediately and plot ways to ruin Great Britain’s currency and economy. Not that they need to. Brexit will accomplish the destruction of the British economy, but non-aligned nations should do everything they can to hasten Britain’s demise.

  • Nylene13

    I guess gold has value today for use in Industry.

    But other than that-what use is it?

    I don’t even think it is pretty.

    Neither did the Native American Indians.

    Venezuela should forget about gold and focus on organic vegetable farming and a socialist environmentally sustainable culture. In a few years, then they would be better off than we are in the U.S.

  • Bill Rood

    magic mythical.” There, fixed it for you.

    No longer any need for euphemisms. The unicorn was never isolated. Gene sequencing was done only on RNA fragments and a theoretical model of SARS-CoV-2 constructed from those jigsaw fragments. Nobody has ever proven the existence of such a virus in reality, and, “A high-profile European pathologist is reporting that he and his colleagues across Europe have not found any evidence of any deaths the novel coronavirus on that continent.” See “No one has died from the coronavirus” at the OffGuardian on July 2nd.

    For sure, there have been many deaths from Influenza-like Illness (ILI) in the past three months, but even where the reporting is non-fraudulent, there’s no evidence any of those people died from some new virus rather than from the flu, other unidentified ILIs or as a direct result of their co-morbidities complicated by pneumonia. Medical mismanagement, led by the recommendations of WHO and many government bureaucracies, has been a major contributing factor in those deaths, if not the actual primary cause. WHO discouraged the usual ILI treatment protocols and other promising treatments while it encourage an over reliance on ventilators, which turned out to be deadly. Governments forced nursing homes to accept patients with respiratory illnesses that quickly spread among the populations. Some of these had positive PCRs “tests,” indicating some sort of corona virus infection that has never been proven to be SARS-CoV-2 and rarely proven to be a major cause of death.

    There is no scientific way to validate PCR or antibody tests without first isolating and proving the existence of the SARS-CoV-2 virus itself which has never been done. It is a chimeric unicorn, spun from sequenced RNA fragments likely left behind by a variety of other corona viruses but assumed to have come from SARS-CoV-2, then assembled into a theoretical model that may or may not exist in reality. The inventor of the PCR process, who died last year, always said it was not designed as a diagnostic test and that PCR should not be used as a definitive diagnosis of disease. Other PCR tests have been validated by comparing their results with a “gold standard” test known to be valid and accurate. This has never been done with the PCR tests for SARS-CoV-2 because there is no such “gold standard.” We have no scientific proof of their accuracy or even their validity in concept, because we haven’t even proven the existence of SARS-CoV-2.

  • Jon

    LOL Got it! ” papa was a rolling stone, wherever he laid his hat was his home, and when he left…”

  • zak1

    I think this might be fine if we imagine Venezuela would then be left alone to run its own affairs, without interference

    I don’t know how much a billion dollars counts when we’re thinking of wealth on a national scale like this

    I’m more concerned with what this sum might mean to someone like Guaido – with his wannabe Bolsonaro ambitions – it’s amazing, the sheer lawlessness we see on so many levels where we imagine rules and protocols are supposed to exist – I mean, what international authority would have approved a move like this on the UK’s part (let alone the treatment of Assange)

    In this case, I’m comforted by the notion that Guaido has likely had more than a billion dollars’ worth of support already, and yet it hasn’t worked so far