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Venezuela's Monetary Revolution Vis-a-Vis Economic Sanctions
By: Nino Pagliccia, August 8, 2018
The U.S.-based financial system is the software that operates the day-to-day operations of policing trade, competitors and governments to ensure the generation and protection of wealth for the U.S. empire through financial monopoly.
The policing of all financial transactions by the United States was facilitated when the gold standard was dropped by the Nixon administration and the dollar became the new monetary standard.
... Part of the policing process is punishing all those deemed to challenge any aspect of U.S. power. And that's when sanctions and financial blockade come into the picture. The United States has used sanctions and financial blockade regularly as instruments of intervention.